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CNC vs. SOLV: Centene vs. Solventum Stock Comparison

How do Centene (CNC) and Solventum (SOLV) 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

Centene (CNC) and Solventum (SOLV) both fall under the Health Care Equipment & Services industry group, but CNC is classified in Health Care Providers & Services while SOLV is classified in Health Care Equipment & Supplies.

Centene (CNC) carries decades of public-market history since December 13, 2001, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the CNC side.

Company profile comparison for Centene (CNC) and Solventum (SOLV)
Profile ItemCNCSOLV
NameCentene Corp.Solventum Corporation
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryManaged Health CareHealth Care Supplies
Market Capitalization34.53 billion USD15.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 13, 2001March 26, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CNC
SOLV
GSPC
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Centene (CNC) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Centene (CNC) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Centene (CNC) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Total Return (1Y)84.77%25.89%
Total Return (3Y, Annualized)-0.97%--
Total Return (5Y, Annualized)-1.48%--

Risk Profile

Drawdown History

CNC
SOLV
GSPC
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Centene (CNC) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Centene (CNC) and Solventum (SOLV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Volatility (1Y, Annualized)46.34%30.06%
Beta (5Y)1.070.62
Max Drawdown (5Y)-74.07%-39.98%
Avg. Volume (3M)4.63M1.05M

Risk-Adjusted Performance

Risk-Return Positioning

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CNC and SOLV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Sharpe Ratio (1Y)1.740.72
Sortino Ratio (1Y)2.711.08

Profitability

ROE (TTM)

Both Centene (CNC) at 6.74% and Solventum (SOLV) at 3.19% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

SOLV

Health Care Equipment & Services industry group

3.19%

Max
47.61%
Q3
14.36%
Median
5.45%
SOLV
3.19%
Q1
-10.67%
Min
-47.01%
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Centene (CNC) vs. Solventum (SOLV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Centene (CNC) at 0.81% and Solventum (SOLV) at 1.91% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

SOLV

Health Care Equipment & Services industry group

1.91%

Max
29.35%
Q3
9.33%
Median
2.18%
SOLV
1.91%
Q1
-6.29%
Min
-28.46%
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Centene (CNC) vs. Solventum (SOLV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Centene (CNC) at 0.74% and Solventum (SOLV) at 6.82% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

SOLV

Health Care Equipment & Services industry group

6.82%

Max
35.43%
Q3
14.14%
SOLV
6.82%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Centene (CNC) vs. Solventum (SOLV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
ROE (TTM)6.74%3.19%
ROA (TTM)2.68%2.29%
Net Margin (TTM)0.81%1.91%
Operating Margin (TTM)0.74%6.82%
Gross Margin (TTM)11.34%55.13%

Growth

Revenue Growth

Centene (CNC) at 19.44% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Centene (CNC) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Solventum (SOLV) at 221.74% sits above its peer range for EPS growth; Centene (CNC) at -314.42% sits below its range, putting their earnings trajectories at opposite ends.

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Centene (CNC) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Revenue Growth (YoY)19.44%0.86%
Revenue Growth (3Y CAGR)10.45%0.79%
EPS Growth (YoY)-314.42%221.74%
EPS Growth (3Y CAGR)--4.51%

Financial Strength

Current Ratio (MRQ)

Both Centene (CNC) at 1.16 and Solventum (SOLV) at 1.03 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

SOLV

Health Care Equipment & Services industry group

1.03

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
SOLV
1.03
Min
0.30
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Centene (CNC) vs. Solventum (SOLV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Centene (CNC) at 0.70 carries an industry-typical debt-to-equity mix, while Solventum (SOLV) at 1.10 uses more debt funding than most peers.

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

SOLV

Health Care Equipment & Services industry group

1.10

Max
1.88
SOLV
1.10
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
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Centene (CNC) vs. Solventum (SOLV): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Current Ratio (MRQ)1.161.03
Debt / Equity (MRQ)0.701.10
Net Debt / EBITDA-1.714.66

Dividends

Dividend Yield (TTM)

Neither Centene (CNC) nor Solventum (SOLV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Centene (CNC) vs. Solventum (SOLV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Centene (CNC) nor Solventum (SOLV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Centene (CNC) vs. Solventum (SOLV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Centene (CNC) at 23.97 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

SOLV

Health Care Equipment & Services industry group

101.55

SOLV
101.55
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
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Centene (CNC) vs. Solventum (SOLV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Centene (CNC) at 0.19 sits in the cheaper P/S ratio quartile while Solventum (SOLV) at 1.88 prices around its industry’s middle — CNC costs less per dollar of sales, though read it alongside growth and margins.

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

SOLV

Health Care Equipment & Services industry group

1.88

Max
8.80
Q3
4.32
Median
2.13
SOLV
1.88
Q1
1.10
Min
0.03
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Centene (CNC) vs. Solventum (SOLV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Centene (CNC) at 1.55 sits in the lower P/B ratio quartile against book while Solventum (SOLV) at 3.20 is valued near its industry’s middle — CNC is cheaper on assets, though weigh it against ROE and asset quality.

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

SOLV

Health Care Equipment & Services industry group

3.20

Max
11.68
Q3
6.12
SOLV
3.20
Median
3.00
Q1
1.73
Min
-1.31
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Centene (CNC) vs. Solventum (SOLV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Centene (CNC) and Solventum (SOLV)
MetricCNCSOLV
P/E Ratio (TTM)23.97101.55
P/S Ratio (TTM)0.191.88
P/B Ratio (MRQ)1.553.20
Free Cash Flow Yield (TTM)8.93%1.31%