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
+11.3%
EPS
+157.1%
Free cash flow
+35.6%
Total debt
−6.91%

Quarter to September 2026, against a year earlier

24.95 1.27 +5.36%
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

Elanco Animal Health Incorporated (ELAN) Gross margin

Alert me on Gross margin

Elanco Animal Health Incorporated's gross margin over the twelve months to 30 September 2026 was 56.2%, up 1.2 percentage points from fiscal 2025 (55.0%). Over the past ten years it has ranged from 47.3% (fiscal 2015) to 56.6% (fiscal 2022); the current reading is higher than 73% of that period. That is in line with the Drug Manufacturers Specialty & Generic industry median of 53.5% and in line with the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 55.0% 0.11
FY2024 54.9% (1.40)
FY2023 56.3% (0.35)
FY2022 56.6% 1.38
FY2021 55.3% 6.21
FY2020 49.0% (3.09)
FY2019 52.1% 3.45
FY2018 48.7% 0.39
FY2017 48.3% (3.35)
FY2016 51.6% 4.36

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 56.9% (1.41)
Jun 2026 58.3% 1.07
Mar 2026 57.3% 5.77
Dec 2025 51.5% (1.90)
32 more quarters

Against its own ten years

Low 47.3% High 56.6%
Ten-year median 52.1%
Current reading's percentile 75

Gross margin against peers

Company Gross margin
NBIX Neurocrine Biosciences, Inc. compare 97.8%
KNSA Kiniksa Pharmaceuticals International, plc compare 90.2%
ALKS Alkermes plc compare 82.9%
HIMS Hims & Hers Health, Inc. compare 68.4%
LNTH Lantheus Holdings, Inc. compare 61.3%
ELAN Elanco Animal Health Incorporated 55.4%
RDY Dr. Reddy's Laboratories Ltd compare 49.2%
AMRX AMNEAL PHARMACEUTICALS, INC. compare 40.2%
VTRS Viatris Inc. compare 35.3%
Drug Manufacturers Specialty & Generic industry median 53.5%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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