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Side-by-side financial comparison of Elanco Animal Health Inc (ELAN) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.1B, roughly 1.9× Elanco Animal Health Inc). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -24.1%, a 47.6% gap on every dollar of revenue. On growth, Elanco Animal Health Inc posted the faster year-over-year revenue change (12.2% vs -36.8%). Over the past eight quarters, Elanco Animal Health Inc's revenue compounded faster (-2.6% CAGR vs -11.9%).
Elanco Animal Health Incorporated is an American pharmaceutical company which produces medicines and vaccinations for pets and livestock. Until 2019, the company was a subsidiary of Eli Lilly and Company, before being divested. It is the third-largest animal health company in the world.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
ELAN vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.2B |
| Net Profit | $-276.0M | $515.8M |
| Gross Margin | 51.5% | — |
| Operating Margin | -22.6% | — |
| Net Margin | -24.1% | 23.5% |
| Revenue YoY | 12.2% | -36.8% |
| Net Profit YoY | -3350.0% | 72.6% |
| EPS (diluted) | $-0.55 | $6.57 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $1.0B | $4.0B | ||
| Q2 24 | $1.2B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-276.0M | $760.5M | ||
| Q3 25 | $-34.0M | $916.5M | ||
| Q2 25 | $11.0M | $835.4M | ||
| Q1 25 | $67.0M | $170.0M | ||
| Q4 24 | $-8.0M | $-189.7M | ||
| Q3 24 | $364.0M | $1.2B | ||
| Q2 24 | $-50.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 51.5% | — | ||
| Q3 25 | 53.4% | — | ||
| Q2 25 | 57.5% | — | ||
| Q1 25 | 57.3% | — | ||
| Q4 24 | 50.9% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 58.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | -22.6% | 42.5% | ||
| Q3 25 | -4.4% | 46.3% | ||
| Q2 25 | 2.0% | 41.8% | ||
| Q1 25 | 5.0% | -2.0% | ||
| Q4 24 | -5.0% | -3.6% | ||
| Q3 24 | 54.3% | 43.7% | ||
| Q2 24 | -2.7% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -24.1% | 25.6% | ||
| Q3 25 | -3.0% | 28.7% | ||
| Q2 25 | 0.9% | 26.1% | ||
| Q1 25 | 5.6% | 4.9% | ||
| Q4 24 | -0.8% | -8.3% | ||
| Q3 24 | 35.3% | 29.8% | ||
| Q2 24 | -4.2% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.55 | $16.16 | ||
| Q3 25 | $-0.07 | $19.40 | ||
| Q2 25 | $0.02 | $17.20 | ||
| Q1 25 | $0.13 | $3.27 | ||
| Q4 24 | $-0.01 | $-3.76 | ||
| Q3 24 | $0.73 | $22.62 | ||
| Q2 24 | $-0.10 | $9.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $545.0M | $1.6B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $6.5B | $4.3B |
| Total Assets | $13.4B | $53.7B |
| Debt / EquityLower = less leverage | 0.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $545.0M | $1.7B | ||
| Q3 25 | $505.0M | $1.7B | ||
| Q2 25 | $539.0M | $1.4B | ||
| Q1 25 | $487.0M | $1.6B | ||
| Q4 24 | $468.0M | $1.7B | ||
| Q3 24 | $490.0M | $1.6B | ||
| Q2 24 | $416.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $4.0B | $2.2B | ||
| Q2 25 | $4.1B | $2.3B | ||
| Q1 25 | $4.4B | $2.8B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.4B | $1.9B | ||
| Q2 24 | $5.7B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $6.5B | $11.6B | ||
| Q3 25 | $6.7B | $11.5B | ||
| Q2 25 | $6.8B | $10.8B | ||
| Q1 25 | $6.4B | $10.3B | ||
| Q4 24 | $6.1B | $10.6B | ||
| Q3 24 | $6.5B | $11.2B | ||
| Q2 24 | $5.9B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $13.4B | $53.8B | ||
| Q3 25 | $13.6B | $54.5B | ||
| Q2 25 | $13.7B | $54.7B | ||
| Q1 25 | $12.9B | $53.6B | ||
| Q4 24 | $12.6B | $50.7B | ||
| Q3 24 | $13.3B | $52.8B | ||
| Q2 24 | $13.8B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.20× | ||
| Q3 25 | 0.59× | 0.19× | ||
| Q2 25 | 0.61× | 0.21× | ||
| Q1 25 | 0.69× | 0.27× | ||
| Q4 24 | 0.70× | 0.18× | ||
| Q3 24 | 0.67× | 0.17× | ||
| Q2 24 | 0.96× | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $108.0M | — |
| Free Cash FlowOCF − Capex | $46.0M | — |
| FCF MarginFCF / Revenue | 4.0% | — |
| Capex IntensityCapex / Revenue | 5.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $284.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $108.0M | $483.0M | ||
| Q3 25 | $219.0M | $1.6B | ||
| Q2 25 | $237.0M | $1.5B | ||
| Q1 25 | $-4.0M | $157.8M | ||
| Q4 24 | $177.0M | $778.9M | ||
| Q3 24 | $162.0M | $1.5B | ||
| Q2 24 | $200.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $46.0M | — | ||
| Q3 25 | $127.0M | — | ||
| Q2 25 | $180.0M | — | ||
| Q1 25 | $-69.0M | — | ||
| Q4 24 | $130.0M | — | ||
| Q3 24 | $120.0M | — | ||
| Q2 24 | $166.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 2.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 21.55× | 1.76× | ||
| Q1 25 | -0.06× | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.45× | 1.26× | ||
| Q2 24 | — | 2.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELAN
| Pet Health | $489.0M | 43% |
| Cattle | $296.0M | 26% |
| Poultry | $237.0M | 21% |
| Swine | $107.0M | 9% |
| Contract Manufacturing | $15.0M | 1% |
RNR
Segment breakdown not available.
