Company / Operating Margin
CVS Health Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
1.2%
FY2025
5-year range
1.2% / 4.7%
FY2021-FY2025
Trend
-49.1%
vs FY2024
Sector context
#95 of 148
Health Care
What the data says
At 1.2%, CVS Health's operating margin ranks #95 of 148 in the Health Care sector. Operating Margin has fluctuated over the past 10 years, ranging from 1.2% in FY2025 to 5.9% in FY2016.
Based on SEC 10-K filings.
1.2% in FY2025 with a 5-year CAGR of -0.9%.
Declined from 4.6% to 1.2% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -1.3pp
- 5-Year Change
- -0.9pp
- 10-Year Change
- -
Sector benchmark
#95 of 148 in Health CareTop 64% of 148This company 1.2% Sector average -284.5%
▼
+100.4% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 49.1% year-over-year.
- Currently 285.6pp above the Health Care sector average.
- Peak operating margin was recorded in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 1.2% | -49.1% |
| FY2024 | 2.3% | -50.0% |
| FY2023 | 4.6% | +84.6% |
| FY2022 | 2.5% | -47.1% |
| FY2021 | 4.7% | +125.6% |
| FY2020 | 2.1% | -55.7% |
| FY2019 | 4.7% | +125.6% |
| FY2018 | 2.1% | -59.9% |
| FY2017 | 5.2% | -11.8% |
| FY2016 | 5.9% | -5.3% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026