CVS Health Corporation (NYSE: CVS)

Healthcare Plans · Woonsocket, RI, United States · Founded 1963

$75.0B

Market Cap

$402.07B

Revenue

300,000

Employees

$1.77B

Net Income

📊 Key Statistics for CVS Health Corporation (CVS)

Market capitalization: $75.0 billion
Annual revenue: $402.07 billion
Net income: $1.77 billion
Employees: 300,000
Sector: Healthcare
Headquarters: Woonsocket, United States
Founded: 1963

Source: Statvoo company profile for CVS Health Corporation. Browse all 500+ companies

📋 About CVS Health Corporation

CVS Health is the largest healthcare company in America by revenue — over $357 billion — combining a retail pharmacy chain (~9,000 stores), a health insurer (Aetna, ~25 million members), and a pharmacy benefit manager (CVS Caremark, processing ~2 billion prescriptions annually). The company's strategy is to be the front door to healthcare for American consumers. CVS also operates MinuteClinic and HealthHUB locations inside its stores.

cvshealth.com analysis · Visit website →

💰 How CVS Health Corporation Makes Money

Three segments: Health Care Benefits (Aetna insurance), Health Services (Caremark PBM, specialty pharmacy), and Pharmacy & Consumer Wellness (retail stores, prescriptions, front-of-store). The PBM business negotiates drug prices with manufacturers and manages formularies for insurers and employers. The vertical integration — insurer + PBM + pharmacy — is the strategic thesis, though it's drawn regulatory scrutiny.

📜 Key Milestones

The Consumer Value Store opened in Lowell, Massachusetts in 1963. CVS acquired pharmacy benefit manager Caremark in 2007 for $21 billion. The transformative $69 billion acquisition of Aetna in 2018 created the current vertically integrated model. CVS stopped selling tobacco products in 2014, rebranding as CVS Health — a move that cost $2 billion in annual revenue but repositioned the brand. The company has cycled through several CEOs in recent years.

📊 Financial Overview

Market Capitalization	$75.0B
Annual Revenue	$402.07B
Net Income	$1.77B
Profit Margin	0%
Revenue per Employee	$1340233K
Stock Exchange	NYSE
Ticker Symbol	CVS

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

CVS's decision to stop selling cigarettes in 2014 was unprecedented for a pharmacy chain and cost real money — but it enabled the Aetna deal by establishing healthcare credibility. The company administered over 59 million COVID-19 vaccines, more than any other pharmacy chain. CVS Caremark's PBM business has faced intense political scrutiny, with lawmakers from both parties questioning whether PBMs actually lower drug costs or just extract middleman profits.

📝 Analyst Take

CVS's vertical integration thesis makes strategic sense on paper, but execution has been messy and the stock has been punished. PBM reform is a real political risk, and the company needs to prove the Aetna deal was worth the debt load.

❓ Frequently Asked Questions