CVS Health
American integrated healthcare company operating CVS Pharmacy, Aetna health insurance, CVS Caremark pharmacy benefits management, and MinuteClinic, publicly traded on the NYSE.
Company Type
public
Founded
1963
Headquarters
Woonsocket, Rhode Island, USA
Stock
NYSE: CVS
About CVS Health
CVS Health is an independent publicly traded company with no parent company. The company trades on the NYSE under CVS and is owned by institutional investors and individual shareholders.
CVS Health operates through three segments: Health Care Benefits (Aetna health insurance), Pharmacy Services (CVS Caremark pharmacy benefits management), and Retail and Long Term Care (CVS Pharmacy stores, MinuteClinic, Oak Street Health, and Omnicare).
CVS Health reported record FY2025 revenue of $402.1 billion, up 7.8% year over year, and adjusted EPS of $6.75, up from $5.42 in the prior year. Q4 2025 revenue was $105.7 billion, up 8.2%, with adjusted EPS of $1.09 beating analyst expectations.
David Joyner serves as CEO of CVS Health, having been appointed in late 2024 to lead a turnaround of the company following significant underperformance in 2024.
CVS Health acquired Aetna in 2018 for approximately $69 billion, transforming CVS from a pharmacy and PBM company into a fully integrated healthcare organization combining retail pharmacy, pharmacy benefits management, and health insurance.
CVS Health operates nearly 10,000 CVS Pharmacy locations across all 50 states in the United States.
History of CVS Health
Brands Owned by CVS Health
View all 7 brandsCVS Health owns 7 brands in our database. Showing featured brands below.
Aetna
Owned by CVS Health
American health insurance company founded in 1853, owned by CVS Health since 2018, providing medical, dental, pharmacy, and Medicare coverage to millions of members across the United States.
Caremark
Owned by CVS Health
American pharmacy benefits management company and one of the largest PBMs in the United States, owned by CVS Health.
CVS Pharmacy
Owned by CVS Health
American pharmacy retail chain and one of the largest pharmacy networks in the United States, owned by CVS Health.
Longs Drugs
Owned by CVS Health
American pharmacy retail chain operating primarily in Hawaii and the western United States, owned by CVS Health.
MinuteClinic
Owned by CVS Health
American retail healthcare clinic chain providing urgent care and preventive health services, owned by CVS Health.
Navarro Discount Pharmacies
Owned by CVS Health
American pharmacy retail chain serving Hispanic and Latino communities, owned by CVS Health.
Shop CVS Health Brands
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Stock Information
CVS Health Ownership: Pros & Cons
Advantages
- +Record FY2025 revenue of $402.1 billion, up 7.8% year over year
- +Q4 2025 adjusted EPS of $1.09 beat analyst expectations of $0.99
- +Turnaround under CEO David Joyner showing measurable progress; stock up approximately 40% over prior year
- +Integrated model combining pharmacy, PBM, and insurance creates coordination advantages
- +Nearly 10,000 CVS Pharmacy locations provide unmatched physical healthcare access
- +Caremark completed cost-based reimbursement transition with strong customer wins in 2025
Considerations
- -2026 guidance includes approximately $20 billion in headwinds from ACA market exit and drug price adjustments
- -Aetna Medicare Advantage business requires continued margin recovery
- -Regulatory scrutiny of pharmacy benefits managers from FTC and Congress
- -High debt load from Aetna, Oak Street Health, and Signify Health acquisitions
- -Competition from UnitedHealth Group's Optum, which has a similar integrated model at larger scale
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