Cvs Health (CVS) Return on Invested Capital [ROIC] (2009 - 2026)
Cvs Health (CVS) reported Return on Invested Capital [ROIC] of 4.96% for Q2 2026, up 0.63 percentage points from 4.33% a year earlier and up 1.39 percentage points from the prior quarter.
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Analysis
Cvs Health (CVS) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Cvs Health posted Return on Invested Capital [ROIC] of 2.67%, down 1.86 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -5.01 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 4.53% in FY2024 (-3.32 pp), 7.85% in FY2023 (+3.22 pp), 4.62% in FY2022 (-2.98 pp) and 7.61% in FY2021 (-0.07 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- Year over year, Return on Invested Capital [ROIC] gained in 1 of the last eight quarters, with an average year-over-year change of -2.10 percentage points.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2023 (a gain of 3.61 percentage points); the low point was Q3 2025 (a drop of 4.52 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.57% (Q1 2026), 2.70% (Q4 2025) and 0.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 11.34% |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 98.69% |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 9.71% |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 8.29% |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 10.38% |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | 36.52% |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | 5.50% |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | -19.90% |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | 2.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.71% |
| Jun 30, 2026 | 4.96% |
| Mar 31, 2026 | 3.57% |
| Dec 31, 2025 | 2.70% |
| Sep 30, 2025 | 0.51% |
| Jun 30, 2025 | 4.33% |
| Mar 31, 2025 | 4.95% |
| Dec 31, 2024 | 4.50% |
| Sep 30, 2024 | 5.03% |
| Jun 30, 2024 | 6.61% |
| Mar 31, 2024 | 6.77% |
| Dec 31, 2023 | 7.49% |
| Sep 30, 2023 | 7.65% |
| Jun 30, 2023 | 3.46% |
| Mar 31, 2023 | 4.46% |
| Dec 31, 2022 | 4.76% |
| Sep 30, 2022 | 4.04% |
| Jun 30, 2022 | 7.97% |
| Mar 31, 2022 | 7.81% |
| Dec 31, 2021 | 7.64% |
API Access
Cvs Health Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();