CVS Health (CVS) Financial Ratios: P/E, ROE & More

CVS Health (CVS) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), CVS Health had a P/E ratio of 56.98 (up from 12.24), return on equity of 2.3% (down from 6.0%), debt-to-equity of 1.06 (down from 1.09) and a current ratio of 0.84 (up from 0.81). A current ratio of 0.84 means current liabilities exceed current assets. Its dividend yield was 3.36% with a payout ratio of 192.1%.

CVS Health Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	56.98	12.24	12.18	28.40	17.03	12.45
Forward P/E	11.54	7.77	9.38	10.66	12.88	9.94
P/S Ratio	0.25	0.15	0.28	0.38	0.47	0.33
P/B Ratio	1.34	0.75	1.33	1.71	1.81	1.28
Price/FCF	12.90	8.93	9.78	9.10	8.65	6.66
Price/OCF	9.47	6.20	7.57	7.57	7.46	5.63
PEG Ratio	0.76	0.61	1.92	2.05	2.15	2.11
Enterprise Value Ratios
EV/Revenue	0.43	0.35	0.47	0.54	0.70	0.61
EV/EBITDA	11.72	10.28	8.99	8.71	10.86	9.11
EV/EBIT	17.11	16.17	11.77	11.04	14.30	12.07
EV/FCF	21.96	20.50	15.94	12.93	12.86	12.28
Profitability & Returns
Return on Equity (ROE)	2.29%	6.02%	11.28%	5.88%	11.01%	10.76%
Return on Assets (ROA)	2.47%	1.99%	3.68%	4.27%	3.82%	3.77%
Return on Invested Capital (ROIC)	5.54%	4.09%	7.77%	8.79%	7.59%	6.97%
Return on Capital Employed (ROCE)	6.10%	4.80%	8.30%	9.90%	8.60%	8.10%
Leverage & Solvency Ratios
Debt/Equity	1.06	1.09	1.04	0.99	1.01	1.22
Debt/EBITDA	4.53	5.30	3.68	3.06	3.48	3.99
Debt/FCF	10.24	13.11	7.64	5.26	4.83	6.33
Liquidity Ratios
Current Ratio	0.84	0.81	0.86	0.94	0.89	0.91
Quick Ratio	0.57	0.56	0.59	0.62	0.55	0.53
Efficiency Ratios
Asset Turnover	1.58	1.47	1.49	1.40	1.25	1.18
Inventory Turnover	18.56	17.79	16.35	14.54	13.24	12.20
Yield & Distribution Ratios
Earnings Yield	1.76%	8.17%	8.21%	3.52%	5.87%	8.03%
FCF Yield	7.75%	11.20%	10.23%	10.98%	11.55%	15.02%
Dividend Yield	3.36%	5.93%	3.07%	2.34%	1.94%	3.47%
Payout Ratio	192.14%	73.10%	37.54%	67.43%	32.81%	36.55%
Buyback Yield	-0.71%	2.17%	2.49%	0.45%	-1.14%	-0.69%
Total Return	2.64%	8.10%	5.56%	2.79%	0.80%	2.78%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CVS Health Financial Ratios

What is CVS Health's P/E ratio?

CVS Health's P/E ratio was 56.98 for fiscal 2025 (period ended Dec 31, 2025). It was 12.24 a year earlier.

What is CVS Health's return on equity?

CVS Health's return on equity (ROE) was 2.3% for fiscal 2025 (period ended Dec 31, 2025). It was 6.0% a year earlier.

What is CVS Health's debt-to-equity ratio?

CVS Health's debt-to-equity ratio was 1.06 for fiscal 2025 (period ended Dec 31, 2025). It was 1.09 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition