What are CVS Health's profit margins?

CVS Health (CVS) runs a 44.7% gross margin and a 1.5% operating margin, with a 0.7% net margin.

Where do CVS Health's ratios come from?

Every ratio is computed from CVS Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

CVS Health CVS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	44.7%-0.1pp	45%+0.3pp	44.8%+1.3pp	44.8%+2.7pp	44.8%+4.0pp
Operating margin	1.5%-1.1pp	1.2%-1.1pp	1.2%-1.3pp	2.3%-1.1pp	2.5%-0.9pp
Net margin	0.7%-0.7pp	0.4%-0.8pp	0.1%-1.2pp	1.2%-0.8pp	1.4%-0.6pp
Returns
Return on equity	3.8%-3.2pp	2.3%-3.7pp	0.6%-6.1pp	5.9%-3.8pp	7%-3.1pp
Return on invested capital	7.1%-1.2pp	3.9%-0.3pp	1.6%-3.2pp	5.3%-1.0pp	8.3%-0.2pp
Efficiency
Asset turnover	1.6×+0.1×	1.6×+0.1×	1.6×+0.1×	1.5×+0.1×	1.5×0.0×
Liquidity
Current ratio	0.9×0.0×	0.8×0.0×	0.8×0.0×	0.8×-0.1×	0.8×0.0×
Leverage
Debt-to-equity	0.2×0.0×	0.2×-0.9×	1.2×0.0×	0.2×-0.9×	0.2×0.0×
Net debt / EBITDA	0.5×0.0×	0.9×-5.0×	7.9×+2.4×	0.5×-3.7×	0.5×-0.1×
Per Share
Book value per share	$60.56-0.5%	$59.18-1.2%	$57.47-3.5%	$60.93+2.4%	$60.86+4.3%
Valuation
Market capitalization	$91.37B+7.0%	$100.74B+78.3%	$95.62B+20.9%	$85.49B+15.3%	$85.42B-14.9%
Price / earnings	31.2×+15.0×	57×+44.7×	203.9×+188×	18.9×+8.6×	16.2×+2.5×
Price / sales	0.2×0.0×	0.3×+0.1×	0.2×0.0×	0.2×0.0×	0.2×-0.1×
Price / book	1.2×+0.1×	1.3×+0.6×	1.3×+0.3×	1.1×+0.1×	1.1×-0.2×
EV / EBITDA	9.2×+2.7×	11.7×+1.5×	17.9×+6.8×	6.8×-1.8×	6.5×0.0×
Dividend yield	3.7%-0.2pp	3.4%-2.6pp	3.5%-0.6pp	4%-0.4pp	3.9%+0.8pp

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Questions, answered.

What are CVS Health's profit margins?: CVS Health (CVS) runs a 44.7% gross margin and a 1.5% operating margin, with a 0.7% net margin.
Where do CVS Health's ratios come from?: Every ratio is computed from CVS Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.