Financials in USD. Standardized financial statements.
A compact view of how CVS Health Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $402.07B | $372.81B | $357.78B | $322.47B | $292.11B | $268.71B | $256.78B | $194.58B | $184.79B | $177.55B |
| Revenue Growth? | +7.8% | +4.2% | +10.9% | +10.4% | +8.7% | +4.6% | +32.0% | +5.3% | +4.1% | 0.0% |
| Cost of Revenue? | $346.70B | $321.41B | $303.35B | $267.96B | $239.99B | $219.66B | $211.25B | $163.04B | $156.26B | $148.71B |
| Gross Profit? | $55.36B | $51.40B | $54.43B | $54.50B | $52.12B | $49.05B | $45.53B | $31.54B | $28.53B | $28.83B |
| Gross Margin? | +13.8% | +13.8% | +15.2% | +16.9% | +17.8% | +18.3% | +17.7% | +16.2% | +15.4% | +16.2% |
| Operating Expenses? | $44.98B | $42.88B | $40.69B | $46.55B | $38.81B | $35.13B | $33.54B | $27.52B | $18.99B | $18.45B |
| Operating Income? | $10.38B | $8.52B | $13.74B | $7.95B | $13.31B | $13.91B | $11.99B | $4.02B | $9.54B | $10.39B |
| EBITDA? | $9.86B | $13.68B | $18.20B | $12.35B | $17.53B | $17.12B | $16.40B | $6.74B | $11.81B | $12.19B |
| Income Before Tax | $2.14B | $6.15B | $11.17B | $5.84B | $10.54B | $9.77B | $9.00B | $1.41B | $8.27B | $8.64B |
| Income Tax Expense | $408.00M | $1.56B | $2.81B | $1.51B | $2.55B | $2.57B | $2.37B | $2.00B | $1.64B | $3.32B |
| Net Income? | $1.77B | $4.61B | $8.34B | $4.31B | $8.00B | $7.18B | $6.63B | -$594.00M | $6.62B | $5.32B |
| EPS? | $1.40 | $3.66 | $6.49 | $3.29 | $6.00 | $5.48 | $5.10 | $-0.57 | $6.47 | $4.93 |
| Diluted EPS? | $1.39 | $3.66 | $6.47 | $3.26 | $5.95 | $5.46 | $5.08 | $-0.57 | $6.44 | $4.90 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality