Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Constructive evidenceCoverage 3/5 core metrics10 filing-based checks were evaluable.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- No current rule-based risk flags
10 filing-based checks were evaluable.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +6.2% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $284M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Reportable Segment$4.71B100.0%+6.2% yoy
Members sum to the consolidated $4.71B for this period.
- Farm Animal$2.36Bshare n/a+5.0% yoy
- Pet Health$2.3Bshare n/a+7.3% yoy
- Cattle$1.13Bshare n/a+11.7% yoy
- Poultry$858Mshare n/a+7.8% yoy
- Swine$379Mshare n/a+3.6% yoy
- Contract Manufacturing$53Mshare n/a+15.2% yoy
- Aqua$0share n/a-100.0% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Outside the United States$2.48B52.6%+3.2% yoy
- United States$2.23B47.4%+9.7% yoy
Members sum to the consolidated $4.71B for this period.
- Reportable Segment$1.37B100.0%+14.9% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,058 US-listed filers · 782 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $4.7B | 79thof 3,301 top third | 86thof 522 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 6.2% | 50thof 3,137 middle third | 48thof 473 middle third |
Gross margin gross profit ÷ revenue | 55.0% | 71stof 1,603 top third | 73rdof 221 top third |
Net margin net income ÷ revenue | -4.9% | 35thof 3,263 middle third | 58thof 518 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 6.0% | 54thof 2,679 middle third | 69thof 433 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -3.5% | 39thof 3,577 middle third | 73rdof 701 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.4% | 58thof 2,895 middle third | 71stof 476 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 68 days | 29thof 2,398 bottom third | 35thof 387 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 5.7× | 23rdof 1,547 bottom third | 17thof 145 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -6.1% | 62ndof 2,770 middle third | 54thof 461 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -1.9% | 68thof 2,345 top third | 61stof 399 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 22 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2022-06-30 | -$22M 10-Q 2022-08-08 | -$10M 10-Q 2023-11-07 | +54.5% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$49M 10-Q 2022-11-08 | -$65M 10-Q 2023-11-07 | -32.6% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2021-12-31 | $126M 10-K 2022-02-28 | $159M 10-K 2024-02-26 | +26.2% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2022-12-31 | $137M 10-K 2023-03-01 | $171M 10-K 2025-02-25 | +24.8% | first · latest · 3 filings carry it |
| Long-term debt LongTermDebt | balance at 2024-06-30 | $5.68B 10-Q 2024-08-08 | $4.32B 10-Q 2025-08-07 | -23.9% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2023-03-31 | $20M 10-Q 2023-05-09 | $24M 10-Q 2024-05-08 | +20.0% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2020-03-31 | $4.3M 10-Q 2020-05-07 | $4M 10-Q 2021-05-07 | -7.0% | first · latest |
| Net income NetIncomeLoss | quarter 2022-03-31 | $48M 10-Q 2022-05-09 | $51M 10-Q 2023-11-07 | +6.3% | first · latest · 7 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$61M 10-Q 2021-05-07 | -$64M 10-K 2023-03-01 | -4.9% | first · latest · 7 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$104M 10-Q 2021-11-05 | -$108M 10-K 2023-03-01 | -3.9% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2020-03-31 | $12.6M 10-Q 2020-05-07 | $13M 10-Q 2021-05-07 | +3.2% | first · latest |
| Interest expense InterestExpense | quarter 2020-03-31 | $16.5M 10-Q 2020-05-07 | $16M 10-Q 2021-05-07 | -3.0% | first · latest |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$560M 10-K 2021-03-01 | -$574M 10-K 2023-03-01 | -2.5% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2021-12-31 | -$472M 10-K 2022-02-28 | -$483M 10-K 2024-02-26 | -2.3% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$210M 10-Q 2021-08-09 | -$206M 10-K 2023-03-01 | +1.9% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2020-12-31 | $47.7M 10-K 2021-03-01 | $47M 10-K 2023-03-01 | -1.5% | first · latest · 3 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-12-31 | $316M 10-K 2022-02-28 | $319M 10-K 2023-03-01 | +0.9% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2020-03-31 | $11.1M 10-Q 2020-05-07 | $11M 10-Q 2021-05-07 | -0.9% | first · latest |
| Interest expense InterestExpense | quarter 2020-06-30 | $24.8M 10-Q 2020-07-30 | $25M 10-Q 2021-08-09 | +0.8% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2020-03-31 | $81.5M 10-Q 2020-05-07 | $82M 10-Q 2021-05-07 | +0.6% | first · latest |
| Equity issued ProceedsFromIssuanceOfCommonStock | fiscal year 2021-12-31 | $0 10-K 2022-02-28 | $500M 10-K 2024-02-26 | - | first · latest · 3 filings carry it |
| Equity issued ProceedsFromIssuanceOfCommonStock | fiscal year 2022-12-31 | $0 10-K 2023-03-01 | $425M 10-K 2024-02-26 | - | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for ELAN yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.