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  • Previous Rank18
  • Revenues ($M)$177,526
  • Revenue Percent Change15.8%
  • Profits ($M)$5,317
  • Profits Percent Change1.5%
  • Assets ($M)$94,462
  • Employees204,000

CVS Health continued its multi-year transformation from pharmacy company to health care company as the “retailization” of health trend continues in the United States. (CVS sees itself as the last mile in the delivery of care.) The company spent the year integrating its 2015 acquisition of Omnivore and the pharmacies and clinics of Target and focused on managing rising drug costs. Still, ongoing uncertainty around health care reform in the U.S. is weighing on the company, and CVS Health expects to close stores as it rationalizes its now-larger footprint. CVS Health was founded in 1963 and is headquartered in Woonsocket, R.I.

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Company Information

Larry J. Merlo
Health Care
Health Care: Pharmacy and Other Services
HQ Location
Woonsocket, RI
Years on Global 500 List22

CVS Health Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$177,52615.8%
Profits ($M)$5,3171.5%
Assets ($M)$94,462-
Total Stockholder Equity ($M)$36,830-

Profit Ratios

Profit as % of Revenues3%
Profits as % of Assets5.6%
Profits as % of Stockholder Equity14.4%