CVS Health Corporation (CVS)
NYSE: CVS · Real-Time Price · USD
109.34
+2.27 (2.12%)
At close: Jul 28, 2026, 4:00 PM EDT
108.47
-0.87 (-0.80%)
After-hours: Jul 28, 2026, 7:50 PM EDT

CVS Health Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
407,905402,067372,809357,776322,467292,111
Revenue Growth
7.64%7.85%4.20%10.95%10.39%8.71%
Gross Profit
56,59055,36251,40154,43154,50252,120
Operating Income
5,9664,6608,51613,7437,95413,310
Net Income
2,9321,7684,6148,3444,3118,001
Earnings Per Share
2.271.393.666.473.266.02
EPS Growth
-45.82%-62.02%-43.43%98.47%-45.85%10.05%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Health Care Benefits
144,515143,354130,665105,64691,35082,119
Health Services
195,200190,425173,605186,843169,576153,892
Pharmacy & Consumer Wellness
139,444139,367124,500116,763108,596101,620
Revenue (Total)
407,905402,067372,809357,776322,467292,111

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
11,80210,59810,99311,45515,72312,525
Total Debt
78,34579,95082,92079,38570,04375,999
Net Cash (Debt)
-66,543-69,352-71,927-67,930-54,320-63,474
Net Cash Growth
------
Net Cash Per Share
-52.24-54.56-56.99-52.66-41.06-47.76

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
10,33210,6399,10713,42616,17718,265
Capital Expenditures
-2,938-2,832-2,781-3,031-2,727-2,520
Free Cash Flow
7,3947,8076,32610,39513,45015,745
Free Cash Flow Growth
24.46%23.41%-39.14%-22.71%-14.58%17.26%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
13.87%13.77%13.79%15.21%16.90%17.84%
Operating Margin
1.46%1.16%2.28%3.84%2.47%4.56%
Pretax Margin
0.85%0.53%1.65%3.12%1.81%3.61%
Profit Margin
0.71%0.43%1.23%2.34%1.34%2.73%
FCF Margin
1.81%1.94%1.70%2.91%4.17%5.39%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.6602.6602.6602.4202.2002.000
Dividend Per Share Growth
0%0%9.92%10.00%10.00%0%
Dividend Yield
2.48%3.38%5.97%3.09%2.38%1.93%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
47.6357.0912.2712.2028.5917.14
Forward PE
14.2911.547.779.3910.6712.88
P/FCF Ratio
18.8712.928.949.789.018.66
PS Ratio
0.340.250.150.280.380.47