D. Petruzzi
Research expert covering Cosmetics, Personal Care, Health & Hygiene industries.
CVS Health - statistics & facts
Founded in 2007 through a merger between CVS Pharmacy and Caremark Rx, CVS Health is the largest company that has operations solely in the United States, operating close to 10,000 stores throughout the country. In 2021, U.S. pharmacies and drug stores generated over 320 billion U.S. dollars in sales. In 2021, CVS Health generated about 93 billion retail sales, second only to Walgreens in the drug store segment.That same year, over 6.47 billion medical prescriptions were dispensed throughout the United States.
Key company figures
Pharmacy services are the most profitable segment of CVS Health, registering revenues of about 142 billion U.S. dollars as of 2022. Over the years, the company's net income has fluctuated, and peaked at approximately eight billion U.S. dollars in 2021. Meanwhile, CVS Health's global brand value amounted to over 30.5 billion U.S. dollars in 2023, the highest value recorded. The brand ranks among the most trusted by U.S. consumers, as stated by over 50 percent of respondents taking part in a 2022 survey. Moreover, in the same year, it was listed in a ranking of the most well-known online pharmacies in the North American country.Competitors
In the drug store and pharmacy retail segment, Walgreens Boots Alliance is the leading name in the United States. The company, which is active not only in the U.S. but also in other key international markets such as the United Kingdom, generated a gross profit of 28 billion U.S. dollars in the most recently reported year. Pharmacy sales made up nearly 75 percent of Walgreens' sales in that same year, with retail products covering about 26 percent of sales. Other competitors include Rite Aid, which generated a revenue of approximately 24 billion U.S. dollars during fiscal year 2023.
