Eli Lilly (LLY) Return on Invested Capital [ROIC] (2010 - 2026)
Eli Lilly's Return on Invested Capital [ROIC] came in at 38.16% for Q3 2026, up 4.48 percentage points from 33.68% a year earlier and up 0.99 percentage points from the prior quarter.
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Analysis
Eli Lilly (LLY) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Eli Lilly's Return on Invested Capital [ROIC] was 40.07%, up 7.90 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +11.14 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 32.17% in FY2024 (+6.18 pp), 25.99% in FY2023 (-1.80 pp), 27.79% in FY2022 (+0.37 pp) and 27.42% in FY2021 (-1.51 pp).
- The Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2010.
- Year-over-year, Return on Invested Capital [ROIC] has increased for 11 consecutive quarters, with an average year-over-year change of +5.91 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2026 (a gain of 7.76 percentage points), and the weakest in Q2 2023 (a drop of 8.00 percentage points).
- Business Quant data shows LLY's Return on Invested Capital [ROIC] at 37.16% (Q2 2026), 37.83% (Q1 2026) and 34.61% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,224.11 Bn | 1,197.72 Bn | 20.46 Bn | 38.16% |
| 2 | Johnson & Johnson | 665.34 Bn | 585.20 Bn | 17.30 Bn | 17.57% |
| 3 | AbbVie | 515.72 Bn | 483.73 Bn | 13.12 Bn | 24.28% |
| 4 | Merck | 362.64 Bn | 325.58 Bn | 13.19 Bn | 2.88% |
| 5 | Novartis Ag | 315.51 Bn | 288.75 Bn | - | - |
| 6 | Astrazeneca | 289.26 Bn | 263.15 Bn | 13.26 Bn | 24.11% |
| 7 | Amgen | 249.20 Bn | 200.85 Bn | 7.58 Bn | 15.60% |
| 8 | Gilead Sciences | 207.48 Bn | 182.59 Bn | 6.73 Bn | -6.11% |
| 9 | Pfizer | 167.49 Bn | 114.85 Bn | 12.56 Bn | 12.34% |
| 10 | Vertex Pharmaceuticals | 138.73 Bn | 110.72 Bn | 2.91 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.16% |
| Jun 30, 2026 | 37.16% |
| Mar 31, 2026 | 37.83% |
| Dec 31, 2025 | 34.61% |
| Sep 30, 2025 | 33.68% |
| Jun 30, 2025 | 31.95% |
| Mar 31, 2025 | 30.06% |
| Dec 31, 2024 | 28.95% |
| Sep 30, 2024 | 25.97% |
| Jun 30, 2024 | 25.86% |
| Mar 31, 2024 | 24.35% |
| Dec 31, 2023 | 24.27% |
| Sep 30, 2023 | 24.65% |
| Jun 30, 2023 | 22.66% |
| Mar 31, 2023 | 22.36% |
| Dec 31, 2022 | 27.79% |
| Sep 30, 2022 | 29.73% |
| Jun 30, 2022 | 30.67% |
| Mar 31, 2022 | 29.51% |
| Dec 31, 2021 | 26.02% |
API Access
Eli Lilly Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=LLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=LLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();