NASDAQ · Financial Statements

Elbit Systems Ltd. (ESLT) Financial Statements

$777.96 NASDAQ: ESLT Market Cap $36.46B

Elbit Systems Ltd. most recently reported annual revenue of $7.9B, net profit of $534.0M. Revenue grew at an average annual rate of 11.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Elbit Systems Ltd.: Revenue rose from $3.3B in 2016 to $7.9B in 2025, a change of +143.5% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 9.3% to 8.7%, a shift of -0.7 percentage points; the most recent year shows net profit of $534.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.3B$3.4B$3.7B$4.5B$4.7B$5.3B$5.5B$6.0B$6.8B$7.9B
Operating Expenses$3.0B$3.1B$3.4B$4.2B$4.3B$4.9B$5.1B$5.6B$6.3B$7.3B
Operating Profit$305.0M$324.0M$293.0M$322.0M$326.0M$407.0M$363.0M$363.0M$510.0M$687.0M
Operating Margin9.3%9.6%8.0%7.1%7.0%7.7%6.6%6.1%7.5%8.7%
Other Income$-20.0M$-28.0M$-58.0M$-74.0M$-51.0M$-1.0M$-63.0M$-124.0M$-149.0M$-96.0M
Interest$23.0M$25.0M$33.0M$40.0M$71.0M$19.0M$51.0M$76.0M$133.0M$47.0M
Depreciation$123.0M$114.0M$118.0M$137.0M$144.0M$153.0M$161.0M$165.0M$158.0M$171.0M
Profit Before Tax$284.0M$296.0M$235.0M$248.0M$274.0M$406.0M$300.0M$239.0M$361.0M$591.0M
Tax$16.0M$18.8M$11.3M$7.8M$13.3M$32.4M$8.1M$9.6M$10.8M$9.4M
Net Profit$237.0M$239.0M$207.0M$228.0M$238.0M$274.0M$275.0M$215.0M$321.0M$534.0M
EPS$5.54$5.59$4.83$5.36$5.76$6.44$5.90$4.82$7.18$11.39
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.5B$1.6B$1.6B$1.6B$1.7B$1.9B$1.9B$2.0B$1.9B$2.1B$2.2B$2.3B
Operating Expenses$1.4B$1.6B$1.4B$1.5B$1.6B$1.8B$1.7B$1.8B$1.8B$1.9B$2.0B$2.1B
Operating Profit$106.0M$68.0M$105.0M$116.0M$126.0M$162.0M$150.0M$158.0M$171.0M$208.0M$205.0M$219.0M
Operating Margin7.1%4.2%6.8%7.2%7.3%8.4%7.9%8.0%8.9%9.7%9.4%9.6%
Interest$36.0M$48.0M$31.0M$29.0M$45.0M$47.0M$39.0M$31.0M$35.0M$35.0M$32.0M$22.0M
Profit Before Tax$71.0M$25.0M$85.0M$90.0M$92.0M$94.0M$123.0M$133.0M$145.0M$190.0M$184.0M$206.0M
Tax$14.1M$-19.9M$13.6M$12.5M$13.9M$3.6M$13.0M$5.3M$7.9M$11.1M$12.4M$15.9M
Net Profit$61.0M$30.0M$74.0M$78.0M$79.0M$90.0M$107.0M$126.0M$133.0M$168.0M$161.0M$174.0M
EPS$1.33$0.71$1.63$1.76$1.77$2.00$2.35$2.69$2.84$3.59$3.34$3.61

Over the 10 years reported for Elbit Systems Ltd., borrowings increased from $406.0M in 2016 to $965.0M in 2025, cash stood at $635.0M in the latest year, shareholders' equity was $13.0M, current assets covered current liabilities 1.29 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$4.4B$4.7B$6.5B$7.3B$8.1B$9.3B$9.2B$9.7B$11.0B$12.7B
Current Assets$2.5B$2.6B$3.3B$3.7B$4.3B$5.0B$5.0B$5.5B$6.4B$7.7B
Cash$223.0M$156.0M$208.0M$221.0M$279.0M$259.0M$211.0M$197.0M$265.0M$635.0M
Inventory$840.0M$903.0M$1.1B$1.2B$1.2B$1.5B$1.9B$2.0B$2.8B$3.1B
Receivables$1.3B$1.7B$1.7B$2.1B$2.6B$2.9B$2.7B$2.9B$3.1B$3.6B
Fixed Assets$474.0M$496.0M$687.0M$1.1B$1.2B$1.3B$1.4B$1.5B$1.8B$1.9B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$219.0M$227.0M$256.0M$262.0M$199.0M$189.0M$273.0M$163.0M$136.0M$1.1B
Other Assets$617.0M$647.0M$1.0B$1.3B$1.3B$1.6B$1.5B$1.5B$1.5B$1.5B
Total Liabilities$2.8B$3.0B$4.6B$5.2B$5.8B$6.8B$6.5B$6.8B$7.7B$8.5B
Current Liabilities$1.9B$2.1B$2.9B$3.2B$3.6B$4.0B$4.3B$4.8B$5.3B$6.0B
Borrowings$406.0M$446.0M$795.0M$1.2B$1.2B$1.5B$1.3B$1.5B$1.4B$965.0M
Other Liabilities$2.4B$2.6B$3.8B$3.9B$4.6B$5.3B$5.2B$5.3B$6.3B$7.6B
Equity$12.0M$12.0M$12.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M
Reserves$1.6B$1.7B$1.8B$2.1B$2.2B$2.5B$2.8B$2.9B$3.3B$4.1B

For Elbit Systems Ltd., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $598.0M; free cash flow was positive in 7 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$208.0M$101.0M$192.0M$-53.0M$279.0M$417.0M$240.0M$114.0M$535.0M$843.0M
Investing Cash Flow$-242.0M$-223.0M$-695.0M$-244.0M$-155.0M$-776.0M$-357.0M$-398.0M$-394.0M$-667.0M
Financing Cash Flow$1.0M$0$0$0$0$0$0$0$0$0
Net Cash Flow$-77.0M$-67.0M$52.0M$13.0M$58.0M$-20.0M$-48.0M$-14.0M$68.0M$370.0M
Free Cash Flow$84.0M$-7.0M$89.0M$-191.0M$147.0M$228.0M$35.0M$-73.0M$320.0M$598.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.90
EV / EBITDA34.21
FCF Yield2.21%
Quick Ratio0.89
Interest Coverage7.80
Return 1Y51.43%
Return 3Y301.87%
Return 5Y433.17%

Elbit Systems Ltd. (ESLT) financials — frequently asked questions

What is Elbit Systems Ltd.'s annual revenue?

Elbit Systems Ltd. (ESLT) reported annual revenue of $7.9B in its most recent fiscal year.

What is Elbit Systems Ltd.'s net profit?

Elbit Systems Ltd. (ESLT) reported net profit of $534.0M in its most recent fiscal year.

What is ESLT EV/EBITDA?

Elbit Systems Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 34.21.

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