Cigna vs CVS Health
CVS Health is the larger business, with $402.07bn of revenue in fiscal 2025 against $274.90bn for Cigna (1.5 times as much). Cigna grew faster (11.2% against 7.8%). Cigna kept more of each dollar of sales as profit: a net margin of 2.2% against 0.4%.
| Latest fiscal year | CignaCI, 2025 | CVS HealthCVS, 2025 |
|---|---|---|
| Revenue | $274.90bn | $402.07bn |
| Revenue growth | 11.2% | 7.8% |
| Net income | $5.96bn | $1.77bn |
| Operating margin | 3.3% | — |
| Net margin | 2.2% | 0.4% |
| Return on equity | 14.4% | 2.3% |
| Free cash flow | $9.60bn | $7.81bn |
| Cash | $7.68bn | $8.45bn |
| Total debt | $31.46bn | $64.57bn |
| Debt to equity | 75.4% | — |
| Dividend per share | $6.04 | $2.66 |
| Dividend yield | 2.1% | 3.0% |
| Share buybacks | $3.62bn | $0 |
| Employees | 67,700 | 300,000 |
| Market value | $77.77bn | $113.12bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 57 (Moderate) | 39 (Weak) |
| Insider trades, 12 months | 1 buys, 19 sales | 0 buys, 8 sales |