CVS vs. VEEV: CVS Health vs. Veeva Systems Stock Comparison

November 11, 2026

How do CVS Health (CVS) and Veeva Systems (VEEV) 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 Veeva Systems (VEEV) both fall under the Health Care Equipment & Services industry group, but CVS is classified in Health Care Providers & Services while VEEV is classified in Health Care Technology.

Company profile comparison for CVS Health (CVS) and Veeva Systems (VEEV)
Profile Item	CVS	VEEV
Name	CVS Health Corporation Common Stock	Veeva Systems 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 Technology
GICS Sub-Industry	Health Care Services	Health Care Technology
Market Capitalization	107.28 billion USD	49.18 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	October 16, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVS

VEEV

GSPC

CVS Health (CVS) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CVS Health (CVS) and Veeva Systems (VEEV)
Metric	CVS	VEEV
Total Return (1Y)	11.41%	3.92%
Total Return (3Y, Annualized)	12.73%	22.52%
Total Return (5Y, Annualized)	1.70%	-0.87%

Risk Profile

Drawdown History

CVS

VEEV

GSPC

CVS Health (CVS) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CVS Health (CVS) and Veeva Systems (VEEV)
Metric	CVS	VEEV
Volatility (1Y, Annualized)	34.14%	43.36%
Beta (5Y)	0.60	0.88
Max Drawdown (5Y)	-56.79%	-52.79%
Avg. Volume (3M)	8.60M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

CVS and VEEV 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 Veeva Systems (VEEV)
Metric	CVS	VEEV
Sharpe Ratio (1Y)	0.21	-0.01
Sortino Ratio (1Y)	0.28	-0.01

Profitability

ROE (TTM)

Veeva Systems (VEEV) at 14.43% sits in the top ROE quartile, while CVS Health (CVS) at 14.36% is closer to the peer norm — stronger capital efficiency for VEEV.

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%

VEEV

Health Care Equipment & Services industry group

14.43%

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

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

Net Margin (TTM)

Veeva Systems (VEEV) at 29.35% 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%

VEEV

Health Care Equipment & Services industry group

29.35%

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

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

Operating Margin (TTM)

Veeva Systems (VEEV) at 29.64% operates in the top operating margin quartile, ahead of CVS Health (CVS) at 2.72%, which runs around its industry’s norm.

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%

VEEV

Health Care Equipment & Services industry group

29.64%

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for CVS Health (CVS) and Veeva Systems (VEEV)
Metric	CVS	VEEV
ROE (TTM)	14.36%	14.43%
ROA (TTM)	3.11%	7.58%
Net Margin (TTM)	2.64%	29.35%
Operating Margin (TTM)	2.72%	29.64%
Gross Margin (TTM)	13.72%	74.96%

Growth

Revenue Growth

Both CVS Health (CVS) at 7.85% and Veeva Systems (VEEV) at 16.34% 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. Veeva Systems (VEEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Veeva Systems (VEEV) at 25.93% is around its peer norm for EPS growth, while CVS Health (CVS) at -62.02% drops into the bottom quartile, signaling weaker earnings momentum.

CVS Health (CVS) vs. Veeva Systems (VEEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CVS Health (CVS) and Veeva Systems (VEEV)
Metric	CVS	VEEV
Revenue Growth (YoY)	7.85%	16.34%
Revenue Growth (3Y CAGR)	7.63%	14.03%
EPS Growth (YoY)	-62.02%	25.93%
EPS Growth (3Y CAGR)	-24.73%	21.94%

Financial Strength

Current Ratio (MRQ)

Veeva Systems (VEEV) at 5.46 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

VEEV

Health Care Equipment & Services industry group

5.46

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

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

Debt / Equity (MRQ)

Veeva Systems (VEEV) at 0.02 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

VEEV

Health Care Equipment & Services industry group

0.02

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

CVS Health (CVS) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV)
Metric	CVS	VEEV
Current Ratio (MRQ)	0.85	5.46
Debt / Equity (MRQ)	0.93	0.02
Net Debt / EBITDA	3.49	-6.59

Dividends

Dividend Yield (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for CVS Health (CVS) and Veeva Systems (VEEV)
Metric	CVS	VEEV
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 Veeva Systems (VEEV) at 49.79 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

VEEV

Health Care Equipment & Services industry group

49.79

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

CVS Health (CVS) vs. Veeva Systems (VEEV): 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 sits in the cheaper P/S ratio quartile while Veeva Systems (VEEV) at 14.22 prices above its industry range — a wide gap in sales valuation between them.

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

VEEV

Health Care Equipment & Services industry group

14.22

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

CVS Health (CVS) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV) at 6.61 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

VEEV

Health Care Equipment & Services industry group

6.61

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

CVS Health (CVS) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV)
Metric	CVS	VEEV
P/E Ratio (TTM)	9.74	49.79
P/S Ratio (TTM)	0.26	14.22
P/B Ratio (MRQ)	1.33	6.61
Free Cash Flow Yield (TTM)	11.02%	2.56%