CVS Health CapEx increased by 12.3% to $784.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.1%, from $768.00M to $784.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 3.0% CAGR.
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_capital_expenditures| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $486.00M | $608.00M | $597.00M | $1.05B | $408.00M | $580.00M | $688.00M | $984.00M | $591.00M | $545.00M | $911.00M | $705.00M | $638.00M | $670.00M | $768.00M | $743.00M | $607.00M | $698.00M | $784.00M |
| QoQ Change | — | +25.1% | -1.8% | +76.0% | -61.2% | +42.2% | +18.6% | +43.0% | -39.9% | -7.8% | +67.2% | -22.6% | -9.5% | +5.0% | +14.6% | -3.3% | -18.3% | +15.0% | +12.3% |
| YoY Change | — | — | — | — | -16.0% | -4.6% | +15.2% | -6.4% | +44.9% | -6.0% | +32.4% | -28.4% | +8.0% | +22.9% | -15.7% | +5.4% | -4.9% | +4.2% | +2.1% |