Eli Lilly Past Earnings Performance

Past criteria checks 4/6

Eli Lilly has been growing earnings at an average annual rate of 5.7%, while the Pharmaceuticals industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 11.2% per year. Eli Lilly's return on equity is 58.4%, and it has net margins of 20.5%.

Key information

5.7%

Earnings growth rate

6.3%

EPS growth rate

Pharmaceuticals Industry Growth	12.4%
Revenue growth rate	11.2%
Return on equity	58.4%
Net Margin	20.5%
Next Earnings Update	06 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Eli Lilly makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:LLYC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	40,863	8,370	7,633	10,531
30 Jun 24	38,923	7,342	7,337	10,206
31 Mar 24	35,932	6,138	7,144	9,851
31 Dec 23	34,124	5,240	6,941	9,313
30 Sep 23	32,073	4,988	6,682	8,747
30 Jun 23	29,516	6,498	6,515	8,140
31 Mar 23	27,691	5,687	6,236	7,566
31 Dec 22	28,541	6,245	6,068	7,191
30 Sep 22	29,240	6,033	6,037	7,093
30 Jun 22	29,071	5,692	6,020	6,996
31 Mar 22	29,323	6,129	6,104	6,869
31 Dec 21	28,318	5,582	6,142	6,931
30 Sep 21	27,759	5,972	6,119	6,870
30 Jun 21	26,726	6,071	6,069	6,631
31 Mar 21	25,486	6,093	5,867	6,366
31 Dec 20	24,540	6,194	5,869	5,976
30 Sep 20	23,214	5,573	6,019	5,829
30 Jun 20	22,950	5,618	5,924	5,745
31 Mar 20	23,087	5,533	6,048	5,757
31 Dec 19	22,320	4,638	6,004	5,595
30 Sep 19	21,843	4,264	5,984	5,405
30 Jun 19	21,673	4,103	6,019	5,305
31 Mar 19	21,622	2,545	5,913	5,174
31 Dec 18	21,493	3,151	5,735	5,051
30 Sep 18	22,016	372	5,855	5,146
30 Jun 18	22,368	-166	5,975	5,205
31 Mar 18	22,607	1,074	6,210	5,207
31 Dec 17	19,974	-86	5,733	5,096
30 Sep 17	22,471	2,225	6,475	5,321
30 Jun 17	22,005	2,447	6,526	5,217
31 Mar 17	21,585	2,187	6,483	5,281
31 Dec 16	21,222	2,738	6,330	5,310
30 Sep 16	20,837	2,444	6,460	5,238
30 Jun 16	20,605	2,466	6,471	5,145
31 Mar 16	20,179	2,319	6,483	4,978
31 Dec 15	19,959	2,408	6,533	4,796
30 Sep 15	19,704	2,359	6,535	4,538
30 Jun 15	19,620	2,059	6,631	4,638
31 Mar 15	19,577	2,192	6,659	4,664
31 Dec 14	19,616	2,391	6,621	4,734
30 Sep 14	20,303	2,690	6,775	5,023
30 Jun 14	21,200	3,392	6,755	5,158
31 Mar 14	22,194	3,865	6,959	5,293
31 Dec 13	23,113	4,685	7,126	5,531

Quality Earnings: LLYC has a high level of non-cash earnings.

Growing Profit Margin: LLYC's current net profit margins (20.5%) are higher than last year (15.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LLYC's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: LLYC's earnings growth over the past year (67.8%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: LLYC earnings growth over the past year (67.8%) exceeded the Pharmaceuticals industry 9.5%.

Return on Equity

High ROE: Whilst LLYC's Return on Equity (58.45%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 21:22
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Eli Lilly and Company is covered by 63 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Toung	Argus Research Company
Ishan Majumdar	Baptista Research
Alistair Campbell	Berenberg

Eli Lilly Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: US$1.08 (vs US$0.064 loss in 3Q 2023)

Eli Lilly and Company to Report Q3, 2024 Results on Oct 30, 2024

Second quarter 2024 earnings released: EPS: US$3.29 (vs US$1.96 in 2Q 2023)

Recent updates

U.S. Food and Drug Administration Approves Eli Lilly and Company's Zepbound (Tirzepatide) as the First and Only Prescription Medicine for Moderate-To-Severe Sleep Apnea in Adults with Obesity

Eli Lilly and Company's Kisunla™ (donanemab-azbt) Approves in China for the Treatment of Early Symptomatic Alzheimer's Disease

Third quarter dividend of US$1.50 announced

Eli Lilly and Company's Omvoh Recommends by CHMP for Approval in the European Union for Adults with Moderate to Severely Active Crohn's Disease

Eli Lilly and Company Announces Results from the Phase 3 Ember-3 Study of Imlunestrant

Eli Lilly and Company (NYSE:LLY) announces an Equity Buyback for $15,000 million worth of its shares.

Insufficient new directors

Eli Lilly and Company Announces Topline Results from the SURMOUNT-5 Phase 3B Open-Label Randomized Clinical Trial

Frantz Law Group Files Oceanside Unified School District Lawsuit Against Eli Lily, Novo Nordisk, Sanofi, Express Scripts, CVS Caremark, and Optum RX for Insulin Pricing Scheme

Eli Lilly and Company Announces Board Changes

Eli Lilly and Company Announces Positive Phase 2 Results for muvalaplin

Eli Lilly and Company Announces Detailed Results from the Phase 3 Survey-1 Three-Year Study

Eli Lilly and Company Announces Details of Presentations At the 2024 American Society of Hematology Annual Meeting

Third quarter dividend of US$1.30 announced

Eli Lilly and Company to Present Results from Phase 3 EMBER-3 Study of Imlunestrant, an Oral SERD, and Additional Results from Its Breast Cancer Portfolio at the San Antonio Breast Cancer Symposium

Third quarter 2024 earnings released: EPS: US$1.08 (vs US$0.064 loss in 3Q 2023)

Eli Lilly and Company Revises Earnings Guidance for the Year 2024

Lilly's Mirikizumab Is First and Only IL23p19 Antagonist to Report Long-Term, Multi-Year, Sustained Efficacy and Safety Data for Both Ulcerative Colitis and Crohn's Disease

Eli Lilly and Company Declares Fourth-Quarter 2024 Dividend, Payable on December 10, 2024

Lilly's EBGLYSS (Lebrikizumab-Lbkz) Demonstrated Meaningful Improvement in Skin Clearance and Itch Relief in the Majority of Patients with Moderate-To-Severe Atopic Dermatitis Who Discontinued Dupilumab

Eli Lilly and Company to Report Q3, 2024 Results on Oct 30, 2024

Now 21% undervalued

Eli Lilly and Company Reports One-Year Histologic Outcomes in Phase 3 Study of Mirikizumab Compared to Ustekinumab for Crohn's Disease

Eli Lilly and Company Appoints Thomas J. Fuchs as First Chief AI Officer, Effective October 21, 2024

Now 21% undervalued after recent price drop

FDA Approves Lilly's EBGLYSS (Lebrikizumab-Lbkz) for Adults and Children 12 Years and Older with Moderate-To-Severe Atopic Dermatitis

Eli Lilly and Co. Appoints Lucas Montarce as CFO

Now 22% undervalued

Eli Lilly and Company Announces Positive Topline Results from the QWINT-1 and QWINT-3 Phase 3 Clinical Trials Evaluating Once Weekly Insulin Efsitora Alfa

Eli Lilly and Company Announces Positive Topline Results from the Surmount-1 Three-Year Study Evaluating the Efficacy and Safety of Tirzepatide

Eli Lilly and Company Announces Retirement of Marschall S. Runge as Independent Director, Effective August 31, 2024

Eli Lilly and Company (NYSE:LLY) completed the acquisition of Morphic Holding, Inc. (NasdaqGM:MORF) from TAS Partners, LLC, Timothy Springer, Chafen Lu and others.