Eli Lilly (LLY) Return on Invested Capital [ROIC] (2010 - 2026)
Eli Lilly's Return on Invested Capital [ROIC] came in at 37.16% for Q2 2026, up 5.21 percentage points from 31.95% a year earlier but down 0.66 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 five-year range for quarterly Return on Invested Capital [ROIC] is 22.36% (Q1 2023) to 37.83% (Q1 2026).
- Year-over-year, Return on Invested Capital [ROIC] has increased for ten consecutive quarters, with an average year-over-year change of +5.52 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 37.83% (Q1 2026), 34.61% (Q4 2025) and 33.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 37.16% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 16.10% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 18.68% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 3.56% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 21.95% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 28.83% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 14.33% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 13.44% |
| 10 | Vertex Pharmaceuticals | 127.87 Bn | 99.88 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 27.17% |
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();