CVS Health Corp (CVS) — Capital Reinvestment Ratio
CVS Health Corp (CVS) has a Capital Reinvestment Ratio of 0.23x as of December 2025, meaning it reinvests 0% of its operating cash flow ($3.39 Billion) in capital expenditures ($784.00 Million). See debt-free asset ratio of CVS Health Corp to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
CVS Health Corp Capital Reinvestment Ratio (1989–2025)
This chart tracks CVS Health Corp's Capital Reinvestment Ratio across 36 annual periods. Check CVS Health Corp (CVS) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for CVS Health Corp (1989–2025)
Year-by-year Capital Reinvestment Ratio for CVS Health Corp from 1989 to 2025. For live market cap and broader valuation context, see market value of CVS Health Corp.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.27x | $10.64 Billion | $2.83 Billion | ▼ -12.8% |
| 2024 | 0.31x | $9.11 Billion | $2.78 Billion | ▲ +35.3% |
| 2023 | 0.23x | $13.43 Billion | $3.03 Billion | ▲ +33.9% |
| 2022 | 0.17x | $16.18 Billion | $2.73 Billion | ▲ +22.2% |
| 2021 | 0.14x | $18.27 Billion | $2.52 Billion | ▼ -10.2% |
| 2020 | 0.15x | $15.87 Billion | $2.44 Billion | ▼ -19.7% |
| 2019 | 0.19x | $12.85 Billion | $2.46 Billion | ▼ -16.8% |
| 2018 | 0.23x | $8.87 Billion | $2.04 Billion | ▼ -4.1% |
| 2017 | 0.24x | $8.01 Billion | $1.92 Billion | ▲ +9.2% |
| 2016 | 0.22x | $10.14 Billion | $2.22 Billion | ▼ -20.9% |
| 2015 | 0.28x | $8.54 Billion | $2.37 Billion | ▲ +5.6% |
| 2014 | 0.26x | $8.14 Billion | $2.14 Billion | ▼ -23.5% |
| 2013 | 0.34x | $5.78 Billion | $1.98 Billion | ▲ +12.7% |
| 2012 | 0.30x | $6.67 Billion | $2.03 Billion | ▼ -4.8% |
| 2011 | 0.32x | $5.86 Billion | $1.87 Billion | ▼ -23.8% |
| 2010 | 0.42x | $4.78 Billion | $2.00 Billion | ▼ -33.6% |
| 2009 | 0.63x | $4.04 Billion | $2.55 Billion | ▲ +14.3% |
| 2008 | 0.55x | $3.95 Billion | $2.18 Billion | ▼ -1.2% |
| 2007 | 0.56x | $3.23 Billion | $1.81 Billion | ▼ -44.9% |
| 2006 | 1.02x | $1.74 Billion | $1.77 Billion | ▲ +9.4% |
| 2005 | 0.93x | $1.61 Billion | $1.50 Billion | ▼ -37.1% |
| 2004 | 1.47x | $914.20 Million | $1.35 Billion | ▲ +27.3% |
| 2003 | 1.16x | $968.90 Million | $1.12 Billion | ▲ +25.8% |
| 2002 | 0.92x | $1.20 Billion | $1.11 Billion | ▼ -12.2% |
| 2001 | 1.05x | $680.60 Million | $713.60 Million | ▲ +17.7% |
| 2000 | 0.89x | $780.20 Million | $695.30 Million | ▼ -10.4% |
| 1999 | 1.00x | $726.30 Million | $722.70 Million | ▼ -42.1% |
| 1998 | 1.72x | $292.40 Million | $502.30 Million | ▼ -20.0% |
| 1996 | 2.15x | $327.20 Million | $702.80 Million | ▲ +86.8% |
| 1995 | 1.15x | $460.00 Million | $528.90 Million | ▲ +36.0% |
| 1994 | 0.85x | $498.40 Million | $421.40 Million | ▼ -8.2% |
| 1993 | 0.92x | $419.70 Million | $386.70 Million | ▲ +87.5% |
| 1992 | 0.49x | $619.30 Million | $304.30 Million | ▼ -22.9% |
| 1991 | 0.64x | $397.00 Million | $253.10 Million | ▲ +55.9% |
| 1990 | 0.41x | $565.30 Million | $231.10 Million | ▼ -0.9% |
| 1989 | 0.41x | $491.20 Million | $202.60 Million | — |