Centene Corporation
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 111.1b | 126.0b | 144.5b | 154.0b | 155.6b | 160.5b | 166.8b |
% growth | 49 % | 13 % | 15 % | 7 % | 1 % | 3 % | 4 % |
EBITDA | 4.4b | 4.7b | 5.2b | 4.8b | 4.4b | 4.8b | 5.3b |
% EBITDA margin | 4 % | 4 % | 4 % | 3 % | 3 % | 3 % | 3 % |
Profit | 1.8b | 1.3b | 1.2b | 2.7b | 3.1b | 3.2b | 3.5b |
% profit margin | 2 % | 1 % | 1 % | 2 % | 2 % | 2 % | 2 % |
EV / revenue | 0.4x | 0.4x | 0.4x | 0.3x | 0.3x | 0.3x | 0.2x |
EV / EBITDA | 9.2x | 11.3x | 10.1x | 8.5x | 9.8x | 8.4x | 7.1x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | N/A | IPO | |
N/A | $21.1m | Post IPO Equity | |
Total Funding | - |
Related Content
Recent News about Centene Corporation
EditCentene Corporation, a Fortune 500 company, is a prominent player in the healthcare industry, dedicated to improving the health and well-being of individuals, particularly those who are underinsured or uninsured. As the leading carrier in the Health Insurance Marketplace, Centene serves a diverse clientele, including individuals, families, and communities across the United States. The company operates in the healthcare sector, focusing on providing high-quality, integrated, and cost-effective healthcare services.
Centene's business model revolves around offering a wide range of health insurance products and services through local brands and teams. This localized approach ensures that the company can meet the specific needs of the communities it serves. Centene's revenue primarily comes from premium services, which amounted to $140.1 billion as of December 2023. The company also reported net earnings of $2.7 billion and serves 27.5 million members.
Centene makes money by collecting premiums from its members and providing them with access to healthcare services. These services include medical, dental, and vision care, as well as behavioral health services and pharmacy benefits. By focusing on cost-effective and high-quality care, Centene aims to improve health outcomes while managing expenses.
The company's commitment to corporate sustainability is evident in its efforts to address social barriers to health, prioritize environmental health, and maintain responsible corporate governance. Centene also supports work-life balance for its employees, offering hybrid, remote, and in-office work schedules, as well as benefits that promote overall well-being.
In summary, Centene Corporation is a leading healthcare enterprise that provides comprehensive health insurance and services to underinsured and uninsured individuals, leveraging a localized approach to meet community needs. The company's revenue model is based on premium services, and it is committed to sustainability and employee well-being.
Keywords: healthcare, insurance, underinsured, uninsured, premium services, local approach, cost-effective, sustainability, Fortune 500, community-focused.