CVS Historical Income Statement

CVS Stock  USD 79.43  0.11  0.14%   
Historical analysis of CVS Health income statement accounts such as Interest Expense of 2.8 B, Selling General Administrative of 45.2 B or Total Revenue of 375.7 B can show how well CVS Health Corp performed in making a profits. Evaluating CVS Health income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CVS Health's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining CVS Health Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CVS Health Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

About CVS Income Statement Analysis

CVS Health Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CVS Health shareholders. The income statement also shows CVS investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

CVS Health Income Statement Chart

CVS Health Corp Income Statement is one of the three primary financial statements used for reporting CVS's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CVS Health Corp revenue and expense. CVS Health Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CVS Health's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 41.8 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (2.4 B).

Total Revenue

Total revenue comprises all receipts CVS Health Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CVS Health Corp. It is also known as CVS Health overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from CVS Health's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CVS Health Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
At this time, CVS Health's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 41.8 B in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (2.4 B).
 2021 2022 2023 2024 (projected)
Operating Income13.2B16.3B13.7B14.4B
Other Operating Expenses277.1B306.4B601.0B631.0B

CVS Health income statement Correlations

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CVS Health Account Relationship Matchups

CVS Health income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization4.5B4.6B6.5B4.2B4.4B4.6B
Interest Expense3.0B2.9B2.5B2.3B2.7B2.8B
Selling General Administrative32.2B34.5B36.2B37.5B43.1B45.2B
Total Revenue256.8B268.7B292.1B322.5B357.8B375.7B
Gross Profit45.5B49.0B52.0B54.3B(203.4B)(193.2B)
Other Operating Expenses244.8B254.8B277.1B306.4B601.0B631.0B
Operating Income12.0B13.9B13.2B16.3B13.7B14.4B
Ebit12.0B13.9B13.2B16.3B13.7B14.4B
Ebitda16.5B18.6B19.7B20.5B13.7B14.4B
Cost Of Revenue211.2B219.7B240.1B268.2B561.1B589.2B
Total Operating Expenses33.5B35.1B37.1B38.2B39.8B41.8B
Income Before Tax9.0B9.8B10.4B5.6B11.2B11.7B
Total Other Income Expense Net(3.0B)(4.1B)(2.8B)(10.6B)(2.6B)(2.4B)
Net Income6.6B7.2B8.0B4.3B8.3B8.8B
Income Tax Expense2.4B2.6B2.5B1.5B2.8B2.9B
Net Income Applicable To Common Shares6.6B7.2B7.9B4.1B4.8B3.7B
Non Operating Income Net Other45M(1.2B)(270M)169M194.4M204.1M
Tax Provision2.4B2.6B2.5B1.5B2.8B2.0B
Interest Income3.0B2.9B2.5B2.3B2.6B2.0B
Net Interest Income(3.0B)(2.9B)(2.5B)(2.3B)(2.7B)(2.8B)
Reconciled Depreciation4.4B4.4B4.5B4.2B4.4B4.3B

CVS Health Investors Sentiment

The influence of CVS Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CVS. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CVS Health's public news can be used to forecast risks associated with an investment in CVS. The trend in average sentiment can be used to explain how an investor holding CVS can time the market purely based on public headlines and social activities around CVS Health Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CVS Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CVS Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CVS Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CVS Health.

CVS Health Implied Volatility

    
  26.34  
CVS Health's implied volatility exposes the market's sentiment of CVS Health Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if CVS Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that CVS Health stock will not fluctuate a lot when CVS Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CVS Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CVS Health's short interest history, or implied volatility extrapolated from CVS Health options trading.

Pair Trading with CVS Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.

Moving against CVS Stock

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The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.
The correlation of CVS Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
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Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
2.42
Earnings Share
6.47
Revenue Per Share
277.528
Quarterly Revenue Growth
0.12
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.