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Companies / Health Care / Elanco Animal Health Inc
ELAN

Elanco Animal Health Inc

Health CarePharmaceutical Preparations
Ticker ELANINDIANAPOLIS, INFiscal year ends DecemberBook value per share $13.02Diluted shares 505.9M

Elanco Animal Health Incorporated (ELAN: NASDAQ) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets. The company operates as a single segment within the animal health industry, offering a comprehensive portfolio… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.71BFY2025
+6.2% year over year
Last 12 mo $5.02B
0.32%FY2025
−2 percentage points
Last 12 mo 1.61%
$-232.00MFY2025
−168.6% year over year
Last 12 mo $-199.00M
-0.05%FY2025
−7.3 percentage points
Last 12 mo -3.02%
Cash & financing
$560.00MFY2025
+3.5% year over year
Last 12 mo $617.00M
$284.00MFY2025
−27.9% year over year
Last 12 mo $379.00M
0.61FY2025
Was 0.71× a year earlier
Last 12 mo 0.59
496.4MFY2025
−0.2% year over year
Last 12 mo 505.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Elanco Animal Health Inc does

In the company’s own words

Elanco Animal Health Incorporated (ELAN: NASDAQ) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets. The company operates as a single segment within the animal health industry, offering a comprehensive portfolio marketed under approximately 200 brands sold in more than 90 countries. Elanco's website is www.elanco.com.

The company's product portfolio is divided into two primary categories: pet health and farm animal products. Pet health offerings focus on parasiticides, dermatology, vaccines, and pain therapeutics for dogs and cats, including flagship brands such as the Advantage Family, Seresto, Credelio Family, and Zenrelia. Farm animal products serve cattle, poultry, swine, and sheep producers through medicated feed additives, injectable antibiotics, vaccines, insecticides, and enzymes, with key products including Rumensin, Maxiban, and Monteban. In 2025, the company's top five product families represented approximately 38 percent of total revenue, with the Advantage Family alone accounting for approximately 10 percent.

Geographically, the United States represents the company's largest market at 47 percent of total revenue, with Brazil, the United Kingdom, and China serving as the largest international markets. The company employs approximately 9,400 full-time employees and 500 fixed-duration employees globally, with approximately 30 percent of the workforce based in the United States.

Elanco operates a global manufacturing network comprising 16 internal sites and approximately 140 contract manufacturing organizations. The company maintains research and development centers of excellence across multiple continents, including facilities in Australia, Germany, India, Switzerland, Brazil, China, and the United States, with over 1,000 employees dedicated to R&D and regulatory affairs.

The company traces its heritage to 1954 as a business unit of Eli Lilly and Company, becoming independently incorporated in September 2018 with separation finalized in March 2019. A transformational acquisition of Bayer Animal Health in August 2020 marked the largest acquisition in industry history, enabling Elanco to become a more diverse, durable, and globally scaled organization with enhanced geographic and product portfolio balance.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
INDIANAPOLIS, IN
Fiscal year end
December
CIK
1739104
SIC
2834

Financial performance, year by year

Fiscal 2017–2025 · USD
$-1.86B$19.20M$1.89B$3.77B$5.65B201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Elanco Animal Health Inc — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

460
funds hold it
0 of 35
superinvestors hold it
$7.64B
held by funds, at market
63.6%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Elanco Animal Health Inc’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.90%of fund net assets
VANGUARD PRIMECAP FUND
VPMCX · VANGUARD CHESTER FUNDS
0.45%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.34%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Elanco Animal Health Inc’s bonds, as funds hold them

Funds report holding 1 issues of Elanco Animal Health Inc’s debt, $299.55M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.40%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Elanco Animal Health Inc and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Elanco Animal Health Inc's earnings go — cash, debt, buybacks, reinvestment?”
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