Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

CVS Health Corp., net profit margin, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Net Income (Loss) Attributable to CVS Health
The net income generally demonstrates an upward trend from 2005 through 2017, increasing from $1,225 million to $6,622 million. A notable deviation occurs in 2018, where a net loss of $594 million is reported. Following this loss, net income rebounds in subsequent years, reaching a peak of $8,344 million in 2023. However, in 2024 there is a decline to $4,614 million, indicating some volatility in the most recent period.
Revenues from Customers
Revenues show consistent growth throughout the period, rising steadily from $37,006 million in 2005 to $370,656 million in 2024. This represents nearly a tenfold increase over the 20-year span, reflecting strong top-line expansion without any periods of decline or stagnation.
Net Profit Margin
The net profit margin fluctuates within a moderate range. It remains mostly between 3.0% and 3.7% from 2005 through 2017, indicating relatively stable profitability relative to revenues. In 2018, the margin drops significantly to -0.31%, reflecting the net loss experienced that year. Margins recover in subsequent years but remain lower and more variable than in the earlier period, ranging from 1.24% to 2.72% from 2019 onwards, which suggests increased pressure on profitability despite growing revenues.
Overall Insights
The data indicates robust revenue growth accompanied by overall rising net income until an unexpected loss in 2018. After this, profitability margins have been lower and more volatile, despite revenues continuing to grow strongly. The decline in net income and margin in 2024 may warrant further investigation to understand potential causes affecting profitability. The divergence between strong revenue increases and fluctuating profit margins suggests potential challenges in cost management or other operational factors impacting net earnings.

Comparison to Competitors

CVS Health Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Health Care Equipment & Services)

CVS Health Corp., net profit margin, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)