Eli Lilly and Company
LLY
$1 010.31 -0.41%
Exchange: NYSE | Sector: Healthcare | Industry: Drug Manufacturers General
Q4 2024
Published: Feb 19, 2025

Earnings Highlights

  • Revenue of $13.53B up 44.7% year-over-year
  • EPS of $4.88 increased by 111.3% from previous year
  • Gross margin of 82.2%
  • Net income of 4.41B
  • ""2024 was a productive year for Lilly. We grew our top line, advanced our pipeline and invested in our supply chain to meet the increasing demand for our medicines."" - David Ricks
LLY
Eli Lilly and Company

Executive Summary

Eli Lilly and Company reported remarkable financial results for the fourth quarter of 2024, with a revenue of $13.53 billion, marking a strong 45% increase from the prior year. This surge was primarily driven by the impressive performance of its recently launched products Mounjaro and Zepbound, which collectively contributed over $3.1 billion. Net income soared to $4.41 billion, a staggering year-over-year increase of 101.39%, translating to an earnings per share (EPS) of $4.88. The company also showcased its commitment to innovation with the initiation of several new Phase III studies and strategic investments in its manufacturing capabilities. Management remains optimistic about 2025, projecting revenues of $58 to $61 billion, driven by sustained growth in the incretin class and expanding access to their innovative therapies.

Key Performance Indicators

Revenue
Increasing
13.53B
QoQ: 18.30% | YoY: 44.68%
Gross Profit
Increasing
11.13B
82.24% margin
QoQ: 20.08% | YoY: 44.64%
Operating Income
Increasing
5.15B
QoQ: 16.11% | YoY: 67.27%
Net Income
Increasing
4.41B
QoQ: 354.48% | YoY: 101.39%
EPS
Increasing
4.88
QoQ: 351.85% | YoY: 111.26%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 13,532.80 4.88 +44.7% View
Q3 2024 11,439.10 1.07 +20.4% View
Q2 2024 11,302.80 3.28 +36.0% View
Q1 2024 8,768.00 2.48 +26.0% View
Q4 2023 9,353.40 2.31 +28.1% View