Ticker League

FCF Margin for CVS Health (CVS)

As of · Reported

Metric

TTM

1.8%

YoY change

+0.24pp

Trough year (1997)

-3.3%

Peak year (2021)

5.4%

FCF Margin history chart for CVS Health (CVS) from 1989 to 2025

Latest: 1.9%

FCF Margin change chart for CVS Health (CVS) from 1989 to 2025

Latest: +0.24pp

FCF Margin history table for CVS Health (CVS) from 1989 to 2025

  • 20251.9%+0.24pp
  • 20241.7%-1.21pp
  • 20232.9%-1.27pp
  • 20224.2%-1.22pp
  • 20215.4%+0.39pp
  • 20205.0%+0.95pp
  • 20194.0%+0.54pp
  • 20183.5%+0.21pp
  • 20173.3%-1.16pp
  • 20164.5%+0.43pp
  • 20154.0%-0.28pp
  • 20144.3%+1.31pp
  • 20133.0%-0.77pp
  • 20123.8%+0.05pp
  • 20113.7%+0.82pp
  • 20102.9%+1.38pp
  • 20091.5%-0.51pp
  • 20082.0%+0.15pp
  • 20071.9%+1.93pp
  • 2006-0.1%-0.38pp
  • 20050.3%+1.73pp
  • 2004-1.4%-0.84pp
  • 2003-0.6%-0.97pp
  • 20020.4%+0.55pp
  • 2001-0.1%-0.57pp
  • 20000.4%+0.40pp
  • 19990.0%+1.39pp
  • 1998-1.4%+1.88pp
  • 1997-3.3%-0.08pp
  • 1996-3.2%-2.47pp
  • 1995-0.7%-1.39pp
  • 19940.7%+0.37pp
  • 19930.3%-2.70pp
  • 19923.0%+1.56pp
  • 19911.5%-2.39pp
  • 19903.8%+0.03pp
  • 19893.8%—

FCF Margin values are taken from CVS Health's reported income 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 FCF Margin at CVS Health (CVS)

According to CVS Health's latest reported financial statements, the company's latest reported free cash flow margin is 1.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, CVS Health (CVS) reported free cash flow margin of 1.94% – expanded 0.2 percentage points year-over-year.

2021 marks the peak free cash flow margin at 5.39%, with the historical low of -3.25% recorded in 1997.

CVS Health FCF Margin by Year

CVS Health FCF Margin 2025: 1.9%

2025's free cash flow margin for CVS Health came in at 1.94%, expanded 0.2 percentage points from 2024.

CVS Health FCF Margin 2024: 1.7%

CVS Health posted free cash flow margin of 1.70% in 2024, contracted 1.2 percentage points from 2023.

CVS Health FCF Margin 2023: 2.9%

In 2023, CVS Health reported free cash flow margin of 2.91%, contracted 1.3 percentage points from 2022.

CVS Health FCF Margin 2022: 4.2%

CVS Health free cash flow margin in 2022 was 4.17%, contracted 1.2 percentage points from 2021.

CVS Health FCF Margin 2021: 5.4%

CVS Health free cash flow margin in 2021 was 5.39%.

See more financial history for CVS Health (CVS).

Sector peers by FCF Margin

Healthcare peers of CVS Health (CVS), ranked by their latest free cash flow margin

Frequently asked questions

CVS Health (CVS) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview