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Acquisitions at other companies

Merck & Co. logo
Merck & Co.MRK
$8.78B
Phibro Animal Health logo
Phibro Animal HealthPAHC
$1.05M+28.3%
Zoetis logo
ZoetisZTS
$14M
Tractor Supply Company logo
Tractor Supply CompanyTSCO
$0-100%
Central Garden & Pet Company logo
Central Garden & Pet CompanyCENT
$720K
Petco Health and Wellness Company, Inc. logo
Petco Health and Wellness Company, Inc.WOOF
$0-100%

Other financials

Income statement

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Revenue$1.4B+10.2%
Gross profit$798.0M+11.9%
Net income$54.0M+391%
EPS (diluted)$0.11+450%

Balance sheet

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Cash & equivalents$530.0M-1.7%
Total debt$4.2B-6.2%
Total equity$6.6B-2.8%
Total assets$13.6B-1.3%

Cash flow

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Operating cash flow$277.0M+16.9%
CapEx$33.0M-42.1%
Free cash flow$244.0M+35.6%

Valuation

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Market cap$13.1B+89.0%
Enterprise value$16.81B+54.0%
P/S2.6×+1.1×

Profitability

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Gross margin55.4%+0.6pp
Net margin-4%-13.8pp
FCF margin7.5%-0.5pp

Returns & leverage

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Return on equity-3%-9.9pp
Debt / equity0.6×0.0×
Current ratio2.1×-0.5×

Where this comes from

Reported directly by Elanco Animal Health Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Elanco Animal Health Inc.’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 9:19 AM EST
Fiscal year
FY2025
Accession
0001739104-26-000012
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Net Cash Provided by Operating Activities560541271
Cash Flows from Investing Activities
Net purchases of property and equipment and software(276)(147)(140)
Cash paid for acquisitions(41)(19)
Proceeds from divestitures91,360
Other investing activities, net(12)(14)(10)
Net Cash (Used for) Provided by Investing Activities(279)1,158(169)
Cash Flows from Financing Activities

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Elanco Animal Health Inc.'s acquisitions?
Elanco Animal Health Inc. (ELAN) reported acquisitions of $0 in Q4 2025.
How has Elanco Animal Health Inc.'s acquisitions changed year-over-year?
Elanco Animal Health Inc.'s acquisitions decreased by 100.0% year-over-year, from $36M to $0.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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