CVS Health
CVS Health is a leading health solutions company that operates an integrated model across insurance, pharmacy services, and healthcare delivery. The company provides health insurance products, manages pharmacy benefits for millions of members, and delivers clinical care through retail locations and primary care centers. Its core value proposition focuses on simplifying the healthcare experience, improving patient outcomes, and lowering overall costs through a connected care ecosystem.
Financials
Based on Q1 2026 filing
Revenue
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Health Care Benefits
primaryOperates as a diversified health care benefits provider through Aetna, offering traditional and consumer-directed insurance products. It provides medical, pharmacy, dental, and behavioral health plans to employer groups, government-sponsored programs, and individuals.
Aetna, Medicare Advantage, Medicare Part D (PDP), Medicare Supplement, Medicaid health care management, Commercial Medical (HMO, PPO, POS, Indemnity), Health Savings Accounts (HSAs)
Employer groups, Government-sponsored plans (CMS), Individual insureds, Labor groups, Expatriates
Health Services
majorProvides a full range of pharmacy benefit management (PBM) solutions and delivers healthcare services through medical clinics, virtual care, and in-home evaluations. This segment focuses on value-based care models and pharmaceutical group purchasing.
CVS Caremark, Oak Street Health, Signify Health, MinuteClinic, Cordavis, NovoLogix, Specialty Expedite
Employers, Insurance companies, Unions, Health plans, Managed Medicaid plans, Pharmaceutical manufacturers
Pharmacy & Consumer Wellness
majorDispenses prescriptions through retail and infusion operations and sells a wide assortment of health, wellness, and general merchandise. It also provides pharmacy fulfillment services for the company's mail order and specialty pharmacy offerings.
CVS Pharmacy, ExtraCare loyalty program, ExtraCare Plus, CVS Health proprietary brands, WeCARE Workflow
Retail consumers, Pharmacy benefit managers, Managed care organizations, Government funded health care programs
Business Overview
Competitive Position
A leading integrated health solutions provider with a dominant position in pharmacy benefit management and retail pharmacy, and a significant presence in the Medicare Advantage market.
Geographies
United States, Puerto Rico, District of Columbia, Guam, U.S. Virgin Islands
Customer Segments
Enterprise employers, Government agencies, Individual consumers, Medicare and Medicaid beneficiaries
Upstream Dependencies
Pharmaceutical manufacturers, Wholesale drug distributors, Medical equipment suppliers, Technology and AI infrastructure providers
Downstream Customers
Individual patients and plan members, Corporate employers, Federal and state government agencies (CMS), Retirees
Competitors & Partners
Competitors
Cigna
CI
Competes via Express Scripts in PBM services
UnitedHealth Group
UNH
Competes via Optum Rx in PBM and UnitedHealthcare in insurance
Elevance Health
ELV
Managed healthcare competitor
Humana
HUM
Competitor in Medicare Advantage and pharmacy services
Centene
CNC
Competitor through Aetna in managed care and pharmacy services.
Walmart
WMT
Competes in retail pharmacy and discount general merchandise
Amazon
AMZN
Competes in online retail pharmacy
Dollar General
DG
Drug store competitor.
Partners
Cardinal Health
CAH
50/50 joint venture partner in Red Oak Sourcing, LLC for generic pharmaceutical procurement
Target
TGT
Operates pharmacies within Target retail stores
Blue Cross and Blue Shield Association
Contractual arrangement to provide pharmacy services to federal employees under the Service Benefit Plan
Subsidiaries
Aetna Inc.
Core health insurance and benefits business unit
Oak Street Health, Inc.
Value-based primary care center operator
Signify Health, Inc.
Provider of in-home health evaluations and value-based care enablement
Cordavis
Subsidiary focused on commercializing and co-producing biosimilar products
Red Oak Sourcing, LLC
Generic pharmaceutical sourcing venture
CVS Health FAQ
Common questions about CVS Health
CVS Health is a leading health solutions company that operates an integrated model across insurance, pharmacy services, and healthcare delivery. The company provides health insurance products, manages pharmacy benefits for millions of members, and delivers clinical care through retail locations and primary care centers. Its core value proposition focuses on simplifying the healthcare experience, improving patient outcomes, and lowering overall costs through a connected care ecosystem.
CVS Health (CVS) has a market capitalization of $118.99B and trades on NYSE.
CVS Health generated $407.91B in trailing twelve-month revenue with net income of $2.9B, representing a net margin of 0.7%. Gross margin stands at 44.7%, with free cash flow of $7.4B. These figures are based on the Q1 2026 filing.
CVS Health's key competitors include Cigna Corporation, UnitedHealth Group, Elevance Health, Inc., and others. These companies compete in similar markets and product categories.
CVS Health has approximately 300,000 employees.