Which has the lower trailing P/E, CVS or MDT?

MDT has the lower trailing P/E: CVS trades at 46.35 and MDT at 22.98. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CVS or MDT?

Over the past five years, CVS grew revenue faster — CVS at a 8.52% CAGR versus MDT at 5.18%.

Does CVS or MDT pay a bigger dividend?

CVS yields 2.53% and MDT yields 3.33% based on trailing dividends and the latest price.

Is CVS or MDT more profitable?

MDT runs the higher net margin — CVS at 0.72% versus MDT at 13.20%.

How have CVS and MDT total returns compared?

Over the past 10 years, CVS delivered 4.41% and MDT delivered 2.48% annualized total return. Past performance doesn't predict future results.

CVS Health Corp. (CVS) vs Medtronic plc (MDT)

A side-by-side comparison of CVS Health Corp. and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.

CVS

CVS Health Corp.

$133.25B

$104.43HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT

MDT

Medtronic plc

$109.30B

$85.39HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT

Total return — CVS vs MDT

growth of $100 · dividends reinvested · last 30y

CVS +1657.4%MDT +1103.2%CVS compounded faster

CVS MDT

CVS vs MDT: by the numbers

•CVS is the larger company ($133.25B vs $109.30B market cap).
•MDT trades at the lower trailing earnings multiple (22.98 vs 46.35 P/E), one valuation lens rather than an overall verdict.
•MDT converts more revenue to profit (13.20% vs 0.72% net margin).
•CVS grew revenue faster over the past five years (8.52% vs 5.18% CAGR).
•MDT pays the higher dividend yield (3.33% vs 2.53%).

Metrics side by side

Valuation

Metric	CVS	MDT
P/E ratio	46.35	22.98
Forward P/E	14.12	15.53
P/S ratio	0.33	3.04
P/B ratio	1.74	2.23
PEG ratio	N/A	6.72
EV / EBITDA	19.31	14.61
FCF yield	5.49%	4.91%

Profitability

Metric	CVS	MDT
Gross margin	13.87%	65.02%
Operating margin	1.46%	17.78%
Net margin	0.72%	13.20%
ROE	3.79%	9.70%
ROIC	4.72%	6.13%

Dividends

Metric	CVS	MDT
Dividend yield	2.53%	3.33%
Payout ratio	190.00%	76.00%

Growth (annualized)

Metric	CVS	MDT
Revenue CAGR (5Y)	8.52%	5.18%
EPS CAGR (5Y)	-23.89%	0.83%
FCF CAGR (5Y)	-10.57%	3.07%
Total return CAGR (5Y)	8.49%	-5.22%

Frequently asked

Which has the lower trailing P/E, CVS or MDT?: MDT has the lower trailing P/E: CVS trades at 46.35 and MDT at 22.98. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CVS or MDT?: Over the past five years, CVS grew revenue faster — CVS at a 8.52% CAGR versus MDT at 5.18%.
Does CVS or MDT pay a bigger dividend?: CVS yields 2.53% and MDT yields 3.33% based on trailing dividends and the latest price.
Is CVS or MDT more profitable?: MDT runs the higher net margin — CVS at 0.72% versus MDT at 13.20%.
How have CVS and MDT total returns compared?: Over the past 10 years, CVS delivered 4.41% and MDT delivered 2.48% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CVS analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

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

CVS Health & Medtronic appear in these rankings

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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 July 31, 2026.