As of Q4'25, CVS reported a gross margin of 12.8%, an operating margin of 2.0%, and a net profit margin of 2.8%. These figures indicate a modest recovery in profitability compared to the previous quarter, particularly in net profit margin, which rebounded from a negative value in Q3'25. Over the period from Q1'23 to Q4'25, all three margin metrics have exhibited a general downward trend, with intermittent volatility. Gross margin declined from 15.7% in Q1'23 to 12.8% in Q4'25, while operating margin fluctuated, notably dropping to -3.1% in Q3'25 before recovering. Net profit margin also saw significant swings, reaching a low of -3.9% in Q3'25, but ending the period with a positive uptick. This pattern suggests ongoing margin pressure, with occasional quarters of sharper deterioration and partial recoveries.