Revenue segments as reported by the company.

Premium and service revenues

Premium tax

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

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Amortization of acquired intangible assets

Premium tax expense

Health insurer fee expense

Impairment

Legal settlement

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Centene

Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Managed Care and Specialty Services. The Medicaid Managed Care segment provides health plan coverage to individuals through government subsidized programs through Medicaid. The Specialty Services segment offers healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company was founded in 1984 and is headquartered in St. Louis, MO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Centene exceeds earnings guidance, eyes growth in Marketplace products

Centene's Q4 2022 earnings call highlighted robust financial performance, successful execution of value-creation plans, and a focus on operational efficiency. While challenges in Medicare Advantage margins are anticipated, opportunities in the Marketplace business and cost-cutting initiatives offer avenues for growth. Strategic initiatives to address demographic shifts and enhance care relationships position Centene for future success.

Centene reports strong Q1 earnings, focuses on growth opportunities

Centene's Q1 performance reflects strength in financial results and a strategic outlook for future growth.
Despite challenges in Medicare profitability and Medicaid redeterminations, Centene remains focused on maximizing membership and maintaining high margins.
Opportunities in enhancing relationships, investing in infrastructure, and updating margin assumptions position Centene for long-term success.

Centene reports strong Q2 earnings, raises 2023 outlook amidst challenges

Centene's Q2 earnings call showcased robust financial performance, operational efficiencies, and strategic wins in Medicaid and Marketplace segments. While facing challenges in cost trends and Star ratings strategy, the company is well-positioned for growth through revenue expansion and value-creation initiatives. Opportunities for engagement with key stakeholders and successful outreach efforts present avenues for continued success.

Centene exceeds Q3 earnings expectations, eyes growth opportunities in 2024

Centene's Q3 2023 earnings call highlighted strong financial performance, progress in Medicaid redeterminations, and operational advancements. The company anticipates continued growth in adjusted EPS for 2023 and 2024, with a focus on margin expansion and operational efficiencies. Challenges include managing membership declines and addressing questions on business plans and cost implications.

Centene exceeds 2023 expectations, poised for growth in 2024

Centene's 2023 performance was strong, exceeding expectations and positioning the company for continued growth. Key initiatives in Medicaid, Medicare Advantage, and Marketplace are driving revenue growth and operational efficiency. Challenges in managing utilization trends and achieving target margins require ongoing attention.

Centene surpasses Q1 earnings expectations, eyes growth in Medicaid and Marketplace

Centene's Q1 performance exceeded expectations, showcasing strength in Medicaid and Marketplace segments.
While facing challenges in contract protests and operational clarity, the company's strategic focus on Medicare Advantage and growth opportunities remain key strengths.
With a robust financial outlook and ongoing initiatives for optimization, Centene is well-positioned for continued success in the healthcare market.
Investors can be optimistic about Centene's growth trajectory, supported by strong operational performance and strategic initiatives.

Centene reports robust Q2 earnings, eyes Medicaid rebound and Medicare growth

Centene's Q2 2024 earnings call highlighted strong performance, Medicaid challenges, and growth opportunities in Medicaid and Medicare markets. Leadership transitions and focus on program innovation are key areas of development for the company.

Centene surpasses Q3 earnings expectations, eyes growth amid challenges

Centene's Q3 performance exceeded expectations, driven by improvements in Medicaid and strong Medicare and Marketplace segments.
Despite challenges in Medicaid and competitive pressures, Centene remains confident in its future growth and operational enhancements.
The company's strategic focus on AI, margin expansion, and quality improvement positions it well for continued success and profitability.
Analyst inquiries and company responses highlighted key areas of focus and potential areas for improvement and growth.

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Cost of revenue

Gross profit

Operating expenses

SG&A

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Operating income

EBITDA

Net income

Earnings per share

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Net PPE

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Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

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Change in working capital

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Change in stock

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Cash from other sources

Net change in cash

Free cash flow

Centene Corp. is a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment includes the Temporary Assistance for Needy Families program, Medicaid Expansion programs, the Aged, Blind or Disabled program, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans, which cover beneficiaries who are dually eligible for Medicaid and Medicare, and other state-based programs. The Medicare segment consists of Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans, and Medicare Prescription Drug Plans. The Commercial segment is involved in the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products. The Other segment refers to pharmacy operations, Envolve Benefit Options’ vision and dental services, clinical healthcare, behavioral health, international operations, and corporate management companies. The company was founded in 1984 and is headquartered in St. Louis, MO.

HF Sinclair Corp

Paysafe

Select Medical Holdings

The P/B ratio helps to identify low-priced stocks that have high growth prospects. Select Medical Holdings Corporation (SEM), PVH Corp. (PVH), Centene (CNC), Paysafe Limited (PSFE) and HF Sinclair Corporation (DINO) are some such stocks.

5 Low Price-to-Book Stocks to Buy in November

Hibbett Sports

Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Select Medical (SEM), Hibbett (HIBB), PVH Corp. (PVH) and Centene Corporation (CNC) boast low P/CF ratios.

Give Your Investments a Boost With These 4 Low P/CF Stocks

Ambetter of Alabama offers Alabama residents a variety of affordable plans during Open Enrollment beginning Nov. 1   HUNTSVILLE, Ala. , Nov. 2, 2023 /PRNewswire/ --  Ambetter of Alabama , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 39 counties in Alabama for 2024.

Ambetter of Alabama Expands Health Insurance Offering to 39 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter from WellCare of New Jersey offers New Jersey residents a variety of affordable plans during Open Enrollment beginning Nov. 1   NEWARK, N.J. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from WellCare of New Jersey , a product offered by wholly owned subsidiaries of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 16 counties in New Jersey for 2024.

Ambetter from WellCare of New Jersey Offers Health Insurance to 16 Counties Across New Jersey in 2024

Ambetter of North Carolina offers North Carolina residents a variety of affordable plans during Open Enrollment beginning Nov. 1   RALEIGH, N.C. , Nov. 2, 2023 /PRNewswire/ --  Ambetter of North Carolina , a product offered by a wholly owned subsidiary of Centene Corporation  (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will expand its affordable health insurance offerings to two new counties in North Carolina for 2024.

Ambetter of North Carolina Expands Health Insurance Offering to 62 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter from Fidelis Care offers New York residents a variety of affordable plans during Open Enrollment beginning Nov. 1  Fidelis Care Rebrands its Marketplace product to Ambetter from Fidelis Care LONG ISLAND CITY, N.Y. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from Fidelis Care , a product offered by a wholly owned subsidiary of Centene Corporation  (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 56 counties in New York for 2024.

Ambetter from Fidelis Care Offers Health Insurance to 56 Counties Across New York in 2024

Ambetter from Buckeye Health Plan offers residents of Ohio a variety of affordable plans during Open Enrollment beginning Nov. 1   COLUMBUS, Ohio , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Buckeye Health Plan , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 70 counties in Ohio for 2024. Open enrollment for the Health Insurance Marketplace for Ohio runs from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter from Buckeye Health Plan Expands Health Insurance Offering to 70 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter of Oklahoma offers residents of Oklahoma a variety of affordable plans during Open Enrollment beginning Nov. 1 OKLAHOMA CITY , Nov. 2, 2023 /PRNewswire/ --  Ambetter of Oklahoma , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 36 counties in Oklahoma for 2024. Open enrollment for the Health Insurance Marketplace for Oklahoma runs from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter of Oklahoma Expands Health Insurance offering to 17 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter from Wellcare of Kentucky offers Kentucky residents a variety of affordable plans during Open Enrollment beginning Nov. 1  LOUISVILLE, Ky. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from WellCare of Kentucky , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC), which provides insurance to under-insured and uninsured populations through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 107 counties in Kentucky for 2024.

Ambetter from WellCare of Kentucky Expands Health Insurance Offering to 107 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter from PA Health & Wellness offers residents of Pennsylvania a variety of affordable plans during Open Enrollment beginning Nov. 1  HARRISBURG, Pa. , Nov. 2, 2023 /PRNewswire/ --  Ambetter from PA Health & Wellness , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 19 counties for 2024.

Ambetter from PA Health & Wellness Offers Health Insurance to 19 Counties Across Pennsylvania in 2024

Ambetter from Louisiana Healthcare Connections offers Louisiana residents a variety of affordable plans during Open Enrollment beginning Nov. 1 BATON ROUGE, La. , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Louisiana He althca re Connections , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 20 parishes in Louisiana for 2024.

Ambetter from Louisiana Healthcare Connections Expands Health Insurance Offering to 20 Parishes - Offering More Residents Affordable, Accessible Coverage

Ambetter of Tennessee offers residents of Tennessee a variety of affordable coverage plans during Open Enrollment beginning Nov. 1 MEMPHIS, Tenn. , Nov. 2, 2023 /PRNewswire/ --  Ambetter of Tennessee , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in every county in the state this year.

Ambetter of Tennessee Offers Health Insurance to all 95 Counties Across Tennessee in 2024

Ambetter from Meridian offers Michigan residents a variety of affordable plans during Open Enrollment beginning Nov. 1  DETROIT , Nov. 2, 2023 /PRNewswire/ -- Ambetter from Meridian , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 33 counties in Michigan for 2024. Open enrollment for the Health Insurance Marketplace for Michigan is running from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter from Meridian Expands Health Insurance Offering to 33 Counties Statewide - Offering More Residents Affordable, Accessible Coverage

Ambetter from Superior HealthPlan offers Texas residents a variety of affordable coverage plans during Open Enrollment beginning Nov. 1 AUSTIN, Texas , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Superior HealthPlan , a product offered by wholly owned subsidiaries of Centene Corporation (NYSE: CNC) which provide insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 149 counties in Texas for 2024. Open enrollment for the Health Insurance Marketplace for Texas runs from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter from Superior HealthPlan Offers Health Insurance to 149 Counties Across Texas in 2024

Ambetter from NH Healthy Families offers New Hampshire a variety of affordable plans during Open Enrollment beginning Nov. 1   BEDFORD, N.H. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from NH Health Families , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in every county in New Hampshire for 2024.

Ambetter from NH Healthy Families Offers Health Insurance Statewide in New Hampshire in 2024

Ambetter from Coordinated Care offers residents of Washington a variety of affordable plans during Open Enrollment beginning Nov. 1 TACOMA, Wash. , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Coordinated Care , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 33 counties in Washington for 2024.

Ambetter from Coordinated Care Adds Two Counties in Washington - Offering More Residents Access to Affordable, Accessible Coverage in 2024

Ambetter from Nebraska Total Care offers Nebraska residents a variety of affordable plans during Open Enrollment beginning Nov. 1  OMAHA, Neb. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from Nebraska Total Care, a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents statewide for Nebraska for 2024.

Ambetter from Nebraska Total Care Offers Health Insurance Statewide in Nebraska in 2024

Ambetter from Home State Health offers Missouri residents a variety of affordable plans during Open Enrollment beginning Nov. 1  ST. LOUIS , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Home State Health , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 109 counties in Missouri for 2024.

Ambetter from Home State Health Offers Health Insurance to 109 counties Across Missouri in 2024

Ambetter Health insurance offers Nevada residents a variety of affordable plans during Open Enrollment beginning Nov. 1  LAS VEGAS and RENO, Nev. , Nov. 2, 2023 /PRNewswire/ --  Ambetter of SilverSummit Healthplan , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents statewide in Nevada for 2024.

Ambetter from SilverSummit Healthplan Offers Health Insurance Statewide Across Nevada in 2024

Ambetter from Arizona Complete Health offers Arizona residents a variety of affordable plans during Open Enrollment beginning Nov. 1  PHOENIX , Nov. 2, 2023 /PRNewswire/ -- Ambetter from Arizona Complete Health , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC), which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in nine counties in Arizona for 2024. Open enrollment for the Health Insurance Marketplace for Arizona runs from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter from Arizona Complete Health Offers Health Insurance to Nine Counties Across Arizona in 2024

Ambetter from Health Net offers California residents a variety of affordable plans during Open Enrollment beginning Nov. 1 SACRAMENTO, Calif. , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Health Net , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through Covered California, the State Based Exchange, announced today that it will offer a variety of affordable health insurance plans to residents in 10 counties in California for 2024.

Ambetter from Health Net Offers Health Insurance to 10 Counties Across the State

Ambetter Health of Delaware offers Delaware residents a variety of affordable plans during Open Enrollment beginning Nov. 1    NEWARK, Del. , Nov. 2, 2023 /PRNewswire/ --  Ambetter Health of Delaware , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in New Castle, Kent and Sussex counties of Delaware for 2024.

Ambetter Health of Delaware Expands Health Insurance Offering into Delaware in 2024

Ambetter from Sunshine Health offers Florida residents a variety of affordable plans during Open Enrollment beginning Nov. 1 FORT LAUDERDALE, Fla. , Nov. 2, 2023 /PRNewswire/ -- Ambetter from Sunshine Health , a product offered by wholly owned subsidiaries of Centene Corporation (NYSE: CNC) which provide insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 62 counties in Florida for 2024.

Ambetter from Sunshine Health Offers Health Insurance to 62 Counties Across Florida in 2024

Ambetter from Peach State Health Plan offers Georgia residents a variety of affordable plans during Open Enrollment beginning Nov. 1 ATLANTA , Nov. 2, 2023 /PRNewswire/ --  Ambetter from Peach State Health Plan , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 149 counties in Georgia for 2024. Open enrollment for the Health Insurance Marketplace for Georgia runs from Nov. 1, 2023, through Jan. 15, 2024.

Ambetter from Peach State Health Plan Offers Health Insurance to 149 Counties Across Georgia in 2024

Ambetter of Illinois offers Illinois residents a variety of affordable plans during Open Enrollment beginning Nov. 1  CHICAGO , Nov. 2, 2023 /PRNewswire/ --  Ambetter of Il linois , a product offered by a wholly owned subsidiary of Centene Corporation (NYSE: CNC) which provides insurance to under-insured and uninsured populations through the federal Health Insurance Marketplace, announced today that it will offer a variety of affordable health insurance plans to residents in 23 counties in Illinois for 2024. Open Enrollment for the Health Insurance Marketplace for Illinois runs from Nov. 1, 2023, through Jan. 15, 2024.

News for Centene Stock (CNC)