What Is Happening With Eli Lilly Stock?

LLY: Eli Lilly logo
LLY
Eli Lilly

Eli Lilly (LLY)’s stock skyrocketed nearly 50%, fueled not just by impressive earnings and a sharp margin boost, but also by hitting a $1T market cap and buzz around breakthrough GLP-1 and oral drug prospects. Let’s unpack the forces propelling this remarkable rally.

Below is an analytical breakdown of stock movement into key contributing metrics.

  5252025 11212025 Change
Stock Price ($) 711.1 1,059.7 49.0%
Change Contribution By LTM LTM
Total Revenues ($ Mil) 49,003.2 53,258.1 8.7%
Net Income Margin (%) 22.7% 25.9% 14.3%
P/E Multiple 57.5 69.0 19.8%
Shares Outstanding (Mil) 898.7 897.9 0.1%
Cumulative Contribution 49.0%

So what is happening here? The stock surged 49%, driven by an 8.7% revenue boost, a 14% rise in net margin, and a 20% jump in P/E multiple. Let’s dive into the key moves behind these gains.

Here Is Why Eli Lilly Stock Moved

Relevant Articles
  1. The Next Big Rally in Ford Motor Stock Could Start Like This
  2. The Risk Factors to Watch Out For in NVIDIA Stock
  3. Intuitive Surgical Stock Now 16% Cheaper, Time To Buy
  4. AT&T Stock Pays Out $85 Bil – Investors Take Note
  5. Intel Stock Pays Out $92 Bil – Investors Take Note
  6. Comcast Stock Capital Return Hits $44 Bil

  • 1T Market Cap Reached: Eli Lilly hit a $1 trillion market cap on Nov 21, first pharma to do so, driven by GLP-1 drugs.
  • Strong Q3 Earnings: Q3 2025 revenue of $17.6B and non-GAAP EPS of $7.02 beat estimates, and 2025 guidance was raised.
  • Strong Q2 Earnings: Q2 2025 revenue of $15.56B and adjusted EPS of $6.31 beat forecasts; full-year guidance raised.
  • GLP-1 Drugs Success: High demand for Mounjaro and Zepbound drove significant revenue growth and market share.
  • Oral Drug Anticipation: Anticipation for oral obesity drug Orforglipron’s early 2026 approval fueled future growth outlook.

Our Current Assesment Of LLY Stock

Opinion: We currently find LLY stock attractive but volatile. Why so? Have a look at the full story. Read Buy or Sell LLY Stock to see what drives our current opinion.

Risk: A good way to gauge risk in LLY is by checking how much it fell during major market downturns. It dropped about 43% in the Dot-Com Bubble and over 50% in the Global Financial Crisis. Even during less severe events like the 2018 Correction, Covid pandemic, and the recent Inflation Shock, the stock still dipped around 18-22%. So, while LLY might look solid on paper, history shows it’s not immune to sharp sell-offs when the market turns south.

LLY stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.