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Elanco Animal Health Incorporated

ELAN Healthcare Drug Manufacturers Specialty & Generic

Elanco Animal Health Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 6.22% from fiscal 2024.

Revenue
+10.2%
EPS
+450.0%
Free cash flow
+35.6%
Total debt
−6.91%

Quarter to June 2026, against a year earlier

23.74 1.57 −6.20%
Market cap
$11.8B
P/E
0.0×
Fwd P/E
161×
Dividend yield
—
F-score
5/9
Altman Z
1.28
Beneish M
−2.68
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Elanco Animal Health Incorporated (ELAN) Debt to equity

Alert me on Debt to equity

Elanco Animal Health Incorporated's debt to equity at the end of the quarter to 30 June 2026 was 0.6×, down 0.0× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.0× (fiscal 2017) to 0.9× (fiscal 2023); the current reading is higher than 55% of that period. That is above the Drug Manufacturers Specialty & Generic industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× (13.43%)
FY2024 0.7× (23.60%)
FY2023 0.9× 15.87%
FY2022 0.8× (4.86%)
FY2021 0.8× 16.42%
FY2020 0.7× 70.25%
FY2019 0.4× (10.74%)
FY2018 0.5× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.6× (3.14%)
Mar 2026 0.6× 0.07%
Dec 2025 0.6× 2.92%
Sep 2025 0.6× (4.04%)
33 more quarters

Against its own ten years

Low 0.0× High 0.9×
Ten-year median 0.6×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
NBIX Neurocrine Biosciences, Inc. compare 0.0×
KNSA Kiniksa Pharmaceuticals International, plc compare 0.0×
VTRS Viatris Inc. compare 0.1×
RDY Dr. Reddy's Laboratories Ltd compare 0.2×
LNTH Lantheus Holdings, Inc. compare 0.4×
ELAN Elanco Animal Health Incorporated 0.6×
ALKS Alkermes plc compare 0.8×
HIMS Hims & Hers Health, Inc. compare 4.2×
AMRX AMNEAL PHARMACEUTICALS, INC. compare 6.0×
Drug Manufacturers Specialty & Generic industry median 0.0×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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