The health retail, pharmacy, and insurance conglomerate led by Karen Lynch is one of the nation’s two biggest health care companies. It’s also the biggest company ever to be led by a female CEO.
- CVS exceeded Wall Street’s revenue expectations in 2022 with $322 billion, but profits fell nearly 50% compared to 2021.
- The company made progress in expanding into the primary care space with two big acquisitions: primary care network Oak Street Health, purchased for approximately $10.6 billion; and health services company Signify Health, for approximately $8 billion. The deals were completed earlier than expected, prompting the company to pull back on earnings expectations for 2023.
- CVS joined other health care companies in settling lawsuits that claimed they should have known they were filling too many opioid prescriptions. Under a settlement announced in December, CVS will pay state and local governments up to $4.9 billion over 10 years. (The company did not admit wrongdoing.)
Nora Savosnick—Bloomberg/Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Woonsocket, R.I.
Industry
Health Care: Pharmacy and Other Services
CEO
Karen S. Lynch
Website
Company Type
Public
Ticker
CVS
Revenues ($M)
$322,467
Profits ($M)
$4,149
Market Value ($M)
$95,422
Employees
259,500
Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$322,467
10.4%
Profits ($M)
$4,149
-47.5%
Assets ($M)
$228,275
-
Total Stockholder Equity ($M)
$71,015
-
Profit Ratios
Profit as % of Revenues
1.3%
Profits as % of Assets
1.8%
Profits as % of Stockholder Equity
5.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
3.14
EPS % Change (from 2021)
-47.2%
EPS % Change (5 year annual rate)
-13.4%
EPS % Change (10 year annual rate)
0.4%
Total Return
Total Return to Investors (2022)
-7.6%
Total Return to Investors (5 year, annualized)
8.2%
Total Return to Investors (10 year, annualized)
9.3%
CVS Health Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2022 | $292,1118.7% | $7,91010.2% | $232,999 | $75,075 |
| 2021 | $268,7064.6% | $7,1798.2% | $230,715 | $69,389 |
| 2020 | $256,77632% | $6,634 | $222,449 | $63,864 |
| 2019 | $194,5795.3% | $-594-109.0% | $196,456 | $58,225 |
| 2018 | $60,535-4.1% | $1,904-16.2% | $55,151 | $15,580 |
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Lists ranking CVS Health
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World's Most Admired Companies - 2023The 25th Fortune World’s Most Admired Companies li...view in list
Latest news for CVS Health
- We are facing ‘a tsunami of people coming into Medicare’: Here’s what that means for America;1:19Fortune Well, Aging well;
- How health care came to dominate the Fortune 500;5:00Digital Features;
- Brainstorm Health 2023 - The Future Of Integrated Care ;19:21Conferences, Brainstorm Health;
- Leadership Next: CVS Health CEO, Karen Lynch;2:07Digital Features;
