Free Cash Flow for CVS Health (CVS)
Free Cash Flow for CVS Health (CVS): headline value $7.81B · YoY +23.4%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
CVS
Currently viewingFree Cash FlowSwitch metric
Latest period
$7.81B
YoY change
+23.4%
5Y CAGR
-10.3%
Peak year (2021)
$15.74B
Latest annual
$7.81B
Free Cash Flow history chart for CVS Health (CVS) from 1989 to 2025
Free Cash Flow history table for CVS Health (CVS) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $7.81B | +23.4% | ||
| 2024 | $6.33B | -39.1% | ||
| 2023 | $10.39B | -22.7% | ||
| 2022 | $13.45B | -14.6% | ||
| 2021 | $15.74B | +17.3% | ||
| 2020 | $13.43B | +29.2% | ||
| 2019 | $10.39B | +52.2% | ||
| 2018 | $6.83B | +12.1% | ||
| 2017 | $6.09B | -23.1% | ||
| 2016 | $7.92B | +28.3% | ||
| 2015 | $6.17B | +2.8% | ||
| 2014 | $6.00B | +58.0% | ||
| 2013 | $3.80B | -18.1% | ||
| 2012 | $4.64B | +16.5% | ||
| 2011 | $3.98B | +43.6% | ||
| 2010 | $2.77B | +86.6% | ||
| 2009 | $1.49B | -15.8% | ||
| 2008 | $1.77B | +24.1% | ||
| 2007 | $1.42B | -5475.1% | ||
| 2006 | -$26.50M | -122.7% | ||
| 2005 | $116.70M | -126.9% | ||
| 2004 | -$433.50M | +183.7% | ||
| 2003 | -$152.80M | -259.2% | ||
| 2002 | $96.00M | -390.9% | ||
| 2001 | -$33.00M | -138.9% | ||
| 2000 | $84.90M | +2258.3% | ||
| 1999 | $3.60M | -101.7% | ||
| 1998 | -$209.90M | -53.1% | ||
| 1997 | -$447.40M | +19.1% | ||
| 1996 | -$375.60M | +445.1% | ||
| 1995 | -$68.90M | -189.5% | ||
| 1994 | $77.00M | +133.3% | ||
| 1993 | $33.00M | -89.5% | ||
| 1992 | $315.00M | +118.9% | ||
| 1991 | $143.90M | -56.9% | ||
| 1990 | $334.20M | +15.8% | ||
| 1989 | $288.60M | — |
Free Cash Flow values are taken from CVS Health's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
CVS Health (CVS) most recent annual free cash flow stands at $7.81B (2025) – grew 23.4% year-over-year.
Across 2020–2025 (5 years), CVS Health free cash flow produced a CAGR of -10.3% – with a net decline across the window.
CVS Health free cash flow peaked at $15.74B in 2021; the latest annual figure is $7.81B in 2025 (50.4% below peak).
The highest annual free cash flow of $15.74B was reported in 2021. The lowest in the available history was -$447.40M in 1997.
Among 8 Healthcare peers, CVS Health (CVS) ranks 9th; the peer median for free cash flow is $14.22B.
CVS Health Free Cash Flow by Year
CVS Health Free Cash Flow 2025: $7.81B
CVS Health free cash flow in 2025 was $7.81B, grew 23.4% from 2024.
CVS Health Free Cash Flow 2024: $6.33B
CVS Health free cash flow in 2024 was $6.33B, plunged 39.1% below 2023.
CVS Health Free Cash Flow 2023: $10.39B
CVS Health free cash flow in 2023 was $10.39B, declined 22.7% below 2022.
CVS Health Free Cash Flow 2022: $13.45B
CVS Health free cash flow in 2022 was $13.45B, declined 14.6% below 2021.
CVS Health Free Cash Flow 2021: $15.74B
CVS Health free cash flow in 2021 was $15.74B.
See more financial history for CVS Health (CVS).
Sector peers — Free Cash Flow
Companies in the same sector as CVS Health, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is CVS Health's free cash flow?
Latest reported free cash flow for CVS Health (CVS) is $7.81B (period ending December 31, 2025).
How has CVS Health free cash flow changed year-over-year?
CVS Health (CVS) free cash flow changed +23.4% year-over-year on the latest annual filing.
What is the long-term growth rate of CVS Health free cash flow?
CVS Health (CVS) free cash flow compound annual growth rate is -10.3% over the most recent 5 years available.
When did CVS Health free cash flow hit its highest annual value?
CVS Health free cash flow reached its highest annual value of $15.74B in 2021.
What was CVS Health free cash flow in 2024?
CVS Health (CVS) free cash flow in 2024 was $6.33B.
What was CVS Health free cash flow in 2025?
CVS Health (CVS) free cash flow in 2025 was $7.81B.
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