CVS HEALTH CORPORATION financials
Source: EDGAR filings · Built 2026-06-02T02:47:16Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 7.73B | 6.25B | 10.32B | 13.39B | 15.70B | 13.39B |
| EBITDA | 9.27B | 13.11B | 18.11B | 12.18B | 17.80B | 18.35B |
| Working Capital | -13.98B | -15.96B | -11.33B | -3.79B | -7.80B | -5.65B |
| Net Debt | 71.50B | 78.57B | 71.59B | 57.85B | 66.59B | 77.19B |
| Gross Margin | 44.99% | 44.67% | 39.32% | 38.94% | 39.82% | 38.97% |
| Operating Margin | 1.16% | 2.28% | 3.84% | 2.47% | 4.56% | 5.18% |
| Net Margin | 0.44% | 1.24% | 2.33% | 1.34% | 2.74% | 2.67% |
| Return on Equity (ROE) | 2.35% | 6.11% | 10.91% | 6.03% | 10.66% | 10.35% |
| Return on Assets (ROA) | 0.70% | 1.82% | 3.34% | 1.89% | 3.43% | 3.11% |
| Current Ratio | 0.84× | 0.81× | 0.86× | 0.95× | 0.89× | 0.91× |
| Debt-to-Equity | 1.06× | 1.15× | 1.04× | 0.99× | 1.01× | 1.23× |
| Effective Tax Rate | 19.10% | 25.41% | 25.11% | 25.86% | 24.18% | 26.29% |
| Cash Conversion Ratio | 6.02× | 1.97× | 1.61× | 3.75× | 2.28× | 2.21× |
| Accruals Ratio | -0.04× | -0.02× | -0.02× | -0.05× | -0.04× | -0.04× |
| SBC % of Revenue | 0.13% | 0.14% | 0.16% | 0.14% | 0.17% | 0.15% |
| CapEx Coverage | 3.66× | 3.19× | 4.33× | 5.80× | 7.11× | 6.42× |
| Free Cash Flow Per Share | $6.08 | $4.95 | $8.00 | $10.12 | $11.81 | $10.19 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 57.09× | 12.27× | 12.20× | 28.59× | 17.14× | 12.51× |
| P/FCF | 13.05× | 9.06× | 9.87× | 9.21× | 8.74× | 6.70× |
| FCF Yield | 7.66% | 11.04% | 10.14% | 10.86% | 11.45% | 14.92% |
| EV / EBITDA | 18.60× | 10.31× | 9.57× | 14.70× | 11.41× | 9.08× |
| P/S | 0.25× | 0.15× | 0.28× | 0.38× | 0.47× | 0.33× |
| P/B | 1.34× | 0.75× | 1.33× | 1.70× | 1.82× | 1.29× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 402.07B | 372.81B | 357.78B | 322.47B | 292.11B | 268.71B |
| Cost of Goods and Services Sold | 221.17B | 206.29B | 217.10B | 196.89B | 175.80B | 163.98B |
| Operating Income (Loss) | 4.66B | 8.52B | 13.74B | 7.95B | 13.31B | 13.91B |
| Income Tax Expense (Benefit) | 408.00M | 1.56B | 2.81B | 1.51B | 2.55B | 2.57B |
| Net Income (Loss) Attributable to Parent | 1.77B | 4.61B | 8.34B | 4.31B | 8.00B | 7.18B |
| Earnings Per Share, Basic | $1.40 | $3.67 | $6.49 | $3.29 | $6.07 | $5.48 |
| Weighted Average Number of Shares Outstanding, Basic | 1.27B | 1.26B | 1.28B | 1.31B | 1.32B | 1.31B |
| Earnings Per Share, Diluted | $1.39 | $3.66 | $6.47 | $3.26 | $6.02 | $5.46 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.27B | 1.26B | 1.29B | 1.32B | 1.33B | 1.31B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 8.45B | 8.59B | 8.20B | 12.95B | 9.41B | 7.85B |
| Assets, Current | 74.71B | 68.64B | 67.86B | 65.63B | 60.01B | 56.37B |
| Assets | 253.54B | 253.22B | 249.73B | 228.28B | 233.00B | 230.72B |
| Liabilities, Current | 88.69B | 84.61B | 79.19B | 69.42B | 67.81B | 62.02B |
| Liabilities | 178.16B | 177.49B | 173.09B | 156.51B | 157.62B | 161.01B |
| Stockholders' Equity Attributable to Parent | 75.21B | 75.56B | 76.46B | 71.47B | 75.08B | 69.39B |
| Common Stock, Shares, Outstanding | 1.27B | 1.26B | 1.29B | 1.30B | 1.32B | 1.31B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 10.64B | 9.11B | 13.43B | 16.18B | 18.27B | 15.87B |
| Payments to Acquire Property, Plant, and Equipment | 2.83B | 2.78B | 3.03B | 2.73B | 2.52B | 2.44B |
| Net Cash Provided by (Used in) Investing Activities | -5.87B | -7.61B | -20.89B | -5.05B | -5.26B | -5.53B |
| Payments for Repurchase of Common Stock | 0 | 3.02B | 2.01B | 3.50B | 0 | 0 |
| Payments of Dividends | 3.40B | 3.37B | 3.13B | 2.91B | 2.63B | 2.62B |
| Net Cash Provided by (Used in) Financing Activities | -4.94B | -1.14B | 2.68B | -10.52B | -11.36B | -7.70B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 3.40B | 2.61B | 5.20B | 5.10B | 3.81B | 1.09B |
| EBITDA | 5.79B | 3.26B | -2.07B | 3.55B | 4.53B | 3.52B |
| Working Capital | -11.59B | -13.98B | -15.59B | -18.51B | -15.77B | -15.96B |
| Net Debt | 66.22B | 71.50B | 75.15B | 64.78B | 66.73B | 78.57B |
| Gross Margin | 44.79% | 44.12% | 44.55% | 45.40% | 46.02% | 43.44% |
| Operating Margin | 4.66% | 2.00% | -3.12% | 2.41% | 3.57% | 2.42% |
| Net Margin | 2.93% | 2.78% | -3.86% | 1.03% | 1.88% | 1.68% |
| Return on Equity (ROE) | 3.80% | 3.91% | -5.45% | 1.32% | 2.31% | 2.18% |
| Return on Assets (ROA) | 1.16% | 1.16% | -1.56% | 0.40% | 0.70% | 0.65% |
| Current Ratio | 0.87× | 0.84× | 0.83× | 0.80× | 0.82× | 0.81× |
| Debt-to-Equity | 0.98× | 1.06× | 1.16× | 0.99× | 1.00× | 1.15× |
| Effective Tax Rate | 24.91% | -115.88% | -14.59% | 38.49% | 31.91% | 23.66% |
| Cash Conversion Ratio | 1.44× | 1.15× | -1.82× | 6.32× | 2.56× | 1.13× |
| Accruals Ratio | -0.01× | -0.00× | -0.04× | -0.02× | -0.01× | -0.00× |
| SBC % of Revenue | 0.26% | 0.13% | 0.39% | 0.26% | 0.13% | 0.14% |
| CapEx Coverage | 5.00× | 4.32× | 3.54× | 4.78× | 6.13× | 2.42× |
| Free Cash Flow Per Share | $2.66 | $2.05 | $4.10 | $4.02 | $3.02 | $0.87 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 31.36× | 56.69× | 193.31× | 19.21× | 16.13× | 12.23× |
| EV / EBITDA | 14.97× | 18.60× | 17.95× | 11.20× | 10.70× | 10.31× |
| P/S | 0.22× | 0.25× | 0.24× | 0.23× | 0.23× | 0.15× |
| P/B | 1.18× | 1.34× | 1.31× | 1.13× | 1.11× | 0.75× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 100.43B | 105.69B | 102.87B | 98.92B | 94.59B | 97.71B |
| Cost of Goods and Services Sold | 55.44B | 59.06B | 57.05B | 54.01B | 51.06B | 55.27B |
| Operating Income (Loss) | 4.68B | 2.11B | -3.21B | 2.38B | 3.37B | 2.37B |
| Income Tax Expense (Benefit) | 981.00M | -1.57B | 508.00M | 634.00M | 835.00M | 503.00M |
| Net Income (Loss) Attributable to Parent | 2.94B | 2.94B | -3.98B | 1.02B | 1.78B | 1.64B |
| Earnings Per Share, Basic | $2.31 | $2.33 | $-3.13 | $0.81 | $1.41 | $1.31 |
| Weighted Average Number of Shares Outstanding, Basic | 1.27B | 1.27B | 1.27B | 1.27B | 1.26B | 1.26B |
| Earnings Per Share, Diluted | $2.30 | $2.32 | $-3.13 | $0.80 | $1.41 | $1.31 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.28B | 1.27B | 1.27B | 1.27B | 1.26B | 1.26B |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 9.54B | 8.45B | 9.10B | 11.79B | 10.08B | 8.59B |
| Assets, Current | 74.82B | 74.71B | 77.11B | 75.65B | 73.19B | 68.64B |
| Assets | 252.97B | 253.54B | 255.33B | 258.34B | 255.59B | 253.22B |
| Liabilities, Current | 86.41B | 88.69B | 92.69B | 94.16B | 88.96B | 84.61B |
| Liabilities | 175.34B | 178.16B | 182.22B | 180.79B | 178.47B | 177.49B |
| Stockholders' Equity Attributable to Parent | 77.46B | 75.21B | 72.93B | 77.38B | 76.93B | 75.56B |
| Common Stock, Shares, Outstanding | 1.27B | 1.27B | 1.27B | 1.27B | 1.26B | 1.26B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 4.25B | 3.39B | 7.25B | 6.45B | 4.56B | 1.86B |
| Payments to Acquire Property, Plant, and Equipment | 849.00M | 784.00M | 2.05B | 1.35B | 743.00M | 768.00M |
| Net Cash Provided by (Used in) Investing Activities | -874.00M | -2.00B | -3.87B | -1.79B | -762.00M | -547.00M |
| Payments for Repurchase of Common Stock | — | 0 | 0 | 0 | 0 | 0 |
| Payments of Dividends | 847.00M | 845.00M | 2.55B | 1.71B | 840.00M | 838.00M |
| Net Cash Provided by (Used in) Financing Activities | -2.32B | -2.03B | -2.91B | -1.53B | -2.33B | 431.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CVS CIK 0000064803),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.