Latest period
$2.94B
YoY change
+1.8%
5Y CAGR
+3.0%
Peak year (2023)
$3.03B
Cumulative CapEx
$57.59B
CapEx history chart for CVS Health (CVS) from 1989 to 2025
Latest: $2.83B
CapEx growth chart for CVS Health (CVS) from 1989 to 2025
Latest: +1.8%
CapEx history table for CVS Health (CVS) from 1989 to 2025
| 2025 | $2.83B | +1.8% | +$51.00M | ||
| 2024 | $2.78B | -8.2% | −$250.00M | ||
| 2023 | $3.03B | +11.1% | +$304.00M | ||
| 2022 | $2.73B | +8.2% | +$207.00M | ||
| 2021 | $2.52B | +3.4% | +$83.00M | ||
| 2020 | $2.44B | -0.8% | −$20.00M | ||
| 2019 | $2.46B | +20.6% | +$420.00M | ||
| 2018 | $2.04B | +6.2% | +$119.00M | ||
| 2017 | $1.92B | -13.8% | −$306.00M | ||
| 2016 | $2.22B | -6.0% | −$143.00M | ||
| 2015 | $2.37B | +10.8% | +$231.00M | ||
| 2014 | $2.14B | +7.7% | +$152.00M | ||
| 2013 | $1.98B | -2.3% | −$46.00M | ||
| 2012 | $2.03B | +8.4% | +$158.00M | ||
| 2011 | $1.87B | -6.6% | −$133.00M | ||
| 2010 | $2.00B | -21.3% | −$543.00M | ||
| 2009 | $2.55B | +16.9% | +$368.00M | ||
| 2008 | $2.18B | +20.8% | +$374.70M | ||
| 2007 | $1.81B | +2.1% | +$36.40M | ||
| 2006 | $1.77B | +18.3% | +$273.50M | ||
| 2005 | $1.50B | +11.0% | +$147.70M | ||
| 2004 | $1.35B | +20.1% | +$226.00M | ||
| 2003 | $1.12B | +1.2% | +$12.90M | ||
| 2002 | $1.11B | +55.4% | +$395.20M | ||
| 2001 | $713.60M | +2.6% | +$18.30M | ||
| 2000 | $695.30M | -3.8% | −$27.40M | ||
| 1999 | $722.70M | +43.9% | +$220.40M | ||
| 1998 | $502.30M | +47.0% | +$160.70M | ||
| 1997 | $341.60M | -51.4% | −$361.20M | ||
| 1996 | $702.80M | +32.9% | +$173.90M | ||
| 1995 | $528.90M | +25.5% | +$107.50M | ||
| 1994 | $421.40M | +9.0% | +$34.70M | ||
| 1993 | $386.70M | +27.1% | +$82.40M | ||
| 1992 | $304.30M | +20.2% | +$51.20M | ||
| 1991 | $253.10M | +9.5% | +$22.00M | ||
| 1990 | $231.10M | +14.1% | +$28.50M | ||
| 1989 | $202.60M | — | — |
- 2025$2.83B+1.8%
- 2024$2.78B-8.2%
- 2023$3.03B+11.1%
- 2022$2.73B+8.2%
- 2021$2.52B+3.4%
- 2020$2.44B-0.8%
- 2019$2.46B+20.6%
- 2018$2.04B+6.2%
- 2017$1.92B-13.8%
- 2016$2.22B-6.0%
- 2015$2.37B+10.8%
- 2014$2.14B+7.7%
- 2013$1.98B-2.3%
- 2012$2.03B+8.4%
- 2011$1.87B-6.6%
- 2010$2.00B-21.3%
- 2009$2.55B+16.9%
- 2008$2.18B+20.8%
- 2007$1.81B+2.1%
- 2006$1.77B+18.3%
- 2005$1.50B+11.0%
- 2004$1.35B+20.1%
- 2003$1.12B+1.2%
- 2002$1.11B+55.4%
- 2001$713.60M+2.6%
- 2000$695.30M-3.8%
- 1999$722.70M+43.9%
- 1998$502.30M+47.0%
- 1997$341.60M-51.4%
- 1996$702.80M+32.9%
- 1995$528.90M+25.5%
- 1994$421.40M+9.0%
- 1993$386.70M+27.1%
- 1992$304.30M+20.2%
- 1991$253.10M+9.5%
- 1990$231.10M+14.1%
- 1989$202.60M—
CapEx values are taken from CVS Health's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at CVS Health (CVS)
According to CVS Health's latest reported financial statements, the company's current CapEx (TTM) is $2.94B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, CVS Health (CVS) CapEx totalled $2.83B – edged up 1.8% year-over-year.
Across 2020–2025 (5 years), CVS Health CapEx produced a CAGR of +3.0% – with mixed annual results across the window.
CVS Health CapEx peaked at $3.03B in 2023; the latest annual figure is $2.83B in 2025 (6.6% below peak).
$3.03B stands as the all-time-high annual CapEx, posted in 2023, against a low of $202.60M during 1989.
CVS Health Capital Expenditures by Year
CVS Health Capital Expenditures 2025: $2.83B
CVS Health posted CapEx of $2.83B in 2025, edged up 1.8% from 2024.
CVS Health Capital Expenditures 2024: $2.78B
In 2024, CVS Health reported CapEx of $2.78B, declined 8.2% below 2023.
CVS Health Capital Expenditures 2023: $3.03B
CVS Health CapEx in 2023 was $3.03B, grew 11.1% from 2022. This figure represents the highest annual value in the available history.
CVS Health Capital Expenditures 2022: $2.73B
2022's CapEx for CVS Health came in at $2.73B, grew 8.2% from 2021.
CVS Health Capital Expenditures 2021: $2.52B
CVS Health CapEx in 2021 was $2.52B.
See more financial history for CVS Health (CVS).
Sector peers by CapEx
Healthcare peers of CVS Health (CVS), ranked by their latest CapEx
| $14.05B | |
| $7.84B | |
| $4.83B | |
| $4.11B | |
| $3.62B | |
| $2.81B | |
| $1.86B | |
| $1.21B |
- $14.05B
- $7.84B
- $4.83B
- $4.11B
- $3.62B
- $2.81B
- $1.86B
- $1.21B
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