Centene Corporation operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States. It operates through four segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment offers the temporary assistance for needy families; medicaid expansion; aged, blind, or disabled; and children's health insurance programs, as well as long-term services and …
Full CNC analysis →
Competitive advantage assessment
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 0th percentile with high volatility suggests weak pricing power or commoditized products.
Centene Corporation ranks #9 of 11
scored companies in Healthcare Plans by moat score — the top 82%.
The widest moat in the group is Elevance Health, Inc. (ELV)
at 74/100.
Moat scores for companies ranked near CNC in Healthcare Plans
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 33
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 54
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 30
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 45
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 2
· 15% of the moat score
Scale matters only when it converts into economics.
Centene Corporation (CNC) scores 29 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #9 of 11 scored companies in Healthcare Plans, the top 82%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 10 companies in Healthcare Plans. Its strongest defense is Customer Stickiness (54/100) and its weakest is Scale & Market Position (2/100).
How does Centene Corporation compare with other Healthcare Plans companies?
Centene Corporation ranks #9 of 11 scored companies in Healthcare Plans by moat score. The widest moat in Healthcare Plans is Elevance Health, Inc. (ELV) at 74/100. The companies ranked closest are Oscar Health, Inc. (OSCR) at 38 just above it and Clover Health Investments, Corp (CLOV) at 20 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 10 companies in Healthcare Plans. The defenses are then weighted to produce the overall score out of 100.
Why is Centene Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Centene Corporation?
The Corporate Default template measures 6 defenses, and CNC scores: Pricing Power (24), Cost Advantage (33), Customer Stickiness (54), Capital Efficiency (30), Resilience (45), Scale & Market Position (2). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.