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CVS Health CVS Health Care Benefits — D&A

Other segment segments

Pharmacy & Consumer Wellness
$406M+5.7%
Health Services
$258M-1.1%
Corporate/ Other
$111M+6.7%

Similar metrics at other companies

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ZDHealth & Wellness — D&A
$13.85M+7.1%
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OSISHealthcare Division — D&A
$1.04M-18.0%
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OSCRD&A
$7.02M+4.3%
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PGHealth Care — Depreciation, Depletion and Amortization
$112M+16.7%
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CCLDHealthcare IT — D&A
$3.96M+21.5%
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CLOVInsurance segment — D&A
$515K+10.5%

Other financials

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

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Market cap$137.47B+82.2%
Enterprise value$142.93B+72.8%
P/E46.9×+30.2×
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

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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:DepreciationDepletionAndAmortization.

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

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Questions, answered.

What is CVS Health's health care benefits — D&A?
CVS Health (CVS) reported health care benefits — D&A of $340M in Q1 2026.
How has CVS Health's health care benefits — D&A changed year-over-year?
CVS Health's health care benefits — D&A decreased by 16.0% year-over-year, from $405M to $340M.
What is the long-term trend for CVS Health's health care benefits — D&A?
Over 4 years (2021 to 2025), CVS Health's health care benefits — D&A has grown at a -3.4% compound annual growth rate (CAGR), from $1.81B to $1.58B.
What does health care benefits — D&A mean?
This represents the non-cash expense allocated to the health insurance segment for the wear and tear of tangible assets and the amortization of intangible assets, such as customer relationships or acquired software. It reflects the ongoing investment in infrastructure and technology required to support the insurance business. Analyzing this helps distinguish between cash-based operating expenses and non-cash accounting charges.