Stock Analysis on Net

Eli Lilly & Co. (NYSE:LLY)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Eli Lilly & Co., ROE, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands


The analysis of the financial data over the observed periods reveals several notable trends in net income, shareholders’ equity, and return on equity (ROE).

Net Income (Loss)
The net income exhibited volatility, with a significant loss recorded in 2008 (-$2,071,900 thousand). Following this downturn, net income recovered strongly, peaking at $8,318,400 thousand in 2019. However, subsequent years showed fluctuations, with amounts generally remaining positive, including a high value of $10,590,000 thousand in 2024, indicating substantial profitability in recent periods.
Total Shareholders’ Equity
Shareholders' equity demonstrated a fluctuating trajectory. It declined sharply in 2008 to $6,735,300 thousand, consistent with the net loss that year. After 2008, equity generally increased, reaching a peak of $17,631,400 thousand in 2013, before experiencing another decline in 2015-2017. The low point occurred in 2019 at $2,606,900 thousand, after which equity steadily rose, culminating at $14,192,100 thousand in 2024.
Return on Equity (ROE)
ROE showed considerable variability, reflecting changing profitability and equity levels. The negative ROE of -30.76% in 2008 aligns with the net loss for that year. Subsequently, ROE surged to an exceptionally high 45.45% in 2009 and remained robust in subsequent years. Notably, 2019 exhibited an anomalously high ROE of 319.09%, likely influenced by the very low equity base. Following this, ROE decreased but stayed elevated above 48% through 2024, signifying strong profitability relative to equity.

Overall, the company experienced significant fluctuations in net income and equity, with a challenging period around 2008 followed by a recovery phase. The extreme ROE values in certain years reflect unusual interactions between net income and relatively low shareholders' equity levels rather than steady operational performance. The recent upward trend in both net income and equity, accompanied by high but more stable ROE, suggests improved financial health and effective equity utilization in the later years.


Comparison to Competitors

Eli Lilly & Co., ROE, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Eli Lilly & Co., ROE, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)