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. In the quarter to June 2026, revenue grew 7.26%, EPS grew 187.7%, free cash flow grew 338.3% and total debt fell 7.64%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.
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CVS Health Corporation (CVS) Operating margin
CVS Health Corporation's operating margin over the twelve months to 30 June 2026 was 2.00%, up 0.8 percentage points from fiscal 2025 (1.16%). Over the past ten years it has ranged from 1.16% (fiscal 2025) to 6.18% (fiscal 2015) — the current reading is the lowest in ten years. That is in line with the Healthcare Plans industry median of 1.93% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 1.16% | (1.12) |
| FY2024 | 2.28% | (1.56) |
| FY2023 | 3.84% | 1.37 |
| FY2022 | 2.47% | (2.09) |
| FY2021 | 4.56% | (0.62) |
| FY2020 | 5.18% | 0.51 |
| FY2019 | 4.67% | 2.60 |
| FY2018 | 2.07% | (3.09) |
| FY2017 | 5.16% | (0.69) |
| FY2016 | 5.85% | (0.33) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 4.43% | (0.23) |
| Mar 2026 | 4.66% | 2.66 |
| Dec 2025 | 2.00% | 5.12 |
| Sep 2025 | −3.12% | (5.53) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| UNH UnitedHealth Group Incorporated compare | 5.32% |
| OSCR Oscar Health, Inc. compare | 4.11% |
| ELV Elevance Health, Inc. compare | 3.63% |
| CI Cigna Group compare | 3.53% |
| CVS CVS Health Corporation | 2.00% |
| HUM Humana Inc. compare | 1.86% |
| MOH Molina Healthcare, Inc compare | 0.46% |
| CLOV Clover Health Investments, Corp. compare | −0.74% |
| CNC Centene Corporation compare | −2.78% |
| Healthcare Plans industry median | 1.93% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on CVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement