Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

CVS Health Corp., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Pharmacy
Front Store
Premiums
Other
Revenues from customers

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


The annual revenue data reveals several key trends across various revenue streams over the five-year period ending on December 31, 2024.

Pharmacy Revenue
Pharmacy revenues demonstrate a generally upward trend from 2020 through 2023, increasing from approximately $171.3 billion to $223.5 billion. However, in 2024, a decline is observed as revenues fall to about $210.3 billion. Despite this dip, the overall growth compared to 2020 remains significant.
Front Store Revenue
Front Store revenues show consistent growth from 2020 to 2022, rising from $19.7 billion to $22.8 billion. A slight decrease occurs in 2023 and continues into 2024, where revenues decrease to approximately $21.5 billion. The fluctuations in Front Store revenue are less pronounced compared to Pharmacy revenue.
Premiums
Premium revenues exhibit robust and steady growth throughout the entire period. Starting at $69.4 billion in 2020, premiums increase annually, reaching $122.9 billion in 2024. This category represents one of the strongest upward trends, suggesting expanding business or increased pricing in this area.
Other Revenues
Other revenue sources fluctuate but display an overall upward trajectory. From $7.6 billion in 2020, the amount increases to $16.0 billion in 2024, including a notable jump between 2022 and 2024. This indicates diversifying income streams or growth in ancillary services.
Total Revenues from Customers
Total customer revenues consistently increase over the period, from approximately $268 billion in 2020 to $371 billion in 2024. The increments each year reflect combined growth trends across the segments, with the highest relative increases influenced by premiums and other revenue streams.

In summary, the data indicates strength in premiums and total revenues, with pharmacy revenues showing variability by 2024. Front Store revenues exhibit minor declines after an initial growth phase. Other revenues contribute to overall growth with notable increases in later years. The overall revenue profile suggests a broad diversification of income streams with a strong emphasis on premium-related income growth.