Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
CVS · NYSE · Healthcare
Fundamental quality
27
out of 100
CVS Health Corp's profile is defined by leverage: it carries high debt (5.22× EBITDA) on thin margins (0.7%), which makes it more sensitive to rates and the cycle. On fundamental quality it scores 27 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its growth (revenue +8.3%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
CVS Health is a healthcare conglomerate: the largest U.S. pharmacy chain, a major insurer (Aetna) and a pharmacy-benefit manager (Caremark). Vertical integration promised synergies; so far it has delivered complexity and debt.
EPS growth: -15.7% · Revenue growth: 8.3%
Net margin: 0.7% · ROE: 3.8% · ROIC: 3.8%
Net debt/EBITDA: 5.22x · FCF: 1.8%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 268,706 | 7,179 | 13,428 | 51,353 |
| 2021 | 292,111 | 8,001 | 15,745 | 42,563 |
| 2022 | 322,467 | 4,311 | 13,450 | 39,312 |
| 2023 | 357,776 | 8,344 | 10,395 | 53,414 |
| 2024 | 372,809 | 4,614 | 6,326 | 57,684 |
| 2025 | 402,067 | 1,768 | 7,807 | 56,117 |
Between 2020 and 2025, revenue went from $268,706M to $402,067M (+50%) and net income went from $7,179M to $1,768M (-75%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$2
per share, yearly
192.1% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is CVS Health Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is CVS Health Corp a good company to invest in?
In terms of business quality, CVS Health Corp scores 27 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is CVS Health Corp a profitable company?
CVS Health Corp is profitable, with a net margin of 0.7%, though a thin one.
Does CVS Health Corp have a lot of debt?
Yes, its leverage is high: net debt is 5.22 times its EBITDA.
Is CVS Health Corp growing?
Its revenue has grown 8.3% annualized in recent years, and without interruption since 2020.
Does CVS Health Corp generate cash?
Yes. It converts about 1.8% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see CVS Health Corp's filings on EDGAR
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