CVS Health Corp (CVS) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.59x

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. Check how high is CVS Health Corp's earnings quality to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.59x
(Capex + Investments) / Operating CF

Total Reinvested

$2.01 Billion
Capex + Investments

Operating Cash Flow

$3.39 Billion
USD

Capital Expenditures

$784.00 Million
USD

CVS Health Corp Cash Flow Reinvestment Rate (1989–2025)

Historical reinvestment intensity for CVS Health Corp across 36 annual periods. Explore CVS Health Corp long-term investment intensity to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for CVS Health Corp (1989–2025)

Year-by-year capital reinvestment analysis for CVS Health Corp. For live market cap and broader valuation context, see how much is CVS Health Corp worth.

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
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow