CVS Health Corp. (CVS) vs Novo Nordisk A/S (NVO)
A side-by-side comparison of CVS Health Corp. and Novo Nordisk A/S across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 2, 2026. Differences are shown without an overall score or investment verdict.
CVS
CVS Health Corp.
$104.43HealthcareAt close: Jul 31, 2026, 4:00 PM ET
NVO
Novo Nordisk A/S
$47.08HealthcareAt close: Jul 31, 2026, 4:00 PM ET
Total return — CVS vs NVO
growth of $100 · dividends reinvested · last 30yCVS +1604.7%NVO +10806.6%NVO compounded faster
Log scale — wide-divergence pair
CVS NVO
CVS vs NVO: by the numbers
- •NVO is the larger company ($209.19B vs $133.25B market cap).
- •NVO trades at the lower trailing earnings multiple (11.01 vs 46.00 P/E), one valuation lens rather than an overall verdict.
- •NVO converts more revenue to profit (37.14% vs 0.72% net margin).
- •NVO grew revenue faster over the past five years (20.73% vs 8.52% CAGR).
- •NVO pays the higher dividend yield (3.83% vs 2.55%).
Metrics side by side
Valuation
| Metric | CVS | NVO |
|---|---|---|
| P/E ratio | 46.00 | 11.01 |
| Forward P/E | 14.02 | N/A |
| P/S ratio | 0.33 | 4.09 |
| P/B ratio | 1.72 | 6.69 |
| PEG ratio | N/A | 8.16 |
| EV / EBITDA | 19.21 | 8.62 |
| FCF yield | 5.54% | 2.31% |
Profitability
| Metric | CVS | NVO |
|---|---|---|
| Gross margin | 13.87% | 81.83% |
| Operating margin | 1.46% | 45.21% |
| Net margin | 0.72% | 37.14% |
| ROE | 3.79% | 60.74% |
| ROIC | 4.72% | 29.53% |
Dividends
| Metric | CVS | NVO |
|---|---|---|
| Dividend yield | 2.55% | 3.83% |
| Payout ratio | 190.00% | 49.80% |
Growth (annualized)
| Metric | CVS | NVO |
|---|---|---|
| Revenue CAGR (5Y) | 8.52% | 20.73% |
| EPS CAGR (5Y) | -23.89% | 19.59% |
| FCF CAGR (5Y) | -10.57% | -5.86% |
| Total return CAGR (5Y) | 8.38% | 2.46% |
Frequently asked
- Which has the lower trailing P/E, CVS or NVO?
- NVO has the lower trailing P/E: CVS trades at 46.00 and NVO at 11.01. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CVS or NVO?
- Over the past five years, NVO grew revenue faster — CVS at a 8.52% CAGR versus NVO at 20.73%.
- Does CVS or NVO pay a bigger dividend?
- CVS yields 2.55% and NVO yields 3.83% based on trailing dividends and the latest price.
- Is CVS or NVO more profitable?
- NVO runs the higher net margin — CVS at 0.72% versus NVO at 37.14%.
- How have CVS and NVO total returns compared?
- Over the past 10 years, CVS delivered 4.36% and NVO delivered 7.59% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CVS Health P/E ratioNovo Nordisk A/S P/E ratioCVS Health dividend yieldNovo Nordisk A/S dividend yieldCVS Health ROENovo Nordisk A/S ROECVS Health operating marginNovo Nordisk A/S operating marginCVS Health revenue growthNovo Nordisk A/S revenue growthCVS Health free cash flowNovo Nordisk A/S free cash flow
CVS Health & Novo Nordisk A/S appear in these rankings
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 August 2, 2026.