Centene Q3 FY24: where the revenue came from and where it went
The whole income statement of Centene for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2024
- Reported
- Oct 25, 2024
Revenue$42.02B
+10% year over year
Gross profit$4.01B
10% margin
Operating profit$0.67B
2% margin
Net profit$0.71B
2% margin
Net profit is larger than what operations earned, because the statement adds $0.26B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 42.02 | 100% | +10% |
| Medicaid | 26.44 | 63% | |
| Commercial | 8.69 | 21% | |
| Medicare | 5.64 | 13% | |
| Other/Eliminations | 1.25 | 3% | |
| Cost of revenue | −38.02 | 90% | |
| Gross profit | 4.01 | 10% margin | −3pp |
| SG&A | −3.06 | 7% | −1pp |
| Other | −0.28 | 1% | +0pp |
| Operating profit | 0.67 | 2% margin | +0pp |
| Other income, net | 0.26 | ||
| Tax | −0.21 | ||
| Net profit | 0.71 | 2% margin | +0pp |
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