BTSG vs. CNC: BrightSpring Health Services vs. Centene Stock Comparison
How do BrightSpring Health Services (BTSG) and Centene (CNC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
BrightSpring Health Services (BTSG) and Centene (CNC) both belong to the Health Care Providers & Services industry, though BTSG is classified under Health Care Services while CNC falls under Managed Health Care.
Centene (CNC) carries decades of public-market history since December 13, 2001, while BrightSpring Health Services (BTSG) listed on January 26, 2024 — long-window comparisons have far more historical data on the CNC side.
| Profile Item | BTSG | CNC |
|---|---|---|
| Name | BrightSpring Health Services, Inc. | Centene Corp. |
| Country/Region | United States | United States |
| GICS Sector | Health Care | Health Care |
| GICS Industry Group | Health Care Equipment & Services | Health Care Equipment & Services |
| GICS Industry | Health Care Providers & Services | Health Care Providers & Services |
| GICS Sub-Industry | Health Care Services | Managed Health Care |
| Market Capitalization | 13.36 billion USD | 34.53 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 26, 2024 | December 13, 2001 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Total Return (1Y) | 106.02% | 84.77% |
| Total Return (3Y, Annualized) | -- | -0.97% |
| Total Return (5Y, Annualized) | -- | -1.48% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Volatility (1Y, Annualized) | 45.20% | 46.34% |
| Beta (5Y) | 1.75 | 1.07 |
| Max Drawdown (5Y) | -35.56% | -74.07% |
| Avg. Volume (3M) | 2.47M | 4.63M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Sharpe Ratio (1Y) | 2.25 | 1.74 |
| Sortino Ratio (1Y) | 3.25 | 2.71 |
Profitability
ROE (TTM)
BrightSpring Health Services (BTSG) at 15.54% sits in the top ROE quartile, while Centene (CNC) at 6.74% is closer to the peer norm — stronger capital efficiency for BTSG.
BTSG
Health Care Equipment & Services industry group
15.54%
- Max
- 47.61%
- BTSG
- 15.54%
- Q3
- 14.36%
- Median
- 5.45%
- Q1
- -10.67%
- Min
- -47.01%
CNC
Health Care Equipment & Services industry group
6.74%
- Max
- 47.61%
- Q3
- 14.36%
- CNC
- 6.74%
- Median
- 5.45%
- Q1
- -10.67%
- Min
- -47.01%
Net Margin (TTM)
Both BrightSpring Health Services (BTSG) at 2.69% and Centene (CNC) at 0.81% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
BTSG
Health Care Equipment & Services industry group
2.69%
- Max
- 29.35%
- Q3
- 9.33%
- BTSG
- 2.69%
- Median
- 2.18%
- Q1
- -6.29%
- Min
- -28.46%
CNC
Health Care Equipment & Services industry group
0.81%
- Max
- 29.35%
- Q3
- 9.33%
- Median
- 2.18%
- CNC
- 0.81%
- Q1
- -6.29%
- Min
- -28.46%
Operating Margin (TTM)
Both BrightSpring Health Services (BTSG) at 3.81% and Centene (CNC) at 0.74% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
BTSG
Health Care Equipment & Services industry group
3.81%
- Max
- 35.43%
- Q3
- 14.14%
- Median
- 6.81%
- BTSG
- 3.81%
- Q1
- -0.28%
- Min
- -16.29%
CNC
Health Care Equipment & Services industry group
0.74%
- Max
- 35.43%
- Q3
- 14.14%
- Median
- 6.81%
- CNC
- 0.74%
- Q1
- -0.28%
- Min
- -16.29%
Profitability Metrics
| Metric | BTSG | CNC |
|---|---|---|
| ROE (TTM) | 15.54% | 6.74% |
| ROA (TTM) | 5.44% | 2.68% |
| Net Margin (TTM) | 2.69% | 0.81% |
| Operating Margin (TTM) | 3.81% | 0.74% |
| Gross Margin (TTM) | 12.50% | 11.34% |
Growth
Revenue Growth
BrightSpring Health Services (BTSG) at 28.18% sits in the top revenue growth quartile, while Centene (CNC) at 19.44% is closer to the peer norm — faster top-line expansion for BTSG.
EPS Growth
Only one side can be read here: Centene (CNC) reports EPS growth of -314.42%, ranked against its industry; BrightSpring Health Services (BTSG) has no EPS growth figure this period.
Growth Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Revenue Growth (YoY) | 28.18% | 19.44% |
| Revenue Growth (3Y CAGR) | 18.69% | 10.45% |
| EPS Growth (YoY) | -- | -314.42% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
BrightSpring Health Services (BTSG) at 1.62 keeps current ratio within its industry’s typical mid-range, while Centene (CNC) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CNC.
BTSG
Health Care Equipment & Services industry group
1.62
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- BTSG
- 1.62
- Q1
- 1.37
- Min
- 0.30
CNC
Health Care Equipment & Services industry group
1.16
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- Q1
- 1.37
- CNC
- 1.16
- Min
- 0.30
Debt / Equity (MRQ)
Centene (CNC) at 0.70 carries an industry-typical debt-to-equity mix, while BrightSpring Health Services (BTSG) at 1.09 uses more debt funding than most peers.
BTSG
Health Care Equipment & Services industry group
1.09
- Max
- 1.88
- BTSG
- 1.09
- Q3
- 0.91
- Median
- 0.58
- Q1
- 0.16
- Min
- 0.00
CNC
Health Care Equipment & Services industry group
0.70
- Max
- 1.88
- Q3
- 0.91
- CNC
- 0.70
- Median
- 0.58
- Q1
- 0.16
- Min
- 0.00
Financial Strength Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Current Ratio (MRQ) | 1.62 | 1.16 |
| Debt / Equity (MRQ) | 1.09 | 0.70 |
| Net Debt / EBITDA | 2.39 | -1.71 |
Dividends
Dividend Yield (TTM)
Neither BrightSpring Health Services (BTSG) nor Centene (CNC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BTSG
Health Care Equipment & Services industry group
0.00%
- BTSG
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CNC
Health Care Equipment & Services industry group
0.00%
- CNC
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither BrightSpring Health Services (BTSG) nor Centene (CNC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BTSG
Health Care Equipment & Services industry group
0.00%
- BTSG
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CNC
Health Care Equipment & Services industry group
0.00%
- CNC
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BTSG | CNC |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both BrightSpring Health Services (BTSG) at 47.62 and Centene (CNC) at 23.97 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
BTSG
Health Care Equipment & Services industry group
47.62
- Max
- 80.41
- BTSG
- 47.62
- Q3
- 47.62
- Median
- 29.93
- Q1
- 21.19
- Min
- 4.21
CNC
Health Care Equipment & Services industry group
23.97
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- CNC
- 23.97
- Q1
- 21.19
- Min
- 4.21
P/S Ratio (TTM)
Both BrightSpring Health Services (BTSG) at 0.88 and Centene (CNC) at 0.19 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.
BTSG
Health Care Equipment & Services industry group
0.88
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- BTSG
- 0.88
- Min
- 0.03
CNC
Health Care Equipment & Services industry group
0.19
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- CNC
- 0.19
- Min
- 0.03
P/B Ratio (MRQ)
Centene (CNC) at 1.55 looks cheap against book in the lower P/B ratio quartile, while BrightSpring Health Services (BTSG) at 6.39 carries a premium in the upper quartile — a clear price-to-book gap.
BTSG
Health Care Equipment & Services industry group
6.39
- Max
- 11.68
- BTSG
- 6.39
- Q3
- 6.12
- Median
- 3.00
- Q1
- 1.73
- Min
- -1.31
CNC
Health Care Equipment & Services industry group
1.55
- Max
- 11.68
- Q3
- 6.12
- Median
- 3.00
- Q1
- 1.73
- CNC
- 1.55
- Min
- -1.31
Valuation Metrics
| Metric | BTSG | CNC |
|---|---|---|
| P/E Ratio (TTM) | 47.62 | 23.97 |
| P/S Ratio (TTM) | 0.88 | 0.19 |
| P/B Ratio (MRQ) | 6.39 | 1.55 |
| Free Cash Flow Yield (TTM) | 8.30% | 8.93% |