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CVS Health

CVS

CVS Health is a leading health solutions company that operates an integrated model across insurance, pharmacy services, and healthcare delivery.

Market cap
$133.3B+56.3%
Revenue$407.91B+7.6%
Net income$2.9B-44.5%
Free cash flow$7.4B-36.0%
EPS (diluted)$2.29-45.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$100.03B
EPS estimate$1.86

Financials

Q1 2026

Income statement

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Revenue$100.43B+6.2%
Gross profit$45.0B+3.3%
Operating income$4.7B+38.7%
Net income$2.9B+65.4%
EPS (diluted)$2.30+63.1%

Balance sheet

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Cash & equivalents$9.8B-5.6%
Total debt$15.2B-14.2%
Total equity$77.5B+0.7%
Total assets$252.97B-1.0%

Cash flow

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Operating cash flow$4.2B-6.7%
CapEx$849.0M+14.3%
Free cash flow$3.4B-10.8%

Valuation & ratios

Valuation

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Market cap$133.3B+56.3%
Enterprise value$138.76B+49.9%
P/E45.5×+26.6×
P/S0.3×+0.1×

Profitability

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Gross margin44.7%-0.1pp
Operating margin1.5%-1.1pp
Net margin0.7%-0.7pp
FCF margin1.8%

Returns & leverage

See full
Return on equity3.8%-3.2pp
Debt / equity0.2×0.0×
Current ratio0.9×0.0×

Segments

By segment

See full
Health Services$48.2B+11.0%
Health Care Benefits$36.0B+3.3%
Pharmacy & Consumer Wellness$32.0B+0.2%

Competitors

Profile

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.

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.

GeographiesUnited States, Puerto Rico, District of Columbia, Guam, U.S. Virgin Islands
Customer segmentsEnterprise employers, Government agencies, Individual consumers, Medicare and Medicaid beneficiaries
Business modelB2B insurance underwriting, B2C retail, Fee-for-service healthcare, Value-based care capitation, Subscription-based loyalty
SuppliersPharmaceutical manufacturers, Wholesale drug distributors, Medical equipment suppliers, Technology and AI infrastructure providers
CustomersIndividual patients and plan members, Corporate employers, Federal and state government agencies (CMS), Retirees
Listed1952
Employees300.0K
CEOJ. David Joyner
FilingsSEC EDGAR

Questions, answered.

What is CVS Health's market cap?
CVS Health (CVS) has a market capitalization of $133.30B and trades on NYSE.
What is CVS Health's revenue and profitability?
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.
Who are CVS Health's competitors?
CVS Health's key competitors include UnitedHealth Group, Cigna Corporation, Cencora, Inc., and others. These companies compete in similar markets and product categories.
Who does CVS Health partner with?
CVS Health's notable partners include Cardinal Health, Inc., Target Corporation, Blue Cross and Blue Shield Association.
What subsidiaries does CVS Health have?
CVS Health's subsidiaries include Aetna Inc., Oak Street Health, Inc., Signify Health, Inc., and others.
Where is CVS Health headquartered?
CVS Health is headquartered in United States of America and employs approximately 300,000 people. It has been publicly traded since 1952.