Eli Lilly and Company

LLY Healthcare Drug Manufacturers General

Eli Lilly and Company’s revenue for fiscal 2025 (year ended December 2025) was $65.2 billion, up 44.7% from fiscal 2024.

Revenue
+38.6%
EPS
+16.3%
Free cash flow
+21.8%
Total debt
+15.0%

Quarter to September 2026, against a year earlier

1,370.24 47.75 −3.37%
Market cap
$1.28T
P/E
44.5×
Fwd P/E
41.5×
Dividend yield
0.49%
F-score
7/9
Altman Z
8.61
Beneish M
−1.91
Dividend safety
86/100

Eli Lilly and Company (LLY) Operating margin

Alert me on Operating margin

Eli Lilly and Company's operating margin over the twelve months to 30 September 2026 was 40.3%, down 0.1 percentage points from fiscal 2025 (40.4%). Over the past ten years it has ranged from 10.0% (fiscal 2017) to 40.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Drug Manufacturers General industry median of 18.3% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 40.4% 11.71
FY2024 28.6% 9.72
FY2023 18.9% (6.05)
FY2022 25.0% 2.52
FY2021 22.5% (2.24)
FY2020 24.7% 2.40
FY2019 22.3% 5.85
FY2018 16.4% 6.41
FY2017 10.0% (5.34)
FY2016 15.4% 1.90

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 36.5% (2.56)
Jun 2026 39.1% (5.95)
Mar 2026 45.0% 3.51
Dec 2025 41.5% (2.40)
43 more quarters

Against its own ten years

Low 10.0% High 40.4%
Ten-year median 22.3%
Current reading's percentile 93

Operating margin against peers

Company Operating margin
LLY Eli Lilly and Company 40.3%
AMGN Amgen Inc. compare 32.4%
ABBV AbbVie Inc. compare 32.2%
NVS Novartis AG compare 25.2%
AZN AstraZeneca PLC compare 23.7%
PFE Pfizer Inc. compare 21.4%
JNJ Johnson & Johnson compare 19.7%
MRK Merck & Co., Inc. compare 9.20%
GILD Gilead Sciences, Inc. compare −7.63%
Drug Manufacturers General industry median 18.3%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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