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CVS Health CVS Operating margin

Operating margin at other companies

Dollar General logo
Dollar GeneralDG
5.3%+1.0pp
Humana logo
HumanaHUM
2.7%-1.7pp
Walmart
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Walmart WMT
4.2%-0.2pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
LifeMD, Inc. logo
LifeMD, Inc.LFMD
-9.8%-0.9pp
Amazon logo
AmazonAMZN
12.1%+0.7pp

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
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 trailing twelve months.

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 operating margin?
CVS Health (CVS) reported operating margin of 1.5% in Q1 2026.
How has CVS Health's operating margin changed year-over-year?
CVS Health's operating margin decreased by 42.4% year-over-year, from 2.5% to 1.5%.
What is the long-term trend for CVS Health's operating margin?
Over 5 years (2020 to 2025), CVS Health's operating margin has grown at a -25.9% compound annual growth rate (CAGR), from 5.2% to 1.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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