OverviewSuggest Edit

Centene is a healthcare company that provides a portfolio of services to government-sponsored healthcare programs, focusing on under-insured and uninsured individuals. It operates local health plans and offers a range of health insurance solutions. The company also contracts with other healthcare and commercial organizations to provide specialty services, including behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy, and telehealth services.
TypePublic
Founded1984
HQSt. Louis, MO, US
Websitecentene.com
Employee Ratings3.4
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)71,300(+26%)
Job Openings1,231
Revenue (FY, 2020)$111.1 B(+49%)
Share Price (Sept 2021)$62.6
Cybersecurity ratingCMore

Key People/Management at Centene

Michael Neidorff

Michael Neidorff

Chairman, President, and Chief Executive Officer
Edmund E. Kroll

Edmund E. Kroll

Senior Vice President, Finance and Investor Relations
Orlando Ayala

Orlando Ayala

Director
Jessica L. Blume

Jessica L. Blume

Director
Robert K. Ditmore

Robert K. Ditmore

Director
Frederick H. Eppinger

Frederick H. Eppinger

Director
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Centene Office Locations

Centene has offices in St. Louis, Bedford, Chesterfield, Great Falls and in 5 other locations
St. Louis, MO, US (HQ)
7700 Forsyth Blvd
Bedford, MA, US
36 Crosby Dr
Chesterfield, MO, US
1370 Timberlake Manor Pkwy
Great Falls, MT, US
2000 26th St S
Little Rock, AR, US
19 Remington Dr
Macon, GA, US
577 Mulberry St #580
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Centene Financials and Metrics

Centene Revenue

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Centene's revenue was reported to be $111.12 b in FY, 2020 which is a 48.9% increase from the previous period.
USD

Revenue (Q1, 2021)

30.0b

Gross profit (Q1, 2021)

5.5b

Gross profit margin (Q1, 2021), %

18.5%

Net income (Q1, 2021)

697.0m

EBIT (Q1, 2021)

1.1b

Market capitalization (23-Sept-2021)

36.7b

Closing stock price (23-Sept-2021)

62.6

Cash (31-Mar-2021)

9.6b

EV

43.8b
Centene's current market capitalization is $36.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

60.1b74.6b111.1b

Revenue growth, %

24%24%49%

Cost of goods sold

49.0b61.3b89.6b

Gross profit

11.1b13.3b21.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

18.4b18.4b19.0b26.0b27.7b29.1b30.0b

Cost of goods sold

14.4b15.0b16.0b21.2b21.1b23.8b24.4b

Gross profit

4.0b3.4b3.0b4.8b6.6b5.3b5.5b

Gross profit Margin, %

22%18%16%18%24%18%18%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

5.3b12.1b10.8b

Accounts Receivable

5.2b6.2b9.7b

Current Assets

12.0b20.3b23.4b

PP&E

1.7b2.1b2.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

6.3b6.9b6.2b9.3b12.8b12.2b9.6b

Accounts Receivable

5.8b5.2b5.6b11.3b10.3b11.7b11.6b

Current Assets

13.6b13.6b13.5b24.7b26.8b27.3b24.4b

PP&E

1.8b1.9b2.0b2.4b2.5b2.7b2.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

894.0m1.3b1.8b

Depreciation and Amortization

495.0m643.0m1.3b

Accounts Payable

(533.0m)(421.0m)585.0m

Cash From Operating Activities

1.2b1.5b5.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

519.0m1.0b1.1b46.0m1.2b1.8b699.0m

Depreciation and Amortization

155.0m313.0m475.0m288.0m618.0m916.0m361.0m

Accounts Payable

357.0m(616.0m)(552.0m)704.0m1.3b(861.0m)32.0m

Cash From Operating Activities

1.3b2.2b2.1b(240.0m)3.5b2.5b43.0m
USDFY, 2018

EV/EBIT

17.2 x

EV/CFO

20.4 x

Revenue/Employee

1.3m

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x

P/E Ratio

25.5
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Centene Operating Metrics

FY, 2018FY, 2019FY, 2020

Products

340350450

Programs

565656

Services Provided

191919
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Centene Acquisitions / Subsidiaries

Company NameDateDeal Size
PANTHERx Rare PharmacyDecember 15, 2020
ApixioNovember 09, 2020
WellCare Health PlansMarch 27, 2019$15.3 b
Community Medical GroupMarch 05, 2018
MHMFebruary 26, 2018
Fidelis CareSeptember 13, 2017$3.8 b
Health Net, LLCMarch 24, 2016
LifeShare Management Group, LLCMarch 04, 2015
Envolve HealthJanuary 05, 2015
Specialty Therapeutic Care HoldingsJanuary 14, 2013
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Centene Revenue Breakdown

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Centene revenue breakdown by business segment: 13.1% from Managed Care and 86.9% from Specialty Services

Human Capital Metrics

Source: craft.co
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Centene Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Centene Online and Social Media Presence

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Centene Company Culture

  • Overall Culture

    A+

    96/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Centene News and Updates

Reminder: Centene Corporation's 2021 Third Quarter Financial Results Conference Call

ST. LOUIS, Sept. 14, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today issued a reminder that it will release its 2021 third quarter financial results at approximately 6 a.m. (Eastern Time) on Tuesday, October 26, 2021, and host a conference call afterwards at approximately 8:30...

Centene, ACADIA: Why These Out Of Favor Health Care Stocks Are Worth A Look

Our theme of Out Of Favor Health Care Stocks includes healthcare and pharma names that are seeing a disconnect between their financial performance and recent stock price returns. The theme remains down by about 27% year-to-date, compared to the S&P 500 which is up by a solid 21%...

Centene Subsidiary Buckeye Health Plan Awarded Ohio Medicaid Contract

ST. LOUIS, Aug. 17, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its Ohio subsidiary, Buckeye Health Plan, has been awarded a Medicaid contract by the Ohio Department of Medicaid to continue serving members with quality healthcare, coordinated services, and...

Centene Names Rich Fisher SVP And Medicare CEO

ST. LOUIS, Aug. 16, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today Rich Fisher has been appointed to Senior Vice President and Medicare CEO. Mr. Fisher will play a critical role overseeing the Company's Medicare strategy, product development, sales, and operations....

Will Centene Stock Rebound After An 8% Drop Last Week?

The stock price of Centene, a full-line managed services company which services both government sponsored and private insurance health care programs, reached its all-time high of $75 last month, before a recent sell-off in the stock, which led to over an 8% drop in its price to levels of $69...

Centene posts better-than-expected adjusted profit, offers upbeat guidance

Centene Corp. posted better-than-expected adjusted second-quarter profit Tuesday and offered guidance that was above consensus. The healthcare company had a loss of $535 million, or 92 ce3nts a share, in the quarter, after income of $1.206 billion, or $2.08 a share, in the year-earlier period. The …
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Centene Frequently Asked Questions

  • When was Centene founded?

    Centene was founded in 1984.

  • Who are Centene key executives?

    Centene's key executives are Michael Neidorff, Edmund E. Kroll and Orlando Ayala.

  • How many employees does Centene have?

    Centene has 71,300 employees.

  • What is Centene revenue?

    Latest Centene annual revenue is $111.1 b.

  • What is Centene revenue per employee?

    Latest Centene revenue per employee is $1.6 m.

  • Who are Centene competitors?

    Competitors of Centene include Aetna, Anthem and CVS Health.

  • Where is Centene headquarters?

    Centene headquarters is located at 7700 Forsyth Blvd, St. Louis.

  • Where are Centene offices?

    Centene has offices in St. Louis, Bedford, Chesterfield, Great Falls and in 5 other locations.

  • How many offices does Centene have?

    Centene has 9 offices.