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LLYEli Lilly and Company
$1170.48$1.10T
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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LLY logo

Eli Lilly and Company

LLY
NYSE · Large Pharma
$1170.48
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$1.1T
P/E51.0x
52W High$1292.65
Volume2.43M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

GLP-1 Dominance Drives Accelerating Growth, Leverage Risks

Eli Lilly's explosive growth is fueled by its GLP-1 franchise, with revenue accelerating to $23.0B in 2026Q2 (up 47.7% YoY) and gross margins expanding to 85.8%. However, this growth is capital-intensive, as evidenced by debt rising to $54.9B (D/E of 1.62) and...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

LLY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+120% Peers

P/E is 120% above peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 47.7% YoY in 2026Q2, with gross margin expanding to 85.8% from 80.8% in 2024Q2, though operating margin dipped to 39.1% from 45.8% a year ago, suggesting temporary cost pressures.

Analyst Consensus+14.7% target
Buy(45 analysts)
33 Buy9 Hold3 Sell

The Bull Case

Upside Catalysts

Strong Revenue Growth

Eli Lilly reported a 56% year-over-year revenue increase to $19.8 billion in Q1 2026, with EPS up 170% to $8.26.

GLP-1 Market Leadership

Mounjaro and Zepbound are projected to generate over $50 billion in revenue in 2026, with Foundayo expected to earn $1.6 billion.

Robust Pipeline and R&D

Eli Lilly's $50 billion investment in manufacturing and a deep pipeline, including retatrutide, positions it for sustained leadership.

The Bear Case

Key Downside Risks

High Valuation Concerns

The stock's P/E ratio of 40.5x is significantly higher than the industry average of 16.1x, leaving little room for error.

Increasing Competition

The GLP-1 market faces threats from competitors like Novo Nordisk, with oral Wegovy potentially offering superior weight loss benefits.

Pricing and Regulatory Risks

Risks for drugs like Kisunla include bottlenecks in patient diagnosis and potential cannibalization of existing products.

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LLY+8.82%
S&P 500 (^GSPC)+13.20%
1-Year Return
LLY+55.93%
S&P 500 (^GSPC)+15.98%
3-Year Return
LLY+115.79%
S&P 500 (^GSPC)+80.52%
5-Year Return
LLY+423.94%
S&P 500 (^GSPC)+79.55%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
51.0x
Forward P/EExpansion
32.1x
EV/EBITDA60th %ile
36.4x
FCF YieldCash Flow
0.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
51.0x
55.7x
40th· Fair
EV/EBITDA
36.4x
35.6x
60th· Fair
Price/FCF
122.9x
75.6x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$589.07-49.7%
Base (Fair)$1103.70-4.2%
Bull$1684.45+43.9%
$589.07 Bear$1103.70 Base$1684.45 Bull
Current Market Price: $1170.48
Trades at a 6.1% premium to Base DCF ($1103.70)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$65.18B+44.7% YoY
Net income
$20.64B+94.9% YoY
Free cash flow
$8.97B+2065.6% YoY
Operating margin
45.6%+6.7 pts YoY
ROIC (TTM)41.8%
Avg ROIC 5Y-
ROE (TTM)101.2%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate9/12 (82%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$8.38+30.9%
vs $6.40
$23.0B+10.3%
vs $20.8B
Q2 2026
Apr 30, 2026
$8.55+22.7%
vs $6.97
$19.8B+11.1%
vs $17.8B
Q1 2026
Feb 4, 2026
$7.54+9.1%
vs $6.91
$19.3B+7.5%
vs $17.9B
Q4 2025
Oct 30, 2025
$7.02+23.4%
vs $5.69
$17.6B+9.6%
vs $16.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
MarketBeat·1d ago
Oura's $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring

Oura Inc. NASDAQ: OURA launched its roadshow on Sept. 21, 2026, targeting a Nasdaq debut under the ticker OURA during the week of Sept.

Benzinga·1d ago
Eli Lilly Gets Full FDA Approval for Inluriyo in ESR1-Mutated Breast Cancer

The U.S. Food and Drug Administration (FDA) on Friday granted full approval to Eli Lilly and Co.'s (NYSE:LLY) Inluriyo (imlunestrant) in combination with Verzenio (abemaciclib) for pretreated breast cancer patients.

The Motley Fool·1d ago
Should Dividend Investors Buy Pfizer Stock for Its High Yield or Invest in Eli Lilly for Its Dividend Growth?

Eli Lilly's yield of 0.6% looks minimal, but that's only because of how incredibly well the stock has performed. Pfizer has one of the highest yields on the S&P 500, but many investors are fearful that it's too risky.

Zacks Investment Research·1d ago
Novo's CagriSema Outshines Zepbound in Key Phase III Weight-Loss Study

NVO's CagriSema delivers greater weight loss than Eli Lilly's tirzepatide in T2D and 21% weight loss in obesity, strengthening its late-stage pipeline.

Filtered for Eli Lilly and CompanyMore Headlines
04

Compare before deciding

Benchmark LLY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Eli Lilly and Company (LLY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LLY logoLLYEli Lilly and CompanyCurrent
$1170.48$1.1T51.0044.7%31.66%101.15%0.51%
NVO logoNVONovo Nordisk A/S
$39.40$174.96B11.156.43%35.35%59.09%—
PFE logoPFEPfizer Inc.
$27.93$159.19B20.54-1.65%6.81%4.87%—
MRK logoMRKMerck & Co., Inc.
$150.92$372.73B20.731.18%4.78%6.59%—
AZN logoAZNAstraZeneca PLC
$168.37$130.49B12.878.63%17.02%21.72%—
BMY logoBMYBristol-Myers Squibb Company
$62.25$127.12B18.04-0.22%18.87%46.69%—

Compare LLY vs Peers

Eli Lilly and Company (LLY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVO

Most directly comparable listed peer for LLY.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare LLY against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVO, PFE, MRK, AZN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LLY SEC Filings & Documents

Eli Lilly and Company (LLY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

May 20, 2026·SEC

Material company update

May 7, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 12, 2026·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 5, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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LLY Frequently Asked Questions

Eli Lilly and Company (LLY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Eli Lilly and Company's revenue?

Eli Lilly and Company (LLY) reported $79.67B in revenue for fiscal year 2025. This represents a 1038% increase from $7.00B in 1996.

How fast is Eli Lilly and Company growing?

Eli Lilly and Company (LLY) grew revenue by 44.7% over the past year. This is strong growth.

Is LLY profitable?

Yes, Eli Lilly and Company (LLY) is profitable, generating $26.71B in net income for fiscal year 2025 (31.7% net margin).

Dividend & Returns
Does LLY pay dividends?

Yes, Eli Lilly and Company (LLY) pays a dividend with a yield of 0.51%. This makes it attractive for income-focused investors.

What is LLY's return on equity?

Eli Lilly and Company (LLY) has a return on equity (ROE) of 101.2%. This is excellent, indicating efficient use of shareholder capital.

What is Eli Lilly and Company's free cash flow?

Eli Lilly and Company (LLY) generated $20.05B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LLY back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →