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Amneal Pharmaceuticals vs Elanco Animal Health

Elanco Animal Health is the larger business, with $4.71bn of revenue in fiscal 2025 against $3.02bn for Amneal Pharmaceuticals (1.6 times as much). Amneal Pharmaceuticals grew faster (8.0% against 6.2%). Amneal Pharmaceuticals kept more of each dollar of sales as profit: a net margin of 2.4% against -4.9%.

Latest fiscal yearAmneal PharmaceuticalsAMRX, 2025Elanco Animal HealthELAN, 2025
Revenue $3.02bn $4.71bn
Revenue growth 8.0% 6.2%
Net income $72.1m −$232m
Operating margin 13.1% —
Net margin 2.4% -4.9%
Return on equity — -3.7%
Free cash flow $270m $284m
Cash $282m $545m
Total debt $2.69bn $4.02bn
Debt to equity — 61.4%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 8,500 9,000
Market value $6.60bn $12.23bn
Price vs our value range Above our value range Above our value range
Moat score 34 (Weak) 42 (Weak)
Insider trades, 12 months 0 buys, 7 sales 11 buys, 1 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.