Comparing Revenue Performance: Eli Lilly and Company or BioMarin Pharmaceutical Inc.?

Eli Lilly vs. BioMarin: A Decade of Revenue Growth

__timestampBioMarin Pharmaceutical Inc.Eli Lilly and Company
Wednesday, January 1, 201475104000019615600000
Thursday, January 1, 201588989500019958700000
Friday, January 1, 2016111685400021222100000
Sunday, January 1, 2017131364600022871300000
Monday, January 1, 2018149121200021493300000
Tuesday, January 1, 2019170404800022319500000
Wednesday, January 1, 2020186045500024539800000
Friday, January 1, 2021184627500028318400000
Saturday, January 1, 2022209603900028541400000
Sunday, January 1, 2023241922600034124100000
Monday, January 1, 2024285391500045042700000
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Unveiling the hidden dimensions of data

A Decade of Revenue Growth: Eli Lilly vs. BioMarin

In the competitive landscape of pharmaceuticals, revenue growth is a key indicator of success. Over the past decade, Eli Lilly and Company has consistently outperformed BioMarin Pharmaceutical Inc. in terms of revenue. From 2014 to 2023, Eli Lilly's revenue surged by approximately 74%, reaching a peak of $34.1 billion in 2023. In contrast, BioMarin's revenue grew by about 222%, yet it only reached $2.4 billion in the same year.

Eli Lilly's robust growth can be attributed to its strong portfolio of blockbuster drugs and strategic acquisitions. Meanwhile, BioMarin, known for its focus on rare diseases, has shown impressive growth rates, albeit from a smaller base. This comparison highlights the diverse strategies within the pharmaceutical industry and underscores the importance of scale and innovation in driving financial performance.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025