CVS HEALTH Corp (CVS) closed fiscal year 2025 with a gross margin of 13.8 % and a net margin of 0.4 %.
CVS HEALTH Corp (CVS) closed fiscal year 2025 with a gross margin of 13.8 % and a net margin of 0.4 %. The same year shows an EBITDA margin of 2.3 % and an EBIT margin of 1.2 %. The free cash flow margin was 1.9 %. Against the previous year the gross margin moved −0.0 pp and the net margin −0.8 pp. Across the period the gross margin ranges between 13.8 % in 2025 and 21.1 % in 2010. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 21.10 % | 20.91 % | 20.73 % | 21.11 % | 19.20 % | 18.27 % | 18.76 % | 18.20 % | 17.31 % | 16.25 % | 15.45 % | 16.21 % | 17.73 % | 18.25 % | 17.84 % | 16.90 % | 15.21 % | 13.79 % | 13.77 % |
| EBITDA margin (%) | 7.72 % | 8.37 % | 7.96 % | 7.94 % | 7.38 % | 7.28 % | 7.82 % | 7.70 % | 7.55 % | 7.24 % | 6.50 % | 3.46 % | 6.37 % | 6.83 % | 6.09 % | 3.78 % | 5.06 % | 3.52 % | 2.30 % |
| EBIT margin (%) | 6.28 % | 6.91 % | 6.54 % | 6.41 % | 5.91 % | 5.86 % | 6.34 % | 6.31 % | 6.18 % | 5.85 % | 5.16 % | 2.07 % | 4.67 % | 5.18 % | 4.56 % | 2.47 % | 3.84 % | 2.28 % | 1.16 % |
| Net margin (%) | 3.45 % | 3.67 % | 3.76 % | 3.58 % | 3.23 % | 3.14 % | 3.62 % | 3.33 % | 3.42 % | 2.99 % | 3.58 % | -0.31 % | 2.58 % | 2.67 % | 2.74 % | 1.34 % | 2.33 % | 1.24 % | 0.44 % |
| FCF margin (%) | 1.87 % | 2.02 % | 1.51 % | 2.90 % | 3.72 % | 3.77 % | 3.00 % | 4.31 % | 4.03 % | 4.46 % | 3.30 % | 3.51 % | 4.05 % | 5.00 % | 5.39 % | 4.17 % | 2.91 % | 1.70 % | 1.94 % |
