Does Eli Lilly Stock Lead the Pack?

LLY: Eli Lilly logo
LLY
Eli Lilly

Eli Lilly’s (LLY) stock has significantly outperformed over the past year. However, how does it truly stack up against peers like Merck (MRK) and Pfizer (PFE) in the evolving pharmaceutical landscape? While LLY boasts exceptional LTM revenue growth of 36.8% and a robust operating margin of 43.0%, its premium valuation with a PE ratio of 67.88 and a negative free cash flow margin raise questions about sustained upside compared to more established, value-focused rivals.

  • LLY’s 43.0% operating margin, highest among peers, highlights efficient operations and pricing power from its innovative drug portfolio.
  • LLY’s 36.8% revenue growth, outpacing peers, stems from surging demand for its GLP-1 drugs, Mounjaro and Zepbound.
  • LLY’s 39.5% gain and 67.9 P/E reflect investor confidence in its GLP-1 franchise and robust pipeline, signaling strong future growth.

Here’s how Eli Lilly stacks up across size, valuation, and profitability versus key peers.

  LLY MRK PFE BMY BDX
Market Cap ($ Bil) 936.8 237.0 138.7 93.5 54.4
Revenue ($ Bil) 53.3 64.2 62.8 48.0 21.4
PE Ratio 67.9 12.4 14.1 15.5 34.3
LTM Revenue Growth 36.8% 1.7% 3.9% 1.3% 7.9%
LTM Operating Margin 43.0% 34.9% 24.6% 23.8% 13.8%
LTM FCF Margin -0.1% 20.3% 16.5% 31.9% 11.9%
12M Market Return 39.5% 1.1% 4.9% -16.7% -13.0%

For more details on Eli Lilly, read Buy or Sell LLY Stock. Below we compare LLY’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2024 2023 2022
LLY 36.8% 32.0% 19.6% 0.8%
MRK 1.7% 6.7% 1.4% 21.7%
PFE 3.9% 6.8% -41.1% 24.5%
BMY 1.3% 7.3% -2.5% -0.5%
BDX 7.9% 4.2% 2.7% -1.4%

Operating Margin Comparison

  LTM 2024 2023 2022
LLY 43.0% 38.9% 31.6% 30.3%
MRK 34.9% 31.5% 4.9% 30.8%
PFE 24.6% 23.3% 7.1% 36.7%
BMY 23.8% 12.2% 18.2% 19.7%
BDX 13.8% 14.2% 12.5% 13.1%

PE Ratio Comparison

  LTM 2024 2023 2022
LLY 67.9 65.7 100.1 52.8
MRK 12.4 14.7 757.8 19.3
PFE 14.1 18.7 76.7 9.2
BMY 15.5 -12.8 13.2 24.2
BDX 34.3 38.6 47.0 40.7

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