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 | |
| Overall Culture | C | More |
Recent NewsAll News
- CVS Health Joins Chicago-Area Nonprofits to Launch Free, Rapid COVID-19 Testing
- CVS Health Stock Remains Attractive At $65
- Aetna president to take helm of CVS Health as CEO Larry Merlo steps down next year
- Thinking about trading options or stock in Zillow Group, General Motors, Square, T-Mobile, or CVS Health Corp?
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 (Q3, 2020) | 47.7b |
Market capitalization (13-Nov-2020) | 90.8b |
Closing stock price (13-Nov-2020) | 71.0 |
Cash (30-Sept-2020) | 9.3b |
EV | 168.8b |
CVS Health's current market capitalization is $90.8 b.
Annual
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 998.0m | (1.6b) | (175.0m) | 1.4b | 3.4b | 4.9b | 2.0b | 5.0b | 6.2b |
Depreciation and Amortization | 644.0m | 1.3b | 1.9b | 1.1b | 2.2b | 3.3b | 1.1b | 2.2b | 3.3b |
Inventories | 464.0m | 369.0m | 472.0m | (1.0b) | 939.0m | 413.0m | 541.0m | 1.0b | 45.0m |
Accounts Payable | (178.0m) | 1.0b | 1.8b | (22.0m) | 917.0m | 2.3b | 1.9b | 1.7b | 3.5b |
| USD | FY, 2017 |
|---|---|
EV/EBIT | 10.2 x |
EV/CFO | 12.2 x |
Revenue/Employee | 751.1k |
Debt/Equity | 0.7 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.5 x |
P/E Ratio | 11.3 |
CVS Health Operating Metrics
| Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Mail Order Pharmacies | 13 | 15 | 15 | 18 | 17 | ||||||
Medical Membership | 22.10 m | 22.83 m | 22.84 m | 22.81 m | 22.91 m | 23.46 m | 23.59 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 | ||||
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 | $1.90 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 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
CVS Health Cybersecurity Score
CVS Health Online and Social Media Presence
60.96k Twitter followers
CVS Health has 60.96k Twitter Followers. The number of followers has increased 0.6% month over month and increased 1.3% quarter over quarter
CVS Health's Trends
Twitter Engagement Stats for @CVSHealth
11.9k
Tweets
5.6k
Following
61k
Followers
48
Tweets last 30 days
14.6
Avg. likes per Tweet
100%
Tweets with engagement
CVS Health Company Culture
Overall Culture
C
63/100
CEO Rating
D
60/100
Compensation
C-
59/100
Diversity
C
64/100
CVS Health News and Updates
November 11, 2020
CVS Health Joins Chicago-Area Nonprofits to Launch Free, Rapid COVID-19 Testing
CHICAGO, Nov. 11, 2020 /PRNewswire/ -- Together with the New Spiritual Light Missionary Baptist Church and Peer Plus Education and Training Advocates, CVS Health is launching rapid COVID-19 testing at the Chicago Baptist Institute. CVS pharmacists and pharmacy employees will staff the...
November 10, 2020
CVS Health Stock Remains Attractive At $65
CVS Health stock is down 12% since the start of the year and it has gained around 23% from its March lows. CVS Health could offer an upside in the near term, as the company’s revenues in the last two quarters have grown by 3%. The ongoing Covid-19 crisis has resulted in higher unemployment...
November 09, 2020
Aetna president to take helm of CVS Health as CEO Larry Merlo steps down next year
Aetna President Karen S. Lynch has been named CVS's next president and CEO.
November 06, 2020
Thinking about trading options or stock in Zillow Group, General Motors, Square, T-Mobile, or CVS Health Corp?
NEW YORK, Nov. 6, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for Z, GM, SQ, TMUS, and CVS. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different options...
November 06, 2020
CVS Health CEO Larry Merlo To Hand Over Reins To Longtime Aetna Executive Karen Lynch
CVS Health said longtime Aetna executive Karen Lynch, the drugstore chain’s current executive vice president, will take over from Larry Merlo as president and CEO effective Feb. 1, 2021.
November 06, 2020
CVS Health shares up 3% premarket as earnings beat and company raises guidance
CVS Health Corp. shares rose 3% in premarket trade Friday, after the drug store chain beat estimates for the third quarter and raised its full-year guidance, amid strong demand for coronavirus testing. CVS posted net income of $1.219 billion, or 93 cents a share, for the quarter, down from $1.529 b…
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 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 Rite Aid, UnitedHealth Group and PillPack.
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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