CVS Health (CVS Health) Gross Profit

: $54,431 Mil (TTM As of Dec. 2023)

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CVS Health's gross profit for the three months ended in Dec. 2023 was $13,876 Mil. CVS Health's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $54,431 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. CVS Health's gross profit for the three months ended in Dec. 2023 was $13,876 Mil. CVS Health's Revenue for the three months ended in Dec. 2023 was $93,813 Mil. Therefore, CVS Health's Gross Margin % for the quarter that ended in Dec. 2023 was 14.79%.

CVS Health had a gross margin of 14.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of CVS Health was 18.25%. The lowest was 15.21%. And the median was 17.11%.

Warning Sign:

CVS Health Corp gross margin has been in long-term decline. The average rate of decline per year is -1.4%.

CVS Health Gross Profit Historical Data

The historical data trend for CVS Health's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CVS Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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45,528.00

49,046.00

52,120.00

54,502.00

54,431.00

CVS Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															13,859.00	13,375.00	13,603.00	13,577.00	13,876.00

Competitive Comparison

For the Healthcare Plans subindustry, CVS Health's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CVS Health Gross Profit Distribution

For the Healthcare Plans industry and Healthcare sector, CVS Health's Gross Profit distribution charts can be found below:

* The bar in red indicates where CVS Health's Gross Profit falls into.

CVS Health Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

CVS Health's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	357776	-	303345
	=	54,431

CVS Health's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	93813	-	79937
	=	13,876

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $54,431 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

CVS Health's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	13,876	/	93813
	=	14.79 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

CVS Health (NYSE:CVS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

CVS Health had a gross margin of 14.79% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

CVS Health Gross Profit Related Terms

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CVS Health (CVS Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » CVS Health Corp (NYSE:CVS) » Definitions » Gross Profit

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Address

One CVS Drive, Woonsocket, RI, USA, 02895

Website

https://www.cvshealth.com

CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

Executives

Edward J Ludwig	director	C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417
Michael F Mahoney	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Thomas F. Cowhey	officer: SVP, Interim CFO	310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
J Scott Kirby	director	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Brian A Kane	officer: EVP/President, Aetna	500 W MAIN STREET, LOUISVILLE KY 40202
James David Clark	officer: SVP, Cont & Chief Acct Officer	ONE CVS DRIVE, WOONSOCKET RI 02760
Karen S Lynch	officer: EVP & Pres, Aetna Bus Unit	151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156
Samrat S. Khichi	officer: EVP, CPO and General Counsel	C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
Thomas M Moriarty	officer: EVP & General Counsel	100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417
Jeffrey R. Balser	director	3657 RICHLAND AVE., NASHVILLE TN 37205
Alan Lotvin	officer: EVP, Transformation	55 NOD ROAD, AVON CT 06001
Daniel P Finke	officer: EVP/Pres, Health Care Benefits	ONE CVS DRIVE, WOONSOCKET RI 02895
Tilak Mandadi	officer: EVP, Chief Technology Officer	3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Sreekanth K Chaguturu	officer: EVP and Chief Medical Officer	ONE CVS DRIVE, WOONSOCKET RI 02895
Prem S Shah	officer: EVP and Co-President of Retail	ONE CVS DRIVE, WOONSOCKET RI 02895