• Centene average gross margin for 2023 was 11.47%, a 0.35% decline from 2022.
• Centene average gross margin for 2022 was 11.51%, a 4.56% decline from 2021.
• Centene average gross margin for 2021 was 12.06%, a 8.08% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.