CVS Health Corporation CVS
89.13
4.08
4.80%
as of 25 Sep
- Market cap
- $108.5B
- P/E
- 23.3×
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CVS Health Corporation (CVS) Gross margin
CVS Health Corporation's gross margin over the twelve months to 30 June 2026 was 44.5%, down 0.5 percentage points from fiscal 2025 (45.0%). Over the past ten years it has ranged from 17.0% (fiscal 2017) to 45.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Healthcare Plans industry median of 19.0% and below the Healthcare sector median of 53.7%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 45.0% | 0.32 |
| FY2024 | 44.7% | 5.35 |
| FY2023 | 39.3% | 0.38 |
| FY2022 | 38.9% | (0.88) |
| FY2021 | 39.8% | 0.85 |
| FY2020 | 39.0% | 0.78 |
| FY2019 | 38.2% | 18.59 |
| FY2018 | 19.6% | 2.64 |
| FY2017 | 17.0% | (0.51) |
| FY2016 | 17.5% | 0.16 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 44.5% | (0.27) |
| Mar 2026 | 44.8% | 0.67 |
| Dec 2025 | 44.1% | (0.43) |
| Sep 2025 | 44.6% | (0.85) |
| 42 more quarters | Free account |
Against its own ten years
Low 17.0%
High 45.0%
Ten-year median
38.9%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| CI Cigna Group compare | 88.5% |
| CVS CVS Health Corporation | 44.5% |
| OSCR Oscar Health, Inc. compare | 20.2% |
| UNH UnitedHealth Group Incorporated compare | 19.5% |
| CLOV Clover Health Investments, Corp. compare | 18.6% |
| ELV Elevance Health, Inc. compare | 15.1% |
| HUM Humana Inc. compare | 13.7% |
| MOH Molina Healthcare, Inc compare | 12.7% |
| CNC Centene Corporation compare | 7.82% |
| Healthcare Plans industry median | 19.0% |
| Healthcare sector median | 53.7% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CVS
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement