What is Eli Lilly's capex?

Eli Lilly (LLY) reported capex of $2.33B in Q1 2026.

How has Eli Lilly's capex changed year-over-year?

Eli Lilly's capex increased by 54.0% year-over-year, from $1.51B to $2.33B.

What is the long-term trend for Eli Lilly's capex?

Over 4 years (2021 to 2025), Eli Lilly's capex has grown at a 56.4% compound annual growth rate (CAGR), from $1.31B to $7.84B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Eli Lilly LLY CapEx

CapEx at other companies

PfizerPFE

$436M-22.7%

AmgenAMGN

$712M+73.2%

Cardinal HealthCAH

$146M+15.9%

MannkindMNKD

$1.88M+470%

Oruka Therapeutics, Inc.ORKA

$73K+462%

McKessonMCK

$111M-34.3%

Other financials

Income statement

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Revenue$19.8B+55.5%

Gross profit$16.2B+54.4%

Net income$7.4B+168%

EPS (diluted)$8.26+170%

Balance sheet

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Cash & equivalents$5.3B+70.8%

Total debt$43.4B+12.6%

Total equity$31.2B+97.9%

Total assets$116.58B+30.4%

Cash flow

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Operating cash flow$5.3B+220%

Free cash flow$3.0B+1,828%

Valuation

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Market cap$1.07T+51.7%

Enterprise value$1.11T+49.3%

P/E42.3×-8.8×

P/S14.8×+1.6×

Profitability

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Gross margin82.8%+1.1pp

Net margin35%+12.3pp

FCF margin16.4%+8.7pp

Returns & leverage

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Return on equity107.6%+29.9pp

Debt / equity1.4×-1.1×

Current ratio1.5×+0.1×

Where this comes from

Reported directly by Eli Lilly in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment.

The official record: Eli Lilly’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eli Lilly's capex?: Eli Lilly (LLY) reported capex of $2.33B in Q1 2026.
How has Eli Lilly's capex changed year-over-year?: Eli Lilly's capex increased by 54.0% year-over-year, from $1.51B to $2.33B.
What is the long-term trend for Eli Lilly's capex?: Over 4 years (2021 to 2025), Eli Lilly's capex has grown at a 56.4% compound annual growth rate (CAGR), from $1.31B to $7.84B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.