Eli Lilly and Company vs Bristol-Myers Squibb Company: Efficiency in Cost of Revenue Explored

Cost Efficiency Showdown: Eli Lilly vs. Bristol-Myers Squibb

__timestampBristol-Myers Squibb CompanyEli Lilly and Company
Wednesday, January 1, 201439320000004932500000
Thursday, January 1, 201539090000005037200000
Friday, January 1, 201649460000005654900000
Sunday, January 1, 201760660000006070200000
Monday, January 1, 201865470000004681700000
Tuesday, January 1, 201980780000004721200000
Wednesday, January 1, 2020117730000005483300000
Friday, January 1, 202199400000007312800000
Saturday, January 1, 2022101370000006629800000
Sunday, January 1, 2023106930000007082200000
Monday, January 1, 2024119490000008418299999
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Cracking the code

Exploring Cost Efficiency: Eli Lilly vs. Bristol-Myers Squibb

In the competitive landscape of the pharmaceutical industry, cost efficiency is a critical factor for success. This analysis delves into the cost of revenue trends for Eli Lilly and Company and Bristol-Myers Squibb Company from 2014 to 2023. Over this period, Bristol-Myers Squibb demonstrated a significant increase in cost efficiency, with their cost of revenue growing by approximately 173%, from $3.9 billion in 2014 to $10.7 billion in 2023. In contrast, Eli Lilly's cost of revenue increased by about 44%, from $4.9 billion to $7.1 billion during the same period.

The data reveals that while both companies have seen growth, Bristol-Myers Squibb's cost of revenue has surged more dramatically, particularly between 2019 and 2020, where it jumped by 46%. This could indicate strategic investments or shifts in operational efficiency. Understanding these trends provides valuable insights into the financial strategies of these pharmaceutical giants.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025