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CVS Health CVS Net debt / EBITDA

Net debt / EBITDA at other companies

Dollar General logo
Dollar GeneralDG
4.3×-1.6×
Humana logo
HumanaHUM
+1.6×
Walmart
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Walmart WMT
1.4×+0.1×
UnitedHealth Group logo
UnitedHealth GroupUNH
2.2×+0.8×
Amazon logo
AmazonAMZN
0.9×+0.2×
Centene logo
CenteneCNC
+1.0×

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$133.25B+71.0%
Enterprise value$138.71B+62.8%
P/E45.5×+28.2×
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

Calculated from CVS Health’s reported figures.

Based on the most recent quarter.

The source filing: CVS Health’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 6:33 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000064803-26-000052

FAQ

What is CVS Health's net debt / EBITDA?
CVS Health (CVS) reported net debt / EBITDA of 0.5× in Q1 2026.
How has CVS Health's net debt / EBITDA changed year-over-year?
CVS Health's net debt / EBITDA decreased by 0.4% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for CVS Health's net debt / EBITDA?
Over 5 years (2020 to 2025), CVS Health's net debt / EBITDA has grown at a -26.8% compound annual growth rate (CAGR), from 4.1× to 0.9×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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