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CVS Health CVS Equity Method Investments

Equity Method Investments at other companies

Humana logo
HumanaHUM
$627M-1.4%
UnitedHealth Group logo
UnitedHealth GroupUNH
$3.5B+2.9%
Centene logo
CenteneCNC
$16.3B-13.3%
Astrana Health logo
Astrana HealthASTH
$27.26M-28.3%
Oscar Health logo
Oscar HealthOSCR
$3.91M+62.3%
Evolent Health, Inc. logo
Evolent Health, Inc.EVH
$8.76M-2.4%

Other financials

Income statement

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Revenue$106.10B+7.3%
Gross profit$47.2B+5.2%
Operating income$4.7B+97.5%
Net income$3.0B+192%
EPS (diluted)$2.31+189%

Balance sheet

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Cash & equivalents$11.5B-4.1%
Total debt$74.3B+286%
Total equity$79.7B+3.0%
Total assets$253.77B-1.8%

Cash flow

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Operating cash flow$6.3B+234%
CapEx$691.0M+13.8%
Free cash flow$5.7B+338%

Valuation

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Market cap$126.47B+57.0%
Enterprise value$189.28B+116%
P/E25.9×+8.1×
P/S0.3×+0.1×

Profitability

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Gross margin44.5%-0.3pp
Operating margin2%-0.3pp
Net margin1.2%0.0pp
FCF margin2.8%

Returns & leverage

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Return on equity6.2%+0.3pp
Debt / equity0.9×+0.7×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by CVS Health in its filing.

Tagged under the XBRL concept us-gaap:LongTermInvestments.

The source filing: CVS Health’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 6:33 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000064803-26-000098
In millions, except per share amountsJune 30,2026December 31,2025
Inventories17,62219,246
Other current assets3,4575,091
Total current assets75,34674,714
Long-term investments33,24732,669
Property and equipment, net13,16813,083
Operating lease right-of-use assets14,45114,973
Goodwill85,47885,478
Intangible assets, net24,64425,508

Item 1.Financial Statements

FAQ

What is CVS Health's equity method investments?
CVS Health (CVS) reported equity method investments of $33.25B in Q2 2026.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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