CVS Health Corp (CVS) — Tangible Net Worth Ratio
CVS Health Corp (CVS) has a Tangible Net Worth Ratio of 66.2% as of December 2025. This metric is calculated by deducting intangible assets ($25.51 Billion) from net assets ($75.38 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See CVS working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
CVS Health Corp Tangible Net Worth Ratio (1985–2025)
This chart shows how CVS Health Corp's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at 66.2%, reflecting net assets of $75.38 Billion with intangible assets of $25.51 Billion USD. See CVS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for CVS Health Corp (1985–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for CVS Health Corp from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see how much is CVS Health Corp worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 66.2% | $75.38 Billion | $25.51 Billion | $261.06 Billion | ▲ +2.2 pp |
| 2024 | 63.9% | $75.73 Billion | $27.32 Billion | $253.22 Billion | ▲ +2.1 pp |
| 2023 | 61.9% | $76.64 Billion | $29.23 Billion | $249.73 Billion | ▼ -3.6 pp |
| 2022 | 65.4% | $71.77 Billion | $24.80 Billion | $228.28 Billion | ▲ +3.9 pp |
| 2021 | 61.5% | $75.38 Billion | $29.03 Billion | $233.00 Billion | ▲ +6.2 pp |
| 2020 | 55.3% | $69.70 Billion | $31.14 Billion | $230.72 Billion | ▲ +6.9 pp |
| 2019 | 48.4% | $64.17 Billion | $33.12 Billion | $222.45 Billion | ▲ +10.8 pp |
| 2018 | 37.6% | $58.54 Billion | $36.52 Billion | $196.46 Billion | ▼ -26.2 pp |
| 2017 | 63.8% | $37.70 Billion | $13.63 Billion | $95.13 Billion | ▲ +0.5 pp |
| 2016 | 63.3% | $36.83 Billion | $13.51 Billion | $94.46 Billion | ▲ +0.6 pp |
| 2015 | 62.7% | $37.20 Billion | $13.88 Billion | $92.44 Billion | ▼ -11.6 pp |
| 2014 | 74.3% | $37.96 Billion | $9.77 Billion | $74.19 Billion | ▼ -0.6 pp |
| 2013 | 74.9% | $37.94 Billion | $9.53 Billion | $71.53 Billion | ▲ +0.8 pp |
| 2012 | 74.1% | $37.65 Billion | $9.75 Billion | $66.22 Billion | ▲ +0.0 pp |
| 2011 | 74.1% | $38.05 Billion | $9.87 Billion | $64.54 Billion | ▼ 0.0 pp |
| 2010 | 74.1% | $37.73 Billion | $9.78 Billion | $62.17 Billion | ▲ +2.4 pp |
| 2009 | 71.7% | $35.77 Billion | $10.13 Billion | $61.64 Billion | ▲ +1.9 pp |
| 2008 | 69.8% | $34.57 Billion | $10.45 Billion | $60.96 Billion | ▲ +3.1 pp |
| 2007 | 66.7% | $31.32 Billion | $10.43 Billion | $54.72 Billion | ▼ -20.0 pp |
| 2006 | 86.7% | $9.92 Billion | $1.32 Billion | $20.57 Billion | ▲ +17.8 pp |
| 2005 | 68.9% | $8.33 Billion | $2.59 Billion | $15.28 Billion | ▲ +8.5 pp |
| 2004 | 60.4% | $6.99 Billion | $2.77 Billion | $14.55 Billion | ▼ -18.1 pp |
| 2003 | 78.5% | $6.02 Billion | $1.29 Billion | $10.54 Billion | ▲ +2.2 pp |
| 2002 | 76.3% | $5.20 Billion | $1.23 Billion | $9.65 Billion | ▲ +2.5 pp |
| 2001 | 73.9% | $4.57 Billion | $1.19 Billion | $8.64 Billion | ▼ -7.1 pp |
| 2000 | 81.0% | $4.30 Billion | $818.50 Million | $7.95 Billion | ▲ +0.2 pp |
| 1999 | 80.8% | $3.68 Billion | $706.90 Million | $7.28 Billion | ▲ +4.1 pp |
| 1998 | 76.7% | $3.11 Billion | $725.00 Million | $6.69 Billion | ▲ +3.9 pp |
| 1997 | 72.8% | $2.61 Billion | $711.50 Million | $5.98 Billion | ▲ +5.6 pp |
| 1996 | 67.1% | $2.20 Billion | $721.70 Million | $5.69 Billion | ▼ -21.0 pp |
| 1995 | 88.1% | $1.64 Billion | $195.60 Million | $3.96 Billion | ▲ +6.1 pp |
| 1994 | 82.0% | $2.49 Billion | $448.40 Million | $4.74 Billion | ▲ +0.9 pp |
| 1993 | 81.1% | $2.34 Billion | $443.70 Million | $4.27 Billion | ▲ +0.8 pp |
| 1992 | 80.3% | $2.18 Billion | $429.90 Million | $4.21 Billion | ▲ +1.3 pp |
| 1991 | 79.0% | $2.20 Billion | $461.30 Million | $4.09 Billion | ▲ +0.3 pp |
| 1990 | 78.7% | $1.96 Billion | $417.90 Million | $3.66 Billion | ▼ -3.9 pp |
| 1989 | 82.6% | $1.72 Billion | $300.10 Million | $3.03 Billion | ▲ +0.5 pp |
| 1988 | 82.0% | $1.71 Billion | $306.80 Million | $2.74 Billion | ▼ -8.0 pp |
| 1987 | 90.0% | $1.46 Billion | $145.40 Million | $2.23 Billion | ▼ -0.2 pp |
| 1986 | 90.2% | $1.26 Billion | $123.80 Million | $2.00 Billion | ▲ +1.8 pp |
| 1985 | 88.4% | $1.10 Billion | $127.40 Million | $1.81 Billion | — |