Centene vs Elevance Health
Centene and Elevance Health are similar in size: $194.78bn and $199.13bn of revenue in their latest fiscal years. Centene grew faster (19.4% against 12.5%). Elevance Health kept more of each dollar of sales as profit: a net margin of 2.8% against -3.4%. Elevance Health carries less debt relative to equity (73.0% against 87.7%).
| Latest fiscal year | CenteneCNC, 2025 | Elevance HealthELV, 2025 |
|---|---|---|
| Revenue | $194.78bn | $199.13bn |
| Revenue growth | 19.4% | 12.5% |
| Net income | −$6.67bn | $5.66bn |
| Operating margin | -3.9% | 3.6% |
| Net margin | -3.4% | 2.8% |
| Return on equity | -28.8% | 13.3% |
| Free cash flow | $4.32bn | $3.17bn |
| Cash | $17.89bn | $9.49bn |
| Total debt | $17.49bn | $32.05bn |
| Debt to equity | 87.7% | 73.0% |
| Dividend per share | — | — |
| Dividend yield | — | 1.7% |
| Share buybacks | $475m | $2.60bn |
| Employees | 61,100 | 98,200 |
| Market value | $33.29bn | $89.31bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 36 (Weak) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 4 buys, 18 sales |