CVS Health Corp (CVS) — Free Cash Flow Generation Index
Latest as of December 2025:
0.77x
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). See CVS net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.77x
Free Cash Flow / Operating CF
Free Cash Flow
$2.61 Billion
USD
Operating Cash Flow
$3.39 Billion
USD
Capital Expenditures
$784.00 Million
USD
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 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
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 stock valuation.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).