CVS Health Corp (CVS) — Cash Flow Reinvestment Rate
CVS Health Corp (CVS) has a Cash Flow Reinvestment Rate of 0.59x as of December 2025, reinvesting $2.01 Billion (capex $784.00 Million plus investments $-1.22 Billion) from operating cash flow of $3.39 Billion. See CVS Health Corp (CVS) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
CVS Health Corp Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for CVS Health Corp across 36 annual periods. For the full cash flow conversion analysis, see cash flow conversion of CVS Health Corp.
Annual Cash Flow Reinvestment Rate for CVS Health Corp (1989–2025)
Year-by-year capital reinvestment analysis for CVS Health Corp. See CVS Health Corp leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.51x | $5.46 Billion | $10.64 Billion | $2.83 Billion | ▼ -55.0% |
| 2024 | 1.14x | $10.39 Billion | $9.11 Billion | $2.78 Billion | ▼ -32.8% |
| 2023 | 1.70x | $22.80 Billion | $13.43 Billion | $3.03 Billion | ▲ +633.7% |
| 2022 | 0.23x | $3.74 Billion | $16.18 Billion | $2.73 Billion | ▼ -19.3% |
| 2021 | 0.29x | $5.24 Billion | $18.27 Billion | $2.52 Billion | ▼ -18.9% |
| 2020 | 0.35x | $5.61 Billion | $15.87 Billion | $2.44 Billion | ▲ +54.4% |
| 2019 | 0.23x | $2.94 Billion | $12.85 Billion | $2.46 Billion | ▼ -6.1% |
| 2018 | 0.24x | $2.16 Billion | $8.87 Billion | $2.04 Billion | ▼ -9.5% |
| 2017 | 0.27x | $2.16 Billion | $8.01 Billion | $1.92 Billion | ▲ +10.2% |
| 2016 | 0.24x | $2.48 Billion | $10.14 Billion | $2.22 Billion | ▼ -24.2% |
| 2015 | 0.32x | $2.75 Billion | $8.54 Billion | $2.37 Billion | ▲ +22.6% |
| 2014 | 0.26x | $2.14 Billion | $8.14 Billion | $2.14 Billion | ▼ -26.7% |
| 2013 | 0.36x | $2.07 Billion | $5.78 Billion | $1.98 Billion | ▲ +17.9% |
| 2012 | 0.30x | $2.03 Billion | $6.67 Billion | $2.03 Billion | ▼ -7.6% |
| 2011 | 0.33x | $1.93 Billion | $5.86 Billion | $1.87 Billion | ▼ -21.5% |
| 2010 | 0.42x | $2.01 Billion | $4.78 Billion | $2.00 Billion | ▼ -58.7% |
| 2009 | 1.02x | $4.11 Billion | $4.04 Billion | $2.55 Billion | ▲ +84.2% |
| 2008 | 0.55x | $2.18 Billion | $3.95 Billion | $2.18 Billion | ▼ -1.2% |
| 2007 | 0.56x | $1.81 Billion | $3.23 Billion | $1.81 Billion | ▼ -44.9% |
| 2006 | 1.02x | $1.77 Billion | $1.74 Billion | $1.77 Billion | ▲ +9.4% |
| 2005 | 0.93x | $1.50 Billion | $1.61 Billion | $1.50 Billion | ▼ -37.1% |
| 2004 | 1.47x | $1.35 Billion | $914.20 Million | $1.35 Billion | ▲ +27.3% |
| 2003 | 1.16x | $1.12 Billion | $968.90 Million | $1.12 Billion | ▲ +25.8% |
| 2002 | 0.92x | $1.11 Billion | $1.20 Billion | $1.11 Billion | ▼ -12.2% |
| 2001 | 1.05x | $713.60 Million | $680.60 Million | $713.60 Million | ▲ +17.7% |
| 2000 | 0.89x | $695.30 Million | $780.20 Million | $695.30 Million | ▼ -10.4% |
| 1999 | 1.00x | $722.70 Million | $726.30 Million | $722.70 Million | ▼ -42.1% |
| 1998 | 1.72x | $502.30 Million | $292.40 Million | $502.30 Million | ▼ -20.0% |
| 1996 | 2.15x | $702.80 Million | $327.20 Million | $702.80 Million | ▲ +86.8% |
| 1995 | 1.15x | $528.90 Million | $460.00 Million | $528.90 Million | ▲ +36.0% |
| 1994 | 0.85x | $421.40 Million | $498.40 Million | $421.40 Million | ▼ -8.2% |
| 1993 | 0.92x | $386.70 Million | $419.70 Million | $386.70 Million | ▲ +87.5% |
| 1992 | 0.49x | $304.30 Million | $619.30 Million | $304.30 Million | ▼ -22.9% |
| 1991 | 0.64x | $253.10 Million | $397.00 Million | $253.10 Million | ▲ +55.9% |
| 1990 | 0.41x | $231.10 Million | $565.30 Million | $231.10 Million | ▼ -0.9% |
| 1989 | 0.41x | $202.60 Million | $491.20 Million | $202.60 Million | — |