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MARKETS / NYSE / ELAN
NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Elanco Animal Health Inc. ELAN

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.7B
▲ 6.2% YoY
$-232.0M
▼ 168.6% YoY
$284.0M
▼ 27.9% YoY
In brief

What this company does

Elanco Animal Health Incorporated innovates and delivers products and services to prevent and treat disease in farm animals and pets. Its product portfolio is sold in more than 90 countries and serves animals across pet health species, primarily dogs and cats, and farm animal species, including cattle, poultry, swine and sheep. The company operates its business as a single segment within the animal health industry, offering a portfolio of pet health and farm animal products. The U.S. is its largest market, accounting for 47% of its total revenue in 2025. As of December 31, 2025, the company employed approximately 9,400 full time employees and approximately 500 fixed-duration employees, individuals hired for a pre-defined length of time typically ranging from one to four years. With a heritage dating back to 1954, Elanco was formerly a business unit of Eli Lilly and Company, became an independently incorporated company on September 18, 2018, finalized its separation from Lilly in March 2019, and acquired Bayer Animal Health in August 2020.

Written from the business description in Elanco Animal Health Incorporated's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.7B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.7 · Net income -0.2
2.0B4.0B-0.5B-1.0B2016201720182019202020212022202320242025
Compound annual growth
+2.2%
+7.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−5 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.8% · Net -4.9%
5%10%-10%-20%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -3.7%
2%4%-5%-10%-15%2016201720182019202020212022202320242025

Each USD of equity lost 4 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 284.0
200M-80M-160M2016201720182019202020212022202320242025

Total assetsUSD 13.4B
EquityUSD 6.5B
CashUSD 545.0M
Gross debtUSD 3.8B
Net debtUSD 3.2B
Current ratio2.17×

Net debt stands at 49% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B4.74.44.44.44.83.33.13.12.92.9
Operating income $B−0.20.5−1.2−0.1−0.6−0.70.10.1−0.2−0.0
EBITDA $B0.51.1−0.50.60.1−0.20.40.40.10.2
Income tax $B0.00.10.00.0−0.1−0.10.00.00.10.0
Net income $B−0.20.3−1.2−0.1−0.5−0.60.10.1−0.3−0.0
Free cash flow $B0.30.40.10.30.3−0.20.10.40.10.0
EPS, diluted $−0.470.68−2.50−0.16−0.99−1.300.180.28−1.06−0.16
Dividend / sh $··········
Payout %··········
ROE %−3.75.5−18.2−1.1−6.1−8.21.31.3−4.2−0.7
Shares out B0.500.490.490.470.470.470.370.37··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 41 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 47 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2016

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