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Elanco Animal Health Inc. ELAN Change in Inventories

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Other financials

Income statement

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Revenue$1.4B+14.9%
Gross profit$785.0M+14.8%
Net income$57.0M-14.9%
EPS (diluted)$0.11-15.4%

Balance sheet

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Cash & equivalents$428.0M-12.1%
Total debt$4.3B-1.7%
Total equity$6.5B+2.3%
Total assets$13.2B+2.2%

Cash flow

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Operating cash flow$13.0M+425%
CapEx$51.0M-21.5%
Free cash flow-$38.0M+44.9%

Valuation

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Market cap$12.1B+128%
Enterprise value$15.99B+73.1%
P/S2.5×+1.3×

Profitability

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Gross margin55.1%+0.2pp
Net margin-4.9%-13.6pp
FCF margin6.4%-1.4pp

Returns & leverage

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Return on equity-3.8%-9.9pp
Debt / equity0.7×0.0×
Current ratio2.2×-0.6×

Where this comes from

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

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Elanco Animal Health Inc.’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elanco Animal Health Inc.'s change in inventories?
Elanco Animal Health Inc. (ELAN) reported change in inventories of $14.25M in Q4 2025.
How has Elanco Animal Health Inc.'s change in inventories changed year-over-year?
Elanco Animal Health Inc.'s change in inventories increased by 229.5% year-over-year, from -$11M to $14.25M.
What is the long-term trend for Elanco Animal Health Inc.'s change in inventories?
Over 4 years (2021 to 2025), Elanco Animal Health Inc.'s change in inventories has grown at a 18.4% compound annual growth rate (CAGR), from -$29M to $57M.
What does change in inventories mean?
The net change in the value of goods held in inventory.
How do you interpret change in inventories?
An increase represents a cash outflow to build stock, while a decrease represents a cash inflow from selling existing inventory.
How does change in inventories compare across companies?
Compared against inventory turnover ratios of peer animal health and manufacturing companies.