Eli Lilly and Company discovers, develops, manufactures, and markets human pharmaceutical products in the United States, Europe, China, Japan, and internationally. The company offers cardiometabolic health products, including Basaglar, Humalog, Humalog Mix 75/25, Humalog U-100, Humalog U-200, Humalog Mix 50/50, insulin lispro, insulin lispro protamine, insulin lispro mix 75/25, Humulin, Humulin 70/30, Humulin N, Humulin R, Humulin U-500 for diabetes; Jardiance, Mounjaro, and Trulicity for type 2 diabetes; and Zepbound for obesity. It also provides oncology products, such as Cyramza for the second-line treatment of gastric cancer or gastro-esophageal junction adenocarcinoma; Erbitux for colorectal cancers and head and neck cancers; Inluriyo for breast cancer; Jaypirca for chronic lymphocytic leukemia or small lymphocytic lymphoma; Retevmo for the treatment of metastatic NSCLC; TYVYT for classic hodgkin's lymphoma; and Verzenio for breast cancer. In addition, the company offers immunology products, which include Ebglyss for severe atopic dermatitis; Olumiant for rheumatoid arthritis, atopic dermatitis, severe alopecia areata, and COVID-19; Omvoh for ulcerative colitis; and Taltz for plaque psoriasis, psoriatic arthritis, ankylosing spondylitis, and non-radiographic axial spondylarthritis. Further, it provides Emgality for migraine prevention and episodic cluster headache, as well as Kisubla for symptomatic Alzheimer's disease. The company has collaborations with Boehringer Ingelheim Pharmaceuticals, Inc. for the Jardiance product family; and F. Hoffmann-La Roche Ltd and Genentech, Inc. for lebrikizumab, as well as license agreements with Almirall, S.A. for Ebglyss; and Chugai Pharmaceutical Co., Ltd for orforglipron. Eli Lilly and Company was founded in 1876 and is headquartered in Indianapolis, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $65.2B | $31.7B | $20.6B | $6.0B | 77.8% | 44.7% | 94.9% |
| 2024 | $45.0B | $18.8B | $10.6B | $414M | 74.2% | 32.0% | 102.1% |
| 2023 | $34.1B | $11.9B | $5.2B | $-3.2B | 48.6% | 19.6% | -16.1% |
| 2022 | $28.5B | $8.7B | $6.2B | $4.6B | 58.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 28,541.40 | 34,124 | 45,043 | 65,179 |
| Cost Of Revenue | - | 6,629.80 | 7,082 | 8,418 | 11,052 |
| Gross Profit | - | 21,911.60 | 27,042 | 36,625 | 54,127 |
| Operating Expense | - | 13,631.20 | 16,717 | 19,585 | 24,431 |
| Operating Income | - | 8,280.40 | 10,325 | 17,040 | 29,696 |
| EBITDA | - | 8,660.50 | 11,852 | 18,807 | 31,693 |
| EBIT | - | 7,138 | 10,325 | 17,040 | 29,696 |
| Pretax Income | - | 6,806.40 | 6,554 | 12,680 | 25,731 |
| Tax Provision | - | 561.60 | 1,314 | 2,090 | 5,091 |
| Net Income | - | 6,244.80 | 5,240 | 10,590 | 20,640 |
| Net Income Common Stockholders | - | 6,244.80 | 5,240 | 10,590 | 20,640 |
| Total Expenses | - | 20,261 | 23,799 | 28,003 | 35,483 |
| Interest Expense | 339.80 | 331.60 | 485.90 | 780.60 | - |
| Interest Income | 25.40 | 62.80 | 173.60 | 175.20 | - |
| Research And Development | - | 7,190.80 | 9,313 | 10,991 | 13,337 |
| Selling General And Administration | - | 6,440.40 | 7,404 | 8,594 | 11,094 |
| Normalized EBITDA | - | 10,224.30 | 15,720 | 22,948 | 35,087 |
| Normalized Income | - | 7,678.80 | 8,330.53 | 14,048.45 | 23,362.48 |
| Market Cap | 789,692 | 789,692 | 789,692 | 789,692 | 789,692 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Eli Lilly and Companythis co. | LLY | $790.9B | 38.26β premium | 29.76 | 77.8% | 26.03 |
| Johnson & Johnson | JNJ | $547.7B | 20.43 | 6.72 | 32.9% | 14.03 |
| AbbVie Inc. | ABBV | $354.2B | 83.17 | -107.48 | -129.2% | 23.47 |
| UnitedHealth Group Incorporated | UNH | $321.5B | 26.74 | 3.43 | 12.8% | 16.32 |
| Merck & Co., Inc. | MRK | $276.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 15.14 |
| 5.25 |
| 34.7% |
| 11.01 |
| Amgen Inc. | AMGN | $185.5B | 24.09 | 21.45 | 89.1% | 13.68 |
| Thermo Fisher Scientific Inc. | TMO | $177.2B | 26.04 | 3.27 | 12.6% | 17.74 |
| Gilead Sciences, Inc. | GILD | $162.1B | 19.02 | 7.13 | 37.5% | 13.20 |
| Abbott Laboratories | ABT | $158.3B | 24.27 | 3.04 | 12.5% | 13.56 |
| Peer Median | - | 24.18 | 4.34 | 22.8% | 13.85 | |