CVS Health is a health care innovation company that is reinventing pharmacy. Founded in 1963, and traded on the New York Stock Exchange (NYSE:CVS), CVS operates 9,900 drugstores in 49 states, the District of Columbia and Puerto Rico. About 70 percent of the U.S. population lives within five miles of a CVS Pharmacy. CVS is widely regarded as one of the safest, most secure single-tenant NNN leased investment property because of its strong balance sheet and market capitalization. For the 2023 year:
- Sales were over $357.8 billion
- Profit was over $8.3 billion
- Net worth was over $96.40 billion
Financials in millions of USD
Annual 2021 | Annual 2022 | Annual 2023 | |
---|---|---|---|
Statement of Operations Data | |||
Total Revenue | 292,111 | 322,467 | 357,800 |
Operating Income | 13,193 | 7,746 | 13,743 |
Net income attributable to CVS Health | 7,898 | 4,165 | 8,368 |
CVS Background
“For many, CVS remains synonymous with the nearly 10,000 retail locations they operate across the United States. Today’s CVS Health is, of course, so much more than that. CVS Caremark makes CVS Health the nation’s largest pharmacy benefits manager, and the leader in retail clinics, specialty pharmacy, and infusion. With a recent acquisition of Aetna, CVS Health operates one of the nation’s premier health benefits companies as well. These businesses, working together as an enterprise, create a uniquely powerful platform that will open a new front door to health care and reshape the consumer experience.
Three strategic imperatives have guided CVS Health’s transformation: Be local, make health care simple, and improve health. CVS Health offers more consumer touchpoints than any other health care company, and this enables them to offer care where, when, and how patients need it—in the community, in the home, or even in the palm of their hand through digital devices. And because they already engage with one in three Americans as part of their everyday activities, they can simply build programs and services into people’s existing routines. The current system drives patients to be health care decision makers, but they lack the tools needed to navigate effectively. CVS Health is going to change that and help guide patients along their health care journeys by providing more convenient access to the information, resources, and services they need. And by aligning the capabilities of Aetna with consumer-centric assets, CVS Health will more effectively deliver on their purpose of helping people on their path to better health.” Source: CVS Annual Report 2020.
Sales & Earnings
Fiscal Year | Sales in Billions | Percent Increase | Earnings in Billions | Percent Increase |
---|---|---|---|---|
2023 | $357.80 | 10.9% | $8.30 | 99.51% |
2022 | $322.46 | 10.39% | $4.16 | -47.55% |
2021 | $292.11 | 8.71% | $7.91 | 10.8% |
2020 | $268.70 | 4.65% | $7.17 | 8.22% |
2019 | $256.58 | 31.86% | $6.63 | 1,210.39% |
Stores Nationwide
Total Drugstores – 9,900
Includes 49 states and Puerto Rico.
Alabama | 151 |
Alaska | 11 |
Arizona | 234 |
Arkansas | 79 |
California | 586 |
Colorado | 169 |
Connecticut | 116 |
Delaware | 62 |
Florida | 820 |
Georgia | 270 |
Hawaii | 17 |
Idaho | 38 |
Illinois | 574 |
Indiana | 188 |
Iowa | 72 |
Kansas | 70 |
Kentucky | 171 |
Louisiana | 172 |
Maine | 79 |
Maryland | 154 |
Massachusetts | 249 |
Michigan | 232 |
Minnesota | 153 |
Mississippi | 83 |
Missouri | 208 |
Montana | 13 |
Nebraska | 56 |
Nevada | 83 |
New Hampshire | 35 |
New Jersey | 280 |
New Mexico | 70 |
New York | 564 |
North Carolina | 356 |
North Dakota | 1 |
Ohio | 242 |
Oklahoma | 116 |
Oregon | 73 |
Pennsylvania | 115 |
Rhode Island | 46 |
South Carolina | 150 |
South Dakota | 14 |
Tennessee | 271 |
Texas | 701 |
Utah | 56 |
Vermont | 32 |
Virginia | 204 |
Washington | 135 |
West Virginia | 94 |
Wisconsin | 226 |
Wyoming | 10 |
Puerto Rico | 105 |
Washington D.C. | 14 |