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Elanco Animal Health Inc. (ELAN)

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Elanco Animal Health Inc. (ELAN) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 10.2% on the same quarter a year earlier. Net income was $54 million, up 390.9% on the year, and diluted earnings per share $0.11. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.4 billionup 10.2%
Net income$54 millionup 390.9%
Diluted EPS$0.11
QuarterQ2 FY2026ended 30 June 2026

Elanco Animal Health (ELAN) in brief

Elanco Animal Health (ELAN) reported revenue of $4.7 billion for fiscal 2025, the year ended 31 December 2025, up 6.2% on the year before.
Read moreNet loss was $232 million and the diluted loss per share $0.47. Revenue was $4.4 billion in fiscal 2024, $4.4 billion in fiscal 2023, $4.4 billion in fiscal 2022 and $4.8 billion in fiscal 2021. Net income in the same years was $338 million, a loss of $1.2 billion, a loss of $78 million and a loss of $483 million. Over the twelve months to 30 June 2026, Elanco Animal Health reported revenue of $5.0 billion and net loss of $199 million. Revenue grew 7.6% a year, compounded, over the five years to fiscal 2025. Elanco Animal Health had 500 million shares outstanding at the latest filed count. At 30 June 2026 it carried $3.7 billion of debt and $530 million of cash. At the close of 8 October 2026 the market cap of Elanco Animal Health was $11.3 billion.

Ratios

From the filings

ROE-3.0%
ROCEn/a
Operating marginn/a
Net margin-4.0%
FCF margin7.5%
Interest covern/a
Debt to equity0.56
Cash conversionn/a
Share count, 1 year0.6%
Sales CAGR, 3 years2.2%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.41

At the close of 8 October 2026

Price$22.54
Market cap$11.3 billion
Stock P/En/a
Price to book1.71
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales2.24
52-week high$26.84
52-week low$19.76
Price, 1 year10.8%
Price CAGR, 3 years33.5%
Price CAGR, 5 years-7.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Elanco Animal Health Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ELANgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ELAN

Filings15 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 regulation fd disclosure; 1 shareholder vote; 1 exit or disposal costs; 1 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.33 by open interest at the 8 October 2026 close; the straddle prices a 5.2% move to 16 October 2026
13F holders9 of the followed funds hold it; largest Dodge & Cox; 11 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 11 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest31.8 million shares short, 6.28 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0681,0351,2051,1841,0301,0201,1931,2411,1371,1441,3711,368
Cost of revenue487516515495492501509528530555586570
Gross profit581519690689538519684713607589785798
Gross margin54%50%57%58%52%51%57%57%53%51%57%58%
R&D86.079.087.089.087.081.094.092.089.093.097.092.0
SG&A313292337354323300341400351338381449
Operating income-1,097-12712.0-32.0559-51.0n/an/an/an/an/an/a
Operating margin-103%-12%1%-3%54%-5%n/an/an/an/an/an/a
Interest expense72.067.066.065.058.0n/an/an/an/an/an/an/a
Pre-tax income-1,097-12712.0-32.0559-51.060.025.0-50.0-25987.056.0
Tax raten/an/a-167%n/a35%n/a-12%56%n/an/a34%4%
Net income-1,096-14132.0-50.0364-8.067.011.0-34.0-27657.054.0
Net margin-103%-14%3%-4%35%-1%6%1%-3%-24%4%4%
Diluted EPS-$2.22-$0.29$0.06-$0.10$0.73-$0.02$0.13$0.02-$0.07-$0.56$0.11$0.11
Operating cash flow1981572.0200162177-4.023721910813.0277
Capital expenditure33.041.024.034.042.047.065.057.092.062.051.033.0
Free cash flow165116-22.0166120130-69.018012746.0-38.0244
Shares outstanding493m493m494m494m494m494m496m497m497m497m499m500m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue2,9142,8893,0673,0713,2734,7654,4114,4174,4394,7155,020
Cost of revenue1,4091,4941,5741,4701,6672,1341,9131,9312,0032,1222,241
Gross profit1,5041,3951,4931,6011,6072,6312,4982,4862,4362,5932,779
Gross margin51.6%48.3%48.7%52.1%49.1%55.2%56.6%56.3%54.9%55.0%55.4%
Research and development266252247270329369321327344368371
Selling, general and administrative7857807357609971,4041,2651,2851,3141,4301,519
Operating income-22.4-23311478.2-672-567-72.0-1,195488n/an/a
Operating margin-0.8%-8.1%3.7%2.5%-20.5%-11.9%-1.6%-27.1%11.0%n/an/a
Interest expense0.00.029.678.9150236241277n/an/an/a
Pre-tax income-22.4-23311478.0-677-571-72.0-1,195488-224-166
Income tax25.578.127.610.0-103-88.06.036.01508.033.0
Effective tax raten/an/a24.2%12.8%n/an/an/an/a30.7%n/an/a
Net income-47.9-31186.567.9-574-483-78.0-1,231338-232-199
Net margin-1.6%-10.8%2.8%2.2%-17.5%-10.1%-1.8%-27.9%7.6%-4.9%-4.0%
Diluted EPS-$0.16-$1.06$0.28$0.18-$1.30-$0.99-$0.16-$2.50$0.68-$0.47-$0.41
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by region

FY2023FY2024FY2025Share
latest year
International2,4342,4032,48152.6%
United States1,9832,0362,23447.4%
InternationalUnited States
4,417FY20234,439FY20244,715FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow156174487224-41.0483452271541560617
Capital expenditure11098.6134140135159171140147276238
Free cash flow45.675.235384.1-176324281131394284379
Free cash flow margin1.6%2.6%11.5%2.7%-5.4%6.8%6.4%3.0%8.9%6.0%7.5%
Cash from investing-182-965-127-235-4,779-530-179-1691,158-279-335
Cash from financing-150848-35.2-3054,954210-549-83.0-1,492-275-310
Depreciation and amortisation254318296314517716682694662680679
Share-based compensation20.425.026.049.047.066.059.046.055.068.074.0
Diluted shares, weighted293m293m314m370m441m487m488m492m497m496m506m
Shares outstanding at period endn/a366m366m373m472m473m474m493m494m497m500m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7,0177,7805,1985,5478,4577,5087,2896,2236,0966,5476,588
Debtn/a0.02,4722,3556,1276,3195,8365,7744,3213,7623,663
Operating lease liabilitiesn/an/an/a61.715112711111092.086.0n/a
Finance lease liabilitiesn/an/an/an/an/an/an/an/a0.0239n/a
Other liabilitiesn/a1,1601,2871,0222,9582,5292,2552,2552,1052,7243,310
Total liabilities and equityn/a8,9408,9578,98617,69316,48315,49114,36212,61413,35813,561
Owned
Fixed assetsn/a9209229551,3161,0559991,0269931,4091,411
Goodwilln/a2,9692,9582,9906,2256,1725,9935,0944,4144,7794,845
Intangible assetsn/a2,6732,5052,4836,3875,5874,8424,4943,6813,4083,204
Cash and equivalents259323475334495638345352468545530
Receivablesn/a5676528178728337978428058731,077
Inventoryn/a1,0621,0041,0511,5781,3731,5381,7351,5741,7371,769
Other assetsn/a425441356820825977819679607725
Total assetsn/a8,9408,9578,98617,69316,48315,49114,36212,61413,35813,561
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a7.6%2.2%12.0%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-3.4%-5.1%-5.9%-3.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Pharmaceutical Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.2578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$618.1 billion29.7224.8%n/a8.1%0.442.0%
ABBVIE Inc. ABBV$481.4 billion76.95n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$351.3 billion113.907.6%n/a4.6%1.292.3%
Novartis AG NVS *$273.1 billion20.0230.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.3 billion24.2821.0%23.4%8.6%0.612.0%
Abbott Laboratories ABT$171.6 billion31.8710.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$170.8 billion11.0652.8%41.3%6.4%0.674.6%
Pfizer Inc. PFE$158.6 billion36.615.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. VRTX$127.5 billion29.2921.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$121.7 billion13.1241.6%24.2%3.1%1.924.2%
Sanofi SNY *$98.1 billion11.2210.9%n/a6.2%0.265.5%
All 42 in Pharmaceutical Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.2578.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$618.1 billion29.7224.8%n/a8.1%0.442.0%
ABBVIE Inc. ABBV$481.4 billion76.95n/a26.2%10.4%n/a2.5%
Merck & Co., Inc. MRK$351.3 billion113.907.6%n/a4.6%1.292.3%
Novartis AG NVS *$273.1 billion20.0230.3%n/a8.4%0.622.9%
AstraZeneca PLC AZN *$246.3 billion24.2821.0%23.4%8.6%0.612.0%
Amgen Inc. AMGN$220.3 billion25.3274.8%30.0%9.1%4.901.8%
Gilead Sciences, Inc. GILD$182.6 billionn/a-27.4%-8.2%5.5%2.222.1%
Abbott Laboratories ABT$171.6 billion31.8710.6%15.8%8.1%0.582.4%
Novo Nordisk A/S NVO *$170.8 billion11.0652.8%41.3%6.4%0.674.6%
Pfizer Inc. PFE$158.6 billion36.615.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. VRTX$127.5 billion29.2921.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$121.7 billion13.1241.6%24.2%3.1%1.924.2%
Sanofi SNY *$98.1 billion11.2210.9%n/a6.2%0.265.5%
GSK plc GSK *$93.4 billion12.6734.9%24.3%4.1%0.883.6%
Moderna, Inc. MRNA$78.6 billionn/a-46.6%-149.0%-27.6%0.09n/a
Regeneron Pharmaceuticals, Inc. REGN$78.4 billion18.2813.7%24.7%9.3%0.060.5%
Takeda Pharmaceutical Company Limited TAK *$58.5 billionn/a-2.1%0.1%-1.7%0.663.5%
argenx SE ARGX *$50.7 billion41.8317.6%n/a89.9%0.00n/a
Teva Pharmaceutical Industries Ltd. TEVA$45.7 billion65.429.1%9.3%4.1%2.140.0%
IDEXX Laboratories Inc. IDXX$40.5 billion36.0970.7%32.0%12.8%0.60n/a
Biogen Inc. BIIB$32.2 billion38.664.4%10.1%0.3%0.39n/a
Zoetis Inc. ZTS$30.3 billion12.0483.1%n/a1.5%2.872.8%
Roivant Sciences Ltd. ROIV$24.7 billionn/a-6.3%-7,914.8%-67.6%0.00n/a
Genmab A/S GMAB *$23.2 billion23.4516.5%28.6%19.2%0.90n/a
BioNTech SE BNTX *$23.1 billionn/a-5.9%-49.0%4.3%0.01n/a
United Therapeutics Corp. UTHR$22.7 billion19.0620.5%44.4%2.5%0.00n/a
Viatris Inc. VTRS$20.0 billionn/a-2.9%-0.6%4.4%0.812.8%
Exelixis, Inc. EXEL$14.7 billion18.5646.7%39.9%9.2%0.00n/a
Jazz Pharmaceuticals plc JAZZ$14.4 billion15.3419.6%19.5%12.6%0.91n/a
Neurocrine Biosciences Inc. NBIX$14.4 billion20.7119.1%23.6%34.4%0.00n/a
Corcept Therapeutics Inc. CORT$12.8 billion282.247.8%0.8%16.0%0.00n/a
Halozyme Therapeutics, Inc. HALO$12.5 billion32.79288.1%35.9%41.2%13.50n/a
Bio-Techne Corp. TECH$11.3 billion63.008.6%20.7%-0.4%0.090.4%
Elanco Animal Health Inc. ELAN$11.3 billionn/a-3.0%n/a12.0%0.56n/a
Biomarin Pharmaceutical Inc. BMRN$10.6 billion148.351.2%4.4%11.2%0.66n/a
Dr. Reddy’s Laboratories Limited RDY *$10.2 billion22.8511.4%15.0%3.2%0.050.7%
Krystal Biotech, Inc. KRYS$9.7 billion41.0217.8%44.9%22.6%0.00n/a
Repligen Corp. RGEN$9.2 billion224.442.0%8.2%16.5%0.26n/a
Cytokinetics Inc. CYTK$8.6 billionn/an/a-1,046.1%-21.1%n/an/a
Arrowhead Pharmaceuticals, Inc. ARWR$8.6 billionn/a-68.7%-33.8%16.8%1.47n/a
Lantheus Holdings, Inc. LNTH$6.5 billion24.1821.0%19.4%2.3%0.43n/a
27 companies share its SEC industry code (Pharmaceutical Preparations); the rest are the names nearest in size in its wider industry, Pharmaceutical Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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