Fundies.
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Elanco Animal Health Incorporated

EDGAR
ELAN Quarterly report (10-Q) · filed 2026-08-05

Annual consolidated revenue for 2025: about USD 4.715B, using the latest reported figures. The previous period, 2024, was about USD 4.439B.

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Watchlist

Latest quarter

Revenue

1.37 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 1368000000 USD Source

Net margin

3.95%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 54000000 USD Source
  • Revenue: 1368000000 USD Source

Operating cash flow

277 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 290000000 USD Source
  • Operating Cash Flow: 13000000 USD Source

Free cash flow

244 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 290000000 USD Source
  • Operating Cash Flow: 13000000 USD Source
  • Capital Expenditure: 84000000 USD Source
  • Capital Expenditure: 51000000 USD Source
Cash and cash equivalents
530 million USD Source
Exact value

530000000 USD

Long-term debt including current maturities
3.66 billion USD Source
Exact value

3663000000 USD

Shares outstanding
500 million shares Source
Exact value

499549698 shares

Reported share-count change

0.58% · 2.9 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 496646312 shares · 2025-06-30· Source
  • 499549698 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 10 of 11 periods available· newest 2025-12-31
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 8 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +6.2%

    Prior period

    USD 4.44 billion

    –

    Current period

    USD 4.72 billion

    –

    Exact inputs and evidence

    4715000000 − 4439000000 = 276000000 USD

    4439000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    4715000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -168.6%

    Prior period

    USD 338 million

    –

    Current period

    −USD 232 million

    –

    Exact inputs and evidence

    -232000000 − 338000000 = -570000000 USD

    338000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -232000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +3.5%

    Prior period

    USD 541 million

    –

    Current period

    USD 560 million

    –

    Exact inputs and evidence

    560000000 − 541000000 = 19000000 USD

    541000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    560000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +87.8%

    Prior period

    USD 147 million

    –

    Current period

    USD 276 million

    –

    Exact inputs and evidence

    276000000 − 147000000 = 129000000 USD

    147000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    276000000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 4.72 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −USD 232 million −4.9% of revenue

Cash

  • Operating cash flow USD 560 million 12% of revenue
  • Capital expenditure USD 276 million 5.9% of revenue
  • Free cash flow Derived USD 284 million 6% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-312913500000 UnavailableUnavailableUnavailable-47900000 45600000 Derived
Source
2017 2017-01-01 – 2017-12-312889000000 UnavailableUnavailableUnavailable-310700000 75200000 Derived
Source
2018 2018-01-01 – 2018-12-313066800000 UnavailableUnavailableUnavailable86500000 352800000 Derived
Source
2019 2019-01-01 – 2019-12-313071000000 UnavailableUnavailableUnavailable68000000 84000000 Derived
Source
2020 2020-01-01 – 2020-12-313273000000 UnavailableUnavailableUnavailable-574000000 -176000000 Derived
Source
2021 2021-01-01 – 2021-12-314764000000 UnavailableUnavailableUnavailable-483000000 324000000 Derived
Source
2022 2022-01-01 – 2022-12-314411000000 UnavailableUnavailableUnavailable-78000000 281000000 Derived
Source
2023 2023-01-01 – 2023-12-314417000000 UnavailableUnavailableUnavailable-1231000000 131000000 Derived
Source
2024 2024-01-01 – 2024-12-314439000000 UnavailableUnavailableUnavailable338000000 394000000 Derived
Source
2025 2025-01-01 – 2025-12-314715000000 UnavailableUnavailableUnavailable-232000000 284000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 4.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.1B3.9B2.6B1.3B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue2913500000
2017Revenue2889000000
2018Revenue3066800000
2019Revenue3071000000
2020Revenue3273000000
2021Revenue4764000000
2022Revenue4411000000
2023Revenue4417000000
2024Revenue4439000000
2025Revenue4715000000

Revenue growth

Change in revenue from the same financial period one year earlier.

6.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.50%34%19%4%-12%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year-0.8%
2018Year over year6.2%
2019Year over year0.1%
2020Year over year6.6%
2021Year over year45.6%
2022Year over year-7.4%
2023Year over year0.1%
2024Year over year0.5%
2025Year over year6.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin -4.9% 2025
Free cash flow margin 6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15%3%-8%-20%-31%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin-1.6%
2017Net margin-10.8%
2018Net margin2.8%
2019Net margin2.2%
2020Net margin-17.5%
2021Net margin-10.1%
2022Net margin-1.8%
2023Net margin-27.9%
2024Net margin7.6%
2025Net margin-4.9%
2016Free cash flow margin1.6%
2017Free cash flow margin2.6%
2018Free cash flow margin11.5%
2019Free cash flow margin2.7%
2020Free cash flow margin-5.4%
2021Free cash flow margin6.8%
2022Free cash flow margin6.4%
2023Free cash flow margin3%
2024Free cash flow margin8.9%
2025Free cash flow margin6%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 560M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.608.1M433.8M259.5M85.2M-89.1M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow155900000
2017Operating cash flow173800000
2018Operating cash flow487300000
2019Operating cash flow224000000
2020Operating cash flow-41000000
2021Operating cash flow483000000
2022Operating cash flow452000000
2023Operating cash flow271000000
2024Operating cash flow541000000
2025Operating cash flow560000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 284M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.439.6M274.3M109.0M-56.3M-221.6M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow45600000
2017Free cash flow75200000
2018Free cash flow352800000
2019Free cash flow84000000
2020Free cash flow-176000000
2021Free cash flow324000000
2022Free cash flow281000000
2023Free cash flow131000000
2024Free cash flow394000000
2025Free cash flow284000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

51% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.61%46%31%15%0%2016-12-3120212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Liabilities / assetsNot reportedNo source recorded
2017Liabilities / assets13%
2018Liabilities / assets42%
2019Liabilities / assets38.3%
2020Liabilities / assets52.1%
2021Liabilities / assets54.4%
2022Liabilities / assets52.9%
2023Liabilities / assets56.7%
2024Liabilities / assets51.7%
2025Liabilities / assets51%

Current assets to current liabilities

Current assets divided by current liabilities.

2.17× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.57×2.67×1.78×0.89×0.00×2016-12-3120212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017Current assets / current liabilities3.3×
2018Current assets / current liabilities2.58×
2019Current assets / current liabilities2.9×
2020Current assets / current liabilities1.65×
2021Current assets / current liabilities1.99×
2022Current assets / current liabilities1.93×
2023Current assets / current liabilities2.75×
2024Current assets / current liabilities2.44×
2025Current assets / current liabilities2.17×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 47.9 million
Exact value

Exact value: -47900000 USD

2016-01-01 – 2016-12-31: -47900000 USD Inspect Net Income Open source
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USD 155.9 million
Exact value

Exact value: 155900000 USD

2016-01-01 – 2016-12-31: 155900000 USD Inspect Operating Cash Flow Open source
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USD 110.3 million
Exact value

Exact value: 110300000 USD

2016-01-01 – 2016-12-31: 110300000 USD Inspect Capital Expenditure Open source
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USD 45.6 million
Calculation and evidence

155900000 − 110300000 USD

Exact free cash flow: 45600000 USD

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2017 2017-01-01 – 2017-12-31
−USD 310.7 million
Exact value

Exact value: -310700000 USD

2017-01-01 – 2017-12-31: -310700000 USD Inspect Net Income Open source
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USD 173.8 million
Exact value

Exact value: 173800000 USD

2017-01-01 – 2017-12-31: 173800000 USD Inspect Operating Cash Flow Open source
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USD 98.6 million
Exact value

Exact value: 98600000 USD

2017-01-01 – 2017-12-31: 98600000 USD Inspect Capital Expenditure Open source
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USD 75.2 million
Calculation and evidence

173800000 − 98600000 USD

Exact free cash flow: 75200000 USD

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2018 2018-01-01 – 2018-12-31
USD 86.5 million
Exact value

Exact value: 86500000 USD

2018-01-01 – 2018-12-31: 86500000 USD Inspect Net Income Open source
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USD 487.3 million
Exact value

Exact value: 487300000 USD

2018-01-01 – 2018-12-31: 487300000 USD Inspect Operating Cash Flow Open source
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USD 134.5 million
Exact value

Exact value: 134500000 USD

2018-01-01 – 2018-12-31: 134500000 USD Inspect Capital Expenditure Open source
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USD 352.8 million
Calculation and evidence

487300000 − 134500000 USD

Exact free cash flow: 352800000 USD

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2019 2019-01-01 – 2019-12-31
USD 68 million
Exact value

Exact value: 68000000 USD

2019-01-01 – 2019-12-31: 68000000 USD Inspect Net Income Open source
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USD 224 million
Exact value

Exact value: 224000000 USD

2019-01-01 – 2019-12-31: 224000000 USD Inspect Operating Cash Flow Open source
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USD 140 million
Exact value

Exact value: 140000000 USD

2019-01-01 – 2019-12-31: 140000000 USD Inspect Capital Expenditure Open source
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USD 84 million
Calculation and evidence

224000000 − 140000000 USD

Exact free cash flow: 84000000 USD

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2020 2020-01-01 – 2020-12-31
−USD 574 million
Exact value

Exact value: -574000000 USD

2020-01-01 – 2020-12-31: -574000000 USD Inspect Net Income Open source
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−USD 41 million
Exact value

Exact value: -41000000 USD

2020-01-01 – 2020-12-31: -41000000 USD Inspect Operating Cash Flow Open source
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USD 135 million
Exact value

Exact value: 135000000 USD

2020-01-01 – 2020-12-31: 135000000 USD Inspect Capital Expenditure Open source
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−USD 176 million
Calculation and evidence

-41000000 − 135000000 USD

Exact free cash flow: -176000000 USD

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2021 2021-01-01 – 2021-12-31
−USD 483 million
Exact value

Exact value: -483000000 USD

2021-01-01 – 2021-12-31: -483000000 USD Inspect Net Income Open source
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USD 483 million
Exact value

Exact value: 483000000 USD

2021-01-01 – 2021-12-31: 483000000 USD Inspect Operating Cash Flow Open source
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USD 159 million
Exact value

Exact value: 159000000 USD

2021-01-01 – 2021-12-31: 159000000 USD Inspect Capital Expenditure Open source
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USD 324 million
Calculation and evidence

483000000 − 159000000 USD

Exact free cash flow: 324000000 USD

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2022 2022-01-01 – 2022-12-31
−USD 78 million
Exact value

Exact value: -78000000 USD

2022-01-01 – 2022-12-31: -78000000 USD Inspect Net Income Open source
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USD 452 million
Exact value

Exact value: 452000000 USD

2022-01-01 – 2022-12-31: 452000000 USD Inspect Operating Cash Flow Open source
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USD 171 million
Exact value

Exact value: 171000000 USD

2022-01-01 – 2022-12-31: 171000000 USD Inspect Capital Expenditure Open source
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USD 281 million
Calculation and evidence

452000000 − 171000000 USD

Exact free cash flow: 281000000 USD

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2023 2023-01-01 – 2023-12-31
−USD 1.23 billion
Exact value

Exact value: -1231000000 USD

2023-01-01 – 2023-12-31: -1231000000 USD Inspect Net Income Open source
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USD 271 million
Exact value

Exact value: 271000000 USD

2023-01-01 – 2023-12-31: 271000000 USD Inspect Operating Cash Flow Open source
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USD 140 million
Exact value

Exact value: 140000000 USD

2023-01-01 – 2023-12-31: 140000000 USD Inspect Capital Expenditure Open source
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USD 131 million
Calculation and evidence

271000000 − 140000000 USD

Exact free cash flow: 131000000 USD

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2024 2024-01-01 – 2024-12-31
USD 338 million
Exact value

Exact value: 338000000 USD

2024-01-01 – 2024-12-31: 338000000 USD Inspect Net Income Open source
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USD 541 million
Exact value

Exact value: 541000000 USD

2024-01-01 – 2024-12-31: 541000000 USD Inspect Operating Cash Flow Open source
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USD 147 million
Exact value

Exact value: 147000000 USD

2024-01-01 – 2024-12-31: 147000000 USD Inspect Capital Expenditure Open source
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USD 394 million
Calculation and evidence

541000000 − 147000000 USD

Exact free cash flow: 394000000 USD

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2025 2025-01-01 – 2025-12-31
−USD 232 million
Exact value

Exact value: -232000000 USD

2025-01-01 – 2025-12-31: -232000000 USD Inspect Net Income Open source
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USD 560 million
Exact value

Exact value: 560000000 USD

2025-01-01 – 2025-12-31: 560000000 USD Inspect Operating Cash Flow Open source
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USD 276 million
Exact value

Exact value: 276000000 USD

2025-01-01 – 2025-12-31: 276000000 USD Inspect Capital Expenditure Open source
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USD 284 million
Calculation and evidence

560000000 − 276000000 USD

Exact free cash flow: 284000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

42 filings · 3,162 latest values · 3,162 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001739104, 1739104, ELAN, edgar:1739104

Also known as ELANCO ANIMAL HEALTH INCORPORATED, Elanco Animal Health Inc, Elanco Animal Health Inc., Elanco Animal Health Incorporated