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CVS Health CVS Return on invested capital

Return on invested capital at other companies

Dollar General logo
Dollar GeneralDG
7.4%+1.7pp
Humana logo
HumanaHUM
15.9%-9.7pp
Walmart
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Walmart WMT
15.3%-1.2pp
UnitedHealth Group logo
UnitedHealth GroupUNH
12.3%-6.5pp
Amazon logo
AmazonAMZN
17.8%+0.4pp
Centene logo
CenteneCNC
-25.1%-30.0pp

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 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 return on invested capital?
CVS Health (CVS) reported return on invested capital of 7.1% in Q1 2026.
How has CVS Health's return on invested capital changed year-over-year?
CVS Health's return on invested capital decreased by 14.4% year-over-year, from 8.3% to 7.1%.
What is the long-term trend for CVS Health's return on invested capital?
Over 5 years (2020 to 2025), CVS Health's return on invested capital has grown at a -10.9% compound annual growth rate (CAGR), from 7% to 3.9%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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