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, RI, US
Websitecvshealth.com
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)300,000(+4%)
Job Openings21,651
Revenue (FY, 2020)$268.7 B(+5%)
Share Price (May 2021)$85.1(+10%)
Cybersecurity ratingBMore

Key People/Management at CVS Health

David Casey

David Casey

Senior Vice President, Workforce Strategies and Chief Diversity Officer
Jonathan C. Roberts

Jonathan C. Roberts

Executive Vice President and Chief Operating Officer
Katie Durant

Katie Durant

Senior Director, Investor Relations
Eva Boratto

Eva Boratto

Executive Vice President and Chief Financial Officer
Neela Montgomery

Neela Montgomery

Executive Vice President and President, CVS Pharmacy
Alan M. Lotvin

Alan M. Lotvin

Executive Vice President and President of CVS Caremark
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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
Show all (5)

CVS Health Financials and Metrics

CVS Health Revenue

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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
USDFY, 2018FY, 2019FY, 2020

Revenue

194.6b256.8b268.7b

Revenue growth, %

5%32%5%

Cost of goods sold

163.0b211.2b164.0b

Gross profit

31.5b45.5b104.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

45.7b46.7b47.3b61.6b63.4b64.8b66.8b65.3b67.1b69.1b

Cost of goods sold

38.8b39.5b39.9b50.7b52.1b53.3b40.3b40.2b40.9m40.9b

Gross profit

6.9b7.2b7.3b10.9b11.4b11.5b26.4b25.1b67.0b28.2b

Gross profit Margin, %

15%15%16%18%18%18%40%38%100%41%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

4.1b5.7b7.9b

Accounts Receivable

17.6b19.6b21.7b

Inventories

16.5b17.5b18.5b

Current Assets

45.2b50.3b56.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

42.0b43.8b41.6b5.9b6.1b5.2b10.1b14.9b9.3b5.6b

Accounts Receivable

14.0b14.2b14.8b19.5b18.2b19.8b23.0b22.5b23.8b23.9b

Inventories

14.8b14.9b14.8b15.4b15.5b16.0b17.0b16.5b17.5b17.6b

Current Assets

71.8b73.8b72.0b47.9b46.9b48.2b59.0b62.5b59.2b55.7b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

6.6b(596.0m)6.6b7.2b

Depreciation and Amortization

2.5b2.7b4.4b4.4b

Inventories

(514.0m)(1.2b)(1.1b)(973.0m)

Accounts Payable

1.7b2.5b3.6b2.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

998.0m(1.6b)(175.0m)1.4b3.4b4.9b2.0b5.0b6.2b2.2b

Depreciation and Amortization

644.0m1.3b1.9b1.1b2.2b3.3b1.1b2.2b3.3b1.1b

Inventories

464.0m369.0m472.0m(1.0b)939.0m413.0m541.0m1.0b45.0m879.0m

Accounts Payable

(178.0m)1.0b1.8b(22.0m)917.0m2.3b1.9b1.7b3.5b576.0m
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CVS Health Operating Metrics

FY, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Mail Order Pharmacies

1817

Medical Membership

22.1 m22.83 m22.84 m22.81 m22.91 m23.46 m23.59 m23.27 m23.41 m

Medical Membership (Commercial)

17.76 m17.91 m17.85 m17.72 m17.75 m17.58 m17.48 m16.94 m16.9 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$1.9 b
OmnicareMay 21, 2015$12.9 b
Navarro Discount PharmacyJuly 14, 2014
Coram Specialty InfusionNovember 27, 2013$2.1 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 Revenue Breakdown

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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

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CVS Health Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

CVS Health Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

CVS Health Online and Social Media Presence

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CVS Health Company Culture

  • Overall Culture

    D

    61/100

  • CEO Rating

    F

    53/100

  • Compensation

    D+

    59/100

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CVS Health News and Updates

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...

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.

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....

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...

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.
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CVS Health Blogs

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…

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…

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…

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…

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 …

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…
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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 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.