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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	179.4%+8.4pp	171.1%+14.9pp	156.2%-1.3pp	157.5%-1.0pp
Operating margin	7.3%-4.5pp	11.8%-0.4pp	12.1%-1.3pp	13.4%-6.0pp
Net margin	3.1%-3.5pp	6.6%-0.3pp	6.9%-0.9pp	7.8%-2.9pp
EBITDA margin	12%-4.7pp	16.7%-0.4pp	17.1%-1.9pp	19%-6.8pp
Returns
Return on equity	15.9%-16.7pp	32.6%-0.2pp	32.8%-0.2pp	33.1%-9.7pp
Return on assets	4.7%-4.9pp	9.7%-0.4pp	10%-0.4pp	10.5%-2.5pp
Return on invested capital	19.2%-4.7pp	23.9%+0.3pp	23.7%-6.3pp	30%-2.0pp
Efficiency
Asset turnover	6.2×+0.3×	5.9×+0.1×	5.8×+0.4×	5.4×+0.5×
Inventory turnover	48.9×+0.8×	48.1×+1.6×	46.5×+4.1×	42.4×+3.3×
Liquidity
Current ratio	3.3×0.0×	3.3×-0.2×	3.5×-0.2×	3.7×0.0×
Quick ratio	2.5×0.0×	2.5×-0.1×	2.6×-0.1×	2.6×0.0×
Cash ratio	0.4×0.0×	0.5×-0.2×	0.6×-0.1×	0.8×+0.1×
Leverage
Debt-to-equity	1.9×-1.8×	3.7×-0.7×	4.4×+1.1×	3.3×+0.6×
Debt-to-assets	0.5×-0.6×	1.1×-0.2×	1.3×+0.3×	1×+0.2×
Net debt / EBITDA	9.8×-6.5×	16.3×-3.3×	19.6×+5.8×	13.8×+5.3×
Interest coverage	9.2×-5.9×	15.1×-1.8×	16.9×-0.6×	17.5×-3.1×
Per Share
Book value per share	$238.44+0.5%	$237.30+3.8%	$228.70+3.8%	$220.28-0.4%
Valuation
Market capitalization	$367.27B+18.4%	$310.11B-17.4%	$375.34B-25.2%	$502B+9.7%
Enterprise value	$464.93B-15.2%	$548B-15.6%	$649.52B-5.5%	$687.04B+12.5%
Price / earnings	295.9×+244×	52×-23.7×	75.8×-20.6×	96.4×+35.8×
Price / sales	0.9×+0.1×	0.8×-0.2×	1.1×-0.5×	1.6×0.0×
Price / book	4.9×+0.7×	4.1×-0.9×	5.1×-1.8×	6.9×+0.7×
EV / EBITDA	43×+6.5×	36.5×-9.9×	46.4×-3.2×	49.6×+15.8×
EV / sales	1.2×-0.3×	1.5×-0.4×	1.9×-0.3×	2.2×0.0×
Earnings yield	13.7%-17.8pp	31.5%+6.0pp	25.5%+6.2pp	19.2%-7.4pp
Dividend yield	14.8%-2.9pp	17.7%+4.7pp	13%+4.1pp	9%-0.3pp

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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.