Is CVS or MDT cheaper?

On trailing earnings, MDT is cheaper: CVS trades at a 44.35 P/E and MDT at 21.55.

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 2.64% and MDT yields 3.53% 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%.

Which has been the better investment, CVS or MDT?

Over the past 10-year, CVS delivered the higher annualized total return — CVS at 3.58% versus MDT at 2.22%. Past performance doesn't predict future results.

CVS Health Corporation (CVS) vs Medtronic plc (MDT)

MDT leads on 9 of 16 compared metrics.

A side-by-side comparison of CVS Health Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CVS

CVS Health Corporation

Total return — CVS vs MDT

growth of $100 · last 30y

CVS +872.8%MDT +466.5%CVS compounded faster

CVS MDT

CVS vs MDT: by the numbers

•CVS is the larger company ($127.54B vs $104.05B market cap).
•MDT trades at the lower earnings multiple (21.55 vs 44.35 P/E).
•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 (3.53% vs 2.64%).

Which is better, CVS or MDT?

Metric tally: CVS 7 · MDT 9

It depends on what you're optimizing for:

ValueMDT(lower P/E)

GrowthCVS(faster 5Y revenue CAGR)

IncomeMDT(higher dividend yield)

QualityCVS(higher ROIC)

Metrics side by side

Valuation

Metric	CVS	MDT
P/E ratio	44.35	21.55●
Forward P/E	12.01●	12.58
P/S ratio	0.32●	2.85
P/B ratio	1.66●	2.11
PEG ratio	—	6.73
EV / EBITDA	17.75	13.03●
FCF yield	5.74%●	5.24%

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%	9.80%●
ROIC	4.72%●	0.00%

Dividends

Metric	CVS	MDT
Dividend yield	2.64%	3.53%●
Payout ratio	190.00%	75.73%

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)	6.84%●	-5.46%

Frequently asked

Which is better, CVS or MDT?: It depends on your goal. value: MDT (lower P/E); growth: CVS (faster 5Y revenue CAGR); income: MDT (higher dividend yield); quality: CVS (higher ROIC). Across all compared metrics, MDT leads 9 to 7.
Is CVS or MDT cheaper?: On trailing earnings, MDT is cheaper: CVS trades at a 44.35 P/E and MDT at 21.55.
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 2.64% and MDT yields 3.53% 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%.
Which has been the better investment, CVS or MDT?: Over the past 10-year, CVS delivered the higher annualized total return — CVS at 3.58% versus MDT at 2.22%. 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

Highest Dividend Yield Stocks Dividend Aristocrats 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 16, 2026.