CVS outpaced analyst expectations for 2021 under the leadership of Karen Lynch, who came aboard as CEO in February. The company reported $292 billion in revenue for the fiscal year ended December 2021—an 8.7% increase year over year. In a quest to revolutionize America’s access to health care, Lynch initiated a plan to transform hundreds of CVS stores into super-clinics that provide primary care—creating what will become the nation’s biggest network of urgent care and primary care outlets. CVS also played a major role in fighting COVID-19, administering over 50 million vaccines and 29 million tests through December 2021. In the fight to retain talent, CVS announced a minimum wage increase to $15 an hour, effective July 2022.
A worker wearing a protective mask waits to check in people with appointment to receive the Moderna Covid-19 vaccine at a CVS Pharmacy.
Gabriela Bhaskar—Bloomberg/Getty Images

Company Information

As of 10/10/2022
Country
U.S.
Headquarters
Woonsocket, R.I.
Industry
Health Care: Pharmacy and Other Services
CEO
Karen Lynch
Company Type
Public
Ticker
CVS
Revenues ($M)
$292,111
Profits ($M)
$7,910
Market Value ($M)
$125,204
Employees
258,000
Market value as of Sept. 30, 2022.

Key Financials (Last Fiscal Year)
As of 8/3/2022

($ Millions)
% change
Revenues ($M)
$292,111
8.7%
Profits ($M)
$7,910
10.2%
Assets ($M)
$232,999
-
Total Stockholder Equity ($M)
$75,075
-

Profit Ratios
As of 8/3/2022

Profit as % of Revenues
2.7%
Profits as % of Assets
3.4%
Profits as % of Stockholder Equity
10.5%

CVS Health Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$268,7064.6%$7,1798.2%$230,715$69,389
2020$256,77632%$6,634$222,449$63,864
2019$194,5795.3%$-594-109%$196,456$58,225
2018$184,7654.1%$6,62224.5%$95,131$37,691
2017$177,52615.8%$5,3171.5%$94,462$36,830
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