Cvs Health (CVS) Free Cash Flow (2009 - 2026)
Cvs Health's (CVS) quarterly Free Cash Flow came in at $3.4 billion in Q1 2026, down 10.83% YoY from $3.8 billion in Q1 2025, and up 30.47% on a QoQ basis from $2.6 billion in Q4 2025.
Cvs Health (CVS) Free Cash Flow (2009 - 2026) Analysis & Trends
Cvs Health (CVS) has 18 years of Free Cash Flow data on file, last reported at $3.4 billion in Q1 2026.
- Quarterly Free Cash Flow fell 10.83% year-over-year to $3.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.4 billion (up 24.46% YoY) and the FY2025 annual result came in at $7.8 billion, up 23.41% from the prior year.
- Free Cash Flow improved to $3.4 billion in Q1 2026, from $2.6 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $8.5 billion in Q3 2022 to a low of -$3.5 billion in Q4 2023.
- A 5-year average of $2.4 billion and a median of $2.5 billion in 2022 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 177.46% — and 2023, when it surged 156.93%.
- Tracing CVS's Free Cash Flow over 5 years: stood at -$2.6 billion in 2022, then slumped by 34.36% to -$3.5 billion in 2023, then jumped by 130.79% to $1.1 billion in 2024, then jumped by 138.64% to $2.6 billion in 2025, then surged by 30.47% to $3.4 billion in 2026.
- The last three Free Cash Flow figures came in at $3.4 billion (Q1 2026), $2.6 billion (Q4 2025), and $98.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.33 Bn | 320.86 Bn | 36.67 Bn | 10.25 Bn |
| 2 | Cvs Health | 119.01 Bn | 105.05 Bn | 47.23 Bn | 5.65 Bn |
| 3 | Elevance Health | 87.08 Bn | 51.13 Bn | 13.45 Bn | 1.63 Bn |
| 4 | Humana | 45.89 Bn | 22.02 Bn | 5.50 Bn | 1.83 Bn |
| 5 | Centene | 32.00 Bn | 4.94 Bn | 14.55 Bn | 3.42 Bn |
| 6 | Molina Healthcare | 10.27 Bn | 1.35 Bn | 1.43 Bn | -324.00 Mn |
| 7 | Oscar Health | 9.55 Bn | 999.17 Mn | 1.09 Bn | 2.08 Bn |
| 8 | Alignment Healthcare | 2.75 Bn | 2.05 Bn | 180.96 Mn | -27.46 Mn |
| 9 | Clover Health Investments | 2.18 Bn | 1.94 Bn | 153.00 Mn | 24.51 Mn |
| 10 | Progyny | 2.00 Bn | 1.76 Bn | 89.30 Mn | 44.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.65 Bn |
| Jun 30, 2026 | 5.65 Bn |
| Mar 31, 2026 | 3.40 Bn |
| Mar 31, 2026 | 3.40 Bn |
| Dec 31, 2025 | 2.61 Bn |
| Dec 31, 2025 | 2.61 Bn |
| Sep 30, 2025 | 98.00 Mn |
| Sep 30, 2025 | 98.00 Mn |
| Jun 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.29 Bn |
| Mar 31, 2025 | 3.81 Bn |
| Mar 31, 2025 | 3.81 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | -1.42 Bn |
| Sep 30, 2024 | -1.42 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Mar 31, 2024 | 4.20 Bn |
| Mar 31, 2024 | 4.20 Bn |