CVS Health Corp. (CVS)

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

	Operating Profit Margin	=	100	×	Operating income1	÷	Net revenues1
Dec 31, 2005		=	100	×		÷
Dec 30, 2006		=	100	×		÷
Dec 29, 2007		=	100	×		÷
Dec 31, 2008		=	100	×		÷
Dec 31, 2009		=	100	×		÷
Dec 31, 2010		=	100	×		÷
Dec 31, 2011		=	100	×		÷
Dec 31, 2012		=	100	×		÷
Dec 31, 2013		=	100	×		÷
Dec 31, 2014		=	100	×		÷
Dec 31, 2015		=	100	×		÷
Dec 31, 2016		=	100	×		÷
Dec 31, 2017		=	100	×		÷
Dec 31, 2018		=	100	×		÷

Based on: 10-K (filing date: 2006-03-14), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-27), 10-K (filing date: 2009-02-27), 10-K (filing date: 2010-02-26), 10-K (filing date: 2011-02-18), 10-K (filing date: 2012-02-17), 10-K (filing date: 2013-02-15), 10-K (filing date: 2014-02-11), 10-K (filing date: 2015-02-10), 10-K (filing date: 2016-02-09), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-14), 10-K (filing date: 2019-02-28).

¹ USD $ in millions

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

	CVS Health Corp.	Walgreens Boots Alliance Inc.
Dec 31, 2005
Dec 30, 2006
Dec 29, 2007
Dec 31, 2008
Dec 31, 2009
Dec 31, 2010
Dec 31, 2011
Dec 31, 2012
Dec 31, 2013
Dec 31, 2014
Dec 31, 2015
Dec 31, 2016
Dec 31, 2017
Dec 31, 2018

Based on: 10-K (filing date: 2006-03-14), 10-K (filing date: 2007-02-27), 10-K (filing date: 2008-02-27), 10-K (filing date: 2009-02-27), 10-K (filing date: 2010-02-26), 10-K (filing date: 2011-02-18), 10-K (filing date: 2012-02-17), 10-K (filing date: 2013-02-15), 10-K (filing date: 2014-02-11), 10-K (filing date: 2015-02-10), 10-K (filing date: 2016-02-09), 10-K (filing date: 2017-02-09), 10-K (filing date: 2018-02-14), 10-K (filing date: 2019-02-28).