Nina Jobst
Research expert covering South Korea
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 over 9,000 stores throughout the country. In 2022, U.S. pharmacies and drug stores generated over 336 billion U.S. dollars in sales. Meanwhile, in 2023, CVS Health generated about 114 billion retail sales, becoming the leading drugstore in the United States. Walgreens followed in the ranking.
Given their essential role in providing both pharmaceutical and personal care products, drugstores remain a leading shopping destination for consumers. CVS Health is well-positioned to maintain its relevance and continue thriving in this competitive landscape.
Key company figures
Pharmacy services are the most profitable segment of CVS Health, registering revenues of about 187 billion U.S. dollars in 2023. Over the years, the company's net income has fluctuated, and peaked at approximately 8.4 billion U.S. dollars in 2023. Meanwhile, CVS Health's global brand value amounted to over 30 billion U.S. dollars. Moreover, the brand it was recently 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 one of the leading names 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 27 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.Given their essential role in providing both pharmaceutical and personal care products, drugstores remain a leading shopping destination for consumers. CVS Health is well-positioned to maintain its relevance and continue thriving in this competitive landscape.
