CVS vs. PEN: CVS Health vs. Penumbra Stock Comparison

November 11, 2026

How do CVS Health (CVS) and Penumbra (PEN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CVS Health (CVS) and Penumbra (PEN) both fall under the Health Care Equipment & Services industry group, but CVS is classified in Health Care Providers & Services while PEN is classified in Health Care Equipment & Supplies.

Company profile comparison for CVS Health (CVS) and Penumbra (PEN)
Profile Item	CVS	PEN
Name	CVS Health Corporation Common Stock	Penumbra Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Services	Health Care Equipment
Market Capitalization	107.28 billion USD	12.58 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	September 18, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVS

PEN

GSPC

CVS Health (CVS) vs. Penumbra (PEN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CVS Health (CVS) and Penumbra (PEN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CVS Health (CVS) and Penumbra (PEN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Total Return (1Y)	11.41%	20.52%
Total Return (3Y, Annualized)	12.73%	20.38%
Total Return (5Y, Annualized)	1.70%	3.15%

Risk Profile

Drawdown History

CVS

PEN

GSPC

CVS Health (CVS) vs. Penumbra (PEN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CVS Health (CVS) and Penumbra (PEN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Volatility (1Y, Annualized)	34.14%	19.78%
Beta (5Y)	0.60	0.68
Max Drawdown (5Y)	-56.79%	-59.60%
Avg. Volume (3M)	8.60M	348.64K

Risk-Adjusted Performance

Risk-Return Positioning

CVS and PEN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Sharpe Ratio (1Y)	0.21	0.82
Sortino Ratio (1Y)	0.28	1.56

Profitability

ROE (TTM)

Both CVS Health (CVS) at 14.36% and Penumbra (PEN) at 10.67% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CVS

Health Care Equipment & Services industry group

14.36%

Max: 47.61%
CVS: 14.36%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

PEN

Health Care Equipment & Services industry group

10.67%

Max: 47.61%
Q3: 14.36%
PEN: 10.67%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Penumbra (PEN) at 10.06% retains a top-quartile share of revenue as profit, ahead of CVS Health (CVS) at 2.64%, which keeps about the industry-typical share.

CVS

Health Care Equipment & Services industry group

2.64%

Max: 29.35%
Q3: 9.33%
CVS: 2.64%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

PEN

Health Care Equipment & Services industry group

10.06%

Max: 29.35%
PEN: 10.06%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both CVS Health (CVS) at 2.72% and Penumbra (PEN) at 12.37% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVS

Health Care Equipment & Services industry group

2.72%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
CVS: 2.72%
Q1: -0.28%
Min: -16.29%

PEN

Health Care Equipment & Services industry group

12.37%

Max: 35.43%
Q3: 14.14%
PEN: 12.37%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
ROE (TTM)	14.36%	10.67%
ROA (TTM)	3.11%	6.28%
Net Margin (TTM)	2.64%	10.06%
Operating Margin (TTM)	2.72%	12.37%
Gross Margin (TTM)	13.72%	67.99%

Growth

Revenue Growth

Both CVS Health (CVS) at 7.85% and Penumbra (PEN) at 17.50% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Penumbra (PEN) at 1,155.56% delivers above-range EPS growth, while CVS Health (CVS) at -62.02% falls into the bottom quartile — a wide split in earnings momentum.

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Revenue Growth (YoY)	7.85%	17.50%
Revenue Growth (3Y CAGR)	7.63%	18.33%
EPS Growth (YoY)	-62.02%	1,155.56%
EPS Growth (3Y CAGR)	-24.73%	--

Financial Strength

Current Ratio (MRQ)

Penumbra (PEN) at 5.89 carries current ratio above its industry’s typical mid-range, while CVS Health (CVS) at 0.85 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CVS

Health Care Equipment & Services industry group

0.85

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
CVS: 0.85
Min: 0.30

PEN

Health Care Equipment & Services industry group

5.89

Max: 7.59
PEN: 5.89
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Penumbra (PEN) at 0.13 keeps leverage in the lower quartile, while CVS Health (CVS) at 0.93 sits in the higher-leverage quartile.

CVS

Health Care Equipment & Services industry group

0.93

Max: 1.88
CVS: 0.93
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

PEN

Health Care Equipment & Services industry group

0.13

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
PEN: 0.13
Min: 0.00

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Current Ratio (MRQ)	0.85	5.89
Debt / Equity (MRQ)	0.93	0.13
Net Debt / EBITDA	3.49	-2.22

Dividends

Dividend Yield (TTM)

Penumbra (PEN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile CVS Health (CVS) reports a yield of 3.27%, ranking against industry peers normally.

CVS

Health Care Equipment & Services industry group

3.27%

CVS: 3.27%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PEN

Health Care Equipment & Services industry group

0.00%

PEN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Penumbra (PEN) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile CVS Health (CVS) reports a payout of 30.89%, ranking against industry peers normally.

CVS

Health Care Equipment & Services industry group

30.89%

CVS: 30.89%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PEN

Health Care Equipment & Services industry group

0.00%

PEN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
Dividend Yield (TTM)	3.27%	0.00%
Dividend Payout Ratio (TTM)	30.89%	0.00%

Valuation

P/E Ratio (TTM)

CVS Health (CVS) at 9.74 sits in the cheaper P/E ratio quartile, while Penumbra (PEN) at 80.41 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

CVS

Health Care Equipment & Services industry group

9.74

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
CVS: 9.74
Min: 4.21

PEN

Health Care Equipment & Services industry group

80.41

PEN: 80.41
Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

CVS Health (CVS) at 0.26 looks cheap on sales in the lower P/S ratio quartile, while Penumbra (PEN) at 8.06 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CVS

Health Care Equipment & Services industry group

0.26

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
CVS: 0.26
Min: 0.03

PEN

Health Care Equipment & Services industry group

8.06

Max: 8.80
PEN: 8.06
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

CVS Health (CVS) at 1.33 looks cheap against book in the lower P/B ratio quartile, while Penumbra (PEN) at 7.95 carries a premium in the upper quartile — a clear price-to-book gap.

CVS

Health Care Equipment & Services industry group

1.33

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
CVS: 1.33
Min: -1.31

PEN

Health Care Equipment & Services industry group

7.95

Max: 11.68
PEN: 7.95
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

CVS Health (CVS) vs. Penumbra (PEN): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for CVS Health (CVS) and Penumbra (PEN)
Metric	CVS	PEN
P/E Ratio (TTM)	9.74	80.41
P/S Ratio (TTM)	0.26	8.06
P/B Ratio (MRQ)	1.33	7.95
Free Cash Flow Yield (TTM)	11.02%	1.32%