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.

92.36 0.22 −0.24%
Market cap
$118.4B
P/E
24.1×
Fwd P/E
15.4×
Dividend yield
3.60%
F-score
7/9
Altman Z
2.26
Beneish M
−2.64
Dividend safety
43/100

CVS Health Corporation (CVS) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, CVS Health Corporation (CVS) trades at a price to free cash flow of 10.0×. Over the past ten years it has ranged from 4.7× (August 2023) to 50.3× (October 2024); the current reading is higher than 52% of that period. That is below the Healthcare Plans industry median of 11.8× and below the Healthcare sector median of 20.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 12.9× 44.16%
FY2024 8.9× (10.61%)
FY2023 10.0× 10.28%
FY2022 9.1× 4.87%
FY2021 8.6× 29.80%
FY2020 6.7× (28.42%)
FY2019 9.3× (7.15%)
FY2018 10.0× (18.66%)
FY2017 12.3× 13.09%
FY2016 10.9× (38.16%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 11.3× (8.99%)
Mar 2026 12.4× (3.99%)
Dec 2025 12.9× (15.28%)
Sep 2025 15.2× (16.79%)
42 more quarters

Against its own ten years

Low 4.7× High 50.3×
Ten-year median 9.7×
Current reading's percentile 52

Price to free cash flow against peers

Company Price to free cash flow
OSCR Oscar Health, Inc. compare 2.2×
CNC Centene Corporation compare 3.8×
CI Cigna Group compare 8.7×
CVS CVS Health Corporation 10.0×
ELV Elevance Health, Inc. compare 14.8×
UNH UnitedHealth Group Incorporated compare 15.9×
HUM Humana Inc. compare 25.2×
CLOV Clover Health Investments, Corp. compare 31.6×
MOH Molina Healthcare, Inc compare 39.1×
Healthcare Plans industry median 11.8×
Healthcare sector median 20.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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