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CVS Health Corporation

CVS Healthcare Healthcare Plans

CVS Health Corporation’s revenue for fiscal 2025 (year ended December 2025) was $402.1 billion, up 7.85% from fiscal 2024.

Revenue
+5.37%
EPS
+154.1%
Free cash flow
+3,886.7%
Total debt
−7.83%

Quarter to September 2026, against a year earlier

83.85 2.52 +3.10%
Market cap
$104.0B
P/E
9.6×
Fwd P/E
11.8×
Dividend yield
3.19%
F-score
7/9
Altman Z
2.26
Beneish M
−2.64
Dividend safety
43/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

CVS Health Corporation (CVS) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, CVS Health Corporation (CVS) trades at a EV/EBITDA of 7.8×. Over the past ten years it has ranged from 6.7× (December 2018) to 15.5× (December 2022); the current reading is higher than 16% of that period. That is below the Healthcare Plans industry median of 12.6× and below the Healthcare sector median of 8.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.3× 20.90%
FY2024 8.5× 0.22%
FY2023 8.5× (34.61%)
FY2022 13.0× 31.94%
FY2021 9.9× 26.36%
FY2020 7.8× (18.74%)
FY2019 9.6× (8.50%)
FY2018 10.5× 27.77%
FY2017 8.2× (4.22%)
FY2016 8.6× (26.10%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 7.9× (18.04%)
Jun 2026 9.7× 10.47%
Mar 2026 8.8× (14.83%)
Dec 2025 10.3× 4.58%
43 more quarters

Against its own ten years

Low 6.7× High 15.5×
Ten-year median 9.2×
Current reading's percentile 16

EV/EBITDA against peers

Company EV/EBITDA
CVS CVS Health Corporation 7.8×
CI Cigna Group compare 8.1×
OSCR Oscar Health, Inc. compare 8.6×
ELV Elevance Health, Inc. compare 9.3×
CNC Centene Corporation compare 11.8×
HUM Humana Inc. compare 12.6×
UNH UnitedHealth Group Incorporated compare 14.0×
MOH Molina Healthcare, Inc compare 18.2×
PGNY Progyny, Inc. compare 20.9×
Healthcare Plans industry median 12.6×
Healthcare sector median 8.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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