CNC vs PGR
Centene Corp. and Progressive Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CNC | PGR |
|---|---|---|
| Revenue | $194.8B | $87.7B |
| Net income | $-6.7B | $11.3B |
| Gross margin | 7.3% | · |
| Net margin | −3.4% | 12.9% |
| Return on equity | −28.8% | 40.4% |
| Diluted EPS | −$13.53 | $19.23 |
| Dividend / share | · | $13.90 |
| Payout ratio | · | 25.4% |
| Free cash flow | $4.3B | $17.2B |
| Equity | $20.0B | $30.3B |
| Net debt / equity | −0.02× | −0.00× |
| Current ratio | 1.10× | · |
| Revenue CAGR 5y | 11.9% | 15.5% |
| Profit CAGR 5y | · | 14.7% |
CNC bills 2.2× the revenue of PGR, 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 | PGR |
|---|---|---|
| FY2025 | $194.8B | $87.7B |
| FY2024 | $163.1B | $75.4B |
| FY2023 | $154.0B | $62.1B |
| FY2022 | $144.5B | $49.6B |
| FY2021 | $126.0B | $47.7B |
| FY2020 | $111.1B | $42.7B |
| FY2019 | $74.6B | $39.0B |
| FY2018 | $60.1B | $32.0B |
| FY2017 | $48.4B | $26.8B |
| FY2016 | $40.6B | $23.4B |
Bottom line
| Fiscal year | CNC | PGR |
|---|---|---|
| FY2025 | $-6.7B | $11.3B |
| FY2024 | $3.3B | $8.5B |
| FY2023 | $2.7B | $3.9B |
| FY2022 | $1.2B | $722.0M |
| FY2021 | $1.3B | $3.4B |
| FY2020 | $1.8B | $5.7B |
| FY2019 | $1.3B | $4.0B |
| FY2018 | $900.0M | $2.6B |
| FY2017 | $828.0M | $1.6B |
| FY2016 | $562.0M | $1.0B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$107,106,000,000 | CNC |
| FY2024 | +$87,699,000,000 | CNC |
| FY2023 | +$91,890,000,000 | CNC |
| FY2022 | +$94,936,000,000 | CNC |
| FY2021 | +$78,280,000,000 | CNC |
| FY2020 | +$68,456,900,000 | CNC |
| FY2019 | +$35,616,700,000 | CNC |
| FY2018 | +$28,137,000,000 | CNC |
| FY2017 | +$21,543,000,000 | CNC |
| FY2016 | +$17,165,600,000 | CNC |
| FY2015 | +$1,906,200,000 | CNC |
| FY2014 | −$2,831,400,000 | PGR |
| FY2013 | −$7,307,900,000 | PGR |
| FY2012 | −$8,973,900,000 | PGR |
| FY2011 | −$10,563,123,000 | PGR |
| FY2010 | −$10,767,177,000 | PGR |
| FY2009 | −$10,460,736,000 | PGR |
| FY2008 | −$9,475,585,000 | PGR |
The higher-revenue side has changed between CNC and PGR over this period. The gap has widened 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 | −16.3 pp | PGR |
| FY2024 | −9.2 pp | PGR |
| FY2023 | −4.5 pp | PGR |
| FY2022 | −0.6 pp | PGR |
| FY2021 | −6.0 pp | PGR |
| FY2020 | −11.8 pp | PGR |
| FY2019 | −8.4 pp | PGR |
| FY2018 | −6.7 pp | PGR |
| FY2017 | −4.3 pp | PGR |
| FY2016 | −3.1 pp | PGR |
| FY2015 | −4.7 pp | PGR |
| FY2014 | −5.0 pp | PGR |
| FY2013 | −4.9 pp | PGR |
| FY2012 | −5.4 pp | PGR |
| FY2011 | −4.4 pp | PGR |
| FY2010 | −4.8 pp | PGR |
| FY2009 | −5.2 pp | PGR |
| FY2008 | +3.0 pp | CNC |
The higher net margin has changed hands between CNC and PGR over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PGR's net margin has been more volatile than CNC's over the 18 comparable fiscal years — 3.4 percentage points of standard deviation against 1.3.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CNC and PGR over these 18 fiscal years — CNC led in 1 and PGR in 17.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PGR's return on equity has been more volatile than CNC's over the 18 comparable fiscal years — 10.5 percentage points of standard deviation against 10.4.
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 PGR over these 18 fiscal years — CNC led in 4 and PGR in 14.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.