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Gross margin at other companies

Merck & Co. logo
Merck & Co.MRK
73.9%-2.5pp
Zoetis logo
ZoetisZTS
71.8%+0.8pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
62.1%+0.8pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
36.4%+0.1pp
Kenvue logo
KenvueKVUE
58.4%+0.3pp
General Mills logo
General MillsGIS
33%-2.3pp

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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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

Calculated from Elanco Animal Health Inc.’s reported figures.

Based on trailing twelve months.

The official record: Elanco Animal Health Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elanco Animal Health Inc.'s gross margin?
Elanco Animal Health Inc. (ELAN) reported gross margin of 55.1% in Q1 2026.
How has Elanco Animal Health Inc.'s gross margin changed year-over-year?
Elanco Animal Health Inc.'s gross margin increased by 0.3% year-over-year, from 54.9% to 55.1%.
What is the long-term trend for Elanco Animal Health Inc.'s gross margin?
Over 5 years (2020 to 2025), Elanco Animal Health Inc.'s gross margin has grown at a 2.3% compound annual growth rate (CAGR), from 49.1% to 55%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.