• Centene average ebitda margin for 2023 was 2.5%, a 5.04% decline from 2022.
• Centene average ebitda margin for 2022 was 2.38%, a 18.49% increase from 2021.
• Centene average ebitda margin for 2021 was 2.92%, a 20.65% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.