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.

TypePublic
Founded1963
HQWoonsocket, US
Websitecvshealth.com

Latest Updates

Employees (est.) (Dec 2019)290,000(-1%)
Revenue (FY, 2019)$256.8 B(+32%)
Share Price (Jul 2020)$64.9
Cybersecurity ratingBMore

Key People/Management at CVS Health

Larry J. Merlo

Larry J. Merlo

President, Chief Executive Officer & Director
Jonathan C. Roberts

Jonathan C. Roberts

Executive Vice President and Chief Operating Officer
Eva Boratto

Eva Boratto

Executive Vice President and Chief Financial Officer
Alan M. Lotvin

Alan M. Lotvin

Executive Vice President and President of CVS Caremark
Karen S. Lynch

Karen S. Lynch

Executive Vice President and President, Aetna Business Unit
Thomas M. Moriarty

Thomas M. Moriarty

Executive Vice President, Chief Policy and External Affairs Officer, and General Counsel
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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
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CVS Health Financials and Metrics

CVS Health Revenue

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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
USDFY, 2017FY, 2018FY, 2019

Revenue

184.8b194.6b256.8b

Revenue growth, %

4%5%32%

Cost of goods sold

156.2b163.0b211.2b

Gross profit

28.5b31.5b45.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

44.5b45.7b46.2b45.7b46.7b47.3b61.6b63.4b64.8b66.8b

Cost of goods sold

37.9b38.8b39.1b38.8b39.5b39.9b50.7b52.1b53.3b40.3b

Gross profit

6.6b6.9b7.1b6.9b7.2b7.3b10.9b11.4b11.5b26.4b

Gross profit Margin, %

15%15%15%15%15%16%18%18%18%40%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.7b4.1b5.7b

Accounts Receivable

13.2b17.6b19.6b

Inventories

15.3b16.5b17.5b

Current Assets

31.2b45.2b50.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.2b2.1b2.5b42.0b43.8b41.6b5.9b6.1b5.2b10.1b

Accounts Receivable

12.1b12.3b12.4b14.0b14.2b14.8b19.5b18.2b19.8b23.0b

Inventories

14.3b14.3b14.1b14.8b14.9b14.8b15.4b15.5b16.0b17.0b

Current Assets

29.5b29.4b29.9b71.8b73.8b72.0b47.9b46.9b48.2b59.0b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

6.6b(596.0m)6.6b

Depreciation and Amortization

2.5b2.7b4.4b

Inventories

(514.0m)(1.2b)(1.1b)

Accounts Payable

1.7b2.5b3.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

953.0m2.1b3.3b998.0m(1.6b)(175.0m)1.4b3.4b4.9b2.0b

Depreciation and Amortization

619.0m1.2b1.9b644.0m1.3b1.9b1.1b2.2b3.3b1.1b

Inventories

456.0m492.0m620.0m464.0m369.0m472.0m(1.0b)939.0m413.0m541.0m

Accounts Payable

(539.0m)180.0m330.0m(178.0m)1.0b1.8b(22.0m)917.0m2.3b1.9b
USDQ1, 2017

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x
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CVS Health Operating Metrics

Q1, 2017Q2, 2017Q3, 2017FY, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Items in Catalogue (Gold Emblem Abound)

160

Mail Order Pharmacies

13 15 15 18 17

Medical Membership (Commercial)

17.76 m17.91 m17.85 m17.72 m17.75 m

Medical Membership (Southeast)

4.64 m
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CVS Health Acquisitions / Subsidiaries

Company NameDateDeal Size
IlliniCare HealthDecember 02, 2019
EntrustRXMay 08, 2018$40 m
AetnaDecember 03, 2017$69 b
TargetPharmacyJune 15, 2015$1.90 b
OmnicareMay 21, 2015$12.90 b
Navarro Discount PharmacyJuly 14, 2014
Coram Specialty InfusionNovember 27, 2013$2.10 b
Universal American - Medicare Part D BusinessDecember 01, 2010$1.25 b
Generation Health, L.L.C.December 01, 2009
RxAmericaOctober 20, 2008
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CVS Health Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

CVS Health Revenue Breakdown

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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

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CVS Health Online and Social Media Presence

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CVS Health News and Updates

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…

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...

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...

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…

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...

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.
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CVS Health Blogs

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…

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 …

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…

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…

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…

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…
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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.