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). Check how tangible is CVS Health Corp's equity to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see cash flow conversion of CVS Health Corp.
Annual Capital Reinvestment Ratio for CVS Health Corp (1989–2025)
Year-by-year Capital Reinvestment Ratio for CVS Health Corp from 1989 to 2025. See CVS Health Corp (CVS) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |