What is CVS Health's capex?

CVS Health (CVS) reported capex of $849M in Q1 2026.

How has CVS Health's capex changed year-over-year?

CVS Health's capex increased by 14.3% year-over-year, from $743M to $849M.

What is the long-term trend for CVS Health's capex?

Over 4 years (2021 to 2025), CVS Health's capex has grown at a 3.0% compound annual growth rate (CAGR), from $2.52B to $2.83B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

CVS Health CVS CapEx

CapEx at other companies

Dollar GeneralDG

$351.61M+20.9%

HumanaHUM

$121M+27.4%

Walmart WMT

$6.68B+34.1%

UnitedHealth GroupUNH

$763M-15.0%

Option Care Health, Inc.OPCH

$9.05M-3.5%

AmazonAMZN

$44.2B+76.7%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$4.2B-6.7%

Free cash flow$3.4B-10.8%

Valuation

See full

Market cap$133.54B+58.6%

Enterprise value$139B+51.7%

P/E45.6×+29.6×

P/S0.3×+0.1×

Profitability

See full

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×

Where this comes from

Reported directly by CVS Health in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: CVS Health’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Ask your AI about CVS Health's capex.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is CVS Health's capex?: CVS Health (CVS) reported capex of $849M in Q1 2026.
How has CVS Health's capex changed year-over-year?: CVS Health's capex increased by 14.3% year-over-year, from $743M to $849M.
What is the long-term trend for CVS Health's capex?: Over 4 years (2021 to 2025), CVS Health's capex has grown at a 3.0% compound annual growth rate (CAGR), from $2.52B to $2.83B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.