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Eli Lilly LLY Return on invested capital

Return on invested capital at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
20.6%+0.3pp
Pfizer logo
PfizerPFE
6%
Amgen logo
AmgenAMGN
14.1%+4.0pp
Cardinal Health logo
Cardinal HealthCAH
100.6%
Biogen logo
BiogenBIIB
7.8%-0.4pp
McKesson logo
McKessonMCK
104.2%+34.7pp

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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Gross margin82.8%+1.1pp
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 return on invested capital?
Eli Lilly (LLY) reported return on invested capital of 42% in Q1 2026.
How has Eli Lilly's return on invested capital changed year-over-year?
Eli Lilly's return on invested capital increased by 65.8% year-over-year, from 25.3% to 42%.
What is the long-term trend for Eli Lilly's return on invested capital?
Over 4 years (2021 to 2025), Eli Lilly's return on invested capital has grown at a 1.9% compound annual growth rate (CAGR), from 120.7% to 130.3%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.