What is CVS Health's free cash flow yield?

CVS Health (CVS) reported free cash flow yield of 8.1% in Q1 2026.

What does free cash flow yield mean?

The spendable cash the business throws off each year as a percentage of its market price.

How do you interpret free cash flow yield?

Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.

How does free cash flow yield compare across companies?

Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.

CVS Health CVS Free cash flow yield

Free cash flow yield at other companies

Dollar GeneralDG

8.6%-0.7pp

Walmart WMT

1.2%-0.6pp

UnitedHealth GroupUNH

8%+2.8pp

AmazonAMZN

0.5%-0.6pp

CenteneCNC

44.2%+39.2pp

Elevance HealthELV

10.4%+6.6pp

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%

CapEx$849.0M+14.3%

Free cash flow$3.4B-10.8%

Valuation

See full

Market cap$126.52B+7.0%

Enterprise value$131.99B+4.3%

P/E43.2×+20.7×

P/S0.3×0.0×

Profitability

See full

Gross margin44.7%-0.1pp

Operating margin1.5%-1.1pp

Net margin0.7%-0.7pp

Returns & leverage

See full

Return on equity3.8%-3.2pp

Debt / equity0.2×0.0×

Current ratio0.9×0.0×

Where this comes from

Calculated from CVS Health’s reported figures.

free cash flow/market cap=8.1%

Based on trailing twelve months.

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 free cash flow yield.

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

Connect your AI

Claude

Questions, answered.

What is CVS Health's free cash flow yield?: CVS Health (CVS) reported free cash flow yield of 8.1% in Q1 2026.
What does free cash flow yield mean?: The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?: Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?: Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.