In fiscal year 2025 Eli Lilly reported $65.2B in revenue against Merck's $65.0B, 1.00× as much.
| Measure | LLY | MRK | Gap |
|---|---|---|---|
| Revenue | $65.2B | $65.0B | ×1.00 |
| Cost of revenue | $11.1B | $16.4B | ×1.48 |
| Operating income | $25.7B | $21.1B | ×1.22 |
| Net income | $20.6B | $18.3B | ×1.13 |
| EPS (diluted) | 22.95 | 7.28 | ×3.15 |
| Total assets | $112B | $137B | ×1.22 |
| Shareholders' equity | $26.5B | $52.6B | ×1.98 |
| Cash | $7.3B | $14.6B | ×2.00 |
| Long-term debt | $40.9B | $46.8B | ×1.14 |
| Shares outstanding | 943M | 2.5B | ×2.62 |
| Net margin | 31.7% | 28.1% | ×1.13 |
| Operating margin | 39.5% | 32.4% | ×1.22 |
| Operating cash flow | $16.8B | $16.5B | ×1.02 |
| R&D expense | $13.3B | $15.8B | ×1.18 |
| Dividends paid | $5.4B | $8.2B | ×1.52 |
| Income tax expense | $5.1B | $2.8B | ×1.82 |
| Share buybacks | $4.1B | $5.1B | ×1.24 |
The larger of the two figures is in bold. Larger is not automatically better: on debt, cost and tax a bigger number is simply a bigger number. This site reports the figures and leaves the judgement to you.
Revenue, year by year
Eli Lilly · 2011–2025
Merck · 2016–2025
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
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{{cite web |title=Eli Lilly vs Merck |url=https://companiesranked.com/en/compare/eli-lilly-vs-merck |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Eli Lilly vs Merck. CompaniesRanked. https://companiesranked.com/en/compare/eli-lilly-vs-merckBibTeX
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author = {{CompaniesRanked}},
title = {{Eli Lilly vs Merck}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/compare/eli-lilly-vs-merck}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
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}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.