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
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)290,000(-1%)
Revenue (FY, 2019)$256.8 B(+32%)
Share Price (Nov 2020)$71 (+3%)
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 (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
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, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

15%15%16%18%18%18%40%38%
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, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

71.8b73.8b72.0b47.9b46.9b48.2b59.0b62.5b59.2b
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, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

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

Mail Order Pharmacies

13 15 15 18 17

Medical Membership

22.10 m22.83 m22.84 m22.81 m22.91 m23.46 m23.59 m

Medical Membership (Commercial)

17.76 m17.91 m17.85 m17.72 m17.75 m17.58 m17.48 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 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

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CVS Health Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

CVS Health Online and Social Media Presence

Embed Graph

CVS Health Company Culture

  • Overall Culture

    C

    63/100

  • CEO Rating

    D

    60/100

  • Compensation

    C-

    59/100

  • Diversity

    C

    64/100

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CVS Health News and Updates

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...

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...

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.

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...

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.

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…
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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 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.