OakChart

CVS Health Corp

CVSHealthcare·Healthcare Plans·USA·Large·NYSE·Nov 11 • 3:59 PM ET

89.46+0.45 (0.51%)
2026-11-11 22:15 CET
Market cap
113,885.62 USD m
Revenue, TTM
420,625.00 USD m
Net income, TTM
11,037.00 USD m
Free cash flow, TTM
15,567.00 USD m
EPS diluted, TTM
8.60
P/E
10.40
Compare

Price

CVS against its 20, 50 and 200-day averages
2050200beat
80.0090.00100.00110.0017.1M34.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CVSclose 89.4620-day 89.8450-day 89.97200-day 89.0289.4652w high

19.2% under the 52-week high of 110.68 on 22 Jul 2026. 52-week low 69.51 on 30 Mar 2026. Last 15 sessions, 22.6% high to low

Volume 1.24× normal · the line is the 50-bar volume average

Profile

CVS
52-week range, 48% of the way up
69.51110.68

CVS Health Corp. is a health solutions company, which engages in the provision of healthcare services. It operates through the following segments: Health Care Benefits, Health Services, Pharmacy and Consumer Wellness, and Corporate and Other. The Health Care Benefits segment operates as a health care benefits provider. The Health Services segment offers a full range of PBM solutions, delivers health care services in its medical clinics, virtually, and in the home. The Pharmacy & Consumer Wellness segment dispenses prescriptions in its retail pharmacies and through its infusion operations. The Corporate and Other Segment is involved in management and administrative expenses. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

IndexS&P 500, RUI
Employees300000
IPOOct 01, 1952
Beta0.58
ATR, 14d3.12
Rel volume1.24
Short float1.40%
Insider own0.10%
Inst own92.19%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap114.46B
Enterprise Value175.06B
Income11.04B
Sales420.62B
Book/sh62.89
Cash/sh11.64
Dividend Est.2.73 (3.05%)
Dividend TTM2.66 (2.97%)
Dividend Ex-DateOct 22, 2026
Dividend Gr. 3/5Y5.74% 5.87%
Payout191.23%
Employees300000
IPOOct 01, 1952

Ratios

P/E10.40
Forward P/E10.33
PEG0.78
P/S0.27
P/B1.42
P/C7.69
P/FCF7.35
EV/EBITDA8.82
EV/Sales0.42
Quick Ratio0.66
Current Ratio0.85
Debt/Eq0.94
LT Debt/Eq0.87
Option/ShortYes / Yes

Earnings

EPS (ttm)8.60
EPS next Y8.66
EPS next Q1.12
EPS this Y21.81%
EPS next Y5.35%
EPS next 5Y13.28%
EPS past 3/5Y-24.70% -23.94%
Sales past 3/5Y7.60% 8.40%
EPS Y/Y TTM2114.64%
Sales Y/Y TTM6.77%
EPS Q/Q153.71%
Sales Q/Q5.36%
EarningsNov 04 BMO
EPS/Sales Surpr.26.59% 3.51%

Ownership

Insider Own0.10%
Insider Trans-72.76%
Inst Own92.19%
Inst Trans1.04%
ROA4.30%
ROE14.39%
ROIC7.34%
Gross Margin14.23%
Oper. Margin3.64%
Profit Margin2.62%
SMA20-0.42%
SMA50-0.56%
SMA2000.50%
Trades-

Technical

Shs Outstand1.28B
Shs Float1.28B
Short Float1.40%
Short Ratio2.02
Short Interest17.88M
52W High110.68 -19.17%
52W Low69.51 28.70%
Volatility5.32% 3.15%
ATR (14)3.12
RSI (14)51.27
Beta0.58
Rel Volume1.24
Avg Volume8.84M
Volume11,000,002

Performance

Perf Week11.88%
Perf Month2.18%
Perf Quarter-5.82%
Perf Half Y-8.82%
Perf YTD12.73%
Perf Year12.01%
Perf 3Y32.18%
Perf 5Y-5.04%
Perf 10Y19.14%
Recom1.47
Target Price109.67
Prev Close89.01
Price89.46
Change %0.51%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Mar 12, 2026UpgradeBBernsteinMkt Perform → Outperform$94+5.1%
Oct 14, 2025InitiatedGGoldmanBuy$91+1.7%
Aug 18, 2025UpgradeUUBSNeutral → Buy$79-11.7%
Aug 14, 2025UpgradeRRobert W. BairdNeutral → Outperform$82-8.3%
Feb 13, 2025UpgradeLLeerink PartnersMarket Perform → Outperform$55 → $75-16.2%
Feb 12, 2025UpgradeCCantor FitzgeraldNeutral → Overweight
Jan 30, 2025UpgradeEEdward JonesHold → Buy
Dec 03, 2024UpgradeDDeutsche BankHold → Buy$66-26.2%
Nov 18, 2024UpgradeWWells FargoEqual Weight → Overweight$60 → $66-26.2%
Oct 10, 2024UpgradeBBarclaysEqual Weight → Overweight$63 → $82-8.3%

Peers

Mkt cap
TickerCompanyMkt cap
CICigna Group79.43B
UNHUnitedhealth Group Inc360.93B
ELVElevance Health Inc92.78B
HUMHumana Inc53.64B
CNCCentene Corp34.87B
MOHMolina Healthcare Inc10.92B
OSCROscar Health Inc9.91B
MCKMckesson Corp124.69B
CORCencora Inc66.78B
HCAHCA Healthcare Inc105.67B

Insider trading

8 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Shah Prem SEVP and Group PresidentNov 06 '26Buy83.8923,8552,001,31588,516Nov 06 04:41 PM
AGUIRRE FERNANDODirectorMay 20 '26Proposed Sale94.692,263214,283May 22 05:35 PM
ROBBINS LARRYDirectorMay 19 '26Sale94.451,983,538187,341,3086,213,261May 21 05:43 PM
ROBBINS LARRYDirectorMay 20 '26Sale93.821,018,00095,510,8225,195,261May 21 05:43 PM
ROBBINS LARRYDirectorMay 21 '26Sale93.45370,46234,619,0074,824,799May 21 05:43 PM
FARAH ROGER NDirectorMay 21 '26Proposed Sale93.682,817263,886May 21 12:57 PM
Mandadi TilakEVP, Chief Exp & Tech OfficerMay 08 '26Sale89.5869,5516,230,37910,133May 11 05:27 PM
TILAK MANDADIOfficerMay 08 '26Proposed Sale89.5869,5516,230,719May 08 04:36 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLVState Street Health Care Select Sector SPDR ETFAUM: 50.35B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
COWZPacer US Cash Cows 100 ETFAUM: 19.59B
VHTVanguard Health Care ETFAUM: 21.51B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-042.0901.6511.680108,399104,72124
2026Q22026-08-052.5801.8542.315106,096100,02824
2026Q12026-05-062.5702.1842.301100,42694,99424
2025Q42026-02-101.0901.0032.305105,693103,69823
2025Q32025-10-291.6001.365-3.132102,87198,81324
2025Q22025-07-311.8101.4580.80498,91594,53323
2025Q12025-05-012.2501.7031.40794,58893,67923
2024Q42025-02-121.1900.9141.30497,71097,09323
2024Q32024-11-061.0901.4360.06995,42892,74621
2024Q22024-08-071.8301.7381.40691,23491,40822
2024Q12024-05-011.3101.6950.87888,43789,32822
2023Q42024-02-072.1201.9911.58293,81390,56422
2023Q32023-11-012.2102.1321.75389,76488,30121
2023Q22023-08-022.2102.1161.47788,92186,40623
2023Q12023-05-032.2002.1031.65585,27880,68922
2022Q42023-02-081.9901.9221.74583,84676,43120

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY7.0807.0345.080256,776253,865
2020FY7.5007.4415.464268,706267,949
2021FY8.4008.2545.952292,111290,586
2022FY8.6908.6303.259322,467315,124
2023FY8.7408.6066.468357,776354,358
2024FY5.4205.1433.656372,809371,871
2025FY6.7506.6681.390402,067400,142
2026FY-8.223--420,777
2027FY-8.662--431,554
2028FY-9.811--451,211
2029FY-10.802--479,012
2030FY-11.593--497,164

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-091940107,300104,888112,187
2026Q4S2026-11-081940107,299104,888112,187
2026Q4S2026-11-061950107,299104,888112,187
2026Q4S2026-11-051950107,290104,888112,187
2026Q4S2026-11-041940107,190104,083112,187
2026Q4S2026-11-031920106,922104,083112,187
2026Q4S2026-10-251920106,893104,083112,187
2026Q4S2026-10-241930106,893104,083112,187
2026Q4S2026-10-201940106,893104,083112,187
2026Q4S2026-10-191950106,893104,083112,187
2026Q4S2026-10-0919123106,893104,083112,187
2026Q4S2026-09-3019123106,919104,083112,187
2026Q4S2026-09-2619113106,789104,083112,187
2026Q4S2026-09-1519123106,789104,083112,187

Estimate history

EPS, annual6.44-0.575.085.4645.9523.2596.4683.6561.3918.6028
Period201720182019202020212022202320242025TTM
EPS, quarterly0.0691.3041.4070.804-3.1322.3052.3012.3151.682
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual184786194578256577268654291935322787358273372692402111420625
Period201720182019202020212022202320242025TTM
Sales, quarterly95409975049460998942102882105678100442106109108396
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1014129513021310132213001288126012711280
Period201720182019202020212022202320242025MRQ
Shares, quarterly125812601262126712701271127312781280
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue420,625.00402,111.00372,692.00358,273.00322,787.00291,935.00268,654.00256,577.00194,578.00
Cost of Goods Sold Incl. D&A360,776.00346,705.00321,408.00303,345.00267,965.00240,063.00219,660.00211,248.00163,041.00
Gross Profit59,849.0055,406.0051,284.0054,928.0054,822.0051,872.0048,994.0045,329.0031,537.00
Selling, General and Administrative Excl. Other44,522.0042,939.0041,363.0039,345.0038,212.0036,934.0035,072.0032,625.0020,747.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income15,327.0012,467.009,921.0015,583.0016,610.0014,938.0013,922.0012,704.0010,790.00
Interest Expense3,031.003,096.002,938.002,639.002,272.002,469.002,872.003,015.002,600.00
Unusual Expense255.007,475.001,031.00994.005,803.002,373.001,772.00790.006,684.00
Net Income Before Taxes12,118.002,136.006,148.0011,173.005,836.0010,420.009,770.008,997.001,406.00
Income Taxes1,072.00408.001,562.002,805.001,509.002,522.002,569.002,366.002,002.00
Consolidated Net Income11,046.001,728.004,586.008,368.004,327.007,898.007,201.006,626.00-599.00
Net Income From Continuing Operations11,037.001,768.004,614.008,344.004,311.007,910.007,188.006,629.00-597.00
Net Income11,037.001,768.004,614.008,344.004,311.007,910.007,179.006,629.00-597.00
EPS (Recurring)8.695.514.237.016.337.206.415.503.91
EPS (Basic, Before Extraordinaries)8.651.403.666.493.296.005.485.10-0.57
EPS (Diluted)8.601.393.666.473.265.955.465.08-0.57
EBITDA19,847.0017,073.0014,518.0019,949.0020,834.0019,450.0018,363.0017,040.0013,490.00
Non-Operating Income (Expense)77.00240.00196.00-777.00-2,699.00324.00492.0098.00-100.00
Other After Tax Adjustments0.000.000.000.000.000.000.00-5.00-3.00
Stock Option Compensation Expense724.79422.65426.60464.52353.13353.32292.00330.69221.20
Price To Earnings Ratio10.3510.3511.4111.9139.5317.3112.5014.61-
Price To Sales Ratio0.260.250.150.280.380.470.330.380.35
Gross Margin14.2313.7813.7615.3316.9817.7718.2417.6716.21
Operating Margin3.643.102.664.355.155.125.184.955.55
Net Margin2.620.441.242.331.342.712.672.58-0.31
Shares Outstanding1,280.001,271.001,260.001,288.001,300.001,322.001,310.001,302.001,295.00
Market Capitalization113,885.62113,885.6256,490.02101,613.62122,448.86136,177.3989,398.5596,648.3284,730.46

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue108,396.00106,109.00100,442.00105,678.00102,882.0098,942.0094,609.0097,504.00
Cost of Goods Sold Incl. D&A93,501.0090,347.0084,802.0092,126.0089,065.0085,322.0080,192.0084,811.00
Gross Profit14,895.0015,762.0015,640.0013,552.0013,817.0013,620.0014,417.0012,693.00
Selling, General and Administrative Excl. Other11,319.0011,036.0010,932.0011,235.0010,858.0010,306.0010,343.0010,481.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income3,576.004,726.004,708.002,317.002,959.003,314.004,074.002,212.00
Interest Expense731.00757.00774.00769.00767.00768.00779.00754.00
Unusual Expense13.0010.0012.00220.006,155.00906.00679.00-441.00
Net Income Before Taxes2,849.003,977.003,938.001,354.00-3,482.001,647.002,617.002,126.00
Income Taxes678.00982.00981.00-1,569.00508.00634.00835.00503.00
Consolidated Net Income2,171.002,995.002,957.002,923.00-3,990.001,013.001,782.001,623.00
Net Income From Continuing Operations2,172.002,979.002,943.002,943.00-3,975.001,021.001,779.001,644.00
Net Income2,172.002,979.002,943.002,943.00-3,975.001,021.001,779.001,644.00
EPS (Recurring)1.692.322.312.430.261.301.781.06
EPS (Basic, Before Extraordinaries)1.692.332.312.32-3.130.811.411.31
EPS (Diluted)1.682.312.302.30-3.130.801.411.30
EBITDA4,708.005,852.005,823.003,464.004,093.004,485.005,228.003,359.00
Non-Operating Income (Expense)17.0018.0016.0026.00481.007.001.00227.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense146.94289.00277.0011.85127.19144.57139.04-
Price To Earnings Ratio10.3545.4351.91207.3721.0316.4818.5311.41
Price To Sales Ratio0.260.320.230.250.240.230.230.15
Gross Margin13.7414.8515.5712.8213.4313.7715.2413.02
Operating Margin3.304.454.692.192.883.354.312.27
Net Margin2.002.812.932.78-3.861.031.881.69
Shares Outstanding1,280.001,278.001,273.001,271.001,270.001,267.001,262.001,260.00
Market Capitalization113,885.62131,994.9691,370.12100,741.9695,619.4087,261.0885,419.2056,490.02

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments10,657.0011,088.0011,545.0015,867.0015,590.0010,854.008,056.006,587.001,821.00
Short Term Receivables39,779.0036,469.0035,227.0027,276.0024,431.0021,742.0019,617.0017,631.0013,181.00
Inventories19,246.0018,107.0018,025.0019,090.0017,760.0018,496.0017,516.0016,450.0015,296.00
Other Current Assets5,032.002,981.003,061.003,400.002,227.005,277.005,113.004,575.00931.00
Total Current Assets74,714.0068,645.0067,858.0065,633.0060,008.0056,369.0050,302.0045,243.0031,229.00
Net Property, Plant & Equipment28,056.0028,937.0030,435.0030,745.0032,018.0033,335.0032,904.0011,349.0010,292.00
Total Investments and Advances32,869.0029,137.0023,258.0021,312.0023,243.0021,088.0017,585.0015,962.00302.00
Intangible Assets110,986.00118,595.00120,506.00102,953.00108,147.00110,694.00112,870.00115,202.0052,081.00
Deferred Tax Assets7,526.007,607.008,002.007,854.007,497.007,774.001,845.001,754.00930.00
Other Assets6,913.007,901.007,671.007,632.009,583.009,229.008,788.008,700.001,227.00
Total Assets261,064.00260,822.00257,730.00236,129.00240,496.00238,489.00224,294.00198,210.0096,061.00
Short Term Debt Incl. Current Port. of LT Debt5,805.007,494.004,713.003,456.005,851.007,078.005,377.001,985.004,821.00
Accounts Payable59,384.0055,122.0049,820.0044,403.0038,682.0034,869.0030,972.0026,437.0019,223.00
Other Current Liabilities23,503.0021,993.0024,656.0021,562.0023,274.0020,070.0016,954.0015,587.006,604.00
Total Current Liabilities88,692.0084,609.0079,189.0069,421.0067,807.0062,017.0053,303.0044,009.0030,648.00
Long Term Debt74,145.0075,426.0074,672.0067,276.0070,148.0077,964.0083,625.0071,444.0022,181.00
Provision for Risks Charges165.00169.00189.00197.00250.00285.00313.00300.00110.00
Deferred Tax Liabilities11,358.0011,413.0012,313.0011,870.0013,767.0014,568.009,139.009,431.003,926.00
Other Liabilities11,322.0013,475.0014,731.0015,596.0013,143.0013,954.0013,744.0014,483.001,501.00
Total Liabilities185,682.00185,092.00181,094.00164,360.00165,115.00168,788.00160,124.00139,667.0058,366.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity75,214.0075,560.0076,461.0071,469.0075,075.0069,389.0063,864.0058,225.0037,691.00
Total Shareholders Equity75,214.0075,560.0076,461.0071,469.0075,075.0069,389.0063,864.0058,225.0037,691.00
Accumulated Minority Interest168.00170.00175.00300.00306.00312.00306.00318.004.00
Total Equity75,382.0075,730.0076,636.0071,769.0075,381.0069,701.0064,170.0058,543.0037,695.00
Total Liabilities & Stockholders Equity261,064.00260,822.00257,730.00236,129.00240,496.00238,489.00224,294.00198,210.0096,061.00
Book Value Per Share59.1859.9759.3654.9856.7952.9749.0544.9637.17
Tangible Book Value Per Share-28.14-34.15-34.20-24.22-25.02-31.53-37.64-44.00-14.19
Full-Time Employees300,000300,000300,000300,000300,000300,000290,000295,000246,000
Price to Book Ratio1.420.751.371.731.821.291.511.462.11
Return on Assets0.681.783.381.813.303.113.14-0.416.93
Return on Equity2.356.0711.325.8810.9510.7910.86-1.2417.73
Return on Invested Capital1.183.065.523.115.454.874.49-0.4611.02
Quick Ratio0.630.600.630.670.620.610.620.650.52
Current Ratio0.840.810.860.950.880.910.941.031.02

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income11,046.001,728.004,586.008,368.004,327.007,898.007,192.006,631.00-596.00
Depreciation4,520.004,606.004,597.004,366.004,224.004,512.004,441.004,371.002,718.00
Other Funds (Non Cash)409.005,677.00387.001,353.002,837.002,335.001,643.001,001.006,768.00
Funds from Operations16,173.0012,113.008,998.0013,411.009,359.0014,317.0012,706.0011,349.008,977.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital2,535.00-1,474.00109.0015.006,818.003,948.003,159.001,499.00-112.00
Cash from Operating Activities18,708.0010,639.009,107.0013,426.0016,177.0018,265.0015,865.0012,848.008,865.00
Capital Expenditures-3,141.00-2,832.00-2,781.00-3,031.00-2,727.00-2,520.00-2,437.00-2,457.00-2,037.00
Net Assets From Acquisitions-22.00-436.00-95.00-16,612.00-1,388.00-146.00-866.00-444.00-42,226.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00941.005.00832.00
Purchase or Sale of Investments-4,434.00-2,629.00-4,838.00-1,314.00-1,017.00-2,717.00-3,172.00-485.00125.00
Purchase of Investments-17,559.00-15,012.00-15,191.00-9,043.00-7,746.00-9,963.00-9,639.00-7,534.00-692.00
Sale Or Maturity of Investments13,125.0012,383.0010,353.007,729.006,729.007,246.006,467.007,049.00817.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources54.0026.00101.0068.0085.00122.000.0042.0021.00
Cash from Investing Activities-7,543.00-5,871.00-7,613.00-20,889.00-5,047.00-5,261.00-5,534.00-3,339.00-43,285.00
Cash Dividends Paid-3,423.00-3,397.00-3,373.00-3,132.00-2,907.00-2,625.00-2,624.00-2,603.00-2,038.00
Change in Capital Stock425.00394.00-2,662.00-1,735.00-2,949.00549.00264.00210.00242.00
Repurchase of Common Pref Stock0.000.00-3,023.00-2,012.00-3,500.000.000.000.000.00
Sale of Common Pref Stock425.00394.00361.00277.00551.00549.00264.00210.00242.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-5,324.00-1,779.005,059.007,932.00-4,211.00-9,267.00-5,673.00-5,320.0038,265.00
Change in Long Term Debt-4,077.00340.003,140.007,732.00-4,211.00-9,267.00-5,673.00-4,600.0038,821.00
Issuance of Long Term Debt0.003,969.007,913.0010,898.000.00987.009,958.003,736.0044,343.00
Reduction of Long Term Debt-4,077.00-3,629.00-4,773.00-3,166.00-4,211.00-10,254.00-15,631.00-8,336.00-5,522.00
Net Financing Active Other Cash Flow-247.00-158.00-159.00-382.00-449.00-13.00-122.00-137.00350.00
Other Financing Activities Uses-247.00-158.00-185.00-382.00-449.00-168.00-122.00-137.00-97.00
Cash from Financing Activities-8,569.00-4,940.00-1,135.002,683.00-10,516.00-11,356.00-8,155.00-7,850.0036,819.00
Exchange Rate Effect------0.000.00-4.00
Net Change in Cash2,596.00-172.00359.00-4,780.00614.001,648.002,176.001,659.002,395.00
Free Cash Flow15,567.007,807.006,326.0010,395.0013,450.0015,745.0013,428.0010,391.006,828.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow9.1122.8719.1814.0211.6910.458.3112.4514.28
Deferred Taxes & Investment Tax Credit-102.00-572.00-676.00-2,029.00-428.00-570.00-654.0087.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments14,887.0013,958.0011,816.0010,657.0011,289.0014,216.00
Short Term Receivables42,073.0040,309.0040,992.0039,779.0043,857.0040,651.00
Inventories18,240.0017,622.0017,770.0019,246.0018,962.0017,447.00
Other Current Assets4,192.003,457.004,239.005,032.003,001.003,335.00
Total Current Assets79,392.0075,346.0074,817.0074,714.0077,109.0075,649.00
Net Property, Plant & Equipment27,548.0027,619.0027,778.0028,056.0028,109.0028,337.00
Total Investments and Advances34,276.0033,455.0032,620.0032,869.0031,750.0030,053.00
Intangible Assets109,702.00110,122.00110,548.00110,986.00111,462.00117,427.00
Deferred Tax Assets---7,526.00--
Other Assets7,157.007,226.007,211.006,913.006,897.006,877.00
Total Assets258,075.00253,768.00252,974.00261,064.00255,327.00258,343.00
Short Term Debt Incl. Current Port. of LT Debt5,377.003,872.004,484.005,805.007,237.0011,106.00
Accounts Payable61,029.0059,683.0058,589.0059,384.0060,947.0058,867.00
Other Current Liabilities26,691.0023,486.0023,333.0023,503.0024,511.0024,189.00
Total Current Liabilities93,097.0087,041.0086,406.0088,692.0092,695.0094,162.00
Long Term Debt69,920.0072,434.0073,861.0074,145.0074,515.0071,618.00
Provision for Risks Charges0.000.000.00165.000.000.00
Deferred Tax Liabilities3,866.003,766.003,771.0011,358.003,547.003,603.00
Other Liabilities10,503.0010,628.0011,299.0011,322.0011,460.0011,409.00
Total Liabilities177,386.00173,869.00175,337.00185,682.00182,217.00180,792.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity80,497.0079,702.0077,456.0075,214.0072,928.0077,379.00
Total Shareholders Equity80,497.0079,702.0077,456.0075,214.0072,928.0077,379.00
Accumulated Minority Interest192.00197.00181.00168.00182.00172.00
Total Equity80,689.0079,899.0077,637.0075,382.0073,110.0077,551.00
Total Liabilities & Stockholders Equity258,075.00253,768.00252,974.00261,064.00255,327.00258,343.00
Book Value Per Share62.8962.3660.8559.1857.4261.07
Tangible Book Value Per Share-22.82-23.80-26.00-28.14-30.34-31.61
Full-Time Employees---300,000--
Price to Book Ratio1.421.701.211.381.231.13
Return on Assets4.301.911.150.680.181.77
Return on Equity14.396.233.802.350.635.95
Return on Invested Capital1.441.961.941.97-2.700.69
Quick Ratio0.660.660.660.630.630.62
Current Ratio0.850.870.870.840.830.80

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income2,171.002,995.002,957.002,923.00-3,990.001,013.00
Depreciation1,132.001,126.001,115.001,147.001,134.001,171.00
Other Funds (Non Cash)168.00176.00266.00-201.005,380.00136.00
Funds from Operations3,368.004,147.004,247.004,411.002,367.002,206.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital1,356.002,198.002.00-1,021.00-1,571.00-309.00
Cash from Operating Activities4,724.006,345.004,249.003,390.00796.001,897.00
Capital Expenditures-817.00-691.00-849.00-784.00-698.00-607.00
Net Assets From Acquisitions-6.00-4.00-5.00-7.00-290.00-119.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-1,989.00-1,194.00-27.00-1,224.00-1,085.00-302.00
Purchase of Investments-4,888.00-4,518.00-4,186.00-3,967.00-3,859.00-3,634.00
Sale Or Maturity of Investments2,899.003,324.004,159.002,743.002,774.003,332.00
Other Uses0.000.000.000.000.000.00
Other Sources25.005.007.0017.00-14.004.00
Cash from Investing Activities-2,787.00-1,884.00-874.00-1,998.00-2,087.00-1,024.00
Cash Dividends Paid-853.00-878.00-847.00-845.00-846.00-866.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock122.00114.00103.0086.00117.0047.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock122.00114.00103.0086.00117.0047.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-770.00-1,769.00-1,518.00-1,267.00-671.001,761.00
Change in Long Term Debt-770.00-1,769.00-1,518.00-20.001,122.00-19.00
Issuance of Long Term Debt0.000.000.000.003,969.000.00
Reduction of Long Term Debt-770.00-1,769.00-1,518.00-20.00-2,847.00-19.00
Net Financing Active Other Cash Flow-25.00-160.00-56.00-6.0018.00-136.00
Other Financing Activities Uses-25.00-160.00-56.00-6.0018.00-136.00
Cash from Financing Activities-1,526.00-2,693.00-2,318.00-2,032.00-1,382.00806.00
Net Change in Cash411.001,768.001,057.00-640.00-2,673.001,679.00
Free Cash Flow3,907.005,654.003,400.002,606.0098.001,290.00
Price to Free Cash Flow9.1115.9623.0222.9832.9662.62

Revenue breakdown

Consolidation, Policy2024: 2.15B 2025: 2.23B
Front Store2024: 21.52B 2025: 21.46B
Pharmacy2024: 210.27B 2025: 229.03B
Premiums2024: 122.90B 2025: 134.75B
Product and Service, Other2024: 15.97B 2025: 14.60B
United States2024: 372.81B 2025: 402.07B
Consolidation, Policy2024: 2.15B 2025: 2.23B
Corporate And Other2024: 56.00M 2025: 53.00M
Health Care Benefits2024: 129.12B 2025: 141.45B
Health Services2024: 158.02B 2025: 164.60B
Pharmacy And Consumer Health2024: 83.46B 2025: 93.72B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.40%17.9M1278.2M7.95M
2026-10-151.27%16.2M1277.7M8.18M
2026-09-301.29%16.5M1277.6M7.66M
2026-09-151.26%16.1M1277.7M7.41M
2026-08-311.42%18.1M1276.9M7.97M
2026-08-141.32%16.8M1276.9M8.17M
2026-07-311.46%18.7M1276.9M8.27M
2026-07-151.53%19.5M1273.9M8.29M
2026-06-301.57%19.9M1273.9M8.30M
2026-06-151.82%23.2M1273.4M8.20M
2026-05-291.39%17.8M1273.9M8.02M
2026-05-151.53%19.5M1273.9M8.07M
2026-04-301.40%17.8M1274.0M7.96M
2026-04-151.44%18.4M1270.3M8.83M
2026-03-311.57%19.9M1270.4M8.88M
2026-03-131.40%17.8M1270.4M8.30M
2026-02-271.38%17.6M1270.4M8.50M
2026-02-131.30%16.5M1270.4M8.36M
2026-01-301.61%20.4M1267.6M7.98M
2026-01-151.48%18.8M1267.6M7.20M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call45.0042.9545.7543.327.3937.002.000.998-0.0270.000
call50.0037.9040.6538.325.5434.002.000.998-0.0270.000
call55.0032.3535.9533.204.91321.0037.000.998-0.0270.000
call60.0028.0530.7528.224.97317.0043.000.997-0.0270.000
call65.0022.6526.3023.134.24910.006.000.997-0.0260.001
call69.0018.8021.9519.473.30816.004.000.996-0.0260.001
call70.0017.9020.8018.553.25415.006.000.996-0.0260.001
call71.0017.0519.5517.022.5554.0083.000.996-0.0260.001
call72.0016.1518.6016.772.43755.001290.996-0.0260.001
call73.0015.0017.7515.872.66155.0046.000.995-0.0260.001
call74.0014.1016.6514.072.6091.004.000.995-0.0250.001
call75.0012.6515.7513.252.4436.0014.000.995-0.0250.001
call76.0012.1015.2512.272.6781.0016.000.995-0.0250.001
call77.0010.4013.4011.302.0472.006.000.994-0.0250.001
call78.0010.5512.6010.632.06037.006.000.994-0.0250.001
call79.008.6512.159.652.2621611090.993-0.0240.001
call80.008.3510.108.671.4704901070.993-0.0240.001
call81.007.509.508.101.61618420.000.983-0.0500.003
call82.006.407.807.501.01423511.000.973-0.0700.004
call83.005.407.005.621.05775120.000.961-0.0910.005
call84.004.607.004.761.4831,18212.000.895-0.2300.012
call85.003.704.804.151.1951,32740.000.874-0.2320.013
call86.002.604.203.300.8111,41618.000.846-0.2300.015
call87.002.372.762.240.4501,56739.000.752-0.3270.020
call88.001.431.891.480.3803041490.682-0.3170.023
call89.000.991.171.100.3482742440.572-0.3030.025
call90.000.390.650.560.3521,0016470.426-0.2860.025
call91.000.220.370.310.37128430.000.364-0.4230.024
call92.000.120.210.120.39342814.000.267-0.3500.021
call93.000.040.340.100.49010125.000.218-0.3470.019
call94.000.000.230.010.56349.000.000.185-0.3480.017
call95.000.000.040.020.46319134.000.101-0.2010.011
call96.000.000.010.050.59536.000.000.036-0.0800.005
call97.000.000.010.020.64250.000.000.025-0.0610.004
call98.000.000.120.020.5634155.000.008-0.0220.001
call99.000.002.130.050.59026.001.000.008-0.0230.001
call1000.000.010.010.6581230.000.007-0.0220.001
call1010.000.010.030.74566.000.000.006-0.0220.001
call1020.000.010.010.78522.000.000.006-0.0220.001
call1030.000.010.580.8302.000.000.006-0.0220.001
call1040.000.010.060.87420.000.000.006-0.0220.001
call1050.000.020.190.88857.000.000.005-0.0220.001
call1060.000.010.160.96230.000.000.005-0.0230.001
call1070.000.010.071.00310.000.000.005-0.0230.001
call1080.000.010.031.04918.000.000.005-0.0230.001
call1090.000.010.081.09016.000.000.005-0.0230.001
call1100.000.010.070.91322.000.000.005-0.0170.001
call1110.002.130.001.1604.000.000.004-0.0250.001
call1120.002.132.171.2002.000.000.004-0.0250.001
call1150.002.130.001.3050.000.000.004-0.0250.001
call1200.002.130.001.5160.000.000.003-0.0250.001
call1250.002.130.001.6910.000.000.003-0.0260.001
call1300.002.130.001.8580.000.000.003-0.0260.001
call1350.002.130.012.0171.000.000.003-0.0270.001
put45.000.000.010.003.1360.000.00-0.002-0.0250.000
put50.000.000.050.002.3420.000.00-0.002-0.0190.000
put55.000.000.010.031.9801910.00-0.002-0.0180.001
put60.000.002.120.002.0580.000.00-0.002-0.0270.000
put65.000.002.120.101.6776.000.00-0.003-0.0270.001
put69.000.002.120.001.3890.000.00-0.004-0.0260.001
put70.000.002.120.031.31925.000.00-0.004-0.0260.001
put71.000.002.120.081.24925.000.00-0.004-0.0250.001
put72.000.002.130.031.10216.000.00-0.004-0.0230.001
put73.000.000.050.030.8815.000.00-0.005-0.0160.001
put74.000.000.010.010.928867542-0.005-0.0220.001
put75.000.000.250.100.9052150.00-0.005-0.0230.001
put76.000.000.010.011.0332320.00-0.026-0.1000.004
put77.000.000.010.010.77443.001.00-0.006-0.0220.001
put78.000.000.650.020.7811960.00-0.006-0.0230.001
put79.000.000.350.040.6962510.00-0.007-0.0230.001
put80.000.000.010.010.6242648.00-0.008-0.0220.001
put81.000.000.020.020.60643815.00-0.027-0.0670.004
put82.000.000.920.020.6092216.00-0.027-0.0680.004
put83.000.010.030.020.53636526.00-0.037-0.0820.005
put84.000.000.070.250.541724781-0.073-0.1470.009
put85.000.040.070.080.459809333-0.126-0.2300.013
put86.000.050.140.240.4461,22212.00-0.154-0.2280.015
put87.000.000.740.210.67952126.00-0.248-0.3250.020
put88.000.100.900.380.60696.0042.00-0.318-0.3150.023
put89.000.511.120.760.53143.003.00-0.428-0.3000.025
put90.000.691.552.020.49885.006.00-0.573-0.2840.025
put91.001.313.502.731.04415.000.00-0.635-0.4200.024
put92.002.314.054.851.00911.000.00-0.732-0.3470.021
put93.002.855.0012.571.1230.000.00-0.782-0.3440.019
put94.003.606.2010.491.3390.000.00-0.811-0.3560.017
put95.004.607.2015.061.4620.000.00-0.898-0.1970.011
put96.005.608.406.841.6720.000.00-0.950-0.1040.007
put97.006.609.4016.851.7870.000.00-0.973-0.0610.004
put98.007.3510.408.251.8970.000.00-0.987-0.0290.002
put99.009.3011.2019.211.9060.000.00-0.992-0.0190.001
put1009.5011.9511.971.8781.000.00-0.992-0.0200.001
put10111.3013.4012.972.2097.000.00-0.993-0.0200.001
put10212.1513.9514.082.0678.000.00-0.993-0.0200.001
put10313.3014.9515.002.1596.0010.00-0.994-0.0200.001
put10414.3016.2015.802.3888.004.00-0.994-0.0200.001
put10514.9517.2016.792.4769.0018.00-0.994-0.0210.001
put10615.5018.4017.922.6753.000.00-0.994-0.0210.001
put10716.6518.9518.972.50210.0010.00-0.995-0.0210.001
put10818.2519.9519.982.5846.0010.00-0.995-0.0210.001
put10919.0020.9521.202.6634.004.00-0.995-0.0210.001
put11020.2022.2021.532.8956.008.00-0.995-0.0210.001
put11120.4023.2022.452.9743.008.00-0.995-0.0210.001
put11222.2024.6524.143.31419.0058.00-0.995-0.0210.001
put11524.7027.0027.263.14724.0090.00-0.996-0.0210.001
put12030.1032.6532.243.9102.0034.00-0.996-0.0220.001
put12535.2537.2037.223.9513.0018.00-0.997-0.0220.001
put13040.2541.9542.204.0713.00378-0.997-0.0220.001
put13545.3047.6547.314.8570.00360-0.997-0.0220.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-064Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-0513F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-09-30SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-11-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-08-178-KCurrent report2026-08-13SEC
2026-08-13SCHEDULE 13G/ASEC
2026-08-0613F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-08-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-06-294Statement of changes in beneficial ownership of securities2026-06-26SEC
2026-06-2311-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-014Statement of changes in beneficial ownership of securities2026-05-31SEC
2026-06-014Statement of changes in beneficial ownership of securities2026-05-31SEC
2026-05-22144Filing for proposed sale of securities under Rule 144.SEC
2026-05-22S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-05-22S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-05-224Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-21144Filing for proposed sale of securities under Rule 144.SEC
2026-05-214Statement of changes in beneficial ownership of securities2026-05-19SEC
2026-05-188-KCurrent report2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-14SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-112.00M100
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-0500323.70M4
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.9.66%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
Capital World Investors5.87%
STATE STREET CORP4.72%
DODGE & COX3.92%
WELLINGTON MANAGEMENT GROUP LLP2.65%
GEODE CAPITAL MANAGEMENT, LLC2.42%
VANGUARD PORTFOLIO MANAGEMENT LLC2.09%
FMR LLC1.95%
Capital Research Global Investors1.91%

Funds

Fund% owned
Dodge & Cox Income Fund9.34%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND6.30%
iShares iBoxx $ Investment Grade Corporate Bond ETF5.09%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND3.80%
Baird Core Plus Bond Fund3.53%
Baird Aggregate Bond Fund3.46%
Capital Group Core Bond ETF3.29%
VANGUARD ULTRA-SHORT-TERM BOND FUND3.25%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
Invesco BulletShares 2028 Corporate Bond ETF3.17%

OakChart. CVS. Cached 15 minutes.