ELI LILLY & Co (LLY) closed fiscal year 2025 with a gross margin of 83.0 % and a net margin of 31.7 %.
ELI LILLY & Co (LLY) closed fiscal year 2025 with a gross margin of 83.0 % and a net margin of 31.7 %. The same year shows an EBITDA margin of 43.4 % and an EBIT margin of 40.4 %. The free cash flow margin was 13.8 %. Against the previous year the gross margin moved +1.7 pp and the net margin +8.2 pp. Across the period the gross margin ranges between 73.1 % in 2016 and 83.0 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 77.20 % | 78.52 % | 80.55 % | 81.08 % | 79.13 % | 78.78 % | 78.76 % | 74.85 % | 74.76 % | 73.09 % | 77.73 % | 78.22 % | 78.85 % | 77.66 % | 74.18 % | 76.77 % | 79.25 % | 81.31 % | 83.04 % |
| EBITDA margin (%) | — | -1.04 % | 31.53 % | 35.10 % | 31.67 % | 25.17 % | 29.49 % | 20.59 % | 20.63 % | 22.42 % | 17.88 % | 23.93 % | 27.81 % | 30.08 % | 27.91 % | 30.31 % | 23.40 % | 32.56 % | 43.42 % |
| EBIT margin (%) | — | -6.55 % | 25.59 % | 29.35 % | 26.01 % | 18.70 % | 23.24 % | 13.56 % | 13.47 % | 15.37 % | 10.03 % | 16.44 % | 22.29 % | 24.69 % | 22.45 % | 24.97 % | 18.92 % | 28.64 % | 40.35 % |
| Net margin (%) | 15.85 % | -10.17 % | 19.82 % | 21.97 % | 17.90 % | 18.09 % | 20.27 % | 12.19 % | 12.07 % | 12.90 % | -1.02 % | 15.04 % | 37.27 % | 25.24 % | 19.71 % | 21.88 % | 15.36 % | 23.51 % | 31.67 % |
| FCF margin (%) | 21.85 % | 31.16 % | 16.35 % | 26.71 % | 27.02 % | 19.46 % | 20.43 % | 16.80 % | 9.51 % | 17.97 % | 22.72 % | 20.07 % | 17.04 % | 20.83 % | 21.39 % | 20.08 % | 2.32 % | 8.35 % | 13.77 % |
