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CVS Health Valuation Multiples

Discover revenue and EBITDA valuation multiples for CVS Health and similar public comparables like Oriola, Droga Raia, and Redcare Pharmacy.

CVS Health Overview

About CVS Health

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the us. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.


Founded

1996

HQ

United States of America
Employees

300K+

Website

cvshealth.com

Sectors

Pharmacies

Financials

LTM Revenue $376B

LTM EBITDA $15.0B

EV

$155B

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CVS Health Financials

CVS Health has a last 12-month revenue of $376B and a last 12-month EBITDA of $15.0B.

In the most recent fiscal year, CVS Health achieved revenue of $373B and an EBITDA of $13.7B.

CVS Health expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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CVS Health P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $358B $373B XXX XXX XXX
Gross Profit $54.3B $54.4B XXX XXX XXX
Gross Margin 15% 15% XXX XXX XXX
EBITDA $18.2B $13.7B XXX XXX XXX
EBITDA Margin 5% 4% XXX XXX XXX
Net Profit $4.1B $8.3B XXX XXX XXX
Net Margin 1% 2% XXX XXX XXX
Net Debt $39.3B $53.4B XXX XXX XXX

Financial data powered by Morningstar, Inc.

CVS Health Stock Performance

As of March 17, 2025, CVS Health's stock price is $66.

CVS Health has current market cap of $82.8B, and EV of $155B.

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CVS Health Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$155B $82.8B XXX XXX XXX XXX $5.52

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CVS Health Valuation Multiples

As of March 17, 2025, CVS Health has market cap of $82.8B and EV of $155B.

CVS Health's trades at 0.4x LTM EV/Revenue multiple, and 10.3x LTM EBITDA.

Analysts estimate CVS Health's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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CVS Health Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $155B XXX XXX XXX
EV/Revenue 0.4x XXX XXX XXX
EV/EBITDA 11.3x XXX XXX XXX
P/E 17.9x XXX XXX XXX
P/E/Growth 0.6x XXX XXX XXX
EV/FCF 24.5x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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CVS Health Valuation Multiples

CVS Health's NTM/LTM revenue growth is 4%

CVS Health's revenue per employee for the last fiscal year averaged $1.2M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, CVS Health's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate CVS Health's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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CVS Health Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 4% XXX XXX XXX XXX
EBITDA Margin 4% XXX XXX XXX XXX
EBITDA Growth -25% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 8% XXX XXX XXX XXX
Revenue per Employee $1.2M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 11% XXX XXX XXX XXX

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CVS Health Public Comps

See public comps and valuation multiples for Pharmacies comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
MedPlus India XXX XXX XXX XXX XXX XXX
Pague Menos XXX XXX XXX XXX XXX XXX
Droga Raia XXX XXX XXX XXX XXX XXX
Redcare Pharmacy XXX XXX XXX XXX XXX XXX
Oriola XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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CVS Health M&A and Investment Activity

CVS Health acquired  XXX companies to date.

Last acquisition by CVS Health was  XXXXXXXX, XXXXX XXXXX XXXXXX . CVS Health acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by CVS Health

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About CVS Health

When was CVS Health founded? CVS Health was founded in 1996.
Where is CVS Health headquartered? CVS Health is headquartered in United States of America.
How many employees does CVS Health have? As of today, CVS Health has 300K+ employees.
Who is the CEO of CVS Health? CVS Health's CEO is Mr. J. David Joyner.
Is CVS Health publicy listed? Yes, CVS Health is a public company listed on NYS.
What is the stock symbol of CVS Health? CVS Health trades under CVS ticker.
When did CVS Health go public? CVS Health went public in 1952.
Who are competitors of CVS Health? Similar companies to CVS Health include e.g. MedPlus India, Pague Menos, Droga Raia, Redcare Pharmacy.
What is the current market cap of CVS Health? CVS Health's current market cap is $82.8B
What is the current revenue of CVS Health? CVS Health's last 12-month revenue is $376B.
What is the current EBITDA of CVS Health? CVS Health's last 12-month EBITDA is $15.0B.
What is the current EV/Revenue multiple of CVS Health? Current revenue multiple of CVS Health is 0.4x.
What is the current EV/EBITDA multiple of CVS Health? Current EBITDA multiple of CVS Health is 10.3x.
What is the current revenue growth of CVS Health? CVS Health revenue growth between 2023 and 2024 was 4%.
Is CVS Health profitable? Yes, CVS Health is EBITDA-positive (as of the last 12 months).

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