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Elanco Animal Health (ELAN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · DRUG MANUFACTURERS - SPECIALTY & GENERIC · DATA UPDATED 2026-09-19

Elanco Animal Health (ELAN) operates in the DRUG MANUFACTURERS - SPECIALTY & GENERIC industry and is headquartered in Indianapolis, United States with about 9,400 employees. Its market capitalization is roughly $11 billion. In the fiscal year ended 2025-12-31, ELAN reported $4.7B in revenue and ($232M) in net income.

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals worldwide.

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ELAN Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Revenue$5.0B$4.7B$4.4B$4.4B$4.4B$4.8B$3.3B$3.1B$3.1B$2.9B$2.9B$2.9B
Gross Profit$2.6B$2.0B$1.9B$1.9B$2.0B$2.1B$1.2B$1.4B$1.3B$1.2B$1.3B$1.2B
Gross Margin %52.6%43.5%43.0%43.9%44.7%43.6%38.1%45.6%42.2%40.6%45.8%41.7%
Operating Income (EBIT)$252M$251M$326M$384M$304M($77M)$370M$314M$142M$283M$5M
Operating Margin %5.3%5.7%7.4%8.7%6.4%-2.4%12.0%10.2%4.9%9.7%0.2%
Net Income($199M)($232M)$338M($1.2B)($78M)($483M)($560M)$68M$86M($311M)($48M)($211M)
Net Margin %-4.0%-4.9%7.6%-27.9%-1.8%-10.1%-17.1%2.2%2.8%-10.8%-1.6%-7.2%
EBITDA$676M$1.5B($224M)$866M$409M$1M$472M$440M$86M$232M($23M)
Earnings Per Share (EPS)$-0.41$-0.47$0.68$-2.50$-0.16$-0.99$-1.27$0.18$0.28$-0.87$-0.13$-0.59
Shares Outstanding (M)496M497M492M488M487M441M370M314M356M356M356M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ELAN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$1.4B$1.4B$1.1B$1.1B$1.2B$1.2B$1.0B$1.0B$1.2B
Gross Profit$798M$785M$450M$607M$577M$556M$389M$405M$558M
Gross Margin %58.3%57.3%39.3%53.4%46.5%46.6%38.1%39.3%47.1%
Operating Income (EBIT)$307M$19M$27M$85M$121M$8M($5M)$115M
Operating Margin %22.4%1.7%2.4%6.9%10.1%0.8%-0.5%9.7%
Net Income$54M$57M($276M)($34M)$11M$67M($8M)$364M($50M)
Net Margin %4.0%4.2%-24.1%-3.0%0.9%5.6%-0.8%35.3%-4.2%
EBITDA$316M$6M$178M$264M$274M$175M$814M$195M
Earnings Per Share (EPS)$0.11$0.11$-0.56$-0.07$0.02$0.13$-0.02$0.73$-0.10
Shares Outstanding (M)506M497M497M500M499M494M498M494M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ELAN Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Cash from Operations (CFO)$617M$560M$541M$271M$452M$483M($41M)$224M$487M$174M$156M$7M
Capital Expenditures (CapEx)$238M$276M$147M$154M$184M$197M$311M$197M$134M$99M$110M$100M
Free Cash Flow (FCF)$379M$284M$394M$117M$268M$286M($352M)$27M$353M$75M$46M($94M)
FCF Margin %7.5%6.0%8.9%2.6%6.1%6.0%-10.8%0.9%11.5%2.6%1.6%-3.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ELAN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$277M$13M$108M$219M$237M($4M)$177M$162M$200M
Capital Expenditures (CapEx)$33M$51M$62M$92M$57M$65M$53M$42M$34M
Free Cash Flow (FCF)$244M($38M)$46M$127M$180M($69M)$124M$120M$166M
FCF Margin %17.8%-2.8%4.0%11.2%14.5%-5.8%12.2%11.7%14.0%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ELAN Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Total Assets$13.6B$13.4B$12.6B$14.4B$15.5B$16.5B$17.7B$9.0B$9.0B$8.9B$8.1B
Cash & Cash Equivalents$530M$545M$468M$352M$345M$638M$495M$334M$475M$323M$259M
Total Liabilities$7.0B$6.8B$6.5B$8.1B$8.2B$9.0B$9.2B$3.4B$3.8B$1.1B$1.1B
Total Debt (Short + Long-Term)$3.9B$4.0B$4.3B$5.8B$5.8B$6.3B$6.1B$2.4B$2.5B$0M$0M
Total Shareholders' Equity$6.6B$6.5B$6.1B$6.2B$7.3B$7.5B$8.5B$5.5B$5.2B$7.8B$7.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ELAN viewer.

ELAN Metric Deep Dives

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