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Centene (CNC) Financials

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$55.93 -1.72 (-2.98%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$56.54 +0.62 (+1.10%)
As of 09:00 AM Eastern
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Annual Income Statements for Centene

Annual Income Statements for Centene

This table shows Centene's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
3,305 2,702 1,202 1,347 1,808 1,321 900 828 562 355
Consolidated Net Income / (Loss)
3,294 2,699 1,202 1,336 1,794 1,309 894 808 561 357
Net Income / (Loss) Continuing Operations
3,294 2,699 1,202 1,336 1,794 1,309 894 808 561 358
Total Pre-Tax Income
4,257 3,598 1,962 1,813 2,773 1,782 1,368 1,134 1,160 697
Total Operating Income
3,175 2,930 1,318 1,784 3,082 1,781 1,458 1,199 1,263 705
Total Gross Profit
160,342 150,435 137,515 22,486 21,548 72,174 11,673 8,684 8,107 21,139
Total Revenue
163,071 153,999 144,547 125,982 111,115 74,639 60,116 48,382 40,607 22,760
Operating Revenue
163,071 153,999 144,547 125,982 111,115 74,639 60,116 48,382 40,607 22,760
Total Cost of Revenue
2,729 3,564 7,032 103,496 89,567 2,465 48,443 39,698 32,500 1,621
Operating Cost of Revenue
2,729 3,564 7,032 103,496 89,567 2,465 48,443 39,698 32,500 1,621
Total Operating Expenses
157,167 147,505 136,197 20,702 18,466 70,393 10,215 7,485 6,844 20,434
Selling, General & Admin Expense
12,400 12,563 11,589 9,601 9,380 6,533 6,043 4,446 3,673 1,802
Depreciation Expense
549 575 614 565 487 - - - - -
Amortization Expense
692 718 817 770 719 258 211 156 147 24
Other Operating Expenses / (Income)
143,513 133,120 120,859 8,287 7,808 63,331 3,961 2,883 3,024 18,608
Impairment Charge
13 529 2,318 229 72 271 0.00 0.00 - -
Total Other Income / (Expense), net
1,082 668 644 29 -309 1.00 -90 -65 -103 -8.00
Interest Expense
702 725 665 665 789 442 343 255 217 43
Interest & Investment Income
1,784 1,393 1,279 819 480 443 253 190 114 35
Other Income / (Expense), net
0.00 0.00 30 -125 - - - - - -
Income Tax Expense
963 899 760 477 979 473 474 326 599 339
Net Income / (Loss) Attributable to Noncontrolling Interest
-11 -3.00 0.00 -11 -14 -12 -6.00 -20 -1.00 2.00
Basic Earnings per Share
$6.33 $4.97 $2.09 $2.31 $3.17 $3.19 $2.31 $2.40 $1.76 $2.98
Weighted Average Basic Shares Outstanding
521.79M 543.32M 575.19M 582.83M 570.72M 413.49M 390.25M 344.85M 159.57M 118.70M
Diluted Earnings per Share
$6.31 $4.95 $2.07 $2.28 $3.12 $3.14 $2.26 $2.34 $1.71 $2.88
Weighted Average Diluted Shares Outstanding
523.74M 545.70M 582.04M 590.52M 579.14M 420.41M 398.51M 353.40M 159.57M 118.70M
Weighted Average Basic & Diluted Shares Outstanding
496.04M 534.86M 551.26M 582.87M 581.59M 586.77M 390.25M 344.85M 159.57M 118.70M

Quarterly Income Statements for Centene

This table shows Centene's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
1,311 283 713 1,146 1,163 45 469 1,058 1,130 -213 738
Consolidated Net Income / (Loss)
1,314 280 710 1,146 1,158 39 475 1,055 1,130 -219 740
Net Income / (Loss) Continuing Operations
1,314 280 710 1,146 1,158 39 475 1,055 1,130 -219 740
Total Pre-Tax Income
1,746 347 921 1,516 1,473 24 768 1,415 1,391 41 1,009
Total Operating Income
1,534 175 665 1,229 1,106 -194 735 1,171 1,218 -282 476
Total Gross Profit
45,922 71,049 41,331 39,156 8,806 38,499 37,186 36,731 38,019 117,448 6,183
Total Revenue
46,620 40,805 42,023 39,836 40,407 39,460 38,042 37,608 38,889 35,561 35,865
Operating Revenue
46,620 40,805 42,023 39,836 40,407 39,460 38,042 37,608 38,889 35,561 35,865
Total Cost of Revenue
698 -30,244 692 680 31,601 961 856 877 870 -81,887 29,682
Operating Cost of Revenue
698 -30,244 692 680 31,601 961 856 877 870 -81,887 29,682
Total Operating Expenses
44,388 70,874 40,666 37,927 7,700 38,693 36,451 35,560 36,801 117,730 5,707
Selling, General & Admin Expense
3,353 3,231 3,057 2,894 3,218 3,488 3,048 3,016 3,011 3,198 2,846
Depreciation Expense
142 141 140 133 135 139 148 146 142 144 150
Amortization Expense
173 173 173 173 173 176 180 179 183 208 211
Other Operating Expenses / (Income)
40,720 67,329 37,296 34,727 4,161 34,839 32,635 32,201 33,445 113,601 2,211
Impairment Charge
0.00 - 0.00 0.00 13 51 440 18 20 579 289
Total Other Income / (Expense), net
212 172 256 287 367 218 33 244 173 323 533
Interest Expense
170 172 176 176 178 183 181 181 180 177 169
Interest & Investment Income
382 344 432 463 545 401 214 425 353 493 692
Income Tax Expense
432 67 211 370 315 -15 293 360 261 260 269
Net Income / (Loss) Attributable to Noncontrolling Interest
3.00 -3.00 -3.00 0.00 -5.00 -6.00 6.00 -3.00 0.00 -6.00 2.00
Basic Earnings per Share
$2.64 $0.63 $1.37 $2.16 $2.17 $0.12 $0.87 $1.93 $2.05 ($0.37) $1.29
Weighted Average Basic Shares Outstanding
496.21M 521.79M 521.97M 529.60M 535.11M 543.32M 539.54M 548.93M 550.78M 575.19M 573.96M
Diluted Earnings per Share
$2.63 $0.63 $1.36 $2.16 $2.16 $0.12 $0.87 $1.92 $2.04 ($0.35) $1.27
Weighted Average Diluted Shares Outstanding
498.18M 523.74M 523.54M 530.76M 538.06M 545.70M 541.27M 550.31M 553.85M 582.04M 580.61M
Weighted Average Basic & Diluted Shares Outstanding
497.60M 496.04M 504.87M 526.03M 533.66M 534.86M 534.20M 541.48M 548.77M 551.26M 566.26M

Annual Cash Flow Statements for Centene

This table details how cash moves in and out of Centene's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-3,296 5,172 -868 2,257 -1,174 6,781 1,261 153 2,098 150
Net Cash From Operating Activities
154 8,053 6,261 4,205 5,503 1,483 1,234 1,489 1,851 658
Net Cash From Continuing Operating Activities
154 8,053 6,261 4,205 5,503 1,483 1,234 1,489 1,851 658
Net Income / (Loss) Continuing Operations
3,294 2,699 1,202 1,336 1,794 1,309 894 808 561 357
Consolidated Net Income / (Loss)
3,294 2,699 1,202 1,336 1,794 1,309 894 808 561 357
Depreciation Expense
1,241 1,293 1,430 1,335 1,259 643 495 361 278 111
Non-Cash Adjustments To Reconcile Net Income
-4,266 -1,377 347 -2,413 -274 -607 -1,028 104 267 -246
Changes in Operating Assets and Liabilities, net
-115 5,438 3,282 3,947 2,724 138 873 216 745 436
Net Cash From Investing Activities
-1,052 -1,191 -2,921 -3,299 -6,955 -1,532 -4,585 -1,254 -2,469 -813
Net Cash From Continuing Investing Activities
-1,052 -1,191 -2,921 -3,299 -6,955 -1,532 -4,585 -1,254 -2,469 -813
Purchase of Property, Plant & Equipment
-644 -799 -1,004 -910 -869 -730 -675 -422 -306 -150
Acquisitions
0.00 0.00 -1,460 -534 -4,049 -36 -2,055 -50 -1,297 -18
Purchase of Investments
-7,183 -6,622 -6,736 -7,400 -7,402 -2,575 -3,846 -2,656 -2,432 -1,321
Divestitures
990 707 2,477 68 466 0.00 0.00 - - -
Sale and/or Maturity of Investments
5,785 5,523 3,802 5,458 4,921 1,809 1,991 1,862 1,566 669
Net Cash From Financing Activities
-2,406 -1,658 -4,197 1,362 260 6,832 4,612 -82 2,717 305
Net Cash From Continuing Financing Activities
-2,406 -1,658 -4,197 1,362 260 6,832 4,612 -82 2,717 305
Repayment of Debt
-628 -2,316 -1,531 -7,643 -4,249 -17,814 -4,173 -1,356 -6,152 -1,567
Repurchase of Common Equity
-3,124 -1,633 -3,096 -297 -626 -75 -71 -65 -63 -53
Payment of Dividends
0.00 -88 0.00 0.00 - - - -66 -14 0.00
Issuance of Debt
1,300 2,335 360 9,267 5,107 24,721 6,077 1,405 8,946 1,925
Issuance of Common Equity
46 44 70 35 28 - 2,779 0.00 0.00 -
Effect of Exchange Rate Changes
8.00 -32 -11 -11 18 -2.00 - - -1.00 0.00
Cash Interest Paid
688 688 657 658 725 374 323 237 165 55
Cash Income Taxes Paid
1,002 887 1,198 678 1,191 612 448 496 556 328

Quarterly Cash Flow Statements for Centene

This table details how cash moves in and out of Centene's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
731 -497 -3,062 -162 425 -984 958 1,363 3,835 -3,061 1,826
Net Cash From Operating Activities
1,510 -587 -978 2,175 -456 217 1,021 2,546 4,269 -1,576 3,332
Net Cash From Continuing Operating Activities
1,510 -587 -978 2,175 -456 217 1,021 2,546 4,269 -1,576 3,332
Net Income / (Loss) Continuing Operations
1,314 280 710 1,146 1,158 39 475 1,055 1,130 -219 740
Consolidated Net Income / (Loss)
1,314 280 710 1,146 1,158 39 475 1,055 1,130 -219 740
Depreciation Expense
314 314 313 306 308 315 328 325 325 351 361
Non-Cash Adjustments To Reconcile Net Income
-2,402 -1,560 -1,560 116 -1,262 -1,557 -1,447 1,637 -10 -1,897 1,734
Changes in Operating Assets and Liabilities, net
2,284 379 -441 607 -660 1,420 1,665 -471 2,824 189 497
Net Cash From Investing Activities
-529 102 -839 -1,167 852 -949 435 -424 -253 221 3.00
Net Cash From Continuing Investing Activities
-529 102 -839 -1,167 852 -949 435 -424 -253 221 3.00
Purchase of Property, Plant & Equipment
-135 -154 -153 -186 -151 -223 -136 -215 -225 -233 -247
Purchase of Investments
-1,630 -1,413 -2,336 -2,117 -1,317 -1,893 -1,530 -1,580 -1,619 -1,618 -2,004
Divestitures
0.00 31 - 80 879 17 21 226 443 1,115 1,362
Sale and/or Maturity of Investments
1,236 1,638 1,650 1,056 1,441 1,150 2,080 1,145 1,148 960 837
Net Cash From Financing Activities
-250 -13 -1,245 -1,171 23 -201 -524 -750 -183 -1,732 -1,481
Net Cash From Continuing Financing Activities
-250 -13 -1,245 -1,171 23 -201 -524 -750 -183 -1,732 -1,481
Repayment of Debt
-969 -29 -30 -379 -190 -346 -648 -1,321 -1.00 -310 -288
Repurchase of Common Equity
-41 -943 -1,227 -803 -151 -31 -774 -405 -423 -1,433 -1,243
Issuance of Debt
750 950 - - 350 165 889 994 287 3.00 26
Issuance of Common Equity
10 9.00 12 11 14 12 11 9.00 12 8.00 24
Effect of Exchange Rate Changes
0.00 1.00 - 1.00 6.00 -51 26 -9.00 2.00 26 -28
Cash Interest Paid
129 193 143 197 155 192 148 204 144 195 135
Cash Income Taxes Paid
7.00 181 211 597 13 128 167 581 11 750 37

Annual Balance Sheets for Centene

This table presents Centene's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
82,445 84,641 76,870 78,375 68,719 40,994 30,901 21,855 20,197 7,339
Total Current Assets
37,999 40,756 30,128 28,497 23,393 20,323 11,998 8,703 8,365 3,605
Cash & Equivalents
14,063 17,193 12,074 13,118 10,800 12,123 5,342 4,072 3,930 1,760
Short-Term Investments
2,622 2,459 2,321 1,539 1,580 863 722 531 505 176
Accounts Receivable
19,713 15,532 13,272 12,238 9,696 6,247 5,150 3,413 3,215 1,279
Other Current Assets
1,601 5,572 2,461 1,602 1,317 1,090 784 687 715 390
Plant, Property, & Equipment, net
2,067 2,019 2,432 3,391 2,774 2,121 1,706 1,104 797 518
Total Noncurrent Assets
42,379 41,866 44,310 46,487 42,552 18,550 17,197 12,048 11,035 3,216
Long-Term Investments
17,429 16,286 14,684 14,043 12,853 7,717 6,861 5,312 4,545 1,927
Goodwill
17,558 17,558 18,812 19,771 18,652 6,863 7,015 4,749 4,712 842
Intangible Assets
5,409 6,101 6,911 7,824 8,388 2,063 2,239 1,398 1,545 155
Other Noncurrent Operating Assets
593 535 2,686 3,781 1,599 1,249 527 454 95 177
Other Noncurrent Nonoperating Assets
1,390 1,386 1,217 1,068 1,060 658 555 135 138 115
Total Liabilities & Shareholders' Equity
82,445 84,641 76,870 78,375 68,719 40,994 30,901 21,855 20,197 7,339
Total Liabilities
55,935 58,685 52,633 51,353 42,757 28,302 19,878 14,979 14,143 5,015
Total Current Liabilities
34,261 36,716 28,464 25,765 21,585 12,932 11,971 9,332 8,623 3,629
Short-Term Debt
110 119 82 267 97 88 38 4.00 4.00 5.00
Accounts Payable
13,174 16,420 9,525 8,493 7,069 4,164 4,051 4,165 3,763 976
Current Deferred Revenue
661 715 478 434 523 383 385 328 313 143
Other Current Liabilities
20,316 19,462 18,379 16,571 13,896 8,297 7,497 4,835 4,543 2,505
Total Noncurrent Liabilities
21,674 21,969 24,169 25,588 21,172 15,370 7,907 5,647 5,520 1,386
Long-Term Debt
18,423 17,710 17,938 18,571 16,682 13,638 6,648 4,695 4,651 1,216
Noncurrent Deferred & Payable Income Tax Liabilities
684 641 615 1,407 1,534 189 - - - -
Other Noncurrent Operating Liabilities
2,567 3,618 5,616 5,610 2,956 1,543 1,259 952 869 170
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
10 19 56 82 77 33 10 12 145 156
Total Equity & Noncontrolling Interests
26,500 25,937 24,181 26,940 25,885 12,659 11,013 6,864 5,909 2,168
Total Preferred & Common Equity
26,410 25,840 24,057 26,795 25,773 12,551 10,917 6,850 5,895 2,157
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
26,410 25,840 24,057 26,795 25,773 12,551 10,917 6,850 5,895 2,157
Common Stock
20,563 20,305 20,061 19,673 19,460 7,647 7,449 4,349 4,190 956
Retained Earnings
15,348 12,043 9,341 8,139 6,792 4,984 3,663 2,748 1,920 1,358
Treasury Stock
-8,997 -5,856 -4,213 -1,094 -816 -214 -139 -244 -179 -147
Accumulated Other Comprehensive Income / (Loss)
-504 -652 -1,132 77 337 134 -56 -3.00 -36 -10
Noncontrolling Interest
90 97 124 145 112 108 96 14 14 11

Quarterly Balance Sheets for Centene

This table presents Centene's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
87,044 82,445 82,351 83,137 82,624 84,641 84,381 82,853 82,982 76,870 81,172
Total Current Assets
41,288 37,999 37,409 38,406 38,448 40,756 41,405 34,866 35,009 30,128 33,275
Cash & Equivalents
14,815 14,063 14,577 17,605 17,585 17,193 18,190 17,170 15,853 12,074 14,987
Short-Term Investments
2,472 2,622 2,992 2,609 2,082 2,459 2,241 2,212 2,135 2,321 2,191
Accounts Receivable
22,436 19,713 18,281 16,587 16,824 15,532 15,503 13,601 15,210 13,272 13,770
Other Current Assets
1,565 1,601 1,559 1,605 1,957 5,572 5,471 1,883 1,811 2,461 2,327
Plant, Property, & Equipment, net
2,044 2,067 2,042 2,041 1,988 2,019 2,004 2,416 2,478 2,432 2,479
Total Noncurrent Assets
43,712 42,379 42,900 42,690 42,188 41,866 40,972 45,571 45,495 44,310 45,418
Long-Term Investments
18,268 17,429 17,691 16,870 16,496 16,286 15,234 16,108 15,833 14,684 14,053
Goodwill
17,558 17,558 17,558 17,558 17,558 17,558 17,558 18,716 18,836 18,812 20,040
Intangible Assets
5,236 5,409 5,582 5,755 5,928 6,101 6,277 6,520 6,730 6,911 7,523
Other Noncurrent Operating Assets
1,241 593 617 1,092 823 535 560 2,872 2,783 2,686 2,597
Other Noncurrent Nonoperating Assets
1,409 1,390 1,452 1,415 1,383 1,386 1,343 1,355 1,313 1,217 1,205
Total Liabilities & Shareholders' Equity
87,044 82,445 82,351 83,137 82,624 84,641 84,381 82,853 82,982 76,870 81,172
Total Liabilities
59,025 55,935 54,942 55,680 55,560 58,685 58,965 57,066 57,796 52,633 55,572
Total Current Liabilities
37,143 34,261 34,061 32,729 32,784 36,716 36,851 31,306 32,857 28,464 31,330
Short-Term Debt
12 110 111 112 113 119 113 110 97 82 249
Accounts Payable
13,948 13,174 13,338 12,232 12,130 16,420 15,081 9,868 10,781 9,525 9,995
Current Deferred Revenue
869 661 658 597 681 715 2,356 2,373 2,398 478 2,416
Other Current Liabilities
22,314 20,316 19,954 19,788 19,860 19,462 19,301 18,955 19,581 18,379 18,670
Total Noncurrent Liabilities
21,882 21,674 20,881 22,951 22,776 21,969 22,114 25,760 24,939 24,169 24,242
Long-Term Debt
18,308 18,423 17,494 17,516 17,887 17,710 17,888 17,896 18,223 17,938 18,084
Noncurrent Deferred & Payable Income Tax Liabilities
708 684 769 665 734 641 577 495 522 615 480
Other Noncurrent Operating Liabilities
2,866 2,567 2,618 4,770 4,155 3,618 3,649 7,369 6,194 5,616 5,678
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
12 10 13 16 16 19 21 19 20 56 66
Total Equity & Noncontrolling Interests
28,007 26,500 27,396 27,441 27,048 25,937 25,395 25,768 25,166 24,181 25,534
Total Preferred & Common Equity
27,916 26,410 27,307 27,351 26,958 25,840 25,295 25,671 25,042 24,057 25,378
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
27,916 26,410 27,307 27,351 26,958 25,840 25,295 25,671 25,042 24,057 25,378
Common Stock
20,632 20,563 20,523 20,462 20,389 20,305 20,244 20,184 20,122 20,061 19,775
Retained Earnings
16,659 15,348 15,065 14,352 13,206 12,043 11,998 11,529 10,471 9,341 9,554
Treasury Stock
-9,038 -8,997 -8,055 -6,817 -6,007 -5,856 -5,825 -5,044 -4,636 -4,213 -2,557
Accumulated Other Comprehensive Income / (Loss)
-337 -504 -226 -646 -630 -652 -1,122 -998 -915 -1,132 -1,394
Noncontrolling Interest
91 90 89 90 90 97 100 97 124 124 156

Annual Metrics And Ratios for Centene

This table displays calculated financial ratios and metrics derived from Centene's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
5.89% 6.54% 14.74% 13.38% 48.87% 24.16% 24.25% 19.15% 78.41% 37.44%
EBITDA Growth
4.57% 52.02% -7.21% -31.03% 79.08% 24.12% 25.19% 1.23% 88.85% 47.56%
EBIT Growth
8.36% 117.36% -18.75% -46.17% 73.05% 22.15% 21.60% -5.07% 79.15% 51.94%
NOPAT Growth
11.78% 172.20% -38.58% -34.07% 52.41% 37.31% 11.53% 39.87% 68.68% 36.65%
Net Income Growth
22.05% 124.54% -10.03% -25.53% 37.05% 46.42% 10.64% 44.03% 57.14% 35.23%
EPS Growth
27.47% 139.13% -9.21% -26.92% -0.64% 38.94% 10.64% 44.03% 57.14% 28.00%
Operating Cash Flow Growth
-98.09% 28.62% 48.89% -23.59% 271.07% 20.18% -17.13% -19.56% 181.31% -46.20%
Free Cash Flow Firm Growth
-108.07% 55.88% 195.60% 117.78% -2,056.65% 127.43% -290.28% 165.12% -454.97% -30.64%
Invested Capital Growth
47.64% -45.98% -25.67% -2.16% 225.25% 19.58% 177.31% -4.15% 467.44% -9.07%
Revenue Q/Q Growth
0.83% 2.60% 2.11% 3.52% 9.27% 3.19% 6.66% 1.88% 16.03% 7.45%
EBITDA Q/Q Growth
9.09% 1.25% -21.06% 13.54% -1.96% -3.35% 14.75% -17.68% 30.93% 4.08%
EBIT Q/Q Growth
13.15% 3.10% -38.81% 38.71% -7.83% -5.87% 16.55% -22.24% 31.70% 3.98%
NOPAT Q/Q Growth
12.82% 14.53% -52.41% 58.65% -8.06% -3.61% 2.51% -4.54% 36.55% 2.70%
Net Income Q/Q Growth
7.89% 10.57% -40.32% 84.53% -10.97% -2.89% 2.05% -4.27% 35.84% 1.71%
EPS Q/Q Growth
8.79% 10.49% -39.83% 80.95% -10.86% -3.98% 2.05% -4.27% 35.84% -2.37%
Operating Cash Flow Q/Q Growth
-83.92% 28.64% -26.45% -35.42% 194.12% -1.13% -46.76% -43.41% 302.39% -20.44%
Free Cash Flow Firm Q/Q Growth
-318.28% 9.86% -19.01% -44.80% 21.95% 37.09% -251.29% -49.15% 40.01% -27.17%
Invested Capital Q/Q Growth
14.90% 0.81% 4.04% 1.22% -9.11% 30.07% 46.79% 4.96% -32.81% 0.46%
Profitability Metrics
- - - - - - - - - -
Gross Margin
98.33% 97.69% 95.14% 17.85% 19.39% 96.70% 19.42% 17.95% 19.96% 92.88%
EBITDA Margin
2.71% 2.74% 1.92% 2.38% 3.91% 3.25% 3.25% 3.22% 3.79% 3.59%
Operating Margin
1.95% 1.90% 0.91% 1.42% 2.77% 2.39% 2.43% 2.48% 3.11% 3.10%
EBIT Margin
1.95% 1.90% 0.93% 1.32% 2.77% 2.39% 2.43% 2.48% 3.11% 3.10%
Profit (Net Income) Margin
2.02% 1.75% 0.83% 1.06% 1.61% 1.75% 1.49% 1.67% 1.38% 1.57%
Tax Burden Percent
77.38% 75.01% 61.26% 73.69% 64.70% 73.46% 65.35% 71.25% 48.36% 51.22%
Interest Burden Percent
134.08% 122.80% 145.55% 109.28% 89.97% 100.06% 93.83% 94.58% 91.84% 98.87%
Effective Tax Rate
22.62% 24.99% 38.74% 26.31% 35.30% 26.54% 34.65% 28.75% 51.64% 48.64%
Return on Invested Capital (ROIC)
30.71% 23.86% 5.76% 8.08% 18.54% 28.18% 33.12% 54.83% 105.49% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
26.12% 20.71% 2.36% 7.87% 20.88% 28.17% 34.09% 55.78% 106.87% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-18.15% -13.11% -1.07% -3.04% -9.26% -17.14% -23.13% -42.34% -92.10% 0.00%
Return on Equity (ROE)
12.56% 10.75% 4.69% 5.04% 9.28% 11.04% 9.99% 12.50% 13.39% 16.94%
Cash Return on Invested Capital (CROIC)
-7.77% 83.57% 35.21% 10.27% -87.39% 10.34% -60.87% 59.07% -88.82% 0.00%
Operating Return on Assets (OROA)
3.80% 3.63% 1.74% 2.26% 5.62% 4.95% 5.53% 5.70% 9.17% 10.71%
Return on Assets (ROA)
3.94% 3.34% 1.55% 1.82% 3.27% 3.64% 3.39% 3.84% 4.07% 5.42%
Return on Common Equity (ROCE)
12.51% 10.69% 4.65% 5.00% 9.20% 10.92% 9.92% 12.32% 12.87% 15.68%
Return on Equity Simple (ROE_SIMPLE)
12.47% 10.45% 5.00% 4.99% 6.96% 10.43% 8.19% 11.80% 9.52% 16.55%
Net Operating Profit after Tax (NOPAT)
2,457 2,198 807 1,315 1,994 1,308 953 854 611 362
NOPAT Margin
1.51% 1.43% 0.56% 1.04% 1.79% 1.75% 1.59% 1.77% 1.50% 1.59%
Net Nonoperating Expense Percent (NNEP)
4.59% 3.15% 3.40% 0.21% -2.33% 0.01% -0.97% -0.94% -1.38% -0.20%
Return On Investment Capital (ROIC_SIMPLE)
5.46% 5.02% 1.91% - - - - - - -
Cost of Revenue to Revenue
1.67% 2.31% 4.86% 82.15% 80.61% 3.30% 80.58% 82.05% 80.04% 7.12%
SG&A Expenses to Revenue
7.60% 8.16% 8.02% 7.62% 8.44% 8.75% 10.05% 9.19% 9.05% 7.92%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
96.38% 95.78% 94.22% 16.43% 16.62% 94.31% 16.99% 15.47% 16.85% 89.78%
Earnings before Interest and Taxes (EBIT)
3,175 2,930 1,348 1,659 3,082 1,781 1,458 1,199 1,263 705
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
4,416 4,223 2,778 2,994 4,341 2,424 1,953 1,560 1,541 816
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.16 1.53 1.93 1.79 1.35 2.07 2.17 2.54 1.64 3.64
Price to Tangible Book Value (P/TBV)
8.88 18.18 0.00 0.00 0.00 7.18 14.24 24.76 0.00 6.76
Price to Revenue (P/Rev)
0.19 0.26 0.32 0.38 0.31 0.35 0.39 0.36 0.24 0.34
Price to Earnings (P/E)
9.25 14.67 38.63 35.69 19.25 19.69 26.31 21.02 17.18 22.10
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
10.81% 6.82% 2.59% 2.80% 5.19% 5.08% 3.80% 4.76% 5.82% 4.53%
Enterprise Value to Invested Capital (EV/IC)
1.58 3.35 2.97 2.39 1.61 3.79 4.15 8.01 3.45 0.00
Enterprise Value to Revenue (EV/Rev)
0.09 0.14 0.25 0.31 0.24 0.26 0.29 0.25 0.14 0.24
Enterprise Value to EBITDA (EV/EBITDA)
3.42 5.13 12.80 12.84 6.11 7.91 8.98 7.83 3.56 6.58
Enterprise Value to EBIT (EV/EBIT)
4.76 7.39 26.38 23.17 8.61 10.77 12.03 10.19 4.35 7.62
Enterprise Value to NOPAT (EV/NOPAT)
6.15 9.85 44.04 29.24 13.31 14.66 18.41 14.30 8.99 14.83
Enterprise Value to Operating Cash Flow (EV/OCF)
98.08 2.69 5.68 9.14 4.82 12.93 14.22 8.21 2.97 8.16
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 2.81 7.20 23.01 0.00 39.93 0.00 13.28 0.00 13.49
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.70 0.69 0.74 0.70 0.65 1.08 0.61 0.68 0.77 0.53
Long-Term Debt to Equity
0.69 0.68 0.74 0.69 0.64 1.07 0.60 0.68 0.77 0.52
Financial Leverage
-0.70 -0.63 -0.45 -0.39 -0.44 -0.61 -0.68 -0.76 -0.86 -1.20
Leverage Ratio
3.18 3.22 3.03 2.78 2.84 3.03 2.95 3.25 3.29 3.12
Compound Leverage Factor
4.27 3.95 4.41 3.03 2.55 3.03 2.77 3.08 3.02 3.09
Debt to Total Capital
41.15% 40.72% 42.64% 41.08% 39.26% 51.96% 37.75% 40.60% 43.47% 34.44%
Short-Term Debt to Total Capital
0.24% 0.27% 0.19% 0.58% 0.23% 0.33% 0.21% 0.03% 0.04% 0.14%
Long-Term Debt to Total Capital
40.90% 40.45% 42.45% 40.50% 39.03% 51.62% 37.54% 40.56% 43.43% 34.30%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.22% 0.26% 0.43% 0.50% 0.44% 0.53% 0.60% 0.22% 1.48% 4.71%
Common Equity to Total Capital
58.63% 59.02% 56.93% 58.43% 60.30% 47.51% 61.65% 59.18% 55.05% 60.85%
Debt to EBITDA
4.20 4.22 6.49 6.29 3.87 5.66 3.42 3.01 3.02 1.50
Net Debt to EBITDA
-3.53 -4.29 -3.98 -3.29 -1.95 -2.88 -3.19 -3.34 -2.81 -3.24
Long-Term Debt to EBITDA
4.17 4.19 6.46 6.20 3.84 5.63 3.40 3.01 3.02 1.49
Debt to NOPAT
7.54 8.11 22.32 14.33 8.42 10.49 7.02 5.50 7.62 3.37
Net Debt to NOPAT
-6.34 -8.24 -13.70 -7.50 -4.24 -5.33 -6.55 -6.11 -7.08 -7.30
Long-Term Debt to NOPAT
7.50 8.06 22.22 14.13 8.37 10.42 6.98 5.50 7.61 3.36
Altman Z-Score
2.75 2.60 2.66 2.43 2.42 2.90 2.98 3.23 2.74 4.61
Noncontrolling Interest Sharing Ratio
0.41% 0.59% 0.79% 0.79% 0.85% 1.04% 0.74% 1.43% 3.89% 7.45%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.11 1.11 1.06 1.11 1.08 1.57 1.00 0.93 0.97 0.99
Quick Ratio
1.06 0.96 0.97 1.04 1.02 1.49 0.94 0.86 0.89 0.89
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-621 7,698 4,938 1,671 -9,397 480 -1,751 920 -1,413 398
Operating Cash Flow to CapEx
23.91% 1,007.88% 623.61% 462.09% 633.26% 203.15% 182.81% 352.84% 604.90% 438.67%
Free Cash Flow to Firm to Interest Expense
-0.88 10.62 7.43 2.51 -11.91 1.09 -5.11 3.61 -6.51 9.26
Operating Cash Flow to Interest Expense
0.22 11.11 9.42 6.32 6.97 3.36 3.60 5.84 8.53 15.30
Operating Cash Flow Less CapEx to Interest Expense
-0.70 10.01 7.91 4.95 5.87 1.70 1.63 4.18 7.12 11.81
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.95 1.91 1.86 1.71 2.03 2.08 2.28 2.30 2.95 3.46
Accounts Receivable Turnover
9.25 10.69 11.33 11.49 13.94 13.10 14.04 14.60 18.07 20.78
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
79.82 69.20 49.65 40.87 45.40 39.01 42.79 50.90 61.76 47.27
Accounts Payable Turnover
0.18 0.27 0.78 13.30 15.95 0.60 11.79 10.01 13.72 1.86
Days Sales Outstanding (DSO)
39.44 34.13 32.21 31.77 26.19 27.87 26.00 25.00 20.20 17.57
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
1,979.08 1,328.55 467.62 27.44 22.89 608.21 30.95 36.45 26.61 196.35
Cash Conversion Cycle (CCC)
-1,939.63 -1,294.42 -435.41 4.33 3.30 -580.34 -4.96 -11.45 -6.41 -178.78
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
9,539 6,461 11,961 16,092 16,448 5,057 4,229 1,525 1,591 -433
Invested Capital Turnover
20.38 16.72 10.31 7.74 10.33 16.08 20.90 31.05 70.13 -54.84
Increase / (Decrease) in Invested Capital
3,078 -5,500 -4,131 -356 11,391 828 2,704 -66 2,024 -36
Enterprise Value (EV)
15,104 21,650 35,560 38,446 26,540 19,179 17,544 12,219 5,491 5,370
Market Capitalization
30,585 39,643 46,439 48,081 34,805 26,015 23,677 17,409 9,657 7,845
Book Value per Share
$52.31 $48.37 $42.48 $45.92 $44.45 $30.33 $53.16 $39.69 $34.50 $18.10
Tangible Book Value per Share
$6.82 $4.08 ($2.94) ($1.37) ($2.19) $8.76 $8.10 $4.07 ($2.12) $9.73
Total Capital
45,043 43,785 42,257 45,860 42,741 26,418 17,709 11,575 10,709 3,545
Total Debt
18,533 17,829 18,020 18,838 16,779 13,726 6,686 4,699 4,655 1,221
Total Long-Term Debt
18,423 17,710 17,938 18,571 16,682 13,638 6,648 4,695 4,651 1,216
Net Debt
-15,581 -18,109 -11,059 -9,862 -8,454 -6,977 -6,239 -5,216 -4,325 -2,642
Capital Expenditures (CapEx)
644 799 1,004 910 869 730 675 422 306 150
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-12,837 -15,493 -12,649 -11,658 -10,475 -5,507 -5,999 -5,228 -4,689 -1,955
Debt-free Net Working Capital (DFNWC)
3,848 4,159 1,746 2,999 1,905 7,479 65 -625 -254 -19
Net Working Capital (NWC)
3,738 4,040 1,664 2,732 1,808 7,391 27 -629 -258 -24
Net Nonoperating Expense (NNE)
-837 -501 -395 -21 200 -0.73 59 46 50 5.11
Net Nonoperating Obligations (NNO)
-16,971 -19,495 -12,276 -10,930 -9,514 -7,635 -6,794 -5,351 -4,463 -2,757
Total Depreciation and Amortization (D&A)
1,241 1,293 1,430 1,335 1,259 643 495 361 278 111
Debt-free, Cash-free Net Working Capital to Revenue
-7.87% -10.06% -8.75% -9.25% -9.43% -7.38% -9.98% -10.81% -11.55% -8.59%
Debt-free Net Working Capital to Revenue
2.36% 2.70% 1.21% 2.38% 1.71% 10.02% 0.11% -1.29% -0.63% -0.08%
Net Working Capital to Revenue
2.29% 2.62% 1.15% 2.17% 1.63% 9.90% 0.04% -1.30% -0.64% -0.11%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$6.33 $4.97 $2.09 $2.31 $3.17 $3.19 $2.31 $2.40 $1.76 $1.49
Adjusted Weighted Average Basic Shares Outstanding
521.79M 543.32M 575.19M 582.83M 570.72M 413.49M 413.17M 346.99M 319.14M 238.20M
Adjusted Diluted Earnings per Share
$6.31 $4.95 $2.07 $2.28 $3.12 $3.14 $2.26 $2.35 $1.72 $1.44
Adjusted Weighted Average Diluted Shares Outstanding
523.74M 545.70M 582.04M 590.52M 579.14M 420.41M 413.17M 346.99M 327.95M 246.13M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
496.04M 534.86M 551.26M 582.87M 581.59M 586.77M 413.17M 346.99M 344.06M 243.31M
Normalized Net Operating Profit after Tax (NOPAT)
2,467 2,595 2,228 2,405 2,040 1,507 953 854 884 362
Normalized NOPAT Margin
1.51% 1.68% 1.54% 1.91% 1.84% 2.02% 1.59% 1.77% 2.18% 1.59%
Pre Tax Income Margin
2.61% 2.34% 1.36% 1.44% 2.50% 2.39% 2.28% 2.34% 2.86% 3.06%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
4.52 4.04 2.03 2.49 3.91 4.03 4.25 4.70 5.82 16.40
NOPAT to Interest Expense
3.50 3.03 1.21 1.98 2.53 2.96 2.78 3.35 2.81 8.42
EBIT Less CapEx to Interest Expense
3.61 2.94 0.52 1.13 2.80 2.38 2.28 3.05 4.41 12.91
NOPAT Less CapEx to Interest Expense
2.58 1.93 -0.30 0.61 1.43 1.31 0.81 1.70 1.40 4.93
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 3.26% 0.00% 0.00% 0.00% 0.00% 0.00% 8.17% 2.50% 0.00%
Augmented Payout Ratio
94.84% 63.76% 257.57% 22.23% 34.89% 5.73% 7.94% 16.21% 13.73% 14.85%

Quarterly Metrics And Ratios for Centene

This table displays calculated financial ratios and metrics derived from Centene's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
15.38% 3.41% 10.46% 5.92% 3.90% 10.96% 6.07% 4.65% 4.58% 9.19% 10.67%
EBITDA Growth
30.69% 304.13% -8.00% 2.61% -8.36% 75.36% 25.50% 605.66% -6.09% -91.79% 0.00%
EBIT Growth
38.70% 190.21% -9.52% 4.95% -9.20% 31.21% 51.23% 1,109.48% -2.79% -146.77% 4.29%
NOPAT Growth
32.77% 144.79% 12.77% 6.41% -12.13% -120.93% 30.22% 1,066.86% 6.40% 192.35% -20.62%
Net Income Growth
13.47% 617.95% 49.47% 8.63% 2.48% 117.81% -35.81% 716.96% 32.63% -136.93% 27.37%
EPS Growth
21.76% 425.00% 56.32% 12.50% 5.88% 134.29% -31.50% 762.07% 41.67% -134.31% 28.28%
Operating Cash Flow Growth
431.14% -370.51% -195.79% -14.57% -110.68% 113.77% -69.36% -24.09% 270.89% -333.48% 84.91%
Free Cash Flow Firm Growth
-140.76% -156.64% -124.90% -85.84% -83.95% -8.03% 16.68% 1,862.36% 2,244.36% 547.04% 80.08%
Invested Capital Growth
24.70% 47.64% 29.54% -5.21% -10.20% -45.98% -44.26% -54.27% -53.79% -25.67% -27.68%
Revenue Q/Q Growth
14.25% -2.90% 5.49% -1.41% 2.40% 3.73% 1.15% -3.29% 9.36% -0.85% -0.20%
EBITDA Q/Q Growth
277.91% -50.00% -36.29% 8.56% 1,068.60% -88.62% -28.94% -3.05% 2,136.23% -91.85% 299.53%
EBIT Q/Q Growth
776.57% -73.68% -45.89% 11.12% 670.10% -126.39% -37.23% -3.86% 531.91% -158.02% 518.97%
NOPAT Q/Q Growth
717.54% -72.45% -44.82% 6.85% 375.81% -169.35% -47.93% -11.76% -34.31% 331.48% 486.60%
Net Income Q/Q Growth
369.29% -60.56% -38.05% -1.04% 2,869.23% -91.79% -54.98% -6.64% 615.98% -129.59% 532.75%
EPS Q/Q Growth
317.46% -53.68% -37.04% 0.00% 1,700.00% -86.21% -54.69% -5.88% 682.86% -127.56% 537.93%
Operating Cash Flow Q/Q Growth
357.24% 39.98% -144.97% 576.97% -310.14% -78.75% -59.90% -40.36% 370.88% -147.30% -0.66%
Free Cash Flow Firm Q/Q Growth
76.08% -112.76% -206.92% -25.09% -66.76% -6.46% -39.22% -15.06% 90.44% 18.68% 922.19%
Invested Capital Q/Q Growth
-1.72% 14.90% 26.06% -12.40% 16.36% 0.81% -7.76% -17.01% -30.01% 4.04% -24.33%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
98.50% 174.12% 98.35% 98.29% 21.79% 97.56% 97.75% 97.67% 97.76% 330.27% 17.24%
EBITDA Margin
3.96% 1.20% 2.33% 3.85% 3.50% 0.31% 2.79% 3.98% 3.97% 0.19% 2.36%
Operating Margin
3.29% 0.43% 1.58% 3.09% 2.74% -0.49% 1.93% 3.11% 3.13% -0.79% 1.33%
EBIT Margin
3.29% 0.43% 1.58% 3.09% 2.74% -0.49% 1.93% 3.11% 3.13% -0.79% 1.36%
Profit (Net Income) Margin
2.82% 0.69% 1.69% 2.88% 2.87% 0.10% 1.25% 2.81% 2.91% -0.62% 2.06%
Tax Burden Percent
75.26% 80.69% 77.09% 75.59% 78.62% 162.50% 61.85% 74.56% 81.24% -534.15% 73.34%
Interest Burden Percent
113.82% 198.29% 138.50% 123.35% 133.18% -12.37% 104.49% 120.84% 114.20% -14.54% 207.61%
Effective Tax Rate
24.74% 19.31% 22.91% 24.41% 21.38% -62.50% 38.15% 25.44% 18.76% 634.15% 26.66%
Return on Invested Capital (ROIC)
49.63% 7.05% 26.82% 54.37% 42.12% -13.36% 20.03% 31.02% 28.09% 43.65% 10.06%
ROIC Less NNEP Spread (ROIC-NNEP)
48.79% 6.29% 25.79% 53.27% 40.53% -15.59% 19.91% 29.81% 27.02% 58.52% 6.92%
Return on Net Nonoperating Assets (RNNOA)
-33.83% -4.37% -18.61% -39.73% -28.21% 9.87% -12.92% -17.20% -13.42% -26.49% -3.29%
Return on Equity (ROE)
15.80% 2.68% 8.22% 14.63% 13.91% -3.49% 7.11% 13.81% 14.68% 17.16% 6.77%
Cash Return on Invested Capital (CROIC)
10.50% -7.77% 3.87% 37.03% 37.03% 83.57% 78.26% 90.86% 80.08% 35.21% 44.52%
Operating Return on Assets (OROA)
6.57% 0.84% 3.07% 5.86% 5.14% -0.94% 3.50% 5.62% 5.52% -1.48% 2.41%
Return on Assets (ROA)
5.62% 1.34% 3.28% 5.47% 5.38% 0.19% 2.26% 5.06% 5.12% -1.15% 3.68%
Return on Common Equity (ROCE)
15.74% 2.67% 8.18% 14.57% 13.85% -3.47% 7.06% 13.71% 14.57% 17.02% 6.71%
Return on Equity Simple (ROE_SIMPLE)
12.36% 0.00% 11.18% 10.30% 10.12% 0.00% 9.65% 10.54% 5.91% 0.00% 7.94%
Net Operating Profit after Tax (NOPAT)
1,154 141 513 929 869 -315 455 873 989 1,506 349
NOPAT Margin
2.48% 0.35% 1.22% 2.33% 2.15% -0.80% 1.20% 2.32% 2.54% 4.24% 0.97%
Net Nonoperating Expense Percent (NNEP)
0.84% 0.76% 1.04% 1.09% 1.59% 2.23% 0.12% 1.20% 1.08% -14.87% 3.14%
Return On Investment Capital (ROIC_SIMPLE)
2.49% 0.31% - - - -0.72% - - - 3.57% -
Cost of Revenue to Revenue
1.50% -74.12% 1.65% 1.71% 78.21% 2.44% 2.25% 2.33% 2.24% -230.27% 82.76%
SG&A Expenses to Revenue
7.19% 7.92% 7.27% 7.26% 7.96% 8.84% 8.01% 8.02% 7.74% 8.99% 7.94%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
95.21% 173.69% 96.77% 95.21% 19.06% 98.06% 95.82% 94.55% 94.63% 331.06% 15.91%
Earnings before Interest and Taxes (EBIT)
1,534 175 665 1,229 1,106 -194 735 1,171 1,218 -282 486
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,848 489 978 1,535 1,414 121 1,063 1,496 1,543 69 847
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.08 1.16 1.45 1.29 1.56 1.53 1.47 1.44 1.39 1.93 1.78
Price to Tangible Book Value (P/TBV)
5.88 8.88 9.50 8.76 12.07 18.18 25.55 85.09 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.18 0.19 0.24 0.22 0.27 0.26 0.25 0.25 0.24 0.32 0.32
Price to Earnings (P/E)
8.72 9.25 12.91 12.53 15.33 14.67 15.26 13.64 23.50 38.63 22.41
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
11.47% 10.81% 7.75% 7.98% 6.52% 6.82% 6.55% 7.33% 4.26% 2.59% 4.46%
Enterprise Value to Invested Capital (EV/IC)
1.38 1.58 2.66 2.43 3.17 3.35 3.08 2.83 2.33 2.97 2.82
Enterprise Value to Revenue (EV/Rev)
0.08 0.09 0.14 0.10 0.15 0.14 0.13 0.13 0.13 0.25 0.23
Enterprise Value to EBITDA (EV/EBITDA)
2.68 3.42 5.45 3.88 5.83 5.13 4.74 4.98 7.36 12.80 9.22
Enterprise Value to EBIT (EV/EBIT)
3.60 4.76 7.86 5.57 8.47 7.39 6.95 7.61 15.19 26.38 14.73
Enterprise Value to NOPAT (EV/NOPAT)
4.73 6.15 10.12 7.48 11.43 9.85 10.29 10.84 22.63 44.04 19.13
Enterprise Value to Operating Cash Flow (EV/OCF)
6.12 98.08 23.01 5.42 7.17 2.69 3.16 2.29 2.08 5.68 3.81
Enterprise Value to Free Cash Flow (EV/FCFF)
14.64 0.00 77.46 6.40 8.11 2.81 2.82 1.95 1.84 7.20 5.32
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.65 0.70 0.64 0.64 0.67 0.69 0.71 0.70 0.73 0.74 0.72
Long-Term Debt to Equity
0.65 0.69 0.64 0.64 0.66 0.68 0.70 0.69 0.72 0.74 0.71
Financial Leverage
-0.69 -0.70 -0.72 -0.75 -0.70 -0.63 -0.65 -0.58 -0.50 -0.45 -0.48
Leverage Ratio
3.08 3.18 3.16 3.12 3.17 3.22 3.25 3.13 3.15 3.03 3.04
Compound Leverage Factor
3.51 6.31 4.37 3.85 4.22 -0.40 3.39 3.78 3.60 -0.44 6.31
Debt to Total Capital
39.53% 41.15% 39.11% 39.10% 39.94% 40.72% 41.46% 41.12% 42.11% 42.64% 41.73%
Short-Term Debt to Total Capital
0.03% 0.24% 0.25% 0.25% 0.25% 0.27% 0.26% 0.25% 0.22% 0.19% 0.57%
Long-Term Debt to Total Capital
39.51% 40.90% 38.86% 38.85% 39.69% 40.45% 41.20% 40.87% 41.89% 42.45% 41.16%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.22% 0.22% 0.23% 0.24% 0.24% 0.26% 0.28% 0.26% 0.33% 0.43% 0.51%
Common Equity to Total Capital
60.24% 58.63% 60.66% 60.67% 59.82% 59.02% 58.26% 58.62% 57.56% 56.93% 57.77%
Debt to EBITDA
3.78 4.20 4.35 4.27 4.40 4.22 4.32 4.56 6.92 6.49 5.21
Net Debt to EBITDA
-3.55 -3.53 -4.36 -4.71 -4.44 -4.29 -4.24 -4.43 -5.85 -3.98 -3.67
Long-Term Debt to EBITDA
3.77 4.17 4.32 4.24 4.37 4.19 4.29 4.54 6.88 6.46 5.14
Debt to NOPAT
6.68 7.54 8.08 8.22 8.62 8.11 9.38 9.93 21.27 22.32 10.81
Net Debt to NOPAT
-6.28 -6.34 -8.11 -9.08 -8.70 -8.24 -9.20 -9.65 -18.00 -13.70 -7.60
Long-Term Debt to NOPAT
6.67 7.50 8.03 8.17 8.57 8.06 9.32 9.87 21.16 22.22 10.66
Altman Z-Score
2.63 2.63 2.73 2.65 2.69 2.47 2.45 2.47 2.38 2.59 2.44
Noncontrolling Interest Sharing Ratio
0.38% 0.41% 0.42% 0.42% 0.48% 0.59% 0.67% 0.75% 0.77% 0.79% 0.82%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.11 1.11 1.10 1.17 1.17 1.11 1.12 1.11 1.07 1.06 1.06
Quick Ratio
1.07 1.06 1.05 1.12 1.11 0.96 0.98 1.05 1.01 0.97 0.99
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-703 -2,937 -1,380 1,291 1,723 5,185 5,543 9,119 10,735 5,637 4,750
Operating Cash Flow to CapEx
1,118.52% -381.17% -639.22% 1,169.35% -301.99% 97.31% 750.74% 1,184.19% 1,897.33% -676.39% 1,348.99%
Free Cash Flow to Firm to Interest Expense
-4.13 -17.07 -7.84 7.34 9.68 28.33 30.62 50.38 59.64 31.85 28.11
Operating Cash Flow to Interest Expense
8.88 -3.41 -5.56 12.36 -2.56 1.19 5.64 14.07 23.72 -8.90 19.72
Operating Cash Flow Less CapEx to Interest Expense
8.09 -4.31 -6.43 11.30 -3.41 -0.03 4.89 12.88 22.47 -10.22 18.25
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
2.00 1.95 1.94 1.90 1.88 1.91 1.81 1.80 1.76 1.86 1.78
Accounts Receivable Turnover
8.62 9.25 9.57 10.45 9.71 10.69 10.26 10.66 9.32 11.33 11.20
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
83.97 79.82 79.94 70.79 69.64 69.20 66.96 59.49 48.26 49.65 48.97
Accounts Payable Turnover
0.21 0.18 10.76 13.85 13.37 0.27 2.57 6.37 8.63 0.78 12.80
Days Sales Outstanding (DSO)
42.33 39.44 38.12 34.93 37.59 34.13 35.59 34.24 39.16 32.21 32.60
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
1,725.61 1,979.08 33.94 26.36 27.29 1,328.55 141.92 57.29 42.28 467.62 28.53
Cash Conversion Cycle (CCC)
-1,683.29 -1,939.63 4.19 8.56 10.30 -1,294.42 -106.33 -23.05 -3.13 -435.41 4.07
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
9,375 9,539 8,302 6,586 7,518 6,461 6,409 6,948 8,372 11,961 11,497
Invested Capital Turnover
20.04 20.38 21.99 23.31 19.57 16.72 16.77 13.36 11.04 10.31 10.33
Increase / (Decrease) in Invested Capital
1,857 3,078 1,893 -362 -854 -5,500 -5,088 -8,246 -9,746 -4,131 -4,401
Enterprise Value (EV)
12,983 15,104 22,047 16,031 23,867 21,650 19,754 19,646 19,488 35,560 32,459
Market Capitalization
30,115 30,585 39,600 35,381 41,924 39,643 37,297 37,014 34,845 46,439 45,135
Book Value per Share
$56.28 $52.31 $51.91 $51.25 $50.38 $48.37 $46.71 $46.78 $45.43 $42.48 $43.75
Tangible Book Value per Share
$10.33 $6.82 $7.92 $7.57 $6.49 $4.08 $2.70 $0.79 ($0.95) ($2.94) ($3.77)
Total Capital
46,339 45,043 45,014 45,085 45,064 43,785 43,417 43,793 43,506 42,257 43,933
Total Debt
18,320 18,533 17,605 17,628 18,000 17,829 18,001 18,006 18,320 18,020 18,333
Total Long-Term Debt
18,308 18,423 17,494 17,516 17,887 17,710 17,888 17,896 18,223 17,938 18,084
Net Debt
-17,235 -15,581 -17,655 -19,456 -18,163 -18,109 -17,664 -17,484 -15,501 -11,059 -12,898
Capital Expenditures (CapEx)
135 154 153 186 151 223 136 215 225 233 247
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-13,130 -12,837 -14,110 -14,425 -13,890 -15,493 -15,764 -15,712 -15,739 -12,649 -14,984
Debt-free Net Working Capital (DFNWC)
4,157 3,848 3,459 5,789 5,777 4,159 4,667 3,670 2,249 1,746 2,194
Net Working Capital (NWC)
4,145 3,738 3,348 5,677 5,664 4,040 4,554 3,560 2,152 1,664 1,945
Net Nonoperating Expense (NNE)
-160 -139 -197 -217 -289 -354 -20 -182 -141 1,725 -391
Net Nonoperating Obligations (NNO)
-18,644 -16,971 -19,107 -20,871 -19,546 -19,495 -19,007 -18,839 -16,814 -12,276 -14,103
Total Depreciation and Amortization (D&A)
314 314 313 306 308 315 328 325 325 351 361
Debt-free, Cash-free Net Working Capital to Revenue
-7.76% -7.87% -8.72% -9.14% -8.93% -10.06% -10.50% -10.62% -10.76% -8.75% -10.59%
Debt-free Net Working Capital to Revenue
2.46% 2.36% 2.14% 3.67% 3.71% 2.70% 3.11% 2.48% 1.54% 1.21% 1.55%
Net Working Capital to Revenue
2.45% 2.29% 2.07% 3.60% 3.64% 2.62% 3.03% 2.41% 1.47% 1.15% 1.37%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.64 $0.63 $1.37 $2.16 $2.17 $0.12 $0.87 $1.93 $2.05 ($0.37) $1.29
Adjusted Weighted Average Basic Shares Outstanding
496.21M 521.79M 521.97M 529.60M 535.11M 543.32M 539.54M 548.93M 550.78M 575.19M 573.96M
Adjusted Diluted Earnings per Share
$2.63 $0.63 $1.36 $2.16 $2.16 $0.12 $0.87 $1.92 $2.04 ($0.35) $1.27
Adjusted Weighted Average Diluted Shares Outstanding
498.18M 523.74M 523.54M 530.76M 538.06M 545.70M 541.27M 550.31M 553.85M 582.04M 580.61M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
497.60M 496.04M 504.87M 526.03M 533.66M 534.86M 534.20M 541.48M 548.77M 551.26M 566.26M
Normalized Net Operating Profit after Tax (NOPAT)
1,154 141 513 929 880 -100 727 886 1,006 208 561
Normalized NOPAT Margin
2.48% 0.35% 1.22% 2.33% 2.18% -0.25% 1.91% 2.36% 2.59% 0.58% 1.56%
Pre Tax Income Margin
3.75% 0.85% 2.19% 3.81% 3.65% 0.06% 2.02% 3.76% 3.58% 0.12% 2.81%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
9.02 1.02 3.78 6.98 6.21 -1.06 4.06 6.47 6.77 -1.59 2.88
NOPAT to Interest Expense
6.79 0.82 2.91 5.28 4.88 -1.72 2.51 4.82 5.50 8.51 2.07
EBIT Less CapEx to Interest Expense
8.23 0.12 2.91 5.93 5.37 -2.28 3.31 5.28 5.52 -2.91 1.41
NOPAT Less CapEx to Interest Expense
6.00 -0.07 2.04 4.22 4.04 -2.94 1.76 3.64 4.25 7.19 0.60
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.03% 0.11% 1.10% 3.26% 3.56% 3.14% 3.92% 0.00% 0.00%
Augmented Payout Ratio
87.36% 94.84% 72.49% 62.53% 51.01% 63.76% 127.90% 132.63% 236.89% 257.57% 94.89%

Frequently Asked Questions About Centene's Financials

When does Centene's financial year end?

According to the most recent income statement we have on file, Centene's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Centene's net income changed over the last 9 years?

Centene's net income appears to be on an upward trend, with a most recent value of $3.29 billion in 2024, rising from $357 million in 2015. The previous period was $2.70 billion in 2023. See where experts think Centene is headed by visiting Centene's forecast page.

What is Centene's operating income?
Centene's total operating income in 2024 was $3.18 billion, based on the following breakdown:
  • Total Gross Profit: $160.34 billion
  • Total Operating Expenses: $157.17 billion
How has Centene revenue changed over the last 9 years?

Over the last 9 years, Centene's total revenue changed from $22.76 billion in 2015 to $163.07 billion in 2024, a change of 616.5%.

How much debt does Centene have?

Centene's total liabilities were at $55.94 billion at the end of 2024, a 4.7% decrease from 2023, and a 1,015.4% increase since 2015.

How much cash does Centene have?

In the past 9 years, Centene's cash and equivalents has ranged from $1.76 billion in 2015 to $17.19 billion in 2023, and is currently $14.06 billion as of their latest financial filing in 2024.

How has Centene's book value per share changed over the last 9 years?

Over the last 9 years, Centene's book value per share changed from 18.10 in 2015 to 52.31 in 2024, a change of 189.1%.



This page (NYSE:CNC) was last updated on 5/29/2025 by MarketBeat.com Staff
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