CVS Health Corp (CVS) — Capital Reinvestment Ratio
Latest as of December 2025:
0.23x
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 how much free cash does CVS Health Corp generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.23x
Capex / Operating Cash Flow
Operating Cash Flow
$3.39 Billion
USD
Capital Expenditures
$784.00 Million
USD
Data as of
Dec 2025
Most recent filing
CVS Health Corp Capital Reinvestment Ratio (1989–2025)
This chart tracks CVS Health Corp's Capital Reinvestment Ratio across 36 annual periods.
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 CVS market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow