Eli Lilly vs Novo Nordisk: Revenue Comparison

Eli Lilly (LLY) and Novo Nordisk (NVO) are peers in GLP-1. Eli Lilly reported revenue of $19.8B as of Q1 2026, compared with $96.8B for Novo Nordisk. Novo Nordisk leads on revenue.

Eli Lilly's gross margin is 81.9% versus 86.0% for Novo Nordisk. Eli Lilly's net margin is 37.4% versus 50.1% for Novo Nordisk.

Eli Lilly logo
Eli Lilly
Novo Nordisk logo
Novo Nordisk

Revenue Comparison

Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: Eli Lilly 19.799, Novo Nordisk 96.823.

Latest Quarter Comparison

Table: Latest Quarter Comparison. 15 rows across Metric, Eli Lilly, Novo Nordisk.
MetricEli LillyNovo Nordisk
Market Cap--
Revenue$19.80B$96.82B
Cost of Revenue$3.58B$13.60B
Gross Profit$16.22B$83.22B
Operating Income$8.85B$59.62B
Net Income$7.40B$48.56B
R&D Expense$3.51B$10.28B
Earnings Per Share$8.26$10.91
Gross Margin81.9%86.0%
Operating Margin44.7%61.6%
Net Profit Margin37.4%50.1%
Free Cash Flow$3.01B$12.04B
Cumulative Free Cash Flow$101.90B$654.97B
Operating Cash Flow$5.33B$24.08B
Cash & Equivalents$5.14B$21.13B

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