Centene Income Statement Research

CNC Stock

USD 73.75 1.75 2.43%

Most accounts from Centene Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Centene Corp Valuation and Centene Corp Correlation analysis.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

At present, Centene Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 161.7 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 161.7 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	14.2B	16.7B	31.5B	33.1B
Total Revenue	126.0B	144.5B	154.0B	161.7B

Gross Profit Total Revenue

Centene Corp income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Cost Of Revenue	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Non Operating Income Net Other	Selling And Marketing Expenses	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Recurring
Interest Expense		0.91	0.98	0.9	0.98	0.98	0.98	0.93	0.86	0.94	-0.24	0.92	0.91	0.98	0.98	0.17	0.04	0.89	0.89	-0.53	0.81	0.96	-0.97	0.92	0.73
Selling General Administrative	0.91		0.93	0.8	0.93	0.95	0.95	0.92	0.75	0.8	-0.43	0.76	0.84	0.93	0.95	0.22	0.02	0.73	0.88	-0.4	0.74	0.89	-0.89	0.91	0.77
Total Revenue	0.98	0.93		0.94	1.0	0.97	0.97	0.89	0.91	0.94	-0.22	0.93	0.9	0.97	1.0	0.26	-0.03	0.88	0.95	-0.61	0.79	0.93	-0.96	0.93	0.84
Gross Profit	0.9	0.8	0.94		0.94	0.84	0.84	0.69	1.0	0.97	0.09	0.97	0.87	0.84	0.91	0.28	-0.09	0.89	0.96	-0.82	0.81	0.8	-0.9	0.81	0.88
Other Operating Expenses	0.98	0.93	1.0	0.94		0.97	0.97	0.89	0.91	0.94	-0.22	0.93	0.9	0.97	1.0	0.26	-0.03	0.88	0.95	-0.61	0.79	0.93	-0.96	0.93	0.84
Operating Income	0.98	0.95	0.97	0.84	0.97		1.0	0.97	0.79	0.88	-0.39	0.85	0.9	0.98	0.98	0.23	-0.01	0.82	0.87	-0.43	0.76	0.96	-0.95	0.94	0.72
Ebit	0.98	0.95	0.97	0.84	0.97	1.0		0.97	0.79	0.88	-0.39	0.85	0.9	0.98	0.98	0.23	-0.01	0.82	0.87	-0.43	0.76	0.96	-0.95	0.94	0.72
Ebitda	0.93	0.92	0.89	0.69	0.89	0.97	0.97		0.63	0.76	-0.56	0.72	0.81	0.96	0.92	0.17	0.05	0.73	0.75	-0.22	0.67	0.94	-0.89	0.91	0.59
Total Operating Expenses	0.86	0.75	0.91	1.0	0.91	0.79	0.79	0.63		0.95	0.16	0.97	0.84	0.8	0.88	0.28	-0.1	0.87	0.95	-0.85	0.8	0.76	-0.87	0.77	0.88
Income Before Tax	0.94	0.8	0.94	0.97	0.94	0.88	0.88	0.76	0.95		0.09	0.99	0.94	0.87	0.92	0.14	-0.11	0.95	0.89	-0.72	0.84	0.86	-0.91	0.8	0.75
Total Other Income Expense Net	-0.24	-0.43	-0.22	0.09	-0.22	-0.39	-0.39	-0.56	0.16	0.09		0.13	-0.04	-0.4	-0.29	-0.27	-0.16	0.1	-0.13	-0.46	0.01	-0.34	0.26	-0.46	-0.11
Net Income	0.92	0.76	0.93	0.97	0.93	0.85	0.85	0.72	0.97	0.99	0.13		0.9	0.85	0.9	0.14	-0.09	0.96	0.9	-0.76	0.81	0.84	-0.9	0.78	0.77
Income Tax Expense	0.91	0.84	0.9	0.87	0.9	0.9	0.9	0.81	0.84	0.94	-0.04	0.9		0.85	0.89	0.09	-0.14	0.85	0.8	-0.55	0.87	0.86	-0.86	0.77	0.63
Depreciation And Amortization	0.98	0.93	0.97	0.84	0.97	0.98	0.98	0.96	0.8	0.87	-0.4	0.85	0.85		0.98	0.23	0.05	0.85	0.88	-0.44	0.75	0.96	-0.97	0.96	0.73
Cost Of Revenue	0.98	0.95	1.0	0.91	1.0	0.98	0.98	0.92	0.88	0.92	-0.29	0.9	0.89	0.98		0.25	-0.02	0.87	0.94	-0.55	0.78	0.94	-0.96	0.94	0.82
Minority Interest	0.17	0.22	0.26	0.28	0.26	0.23	0.23	0.17	0.28	0.14	-0.27	0.14	0.09	0.23	0.25		-0.19	0.05	0.38	-0.29	0.13	0.13	-0.26	0.37	0.53
Discontinued Operations	0.04	0.02	-0.03	-0.09	-0.03	-0.01	-0.01	0.05	-0.1	-0.11	-0.16	-0.09	-0.14	0.05	-0.02	-0.19		-0.05	-0.04	0.21	0.05	0.13	-0.02	0.06	-0.09
Net Income From Continuing Ops	0.89	0.73	0.88	0.89	0.88	0.82	0.82	0.73	0.87	0.95	0.1	0.96	0.85	0.85	0.87	0.05	-0.05		0.82	-0.65	0.74	0.82	-0.85	0.73	0.66
Non Operating Income Net Other	0.89	0.88	0.95	0.96	0.95	0.87	0.87	0.75	0.95	0.89	-0.13	0.9	0.8	0.88	0.94	0.38	-0.04	0.82		-0.73	0.75	0.81	-0.9	0.88	0.96
Selling And Marketing Expenses	-0.53	-0.4	-0.61	-0.82	-0.61	-0.43	-0.43	-0.22	-0.85	-0.72	-0.46	-0.76	-0.55	-0.44	-0.55	-0.29	0.21	-0.65	-0.73		-0.46	-0.33	0.56	-0.4	-0.76
Tax Provision	0.81	0.74	0.79	0.81	0.79	0.76	0.76	0.67	0.8	0.84	0.01	0.81	0.87	0.75	0.78	0.13	0.05	0.74	0.75	-0.46		0.84	-0.81	0.78	0.62
Interest Income	0.96	0.89	0.93	0.8	0.93	0.96	0.96	0.94	0.76	0.86	-0.34	0.84	0.86	0.96	0.94	0.13	0.13	0.82	0.81	-0.33	0.84		-0.93	0.93	0.64
Net Interest Income	-0.97	-0.89	-0.96	-0.9	-0.96	-0.95	-0.95	-0.89	-0.87	-0.91	0.26	-0.9	-0.86	-0.97	-0.96	-0.26	-0.02	-0.85	-0.9	0.56	-0.81	-0.93		-0.96	-0.77
Reconciled Depreciation	0.92	0.91	0.93	0.81	0.93	0.94	0.94	0.91	0.77	0.8	-0.46	0.78	0.77	0.96	0.94	0.37	0.06	0.73	0.88	-0.4	0.78	0.93	-0.96		0.78
Non Recurring	0.73	0.77	0.84	0.88	0.84	0.72	0.72	0.59	0.88	0.75	-0.11	0.77	0.63	0.73	0.82	0.53	-0.09	0.66	0.96	-0.76	0.62	0.64	-0.77	0.78

Click cells to compare fundamentals

Centene Corp Account Relationship Matchups

Centene Corp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	343M	412M	728M	665M	725M	761.3M
Total Revenue	74.6B	111.1B	126.0B	144.5B	154.0B	161.7B
Gross Profit	8.8B	15.2B	14.2B	16.7B	31.5B	33.1B
Operating Income	1.8B	3.1B	3.3B	3.6B	2.9B	3.1B
Ebit	1.8B	3.1B	3.3B	3.6B	2.9B	3.1B
Ebitda	2.7B	4.4B	4.7B	5.2B	2.9B	3.1B
Income Before Tax	1.8B	2.8B	1.8B	2.0B	3.6B	3.8B
Net Income	1.3B	1.8B	1.3B	1.2B	2.7B	2.8B
Income Tax Expense	473M	979M	477M	760M	899M	944.0M
Cost Of Revenue	65.8B	95.9B	111.8B	127.9B	122.5B	128.6B
Minority Interest	(12M)	(14M)	11M	3M	3.5M	3.6M
Tax Provision	473M	979M	477M	760M	1.2B	684.6M
Interest Income	343M	412M	728M	665M	764.8M	457.6M
Net Interest Income	(343M)	(412M)	(728M)	(665M)	(716M)	(751.8M)

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.

The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:

How To Invest In Centene

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Is Centene Stock a good investment?

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What is Centene Corp's Net Worth?

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Check out Centene Corp Valuation and Centene Corp Correlation analysis.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Centene Stock analysis

When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.

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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.32)

Earnings Share

4.95

Revenue Per Share

260.006

Quarterly Revenue Growth

0.056

Return On Assets

0.037

The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Centene Income Statement Research

Centene Corp income statement Correlations

Centene Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Centene Corp income statement Accounts

Pair Trading with Centene Corp

Complementary Tools for Centene Stock analysis

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Total Operating Expenses	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Net Income	+ 0.99	Income Before Tax

Net Interest Income	- 0.97	Depreciation And Amortization
Net Interest Income	- 0.97	Interest Expense
Reconciled Depreciation	- 0.96	Net Interest Income
Net Interest Income	- 0.96	Cost Of Revenue
Net Interest Income	- 0.96	Other Operating Expenses
Net Interest Income	- 0.96	Total Revenue