• Centene average operating margin for 2023 was 1.61%, a 15% increase from 2022.
• Centene average operating margin for 2022 was 1.4%, a 21.35% increase from 2021.
• Centene average operating margin for 2021 was 1.78%, a 32.32% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.