CVS Health Corp (CVS) — Free Cash Flow Generation Index
CVS Health Corp (CVS) has a Free Cash Flow Generation Index of 0.77x as of December 2025. Free cash flow of $2.61 Billion represents 1% of operating cash flow ($3.39 Billion). Read CVS total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
CVS Health Corp Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for CVS Health Corp across 36 annual periods. Explore CVS Health Corp capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for CVS Health Corp (1989–2025)
Year-by-year Free Cash Flow Generation Index for CVS Health Corp. For the full company profile including market capitalisation, see CVS Health Corp (CVS) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.73x | $7.81 Billion | $10.64 Billion | $2.83 Billion | ▲ +5.6% |
| 2024 | 0.69x | $6.33 Billion | $9.11 Billion | $2.78 Billion | ▼ -10.3% |
| 2023 | 0.77x | $10.39 Billion | $13.43 Billion | $3.03 Billion | ▼ -6.9% |
| 2022 | 0.83x | $13.45 Billion | $16.18 Billion | $2.73 Billion | ▼ -3.6% |
| 2021 | 0.86x | $15.74 Billion | $18.27 Billion | $2.52 Billion | ▲ +1.8% |
| 2020 | 0.85x | $13.43 Billion | $15.87 Billion | $2.44 Billion | ▲ +4.7% |
| 2019 | 0.81x | $10.39 Billion | $12.85 Billion | $2.46 Billion | ▲ +5.0% |
| 2018 | 0.77x | $6.83 Billion | $8.87 Billion | $2.04 Billion | ▲ +1.3% |
| 2017 | 0.76x | $6.09 Billion | $8.01 Billion | $1.92 Billion | ▼ -2.6% |
| 2016 | 0.78x | $7.92 Billion | $10.14 Billion | $2.22 Billion | ▲ +8.0% |
| 2015 | 0.72x | $6.17 Billion | $8.54 Billion | $2.37 Billion | ▼ -2.0% |
| 2014 | 0.74x | $6.00 Billion | $8.14 Billion | $2.14 Billion | ▲ +12.3% |
| 2013 | 0.66x | $3.80 Billion | $5.78 Billion | $1.98 Billion | ▼ -5.6% |
| 2012 | 0.70x | $4.64 Billion | $6.67 Billion | $2.03 Billion | ▲ +2.3% |
| 2011 | 0.68x | $3.98 Billion | $5.86 Billion | $1.87 Billion | ▲ +17.2% |
| 2010 | 0.58x | $2.77 Billion | $4.78 Billion | $2.00 Billion | ▲ +57.5% |
| 2009 | 0.37x | $1.49 Billion | $4.04 Billion | $2.55 Billion | ▼ -17.7% |
| 2008 | 0.45x | $1.77 Billion | $3.95 Billion | $2.18 Billion | ▲ +1.5% |
| 2007 | 0.44x | $1.42 Billion | $3.23 Billion | $1.81 Billion | ▲ +2999.8% |
| 2006 | -0.02x | $-26.50 Million | $1.74 Billion | $1.77 Billion | ▼ -121.0% |
| 2005 | 0.07x | $116.70 Million | $1.61 Billion | $1.50 Billion | ▲ +115.3% |
| 2004 | -0.47x | $-433.50 Million | $914.20 Million | $1.35 Billion | ▼ -200.7% |
| 2003 | -0.16x | $-152.80 Million | $968.90 Million | $1.12 Billion | ▼ -297.9% |
| 2002 | 0.08x | $96.00 Million | $1.20 Billion | $1.11 Billion | ▲ +264.3% |
| 2001 | -0.05x | $-33.00 Million | $680.60 Million | $713.60 Million | ▼ -144.6% |
| 2000 | 0.11x | $84.90 Million | $780.20 Million | $695.30 Million | ▲ +2095.4% |
| 1999 | 0.00x | $3.60 Million | $726.30 Million | $722.70 Million | ▲ +100.7% |
| 1998 | -0.72x | $-209.90 Million | $292.40 Million | $502.30 Million | ▲ +37.5% |
| 1996 | -1.15x | $-375.60 Million | $327.20 Million | $702.80 Million | ▼ -666.4% |
| 1995 | -0.15x | $-68.90 Million | $460.00 Million | $528.90 Million | ▼ -197.0% |
| 1994 | 0.15x | $77.00 Million | $498.40 Million | $421.40 Million | ▲ +96.5% |
| 1993 | 0.08x | $33.00 Million | $419.70 Million | $386.70 Million | ▼ -84.5% |
| 1992 | 0.51x | $315.00 Million | $619.30 Million | $304.30 Million | ▲ +40.3% |
| 1991 | 0.36x | $143.90 Million | $397.00 Million | $253.10 Million | ▼ -38.7% |
| 1990 | 0.59x | $334.20 Million | $565.30 Million | $231.10 Million | ▲ +0.6% |
| 1989 | 0.59x | $288.60 Million | $491.20 Million | $202.60 Million | — |