Centene (CNC) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was slightly larger.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was slightly larger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$141.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $34.8B | +2.6% |
| Sep 30, 2023 | $35B | +3.7% |
| Dec 31, 2023 | $35.3B | +5.3% |
| Mar 31, 2024 | $36.3B | +4.0% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trend observed over recent periods.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, reflecting a stronger year-over-year performance than the sequential change.
What to watch
The filing notes that operating cash flow turned negative in the quarter, driven by timing of payments and a delay in premium receipts.