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Discontinued — last reported Q1 '26

R&D at other companies

Merck & Co. logo
Merck & Co.MRK
$12.59B+248%
Zoetis logo
ZoetisZTS
$180M+11.1%
Idexx Laboratories logo
Idexx LaboratoriesIDXX
$65.79M+11.4%
General Mills logo
General MillsGIS
$64.15M-0.5%

Segments

By segment

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Reportable Segment$97M+3.2%

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:ResearchAndDevelopmentExpense.

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 R&D?
Elanco Animal Health Inc. (ELAN) reported R&D of $97M in Q1 2026.
How has Elanco Animal Health Inc.'s R&D changed year-over-year?
Elanco Animal Health Inc.'s R&D increased by 3.2% year-over-year, from $94M to $97M.
What is the long-term trend for Elanco Animal Health Inc.'s R&D?
Over 4 years (2021 to 2025), Elanco Animal Health Inc.'s R&D has grown at a -0.1% compound annual growth rate (CAGR), from $369M to $368M.
What does R&D mean?
The money spent on creating new products and improving existing ones.
How do you interpret R&D?
Increased spending signals a focus on future growth and innovation, while significant decreases might indicate a reduction in long-term competitive capability.
How does R&D compare across companies?
Standard in life sciences; compared as a percentage of revenue to assess the intensity of innovation efforts.