CVS Chart
About

CVS Health Corporation provides health solutions in the United States. The company operates through Health Care Benefits, Health Services, and Pharmacy & Consumer Wellness segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, medical management capabilities, Medicare Advantage and Medicare Supplement plans, PDPS and Medicaid health care management services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. The Health Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, specialty and mail order pharmacy, clinical, disease management, medical spend management services, pharmacy and other administrative services. It serves employers, insurance companies, unions, government employee groups, health plans, PDPS, Medicaid managed care plans, CMS, plans offered on public health insurance, and other sponsors of health benefit plans. The Pharmacy & Consumer Wellness segment sells prescription and over-the-counter drugs, consumer health and beauty products, personal care products, and other general merchandise products. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. It operates online retail pharmacy websites, retail specialty pharmacy stores, compounding pharmacies and branches for infusion and enteral nutrition services. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Healthcare Plans Market Cap 96.68B
Enterprise Value 163.89B Income 1.77B Sales 399.83B
Book/sh 59.18 Cash/sh 8.33 Dividend Yield 3.59%
Payout 191.37% Employees 219000 IPO —
P/E 54.67 Forward P/E 9.29 PEG —
P/S 0.24 P/B 1.28 P/C —
EV/EBITDA 11.21 EV/Sales 0.41 Quick Ratio 0.57
Current Ratio 0.84 Debt/Eq 106.06 LT Debt/Eq —
EPS (ttm) 1.39 EPS next Y 8.18 EPS Growth 76.60%
Revenue Growth 8.40% Earnings 2026-04-29 ROA 2.47%
ROE 2.29% ROIC — Gross Margin 13.29%
Oper. Margin 1.57% Profit Margin 0.44% Shs Outstand 1.27B
Shs Float 1.27B Short Float 1.62% Short Ratio 2.10
Short Interest — 52W High 85.15 52W Low 58.35
Beta 0.50 Avg Volume 8.36M Volume 2.68M
Target Price $96.50 Recom Buy Prev Close $74.18
Price $75.99 Change 2.44%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$96.50
Mean price target
2. Current target
$75.95
Latest analyst target
3. DCF / Fair value
$83.89
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$75.95
Low
$79.00
High
$138.00
Mean
$96.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-28 main Argus Research Buy → Buy $90
2026-01-27 main B of A Securities Buy → Buy $95
2025-12-17 main JP Morgan Overweight → Overweight $101
2025-12-12 main Bernstein Market Perform → Market Perform $87
2025-12-10 main Truist Securities Buy → Buy $98
2025-12-10 reit Piper Sandler Overweight → Overweight $101
2025-12-10 main UBS Buy → Buy $97
2025-12-10 main Barclays Overweight → Overweight $93
2025-12-10 main Mizuho Outperform → Outperform $95
2025-12-10 main Morgan Stanley Overweight → Overweight $93
2025-12-10 main Baird Outperform → Outperform $92
2025-12-05 main Bernstein Market Perform → Market Perform $86
2025-11-13 main Wells Fargo Overweight → Overweight $102
2025-11-03 main TD Cowen Buy → Buy $100
2025-10-30 main Evercore ISI Group Outperform → Outperform $95
2025-10-30 main RBC Capital Outperform → Outperform $93
2025-10-30 main Cantor Fitzgerald Overweight → Overweight $95
2025-10-30 reit Truist Securities Buy → Buy $95
2025-10-24 main UBS Buy → Buy $96
2025-10-14 main Morgan Stanley Overweight → Overweight $89
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1800 136872 — Stock Award(Grant) at price 76.04 per share. AGUIRRE FERNANDO Director — 2025-11-20 00:00:00 D
1 1652 125618 — Stock Award(Grant) at price 76.04 per share. SANSONE GUY P Director — 2025-11-20 00:00:00 D
2 1775 134971 — Stock Award(Grant) at price 76.04 per share. BALSER JEFFREY R M.D., PH.D. Director — 2025-11-20 00:00:00 D
3 1652 125618 — Stock Award(Grant) at price 76.04 per share. SHULMAN DOUGLAS H Director — 2025-11-20 00:00:00 D
4 1652 125618 — Stock Award(Grant) at price 76.04 per share. NORWALK LESLIE V Director — 2025-11-20 00:00:00 D
5 1775 134971 — Stock Award(Grant) at price 76.04 per share. BROWN C DAVID II Director — 2025-11-20 00:00:00 D
6 1652 125618 — Stock Award(Grant) at price 76.04 per share. KIRBY JOHN SCOTT Director — 2025-11-20 00:00:00 D
7 591 44940 — Stock Award(Grant) at price 76.04 per share. FINUCANE ANNE A Director — 2025-11-20 00:00:00 D
8 7500 532650 — Sale at price 71.02 per share. FINUCANE ANNE A Director — 2025-08-20 00:00:00 I
9 1570 100009 — Purchase at price 63.70 per share. SANSONE GUY P Director — 2025-06-05 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.00B-174.75M-214.86M-2.16B
TaxRateForCalcs0.190.250.250.26
NormalizedEBITDA15.10B14.39B19.05B20.68B
TotalUnusualItems-5.24B-688.00M-856.00M-8.34B
TotalUnusualItemsExcludingGoodwill-5.24B-688.00M-856.00M-8.34B
NetIncomeFromContinuingOperationNetMinorityInterest1.77B4.61B8.34B4.31B
ReconciledDepreciation4.61B4.60B4.37B4.22B
ReconciledCostOfRevenue346.70B321.41B303.35B267.96B
EBITDA9.86B13.70B18.20B12.35B
EBIT5.25B9.11B13.83B8.12B
NetInterestIncome-3.12B-2.96B-2.66B-2.29B
InterestExpense3.12B2.96B2.66B2.29B
NormalizedIncome6.01B5.13B8.99B10.49B
NetIncomeFromContinuingAndDiscontinuedOperation1.77B4.61B8.34B4.31B
TotalExpenses391.68B363.11B343.18B306.18B
TotalOperatingIncomeAsReported4.66B8.52B13.74B7.95B
DilutedAverageShares1.26B1.29B1.32B1.33B
BasicAverageShares1.26B1.28B1.31B1.32B
DilutedEPS3.666.473.265.95
BasicEPS3.676.493.296.00
DilutedNIAvailtoComStockholders1.77B4.61B8.34B4.31B
NetIncomeCommonStockholders1.77B4.61B8.34B4.31B
NetIncome1.77B4.61B8.34B4.31B
MinorityInterests40.00M28.00M-24.00M-16.00M
NetIncomeIncludingNoncontrollingInterests1.73B4.59B8.37B4.33B
NetIncomeDiscontinuousOperations0.000.00
NetIncomeContinuousOperations1.73B4.59B8.37B4.33B
TaxProvision408.00M1.56B2.81B1.51B
PretaxIncome2.14B6.15B11.17B5.84B
OtherIncomeExpense-5.13B-589.00M-768.00M-8.17B
OtherNonOperatingIncomeExpenses112.00M99.00M88.00M169.00M
SpecialIncomeCharges-5.24B-688.00M-856.00M-8.34B
GainOnSaleOfPPE0.000.00-349.00M-2.53B
GainOnSaleOfBusiness483.00M0.000.00
OtherSpecialCharges-491.00M5.80B452.00M
ImpairmentOfCapitalAssets5.72B0.000.000.00
RestructuringAndMergernAcquisition0.001.18B507.00M0.00
NetNonOperatingInterestIncomeExpense-3.12B-2.96B-2.66B-2.29B
InterestExpenseNonOperating3.12B2.96B2.66B2.29B
OperatingIncome10.38B9.70B14.60B16.29B
OperatingExpense44.98B41.71B39.83B38.21B
OtherOperatingExpenses44.98B41.71B39.83B38.21B
GrossProfit55.36B51.40B54.43B54.50B
CostOfRevenue346.70B321.41B303.35B267.96B
TotalRevenue402.07B372.81B357.78B322.47B
OperatingRevenue402.07B372.81B357.78B322.47B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber516.00M518.00M480.00M458.00M
OrdinarySharesNumber1.27B1.26B1.29B1.30B
ShareIssued1.79B1.78B1.77B1.76B
NetDebt56.12B57.68B53.41B39.31B
TotalDebt79.95B82.92B79.39B70.73B
TangibleBookValue-35.77B-43.03B-44.05B-31.48B
InvestedCapital139.78B141.83B138.07B123.72B
WorkingCapital-13.98B-15.96B-11.33B-3.79B
NetTangibleAssets-35.77B-43.03B-44.05B-31.48B
CapitalLeaseObligations15.38B16.65B17.77B18.48B
CommonStockEquity75.21B75.56B76.46B71.47B
TotalCapitalization135.72B136.09B135.10B121.94B
TotalEquityGrossMinorityInterest75.38B75.73B76.64B71.77B
MinorityInterest168.00M170.00M175.00M300.00M
StockholdersEquity75.21B75.56B76.46B71.47B
GainsLossesNotAffectingRetainedEarnings406.00M-120.00M-297.00M-1.26B
OtherEquityAdjustments406.00M-120.00M-297.00M-1.26B
TreasuryStock36.79B36.82B33.84B31.86B
RetainedEarnings61.20B62.84B61.60B56.40B
CapitalStock50.40B49.66B48.99B48.19B
CommonStock50.40B49.66B48.99B48.19B
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest178.16B177.49B173.09B156.51B
TotalNonCurrentLiabilitiesNetMinorityInterest89.46B92.88B93.90B87.08B
OtherNonCurrentLiabilities9.49B10.33B11.67B12.56B
EmployeeBenefits1.99B3.31B3.25B3.23B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.99B3.31B3.25B3.23B
NonCurrentDeferredLiabilities3.83B3.81B4.31B4.02B
NonCurrentDeferredTaxesLiabilities3.83B3.81B4.31B4.02B
LongTermDebtAndCapitalLeaseObligation74.14B75.43B74.67B67.28B
LongTermCapitalLeaseObligation13.64B14.90B16.03B16.80B
LongTermDebt60.50B60.53B58.64B50.48B
CurrentLiabilities88.69B84.61B79.19B69.42B
OtherCurrentLiabilities1.12B1.18B1.14B2.82B
CurrentDebtAndCapitalLeaseObligation5.80B7.49B4.71B3.46B
CurrentCapitalLeaseObligation1.74B1.75B1.74B1.68B
CurrentDebt4.07B5.74B2.97B1.78B
OtherCurrentBorrowings4.07B3.62B2.77B1.78B
CommercialPaper0.002.12B200.00M0.00
PayablesAndAccruedExpenses81.77B75.93B73.33B63.15B
CurrentAccruedExpenses22.39B20.81B23.52B18.75B
Payables59.38B55.12B49.82B44.40B
OtherPayable41.74B39.23B34.92B29.57B
AccountsPayable17.64B15.89B14.90B14.84B
TotalAssets253.54B253.22B249.73B228.28B
TotalNonCurrentAssets178.82B184.57B181.87B162.64B
OtherNonCurrentAssets5.12B4.79B4.66B4.62B
DefinedPensionBenefit1.99B3.31B3.25B3.23B
InvestmentsAndAdvances32.67B28.93B23.02B21.10B
OtherInvestments4.57B3.80B3.25B2.54B
InvestmentinFinancialAssets28.10B25.13B19.77B18.55B
HeldToMaturitySecurities1.38B1.35B1.18B989.00M
AvailableForSaleSecurities26.72B23.78B18.58B17.56B
GoodwillAndOtherIntangibleAssets110.99B118.59B120.51B102.95B
OtherIntangibleAssets25.51B27.32B29.23B24.80B
Goodwill85.48B91.27B91.27B78.15B
NetPPE28.06B28.94B30.43B30.75B
AccumulatedDepreciation-24.74B-23.45B-20.70B-21.48B
GrossPPE52.80B52.38B51.13B52.23B
Leases6.81B6.72B6.51B6.24B
OtherProperties14.97B15.94B17.25B17.63B
MachineryFurnitureEquipment24.61B23.24B20.84B21.82B
BuildingsAndImprovements4.59B4.63B4.57B4.54B
LandAndImprovements1.81B1.85B1.96B2.00B
Properties0.000.000.000.00
CurrentAssets74.71B68.64B67.86B65.63B
OtherCurrentAssets5.09B3.08B3.15B2.64B
AssetsHeldForSaleCurrent0.00908.00M0.00
Inventory19.25B18.11B18.02B19.09B
InventoriesAdjustmentsAllowances-607.00M-559.00M
OtherInventories18.63B19.65B
Receivables39.78B36.47B35.23B27.28B
OtherReceivables23.46B21.86B19.61B15.62B
AccountsReceivable16.32B14.61B15.62B11.66B
CashCashEquivalentsAndShortTermInvestments10.60B10.99B11.46B15.72B
OtherShortTermInvestments2.15B2.41B3.26B2.78B
CashAndCashEquivalents8.45B8.59B8.20B12.95B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow7.81B6.33B10.39B13.45B
RepurchaseOfCapitalStock0.00-3.02B-2.01B-3.50B
RepaymentOfDebt-5.75B-4.77B-8.17B-4.21B
IssuanceOfDebt3.97B9.83B16.10B0.00
CapitalExpenditure-2.83B-2.78B-3.03B-2.73B
EndCashPosition8.71B8.88B8.53B13.30B
BeginningCashPosition8.88B8.53B13.30B12.69B
ChangesInCash-172.00M359.00M-4.78B614.00M
FinancingCashFlow-4.94B-1.14B2.68B-10.52B
CashFlowFromContinuingFinancingActivities-4.94B-1.14B2.68B-10.52B
NetOtherFinancingCharges-158.00M-159.00M-382.00M-449.00M
ProceedsFromStockOptionExercised394.00M361.00M277.00M551.00M
CashDividendsPaid-3.40B-3.37B-3.13B-2.91B
CommonStockDividendPaid-3.40B-3.37B-3.13B-2.91B
NetCommonStockIssuance0.00-3.02B-2.01B-3.50B
CommonStockPayments0.00-3.02B-2.01B-3.50B
NetIssuancePaymentsOfDebt-1.78B5.06B7.93B-4.21B
NetShortTermDebtIssuance-2.12B1.92B200.00M0.00
ShortTermDebtPayments-2.12B0.00-5.00B0.00
ShortTermDebtIssuance0.001.92B5.20B0.00
NetLongTermDebtIssuance340.00M3.14B7.73B-4.21B
LongTermDebtPayments-3.63B-4.77B-3.17B-4.21B
LongTermDebtIssuance3.97B7.91B10.90B0.00
InvestingCashFlow-5.87B-7.61B-20.89B-5.05B
CashFlowFromContinuingInvestingActivities-5.87B-7.61B-20.89B-5.05B
NetOtherInvestingChanges26.00M101.00M68.00M85.00M
NetInvestmentPurchaseAndSale-2.63B-4.84B-1.31B-1.02B
SaleOfInvestment12.38B10.35B7.73B6.73B
PurchaseOfInvestment-15.01B-15.19B-9.04B-7.75B
NetBusinessPurchaseAndSale-436.00M-95.00M-16.61B-1.39B
SaleOfBusiness0.000.000.00
PurchaseOfBusiness-436.00M-95.00M-16.61B-1.39B
NetPPEPurchaseAndSale-2.83B-2.78B-3.03B-2.73B
SaleOfPPE0.000.00
PurchaseOfPPE-2.83B-2.78B-3.03B-2.73B
OperatingCashFlow10.64B9.11B13.43B16.18B
CashFlowFromContinuingOperatingActivities10.64B9.11B13.43B16.18B
ChangeInWorkingCapital-1.47B109.00M15.00M6.82B
ChangeInOtherCurrentLiabilities2.01B-3.54B1.54B6.46B
ChangeInOtherCurrentAssets-2.59B-38.00M-510.00M-491.00M
ChangeInPayablesAndAccruedExpense3.87B5.09B4.01B5.25B
ChangeInPayable3.87B5.09B4.01B5.25B
ChangeInAccountPayable3.85B2.33B3.62B4.26B
ChangeInInventory-1.27B-102.00M1.23B-1.44B
ChangeInReceivables-3.50B-1.30B-6.26B-2.97B
ChangesInAccountReceivables-3.50B-1.30B-6.26B-2.97B
OtherNonCashItems-336.00M-502.00M264.00M332.00M
StockBasedCompensation535.00M540.00M588.00M447.00M
AssetImpairmentCharge5.72B840.00M152.00M0.00
DeferredTax102.00M-572.00M-676.00M-2.03B
DeferredIncomeTax102.00M-572.00M-676.00M-2.03B
DepreciationAmortizationDepletion4.61B4.60B4.37B4.22B
DepreciationAndAmortization4.61B4.60B4.37B4.22B
OperatingGainsLosses-247.00M-491.00M349.00M2.06B
GainLossOnSaleOfBusiness-247.00M0.000.00-475.00M
NetIncomeFromContinuingOperations1.73B4.59B8.37B4.33B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CVS
Date User Asset Broker Type Position Size Entry Price Patterns