CNC vs ELV
Centene Corp. and Elevance Health, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CNC | ELV |
|---|---|---|
| Revenue | $194.8B | $199.1B |
| Net income | $-6.7B | $5.7B |
| Gross margin | 7.3% | 89.4% |
| Net margin | −3.4% | 2.8% |
| Return on equity | −28.8% | 13.3% |
| Diluted EPS | −$13.53 | $25.21 |
| Dividend / share | · | · |
| Payout ratio | · | 27.0% |
| Free cash flow | $4.3B | $3.2B |
| Equity | $20.0B | $43.9B |
| Net debt / equity | −0.02× | 0.51× |
| Current ratio | 1.10× | 1.54× |
| Revenue CAGR 5y | 11.9% | 10.3% |
| Profit CAGR 5y | · | 4.4% |
CNC and ELV book revenue within 15% of each other, and CNC closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CNC | ELV |
|---|---|---|
| FY2025 | $194.8B | $199.1B |
| FY2024 | $163.1B | $177.0B |
| FY2023 | $154.0B | $171.3B |
| FY2022 | $144.5B | $156.6B |
| FY2021 | $126.0B | $138.6B |
| FY2020 | $111.1B | $121.9B |
| FY2019 | $74.6B | $104.2B |
| FY2018 | $60.1B | $92.1B |
| FY2017 | $48.4B | $90.0B |
| FY2016 | $40.6B | $84.9B |
Bottom line
| Fiscal year | CNC | ELV |
|---|---|---|
| FY2025 | $-6.7B | $5.7B |
| FY2024 | $3.3B | $6.0B |
| FY2023 | $2.7B | $6.0B |
| FY2022 | $1.2B | $5.9B |
| FY2021 | $1.3B | $6.2B |
| FY2020 | $1.8B | $4.6B |
| FY2019 | $1.3B | $4.8B |
| FY2018 | $900.0M | $3.8B |
| FY2017 | $828.0M | $3.8B |
| FY2016 | $562.0M | $2.5B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,348,000,000 | ELV |
| FY2024 | −$13,940,000,000 | ELV |
| FY2023 | −$17,341,000,000 | ELV |
| FY2022 | −$12,048,000,000 | ELV |
| FY2021 | −$12,657,000,000 | ELV |
| FY2020 | −$10,752,000,000 | ELV |
| FY2019 | −$29,574,000,000 | ELV |
| FY2018 | −$31,989,000,000 | ELV |
| FY2017 | −$41,658,000,000 | ELV |
| FY2016 | −$44,256,000,000 | ELV |
| FY2015 | −$56,396,500,000 | ELV |
| FY2014 | −$57,314,100,000 | ELV |
| FY2013 | −$60,160,500,000 | ELV |
| FY2012 | −$53,387,200,000 | ELV |
| FY2011 | −$55,499,223,000 | ELV |
| FY2010 | −$54,250,177,000 | ELV |
| FY2009 | −$60,836,636,000 | ELV |
| FY2008 | −$57,886,585,000 | ELV |
ELV has reported the higher revenue in every one of these 18 fiscal years. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.3 pp | ELV |
| FY2024 | −1.4 pp | ELV |
| FY2023 | −1.7 pp | ELV |
| FY2022 | −2.9 pp | ELV |
| FY2021 | −3.4 pp | ELV |
| FY2020 | −2.1 pp | ELV |
| FY2019 | −2.9 pp | ELV |
| FY2018 | −2.6 pp | ELV |
| FY2017 | −2.6 pp | ELV |
| FY2016 | −1.5 pp | ELV |
| FY2015 | −1.7 pp | ELV |
| FY2014 | −1.9 pp | ELV |
| FY2013 | −2.0 pp | ELV |
| FY2012 | −4.5 pp | ELV |
| FY2011 | −2.3 pp | ELV |
| FY2010 | −2.7 pp | ELV |
| FY2009 | −5.2 pp | ELV |
| FY2008 | −1.6 pp | ELV |
ELV has kept the higher net margin in every one of these 18 fiscal years.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CNC's net margin has been more volatile than ELV's over the 18 comparable fiscal years — 1.3 percentage points of standard deviation against 1.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ELV led in net margin in every one of the 18 comparable fiscal years — a structural lead, not a recent swing.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CNC's return on equity has been more volatile than ELV's over the 18 comparable fiscal years — 10.4 percentage points of standard deviation against 2.8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CNC and ELV over these 18 fiscal years — CNC led in 7 and ELV in 11.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.