Filing Flows › Elanco Animal Health (ELAN) › How it makes money
How Elanco Animal Health (ELAN) makes money
Elanco Animal Health (ELAN) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Farm Animal: brought in $631M (50%); Pet Health brought in $608M (48%); Contract Manufacturing brought in $26.0M (2%). Of every dollar of revenue, 57¢ was left as gross profit, 2¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Farm Animal: | $631M | 49.9% | -0.3% | +6% |
| ↳ Cattle | $339M | 26.8% | +8% | +17% |
| ↳ Poultry | $201M | 15.9% | -10% | -7% |
| ↳ Swine | $91.0M | 7.2% | -6% | +5% |
| Pet Health | $608M | 48.1% | -15% | +14% |
| Contract Manufacturing | $26.0M | 2.1% | +53% | +136% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Cost of revenue | $545M | 43.1% |
| Gross profit | $720M | 56.9% |
| Operating expenses | $696M | 55.0% |
| Operating profit | $24.0M | 1.9% |
| Income tax | $6.0M | 0.5% |
| Net earnings | $18.0M | 1.4% |
| Operating cash flow | $216M | 17.1% |
| Free cash flow | $156M | 12.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.3B | +11% |
| Q2 2026 | $1.4B | +10% |
| Q1 2026 | $1.4B | +15% |
| Q4 2025 | $1.1B | +12% |
| Q3 2025 | $1.1B | +10% |
| Q2 2025 | $1.2B | +5% |
| Q1 2025 | $1.2B | -1% |
From Elanco Animal Health's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Elanco Animal Health make money?
Elanco Animal Health (ELAN) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Farm Animal: brought in $631M (50%); Pet Health brought in $608M (48%); Contract Manufacturing brought in $26.0M (2%). Of every dollar of revenue, 57¢ was left as gross profit, 2¢ was left as operating profit, 1¢ was left as net earnings.
What is Elanco Animal Health's biggest business?
Farm Animal:: $631M in the third quarter 2026, 50% of revenue, +6% from a year earlier.
What is Elanco Animal Health's profit margin?
Net earnings were $18.0M, 1.4% of revenue, in the third quarter 2026; the operating margin was 1.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.