Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$130B
P/E ratio
44×
Div yield
2.6%
Adj. EPS
$6.75
GAAP EPS
$1.39
Rev. growth
+7.8%
Revenue
$402B
Op. cash flow
$10.6B
In plain English
CVS Health is three healthcare businesses fused into one chain: Aetna, a giant health insurer covering ~27M members; Caremark, the largest US pharmacy-benefit manager that negotiates drug prices and processes ~1.9B claims a year; and a retail pharmacy network of ~9,000 stores that fills ~1.8B prescriptions. Money flows in as insurance premiums and flows out to pay for the medicines, doctors and care its own members use — a vertically integrated bet that owning the payer, the PBM and the pharmacy lets it control cost.
In simple terms
A healthcare chain that pays for itself
Unlike a drugmaker, CVS sits in the middle of the money: manufacturers and wholesalers send drugs in, Caremark negotiates their price, Aetna collects premiums from members and government, and CVS's own pharmacies and clinics deliver the care those premiums pay for. Owning every link is the whole strategy.
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