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CVS Health CVS Gross margin

Gross margin at other companies

Dollar General logo
Dollar GeneralDG
30.8%+1.0pp
Walmart
 logo
Walmart WMT
25%+0.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
88.6%+0.4pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
Centene logo
CenteneCNC
98.7%+0.3pp
Elevance Health logo
Elevance HealthELV
89.2%+0.6pp

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$126.52B+7.0%
Enterprise value$131.99B+4.3%
P/E43.2×+20.7×
P/S0.3×0.0×

Profitability

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Operating margin1.5%-1.1pp
Net margin0.7%-0.7pp

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

Calculated from CVS Health’s reported figures.

Based on trailing twelve months.

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 gross margin?
CVS Health (CVS) reported gross margin of 44.7% in Q1 2026.
How has CVS Health's gross margin changed year-over-year?
CVS Health's gross margin decreased by 0.2% year-over-year, from 44.8% to 44.7%.
What is the long-term trend for CVS Health's gross margin?
Over 4 years (2021 to 2025), CVS Health's gross margin has grown at a 3.1% compound annual growth rate (CAGR), from 158.5% to 179.4%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.