Cvs Health (CVS) EV to EBITDA (2009 - 2026)
Cvs Health's (CVS) quarterly EV to EBITDA came in at 25.19 in Q2 2026, down 18.3% on a YoY basis from 30.83 in Q2 2025, and up 47.69% quarter-over-quarter from 17.05 in Q1 2026.
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Cvs Health (CVS) EV to EBITDA (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has reported EV to EBITDA for 18 consecutive years, with 25.19 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA fell 18.3% year-over-year to 25.19; the trailing twelve-month figure through Jun 2026 stood at 14.29 (up 74.37% YoY), and the FY2025 full-year result was 19.41, up 261.34% from the prior year.
- EV to EBITDA rose to 25.19 in Q2 2026 per CVS's latest filing, from 17.05 in the prior quarter.
- Across five years, EV to EBITDA topped out at 83.64 in Q3 2024 and bottomed at 26.98 in Q3 2022.
- Historically, EV to EBITDA has averaged 23.44 across 5 years, with a median of 22.7 in 2022.
- The sharpest annual moves came in 2022 and 2024: EV to EBITDA plunged 182.96% in 2022, then soared 317.93% in 2024.
- Over 5 years, EV to EBITDA stood at 28.89 in 2022, then decreased by 7.22% to 26.81 in 2023, then dropped by 27.95% to 19.32 in 2024, then jumped by 121.69% to 42.82 in 2025, then tumbled by 41.18% to 25.19 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 25.19, 17.05, and 42.82 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 354.24 Bn | 322.77 Bn | 36.67 Bn |
| 2 | Cvs Health | 122.38 Bn | 108.42 Bn | 47.23 Bn |
| 3 | Elevance Health | 86.47 Bn | 50.52 Bn | 13.45 Bn |
| 4 | Cigna | 73.02 Bn | 65.76 Bn | 14.97 Bn |
| 5 | Humana | 48.22 Bn | 24.35 Bn | 5.50 Bn |
| 6 | Centene | 31.79 Bn | 4.73 Bn | 14.55 Bn |
| 7 | Molina Healthcare | 9.95 Bn | 1.03 Bn | 1.43 Bn |
| 8 | Oscar Health | 9.53 Bn | 976.50 Mn | 1.09 Bn |
| 9 | Corvel | 3.41 Bn | 3.06 Bn | - |
| 10 | Alignment Healthcare | 2.70 Bn | 2.00 Bn | 180.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.19 |
| Mar 31, 2026 | 17.05 |
| Dec 31, 2025 | 42.82 |
| Sep 30, 2025 | -26.41 |
| Jun 30, 2025 | 30.83 |
| Mar 31, 2025 | 21.64 |
| Dec 31, 2024 | 19.32 |
| Sep 30, 2024 | 83.64 |
| Jun 30, 2024 | 19.08 |
| Mar 31, 2024 | 38.29 |
| Dec 31, 2023 | 26.81 |
| Sep 30, 2023 | 20.01 |
| Jun 30, 2023 | 22.27 |
| Mar 31, 2023 | 22.50 |
| Dec 31, 2022 | 28.89 |
| Sep 30, 2022 | -26.98 |
| Jun 30, 2022 | 22.90 |
| Mar 31, 2022 | 34.17 |
| Dec 31, 2021 | 52.92 |
| Sep 30, 2021 | 32.53 |