OverviewSuggest Edit

CVS Health is a health care innovation company which operates through three segments: Pharmacy Services, Retail/LTC, and Health Care Benefits. 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 broad range of traditional, voluntary and consumer-directed health insurance products and related services.

TypePublic
Founded1963
HQWoonsocket, US
Websitecvshealth.com

Latest Updates

Employees (est.) (Dec 2018)295,000(+20%)
Revenue (FY, 2018)$194.6 B(+6%)
Share Price (Oct 2019)$66.5 (+2%)

Key People/Management at CVS Health

Larry Merlo

Larry Merlo

President and Chief Executive Officer, CVS Health
Jonathan Roberts

Jonathan Roberts

Executive Vice President and Chief Operating Officer, CVS Health
Eva Boratto

Eva Boratto

Executive Vice President and Chief Financial Officer, CVS Health
Derica Rice

Derica Rice

Executive Vice President, CVS Health and President, CVS Caremark
Kevin Hourican

Kevin Hourican

Executive Vice President, CVS Health and President, CVS Pharmacy
Thomas Moriarty

Thomas Moriarty

Executive Vice President, Chief Policy and External Affairs Officer, and General Counsel, CVS Health
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CVS Health Office Locations

CVS Health has offices in Woonsocket, Baltimore, Frederick, Jacksonville and in 4 other locations
Woonsocket, US (HQ)
1 CVS Dr
Baltimore, US
Baltimore, MD, USA
Frederick, US
Frederick, MD, USA
Jacksonville, US
Jacksonville, FL, USA
Mendota Heights, US
1110 Centre Pointe Curve #101
Milwaukee, US
Milwaukee, WI, USA
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CVS Health Financials and Metrics

CVS Health Revenue

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CVS Health's revenue was reported to be $194.58 b in FY, 2018 which is a 5.3% increase from the previous period.
USD

Revenue (Q1, 2019)

61.4b

Gross profit (Q1, 2019)

24.2b

Gross profit margin (Q1, 2019), %

39.3%

Net income (Q1, 2019)

1.4b

EBIT (Q1, 2019)

2.7b

Market capitalization (17-Oct-2019)

86.5b

Closing stock price (17-Oct-2019)

66.5

Cash (31-Mar-2019)

5.9b

EV

152.4b
CVS Health's current market capitalization is $86.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

126.8b139.4b153.3b177.5b184.8b194.6b

Revenue growth, %

10%10%16%4%5%

Cost of goods sold

103.0b114.0b126.8b148.7b156.2b156.4b

Gross profit

23.8b25.4b26.5b28.9b28.5b38.1b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

32.0b32.7b34.6b35.0b36.3b37.2b38.6b43.2b43.7b44.6b44.6b44.5b45.7b46.2b45.7b46.7b47.3b61.4b

Cost of goods sold

25.9b26.7b28.3b28.6b30.2b30.8b32.0b36.5b36.7b37.1b37.1b37.9b38.8b39.1b38.8b39.5b39.9b37.2b

Gross profit

6.0b5.9b6.3b6.5b6.2b6.4b6.7b6.7b7.0b7.5b7.5b6.6b6.9b7.1b6.9b7.2b7.3b24.2b

Gross profit Margin, %

19%18%18%18%17%17%17%16%16%17%17%15%15%15%15%15%16%39%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.1b2.5b2.5b3.4b1.7b4.1b

Accounts Receivable

8.7b9.7b11.9b12.2b13.2b17.6b

Inventories

11.0b11.9b14.0b14.8b15.3b16.5b

Current Assets

25.3b26.0b30.4b31.0b31.2b45.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

1.5b2.8b1.6b1.1b1.5b1.2b2.9b1.8b1.1b2.2b2.2b2.1b2.5b42.0b43.8b41.6b5.9b

Accounts Receivable

8.0b9.1b9.5b10.8b10.2b10.9b12.8b13.0b13.2b13.6b12.1b12.3b12.4b14.0b14.2b14.8b

Inventories

10.8b11.2b11.4b11.6b12.2b12.4b13.3b13.9b14.2b14.3b14.3b14.3b14.1b14.8b14.9b14.8b15.4b

Current Assets

21.4b24.5b24.1b25.3b25.6b26.4b30.8b29.4b29.4b30.9b29.5b29.4b29.9b71.8b73.8b72.0b47.9b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

4.6b4.6b5.2b5.3b6.6b(596.0m)

Depreciation and Amortization

2.5b2.5b2.7b

Inventories

12.0m(770.0m)(1.1b)(742.0m)(514.0m)(1.2b)

Accounts Payable

2.2b1.7b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

1.3b1.1b1.2b948.0m1.2b2.5b3.7b1.1b2.1b3.6b953.0m2.1b3.3b998.0m(1.6b)(175.0m)1.4b

Depreciation and Amortization

978.0m1.5b617.0m1.2b1.8b619.0m1.2b1.9b644.0m1.3b1.9b1.1b

Inventories

(465.0m)(893.0m)89.0m(167.0m)(337.0m)456.0m492.0m620.0m464.0m369.0m472.0m1.0b

Accounts Payable

1.6b330.0m(178.0m)1.0b
USDY, 2019

EV/EBIT

56.6 x

EV/CFO

78.2 x

Financial Leverage

3.7 x
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CVS Health Operating Metrics

CVS Health's Customers was reported to be 90 m in FY, 2016.
FY, 2016

Clinics

1.10 k

Customers

90 m

Patients Served per Year

1 m

Pharmacies Owned

9.70 k
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CVS Health Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AetnaDecember 03, 2017$69 b
OmnicareMay 21, 2015$12.90 b
Navarro Discount PharmacyJuly 14, 2014
Coram Specialty InfusionNovember 27, 2013$2.10 b

CVS Health Revenue Breakdown

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CVS Health revenue breakdown by business segment: 62.2% from Pharmacy Services and 37.8% from Retail/LTC

CVS Health Online and Social Media Presence

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CVS Health News and Updates

ROSEN, A LEADING LAW FIRM, Reminds CVS Health Corporation Investors of Important Deadline in Securities Class Action - CVS

NEW YORK, Oct. 5, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds former Aetna Inc. shareholders who acquired CVS Health Corporation (NYSE: CVS) shares in exchange for their Aetna shares in connection with CVS's acquisition of Aetna on November 28, 2018 of...

CVS LOSS NOTICE: ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against CVS Health Corporation - CVS

NEW YORK, Sept. 23, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all former Aetna Inc. shareholders who acquired CVS Health Corporation (NYSE: CVS) shares in exchange for their Aetna shares in...

Bam Adebayo, de Miami Heat, ayuda a CVS Health a comenzar chequeos de salud gratuitos en Miami

MIAMI, 20 de septiembre de 2019 /PRNewswire-HISPANIC PR WIRE/ -- Como parte de un compromiso de desarrollo de comunidades más saludables, CVS Health (NYSE: CVS) celebró la ampliación de su campaña anual de chequeos médicos gratuitos Proyecto Salud (Project Health) con un evento...

NBA Point Guard and Former Villanova Wildcat Donte DiVincenzo Helps CVS Health Kick Off Free Health Screenings in Philadelphia

PHILADELPHIA, Sept. 20, 2019 /PRNewswire/ -- As part of a commitment to building healthier communities, CVS Health (NYSE: CVS) celebrated the expansion of its annual Project Health free health screening campaign with a community event that took place on Friday, September 20th at CVS...

Miami Heat's Bam Adebayo Helps CVS Health Kick Off Free Health Screenings in Miami

Project Health has delivered more than $16 million worth of free health services locally since 2007.read more

State Senator Ling Ling Chang and LA Clippers Power Forward Mfiondu Kabengele Helps CVS Health Kick Off Free Health Screenings in Los Angeles

LOS ANGELES, Sept. 20, 2019 /PRNewswire/ -- As part of a commitment to building healthier communities, CVS Health (NYSE: CVS) celebrated the expansion of its annual Project Health free health screening campaign with a community event that took place on Thursday, September 19th at CVS...
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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 Merlo, Jonathan Roberts and Eva Boratto.

  • How many employees does CVS Health have?

    CVS Health has 295,000 employees.

  • What is CVS Health revenue?

    Latest CVS Health annual revenue is $194.6 b.

  • What is CVS Health revenue per employee?

    Latest CVS Health revenue per employee is $659.6 k.

  • Who are CVS Health competitors?

    Competitors of CVS Health include Cigna, Walgreens Boots Alliance and Express Scripts.

  • 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, Baltimore, Frederick, Jacksonville and in 4 other locations.

  • How many offices does CVS Health have?

    CVS Health has 8 offices.