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CVS Health Corporation (CVS)
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CVS Health Corporation (CVS) Free Cash Flow Yield: 5.89%

Is CVS Health Corporation’s free cash flow yield high or low?

CVS Health Corporation's free cash flow yield of 5.89% is 45% below its 5-year average of 10.66%, near the low end of its 5-year range (2.17%–21.05%).

The free cash flow yield for CVS Health Corporation (CVS) is 5.89% as of Wednesday, June 10, 2026. It is below its 12-month average by 9.78% (6.53%).

CVS Free Cash Flow Yield Chart

CVS Free Cash Flow Yield
5.89%-19.54% 1Y
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CVS Average Free Cash Flow Yield Chart

CVS Current vs Average Free Cash Flow Yield Chart

CVS Free Cash Flow Yield Metrics

FREE CASH FLOW YIELD

5.89%

FREE CASH FLOW YIELD AVG TTM

6.53%

FREE CASH FLOW YIELD AVG 3Y

9.25%

FREE CASH FLOW YIELD AVG 5Y

10.66%

FREE CASH FLOW YIELD AVG 10Y

10.60%

FREE CASH FLOW YIELD AVG 15Y

9.04%

FREE CASH FLOW YIELD AVG 20Y

7.58%

CURRENT VS TTM AVG

-9.78%

CURRENT VS 3Y AVG

-36.29%

CURRENT VS 5Y AVG

-44.74%

CURRENT VS 10Y AVG

-44.43%

CURRENT VS 15Y AVG

-34.85%

CURRENT VS 20Y AVG

-22.31%

CVS Competitors' Free Cash Flow Yield

NAMEMARKET CAPFREE CASH FLOW YIELDTTM3Y5Y
CVS Health Corporation (CVS)5.89%6.53%9.25%10.66%
Danaher Corporation (DHR)$130.25B4.03%3.49%3.47%3.67%
Bristol-Myers Squibb Company (BMY)$114.14B10.43%13.31%12.26%10.96%
Vertex Pharmaceuticals Incorporated (VRTX)$110.77B3.31%3.05%3.42%3.85%
Pfizer Inc. (PFE)$146.36B6.45%7.35%5.93%7.34%
Intuitive Surgical, Inc. (ISRG)$146.44B1.90%1.28%0.87%1.09%
Medtronic plc (MDT)$103.04B5.25%4.52%4.48%4.31%
Gilead Sciences, Inc. (GILD)$151.21B6.70%6.08%7.45%8.69%
Abbott Laboratories (ABT)$154.66B4.76%3.47%3.07%3.51%
Elevance Health Inc. (ELV)$87.43B7.27%5.89%5.04%6.07%

Yield Comparison

FCF Yield

5.89%

Earnings Yield

2.31%

Dividend Yield

2.71%

Formula: FCF Yield = (Free Cash Flow / Market Cap) × 100

How FCF Yield is used:

  • Shows free cash flow after capital expenditures relative to market cap
  • Can be compared with earnings yield and dividend yield
  • Can be compared with the company's historical range
  • Can be compared with peers that report positive free cash flow

FCF vs earnings: Differences between FCF yield and earnings yield can reflect capital expenditures, working capital changes, and other non-cash accounting items.

CVS Health Corporation Free Cash Flow Yield Formula & Definition

FCF Yield measures free cash flow relative to market capitalization. It compares cash generation after capital expenditures with the equity value of the company.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

CVS Health Corporation Free Cash Flow Yield FAQ

What is the free cash flow yield for CVS Health Corporation (CVS)?
The free cash flow yield for CVS stock is 5.89%.
Is CVS Health Corporation's free cash flow yield high or low?
CVS Health Corporation's free cash flow yield of 5.89% is 45% below its 5-year average of 10.66%, near the low end of its 5-year range (2.17%–21.05%).
What is the TTM average free cash flow yield for CVS Health Corporation (CVS)?
The TTM average free cash flow yield for CVS stock is 6.53%.
What is the 3Y average free cash flow yield for CVS Health Corporation (CVS)?
The 3Y average free cash flow yield for CVS stock is 9.25%.
What is the 5Y average free cash flow yield for CVS Health Corporation (CVS)?
The 5Y average free cash flow yield for CVS stock is 10.66%.
What is the 10Y average free cash flow yield for CVS Health Corporation (CVS)?
The 10Y average free cash flow yield for CVS stock is 10.60%.
What is the 15Y average free cash flow yield for CVS Health Corporation (CVS)?
The 15Y average free cash flow yield for CVS stock is 9.04%.
What is the 20Y average free cash flow yield for CVS Health Corporation (CVS)?
The 20Y average free cash flow yield for CVS stock is 7.58%.

CVS Health Corporation Free Cash Flow Yield History

DATEFREE CASH FLOW YIELD
2026-06-105.89%
2026-06-095.96%
2026-06-085.96%
2026-06-056.03%
2026-06-046.10%
2026-06-036.33%
2026-06-026.46%
2026-06-016.38%
2026-05-296.35%
2026-05-286.22%
2026-05-276.28%
2026-05-266.37%
2026-05-226.20%
2026-05-216.20%
2026-05-206.20%
2026-05-196.14%
2026-05-186.02%
2026-05-156.03%
2026-05-145.95%
2026-05-135.89%
2026-05-126.08%
2026-05-116.27%
2026-05-086.39%
2026-05-076.62%
2026-05-066.66%
2026-05-057.58%
2026-05-047.46%
2026-05-017.45%
2026-04-307.34%
2026-04-297.29%
2026-04-287.55%
2026-04-277.80%
2026-04-247.84%
2026-04-237.75%
2026-04-228.00%
2026-04-217.91%
2026-04-207.98%
2026-04-177.91%
2026-04-167.96%
2026-04-158.15%
2026-04-147.87%
2026-04-137.83%
2026-04-107.70%
2026-04-097.75%
2026-04-087.76%
2026-04-077.82%
2026-04-068.34%
2026-04-028.32%
2026-04-018.43%
2026-03-318.51%
2026-03-308.72%
2026-03-278.73%
2026-03-268.59%
2026-03-258.47%
2026-03-248.40%
2026-03-238.58%
2026-03-208.55%
2026-03-198.51%
2026-03-188.38%
2026-03-178.17%
2026-03-168.06%
2026-03-138.03%
2026-03-128.04%
2026-03-118.07%
2026-03-108.01%
2026-03-097.81%
2026-03-067.84%
2026-03-057.77%
2026-03-047.59%
2026-03-037.59%
2026-03-027.49%
2026-02-277.65%
2026-02-267.84%
2026-02-258.03%
2026-02-248.24%
2026-02-237.94%
2026-02-207.97%
2026-02-197.91%
2026-02-187.86%
2026-02-177.82%
2026-02-137.79%
2026-02-127.84%
2026-02-117.94%
2026-02-108.08%
2026-02-096.54%
2026-02-066.33%
2026-02-056.50%
2026-02-046.59%
2026-02-036.46%
2026-02-026.57%
2026-01-306.65%
2026-01-296.66%
2026-01-286.70%
2026-01-276.89%
2026-01-265.91%
2026-01-235.97%
2026-01-226.00%
2026-01-216.09%
2026-01-206.19%
2026-01-166.31%
2026-01-156.09%
2026-01-146.25%
2026-01-136.15%
2026-01-126.17%
2026-01-096.18%
2026-01-086.15%
2026-01-076.22%
2026-01-066.15%
2026-01-056.17%
2026-01-026.19%
2025-12-316.25%
2025-12-306.21%
2025-12-296.20%
2025-12-266.23%
2025-12-246.27%
2025-12-236.35%
2025-12-226.33%
2025-12-196.38%
2025-12-186.37%
2025-12-176.37%
2025-12-166.33%
2025-12-156.22%
2025-12-126.24%
2025-12-116.13%
2025-12-106.28%
2025-12-096.34%
2025-12-086.48%
2025-12-056.56%
2025-12-046.46%
2025-12-036.61%
2025-12-026.39%
2025-12-016.27%
2025-11-286.17%
2025-11-266.21%
2025-11-256.32%
2025-11-246.37%
2025-11-216.36%
2025-11-206.52%
2025-11-196.48%
2025-11-186.36%
2025-11-176.33%
2025-11-146.37%
2025-11-136.26%
2025-11-126.18%
2025-11-116.21%
2025-11-106.39%
2025-11-076.28%
2025-11-066.31%
2025-11-056.31%
2025-11-046.35%
2025-11-036.32%
2025-10-316.35%
2025-10-306.47%
2025-10-296.15%
2025-10-284.58%
2025-10-274.56%
2025-10-244.59%
2025-10-234.64%
2025-10-224.59%
2025-10-214.53%
2025-10-204.56%
2025-10-174.56%
2025-10-164.63%
2025-10-154.67%
2025-10-144.73%
2025-10-134.80%
2025-10-104.83%
2025-10-094.90%
2025-10-084.89%
2025-10-074.88%
2025-10-064.90%
2025-10-034.86%
2025-10-024.86%
2025-10-014.90%
2025-09-304.99%
2025-09-294.98%
2025-09-264.97%
2025-09-255.05%
2025-09-244.93%
2025-09-234.92%
2025-09-225.01%
2025-09-195.02%
2025-09-185.06%
2025-09-175.09%
2025-09-165.12%
2025-09-155.12%
2025-09-125.02%
2025-09-115.04%
2025-09-105.09%
2025-09-095.25%
2025-09-085.36%
2025-09-055.10%
2025-09-045.11%
2025-09-035.13%
2025-09-025.08%
2025-08-295.14%
2025-08-285.22%
2025-08-275.23%
2025-08-265.26%
2025-08-255.29%
2025-08-225.28%
2025-08-215.27%
2025-08-205.31%
2025-08-195.30%
2025-08-185.36%
2025-08-155.49%
2025-08-145.64%
2025-08-135.71%
2025-08-125.74%
2025-08-115.80%
2025-08-085.74%
2025-08-075.92%
2025-08-065.92%
2025-08-055.93%
2025-08-046.12%
2025-08-016.02%
2025-07-316.06%
2025-07-307.55%
2025-07-297.83%
2025-07-287.88%
2025-07-257.75%
2025-07-248.00%
2025-07-237.60%
2025-07-227.69%
2025-07-217.63%
2025-07-187.59%
2025-07-177.42%
2025-07-167.37%
2025-07-157.35%
2025-07-147.30%
2025-07-117.26%
2025-07-107.16%
2025-07-097.05%
2025-07-087.02%
2025-07-077.05%
2025-07-036.97%
2025-07-027.06%
2025-07-016.76%
2025-06-306.81%
2025-06-276.86%
2025-06-266.90%
2025-06-257.08%
2025-06-246.95%
2025-06-237.04%
2025-06-207.06%
2025-06-187.03%
2025-06-177.01%
2025-06-166.94%
2025-06-136.97%
2025-06-127.08%
2025-06-117.15%
2025-06-107.32%
2025-06-097.36%
2025-06-067.39%
2025-06-057.45%
2025-06-047.39%
2025-06-037.39%
2025-06-027.39%
2025-05-307.34%
2025-05-297.49%

Showing the most recent 260 of 4,982 data points. The chart above shows the full history.

About CVS Health Corporation

CVS Health Corporation is a prominent healthcare services provider operating across the United States. The company's Health Care Benefits division delivers a range of health insurance offerings, including traditional plans, voluntary coverage, and consumer-directed options, alongside associated services. Its diverse clientele spans employer organizations, private individuals, university students, part-time and hourly staff, various health plans, healthcare providers, government bodies, state-sponsored programs, labor unions, and individuals living abroad. Through its Pharmacy Services segment, CVS Health manages pharmacy benefits, offering comprehensive solutions such as designing and administering plans, managing drug formularies, overseeing retail pharmacy networks, and providing mail-order, specialty pharmacy, and infusion services. This segment also delivers clinical support and helps manage disease and medical expenditures. It serves a broad array of clients, including employers, insurance carriers, trade unions, government employee groups, health plans, prescription drug programs, Medicaid managed care organizations, and plans available on both public and private health insurance marketplaces, in addition to other health benefit plan sponsors and individual consumers. Operationally, this segment encompasses specialty retail pharmacies, specialty mail-order services, general mail-order dispensing pharmacies, compounding pharmacies, and facilities dedicated to infusion and enteral nutrition support. The Retail/LTC (Long-Term Care) segment is responsible for selling both prescription and over-the-counter medications, consumer health and beauty items, and personal care products. It also delivers healthcare services via its MinuteClinic walk-in medical clinics. Furthermore, this segment handles the distribution of prescription drugs and offers pharmacy consulting along with other supplementary services to long-term care facilities and various other care environments. As of December 31, 2021, CVS Health boasted approximately 9,900 retail outlets and 1,200 MinuteClinic locations. This network is complemented by online retail pharmacy platforms, LTC pharmacies, and on-site pharmacies. Originally established in 1963 and headquartered in Woonsocket, Rhode Island, the company was known as CVS Caremark Corporation before officially rebranding to CVS Health Corporation in September 2014.

Woonsocket, RI
300,000 employees
Healthcare / Medical - Healthcare Plans
Sector
Healthcare
Industry
Medical - Healthcare Plans
CEO
J. David Joyner