CVS Health Corporation (CVS)
Healthcare · Healthcare Plans · NYSE
CVS Health Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $177.55B | $184.79B | $194.58B | $256.78B | $268.71B | $292.11B | $322.47B | $357.78B | $372.81B | $402.07B |
| Gross profit | $28.86B | $28.55B | $38.13B | $98.06B | $104.72B | $116.31B | $125.58B | $140.68B | $166.52B | $180.90B |
| Net income | $5.32B | $6.62B | $-594.00M | $6.63B | $7.18B | $8.00B | $4.15B | $8.34B | $4.61B | $1.77B |
| Net margin | 3.0% | 3.6% | -0.3% | 2.6% | 2.7% | 2.7% | 1.3% | 2.3% | 1.2% | 0.4% |
Source: CVS Health Corporation SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into CVS stock?
At today's market cap of $123.84B, CVS Health Corporation is priced for free-cash-flow growth of about 4.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.81B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -10.3%/yr over the last five fiscal years and revenue 8.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of CVS Health Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track CVS in your portfolio →
CVS Health Corporation financial history by metric
About CVS Health Corporation
CVS Health Corporation provides health solutions in the United States. The company operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare Supplement plans, PDPS and Medicaid health care management services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. The Health Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, specialty and mail order pharmacy, clinical, disease management, medical spend management services, pharmacy and other administrative services. It serves employers, insurance companies, unions, government employee groups, health plans, PDPS, Medicaid managed care plans, CMS, plans offered on public health insurance, and other sponsors of health benefit plans. The Pharmacy & Consumer Wellness segment sells prescription and over-the-counter drugs, consumer health and beauty products, personal care products, and other general merchandise products. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. It operates online retail pharmacy websites, retail specialty pharmacy stores, compounding pharmacies and branches for infusion and enteral nutrition services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
CVS Health Corporation — frequently asked questions
What is CVS Health Corporation's revenue?
CVS Health Corporation (CVS) reported revenue of $402.07B for fiscal year 2025, up 7.8% from the prior year, according to its SEC filings.
Is CVS Health Corporation profitable?
Yes. CVS earned net income of $1.77B in fiscal 2025, a net margin of 0.4%.
What is CVS's P/E ratio?
CVS Health Corporation trades at a price-to-earnings ratio of about 42.6 based on the latest data in our nightly-refreshed cache.
How fast is CVS Health Corporation growing?
CVS's revenue grew at roughly 8.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CVS Health Corporation have?
As of fiscal year 2025, CVS carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CVS Health Corporation's gross margin?
CVS's gross margin was 45.0% in fiscal 2025 — gross profit of $180.90B on revenue of $402.07B.
What is CVS Health Corporation's market cap?
CVS Health Corporation (CVS) has a market capitalization of about $123.84B, based on the latest data in our nightly-refreshed cache.
When does CVS Health Corporation's fiscal year end?
CVS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CVS stock?
At today's market cap of $123.84B, CVS Health Corporation is priced for free-cash-flow growth of about 4.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $7.81B from the FY ending 2025-12-31). For comparison, free cash flow actually grew -10.3%/yr over the last five fiscal years and revenue 8.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from CVS Health Corporation's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.