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, RI, US | Map |
| Website | cvshealth.com | |
| Overall Culture | D | More |
Key People/Management at CVS Health
David Casey
Senior Vice President, Workforce Strategies and Chief Diversity Officer
Jonathan C. Roberts
Executive Vice President and Chief Operating Officer
Katie Durant
Senior Director, Investor Relations
Eva Boratto
Executive Vice President and Chief Financial Officer
Neela Montgomery
Executive Vice President and President, CVS Pharmacy
Alan M. Lotvin
Executive Vice President and President of CVS Caremark
CVS Health Office Locations
CVS Health has offices in Woonsocket, Irving, Northbrook, Pittsburgh and in 1 other location
Woonsocket, RI, US (HQ)
1 CVS Dr
Irving, TX, US
750 W John Carpenter Fwy #1200
Northbrook, IL, US
2211 Sanders Rd
Pittsburgh, PA, US
620 Epsilon Dr
Scottsdale, AZ, US
9501 E Shea Blvd
CVS Health Financials and Metrics
CVS Health Revenue
CVS Health's revenue was reported to be $268.71 b in FY, 2020 which is a 4.6% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2021) | 69.1b |
Gross profit (Q1, 2021) | 28.2b |
Gross profit margin (Q1, 2021), % | 40.8% |
Net income (Q1, 2021) | 2.2b |
EBIT (Q1, 2021) | 3.6b |
Market capitalization (7-May-2021) | 112.1b |
Closing stock price (7-May-2021) | 85.1 |
Cash (31-Mar-2021) | 5.6b |
EV | 168.1b |
CVS Health's current market capitalization is $112.1 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 45.7b | 46.7b | 47.3b | 61.6b | 63.4b | 64.8b | 66.8b | 65.3b | 67.1b | 69.1b |
Cost of goods sold | 38.8b | 39.5b | 39.9b | 50.7b | 52.1b | 53.3b | 40.3b | 40.2b | 40.9m | 40.9b |
Gross profit | 6.9b | 7.2b | 7.3b | 10.9b | 11.4b | 11.5b | 26.4b | 25.1b | 67.0b | 28.2b |
Gross profit Margin, % | 15% | 15% | 16% | 18% | 18% | 18% | 40% | 38% | 100% | 41% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 42.0b | 43.8b | 41.6b | 5.9b | 6.1b | 5.2b | 10.1b | 14.9b | 9.3b | 5.6b |
Accounts Receivable | 14.0b | 14.2b | 14.8b | 19.5b | 18.2b | 19.8b | 23.0b | 22.5b | 23.8b | 23.9b |
Inventories | 14.8b | 14.9b | 14.8b | 15.4b | 15.5b | 16.0b | 17.0b | 16.5b | 17.5b | 17.6b |
Current Assets | 71.8b | 73.8b | 72.0b | 47.9b | 46.9b | 48.2b | 59.0b | 62.5b | 59.2b | 55.7b |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 998.0m | (1.6b) | (175.0m) | 1.4b | 3.4b | 4.9b | 2.0b | 5.0b | 6.2b | 2.2b |
Depreciation and Amortization | 644.0m | 1.3b | 1.9b | 1.1b | 2.2b | 3.3b | 1.1b | 2.2b | 3.3b | 1.1b |
Inventories | 464.0m | 369.0m | 472.0m | (1.0b) | 939.0m | 413.0m | 541.0m | 1.0b | 45.0m | 879.0m |
Accounts Payable | (178.0m) | 1.0b | 1.8b | (22.0m) | 917.0m | 2.3b | 1.9b | 1.7b | 3.5b | 576.0m |
CVS Health Operating Metrics
| FY, 2017 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
Mail Order Pharmacies | 18 | 17 | ||||||||
Medical Membership | 22.1 m | 22.83 m | 22.84 m | 22.81 m | 22.91 m | 23.46 m | 23.59 m | 23.27 m | 23.41 m | |
Medical Membership (Commercial) | 17.76 m | 17.91 m | 17.85 m | 17.72 m | 17.75 m | 17.58 m | 17.48 m | 16.94 m | 16.9 m | |
Medical Membership (Southeast) | 4.64 m |
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 | $1.9 b |
| Omnicare | May 21, 2015 | $12.9 b |
| Navarro Discount Pharmacy | July 14, 2014 | |
| Coram Specialty Infusion | November 27, 2013 | $2.1 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 Revenue Breakdown
CVS Health revenue breakdown by business segment: 63.7% from Pharmacy, 7.3% from Front Store, 25.8% from Premiums and 3.1% from Other
CVS Health Cybersecurity Score
CVS Health Environment, Social & Governance (ESG) Ratings
CVS Health Online and Social Media Presence
63.32k Twitter followers
CVS Health has 63.32k Twitter Followers. The number of followers has increased 0.2% month over month and increased 1.9% quarter over quarter
CVS Health's Trends
Twitter Engagement Stats for @CVSHealth
12.3k
Tweets
5.5k
Following
63.3k
Followers
46
Tweets last 30 days
6.9
Avg. likes per Tweet
78.3%
Tweets with engagement
CVS Health Company Culture
Overall Culture
D
61/100
CEO Rating
F
53/100
Compensation
D+
59/100
CVS Health News and Updates
May 06, 2021
Should You Buy CVS Health Stock After Q1 Beat?
The investors were more than happy with CVS’ Q1 performance as well as revised guidance, and the stock rose 4%, post the earnings announcement. Now that over 44% of the U.S. population has received at least one dose of vaccine, the company’s retail sales are expected to rise, boding well for CVS...
May 04, 2021
Stocks making the biggest moves midday: U.S. Steel, CVS Health, SolarEdge and more
Names on the move ahead of the open.
May 04, 2021
CVS Health earnings top estimates as Covid vaccinations, testing boost drugstore sales
CVS Health reported a strong first quarter and raised itsforecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions.
May 04, 2021
CVS Health Reports Strong First Quarter Results
WOONSOCKET, R.I., May 4, 2021 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) today announced operating results for the three months ended March 31, 2021. First Quarter Highlights: Total revenues increased to $69.1 billion, up 3.5% compared to prior year GAAP diluted EPS of $1.68, up 9....
May 03, 2021
CVS Health Announces New Initiatives to Support Women's Health and Wellness in May
WOONSOCKET, R.I., May 3, 2021 /PRNewswire/ -- CVS Health (NYSE: CVS) today announced new initiatives to support women's health and wellness in May, including offering no-cost heart health screenings from May 9 through May 15 at MinuteClinic to help women understand their risk for heart...
April 30, 2021
CVS Health Launches Corporate Venture Capital Fund
CVS Health (NYSE: CVS), a Woonsocket, R.I.-based diversified health services company launched CVS Health Ventures, a dedicated corporate venture capital fund.
CVS Health Blogs
October 25, 2018
A Personalized Approach to Helping Patients Manage Their Medications
While adhering to medicines as prescribed can lower costs and help improve patient outcomes, the process can be burdensome for many patients. Today, half of Americans now regularly take a prescription medication.i And many of these individuals are living with complex or chronic conditions that requ…
October 25, 2018
CVS Health Research Finds that Managed Care Formulary Model Can Save State Medicaid Programs Millions
CVS Health Research Finds that Managed Care Formulary Model Can Save State Medicaid Programs MillionsThursday, October 25, 2018
States with PBM-managed Medicaid formulary have higher generic drug use and lower overall drug costs
PBMs are an important partner to help states deliver cost-effective fo…
October 24, 2018
Expanding Access to Safe and Convenient Drug Disposal
More than six million Americans misused controlled prescriptions in 2016i, with many obtaining them from family and friends. In fact, in-home medicine cabinets are often the source of diverted prescriptions – making the disposal of unused medicines an important strategy in preventing abuse.
On Oc…
October 23, 2018
Care Coordination Solutions Following the IMPACT Act
The United States will undergo a population shift over the next several decades, as the number of Americans who are 65 and older increases. In fact, this group will reach 98 million by 2060, accounting for nearly one quarter of the population.1 This population change is particularly significant for…
October 18, 2018
Bringing Change to Health Care: Merlo at Economic Club of Washington, D.C.
Larry Merlo, President and Chief Executive Officer for CVS Health, presented to the Economic Club of Washington, D.C. — a forum for business leaders and policymakers to address top social and economic issues — to share his vision for transforming health care for Americans. Merlo emphasized how the …
October 17, 2018
Research: Home Infusion Care for Patients with IBD
New research from Coram CVS Specialty® Infusion Services (Coram) found that patients with Crohn’s disease and ulcerative colitis receiving infusion treatment at home had low incidence of infusion reactions. The study, published in Digestive Diseases and Sciences, provides new evidence that home inf…
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 David Casey, Jonathan C. Roberts and Katie Durant.
How many employees does CVS Health have?
CVS Health has 300,000 employees.
What is CVS Health revenue?
Latest CVS Health annual revenue is $268.7 b.
What is CVS Health revenue per employee?
Latest CVS Health revenue per employee is $895.7 k.
Who are CVS Health competitors?
Competitors of CVS Health include Anthem, Rite Aid and UnitedHealth Group.
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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