OverviewSuggest Edit
CVS Health is a health care innovation company that operates through four segments: Pharmacy Services, Retail/LTC, Health Care Benefits, and Corporate/Other. The company offers pharmacy benefit management (PBM) solutions, such as plan design and administration, formulary management, clinical services, disease management programs, medical pharmacy management services, etc. It also sells drugs, cosmetics, personal care products, convenience foods, seasonal merchandise, and other related products. In addition, CVS Health offers a range of traditional, voluntary and consumer-directed health insurance products and related services.
| Type | Public | |
| Founded | 1963 | |
| HQ | Woonsocket, US | Map |
| Website | cvshealth.com |
Key People/Management at CVS Health
Larry J. Merlo
President, Chief Executive Officer & Director
Jonathan C. Roberts
Executive Vice President and Chief Operating Officer
Eva Boratto
Executive Vice President and Chief Financial Officer
Alan M. Lotvin
Executive Vice President and President of CVS Caremark
Karen S. Lynch
Executive Vice President and President, Aetna Business Unit
Thomas M. Moriarty
Executive Vice President, Chief Policy and External Affairs Officer, and General Counsel
CVS Health Office Locations
CVS Health has offices in Woonsocket, Irving, Northbrook, Pittsburgh and in 1 other location
Woonsocket, US (HQ)
1 CVS Dr
Irving, US
750 W John Carpenter Fwy #1200
Northbrook, US
2211 Sanders Rd
Pittsburgh, US
620 Epsilon Dr
Scottsdale, US
9501 E Shea Blvd
CVS Health Financials and Metrics
CVS Health Revenue
CVS Health's revenue was reported to be $256.78 b in FY, 2019 which is a 32% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2020) | 66.8b |
Gross profit (Q1, 2020) | 26.4b |
Gross profit margin (Q1, 2020), % | 39.6% |
Net income (Q1, 2020) | 2.0b |
EBIT (Q1, 2020) | 3.5b |
Market capitalization (6-Jul-2020) | 84.9b |
Closing stock price (6-Jul-2020) | 64.9 |
Cash (31-Mar-2020) | 10.1b |
EV | 167.1b |
CVS Health's current market capitalization is $84.9 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 44.5b | 45.7b | 46.2b | 45.7b | 46.7b | 47.3b | 61.6b | 63.4b | 64.8b | 66.8b |
Cost of goods sold | 37.9b | 38.8b | 39.1b | 38.8b | 39.5b | 39.9b | 50.7b | 52.1b | 53.3b | 40.3b |
Gross profit | 6.6b | 6.9b | 7.1b | 6.9b | 7.2b | 7.3b | 10.9b | 11.4b | 11.5b | 26.4b |
Gross profit Margin, % | 15% | 15% | 15% | 15% | 15% | 16% | 18% | 18% | 18% | 40% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 2.2b | 2.1b | 2.5b | 42.0b | 43.8b | 41.6b | 5.9b | 6.1b | 5.2b | 10.1b |
Accounts Receivable | 12.1b | 12.3b | 12.4b | 14.0b | 14.2b | 14.8b | 19.5b | 18.2b | 19.8b | 23.0b |
Inventories | 14.3b | 14.3b | 14.1b | 14.8b | 14.9b | 14.8b | 15.4b | 15.5b | 16.0b | 17.0b |
Current Assets | 29.5b | 29.4b | 29.9b | 71.8b | 73.8b | 72.0b | 47.9b | 46.9b | 48.2b | 59.0b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 953.0m | 2.1b | 3.3b | 998.0m | (1.6b) | (175.0m) | 1.4b | 3.4b | 4.9b | 2.0b |
Depreciation and Amortization | 619.0m | 1.2b | 1.9b | 644.0m | 1.3b | 1.9b | 1.1b | 2.2b | 3.3b | 1.1b |
Inventories | 456.0m | 492.0m | 620.0m | 464.0m | 369.0m | 472.0m | (1.0b) | 939.0m | 413.0m | 541.0m |
Accounts Payable | (539.0m) | 180.0m | 330.0m | (178.0m) | 1.0b | 1.8b | (22.0m) | 917.0m | 2.3b | 1.9b |
| USD | Q1, 2017 |
|---|---|
Debt/Equity | 0.8 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.7 x |
CVS Health Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| IlliniCare Health | December 02, 2019 | |
| EntrustRX | May 08, 2018 | $40 m |
| Aetna | December 03, 2017 | $69 b |
| TargetPharmacy | June 15, 2015 | $1.90 b |
| Omnicare | May 21, 2015 | $12.90 b |
| Navarro Discount Pharmacy | July 14, 2014 | |
| Coram Specialty Infusion | November 27, 2013 | $2.10 b |
| Universal American - Medicare Part D Business | December 01, 2010 | $1.25 b |
| Generation Health, L.L.C. | December 01, 2009 | |
| RxAmerica | October 20, 2008 |
CVS Health Cybersecurity Score
CVS Health Revenue Breakdown
CVS Health revenue breakdown by business segment: 24.6% from Premiums, 64.6% from Pharmacy, 7.6% from Front Store and 3.2% from Other
Human Capital Metrics
CVS Health Online and Social Media Presence
59.8k Twitter followers
CVS Health has 59.8k Twitter Followers. The number of followers has increased 0.3% month over month and increased 9.7% quarter over quarter
CVS Health's Trends
Twitter Engagement Stats for @CVSHealth
11.7k
Tweets
5.6k
Following
59.8k
Followers
40
Tweets last 30 days
16.7
Avg. likes per Tweet
95%
Tweets with engagement
CVS Health News and Updates
June 26, 2020
CVS Health launched a coronavirus return-to-work program for employers
This story was delivered to Insider Intelligence Digital Health Briefing subscribers earlier this morning.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Digital Health industry with the Digital Health Briefing. You can learn more about subscribing here.
As one o…
June 15, 2020
Is CVS Health Oversold At $63?
CVS Health’s stock (NYSE: CVS) has lost 15% of its value year-to-date, currently trading at levels of around $63. While the stock fell close to 30% to about $52 as the markets collapsed in March, it has risen by 21% from those lows. Why? While the Covid-19 outbreak and associated lockdowns...
June 11, 2020
CVS Health Opens 10 New Drive-Thru Test Sites in Kansas as Part of Nationwide COVID-19 Response
WOONSOCKET, R.I., June 11, 2020 /PRNewswire/ -- Building on the company's comprehensive efforts to help slow the spread of the virus, on Friday, June 12 CVS Health (NYSE: CVS) will open 10 new COVID-19 test sites at select CVS Pharmacy drive-thru locations across Kansas. These new sites...
June 04, 2020
Tauriga Sciences, Inc. Approved by CVS Health Corp. to Become a Registered Vendor
NEW YORK, NY, June 04, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences Company, with proprietary CBD & CBG infused chewing gums and edibles product(s) as well as two ongoing Biotechn…
June 01, 2020
CVS Health to Present at Goldman Sachs 41st Annual Global Healthcare Conference
WOONSOCKET, R.I., June 1, 2020 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) today announced that Eva Boratto, Executive Vice President and Chief Financial Officer, and Karen Lynch, Executive Vice President and President of Aetna, will be participating in a fireside chat with...
May 28, 2020
CVS Health to open last of 1,000 drive-thru COVID-19 testing sites
CVS Health Corp said on Thursday
it would open more COVID-19 testing sites at some of its
pharmacy drive-thru locations, completing the last leg of the
drugstore chain's planned 1,000 sites across more than 30 U.S.
states.
CVS Health Blogs
October 16, 2018
A Day in the Life of a CVS Health Pharmacy Technician
CVS Health employs more than 50,000 pharmacy technicians across the country. In honor of National Pharmacy Technician Day on October 16, and every day, we recognize the valued support they provide to CVS pharmacists and pharmacy teams across the organization.
In many ways, these individuals repre…
October 11, 2018
By the Numbers: Utilizing Technology to Improve Care
The majority of Americans believe that health technology plays a valuable role in improving care outcomes and unlocking cost savings. In fact, a recent CVS Health poll conducted by Morning Consult found that nearly eight in 10 Americans (77 percent) believe that technology has a positive impact on …
October 10, 2018
CVS Health Provides Update to Board and Management Roles Upon Closing of Aetna Acquisition
CVS Health Provides Update to Board and Management Roles Upon Closing of Aetna AcquisitionWednesday, October 10, 2018Will expand Board to include three additional Aetna Directors with deep insurance company oversight experience
Eva Boratto to become CFO; Shawn Guertin to remain with company for tra…
October 10, 2018
CVS Pharmacy Store Status – Hurricane Michael
Last Updated: October 10, 10:30am Eastern
October 10, 2018: All CVS Pharmacy locations in mandatory evacuation areas in Florida, Georgia and Alabama are closed, as noted in the list below. All other CVS Pharmacy stores in the communities impacted by Hurricane Michael are open to serve the prescrip…
October 10, 2018
CVS Health Acquisition of Aetna Moving Forward on Agreement with U.S. Department of Justice
CVS Health Acquisition of Aetna Moving Forward on Agreement with U.S. Department of JusticeWednesday, October 10, 2018
Transaction on track to close in early part of Q4 2018
WOONSOCKET, R.I., Oct. 10, 2018 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced that it has entered into an agreement…
October 09, 2018
CVS Pharmacy launches BeautyIRL concept shops
The new BeautyIRL shops feature an expanded and redesigned beauty department and mini beauty services through GlamSquad.
The new BeautyIRL shops feature an expanded and redesigned beauty department and mini beauty services t…
CVS Health Frequently Asked Questions
When was CVS Health founded?
CVS Health was founded in 1963.
Who are CVS Health key executives?
CVS Health's key executives are Larry J. Merlo, Jonathan C. Roberts and Eva Boratto.
How many employees does CVS Health have?
CVS Health has 290,000 employees.
What is CVS Health revenue?
Latest CVS Health annual revenue is $256.8 b.
What is CVS Health revenue per employee?
Latest CVS Health revenue per employee is $885.4 k.
Who are CVS Health competitors?
Competitors of CVS Health include Walgreens Boots Alliance, Express Scripts and Prime Therapeutics.
Where is CVS Health headquarters?
CVS Health headquarters is located at 1 CVS Dr, Woonsocket.
Where are CVS Health offices?
CVS Health has offices in Woonsocket, Irving, Northbrook, Pittsburgh and in 1 other location.
How many offices does CVS Health have?
CVS Health has 5 offices.
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