CVS Health Corp. (CVS) vs Walmart Inc. (WMT)
A side-by-side comparison of CVS Health Corp. and Walmart Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
Different business models: CVS is classified in Healthcare; WMT is classified in Consumer Defensive. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
CVS
CVS Health Corp.
$109.34HealthcareDelayed quote: Jul 28, 2026, 4:00 PM EDT
WMT
Walmart Inc.
$113.10Consumer DefensiveDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — CVS vs WMT
growth of $100 · dividends reinvested · last 30yCVS +1692.7%WMT +4540.3%WMT compounded faster
CVS WMT
CVS vs WMT: by the numbers
- •WMT is the larger company ($900.06B vs $139.51B market cap).
- •WMT trades at the lower trailing earnings multiple (39.21 vs 47.17 P/E), one valuation lens rather than an overall verdict.
- •WMT converts more revenue to profit (3.13% vs 0.72% net margin).
- •CVS grew revenue faster over the past five years (8.52% vs 5.20% CAGR).
- •CVS pays the higher dividend yield (2.48% vs 0.86%).
Metrics side by side
Valuation
| Metric | CVS | WMT |
|---|---|---|
| P/E ratio | 47.17 | 39.21 |
| Forward P/E | 14.37 | 42.36 |
| P/S ratio | 0.34 | 1.23 |
| P/B ratio | 1.77 | 9.48 |
| PEG ratio | N/A | 3.29 |
| EV / EBITDA | 19.53 | 21.35 |
| FCF yield | 5.40% | 1.40% |
Profitability
| Metric | CVS | WMT |
|---|---|---|
| Gross margin | 13.87% | 24.98% |
| Operating margin | 1.46% | 4.16% |
| Net margin | 0.72% | 3.13% |
| ROE | 3.79% | 24.10% |
| ROIC | 4.72% | 11.87% |
Dividends
| Metric | CVS | WMT |
|---|---|---|
| Dividend yield | 2.48% | 0.86% |
| Payout ratio | 190.00% | 35.22% |
Growth (annualized)
| Metric | CVS | WMT |
|---|---|---|
| Revenue CAGR (5Y) | 8.52% | 5.20% |
| EPS CAGR (5Y) | -23.89% | 10.95% |
| FCF CAGR (5Y) | -10.57% | -9.94% |
| Total return CAGR (5Y) | 8.59% | 20.16% |
Frequently asked
- Which has the lower trailing P/E, CVS or WMT?
- WMT has the lower trailing P/E: CVS trades at 47.17 and WMT at 39.21. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CVS or WMT?
- Over the past five years, CVS grew revenue faster — CVS at a 8.52% CAGR versus WMT at 5.20%.
- Does CVS or WMT pay a bigger dividend?
- CVS yields 2.48% and WMT yields 0.86% based on trailing dividends and the latest price.
- Is CVS or WMT more profitable?
- WMT runs the higher net margin — CVS at 0.72% versus WMT at 3.13%.
- How have CVS and WMT total returns compared?
- Over the past 10 years, CVS delivered 4.62% and WMT delivered 18.43% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
CVS Health P/E ratioWalmart P/E ratioCVS Health dividend yieldWalmart dividend yieldCVS Health ROEWalmart ROECVS Health operating marginWalmart operating marginCVS Health revenue growthWalmart revenue growthCVS Health free cash flowWalmart free cash flow
CVS Health & Walmart appear in these rankings
Highest Dividend Yield Stocks25+ Year Dividend GrowersHighest FCF Yield StocksHighest 10-Year Total Return Stocks
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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 28, 2026.