CVS Health (CVS) FY2025 10-K Annual Report

Filed: Feb 10, 2026
Consumer Discretionary
Retail-Drug Stores and Proprietary StoresSEC EDGAR

CVS Health (CVS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 10, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CVS Health FY2025 10-K Analysis

Business Overview

  • Core business risk focus on compliance with extensive laws, regulations, and contractual requirements in healthcare sectors
  • Increased litigation exposure due to vertical integration strategy and expanded healthcare services
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Management Discussion & Analysis

  • No revenue or profitability data disclosed in this MD&A section
  • Market valuation risk: $3.6B fair value decline in long-term debt with 100bp rate increase; no impact on operations
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Risk Factors

  • Opioid litigation risk: $320 million accrual increase for ongoing opioid litigation matters in 2025
  • Geopolitical/macroeconomic exposure: Medicare Advantage segment served 37 million people, sensitive to CMS policy changes
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CVS Health FY2025 Key Financial Metrics
XBRL

Revenue

$402.1B

+7.8% YoY

Net Income

$1.8B

-61.7% YoY

Operating Margin

1.2%

-113bp YoY

Net Margin

0.4%

-80bp YoY

ROE

2.4%

-376bp YoY

Total Assets

$253.5B

+0.1% YoY

EPS (Diluted)

$1.39

-62.0% YoY

Operating Cash Flow

$10.6B

+16.8% YoY

Source: XBRL data from CVS Health FY2025 10-K filing on SEC EDGAR. All figures in USD.

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