Elbit Systems Ltd (ESLT)
Elbit Systems Ltd., together with its subsidiaries, develops and supplies defense and homeland security arenas products and services in Israel, North America, Europe, the Asia-Pacific, Latin America, and internationally. The company operates through five segments: Aerospace; C4I and Cyber; Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare; Land; and Elbit Systems of America. It offers airborne platforms, unmanned aerial solutions, precision guided munition sensors, aerostructures, training and simulator systems, flight academy solutions, and commercial aviation systems; and command, control, communications, computer, intelligence, surveillance and reconnaissance systems, as well as data links and radio communication systems and equipment, cyber intelligence solutions, and autonomous and homeland security solutions. The company also provides various electro-optic laser solutions and countermeasure systems and products, naval combat management and sonar systems, and electronic warfare, signal Intelligence, and radar systems; indirect fire, turrets and weapons, ammunition and munition, and active protection systems; and products, system solutions, and support services to defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. It serves various governments and companies. The company was incorporated in 1966 and is based in Haifa, Israel.
- Symbol
- ESLT
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $34.48B
- 52 week range
- 453 - 1016.06
Valuation
- Share price
- $742.49 (close of 2026-09-23)
- P/E (TTM)
- 63.51x
- Price to book
- 8.35x
- Price to free cash flow
- 62.38x
- Enterprise value
- $34.81B
- Book value per share
- $88.93
Price performance
| Period | Change |
|---|
| 1 day | -1.09% |
| 5 days | +1.47% |
| 1 month | +0.16% |
| 3 months | -3.88% |
| 6 months | -17.77% |
| Year to date | +28.52% |
| 1 year | +48.79% |
| 3 years | +268.83% |
| 5 years | +406.06% |
| 10 years | +683.71% |
| All time | +11779.84% |
Profitability and growth
- Return on equity
- 12.94%
- Return on invested capital
- 13.81%
- Return on assets
- 4.22%
- Return on capital employed
- 10.04%
- Gross margin
- 24.38%
- Net margin
- 6.73%
- EBITDA margin
- 10.62%
- Revenue growth
- 16.27%
- Net income growth
- 66.39%
- Free cash flow growth
- 72.99%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.60%
- Current ratio
- 1.29x
- Net debt to EBITDA
- 0.41x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $7.94B
- Cost of revenue
- $6.00B
- Gross profit
- $1.94B
- EBITDA
- $842.86M
- Net income
- $534.34M
- Earnings per share
- $11.69
- Research and development
- $599.57M
- Interest expense
- $2.22M
- Shares outstanding
- 45.71M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $7.94B | $1.94B | $534.34M | $11.69 |
| 2024-12-31 | $6.83B | $1.64B | $321.14M | $7.22 |
| 2023-12-31 | $5.97B | $1.48B | $215.13M | $4.85 |
| 2022-12-31 | $5.51B | $1.37B | $275.45M | $6.21 |
| 2021-12-31 | $5.28B | $1.36B | $274.35M | $6.21 |
| 2020-12-31 | $4.66B | $1.17B | $237.66M | $5.38 |
| 2019-12-31 | $4.51B | $1.14B | $227.86M | $5.20 |
| 2018-12-31 | $3.68B | $976.18M | $206.74M | $4.83 |
| 2017-12-31 | $3.38B | $1.00B | $239.11M | $5.59 |
| 2016-12-31 | $3.26B | $965.28M | $236.91M | $5.54 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 24.38% | 6.73% | 12.94% | 13.81% |
| 2024-12-31 | 24.05% | 4.70% | 9.79% | 10.26% |
| 2023-12-31 | 24.82% | 3.60% | 7.29% | 8.21% |
| 2022-12-31 | 24.92% | 5.00% | 9.99% | 8.96% |
| 2021-12-31 | 25.73% | 5.20% | 10.77% | 9.01% |
| 2020-12-31 | 24.99% | 5.10% | 10.65% | 10.17% |
| 2019-12-31 | 25.21% | 5.05% | 10.55% | 10.19% |
| 2018-12-31 | 26.50% | 5.61% | 11.15% | 10.40% |
| 2017-12-31 | 29.70% | 7.08% | 13.92% | 15.37% |
| 2016-12-31 | 29.61% | 7.27% | 15.12% | 16.46% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $635.14M | $18.00M |
| 2024-12-31 | $265.35M | $27.39M |
| 2023-12-31 | $197.43M | $41.23M |
| 2022-12-31 | $211.11M | $264.54M |
| 2021-12-31 | $258.99M | $356.62M |
| 2020-12-31 | $278.79M | $408.82M |
| 2019-12-31 | $221.06M | $440.12M |
| 2018-12-31 | $208.48M | $467.65M |
| 2017-12-31 | $156.07M | $119.51M |
| 2016-12-31 | $222.81M | $475.00K |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $552.81M | $26.39M |
| 2024-12-31 | $319.56M | $15.76M |
| 2023-12-31 | $-73.33M | $12.14M |
| 2022-12-31 | $34.96M | $10.46M |
| 2021-12-31 | $228.31M | $5.31M |
| 2020-12-31 | $146.62M | $4.09M |
| 2019-12-31 | $-190.92M | $3.99M |
| 2018-12-31 | $89.36M | $1.39M |
| 2017-12-31 | $-6.99M | $13.00K |
| 2016-12-31 | $83.78M | $70.00K |
Dividend history
- Most recent payment
- 2026-06-23
- Paid in the last twelve months
- $3.50
| Payment date | Dividend per share |
|---|
| 2026-06-23 | $1.00 |
| 2026-04-13 | $1.00 |
| 2025-12-22 | $0.75 |
| 2025-10-14 | $0.75 |
| 2025-06-24 | $0.60 |
| 2025-04-22 | $0.60 |
| 2024-12-23 | $0.50 |
| 2024-10-15 | $0.50 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-17
- Consensus EPS estimate
- $3.79
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-11 | Jun/2026 | $3.57 |
| 2026-05-26 | - | - |
| 2026-03-17 | - | - |
| 2025-11-18 | - | - |
| 2025-08-13 | - | - |
| 2025-05-20 | - | - |
| 2025-03-18 | - | - |
| 2024-11-19 | - | - |
Filings and sources
- Company website
- elbitsystems.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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