How Are Eli Lilly's Profit Margins Trending?

Mounjaro manufactured by Eli Lilly and Company packaging is seen in this illustration photo taken in ... [+] a pharmacy in Krakow, Poland on April 9, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesEli Lilly (NYSE: LLY) saw its net income decline by $1 billion or 16% y-o-y to $5.2 billion in 2023. This can primarily be attributed to higher acquired in-process research and development expenses (IPR&D). In this note, we discuss Eli Lilly’s margin profile along with its stock ...