Eli Lilly (LLY) Free Cash Flow (2009 - 2025)
Eli Lilly (LLY) recorded Free Cash Flow of $8.22 billion in Q3 2026, up 21.8% from $6.75 billion a year earlier and up 6.0% from the prior quarter.
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Analysis
Eli Lilly (LLY) Free Cash Flow (2009 - 2025) Analysis & Trends
On a TTM basis, Eli Lilly's Free Cash Flow came in at $19.66 billion as of Sep 30, 2026, up 112.1% year-over-year; for FY2025, it came in at $8.97 billion, up 138.6% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $3.76 billion in FY2024 (+374.7%), $792 million in FY2023 (-86.2%), $5.73 billion in FY2022 (-5.4%) and $6.06 billion in FY2021 (+18.5%).
- The Q3 2026 figure is the highest quarterly Free Cash Flow in data going back to Q1 2009.
- On a year-over-year basis, Free Cash Flow rose in four of the last six quarters, with growth averaging 182.9%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 475.8% in Q2 2025, against a decline of 83.1% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $7.76 billion (Q2 2026), $3.01 billion (Q1 2026) and $678 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Yr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 8.97 Bn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 19.70 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 17.82 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 12.36 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | 17.60 Bn |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 11.77 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 8.10 Bn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 9.46 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 9.08 Bn |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 3.19 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.97 Bn |
| Dec 31, 2024 | 3.76 Bn |
| Dec 31, 2023 | 792.00 Mn |
| Dec 31, 2022 | 5.73 Bn |
| Dec 31, 2021 | 6.06 Bn |
| Dec 31, 2020 | 5.11 Bn |
| Dec 31, 2019 | 3.80 Bn |
| Dec 31, 2018 | 4.31 Bn |
| Dec 31, 2017 | 4.54 Bn |
| Dec 31, 2016 | 3.81 Bn |
| Dec 31, 2015 | 1.90 Bn |
| Dec 31, 2014 | 3.30 Bn |
| Dec 31, 2013 | 4.72 Bn |
| Dec 31, 2012 | 4.40 Bn |
| Dec 31, 2011 | 6.56 Bn |
| Dec 31, 2010 | 6.16 Bn |
| Dec 31, 2009 | 3.57 Bn |
API Access
Eli Lilly Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow-annual&ticker=LLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow-annual", "ticker": "LLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow-annual&ticker=LLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();