Elanco Animal Health Gross Margin 2016-2024 | ELAN
- Elanco Animal Health average gross margin for 2023 was 57.04%, a 0.81% decline from 2022.
- Elanco Animal Health average gross margin for 2022 was 56.58%, a 6.69% increase from 2021.
- Elanco Animal Health average gross margin for 2021 was 53.03%, a 6.19% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.