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ELAN · Elanco Animal Health Inc

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$26.78 +0.28 (+1.06%) At close · Nov 13
Market Cap
$13.39B
Shares
499.83M
Volume · Nov 13 5.38M Avg daily vol (3M) 5.33M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$26.78 Open$26.70 Day$26.22–26.91 52W close$19.80–26.84 Avg vol 30d5.3M Short int32.9M · 6.6% of shares · 7.2d Short vol33% Last earningsNov 6, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Feb 23, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 9
Investor event
9% growth drives leverage to 2.9 times

Elanco reported 9% organic growth and leverage of 2.9 times, while reaffirming 2027 targets of mid-single-digit revenue growth, high-single-digit EBITDA growth and low-double-digit earnings growth.

4 source passages
And it is my pleasure to introduce you to Bobby Modi, EVP of U.S. Pet Health, and Bob Van Hembergen, who is the chief financial officer of Elanco. Growth in the quarter was 9% organically, 11% reported, which included about a point of growth from AHV that we acquired here earlier this year. we were able to get leveraged at 2.9 times. That was a major milestone for the company. we have a tremendous amount of clarity around our 2027 business plan, and we'll be meeting with the board next week to present that. But just a high degree of confidence, what we did do is reiterate our algorithm that we shared at Investor Day in December last year, which we did say we expect to grow mid-single digits from 25 to 28. We expect EBITDA to grow at high single digits, and we expect earnings to grow at low double digits. Open the document at this passage
Nov 6
Earnings call
2026 outlook raised after third-quarter revenue grows 11%

Elanco Animal Health raised its 2026 organic constant-currency revenue growth outlook to approximately 8% from 6% to 7%, reported revenue guidance of $5.155 billion to $5.18 billion, and adjusted EPS guidance of $1.17 to $1.20.

Read from the first part of this long document
4 source passages
Good morning. Thank you for joining us for Elanco Animal Health's third quarter 2026 earnings call. Elanco delivered an outstanding third quarter, outperforming our commitments and growing revenue 11% on a reported basis or 9% in organic constant currency. We now expect organic constant currency revenue growth of approximately 8%, up from the previous range of 6% to 7%. This translates to reported revenue of $5.155 billion to $5.18 billion, with our assumption for foreign exchange tailwinds and AHV international contributions remaining unchanged. For adjusted EPS, we are raising our guidance by $0.06 at the midpoint, bringing the new range to $1.17 to $1.20. Open the document at this passage
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rises 11%, net income turns positive

Elanco reported revenue of $1,265 million, up 11%, and net income of $18 million versus a net loss of $34 million for the three months ended September 30, 2026.

Revenue $1.27B ▲ 11.3% Net income $18M Diluted EPS $0.04
Read from the MD&A section
6 source passages
Elanco is a global leader in animal health, dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets. Three Months Ended September 30, 2026 | 2025 | % Change (Dollars in millions) Revenue | 1,265 | 1,137 | 11% Net income (loss) | 18 | (34) | NM Open the document at this passage
Nov 6
Current report 8-K
Elanco raises 2026 outlook after third-quarter growth

Elanco Animal Health reported third-quarter 2026 revenue of $1.265 billion, up 11%, adjusted EPS of $0.27 and a 2.9x net leverage ratio. It raised 2026 revenue guidance to $5.155 billion to $5.18 billion.

Financial results
5 source passages
Revenue of $1.265 billion, an increase of 11% year-over-year; 9% organic constant currency growth Reported EPS of $0.04, Adjusted EPS of $0.27 Net leverage ratio of 2.9x Adjusted EBITDA Raising revenue guidance to $5.155 billion to $5.18 billion, or approximately 8% organic constant currency growth Elanco Animal Health Incorporated (NYSE: ELAN) today reported financial results for the third quarter of 2026, provided guidance for the fourth quarter of 2026, updated guidance for the full year 2026, and provided an early outlook for the full year 2027. Open the document at this passage
Sep 22
Investor event
BofA Securities Global Healthcare Conference 2026

Elanco targets mid-single-digit revenue growth, high-single-digit EBITDA growth and low-double-digit EPS growth through 2028, while advancing 15 clinical projects toward five to six pipeline additions by 2031.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$5.15B
Trailing 12 months
Net income (TTM)
−$147.00M
Trailing 12 months
Revenue growth YoY
+11.3%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
3.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$3.24B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+2.0%
Year over year · more shares
Price change (1Y)
+21.8%
Trailing year
Short interest
6.6%
Latest settlement · 7.2 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. Elanco reported Q2 organic constant currency revenue growth of 8% and raised full-year guidance, including innovation revenue to ~$1.25 billion, adjusted EBITDA to $1.01–$1.035B, adjusted EPS to $1.10–$1.16, and improved its year-end net leverage target to ~3.0x. Results were driven by 11% growth in U.S. Pet Health and U.S. Farm Animal, led by Zenrelia and Credelio Quattro.

Bullish
  • + Reported 8% organic constant currency revenue growth and 11% growth in both U.S. Pet Health and U.S. Farm Animal, outperforming high end of guidance.
  • + Raised full-year adjusted EBITDA guidance to $1.01–$1.035B (13% growth at midpoint) and adjusted EPS to $1.10–$1.16 (20% growth at midpoint).
  • + Adjusted EBITDA grew 21% and adjusted EPS grew 31% year-over-year, with adjusted gross margin up 80 basis points.
  • + Improved year-end net leverage target to approximately 3.0x from prior 3.0–3.2x range, with net debt down ~$90M in the quarter.
  • + Zenrelia reached blockbuster status with U.S. JAK share up 9 points YoY and Credelio Quattro added 4 points of broad-spectrum share in Q2, reaching over 50% of U.S. clinics.
Bearish
  • − Reported net interest expense increased $11M YoY to $59M, partly from imputed interest on sale-of-future-revenue liability.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Neutral Fundamentals Fair Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +12%
above
Price vs 50-day avg +15%
above
RSI (14) 68
neutral
MACD trend Positive
52-week position 99%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +14%
trailing
6-month return +17%
trailing
YTD return +18%
this year
Relative strength +17%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $23 › 200d $24 — 200d above 50d
Institutional flow Distributing
479 of 530 funds reported for Sep 30 · net -7.9M sh shares · +61 new
Insider flow Accumulating
Net +$1.0M over 90 days · 0% sells
Short interest Rising
6.59% of shares out · ▲ +5.8% MoM · 7.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
530 holders — near 3-yr high, broad support
Squeeze score 67
elevated · 0–100
Fundamentals
Fair
Revenue growth +6%
Y/Y
Gross margin 55%
expanding
EPS growth −169%
Y/Y
Free cash flow $284.0M
Balance sheet $3.9B
net debt
Quant / Vol
risk profile
Moderate
Volatility 43%
annualized · 1-yr
Max drawdown −26%
past year
ATR 3.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 7 of last 8
Latest guidance · from the 8-K filed Nov 6, 2026
Full Year 2026
Innovation revenue target Initiated $1.28B
Adjusted EBITDA guidance Non-GAAP Raised $1.05B – $1.07B
Aug 5, 2026 $1.01B – $1.04B changed to Nov 6, 2026 $1.05B – $1.07B
Adjusted EPS guidance Non-GAAP Raised $1.17 – $1.20
Aug 5, 2026 $1.10 – $1.16 changed to Nov 6, 2026 $1.17 – $1.20
Innovation revenue Raised $1.28B
Aug 5, 2026 $1.25B changed to Nov 6, 2026 $1.28B
Organic constant currency revenue growth Non-GAAP 8%
full year 2026
Adjusted gross margin Non-GAAP Raised 55.8% – 56%
Aug 5, 2026 55.2% – 55.6% changed to Nov 6, 2026 55.8% – 56%
Revenue $60M
2026 Fourth Quarter
Adjusted Earnings per Share Non-GAAP Initiated $0.16 – $0.19
Previous outlook earlier release · from the Earnings Call filed Aug 5, 2026

Still-open targets the latest release did not restate under the same label.

Revenue · full year 2026 $5.09B – $5.14B
Elanco Ascend total adjusted EBITDA savings · by 2030 $200M – $250M
Prior guidance period ended · from the Earnings Call filed Aug 5, 2026
Revenue · third quarter 2026 $1.2B – $1.22B
Organic constant currency revenue growth · third quarter 2026 5% – 7%
Operating expense growth (constant currency) · third quarter 2026 11%
Adjusted EPS · third quarter 2026 $0.19 – $0.22
Adjusted EBITDA · third quarter 2026 $200M – $250M
Guided vs delivered · last 8 settled
Revenue third quarter 2026
guided $1.2B – $1.22B
$1.27B Beat +4.8%
Revenue second quarter 2026
guided $1.3B – $1.33B
$1.37B Beat +4.2%
Revenue 2026 First Quarter
guided $1.28B – $1.31B
$1.37B Beat +6.1%
Reported Loss per Share 2025 Full Year
guided $-0.11 – $-0.08
$-0.47 Miss −394.7%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy
0 · 3 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+12% Bullish
Price vs 50-day avg
+15% Bullish
RSI (14)
68 Neutral
MACD trend
Positive Bullish
52-week position
99% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $23 › 200d $24 — 200d above 50d
Institutional flow Distributing
479 of 530 funds reported for Sep 30 · net -7.9M sh shares · +61 new
Insider flow Accumulating
Net +$1.0M over 90 days · 0% sells
Short interest Rising
6.59% of shares out · ▲ +5.8% MoM · 7.2 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
530 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $20 Now $27 · 99% Range high $27
vs 200-day avg +12% vs 50-day avg +15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted gross profit non-GAAP $2.26B Nine Months Ended September 30, 2026 —
Cash provided by operations $216M third quarter of 2026 —
clinics 19,000 Q3 2026 —
EBITDA non-GAAP $861M Nine Months Ended September 30, 2026 —
Net debt non-GAAP $3.01B September 30, 2026 —
new clinics 1,600 Q3 2026 —
Price 4% Q3 2026 —
Total gross debt non-GAAP $3.73B September 30, 2026 —
U.S. JAK market share 7 September —
U.S. share 9 September —
volume 5% third quarter of 2026 —
Befrena U.S. clinic shipments to date 1,400 Q2 2026 —
Credelio Quattro U.S. clinic penetration 50% Q2 2026 —
Net leverage ratio non-GAAP 3.1 as of June 30, 2026 —
Organic constant currency growth non-GAAP 8% Q2 2026 —
Trailing twelve month adjusted EBITDA non-GAAP $1.01B as of June 30, 2026 —
U.S. JAK market share year-over-year change 9 Q2 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Drug Manufacturers - Specialty & Generic — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ELAN
Elanco Animal Health Inc
this stock
$13.39B +18.3% +6.2% — 6.6%
TAK
Takeda Pharmaceutical Co Ltd
$68.47B +37.5% — — 0.1%
GALDY
Galderma Group AG
$53.23B +10.1% — — 0.0%
TEVA
Teva Pharmaceutical Industries Ltd
$51.92B +42.6% +4.3% 101.1 2.4%
JHPCY
Jiangsu Hengrui Pharmaceuticals Co., Ltd.
$40.66B — — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
541
% held
111.9%
Reported
479 of 530
Top holder
FMR LLC
Held Float
View
Held by Funds
Fund positions
502
View
Short & Settlement
Short Interest Rising
Shares short
32.9M
Days to cover
7.2d
Change
+1.8M sh
View
Short Volume
Short vol %
33%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
2.8K
Value
$64.2K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
31.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net buying
Net (90d)
+$1.0M
Buyers / Sellers
2 / 0
Buyers Sellers
View
Congressional Trades Sell
Member
Valerie Hoyle
Amount
$1.0K–$15.0K
Traded
Sep 23, 2025
View
Financials
Financials
Revenue (FY)
$4.7B
Net income (FY)
$-232.0M
EPS diluted
$-0.47
View
Filings
SEC Filings
Latest
Investor Event Transcript
Filed
Nov 9, 2026
This year
18

Elanco reported 9% organic growth and leverage of 2.9 times, while reaffirming 2027 targets of mid-single-digit revenue growth, high-single-digit EBITDA growth and low-double-digit earnings growth.

View
Proposed Sales
Value
$100.1K
Shares
4.4K
Filed
Oct 15, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 9, 2026
View
Investor Relations
Latest news
October Consumer Research Confirm…
Published
Nov 6, 2026
View

Performance

5D 20D 120D MTD YTD
ELAN +4.0% +13.7% +17.4% +16.1% +18.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +1.5% +14.9% +16.9% +16.3% +7.7%
Key facts CIK 1739104 CUSIP 28414H103 13F (30d) 427 filings 388 filers Visit website Investor relations