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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	179.4%-0.1pp	179.4%+0.3pp	179.1%+1.3pp	177.8%+2.7pp	175.1%+4.0pp
Operating margin	6.2%-1.1pp	7.3%-1.1pp	8.4%-1.3pp	9.7%-1.1pp	10.8%-0.9pp
Net margin	2.4%-0.7pp	3.1%-0.8pp	3.9%-1.2pp	5.2%-0.8pp	6%-0.6pp
EBITDA margin	10.8%-1.2pp	12%-1.2pp	13.2%-1.4pp	14.6%-1.1pp	15.8%-1.0pp
Returns
Return on equity	12.7%-3.2pp	15.9%-3.7pp	19.7%-6.1pp	25.7%-3.8pp	29.5%-3.1pp
Return on assets	3.8%-0.9pp	4.7%-1.1pp	5.9%-1.8pp	7.7%-1.1pp	8.8%-0.9pp
Return on invested capital	18.1%-1.2pp	19.2%-0.3pp	19.5%-3.2pp	22.7%-1.0pp	23.7%-0.2pp
Efficiency
Asset turnover	6.3×+0.1×	6.2×+0.1×	6×+0.1×	6×+0.1×	5.9×0.0×
Inventory turnover	49.3×+0.4×	48.9×+0.4×	48.4×+0.2×	48.3×+0.1×	48.1×+0.1×
Liquidity
Current ratio	3.3×0.0×	3.3×0.0×	3.3×0.0×	3.2×-0.1×	3.3×0.0×
Quick ratio	2.5×0.0×	2.5×0.0×	2.5×0.0×	2.4×0.0×	2.5×0.0×
Cash ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.5×0.0×
Leverage
Debt-to-equity	1.8×0.0×	1.9×-0.9×	2.8×0.0×	2.8×-0.9×	3.6×0.0×
Debt-to-assets	0.5×0.0×	0.5×-0.3×	0.8×0.0×	0.8×-0.3×	1.1×0.0×
Net debt / EBITDA	9.8×0.0×	9.8×-5.0×	14.8×+2.4×	12.5×-3.7×	16.2×-0.1×
Interest coverage	7.9×-1.3×	9.2×-1.4×	10.6×-1.7×	12.3×-1.4×	13.7×-1.3×
Per Share
Book value per share	$238.13-0.1%	$238.44-0.3%	$239.13-0.9%	$241.19+0.6%	$239.78+1.0%
Valuation
Market capitalization	$373.22B+1.6%	$367.27B+13.7%	$323.02B+5.4%	$306.5B+3.8%	$295.15B-4.8%
Enterprise value	$468.93B+0.9%	$464.93B-5.2%	$490.2B+2.9%	$476.42B-10.1%	$530.2B-3.2%
Price / earnings	310.9×+15.0×	295.9×+44.7×	251.2×+188×	63.1×+8.6×	54.5×+2.5×
Price / sales	0.9×0.0×	0.9×+0.1×	0.8×0.0×	0.8×0.0×	0.8×-0.1×
Price / book	4.9×+0.1×	4.9×+0.6×	4.3×+0.3×	4×+0.1×	3.9×-0.2×
EV / EBITDA	45.7×+2.7×	43×+1.5×	41.5×+6.8×	34.7×-1.8×	36.5×0.0×
EV / sales	1.2×0.0×	1.2×-0.1×	1.3×0.0×	1.3×-0.2×	1.4×-0.1×
Earnings yield	10.8%-3.0pp	13.7%-6.4pp	20.1%-5.9pp	26%-4.4pp	30.4%-1.1pp
Dividend yield	14.6%-0.2pp	14.8%-2.6pp	17.4%-0.6pp	18.1%-0.4pp	18.5%+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.