CVS Health Financial Ratios
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
CVS Health ratio analysis
CVS Health earned a net margin of 0.4% in FY 2025, down from 1.2% a year earlier. Gross margin was 45.0% compared with a median of 38.9% over the prior 9 years. Return on equity reached 2.4%, meaning CVS Health generated 0.02 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.86 versus 0.88 the year before, and the current ratio was 0.84. At the end of FY 2025, CVS traded at 57.6 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 11.3 to 57.6, with a median of 14.5. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
CVS Health financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 57.65 | 12.51 | 12.20 | 28.59 | 17.14 | 12.51 | 14.48 | — | 11.26 | 16.10 |
| Price / sales | 0.25 | 0.15 | 0.28 | 0.38 | 0.47 | 0.33 | 0.37 | 0.36 | 0.40 | 0.48 |
| Price / book | 1.35 | 0.76 | 1.33 | 1.71 | 1.81 | 1.29 | 1.50 | 1.20 | 1.96 | 2.30 |
| Gross margin | 45.0% | 44.7% | 39.3% | 38.9% | 39.8% | 39.0% | 38.2% | 19.6% | 15.4% | 16.3% |
| Operating margin | 1.2% | 2.3% | 3.8% | 2.5% | 4.6% | 5.2% | 4.7% | 2.1% | 5.2% | 5.8% |
| Net margin | 0.4% | 1.2% | 2.3% | 1.3% | 2.7% | 2.7% | 2.6% | -0.3% | 3.6% | 3.0% |
| Free cash flow margin | 1.9% | 1.7% | 2.9% | 4.2% | 5.4% | 5.0% | 4.0% | 3.5% | 3.3% | 4.5% |
| Return on equity (ROE) | 2.4% | 6.1% | 10.9% | 6.0% | 10.7% | 10.3% | 10.4% | -1.0% | 17.6% | 14.4% |
| Return on assets (ROA) | 0.7% | 1.8% | 3.3% | 1.9% | 3.4% | 3.1% | 3.0% | -0.3% | 7.0% | 5.6% |
| Debt / equity | 0.86 | 0.88 | 0.81 | 0.73 | 0.75 | 0.93 | 1.07 | 1.26 | 0.72 | 0.75 |
| Current ratio | 0.84 | 0.81 | 0.86 | 0.95 | 0.88 | 0.91 | 0.94 | 1.03 | 1.02 | 1.18 |
| Revenue growth | 7.8% | 4.2% | 10.9% | 10.4% | 8.7% | 4.6% | 32.0% | 5.3% | 4.1% | 15.8% |
| EPS growth | -62.0% | -43.4% | 98.5% | -45.8% | 10.3% | 7.5% | — | -108.9% | 31.4% | 5.8% |