MARKETS / NASDAQ / ESLT

NASDAQ · AIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC · LARGE CAP

Elbit Systems Ltd. ESLT

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$7.9B

▲ 16.3% YoY

Net income

$534.3M

▲ 66.4% YoY

Free cash flow

$552.8M

▲ 73.0% YoY

In brief

What this company does

Elbit Systems Ltd. develops and supplies airborne, land and naval systems and products for defense, homeland security and commercial applications, installs them on new platforms, performs platform modernization programs, and provides training and support services. In 2025, it derived 32% of consolidated revenues from Israel, 27% from Europe, 21% from North America, 16% from Asia-Pacific, 1% from Latin America and 3% from other regions. The Company reports segment information in five segments, four organized based on the nature of the products and services offered and one geographic segment: Aerospace, C4I and Cyber, ISTAR and EW, Land and ESA. Its Aerospace segment mainly provides products and systems for airborne platforms, unmanned aerial solutions, precision guided munition sensors, aerostructures, training and simulator systems, flight academy solutions, and commercial aviation systems. Its C4I and Cyber segment mainly provides command, control, communications, computer, intelligence, surveillance and reconnaissance systems, data links and radio communication systems and equipment, cyber intelligence solutions, autonomous solutions and homeland security solutions. Its ESA segment mainly provides products and systems solutions to U.S. military, foreign military sales, homeland security, medical instrumentation and commercial aviation customers. Its predecessor, Elbit Ltd., was incorporated in Israel in 1966 as Elbit Computers Ltd., and Elbit Systems was formed in 1996 as part of the Elbit Ltd. corporate demerger, under which Elbit Ltd.'s defense-related assets and business were spun off to it.

Written from the business description in Elbit Systems Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 17 March 2026. Every sentence was checked against that document before publication.

Growth

USD 7.9B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 7.9 · Net income 0.5

Compound annual growth

Revenue

+12.9%

+11.2%

+9.8%

+7.5%

Net income

+24.7%

+17.6%

+10.2%

+7.4%

EPS, diluted

+22.6%

+16.2%

+9.2%

+6.8%

Returned to shareholders

+8.8%

+7.4%

+4.8%

+3.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.2% a year over five years — but profit grew faster: net income at +17.6%, earnings per share at +16.2%.

The share count rose from 0.04B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 8.5% · Net 6.7%

ROE

FY2025 · ROE 14.4%

Gross margin24.4%

Operating margin8.5%

Net margin6.7%

Return on assets4.5%

EBITDAUSD 842.9M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 111.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 552.8

Net buybacks $M Dividends $M

FY2025 · Dividends 111.7 · Net buybacks —

Dividends paidUSD 111.7M

Net buybacks—

Share of profit20.9%

Consecutive raises—

USD 111.7M in dividends — 21% of the year's profit went back to shareholders.

Total assetsUSD 12.7B

EquityUSD 4.1B

CashUSD 635.1M

Gross debtUSD 101.5M

Net debtUSD -533.7M

Current ratio1.29×

The company holds more cash than debt.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	7.9	6.8	6.0	5.5	5.3	4.7	4.5	3.7	3.4	3.3	3.1	3.0	2.9	2.9	2.8	2.7	2.8	2.6
Operating income $B	0.7	0.5	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.1	0.2	0.3	0.2
EBITDA $B	0.8	0.6	0.5	0.5	0.6	0.5	0.5	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.4	0.4
Income tax $B	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1
Net income $B	0.5	0.3	0.2	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.2
Free cash flow $B	0.6	0.3	−0.1	0.0	0.2	0.1	−0.2	0.1	−0.0	0.1	0.3	0.1	0.1	0.1	0.1	0.0	0.1	0.1
EPS, diluted $	11.39	7.18	4.82	6.18	6.20	5.38	5.20	4.83	5.59	5.54	4.74	4.01	4.34	3.97	2.09	4.25	5.00	4.78
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	21	28	41	32	29	33	27	36	31	29	34	40	41	30	68	34	35	16
ROE %	14.4	10.3	7.5	10.4	11.6	10.9	11.5	11.7	14.6	16.1	15.5	14.2	16.7	17.5	9.7	20.4	25.8	·
Shares out B	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityAircraft Parts & Auxiliary Equipment, NEC

Listed onNASDAQ

Incorporated inoutside the United States — SEC code L3

Fiscal year endsDecember 31

Data on record since2008