Is AMGN or CVS cheaper?

On trailing earnings, AMGN is cheaper: AMGN trades at a 24.72 P/E and CVS at 44.92.

Which has grown faster, AMGN or CVS?

Over the past five years, CVS grew revenue faster — AMGN at a 8.15% CAGR versus CVS at 8.52%.

Does AMGN or CVS pay a bigger dividend?

AMGN yields 2.76% and CVS yields 2.61% based on trailing dividends and the latest price.

Is AMGN or CVS more profitable?

AMGN runs the higher net margin — AMGN at 20.95% versus CVS at 0.72%.

Which has been the better investment, AMGN or CVS?

Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.94% versus CVS at 3.66%. Past performance doesn't predict future results.

Amgen Inc. (AMGN) vs CVS Health Corporation (CVS)

AMGN leads on 11 of 16 compared metrics.

A side-by-side comparison of Amgen Inc. and CVS Health Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CVS Health Corporation

$130.09B

$101.96Healthcare

Total return — AMGN vs CVS

growth of $100 · last 30y

AMGN +2282.3%CVS +882.3%AMGN compounded faster

AMGN CVS

AMGN vs CVS: by the numbers

•AMGN is the larger company ($191.70B vs $130.09B market cap).
•AMGN trades at the lower earnings multiple (24.72 vs 44.92 P/E).
•AMGN converts more revenue to profit (20.95% vs 0.72% net margin).
•CVS grew revenue faster over the past five years (8.52% vs 8.15% CAGR).
•AMGN pays the higher dividend yield (2.76% vs 2.61%).

Which is better, AMGN or CVS?

Metric tally: AMGN 11 · CVS 5

It depends on what you're optimizing for:

ValueAMGN(lower P/E)

GrowthCVS(faster 5Y revenue CAGR)

IncomeAMGN(higher dividend yield)

QualityAMGN(higher ROIC)

Valuation

Metric	AMGN	CVS
P/E ratio	24.72●	44.92
Forward P/E	15.15	12.17●
P/S ratio	5.19	0.32●
P/B ratio	21.03	1.68●
PEG ratio	0.26	—
EV / EBITDA	15.32●	17.90
FCF yield	4.45%	5.67%●

Profitability

Metric	AMGN	CVS
Gross margin	71.46%●	13.87%
Operating margin	31.63%●	1.46%
Net margin	20.95%●	0.72%
ROE	84.87%●	3.79%
ROIC	13.16%●	4.72%

Dividends

Metric	AMGN	CVS
Dividend yield	2.76%●	2.61%
Payout ratio	68.39%	190.00%

Growth (annualized)

Metric	AMGN	CVS
Revenue CAGR (5Y)	8.15%	8.52%●
EPS CAGR (5Y)	2.94%●	-23.89%
FCF CAGR (5Y)	-2.66%●	-10.57%
Total return CAGR (5Y)	11.36%●	7.06%

Frequently asked

Which is better, AMGN or CVS?: It depends on your goal. value: AMGN (lower P/E); growth: CVS (faster 5Y revenue CAGR); income: AMGN (higher dividend yield); quality: AMGN (higher ROIC). Across all compared metrics, AMGN leads 11 to 5.
Is AMGN or CVS cheaper?: On trailing earnings, AMGN is cheaper: AMGN trades at a 24.72 P/E and CVS at 44.92.
Which has grown faster, AMGN or CVS?: Over the past five years, CVS grew revenue faster — AMGN at a 8.15% CAGR versus CVS at 8.52%.
Does AMGN or CVS pay a bigger dividend?: AMGN yields 2.76% and CVS yields 2.61% based on trailing dividends and the latest price.
Is AMGN or CVS more profitable?: AMGN runs the higher net margin — AMGN at 20.95% versus CVS at 0.72%.
Which has been the better investment, AMGN or CVS?: Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.94% versus CVS at 3.66%. Past performance doesn't predict future results.

Go deeper

Full AMGN analysis Full CVS analysis Interactive comparison tool

Dig into the metrics

Amgen P/E ratio CVS Health P/E ratio Amgen dividend yield CVS Health dividend yield Amgen ROE CVS Health ROE Amgen operating margin CVS Health operating margin Amgen revenue growth CVS Health revenue growth Amgen free cash flow CVS Health free cash flow

Amgen & CVS Health appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.