Centene Corp (CNC)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,601,000 | 1,962,000 | 1,824,000 | 2,787,000 | 1,794,000 |
| Revenue | US$ in thousands | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 | 74,639,000 |
| Pretax margin | 2.34% | 1.36% | 1.45% | 2.51% | 2.40% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,601,000K ÷ $153,999,000K
= 2.34%
Centene Corp.'s pretax margin has fluctuated over the past five years, ranging from a low of 1.36% in 2022 to a high of 2.50% in 2020. In 2023, the pretax margin improved to 2.34%, indicating a positive trend compared to the previous year. This improvement suggests that Centene Corp. was able to better manage its expenses relative to its revenue before accounting for taxes in 2023. However, the pretax margin still remains below the higher levels seen in 2020 and 2019. The company may need to continue focusing on cost efficiency and revenue generation strategies to further enhance its profitability in the future.
Peer comparison
Dec 31, 2023