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Eli Lilly LLY Gross margin

Gross margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
67.8%-0.5pp
Pfizer logo
PfizerPFE
73.5%+1.2pp
Amgen logo
AmgenAMGN
68.3%+5.3pp
Cardinal Health logo
Cardinal HealthCAH
3.8%+0.2pp
Biogen logo
BiogenBIIB
75.5%-0.1pp
McKesson logo
McKessonMCK
3.6%-0.1pp

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%
CapEx$2.3B+54.0%
Free cash flow$3.0B+1,828%

Valuation

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Market cap$991.62B+10.8%
Enterprise value$1.03T+10.6%
P/E39.2×-41.4×
P/S13.7×-4.5×

Profitability

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Net margin35%+12.3pp

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

Calculated from Eli Lilly’s reported figures.

Based on trailing twelve months.

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 gross margin?
Eli Lilly (LLY) reported gross margin of 82.8% in Q1 2026.
How has Eli Lilly's gross margin changed year-over-year?
Eli Lilly's gross margin increased by 1.4% year-over-year, from 81.7% to 82.8%.
What is the long-term trend for Eli Lilly's gross margin?
Over 4 years (2021 to 2025), Eli Lilly's gross margin has grown at a 2.5% compound annual growth rate (CAGR), from 299.2% to 330.4%.
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.