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Side-by-side financial comparison of ENTERPRISE PRODUCTS PARTNERS L.P. (EPD) and Lilly (Eli) (LLY). Click either name above to swap in a different company.

Lilly (Eli) is the larger business by last-quarter revenue ($19.3B vs $14.4B, roughly 1.3× ENTERPRISE PRODUCTS PARTNERS L.P.). Lilly (Eli) runs the higher net margin — 34.4% vs 10.4%, a 24.0% gap on every dollar of revenue. On growth, Lilly (Eli) posted the faster year-over-year revenue change (42.6% vs -6.7%). Over the past eight quarters, Lilly (Eli)'s revenue compounded faster (48.3% CAGR vs 3.3%).

Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

EPD vs LLY — Head-to-Head

Bigger by revenue
LLY
LLY
1.3× larger
LLY
$19.3B
$14.4B
EPD
Growing faster (revenue YoY)
LLY
LLY
+49.2% gap
LLY
42.6%
-6.7%
EPD
Higher net margin
LLY
LLY
24.0% more per $
LLY
34.4%
10.4%
EPD
Faster 2-yr revenue CAGR
LLY
LLY
Annualised
LLY
48.3%
3.3%
EPD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EPD
EPD
LLY
LLY
Revenue
$14.4B
$19.3B
Net Profit
$1.5B
$6.6B
Gross Margin
82.5%
Operating Margin
13.2%
42.8%
Net Margin
10.4%
34.4%
Revenue YoY
-6.7%
42.6%
Net Profit YoY
6.4%
50.5%
EPS (diluted)
$7.39

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.

Revenue
EPD
EPD
LLY
LLY
Q1 26
$14.4B
Q4 25
$13.8B
$19.3B
Q3 25
$12.0B
$17.6B
Q2 25
$11.4B
$15.6B
Q1 25
$15.4B
$12.7B
Q4 24
$14.2B
$13.5B
Q3 24
$13.8B
$11.4B
Q2 24
$13.5B
$11.3B
Net Profit
EPD
EPD
LLY
LLY
Q1 26
$1.5B
Q4 25
$1.6B
$6.6B
Q3 25
$1.3B
$5.6B
Q2 25
$1.4B
$5.7B
Q1 25
$1.4B
$2.8B
Q4 24
$1.6B
$4.4B
Q3 24
$1.4B
$970.3M
Q2 24
$1.4B
$3.0B
Gross Margin
EPD
EPD
LLY
LLY
Q1 26
Q4 25
27.0%
82.5%
Q3 25
28.6%
82.9%
Q2 25
30.5%
84.3%
Q1 25
22.1%
82.5%
Q4 24
25.3%
82.2%
Q3 24
24.6%
81.0%
Q2 24
24.5%
80.8%
Operating Margin
EPD
EPD
LLY
LLY
Q1 26
13.2%
Q4 25
14.7%
42.8%
Q3 25
14.0%
41.1%
Q2 25
15.8%
43.6%
Q1 25
11.4%
27.2%
Q4 24
13.9%
37.2%
Q3 24
12.9%
13.9%
Q2 24
13.1%
31.1%
Net Margin
EPD
EPD
LLY
LLY
Q1 26
10.4%
Q4 25
11.9%
34.4%
Q3 25
11.1%
31.7%
Q2 25
12.6%
36.4%
Q1 25
9.0%
21.7%
Q4 24
11.4%
32.6%
Q3 24
10.3%
8.5%
Q2 24
10.4%
26.3%
EPS (diluted)
EPD
EPD
LLY
LLY
Q1 26
Q4 25
$7.39
Q3 25
$6.21
Q2 25
$6.29
Q1 25
$3.06
Q4 24
$4.88
Q3 24
$1.07
Q2 24
$3.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPD
EPD
LLY
LLY
Cash + ST InvestmentsLiquidity on hand
$7.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$26.5B
Total Assets
$112.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPD
EPD
LLY
LLY
Q1 26
Q4 25
$969.0M
$7.3B
Q3 25
$206.0M
$9.9B
Q2 25
$870.0M
$3.5B
Q1 25
$220.0M
$3.2B
Q4 24
$583.0M
$3.4B
Q3 24
$1.4B
$3.5B
Q2 24
$138.0M
$3.4B
Total Debt
EPD
EPD
LLY
LLY
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$29.5B
Q3 24
Q2 24
Stockholders' Equity
EPD
EPD
LLY
LLY
Q1 26
Q4 25
$26.5B
Q3 25
$23.8B
Q2 25
$18.3B
Q1 25
$15.8B
Q4 24
$14.2B
Q3 24
$14.2B
Q2 24
$13.6B
Total Assets
EPD
EPD
LLY
LLY
Q1 26
Q4 25
$77.9B
$112.5B
Q3 25
$77.8B
$114.9B
Q2 25
$77.4B
$100.9B
Q1 25
$75.4B
$89.4B
Q4 24
$77.2B
$78.7B
Q3 24
$75.1B
$75.6B
Q2 24
$73.6B
$71.9B
Debt / Equity
EPD
EPD
LLY
LLY
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.08×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPD
EPD
LLY
LLY
Operating Cash FlowLast quarter
$3.2B
Free Cash FlowOCF − Capex
$1.9B
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
0.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPD
EPD
LLY
LLY
Q1 26
Q4 25
$2.5B
$3.2B
Q3 25
$1.7B
$8.8B
Q2 25
$2.1B
$3.1B
Q1 25
$2.3B
$1.7B
Q4 24
$2.4B
$2.5B
Q3 24
$2.1B
$3.7B
Q2 24
$1.6B
$1.5B
Free Cash Flow
EPD
EPD
LLY
LLY
Q1 26
$1.9B
Q4 25
Q3 25
Q2 25
$762.0M
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$898.0M
Q2 24
$310.0M
FCF Margin
EPD
EPD
LLY
LLY
Q1 26
13.4%
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
8.1%
Q4 24
9.1%
Q3 24
6.5%
Q2 24
2.3%
Capex Intensity
EPD
EPD
LLY
LLY
Q1 26
1.4%
Q4 25
Q3 25
Q2 25
11.4%
Q1 25
6.9%
Q4 24
7.5%
Q3 24
8.5%
Q2 24
9.4%
Cash Conversion
EPD
EPD
LLY
LLY
Q1 26
Q4 25
1.50×
0.49×
Q3 25
1.30×
1.58×
Q2 25
1.44×
0.55×
Q1 25
1.66×
0.60×
Q4 24
1.46×
0.56×
Q3 24
1.46×
3.83×
Q2 24
1.12×
0.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EPD
EPD

Segment breakdown not available.

LLY
LLY

Other$5.4B28%
Zepbound$4.2B22%
Mounjaro$4.1B21%
Verzenio$997.1M5%
Collaborationand Other Revenue$991.7M5%
Taltz$724.3M4%
Trulicity$692.8M4%
Other Cardiometabolic Health$524.5M3%
Other Oncology$514.8M3%
Jardiance$465.8M2%
Neuroscience$320.2M2%
Other Immunology$187.3M1%
Other Product Total$77.0M0%

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