CVS Health vs DaVita
CVS Health reported revenue of $402.1 billion in fiscal 2025, 29.5 times DaVita's $13.6 billion in fiscal 2025. CVS Health's revenue grew 7.8% in its latest year, and DaVita's grew 6.5%. CVS Health had an operating margin of 1.2%, against 15.0% at DaVita. Free cash flow was $7.8 billion at CVS Health and $1.3 billion at DaVita.
Side by side
| CVS Health | DaVita | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $402.1B | $13.6B |
| Revenue growth | 7.8% | 6.5% |
| Revenue growth a year, last 5 years | 8.4% | 3.4% |
| Gross margin | 45.0% | — |
| Operating margin | 1.2% | 15.0% |
| Net margin | 0.4% | 5.5% |
| Free cash flow | $7.8B | $1.3B |
| Free cash flow margin | 1.9% | 9.6% |
| Return on capital | 2.9% | 17.6% |
| Net debt to EBITDA | 5.8x | 3.5x |
| Dividends and buybacks | $3.4B | $1.3B |
| Change in diluted share count | 0.7% | −13.1% |
| Last close | $92.53 | $184.03 |
| P/E at the last close | 24.4× | 15.1× |
| Insider trades, last 12 months | sold $323.7 million | sold $508.7 million |
| Piotroski F-score | 7 of 9 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CVS HealthDaVita
Operating margin
Percent of revenue
CVS HealthDaVita
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CVS HealthDaVita
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CVS Health and DaVita pages.