CVS CVS Health Corporation Common Stock
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| Ex-date | Split | Type |
|---|---|---|
| June 7, 2005 | 2-for-1 | Forward |
| June 16, 1998 | 2-for-1 | Forward |
| March 15, 1989 | 2-for-1 | Forward |
| May 3, 1983 | 2-for-1 | Forward |
About CVS Health Corporation Common Stock Company overview from Wikipedia
CVS Health Corporation is an American multinational healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world's second largest healthcare company, behind UnitedHealth Group. In 2023, the company was ranked 64th in the Forbes Global 2000. CVS started in Lowell, Massachusetts by brothers Stanley and Sidney Goldstein and their partner Ralph Hoagland. The name stood for Consumer Value Stores.
History
1960s
The first Consumer Value Store (CVS), selling health and beauty products, was founded in 1963, in Lowell, Massachusetts, by brothers Stanley and Sidney Goldstein and Ralph Hoagland. By 1964, CVS had 17 stores that sold primarily beauty products. In 1967, CVS opened its first stores with pharmacy departments in Warwick, Rhode Island, and Cumberland, Rhode Island. CVS was sold to Melville Corporation in 1969.
1970s
By 1970, CVS was operating 100 stores in New England and the Northeast. In 1972, CVS acquired 84 Clinton Drug and Discount Stores. This purchase introduced CVS to the Midwest with stores in Indiana. During 1977, CVS acquired 36 New Jersey–based Mack Drug stores.
1980s
In 1983, CVS began providing home health care for hemophilia. The company acquired Heartland Drug in 1988, a small pharmacy company in the Boston area giving it stores in the Boston metro including Watertown Square and Harvard Square.
1990s
CVS acquired 500 Peoples Drug stores in 1990, establishing the company in new mid-Atlantic markets including Washington, D.C., Pennsylvania, Maryland and Virginia. In 1994, it launched PharmaCare, a pharmacy benefit management (PBM) company. CVS became a standalone company trading on the New York Stock Exchange under the "CVS" ticker in 1996. Stanley Goldstein was the company's first chairman. CVS acquired over 2,500 Revco drug stores, establishing the company in additional Midwestern, Southeastern and Eastern states in 1997.
In 1998, the company acquired 207 stores from Arbor Drugs, giving CVS its first stores in Michigan. A year later, CVS acquired Soma.com, the first online pharmacy, and renamed it CVS.com to become the first fully integrated online and brick-and-mortar pharmacy offering to consumers.
2000s
In 2000, CVS acquired Stadtlander pharmacy from Bergen Brunswig Corporation, making CVS ProCare the largest specialty pharmacy in the U.S. at the time. In 2001, CVS launched the ExtraCare loyalty card program. Within a year, 30 million customers enrolled to earn rewards and receive discounts. CVS purchased 1,268 Eckerd drug stores and Eckerd Health Services, Eckerd's PBM/Mail-order pharmacy business, from JCPenney in 2004. The purchase expanded the company's footprint in Texas, Florida and other southern states.
2006 saw CVS acquiring 700 freestanding drug store operations of supermarket chain Albertsons, including stores trading under the Osco Drug and Sav-On Drugs banners. That same year, it acquired Minneapolis-based MinuteClinic. CVS Corporation and Caremark Rx, Inc. completed their transformative merger in 2007, creating CVS Caremark, an integrated pharmacy services provider, and the corporate headquarters remained in Woonsocket, RI. Tom Ryan, the chairman and CEO of CVS remained president and CEO of CVS Caremark Corporation, while Caremark's Edwin Crawford became the chairman of the board. CVS Caremark acquired 541 stores from Longs Drugs Stores Corp in California, Hawaii, and Nevada in 2008.
2010s
2011 saw Larry Merlo succeeding Tom Ryan as president and CEO of CVS Caremark. Merlo joined CVS/pharmacy in 1990, through the acquisition of Peoples Drug. On September 3, 2014, it was announced that CVS, as of midnight Tuesday September 2, 2014, would no longer sell tobacco products at all of its 7,700 locations nationwide, a month earlier than planned. It also announced it would change its corporate name to CVS Health to reflect "its broader health care commitment" and a desire to change the future health of Americans, although all retail stores would continue to be called "CVS/pharmacy", unless they did not contain a pharmacy, in which case they are just signed CVS. On February 5, 2014, CVS announced that the company would discontinue the sale of all tobacco and cigarette products from their stores by October 1, 2014. CVS Caremark acquired Coram in 2014, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc. That same year, the company acquired 33 Miami-based Navarro Discount Pharmacy stores, the largest Hispanic-owned drugstore chain the United States. A year later in 2015, it acquired Omnicare, provider of pharmacy services to long-term care facilities. CVS Health acquired Target's 1,600+ pharmacies and retail medical clinics inside Target stores that same year. CVS has begun operating them through a store-within-a-store format.
CVS announced they would be installing 25 vending machines in high traffic areas like, bus terminals, airports, and college campuses in 2017. The first kiosks will be located in LaGuardia Airport and Boston's South Station Bus Terminal and will carry personal items such as toothpaste, deodorant, batteries, and healthy snack foods. In December, CVS announced they agreed to buy health insurer Aetna for about $207 per share, broken down into $145 in cash and the rest in stock, in December 2017. If approved, it would allow CVS to provide a broad range of health services to Aetna's 22 million medical members. On December 5, 2017, The Wall Street Journal reported that there was still a $69 billion deal pending between CVS and Aetna, so long as it received government approval. CVS CEO Larry Merlo had been named to run the combined company. In November 2018, CEO Larry Merlo told USA Today that the drugstore chain plans to renovate its stores to focus more on health care and less on retail following its merger with the health insurance company Aetna. The new strategy is to offer medical services along with prescription drugs, among other products. On June 4, 2019, USA Today reported on the planned expansion of a CVS Health store concept called HealthHUB to 1,500 locations by the end of 2021. The concept, launched in the Houston area in early 2019, realigns CVS retail outlets with a stronger focus on health care services. HealthHUB stores dedicate at least 20% of their floor space to health care services such as yoga classes and enlarged Minute Clinic spaces to offer more health assessments. To accommodate HealthHUB, CVS locations will reduce the floor space currently devoted to slower-selling merchandise, such as greeting cards. The store conversions to the HealthHUB format was paused in March 2020, due to the COVID-19 pandemic.
2020s
In February 2020, CVS announced changes to its board of directors, whose size was reduced from 16 to 13 directors. On November 18, 2021, the company announced that it plans to close 900 stores nationwide over the next three years because of what executives described as changes in consumer shopping behavior, population, and the future of health care needs. The closures would represent approximately 10 percent of stores in the US. On November 23, 2021, federal jury found that CVS, along with Walgreens and Walmart, "had substantially contributed to" the opioid crisis.
On December 2, 2021, CVS announced a strategic partnership with Microsoft to improve personalized care and digital health. In September 2022, CVS Health announced that it reached an agreement to buy at-home health company Signify Health for roughly $8 billion. It came one month after it announced a plan to move into primary care by the end of the year. On February 8, 2023, the company announced it has entered into a definitive agreement to acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. The merger was completed in May 2023.
Finances
Subsidiaries and assets
Aetna
Aetna Inc. is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
CVS Pharmacy
CVS Pharmacy is one of the largest retail pharmacy chains in the United States, with 9,600 stores located in all 50 states, the District of Columbia, and Puerto Rico, operating primarily under the CVS Pharmacy, CVS, Longs Drugs, Navarro Discount Pharmacy and Drogaria Onofre names. CVS Pharmacy fills more than one of every five prescriptions in the United States, and 85% of U.S. population lives within 10 miles of a CVS Pharmacy. The ExtraCare loyalty program boasts over 70 million cardholders, making it the largest retail loyalty program in the country.
MinuteClinic
MinuteClinic retail medical clinics operate inside CVS Pharmacy locations within the United States. It is the largest walk-in medical clinic in the United States, with over 1,100 locations in 33 states and the District of Columbia. More than 50 percent of the U.S. population now lives within 10 miles of a MinuteClinic.
CVS Caremark
CVS Caremark provides comprehensive prescription benefit management services including mail order pharmacy services, specialty pharmacy and infusion services, plan design and administration, formulary management and claims processing. The company's clients are primarily employers, insurance companies, unions, government employee groups, health plans, Managed Medicaid plans and other sponsors of health benefit plans and individuals throughout the United States. CVS Caremark manages the dispensing of prescription drugs for more than 75 million plan members through five mail order pharmacies, specialty pharmacies, long-term care pharmacies and national network of more than 68,000 retail pharmacies, consisting of approximately 41,000 chain pharmacies and 27,000 independent pharmacies.
CVS Media Exchange
CVS Media Exchange (CMX) is CVS Health's retail media network, launched in 2020.
CVS Specialty
CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in the United States.
Longs Drugs
Longs Drugs is a retail pharmacy chain with approximately 40 drug stores throughout the state of Hawaii. Prior to its acquisition by CVS in 2008, it was a chain of over 500 stores located primarily on the west coast of the United States. The stores in states other than Hawaii were rebranded to CVS.
Navarro Discount Pharmacies
Navarro Discount Pharmacies is a pharmacy chain, photo service, and pharmacy benefit manager in the United States. The company was acquired by CVS Health in September 2014, and is operated as a separate brand of CVS Health. The company mainly operates in Miami-Dade and Broward Counties and currently has 33 stores.
Accordant
Accordant provides rare disease case management and care management services for patients with rare, chronic diseases and their caregivers. Clients are primarily health plans, employers, and third party administrators (TPAs). The company is operated as a wholly owned subsidiary of CVS Health Corporation.
Coram
Coram is one of the nation's largest providers of infusion services, clinical and compliance monitoring and individual patient counseling and education. Coram cares for 140,000 patients annually through a national network of more than 85 locations as well as the largest home infusion network in the United States. The company was acquired by CVS Health in August 2015, and is operated as a wholly owned subsidiary of CVS Health Corporation.
Omnicare
Omnicare is a provider of pharmacy services to the long-term care market for patients in skilled nursing and assisted living facilities throughout North America. The company was acquired by CVS Health in August 2015, and is operated as a wholly owned subsidiary of CVS Health Corporation.
HealthHUB
HealthHUBs operate inside of select CVS Pharmacy locations and offer a variety of additional services in addition to traditional CVS locations. HealthHUB locations offer and expanded variety of Sleep Apnea, Durable Medical Equipment, Home and Health technology, and compression therapy. HealthHUBs are staffed by Care Concierges who are experts in HealthHub products and services. In addition, MinuteClinic locations that are HealthHub stores have expanded services and hire Medical Assistants, Registered Nurses, and Licensed Practical and Vocational Nurses to help support the Nurse Practitioners and Physician Assistants.
Store brands and private label brands
CVS Health offers a number of over-the-counter private label brands in their retail pharmacy stores, including grocery brands Gold Emblem™ and Gold Emblem Abound™; household products under the Total Home name; preservative-free vitamins and supplements under the Radiance PLATINUM line; and beauty and skin products through the Beauty 360, Nuance Salma Hayek, Makeup Academy, Skin+Pharmacy, Blade and Essence of Beauty lines.
Criticism and controversy
Health and Medicare fraud
In the late 1980s and early 1990s, Caremark RX was involved in a number of health fraud and Medicare fraud scandals.
The combined price to settle this dispute with the U.S. Government cost the company over $250 million.
Elensys
In 1998, The Washington Post reported that CVS Corporation appeared to be sharing prescription drug information with the Woburn, Massachusetts, based marketing company, Elensys. According to the Post, Elensys received information on specific prescription drugs that individual CVS customers had purchased and used this information to send targeted direct mailings urging customers to renew prescriptions and promoting other products in which they might be interested. CVS and Elensys argued that there were no privacy issues because Elensys was acting solely as a contractor to CVS, and because the purpose of the mailings was to educate consumers. CVS claimed that it never shared customers' medical histories with Elensys (despite The Washington Post's indirect evidence that they had). George D. Lundberg, editor of the Journal of the American Medical Association, called the practice "a gross invasion" of privacy. Following a firestorm of criticism and complaints by consumers, CVS discontinued the relationship with Elensys, and moved the practice in-house.
Trio Drugs Lawsuit
On August 22, 2001, CVS Corp was sued for purchasing Trio Drugs' confidential records.
Boston prescriptions
During 2005, a series of prescription mistakes came to light in some of CVS Corporation's Boston-area stores. An investigation confirmed 62 errors or quality problems going back to 2002. In February 2006, the state Board of Pharmacy announced that the non-profit Institute for Safe Medication Practices (ISMP) would monitor all Massachusetts stores for the next two years.
Restatements
On November 15, 1999, CVS announced a restatement of its financial results for 1997, and 1998, following a Securities and Exchange Commission review of acquisition-related charges.
On February 25, 2005, CVS said it was reducing its previously announced fourth-quarter earnings by $40.5 million, to reflect the way it accounted for leased properties in its results.
Pharmaceutical kickbacks
In 2005, Caremark Rx paid $137.5 million to settle federal lawsuits filed by whistleblowers that accused a company it acquired in 2003, of improper dealings with pharmaceutical manufacturers.
The lawsuits said that the acquired company, AdvancePCS, accepted kickbacks from drug makers to promote their products over those of rivals under contracts with government programs including the Federal Employees Health Benefit Program, the Mail Handlers Health Benefit Program and Medicare health maintenance plans.
There was no admission of wrongdoing by Caremark or AdvancePCS.
CVS Caremark Corp. has changed their practices. The formulary revision process considers manufacturer rebates, payments from drug manufacturers for low placement on PBM (Pharmacy Benefit Manager) formularies, along with average wholesale price (AWP), drug availability, and bulk discounts when choosing at which co-pay a brand name drug should be placed.
Deceptive business practices
In February 2008, CVS settled a large civil lawsuit for deceptive business practices. The Kaiser Family Foundation reported:
CVS has agreed to a $38.5 million settlement in a multi-state civil deceptive-practices lawsuit against pharmacy benefit manager Caremark filed by 28 attorneys general, the Chicago Tribune reports. The attorneys general, led by Lisa Madigan (D) of Illinois and Douglas Ganslar (D) of Maryland, allege that Caremark "engaged in deceptive business practices" by informing physicians that patients or health plans could save money if patients were switched to certain brand-name prescription drugs (Miller, Chicago Tribune, 2/14).
However, the switch often saved patients and health plans only small amounts or increased their costs, while increasing Caremark's profits, Connecticut Attorney General Richard Blumenthal (D) said (Levick, Hartford Courant, 2/15). Pennsylvania Attorney General Tom Corbett (R) said the Pharmacy Benefit Manager (PBM), kept discounts and rebates that should have been passed on to employers and patients (Levy, AP/San Francisco Chronicle, 2/14). In addition, Caremark did not "adequately inform doctors" of the full financial effect of the switch and did not disclose that the switch would increase Caremark's profits, the lawsuit alleges (Chicago Tribune, 2/14).
...The settlement prohibits CVS from requesting prescription drug switches in certain cases, such as when the cost to the patient would be higher with the new prescription drug; when the original prescription drug's patent will expire within six months; and when patients were switched from a similar prescription drug within the previous two years (Hartford Courant, 2/15). Patients also have the ability to decline a switch from the prescribed treatment to the prescription offered by the pharmacy under the settlement, Madigan said (Bloomberg News/The Philadelphia Inquirer, 2/15).
Rhode Island Senate corruption case
In 2008, two former CVS executives, John R. "Jack" Kramer and Carlos Ortiz, were charged with 20 counts of mail fraud, bribery and conspiracy in relation to Operation Dollar Bill, a probe of corruption in the Rhode Island General Assembly. Kramer and Ortiz hired former state senator John Celona, who currently is serving 2+1⁄2 years on corruption charges involving CVS and other companies, as a media consultant for $12,000 a year. Celona was known for walking out on a pharmacy choice vote in the state senate while on the CVS payroll. Despite originally claiming CVS never bought any favors in his own trial, he testified against Kramer and Ortiz as the prosecution's star witness. On May 31, 2008, Kramer and Ortiz were acquitted on all counts. One juror went on the record as saying "My perception living in Rhode Island all my life is, 'Yeah, this probably did go on', but I didn't see any proof beyond a reasonable doubt that CVS did this."
Privacy violations
On February 18, 2009, CVS Caremark agreed to settle Federal Trade Commission charges that it failed to take reasonable and appropriate security measures to protect the sensitive financial and medical information of its customers and employees, in violation of federal law. In a separate but related agreement, the company's pharmacy chain also has agreed to pay $2.25 million to resolve Department of Health and Human Services allegations that it violated the Health Insurance Portability and Accountability Act (HIPAA).
In September 2026, CVS entered into a $20.5 million class action settlement after a lawsuit alleged that CVS disclosed customers' personal data to advertising company Criteo.
Business practices under investigation
On May 4, 2010, CVS Caremark Corp. announced that its business practices were being investigated by a group of 24 states, along with the District of Columbia and Los Angeles County. At issue is the post-merger relationship between CVS and Caremark. In addition, the company had earlier acknowledged in a filing with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Office of Inspector General of the United States Department of Health and Human Services, requiring the company to provide information regarding the incentives the company provides to customers who transfer their prescriptions to CVS, including gift cards, goods and other incentives.
DEA investigation into oxycodone diversion
According to the U.S. Justice Department, in 2011, CVS pharmacies in Sanford, Florida, ordered enough painkillers to supply a population eight times its size. Sanford has a population of 53,000 but the supply would support 400,000. According to the Drug Enforcement Administration, in 2010, a single CVS pharmacy in Sanford ordered 1.8 million Oxycodone pills, an average of 137,994 pills a month. Other pharmacy customers in Florida averaged 5,364 oxycodone pills a month. DEA investigators serving a warrant to a CVS pharmacy in Sanford on October 18, 2011, noted that "approximately every third car that came through the drive-thru lane had prescriptions for oxycodone or hydrocodone". According to the DEA, a pharmacist at that location stated to investigators that "her customers often requested certain brands of oxycodone using street slang", an indicator that the drugs were being diverted and not used for legitimate pain management. In response, CVS in a statement issued February 17 in response to opioid trafficking questions from USA Today said the company is committed to working with the DEA and had taken "significant actions to ensure appropriate dispensing of painkillers in Florida".
FTC charges of deceptive pricing
On January 12, 2012, CVS Caremark paid $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare Part D prescription drugs – including drugs used to treat breast cancer symptoms and epilepsy – at CVS and Walgreens pharmacies.
Co-responsibility for opioid crisis
In September 2016, Massachusetts Attorney General Maura Healey announced a $795,000 settlement where CVS agrees to check a state database before filling the prescription for addictive opioids and other controlled substances. The settlement resolves previous allegations that the drugstore chain failed to provide pharmacists with access to the state of Massachusetts Prescription Monitoring Program (PMP). In July 2020, the attorney general of the Commonwealth of Kentucky filed a lawsuit against CVS alleging that their business practices aided in the advancing of the opioid epidemic.
In November 2021, a federal jury in Cleveland found that pharmacies operated by CVS Health, Walgreens, and Walmart were liable for contributing to the opioid epidemic in two Ohio counties. The trial lasted six weeks with the jury returning a verdict finding the Ohio pharmacies liable. It was the first trial where pharmacy companies defended themselves amidst the opioid epidemic.
In August 2022, the company was one of three chains ordered to pay damages of $650 million by a Cleveland judge in a lawsuit over opioid sales brought on by Lake County and Trumbull County in Ohio. The other two chains were Walgreens and Walmart, with two others, Rite Aid and Giant Eagle, settling before going to trial. Lawyers representing the counties claimed damages of $3.3 billion.
CFI lawsuit for consumer fraud
In July 2018, the Center for Inquiry filed a lawsuit against CVS for consumer fraud over its sale of homeopathic medicines. The filing in part contends that apart from being a waste of money, choosing homeopathic treatments to the exclusion of evidence-based medicines can result in worsened or prolonged symptoms, and in some cases, even death.
Abortion pill controversy
In January 2023, CVS announced their intentions to start dispensing mifepristone, one of the two drugs used in a medication abortion, following a change in regulations from the Food and Drug Administration. After receiving their certification to do so, CVS started offering abortion pills in jurisdictions where they are legal. The offering of abortion pills at pharmacies such as CVS has caused major political turmoil, and has resulted in numerous protests in-front of the pharmacies.
Pharmacists mistakenly cause an abortion
In October 2023, CVS mistakenly gave misoprostol, an abortion pill, to Tamika Thomas, a woman undergoing IVF who was supposed to be receiving a medication to help kick-start her pregnancy. In an interview with 8 News Now, Thomas stated she knew something was wrong when she experienced major cramping. "My cramping went beyond that. It was extreme. It was painful." As a result of the medication, Tamika lost both of her embryos. She stated, "They just killed my baby … Both my babies, because I transferred two embryos."
At the hearing, one of the pharmacists stated, "It's a human error. It was just a human error, and I'm so sorry." The two pharmacists were fined and placed on probation for one year. CVS Pharmacy was given a maximum fine of $10,000. The pharmacists will be able to return to work after one year if all conditions are met.
Animal welfare
In 2016, CVS committed to source 100% cage-free eggs by 2025, responding to pressure from animal welfare groups. In 2023, CVS announced that they reached this goal ahead of schedule, on December 31, 2022.
Community involvement and philanthropy
Since 1978, CVS Samaritan Vans have provided free roadside assistance to motorists and the community in numerous cities.
Played at the Rhode Island Country Club, the CVS Caremark Charity Classic was established to raise money for the support of non-profit agencies throughout New England. Since 1999, it has raised over $8 million for charity.
In 2024, CVS Health committed to invest nearly $35 million in equity to create two affordable housing developments in Hawai'i. A $17.5 million investment went toward the construction of 200 new affordable housing units at Kaiāulu o Kūku'ia (Lahaina, Maui), while another $17.3 million, along with The Kobayashi Group, The Ahe Group and CREA, LLC, was invested in the construction of 169 new affordable housing units at Parkway Village (Kapolei, Oahu).
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | CVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 24.35Y avg ≈25.5 | ≈25.5 | 23.3 | Overvalued | |
| P/S (TTM) | 0.35Y avg ≈0.3 | ≈0.3 | 1.3 | Undervalued | |
| P/B (MRQ) | 1.55Y avg ≈1.4 | ≈1.4 | 3.0 | Undervalued | |
| EV / EBITDA | 11.55Y avg ≈6.1 | ≈6.1 | 11.4 | Undervalued | |
| Price / FCF (TTM) | 10.05Y avg ≈9.9 | ≈9.9 | · | · | |
| Price / Cash Flow (TTM) | 8.05Y avg ≈7.6 | ≈7.6 | 9.8 | Fair value | |
| EV / Revenue | 0.35Y avg ≈0.2 | ≈0.2 | · | · | |
| EV / FCF | 13.75Y avg ≈9.3 | ≈9.3 | · | · | |
| Price / Tangible Book (MRQ) | 2.1 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | CVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 2.0%5Y avg ≈2.8% | ≈2.8% | 8.3% | Below avg | |
| EBITDA Margin (TTM) | 3.1%5Y avg ≈4.1% | ≈4.1% | 8.8% | Below avg | |
| Pretax Margin (TTM) | 1.4%5Y avg ≈2.1% | ≈2.1% | 3.8% | In line | |
| Net Profit Margin (TTM) | 1.2%5Y avg ≈1.6% | ≈1.6% | 5.1% | Below avg | |
| ROA (TTM) | 1.9%5Y avg ≈2.2% | ≈2.2% | 4.0% | Weak | |
| ROE (TTM) | 6.2%5Y avg ≈7.3% | ≈7.3% | 12.5% | Weak | |
| ROIC | 5.0%5Y avg ≈9.6% | ≈9.6% | 9.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | CVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.05Y avg ≈0.0 | ≈0.0 | 0.4 | Low debt | |
| Current Ratio (MRQ) | 0.95Y avg ≈0.9 | ≈0.9 | 1.4 | Low liquidity | |
| Quick Ratio (MRQ) | 0.65Y avg ≈0.6 | ≈0.6 | 0.8 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | CVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.8%5Y avg ≈8.4% | ≈8.4% | · | · | |
| Revenue CAGR 3Y | 7.6%5Y avg ≈8.7% | ≈8.7% | · | · | |
| Revenue CAGR 5Y | 8.4% | · | · | · | |
| EPS YoY | -62.0%5Y avg ≈-8.5% | ≈-8.5% | · | · | |
| Net Income YoY | -61.7%5Y avg ≈-9.5% | ≈-9.5% | · | · | |
| EPS CAGR 3Y | -24.7%5Y avg ≈-11.4% | ≈-11.4% | · | · | |
| EPS CAGR 5Y | -23.9% | · | · | · | |
| Net Income CAGR 3Y | -25.7%5Y avg ≈-12.4% | ≈-12.4% | · | · | |
| Net Income CAGR 5Y | -24.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | CVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.65Y avg ≈1.4 | ≈1.4 | 1.2 | Top tier | |
| Inventory Turnover | 11.85Y avg ≈11.1 | ≈11.1 | 15.6 | Below avg | |
| Receivables Turnover | 10.55Y avg ≈11.5 | ≈11.5 | 10.5 | In line | |
| Revenue / Employee | ≈$1.8M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Oct 22, 2026 | $0.67 | USD | ≈2.8% |
| Jul 23, 2026 | $0.67 | USD | ≈2.5% |
| Apr 23, 2026 | $0.67 | USD | ≈3.4% |
| Jan 22, 2026 | $0.67 | USD | ≈3.2% |
| Oct 23, 2025 | $0.67 | USD | ≈3.3% |
| Jul 22, 2025 | $0.67 | USD | ≈4.4% |
| Apr 22, 2025 | $0.67 | USD | ≈4.1% |
| Jan 23, 2025 | $0.67 | USD | ≈4.9% |
| Oct 21, 2024 | $0.67 | USD | ≈4.6% |
| Jul 22, 2024 | $0.67 | USD | ≈4.5% |
| Apr 19, 2024 | $0.67 | USD | ≈3.6% |
| Jan 19, 2024 | $0.67 | USD | ≈3.4% |
| Oct 19, 2023 | $0.61 | USD | ≈3.4% |
| Jul 20, 2023 | $0.61 | USD | ≈3.2% |
| Apr 20, 2023 | $0.61 | USD | ≈3.2% |
| Jan 19, 2023 | $0.61 | USD | ≈2.6% |
| Oct 20, 2022 | $0.55 | USD | ≈2.4% |
| Jul 21, 2022 | $0.55 | USD | ≈2.3% |
| Apr 21, 2022 | $0.55 | USD | ≈2.0% |
| Jan 20, 2022 | $0.55 | USD | ≈2.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $2.58 | $1.87 | 38.0% |
| March 31, 2026 | $2.57 | $2.22 | 15.8% | |
| Dec. 31, 2025 | $1.09 | $1.00 | 8.8% | |
| Sept. 30, 2025 | $1.60 | $1.38 | 15.7% | |
| June 30, 2025 | $1.81 | $1.47 | 23.0% | |
| March 31, 2025 | $2.25 | $1.72 | 30.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $402.07B | $372.81B | $357.78B | $322.47B | $292.11B | $268.71B | $256.78B | · | $184.79B | $177.55B | $153.29B | |
| Cost of Revenue | $221.17B | $206.29B | $217.10B | $196.89B | $175.80B | $163.98B | $158.72B | · | $153.45B | $146.53B | $126.76B | |
| Gross Profit | · | · | · | · | · | · | · | · | $28.55B | $28.86B | $26.53B | |
| Operating Expenses | $397.41B | $364.29B | $344.03B | $314.51B | $278.80B | $254.79B | $244.79B | · | $18.81B | $18.45B | $17.05B | |
| Operating Income | $4.66B | $8.52B | $13.74B | $7.95B | $13.31B | $13.91B | $11.99B | · | $9.54B | $10.39B | $9.47B | |
| Interest Expense | · | · | $2.66B | $2.29B | $2.50B | $2.91B | $3.04B | · | $1.06B | $1.08B | $859M | |
| Interest Income | · | · | · | · | · | · | · | · | $21M | $20M | $21M | |
| Other Non-op | $112M | $99M | $88M | $169M | $182M | $206M | $124M | · | $-208M | $-28M | · | |
| Pretax Income | $2.14B | $6.15B | $11.17B | $5.84B | $10.54B | $9.77B | $9.00B | · | $8.27B | $8.64B | $8.62B | |
| Income Tax | $408M | $1.56B | $2.81B | $1.51B | $2.55B | $2.57B | $2.37B | · | $1.64B | $3.32B | $3.39B | |
| Net Income | $1.77B | $4.61B | $8.34B | $4.31B | $8.00B | $7.18B | $6.63B | · | $6.62B | $5.32B | $5.24B | |
| EPS (Basic) | $1.40 | $3.67 | $6.49 | $3.29 | $6.07 | $5.48 | $5.10 | · | $6.47 | $4.93 | $4.66 | |
| EPS (Diluted) | $1.39 | $3.66 | $6.47 | $3.26 | $6.02 | $5.46 | $5.08 | · | $6.44 | $4.90 | $4.63 | |
| Shares (Basic) | 1,267,000,000 | 1,259,000,000 | 1,285,000,000 | 1,312,000,000 | 1,319,000,000 | 1,309,000,000 | 1,301,000,000 | · | 1,020,000,000 | 1,073,000,000 | 1,118,000,000 | |
| Shares (Diluted) | 1,271,000,000 | 1,262,000,000 | 1,290,000,000 | 1,323,000,000 | 1,329,000,000 | 1,314,000,000 | 1,305,000,000 | · | 1,024,000,000 | 1,079,000,000 | 1,126,000,000 | |
| EBITDA | $9.27B | $13.11B | $18.11B | $11.99B | $17.70B | $18.35B | $16.36B | · | $12.00B | $10.34B | $9.45B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.45B | $8.59B | $8.20B | $12.95B | $9.41B | $7.85B | $5.68B | · | $1.70B | $3.37B | $2.46B | |
| Short-term Investments | $2.15B | $2.41B | $3.26B | $2.78B | $3.12B | $3.00B | $2.37B | · | $111M | $87M | $88M | |
| Receivables | $39.78B | $36.47B | $35.23B | $27.28B | $24.43B | $21.74B | $19.62B | · | $13.18B | $12.16B | $11.89B | |
| Inventory | $19.25B | $18.11B | $18.02B | $19.09B | $17.76B | $18.50B | $17.52B | · | $15.30B | $14.76B | $14.00B | |
| Other Current Assets | $5.09B | $3.08B | $3.15B | $2.64B | $5.29B | $5.28B | $5.11B | $4.53B | $945M | $660M | $722M | |
| Current Assets | $74.71B | $68.64B | $67.86B | $65.63B | $60.01B | $56.37B | $50.30B | $45.20B | $31.23B | $31.04B | $29.16B | |
| PP&E (Net) | · | · | · | $12.87B | $12.90B | $12.61B | $12.04B | $11.36B | $10.29B | $10.18B | $9.86B | |
| PP&E (Gross) | · | · | · | $34.60B | $33.55B | $31.31B | $28.93B | · | $24.29B | $22.80B | $21.04B | |
| Accum. Depreciation | · | · | · | $21.48B | $20.65B | $18.70B | $16.89B | · | $14.00B | $12.63B | $11.18B | |
| Goodwill | $85.48B | $91.27B | $91.27B | $78.15B | $79.12B | $79.55B | $79.75B | · | $38.45B | $38.25B | $38.11B | |
| Intangibles | $25.51B | $27.32B | $29.23B | $24.80B | $29.03B | $31.14B | $33.12B | $36.31B | $13.63B | $13.51B | $13.88B | |
| Other Non-current Assets | $7.11B | $4.79B | $4.66B | $4.62B | $4.71B | $4.62B | $4.60B | $4.53B | $1.42B | $1.49B | $1.44B | |
| Total Assets | $253.54B | $253.22B | $249.73B | $228.28B | $233.00B | $230.72B | $222.45B | $216.67B | $95.13B | $94.46B | $92.44B | |
| Accounts Payable | · | · | · | · | · | · | · | · | $8.86B | $7.95B | $7.49B | |
| Accrued Liabilities | $22.39B | $20.81B | $23.52B | $18.75B | $17.67B | $14.24B | $12.13B | $10.66B | $6.58B | $6.94B | $6.83B | |
| Short-term Debt | $0 | $2.12B | $200M | $0 | · | $0 | $0 | · | $1.28B | $1.87B | $0 | |
| Current Liabilities | $88.69B | $84.61B | $79.19B | $69.42B | $67.81B | $62.02B | $53.30B | $45.76B | $30.65B | $26.25B | $23.17B | |
| Capital Leases | $13.64B | $14.90B | $16.03B | $16.80B | $18.18B | $18.76B | $18.93B | $18.83B | $306M | · | · | |
| Deferred Tax | $3.83B | $3.81B | $4.31B | $4.02B | $6.27B | $6.79B | $7.29B | $7.74B | $3.00B | $4.21B | $4.22B | |
| Other Non-current Liabilities | $6.77B | $5.43B | $6.21B | $6.73B | $1.90B | $2.35B | $2.16B | $2.26B | $1.28B | $1.55B | $1.54B | |
| Total Liabilities | $178.16B | $177.49B | $173.09B | $156.51B | $157.62B | $161.01B | $158.28B | $157.95B | $57.44B | · | · | |
| Long-term Debt | · | · | · | · | · | · | $68.48B | $72.61B | $27.00B | $25.70B | $27.50B | |
| Total Debt | $0 | $2.12B | $200M | · | · | · | $3.78B | · | $27.00B | $27.53B | $27.46B | |
| Common Stock | · | $18M | $18M | $18M | $17M | $17M | $17M | · | $17M | $17M | $17M | |
| Paid-in Capital | · | · | · | · | · | · | · | · | $32.08B | $31.62B | $30.95B | |
| Retained Earnings | $61.20B | $62.84B | $61.60B | $56.40B | $54.91B | $49.64B | $45.11B | $41.09B | $43.56B | $38.98B | $35.51B | |
| Treasury Stock | $36.79B | $36.82B | $33.84B | $31.86B | $28.17B | $28.18B | $28.23B | · | $37.80B | $33.45B | $28.89B | |
| AOCI | $406M | $-120M | $-297M | $-1.26B | $965M | $1.41B | $1.02B | · | $-165M | $-305M | $-358M | |
| Stockholders' Equity | $75.21B | $75.56B | $76.46B | $71.47B | $75.08B | $69.39B | $63.86B | $58.40B | $37.69B | $36.83B | $37.20B | |
| Liabilities + Equity | $253.54B | $253.22B | $249.73B | $228.28B | $233.00B | $230.72B | $222.45B | · | $95.13B | $94.46B | $92.44B | |
| Shares Outstanding | 1,271,000,000 | 1,260,000,000 | 1,288,000,000 | 1,300,000,000 | 1,322,000,000 | 1,310,000,000 | 1,302,000,000 | · | 1,712,000,000 | 1,061,000,000 | 1,101,000,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4.61B | $4.60B | $4.37B | $4.22B | $4.49B | $4.44B | $4.37B | · | $2.48B | $2.48B | $2.09B | |
| Stock-based Comp | $535M | $540M | $588M | $447M | $484M | $400M | $453M | · | $234M | $222M | $230M | |
| Deferred Tax | $102M | $-572M | $-676M | $-2.03B | $-402M | $-564M | $-649M | · | $-1.42B | $3M | $-234M | |
| Amort. of Intangibles | $2.00B | $2.00B | $1.90B | $1.80B | $2.20B | $2.30B | $2.40B | · | $817M | $795M | $611M | |
| Restructuring | · | · | · | · | · | · | · | · | $215M | · | · | |
| Other Non-cash | $3.63B | $-72M | $804M | $9.41B | $5.79B | $4.41B | $2.04B | · | $93M | · | · | |
| Operating Cash Flow | $10.64B | $9.11B | $13.43B | $16.18B | $18.27B | $15.87B | $12.85B | · | $8.01B | $10.14B | $8.54B | |
| CapEx | $2.83B | $2.78B | $3.03B | $2.73B | $2.52B | $2.44B | $2.46B | · | $1.92B | $2.22B | $2.37B | |
| Investing Cash Flow | $-5.87B | $-7.61B | $-20.89B | $-5.05B | $-5.26B | $-5.53B | $-3.34B | · | $-2.88B | $-2.47B | $-13.42B | |
| Debt Issued | $3.97B | $7.91B | $10.90B | $0 | $987M | $9.96B | $3.74B | · | $0 | $3.46B | $14.80B | |
| Net Debt Issued | $340M | $3.14B | $7.73B | $-4.21B | $-9.27B | $-5.67B | $-4.60B | · | · | $-2.49B | $11.90B | |
| Stock Repurchased | $0 | $3.02B | $2.01B | $3.50B | $0 | $0 | $0 | · | $4.36B | $4.46B | $5.00B | |
| Net Stock Activity | $0 | $-3.02B | $-2.01B | $-3.50B | · | · | $0 | · | $-4.36B | $-4.46B | $-5.00B | |
| Dividends Paid | $3.40B | $3.37B | $3.13B | $2.91B | $2.62B | $2.62B | $2.60B | · | $2.05B | $1.84B | $1.58B | |
| Financing Cash Flow | $-4.94B | $-1.14B | $2.68B | $-10.52B | $-11.36B | $-7.70B | $-7.65B | · | $-6.75B | $-6.76B | $4.88B | |
| Net Change in Cash | $-172M | $359M | $-4.78B | $614M | $1.65B | $2.63B | $1.85B | · | $-1.62B | $912M | $-22M | |
| Taxes Paid | $2.17B | $1.70B | $3.52B | $4.12B | $3.19B | $2.93B | $2.72B | · | $2.91B | $3.06B | $3.27B | |
| Free Cash Flow | $7.81B | $6.33B | $10.39B | $13.45B | $15.74B | $13.43B | $10.39B | · | $6.09B | $7.84B | $6.04B | |
| Levered FCF | · | · | $8.40B | $11.76B | $13.85B | $11.29B | $8.15B | · | $5.24B | $7.18B | $5.52B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | 15.4% | 16.3% | 17.3% | |
| Operating Margin | 1.2% | 2.3% | 3.8% | 2.4% | 4.5% | 5.2% | 4.7% | · | 5.1% | 5.8% | 6.2% | |
| Net Margin | 0.44% | 1.2% | 2.3% | 1.3% | 2.7% | 2.7% | 2.6% | · | 3.6% | 3.0% | 3.4% | |
| Pretax Margin | 0.53% | 1.7% | 3.1% | 1.8% | 3.6% | 3.6% | 3.5% | · | 4.5% | 4.9% | 5.6% | |
| EBITDA Margin | 2.3% | 3.5% | 5.1% | 3.7% | 6.1% | 6.8% | 6.4% | · | 6.5% | 5.8% | 6.2% | |
| ROA | 0.70% | 1.8% | 3.5% | 1.8% | 3.4% | 3.2% | 3.0% | · | 7.0% | 5.7% | 6.2% | |
| ROE | 2.4% | 6.1% | 11.3% | 5.7% | 10.9% | 10.8% | 10.8% | · | 17.8% | 14.4% | 13.9% | |
| ROIC | 5.0% | 8.2% | 13.4% | 8.1% | 13.3% | 14.8% | 13.1% | · | 11.8% | 9.9% | 8.9% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | · | 1.0 | 1.2 | 1.3 | |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | · | 0.5 | 0.6 | 0.6 | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · | · | 0.1 | · | 0.7 | 0.7 | 0.7 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | 0.6 | 0.7 | 0.7 | |
| Interest Coverage | · | · | 5.2 | 3.4 | 5.3 | 4.8 | 3.9 | · | 9.0 | 9.6 | 11.0 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.6 | 1.5 | 1.5 | 1.4 | 1.3 | 1.2 | 1.2 | · | 1.9 | 1.9 | 1.8 | |
| Inventory Turnover | 11.8 | 11.4 | 11.7 | 10.7 | 9.7 | 9.1 | 9.3 | · | 10.4 | 10.3 | 9.8 | |
| Receivables Turnover | 10.5 | 10.4 | 11.4 | 12.5 | 12.7 | 13.0 | 13.8 | · | 14.6 | 14.8 | 14.2 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $59.18 | $59.97 | $59.36 | $54.63 | $56.79 | $52.97 | $49.05 | · | $37.17 | $34.71 | $33.78 | |
| Revenue / Share | $316.34 | $295.41 | $277.35 | $243.74 | $219.80 | $204.49 | $196.76 | · | $180.43 | $164.53 | $136.14 | |
| Cash Flow / Share | $8.37 | $7.22 | $10.41 | $12.23 | $13.74 | $12.07 | $9.85 | · | $7.82 | $9.33 | $7.47 | |
| Cash / Share | $6.65 | $6.81 | $6.36 | $9.96 | $7.12 | $6.00 | $4.36 | · | $1.67 | $3.18 | $2.23 | |
| Dividend / Share | $2.66 | $2.66 | $2.42 | $2.20 | $2.00 | $2.00 | $2.00 | · | $2.00 | $1.70 | $1.40 | |
| Dividend Paid / Share | · | · | · | · | · | · | · | · | $2.00 | · | · | |
| EPS (TTM) | $1.39 | $3.66 | $6.47 | $3.26 | $6.02 | $5.46 | $5.08 | · | $6.44 | $4.90 | $4.63 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.8% | 4.2% | 10.9% | 10.4% | 8.7% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.6% | 8.5% | 10.0% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.4% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -62.0% | -43.4% | 98.5% | -45.9% | 10.3% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -24.7% | -15.3% | 5.8% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -23.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -61.7% | -44.7% | 93.5% | -46.1% | 11.5% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -25.7% | -16.8% | 5.1% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -24.4% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 5.3% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $402.07B | $372.81B | $357.78B | $322.47B | $292.11B | $268.71B | $256.78B | · | $184.79B | $177.55B | $153.29B | |
| Net Income TTM | $1.77B | $4.61B | $8.34B | $4.31B | $8.00B | $7.18B | $6.63B | · | $6.62B | $5.32B | $5.24B | |
| Market Cap | $100.87B | $56.56B | $101.70B | $121.15B | $136.38B | $89.47B | $96.73B | · | $73.52B | $83.72B | $107.64B | |
| Enterprise Value | $90.27B | $47.69B | $90.45B | · | · | · | $92.45B | · | $98.71B | $107.80B | $132.56B | |
| P/E | 57.1 | 12.3 | 12.2 | 28.6 | 17.1 | 12.5 | 14.6 | · | 11.3 | 16.1 | 21.1 | |
| P/S | 0.3 | 0.2 | 0.3 | 0.4 | 0.5 | 0.3 | 0.4 | · | 0.4 | 0.5 | 0.7 | |
| P/B | 1.3 | 0.7 | 1.3 | 1.7 | 1.8 | 1.3 | 1.5 | · | 2.0 | 2.3 | 2.9 | |
| P / Cash Flow | 9.5 | 6.2 | 7.6 | 7.5 | 7.5 | 5.6 | 7.5 | · | 9.2 | 8.3 | 12.8 | |
| P / FCF | 12.9 | 8.9 | 9.8 | 9.0 | 8.7 | 6.7 | 9.3 | · | 12.1 | 10.7 | 17.8 | |
| EV / EBITDA | 9.7 | 3.6 | 5.0 | · | · | · | 5.7 | · | 8.2 | 10.4 | 14.0 | |
| EV / FCF | 11.6 | 7.5 | 8.7 | · | · | · | 8.9 | · | 16.2 | 13.7 | 21.9 | |
| EV / Revenue | 0.2 | 0.1 | 0.3 | · | · | · | 0.4 | · | 0.5 | 0.6 | 0.9 | |
| Dividend Yield | 3.4% | 6.0% | 3.1% | 2.4% | 1.9% | 2.9% | 2.7% | · | 2.8% | 2.2% | 1.5% | |
| Earnings Yield | 1.8% | 8.2% | 8.2% | 3.5% | 5.8% | 8.0% | 6.8% | · | 8.9% | 6.2% | 4.7% | |
| Payout Ratio | 192.1% | 73.1% | 37.5% | 70.1% | 33.2% | 36.5% | 39.2% | · | 30.9% | 34.6% | 30.1% | |
| Annual Payout | $3.40B | $3.37B | $3.13B | $2.91B | $2.62B | $2.62B | $2.60B | · | $2.05B | $1.84B | $1.58B |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $106.10B | $100.43B | $105.69B | $102.87B | $98.92B | $94.59B | $97.71B | $95.43B | $91.23B | $88.44B | $93.81B | $89.76B | $88.92B | $85.28B | $83.85B | $81.16B | |
| Cost of Revenue | $58.86B | $55.44B | $59.06B | $57.05B | $54.01B | $51.06B | $55.27B | $52.95B | $50.00B | $48.07B | $57.42B | $54.69B | $53.54B | $51.45B | $51.73B | $50.37B | |
| Operating Expenses | $101.39B | $95.75B | $103.58B | $106.08B | $96.53B | $91.21B | $95.34B | $94.60B | $88.19B | $86.17B | $90.44B | $86.07B | $85.69B | $81.83B | $80.19B | $85.08B | |
| Operating Income | $4.70B | $4.68B | $2.11B | $-3.21B | $2.38B | $3.37B | $2.37B | $832M | $3.04B | $2.27B | $3.37B | $3.69B | $3.23B | $3.45B | $3.66B | $-3.92B | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $716M | · | $693M | $686M | $589M | · | $566M | |
| Other Non-op | $31M | $32M | $29M | $26M | $29M | $28M | $25M | $25M | $24M | $25M | $22M | $22M | $22M | $22M | $43M | $41M | |
| Pretax Income | $3.98B | $3.94B | $1.35B | $-3.48B | $1.65B | $2.62B | $2.13B | $105M | $2.34B | $1.58B | $2.71B | $3.02B | $2.57B | $2.88B | $3.15B | $-4.44B | |
| Income Tax | $982M | $981M | $-1.57B | $508M | $634M | $835M | $503M | $34M | $569M | $456M | $658M | $754M | $656M | $737M | $818M | $-1.04B | |
| Net Income | $2.98B | $2.94B | $2.94B | $-3.98B | $1.02B | $1.78B | $1.64B | $87M | $1.77B | $1.11B | $2.05B | $2.26B | $1.90B | $2.14B | $2.33B | $-3.41B | |
| EPS (Basic) | $2.33 | $2.31 | $2.31 | $-3.13 | $0.81 | $1.41 | $1.31 | $0.07 | $1.41 | $0.88 | $1.59 | $1.76 | $1.48 | $1.66 | $1.78 | $-2.59 | |
| EPS (Diluted) | $2.31 | $2.30 | $2.31 | $-3.13 | $0.80 | $1.41 | $1.30 | $0.07 | $1.41 | $0.88 | $1.59 | $1.75 | $1.48 | $1.65 | $1.79 | $-2.59 | |
| Shares (Basic) | 1,279,000,000 | 1,273,000,000 | · | 1,269,000,000 | 1,266,000,000 | 1,261,000,000 | · | 1,259,000,000 | 1,256,000,000 | 1,260,000,000 | · | 1,287,000,000 | 1,283,000,000 | 1,283,000,000 | · | 1,315,000,000 | |
| Shares (Diluted) | 1,287,000,000 | 1,279,000,000 | · | 1,269,000,000 | 1,270,000,000 | 1,264,000,000 | · | 1,259,000,000 | 1,259,000,000 | 1,267,000,000 | · | 1,290,000,000 | 1,287,000,000 | 1,291,000,000 | · | 1,315,000,000 | |
| EBITDA | $5.83B | $5.79B | · | $-2.07B | $3.55B | $4.53B | · | $832M | $3.04B | $3.41B | · | $3.69B | $3.23B | $4.45B | · | $-3.93B |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.33B | $9.54B | $8.45B | $9.10B | $11.79B | $10.08B | $8.59B | $6.88B | $12.51B | $9.80B | $8.20B | $13.04B | $13.81B | $14.62B | $12.95B | $17.20B | |
| Short-term Investments | $2.63B | $2.26B | $2.15B | $2.13B | $2.39B | $2.58B | $2.41B | $2.81B | $3.75B | $3.29B | · | $3.15B | $3.08B | $3.10B | · | $2.79B | |
| Receivables | $40.31B | $40.99B | $39.78B | $43.86B | $40.65B | $39.62B | $36.47B | $36.18B | $32.38B | $32.22B | · | $32.93B | $29.55B | $28.33B | · | $26.32B | |
| Inventory | $17.62B | $17.77B | $19.25B | $18.96B | $17.45B | $17.39B | $18.11B | $17.65B | $16.07B | $16.35B | · | $17.95B | $17.29B | $18.26B | · | $18.06B | |
| Other Current Assets | $3.46B | $4.25B | $5.09B | $3.06B | $3.38B | $3.53B | $3.08B | $3.83B | $5.24B | $5.82B | · | $3.07B | $3.41B | $3.77B | · | $2.48B | |
| Current Assets | $75.35B | $74.82B | $74.71B | $77.11B | $75.65B | $73.19B | $68.64B | $67.34B | $69.95B | $67.47B | · | $70.14B | $67.76B | $68.71B | · | $68.34B | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | $13.02B | $13.00B | $12.87B | · | $12.63B | |
| Goodwill | $85.48B | $85.48B | $85.48B | $85.48B | $91.20B | $91.20B | $91.27B | $91.27B | $91.27B | $91.27B | $91.27B | $91.26B | $91.26B | $84.06B | $78.15B | $78.09B | |
| Intangibles | $24.64B | $25.07B | $25.51B | $25.98B | $26.22B | $26.57B | $27.32B | $27.82B | $28.31B | $28.77B | · | $29.62B | $30.12B | $26.37B | · | $25.16B | |
| Other Non-current Assets | $7.43B | $7.42B | $5.12B | $5.16B | $5.21B | $5.23B | $4.79B | $4.76B | $4.80B | $4.80B | · | $4.83B | $4.85B | $4.82B | · | $4.85B | |
| Total Assets | $253.77B | $252.97B | $253.54B | $255.33B | $258.34B | $255.59B | $253.22B | $252.43B | $252.48B | $249.74B | · | $251.31B | $250.07B | $239.33B | · | $231.21B | |
| Accrued Liabilities | $22.48B | $22.26B | $22.39B | $23.41B | $23.10B | $22.37B | $20.81B | $20.17B | $21.16B | $22.35B | · | $22.57B | $22.83B | $21.52B | · | $19.42B | |
| Short-term Debt | · | · | $0 | $1.25B | $3.04B | $1.26B | $2.12B | $800M | $0 | $2.72B | · | · | $1.00B | · | · | · | |
| Current Liabilities | $87.04B | $86.41B | $88.69B | $92.69B | $94.16B | $88.96B | $84.61B | $84.63B | $81.39B | $83.32B | · | $81.55B | $79.21B | $75.05B | · | $72.41B | |
| Capital Leases | $12.98B | $13.33B | $13.64B | $14.01B | $14.33B | $14.59B | $14.90B | $15.26B | $15.54B | $15.74B | · | $16.44B | $16.61B | $16.57B | · | $17.17B | |
| Deferred Tax | $3.77B | $3.77B | $3.83B | $3.55B | $3.60B | $3.66B | $3.81B | $3.63B | $4.05B | $4.18B | · | $4.25B | $4.59B | $4.09B | · | $3.51B | |
| Other Non-current Liabilities | $6.11B | $6.71B | $4.78B | $4.76B | $4.78B | $5.42B | $5.43B | $5.48B | $5.53B | $6.21B | · | $6.24B | $6.32B | $6.67B | · | $6.77B | |
| Total Liabilities | $173.87B | $175.34B | $178.16B | $182.22B | $180.79B | $178.47B | $177.49B | $177.32B | $177.37B | $175.59B | · | $176.80B | $177.07B | $167.75B | · | $160.20B | |
| Total Debt | · | · | · | $1.25B | $3.04B | $1.26B | · | $800M | $0 | $2.72B | · | · | $1.00B | · | · | · | |
| Common Stock | · | · | · | $18M | $18M | $18M | · | $18M | $18M | $18M | · | $18M | $18M | $18M | $18M | $18M | |
| Retained Earnings | $65.40B | $63.28B | $61.20B | $59.11B | $63.94B | $63.77B | $62.84B | $62.04B | $62.80B | $61.87B | · | $60.34B | $58.87B | $57.75B | · | $54.57B | |
| Treasury Stock | $36.85B | $36.71B | $36.79B | $36.78B | $36.85B | $36.73B | $36.82B | $36.81B | $36.92B | $36.77B | · | $33.83B | $33.93B | $33.80B | · | $30.33B | |
| AOCI | $188M | $201M | $406M | $416M | $272M | $59M | $-120M | $209M | $-319M | $-341M | · | $-1.00B | $-858M | $-875M | · | $-1.61B | |
| Stockholders' Equity | $79.70B | $77.46B | $75.21B | $72.93B | $77.38B | $76.93B | $75.56B | $74.94B | $74.93B | $73.97B | · | $74.34B | $72.73B | $71.38B | · | $70.68B | |
| Liabilities + Equity | $253.77B | $252.97B | $253.54B | $255.33B | $258.34B | $255.59B | $253.22B | $252.43B | $252.48B | $249.74B | · | $251.31B | $250.07B | $239.33B | · | $231.21B | |
| Shares Outstanding | 1,278,000,000 | 1,273,000,000 | 1,271,000,000 | 1,270,000,000 | 1,267,000,000 | 1,262,000,000 | 1,260,000,000 | 1,258,000,000 | 1,256,000,000 | 1,252,000,000 | · | 1,287,000,000 | 1,282,000,000 | 1,279,000,000 | · | 1,315,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.13B | $1.11B | $1.15B | $1.13B | $1.17B | $1.15B | $1.15B | $1.16B | $1.15B | $1.14B | $1.13B | $1.13B | $1.10B | $1.00B | $1.04B | $1.04B | |
| Stock-based Comp | $176M | $266M | $135M | $138M | $136M | $126M | $137M | $133M | $133M | $137M | $127M | $154M | $204M | $103M | $106M | $105M | |
| Amort. of Intangibles | $431M | $442M | $507M | $500M | $494M | $499M | $478M | $507M | $507M | $508M | $504M | $509M | $485M | $402M | $420M | $458M | |
| Other Non-cash | · | $-75M | · | · | · | $1.50B | · | · | · | $2.52B | · | · | · | $4.20B | · | · | |
| Operating Cash Flow | $6.34B | $4.25B | $3.39B | $796M | $1.90B | $4.56B | $1.86B | $-745M | $3.09B | $4.90B | $-2.64B | $2.72B | $5.91B | $7.44B | $-1.95B | $9.12B | |
| CapEx | $691M | $849M | $784M | $698M | $607M | $743M | $768M | $670M | $638M | $705M | $911M | $545M | $591M | $984M | $688M | $580M | |
| Investing Cash Flow | $-1.88B | $-874M | $-2.00B | $-2.09B | $-1.02B | $-762M | $-547M | $-3.35B | $-1.62B | $-2.09B | $-1.24B | $-771M | $-10.36B | $-8.51B | $-119M | $-805M | |
| Debt Issued | · | · | $0 | $3.97B | · | · | $2.95B | $0 | $4.96B | $0 | $0 | $0 | $4.95B | $5.95B | $0 | $0 | |
| Net Debt Issued | · | $-1.52B | · | · | · | $-743M | · | · | · | $-18M | · | · | · | $5.59B | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $0 | $-1M | $-3M | $3.03B | $-1M | $-3M | $-2M | $2.02B | $1.50B | $0 | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $-3.03B | · | · | · | $-2.02B | · | · | |
| Dividends Paid | $878M | $847M | $845M | $846M | $866M | $840M | $838M | $837M | $858M | $840M | $779M | $779M | $795M | $779M | $719M | $726M | |
| Financing Cash Flow | $-2.69B | $-2.32B | $-2.03B | $-1.38B | $806M | $-2.33B | $431M | $-1.59B | $1.25B | $-1.23B | $-972M | $-2.70B | $3.63B | $2.73B | $-2.19B | $-3.22B | |
| Net Change in Cash | $1.77B | $1.06B | $-640M | $-2.67B | $1.68B | $1.46B | $1.74B | $-5.68B | $2.71B | $1.58B | $-4.85B | $-752M | $-828M | $1.65B | $-4.26B | $5.10B | |
| Taxes Paid | $374M | $-337M | $998M | $305M | $725M | $138M | $274M | $700M | $666M | $63M | $908M | $837M | $1.70B | $75M | $1.05B | $1.18B | |
| Free Cash Flow | · | $3.40B | · | · | · | $3.81B | · | · | · | $4.20B | · | · | · | $6.45B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $3.69B | · | · | · | $6.02B | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.4% | 4.7% | · | -3.1% | 2.4% | 3.6% | · | 0.87% | 3.3% | 2.6% | · | 4.1% | 3.6% | 4.0% | · | -4.8% | |
| Net Margin | 2.8% | 2.9% | · | -3.9% | 1.0% | 1.9% | · | 0.09% | 1.9% | 1.3% | · | 2.5% | 2.1% | 2.5% | · | -4.2% | |
| Pretax Margin | 3.8% | 3.9% | · | -3.4% | 1.7% | 2.8% | · | 0.11% | 2.6% | 1.8% | · | 3.4% | 2.9% | 3.4% | · | -5.5% | |
| EBITDA Margin | 5.5% | 5.8% | · | -2.0% | 3.6% | 4.8% | · | 0.87% | 3.3% | 3.9% | · | 4.1% | 3.6% | 5.2% | · | -4.8% | |
| ROA | 1.2% | 1.2% | · | -1.6% | 0.40% | 0.70% | · | 0.03% | 0.70% | 0.46% | · | 0.94% | 0.79% | 0.90% | · | -1.5% | |
| ROE | 3.8% | 3.8% | · | -5.4% | 1.3% | 2.4% | · | 0.12% | 2.4% | 1.5% | · | 3.1% | 2.6% | 2.9% | · | -4.7% | |
| ROIC | 4.4% | 4.5% | · | -5.0% | 1.8% | 2.9% | · | 0.74% | 3.1% | 2.1% | · | 3.7% | 3.3% | 3.6% | · | -4.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | 0.9 | 0.8 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | |
| Quick Ratio | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.5 | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | |
| Debt / Equity | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | 0.0 | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.2 | · | 5.3 | 4.7 | 5.9 | · | -6.9 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | |
| Inventory Turnover | 3.4 | 3.2 | · | 3.1 | 3.2 | 3.0 | · | 3.0 | 3.0 | 2.8 | · | 3.0 | 3.1 | 2.8 | · | 2.8 | |
| Receivables Turnover | 2.6 | 2.5 | · | 2.6 | 2.7 | 2.6 | · | 2.8 | 2.9 | 2.9 | · | 3.0 | 3.1 | 3.1 | · | 3.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $62.36 | $60.85 | · | $57.42 | $61.07 | $60.96 | · | $59.57 | $59.66 | $59.08 | · | $57.76 | $56.73 | $55.81 | · | $53.75 | |
| Revenue / Share | $82.44 | $78.52 | · | $81.06 | $77.89 | $74.83 | · | $75.80 | $72.47 | $69.80 | · | $69.58 | $69.09 | $66.06 | · | $61.72 | |
| Cash Flow / Share | · | $3.32 | · | · | · | $3.60 | · | · | · | $3.87 | · | · | · | $5.76 | · | · | |
| Cash / Share | $8.86 | $7.50 | · | $7.16 | $9.30 | $7.98 | · | $5.46 | $9.96 | $7.83 | · | $10.13 | $10.77 | $11.43 | · | $13.08 | |
| Dividend / Share | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.67 | $0.60 | $0.60 | $0.60 | $0.60 | $0.55 | $0.55 | |
| EPS (TTM) | $3.79 | $2.28 | · | $0.38 | $3.58 | $4.19 | · | $3.95 | $5.63 | $5.70 | · | $6.67 | $2.33 | $3.14 | · | $2.51 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $415.09B | $407.90B | · | $394.08B | $386.64B | $378.96B | · | $368.91B | $363.25B | $360.94B | · | $347.81B | $339.20B | $330.92B | · | $315.23B | |
| Net Income TTM | $4.89B | $2.93B | · | $469M | $4.53B | $5.28B | · | $5.02B | $7.19B | $7.32B | · | $8.63B | $2.96B | $4.09B | · | $3.37B | |
| Market Cap | $132.21B | $91.43B | · | $95.75B | $87.40B | $85.50B | · | $79.10B | $74.18B | $99.86B | · | $89.86B | $88.62B | $95.04B | · | $125.41B | |
| Enterprise Value | · | · | · | $85.76B | $76.26B | $74.11B | · | $70.22B | $57.92B | $89.49B | · | · | $72.74B | · | · | · | |
| P/E | 27.3 | 31.5 | · | 198.4 | 19.3 | 16.2 | · | 15.9 | 10.5 | 14.0 | · | 10.5 | 29.7 | 23.7 | · | 38.0 | |
| P/S | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | |
| P/B | 1.7 | 1.2 | · | 1.3 | 1.1 | 1.1 | · | 1.1 | 1.0 | 1.4 | · | 1.2 | 1.2 | 1.3 | · | 1.8 | |
| P / Cash Flow | · | 21.5 | · | · | · | 18.8 | · | · | · | 20.4 | · | · | · | 12.8 | · | · | |
| EV / Revenue | · | · | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | · | 0.2 | · | · | · | |
| Dividend Yield | 2.6% | 3.7% | · | 3.5% | 3.9% | 4.0% | · | 4.2% | 4.4% | 3.2% | · | 3.4% | 3.4% | 3.1% | · | 2.3% | |
| Earnings Yield | 3.7% | 3.2% | · | 0.50% | 5.2% | 6.2% | · | 6.3% | 9.5% | 7.1% | · | 9.6% | 3.4% | 4.2% | · | 2.6% | |
| Payout Ratio | · | 28.8% | · | · | · | 47.2% | · | · | · | 75.5% | · | · | · | 36.5% | · | · | |
| Annual Payout | $3.42B | $3.40B | · | $3.39B | $3.38B | $3.37B | · | $3.31B | $3.26B | $3.19B | · | $3.07B | $3.02B | $2.96B | · | $2.85B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $402.07B | $372.81B | $357.78B | $322.47B | $292.11B |
| Operating Margin % | 1.2% | 2.3% | 3.8% | 2.4% | 4.5% |
| Net Income | $1.77B | $4.61B | $8.34B | $4.31B | $8.00B |
| Diluted EPS | $1.39 | $3.66 | $6.47 | $3.26 | $6.02 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · |
| Current Ratio | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $7.81B | $6.33B | $10.39B | $13.45B | $15.74B |
Institutional owners (13F) 2,241 filers · $125.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 317 (+121 vs prior Q) | 94 (-95 vs prior Q) | 805 (+78 vs prior Q) | 763 (-12 vs prior Q) | +50.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $12,747,461,705 | 123,223,409 | 10.14% | Shares |
| VANGUARD GROUP INC | $9,579,508,282 | 120,709,530 | 7.62% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,618,974,924 | 83,315,369 | 6.85% | Shares |
| Capital World Investors | $7,753,834,783 | 74,951,955 | 6.17% | Shares |
| STATE STREET CORP | $6,236,318,558 | 60,283,408 | 4.96% | Shares |
| Dodge & Cox | $5,173,820,539 | 50,012,765 | 4.11% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $3,496,725,140 | 33,801,113 | 2.78% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,079,404,427 | 29,899,653 | 2.45% | Shares |
| FMR LLC | $2,991,837,927 | 28,920,617 | 2.38% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,755,624,444 | 26,637,259 | 2.19% | Shares |
| Capital Research Global Investors | $2,516,851,376 | 24,329,151 | 2.00% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,398,868,007 | 23,188,670 | 1.91% | Shares |
| JPMORGAN CHASE & CO | $2,290,461,677 | 22,112,970 | 1.82% | Shares |
| Invesco Ltd. | $2,130,597,379 | 20,595,431 | 1.69% | Shares |
| MORGAN STANLEY | $1,924,793,937 | 18,606,028 | 1.53% | Shares |
| NORGES BANK | $1,866,126,481 | 18,038,922 | 1.48% | Shares |
| Capital International Investors | $1,591,868,430 | 15,387,600 | 1.27% | Shares |
| GOLDMAN SACHS GROUP INC | $1,387,451,459 | 13,411,807 | 1.10% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,371,677,011 | 13,259,314 | 1.09% | Shares |
| Davis Selected Advisers | $1,227,594,458 | 11,865,916 | 0.98% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $1,217,558,500 | 11,769,536 | 0.97% | Shares |
| NORTHERN TRUST CORP | $1,186,760,815 | 11,471,830 | 0.94% | Shares |
| FRANKLIN RESOURCES INC | $1,032,982,350 | 9,985,330 | 0.82% | Shares |
| Legal & General Group Plc | $948,946,746 | 9,172,999 | 0.75% | Shares |
| Bank of New York Mellon Corp | $932,453,862 | 9,013,571 | 0.74% | Shares |
| Clearbridge Investments, LLC | $883,116,767 | 8,536,952 | 0.70% | Shares |
| ROYAL BANK OF CANADA | $880,475,000 | 8,511,113 | 0.70% | Shares |
| GQG Partners LLC | $822,989,370 | 7,955,411 | 0.65% | Shares |
| AMERIPRISE FINANCIAL INC | $821,911,618 | 7,943,034 | 0.65% | Shares |
| Amundi | $778,468,900 | 7,525,080 | 0.62% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $763,688,490 | 7,381,983 | 0.61% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $741,242,940 | 7,165,229 | 0.59% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $595,969,397 | 8,298,098 | 0.47% | Shares |
| Nuveen, LLC | $544,750,652 | 5,265,836 | 0.43% | Shares |
| UBS Group AG | $544,267,107 | 5,261,161 | 0.43% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $524,415,257 | 5,069,263 | 0.42% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $511,339,969 | 4,942,871 | 0.41% | Shares |
| GLENVIEW CAPITAL MANAGEMENT, LLC | $499,125,457 | 4,824,799 | 0.40% | Shares |
| CITADEL ADVISORS LLC | $497,856,229 | 4,812,530 | 0.40% | Shares |
| DEUTSCHE BANK AG\ | $466,633,571 | 4,510,716 | 0.37% | Shares |
| RAYMOND JAMES FINANCIAL INC | $449,870,951 | 4,348,680 | 0.36% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $409,796,485 | 3,961,300 | 0.33% | Call option |
| Allianz Asset Management GmbH | $391,245,314 | 3,781,975 | 0.31% | Shares |
| WELLS FARGO & COMPANY/MN | $380,921,357 | 3,682,178 | 0.30% | Shares |
| VIKING GLOBAL INVESTORS LP | $378,974,695 | 3,663,361 | 0.30% | Shares |
| Swiss National Bank | $371,195,152 | 3,588,160 | 0.30% | Shares |
| National Pension Service | $352,166,145 | 3,404,216 | 0.28% | Shares |
| Assenagon Asset Management S.A. | $326,699,552 | 3,812,575 | 0.26% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $322,653,390 | 3,118,927 | 0.26% | Shares |
| Russell Investments Group, Ltd. | $312,682,898 | 3,022,292 | 0.25% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| CVS Caremark Corporation | Jan. 7, 2011 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 86 insiders · 48 officers · 41 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David J. Joyner | President, CEO and Chair | April 1, 2026 F | 70,349 | 0 | 0 | $0 |
| Karen S Lynch | President and CEO | April 1, 2024 A | 74,687 | 0 | 0 | $0 |
| Brian Newman | EVP, Chief Financial Officer | May 31, 2026 F | 3,008 | 0 | 0 | $0 |
| Thomas F. Cowhey | EVP and CFO | April 1, 2025 A | 41,109 | 0 | 0 | $0 |
| Shawn M Guertin | EVP & Chief Financial Officer | April 1, 2023 A | 34,706 | 0 | 0 | $0 |
| Eva C Boratto | EVP & CFO | May 4, 2021 S | 115,331 | 0 | 0 | $0 |
| David M Denton | EVP and CFO | Nov. 29, 2018 S | 403 | 0 | 0 | $0 |
| David B Rickard | Chief Financial Officer | Dec. 14, 2009 M | 207,179 | 0 | 0 | $0 |
| Howard A Mclure | President, Caremark Pharm Serv | Nov. 2, 2009 M | 0 | 0 | 0 | $0 |
| Jonathan C Roberts | EVP & Chief Operating Officer | April 1, 2022 A | 426,025 | 0 | 0 | $0 |
| James David Clark | SVP, Cont & Chief Acct Officer | June 26, 2026 F | 27,606 | 0 | 0 | $0 |
| Amy Compton-Phillips | EVP, Chief Medical Officer | May 31, 2026 F | 9,557 | 0 | 0 | $0 |
| Tilak Mandadi | EVP, Chief Exp & Tech Officer | May 8, 2026 S | 10,133 | 0 | 1 | $-6,230,379 |
| Prem S Shah | EVP and Group President | March 31, 2026 A | 64,356 | 0 | 0 | $0 |
| Heidi B Capozzi | EVP and Chief People Officer | March 31, 2026 A | 13,023 | 0 | 0 | $0 |
| Samrat S. Khichi | EVP, CPO and General Counsel | March 31, 2026 A | 33,421 | 0 | 0 | $0 |
| Steven H Nelson | EVP and President, Aetna | March 31, 2026 A | 2,900 | 1 | 0 | $1,289 |
| Sreekanth K Chaguturu | EVP and Chief Medical Officer | April 1, 2024 A | 23,666 | 0 | 0 | $0 |
| Laurie P. Havanec | EVP and Chief People Officer | April 1, 2024 A | 9,426 | 0 | 0 | $0 |
| Brian A Kane | EVP/President, Aetna | April 1, 2024 A | 12,569 | 0 | 0 | $0 |
| Finke Daniel P | EVP/Pres, Health Care Benefits | April 1, 2023 A | 35,068 | 0 | 0 | $0 |
| Michelle A Peluso | EVP and Co-President of Retail | April 1, 2023 A | 124,383 | 0 | 0 | $0 |
| Thomas M Moriarty | EVP & General Counsel | Dec. 31, 2022 F | 315,273 | 0 | 0 | $0 |
| Alan Lotvin | EVP&President-PharmacyServices | Aug. 4, 2022 M | 109,183 | 0 | 0 | $0 |
| Troyen A Brennan | EVP and Chief Medical Officer | April 3, 2022 F | 232,676 | 0 | 0 | $0 |
| Neela Montgomery | EVP and Pres., Pharmacy/Retail | April 1, 2021 A | 29,502 | 0 | 0 | $0 |
| Lisa Bisaccia | Former EVP & Chief HR Officer | April 1, 2021 F | 66,417 | 0 | 0 | $0 |
| Joshua Matthew Flum | EVP, ENT STRATEGY & DIGITAL | Feb. 28, 2021 F | 25,657 | 0 | 0 | $0 |
| Jonathan E. Mayhew | EVP - Transformation | Dec. 2, 2020 F | 6,855 | 0 | 0 | $0 |
| Derica W Rice | EVP & President, CVS Caremark | Feb. 28, 2020 F | 26,827 | 0 | 0 | $0 |
| Kevin Hourican | EVP & President, CVS Pharmacy | April 1, 2019 A | 15,237 | 0 | 0 | $0 |
| Helena Foulkes | EVP & President-CVS Pharmacy | Feb. 16, 2018 M | 45,107 | 0 | 0 | $0 |
| Robert O. Kraft | EVP and President - Omnicare | April 3, 2017 A | 92,360 | 0 | 0 | $0 |
| Andrew Sussman | EVP, Clinical Services | April 3, 2017 A | 16,433 | 0 | 0 | $0 |
| Stephen J Gold | EVP & CIO | April 3, 2017 A | 46,818 | 0 | 0 | $0 |
| Per Gh Lofberg | EVP | Jan. 2, 2015 M | 23,419 | 0 | 0 | $0 |
| Mark Cosby | EVP & President-CVS/pharmacy | Sept. 30, 2013 M | 45,955 | 0 | 0 | $0 |
| Laird Daniels | SVP, Cont & Chief Acct Officer | April 1, 2013 A | 17,845 | 0 | 0 | $0 |
| Douglas A Sgarro | EVP and CLO | May 11, 2012 M | 214 | 0 | 0 | $0 |
| Stuart M Mcguigan | SVP and CIO | March 16, 2012 M | 10,967 | 0 | 0 | $0 |
| Thomas M Ryan | Non-Executive Chairman | April 3, 2011 F | 1,156,702 | 0 | 0 | $0 |
| Sara Finley | SVP, Gen Counsel | Feb. 18, 2011 F | 29,053 | 0 | 0 | $0 |
| Michael V Ferdinandi | Senior Vice President | Aug. 19, 2009 S | 16,021 | 0 | 0 | $0 |
| Paula A Price | Controller | Feb. 12, 2008 A | 16,498 | 0 | 0 | $0 |
| Edwin M Crawford | Chairman | Oct. 29, 2007 A | 135,572 | 0 | 0 | $0 |
| William R Spalding | EVP Caremark Pharmacy Services | June 18, 2007 M | 182 | 0 | 0 | $0 |
| Gregory S Weishar | Vice President | April 3, 2006 A | 30,161 | 0 | 0 | $0 |
| Larry D Solberg | Senior Vice President | Feb. 16, 2006 A | 5,978 | 0 | 0 | $0 |
| ROBBINS LARRY | Director | May 21, 2026 S | 4,824,799 | 0 | 8 | $-352,750,556 |
| Fernando Aguirre | Director | May 21, 2026 D | 10,513 | 0 | 0 | $0 |
| Jeffrey R. Balser | Director | May 14, 2026 A | 15,717 | 0 | 0 | $0 |
| Douglas H. Shulman | Director | May 14, 2026 A | 5,929 | 0 | 0 | $0 |
| Leslie V Norwalk | Director | May 14, 2026 A | 7,376 | 0 | 0 | $0 |
| Michael F Mahoney | Director | May 14, 2026 A | 6,345 | 0 | 0 | $0 |
| Anne A. Finucane | Director | May 14, 2026 A | 591 | 0 | 0 | $0 |
| John E Gallina | Director | May 14, 2026 A | 582 | 0 | 0 | $0 |
| Guy P Sansone | Director | May 14, 2026 A | 15,106 | 0 | 0 | $0 |
| Scott J Kirby | Director | May 14, 2026 A | 14,434 | 0 | 0 | $0 |
| DECOUDREAUX ALECIA A | Director | May 14, 2026 A | 2,970 | 0 | 0 | $0 |
| David C Brown II | Director | May 14, 2026 A | 129,316 | 0 | 0 | $0 |
| Roger N Farah | Director | Nov. 30, 2025 F | 19,438 | 0 | 0 | $0 |
| Mary L Schapiro | Director | Nov. 21, 2024 A | 7,585 | 0 | 0 | $0 |
| Jean Pierre Millon | Director | Nov. 21, 2024 A | 4,514 | 0 | 0 | $0 |
| Nancy Ann Deparle | Director | Nov. 21, 2024 A | 34,169 | 0 | 0 | $0 |
| Edward J Ludwig | Director | May 2, 2024 P | 21,630 | 0 | 0 | $0 |
| William C Weldon | Director | Nov. 17, 2022 A | 1,591 | 0 | 0 | $0 |
| Tony L White | Director | May 11, 2022 A | 37,852 | 0 | 0 | $0 |
| David W Dorman | Director | May 11, 2022 A | 109,875 | 0 | 0 | $0 |
| Larry J Merlo | Director | May 31, 2021 F | 632,313 | 0 | 0 | $0 |
| Mark T Bertolini | Director | Nov. 20, 2019 A | 13,773 | 0 | 0 | $0 |
| Richard M Bracken | Director | Nov. 20, 2019 A | 15,348 | 0 | 0 | $0 |
| Richard J Swift | Director | Nov. 20, 2019 A | 7,336 | 0 | 0 | $0 |
| Kristen Gibney Williams | Director | May 9, 2013 A | 1,695 | 0 | 0 | $0 |
| C A Piccolo | Director | Dec. 14, 2012 S | 181,461 | 0 | 0 | $0 |
| Marian L Heard | Director | Nov. 8, 2012 A | 11,346 | 0 | 0 | $0 |
| Edwin M Banks | Director | March 15, 2012 M | 23,187 | 0 | 0 | $0 |
| Terrence Murray | Director | Nov. 2, 2011 A | 84,140 | 0 | 0 | $0 |
| Sheli Z Rosenberg | Director | Nov. 4, 2010 A | 125,112 | 0 | 0 | $0 |
| JOYCE WILLIAM H | Director | Nov. 4, 2010 A | 18,390 | 0 | 0 | $0 |
| Roger L Headrick | Director | May 23, 2007 P | 2,200 | 0 | 0 | $0 |
| Alfred J Verrecchia | Director | March 7, 2007 A | 0 | 0 | 0 | $0 |
| Don W Cornwell | Director | Dec. 22, 2006 A | · | 0 | 0 | $0 |
| Thomas P Gerrity | Director | Nov. 9, 2006 A | 68,460 | 0 | 0 | $0 |
| Stanley P Goldstein | Director | May 11, 2006 J | 590,967 | 0 | 0 | $0 |
| Terry R Lautenbach | Director | May 21, 2004 A | 27,915 | 0 | 0 | $0 |
| Chris W Bodine | · | Feb. 18, 2009 A | 23,132 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 165 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IHF · iShares Trust | 13.37% | 1,839,467 SH | Sept. 11, 2026 | Daily |
| DUSA · Davis Fundamental ETF Trust | 5.28% | 642,932 NS | July 31, 2026 | N-PORT |
| GEND · Spinnaker ETF Series | 4.47% | 2,080 NS | July 31, 2026 | N-PORT |
| IYK · iShares Trust | 4.25% | 617,818 SH | Sept. 11, 2026 | Daily |
| CVGD · Elevation Series Trust | 4.14% | 54,893 NS | July 31, 2026 | N-PORT |
| FMTM · EA Series Trust | 3.17% | 76,503 NS | July 31, 2026 | N-PORT |
| JDOC · J.P. Morgan Exchange-Traded Fund Tr… | 2.83% | 2,458 NS | July 31, 2026 | N-PORT |
| DWLD · Davis Fundamental ETF Trust | 2.70% | 158,312 NS | July 31, 2026 | N-PORT |
| SPDV · ETF Series Solutions | 2.29% | 28,879 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 2.03% | 2,208,053 SH | Oct. 23, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 1.94% | 3,824,297 SH | Aug. 19, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 1.92% | 605,189 NS | July 31, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 1.87% | 346,218 SH | Oct. 23, 2026 | Daily |
| REVS · Columbia ETF Trust I | 1.68% | 53,828 NS | July 31, 2026 | N-PORT |
| IXJ · iShares Trust | 1.54% | 670,400 SH | Sept. 11, 2026 | Daily |
| CURE · Direxion Shares ETF Trust | 1.53% | 25,107 NS | July 31, 2026 | N-PORT |
| RSPH · Invesco Exchange-Traded Fund Trust | 1.52% | 154,187 SH | Oct. 23, 2026 | Daily |
| PWV · Invesco Exchange-Traded Fund Trust | 1.49% | 293,457 SH | Oct. 23, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 1.45% | 21,286 SH | Oct. 23, 2026 | Daily |
| DVY · iShares Trust | 1.37% | 3,384,928 SH | Sept. 11, 2026 | Daily |
| VLUE · iShares Trust | 1.35% | 1,359,538 SH | Sept. 11, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 1.21% | 4,966 NS | July 31, 2026 | N-PORT |
| GURU · Global X Funds | 1.19% | 6,951 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 1.13% | 40,284,000 | Oct. 23, 2026 | Daily |
| RECS · Columbia ETF Trust I | 1.09% | 610,992 NS | July 31, 2026 | N-PORT |
| VRP · Invesco Exchange-Traded Fund Trust … | 1.06% | 31,197,000 | Oct. 23, 2026 | Daily |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.99% | 296,395 SH | Oct. 23, 2026 | Daily |
| FEUS · FlexShares Trust | 0.97% | 10,395 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.95% | 77,895 SH | Aug. 19, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.87% | 660 NS | Aug. 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.86% | 91,475 SH | Oct. 23, 2026 | Daily |
| FXG · First Trust Exchange-Traded AlphaDE… | 0.82% | 18,035 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 0.80% | 1,171 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.80% | 190,028 NS | July 31, 2026 | N-PORT |
| SNPV · DBX ETF Trust | 0.76% | 22,283 NS | Aug. 31, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.76% | 1,713,094 SH | Oct. 23, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.75% | 50,750 SH | Aug. 19, 2026 | Daily |
| MTUM · iShares Trust | 0.75% | 1,909,551 SH | Sept. 11, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.74% | 8,286 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.72% | 12,142 NS | July 31, 2026 | N-PORT |
| WLDR · Two Roads Shared Trust | 0.71% | 6,228 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.70% | 20,817,000 | Oct. 23, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.67% | 31,166,000 | Oct. 23, 2026 | Daily |
| CATH · Global X Funds | 0.63% | 78,905 NS | July 31, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | 0.63% | 60,376 NS | Aug. 31, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.62% | 801,966 SH | Aug. 19, 2026 | Daily |
| GSY · Invesco Actively Managed Exchange-T… | 0.61% | 24,935,000 | Oct. 23, 2026 | Daily |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.58% | 36,106 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.57% | 900 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.55% | 715,000 | Oct. 23, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.55% | 5,122,611 SH | Aug. 19, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.50% | 40,184 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.50% | 531,023 SH | Oct. 23, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.50% | 15,890 NS | Aug. 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.49% | 12,134,319 SH | Aug. 19, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.48% | 710,848 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.47% | 302,533 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.45% | 185,452 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.45% | 293,814 SH | Aug. 19, 2026 | Daily |
| VUS · Virtus ETF Trust II | 0.45% | 768 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.45% | 13,627,000 | Oct. 23, 2026 | Daily |
| QARP · DBX ETF Trust | 0.42% | 3,512 NS | Aug. 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.41% | 2,119,397 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.41% | 87,120 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.41% | 310 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.40% | 17,702 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.39% | 1,116,077 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.37% | 774,792 SH | Aug. 19, 2026 | Daily |
| ESG · FlexShares Trust | 0.37% | 4,650 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.35% | 49,213 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.33% | 2,852,019 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.32% | 34 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.31% | 65 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.30% | 57,429 SH | Aug. 19, 2026 | Daily |
| SNPE · DBX ETF Trust | 0.30% | 92,710 NS | Aug. 31, 2026 | N-PORT |
| OEF · iShares Trust | 0.26% | 540,125 SH | Sept. 11, 2026 | Daily |
| INFO · Harbor ETF Trust | 0.25% | 20,350 NS | July 31, 2026 | N-PORT |
| MGC · VANGUARD WORLD FUND | 0.25% | 255,122 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.23% | 290,253 SH | Aug. 19, 2026 | Daily |
| TOPC · iShares Trust | 0.23% | 777 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.22% | 49,933 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.22% | 38,787 SH | Oct. 23, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.21% | 1,490,162 SH | Aug. 19, 2026 | Daily |
| XYLD · Global X Funds | 0.21% | 64,877 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.21% | 96 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.21% | 14,653 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.21% | 41,666 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.21% | 990 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.21% | 64,355 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.21% | 44,781 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 174,338 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.20% | 106,735 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.20% | 1,250 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.20% | 21,382 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.20% | 5,697 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.20% | 69 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.20% | 33,144,255 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.20% | 5,061 NS | July 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.20% | 44,949 NS | July 31, 2026 | N-PORT |
| LRGF · iShares Trust | 0.20% | 76,567 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 2,057,745 SH | Oct. 23, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.19% | 389,482 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.19% | 108 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.19% | 4,814 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.19% | 212,337 SH | Aug. 19, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.19% | 30,732 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.19% | 7,499 SH | Sept. 11, 2026 | Daily |
| IVV · iShares Trust | 0.19% | 16,082,099 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.19% | 7,669 SH | Oct. 23, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.18% | 204,155 SH | Oct. 23, 2026 | Daily |
| SIZE · iShares Trust | 0.18% | 8,166 SH | Sept. 11, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.18% | 27,242 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.18% | 24,548 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.18% | 40,509,855 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.18% | 108,067 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.18% | 15,049 SH | Oct. 23, 2026 | Daily |
| IWB · iShares Trust | 0.17% | 888,287 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.17% | 54,746 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.17% | 50,655 SH | Sept. 11, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.17% | 22,631 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.17% | 354,060 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.17% | 34,918 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.17% | 53,112 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.17% | 197,043 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.17% | 1,661,154 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.16% | 8,880 NS | July 31, 2026 | N-PORT |
| APUE · Trust for Professional Managers | 0.16% | 43,074 NS | Aug. 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.16% | 2,271 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.16% | 675,214 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.15% | 1,007 SH | Oct. 23, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.15% | 99,749 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.14% | 3,579 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.14% | 69,665 SH | Oct. 23, 2026 | Daily |
| KOKU · DBX ETF Trust | 0.14% | 11,834 NS | Aug. 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.13% | 114,536 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.12% | 539,188 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.12% | 406,018 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.11% | 1,069,623 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.10% | 5,157 NS | July 31, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.09% | 8,960 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.08% | 1,368 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.05% | 6,619 SH | Sept. 11, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.05% | 35,048 NS | July 31, 2026 | N-PORT |
| GLOF · iShares Trust | 0.02% | 478 SH | Sept. 11, 2026 | Daily |
| LGDX · Tidal Trust III | 0.02% | 251 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.02% | 21,000 | Oct. 21, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.01% | 419,000 | Oct. 23, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.01% | 3 NS | July 31, 2026 | N-PORT |
| NEAR · iShares U.S. ETF Trust | 0.01% | 600,000 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.01% | 517 NS | July 31, 2026 | N-PORT |
| NPFE · Elevation Series Trust | 0.00% | 276 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VGMS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
CVS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
25 analysts · 2026-10-27Mean target $115.48 +25.1%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CVS | $100.87B | 57.1 | 7.8% | 0.44% | 2.4% | · |
| CI | $72.51B | 12.4 | 11.2% | 2.2% | 14.4% | · |
| LH | $20.62B | 24.0 | 7.2% | 6.3% | 10.3% | 28.8% |
| DGX | $19.09B | 19.8 | 11.8% | 9.0% | 14.2% | · |
| GH | $13.34B | -30.8 | 32.9% | -42.4% | 205.7% | · |
| LH | $20.62B | 24.0 | 7.2% | 6.3% | 10.3% | 28.8% |
| BTSG | $7.20B | 43.0 | 28.2% | 1.5% | 10.8% | 11.8% |
| DVA | $7.79B | 11.5 | 6.5% | 5.5% | -281.8% | · |
| HNGE | $0 | -6.0 | 50.6% | -89.9% | -299.8% | 79.7% |
| CHE | · | 23.3 | 4.1% | 10.5% | 24.4% | · |
| HIMS | · | 63.7 | 59.0% | 5.5% | 23.3% | 73.8% |
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