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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. CVS Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

CVS Health (CVS)

Market Price (9/13/2025): $74.86 | Market Cap: $94.4 Bil
Sector: Health Care | Industry: Health Care Services

CVS Health (CVS)

Market Price (9/13/2025): $74.86
Market Cap: $94.4 Bil
Sector: Health Care
Industry: Health Care Services

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 6.3%		 Trading close to highs
Dist 52W High is 0.0%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73%
1 Attractive cash flow generation
CFO LTM is 8.8 Bil, FCF LTM is 5.9 Bil		 Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -82%		 
2 Low stock price volatility
Vol 12M is 38%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 6.3%
1 Attractive cash flow generation
CFO LTM is 8.8 Bil, FCF LTM is 5.9 Bil
2 Low stock price volatility
Vol 12M is 38%
3 Trading close to highs
Dist 52W High is 0.0%
4 Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -82%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73%

Market Valuation

 9/13/252024202320222021
Share Price CYE$74.86$43.40$73.28$83.78$90.69
Market Cap CYE ($ Bil)94.454.894.4109.7119.9
Total Debt ($ Bil)81.282.979.470.776.0
Total Cash ($ Bil)12.711.011.515.712.5
Enterprise Value ($ Bil)163.0137.7173.8180.4195.9
Valuation Ratios     
P/S TTM0.20.10.30.40.5
P/EBIT TTM9.26.27.315.110.4
P/E TTM17.912.212.228.417.0
Sector Ratios     
P/S TTM (Sector)3.83.64.14.57.3
P/EBIT TTM (Sector)-1.6-1.3-1.4-1.3-2.9
P/E TTM (Sector)-1.9-1.6-1.5-1.4-2.9
 9/13/2520242023
Share Price CYE$74.86$43.40$73.28
Market Cap CYE ($ Bil)94.454.894.4
Total Debt ($ Bil)81.282.979.4
Total Cash ($ Bil)12.711.011.5
Enterprise Value ($ Bil)163.0137.7173.8
Valuation Ratios   
P/S TTM0.20.10.3
P/EBIT TTM9.26.27.3
P/E TTM17.912.212.2
Sector Ratios   
P/S TTM (Sector)3.83.64.1
P/EBIT TTM (Sector)-1.6-1.3-1.4
P/E TTM (Sector)-1.9-1.6-1.5

Market Cap Chart

Business Description

CVS Health Corporation provides health services in the United States. The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related 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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
CVS Return-5%55%-8%-13%-41%72%20%
Peers Return25%24%-22%14%18%-20%31%
S&P 500 Return16%27%-19%24%23%12%101%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, KR, TGT, WBA. See CVS Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

CVS Health Interactive Breakdown Analysis

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1CVS Health Earnings Notes  
2Time To Buy CVS Health Stock?Buy or Fear 
3CVS Pulls Back to Support. Smart Time to Enter?Actionable 
4CVS Rallied 14% In A Month. Have You Fully Evaluated The Risk?Return 
5CVS Leaps 16% In One Month: Does It Lead the Pack?  
6Day 6 of Gains Streak for CVS Health Stock with 9.4% Return (vs. 64% YTD) [8/19/2025]Notification 
7Day 5 of Gains Streak for CVS Health Stock with 8.2% Return (vs. 62% YTD) [8/18/2025]Notification 
8CVS Health vs General Motors: Which Is A Better Investment?Counter-Intuitive Comparisons 
9CVS Health vs Universal Health Services: Which Is A Better Investment?Counter-Intuitive Comparisons 
10Better Bet Than CVS Stock: Pay Less Than CVS Health To Get More From UNH, IBKR   
11ARTICLES  
12Time To Buy CVS Health Stock? September 9th, 2025
13CVS At Support Zone: Bargain or Bear Trap? September 9th, 2025
14CVS Jumped 11% In A Month. What To Do Now? September 9th, 2025
15S&P 500 Movers | Winners: TTWO, UBER, LYV | Losers: CVS, BF-B, NCLH September 9th, 2025
16S&P 500 Stocks Trading At 52-Week High September 2nd, 2025
Title
0DASHBOARDS
1Time To Buy CVS Health Stock?
2CVS At Support Zone: Bargain or Bear Trap?
3CVS Jumped 11% In A Month. What To Do Now?
4S&P 500 Movers | Winners: TTWO, UBER, LYV | Losers: CVS, BF-B, NCLH
5S&P 500 Stocks Trading At 52-Week High
6ARTICLES
7CVS Health Earnings Notes
8Time To Buy CVS Health Stock?
9CVS Pulls Back to Support. Smart Time to Enter?
10CVS Rallied 14% In A Month. Have You Fully Evaluated The Risk?
11CVS Leaps 16% In One Month: Does It Lead the Pack?
12Day 6 of Gains Streak for CVS Health Stock with 9.4% Return (vs. 64% YTD) [8/19/2025]
13Day 5 of Gains Streak for CVS Health Stock with 8.2% Return (vs. 62% YTD) [8/18/2025]
14CVS Health vs General Motors: Which Is A Better Investment?
15CVS Health vs Universal Health Services: Which Is A Better Investment?
16Better Bet Than CVS Stock: Pay Less Than CVS Health To Get More From UNH, IBKR 

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1 Month Top Losers

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1OCTOEightco900.0%562.1%
2QMMMQMMM875.3%5698.4%
3WLDSWearable Devices780.4%8.0%
4CWDCaliberCos268.8%-45.1%
5AIREReAlpha Tech257.5%-49.8%
6PTNMPitanium154.0% 
7OPIOffice Properties Income Trust144.0%-42.6%
8HYPDHyperion DeFi144.0% 
9ISPCiSpecimen128.4%-26.6%
10EDHLEverbright Digital127.6% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-85.6% 
2LGCLLucas GC-69.1%-76.6%
3YYGHYY-68.7%-76.6%
4BINIBollinger Innovations-61.6%-100.0%
5IPDNProfessional Diversity Network-54.5%-41.4%
6INHDInno-53.4%-4.4%
7CDTCDT Equity-49.2%-99.4%
8NFENew Fortress Energy-46.5%-91.3%
9TGHLGrowhub-44.8% 
10SLXNSilexion Therapeutics-43.1%-86.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for CVS Health

Financials

CVSAMZNWMTKRTGTWBAMedian
NameCVS Heal.Amazon.c.Walmart Kroger Target Walgreen. 
Mkt Price74.98228.15103.4968.2989.96-89.96
Mkt Cap94.52,426.8825.645.140.910.469.8
Rev LTM378,960670,038693,153146,972105,640154,580266,770
Op Inc LTM10,89876,19028,9883,8775,424-2,8748,161
FCF LTM5,94113,48113,7531,8442,9445804,442
FCF 3Y Avg10,49121,67714,9862,2763,282-3786,886
CFO LTM8,760121,13738,4385,6016,3861,5777,573
CFO 3Y Avg13,23496,97736,7076,0427,4701,20210,352

Growth & Margins

CVSAMZNWMTKRTGTWBAMedian
NameCVS Heal.Amazon.c.Walmart Kroger Target Walgreen. 
Rev Chg LTM5.0%10.9%4.2%-2.1%-1.5%6.2%4.6%
Rev Chg 3Y Avg8.1%11.3%5.7%1.4%-0.7%4.8%5.2%
Rev Chg Q7.0%13.3%4.8%-0.3%-0.9%7.2%5.9%
QoQ Delta Rev Chg LTM1.6%3.0%1.2%-0.1%-0.2%1.7%1.4%
Op Mgn LTM2.9%11.4%4.2%2.6%5.1%-1.9%3.5%
Op Mgn 3Y Avg3.8%7.9%4.0%2.4%5.1%-2.8%3.9%
QoQ Delta Op Mgn LTM0.2%0.3%-0.1%0.0%-0.3%-0.0%0.0%
CFO/Rev LTM2.3%18.1%5.5%3.8%6.0%1.0%4.7%
CFO/Rev 3Y Avg3.8%15.8%5.5%4.1%7.0%0.8%4.8%
FCF/Rev LTM1.6%2.0%2.0%1.3%2.8%0.4%1.8%
FCF/Rev 3Y Avg3.0%3.5%2.3%1.5%3.1%-0.3%2.7%

Valuation

CVSAMZNWMTKRTGTWBAMedian
NameCVS Heal.Amazon.c.Walmart Kroger Target Walgreen. 
Mkt Cap94.52,426.8825.645.140.910.469.8
P/S0.23.61.20.30.40.10.3
P/EBIT9.328.526.511.97.4-1.910.6
P/E17.934.438.717.410.4-1.617.7
P/CFO10.820.021.58.06.46.69.4
Total Yield9.2%2.9%3.4%7.7%14.6%-60.8%5.6%
Dividend Yield3.6%0.0%0.9%2.0%5.0%0.0%1.4%
FCF Yield 3Y Avg12.5%1.1%2.8%6.1%5.6%-2.0%4.2%
D/E0.90.10.10.00.52.80.3
Net D/E0.70.00.10.00.42.70.2

Returns

CVSAMZNWMTKRTGTWBAMedian
NameCVS Heal.Amazon.c.Walmart Kroger Target Walgreen. 
1M Rtn13.8%1.6%2.5%-2.4%-14.6%-1.6%
3M Rtn12.4%7.6%9.8%4.7%-4.6%-7.6%
6M Rtn16.6%15.3%22.2%5.9%-12.2%-15.3%
12M Rtn36.3%22.0%31.2%26.2%-37.1%-26.2%
3Y Rtn-16.5%79.9%138.6%47.9%-39.9%-47.9%
1M Excs Rtn12.0%-0.2%0.7%-4.2%-16.4%--0.2%
3M Excs Rtn5.3%-1.9%0.5%-3.4%-17.3%--1.9%
6M Excs Rtn-2.8%-1.6%4.1%-14.9%-31.2%--2.8%
12M Excs Rtn17.9%7.3%12.8%13.4%-56.7%-12.8%
3Y Excs Rtn-82.1%10.8%72.2%-18.8%-107.0%--18.8%

Comparison Analyses

Title
0CVS Health vs. Mondelez International: With Return Forecast Of 28%, CVS Health Is A Better Bet
1CVS Health vs. Cigna: With Return Forecast Of 50%, Cigna Is A Better Bet
2CVS Health vs. Sherwin-Williams: With Return Forecast Of 28%, CVS Health Is A Better Bet
3CVS Health vs. International Business Machines: With Return Forecast Of 27%, CVS Health Is A Better Bet
4CVS Health vs. Netflix: With Return Forecast Of 27%, CVS Health Is A Better Bet
5CVS Health vs. Linde: With Return Forecast Of 27%, CVS Health Is A Better Bet
6CVS Health vs. UnitedHealth: With Return Forecast Of 25%-27%, Both Seem Like Good Bets
7CVS Health vs. Exxon Mobil: With Return Forecast Of 25%, CVS Health Is A Better Bet
8CVS Health vs. Alphabet: With Return Forecast Of 31%, Alphabet Is A Better Bet
9CVS Health vs. Waste Management: With Return Forecast Of 27%, CVS Health Is A Better Bet

Financials

$ Mil | FY: 12/312025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q2
Period End3/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/20226/30/2022
Filing Date5/1/20252/12/202511/6/20248/7/20245/1/20242/7/202411/1/20238/2/20235/3/20232/8/202311/2/20228/3/2022
Key Financials Quarterly            
Total Revenue94,58897,71095,42891,23488,43793,81389,76488,92185,27883,84681,15980,636
Ebitda4,5564,0312,0184,2203,4344,5294,8394,3604,4694,745-2,8285,794
Operating Income3,3742,4782,0013,0452,2713,3733,7013,7303,7953,7703,7814,669
Net Income1,7791,644871,7701,1132,0462,2611,9012,1362,334-3,4063,029
EPS1.411.310.071.410.881.591.761.481.661.76-2.592.31
Key Financials TTM            
Total Revenue TTM378,960372,809368,912363,248360,935357,776347,809339,204330,919322,467315,225307,860
Ebitda TTM14,82513,70314,20117,02217,16218,19718,41310,74612,18012,34710,98617,695
Operating Income TTM10,8989,79510,69012,39013,07514,59914,99615,07616,01516,29016,22415,935
Net Income TTM5,2804,6145,0167,1907,3218,3448,6322,9654,0934,3113,3748,378
Growth Rates Quarterly            
Total Revenue Growth7.0%4.2%6.3%2.6%3.7%11.9%10.6%10.3%11.0%9.5%10.0%11.0%
EBITDA Growth32.7%-11.0%-58.3%-3.2%-23.2%-4.6%271.1%-24.7%-3.6%40.2%-172.9%5.2%
Operating Income Growth48.6%-26.5%-45.9%-18.4%-40.2%-10.5%-2.1%-20.1%-6.8%1.8%8.3%7.9%
Net Income Growth59.8%-19.6%-96.2%-6.9%-47.9%-12.3%166.4%-37.2%-9.3%67.1%-313.1%8.8%
Margins Quarterly            
EBITDA Margin4.8%4.1%2.1%4.6%3.9%4.8%5.4%4.9%5.2%5.7%-3.5%7.2%
Operating Income Margin3.6%2.5%2.1%3.3%2.6%3.6%4.1%4.2%4.5%4.5%4.7%5.8%
Net Income Margin1.9%1.7%0.1%1.9%1.3%2.2%2.5%2.1%2.5%2.8%-4.2%3.8%
Cash & Debt            
Total Cash12,65410,9939,68016,26213,08911,45516,18816,88717,72015,72319,98914,993
Total Debt81,21382,92082,70483,82281,79279,38580,09682,13676,47870,73271,07274,172
Net Debt / (Cash)68,55971,92773,02467,56068,70367,93063,90865,24958,75855,00951,08359,179
Cash Flows Quarterly            
FCF from Operations4,5561,860-7453,0894,903-2,6362,7165,9087,438-1,9529,1235,443
Cash Flows TTM            
FCF from Operations TTM8,7609,1074,6118,07210,89113,42614,11020,51720,05216,17722,13418,532
Returns to Shareholders Quarterly            
Dividends840838837858840779779795779719726740
Share Repurchases-0-0-1-33,027-1-3-22,0181,500-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC13.4%10.5%7.4%13.6%9.4%15.0%17.4%17.0%19.2%20.3%22.6%23.2%
Return on Invested Capital (ROIC) TTM            
ROIC TTM11.6%10.2%10.9%13.7%14.2%16.1%17.5%16.6%19.6%22.0%24.6%20.6%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Health Services186,843169,576153,892132,663130,428
Pharmacy & Consumer Wellness116,763108,596101,62060,20856,258
Health Care Benefits105,64691,35082,11975,40969,578
Corporate/Other451530721426512
Intersegment Eliminations-51,927-47,585-46,241  
Total357,776322,467292,111268,706256,776


Operating Income by Segment
$ Mil20242023202220212020
Health Services7,3126,7816,4925,4544,735
Pharmacy & Consumer Wellness5,9636,5317,2605,6405,793
Health Care Benefits5,5776,3385,1105,1663,639
Office real estate optimization charges-46-1170  
Loss on Accountable Care assets-349-2,5330  
Acquisition-related integration costs-487 -132  
Net realized capital losses-497-320176  
Restructuring charge-507 0  
Corporate/Other-1,318-1,613-1,635-1,641-1,483
Amortization of intangible assets-1,905-1,785-2,233  
Gain on divestiture of subsidiary 4750  
Omnicare litigation charge -5,8030  
Acquisition purchase price adjustment outside of measurement period  61  
Goodwill impairment  -431  
Intersegment Eliminations  0-708-697
Store impairments  -1,358  
Total13,7437,95413,31013,91111,987


Price Behavior

CVS Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta-0.44-0.39-0.100.310.340.44
Up Beta-0.970.731.020.340.460.51
Down Beta0.08-0.47-0.340.700.450.53
Up Capture78%-48%1%7%19%7%
Bmk +ve Days10223571142415
Stock +ve Days16233670137382
Down Capture-239%-173%-144%-16%0%71%
Bmk -ve Days11192754106334
Stock -ve Days5192756112366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity18,801,166
Short Interest: % Change Since 815202512.8%
Average Daily Volume5,871,678
Days-to-Cover Short Interest3.20
Basic Shares Quantity1,261,000,000
Short % of Basic Shares1.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/2025-0.3%2.0%15.8%
5/1/20254.1%0.1%-4.0%
2/12/202514.9%20.7%19.5%
10/18/2024-5.2%-10.9%-15.5%
8/7/2024-3.2%-4.3%-0.5%
5/1/2024-16.8%-17.7%-17.2%
2/7/20243.1%3.8%0.7%
11/1/2023-0.4%1.8%-1.5%
...
SUMMARY STATS   
# Positive131713
# Negative12812
Median Positive4.8%3.5%8.7%
Median Negative-3.1%-4.7%-6.2%
Max Positive14.9%20.7%19.9%
Max Negative-16.8%-17.7%-26.1%

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Finucane Anne A. 8292025Sell71.027,500532,6501,573,519Form
1SANSONE GUY P 6092025Buy63.701,570100,009764,869Form
2ROBBINS LARRY 5062025Sell67.391,679,736113,190,186691,853,227Form
3Mahoney Michael F 2192025Buy66.7030,0002,001,0002,625,045Form

Industry Resources

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