LLY vs NVS: Eli Lilly and and Novartis AG ADR compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Eli Lilly and is the larger company, worth $1.08T, about 3.9 times Novartis AG ADR.
- On earnings, Novartis AG ADR is the cheaper stock (20.1x vs 43.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LLY | NVS |
|---|---|---|
| Market cap | $1.08T | $275.6B |
| Share price | $1,179.27 | $143.75 |
| Revenue (last fiscal year) | $65.2B | — |
| Free cash flow (last fiscal year) | — | $15.2B |
| Revenue growth, last year | +47.7% | — |
| Revenue growth per year, last 5 fiscal years | +23.2% | — |
| Operating margin | — | — |
| Net margin | 33.5% | — |
| Return on equity | 78.8% | 33.3% |
| P/E (trailing) | 43.0x | 20.1x |
| Price / free cash flow | 120.2x | 15.6x |
| EV / EBITDA | 30.4x | 14.2x |
| FCF growth the price implies | — | 3.7% |
| Dividend yield | 0.53% | 3.3% |
| Debt / equity | 3.20x | 1.48x |
| Fundamental grade | C | B |
| Superinvestors holding it | 12 | 12 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Eli Lilly and
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $28.3B | — | — |
| 2022 | $28.5B | — | — |
| 2023 | $34.1B | — | — |
| 2024 | $45.0B | — | — |
| 2025 | $65.2B | — | — |
Novartis AG ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | — | $12.5B | — |
| 2022 | — | $12.0B | — |
| 2023 | — | $11.7B | — |
| 2024 | — | $13.8B | — |
| 2025 | — | $15.2B | — |
Where the revenue comes from
Eli Lilly and · by products, 2025
Net product revenue$61.0B94%
Collaboration and Other Revenue$4.2B6%
Novartis AG ADR
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open LLY in InvestinglyQuestions
Which is bigger, Eli Lilly and or Novartis AG ADR?
Eli Lilly and (LLY), at $1.08T against $275.6B.
Is LLY or NVS cheaper?
By trailing P/E, Novartis AG ADR (20.1x) is cheaper than Eli Lilly and (43.0x). A lower multiple can also mean the market expects less growth.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.