Eltek Ltd Financials

ELTK

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Eltek Ltd (ELTK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 51/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Eltek Ltd has an operating margin of 9.4%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is down from 15.6% the prior year.

Growth

Eltek Ltd's revenue declined 0.4% year-over-year, from $46.7M to $46.5M. This contraction results in a growth score of 28/100.

Leverage

Eltek Ltd carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.93, Eltek Ltd holds $2.93 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Cash Flow

While Eltek Ltd generated $4.5M in operating cash flow, capex of $9.5M consumed most of it, leaving -$5.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Eltek Ltd's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 23.6% the prior year.

Altman Z-Score Safe

3.37

Eltek Ltd scores 3.37, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($58.8M) relative to total liabilities ($19.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Eltek Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.07x

For every $1 of reported earnings, Eltek Ltd generates $1.07 in operating cash flow ($4.5M OCF vs $4.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.2x

Eltek Ltd earns $6.2 in operating income for every $1 of interest expense ($4.4M vs $705K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Revenue

$46.5M

YoY-0.4%

5Y CAGR+6.0%

10Y CAGR-0.0%

Eltek Ltd generated $46.5M in revenue in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

EBITDA

$5.9M

YoY-31.0%

5Y CAGR+15.5%

10Y CAGR+19.6%

Eltek Ltd's EBITDA was $5.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.0% from the prior year.

Free Cash Flow

-$5.0M

YoY-177.2%

Eltek Ltd generated -$5.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 177.2% from the prior year.

Net Income

$4.2M

YoY-33.5%

5Y CAGR+18.7%

Eltek Ltd reported $4.2M in net income in fiscal year 2024. This represents a decrease of 33.5% from the prior year.

EPS (Diluted)

$0.63

YoY-41.1%

Eltek Ltd earned $0.63 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 41.1% from the prior year.

Cash & Debt

$7.6M

YoY-18.4%

5Y CAGR+36.0%

10Y CAGR+21.0%

Eltek Ltd held $7.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+11.5%

5Y CAGR+8.9%

Eltek Ltd had 7M shares outstanding in fiscal year 2024. This represents an increase of 11.5% from the prior year.

Gross Margin

22.2%

YoY-5.8pp

5Y CAGR+5.0pp

10Y CAGR+9.3pp

Eltek Ltd's gross margin was 22.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.8 percentage points from the prior year.

Operating Margin

9.4%

YoY-6.2pp

5Y CAGR+5.5pp

10Y CAGR+11.4pp

Eltek Ltd's operating margin was 9.4% in fiscal year 2024, reflecting core business profitability. This is down 6.2 percentage points from the prior year.

Net Margin

9.1%

YoY-4.5pp

5Y CAGR+3.9pp

10Y CAGR+14.8pp

Eltek Ltd's net profit margin was 9.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.5 percentage points from the prior year.

Return on Equity

10.3%

YoY-13.4pp

5Y CAGR-18.4pp

Eltek Ltd's ROE was 10.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 13.4 percentage points from the prior year.

R&D Spending

$187K

YoY+120.0%

5Y CAGR+63.5%

10Y CAGR+10.0%

Eltek Ltd invested $187K in research and development in fiscal year 2024. This represents an increase of 120.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$9.5M

YoY+290.9%

5Y CAGR+59.2%

10Y CAGR+14.6%

Eltek Ltd invested $9.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 290.9% from the prior year.

ELTK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$46.5M-0.4%	$46.7M+17.8%	$39.6M+17.2%	$33.8M-7.9%	$36.7M+5.5%	$34.8M
Cost of Revenue	$36.2M+7.7%	$33.6M+7.1%	$31.4M+16.5%	$26.9M-7.1%	$29.0M+0.6%	$28.8M
Gross Profit	$10.3M-21.1%	$13.1M+58.4%	$8.3M+19.9%	$6.9M-10.9%	$7.7M+28.8%	$6.0M
R&D Expenses	$187K+120.0%	$85K-7.6%	$92K+17.9%	$78K+3800.0%	$2K-87.5%	$16K
SG&A Expenses	$5.8M+0.7%	$5.7M+9.9%	$5.2M+6.9%	$4.9M+3.5%	$4.7M+2.2%	$4.6M
Operating Income	$4.4M-39.8%	$7.3M+145.5%	$3.0M+52.4%	$1.9M-35.7%	$3.0M+118.6%	$1.4M
Interest Expense	-$705K-67.1%	-$422K+52.4%	-$887K-281.8%	$488K+44.8%	$337K-23.4%	$440K
Income Tax	$873K-36.0%	$1.4M+105.4%	$664K+118.8%	-$3.5M-5081.7%	$71K-7.8%	$77K
Net Income	$4.2M-33.5%	$6.4M+98.9%	$3.2M-36.6%	$5.0M+93.2%	$2.6M+45.5%	$1.8M
EPS (Diluted)	$0.63-41.1%	$1.07+94.5%	$0.55-36.0%	$0.86+48.3%	$0.58	N/A

Metric	Q2'25	Q4'23	Q2'24	Q4'22	Q2'23	Q4'21	Q2'20	Q4'20
Revenue	$12.5M	N/A	$11.0M	N/A	$9.1M	N/A	$9.1M	N/A
Cost of Revenue	$9.5M	N/A	$8.1M	N/A	$7.4M	N/A	$6.8M	N/A
Gross Profit	$3.0M	N/A	$3.0M	N/A	$1.7M	N/A	$2.4M	N/A
R&D Expenses	$0	N/A	$15K	N/A	$26K	N/A	N/A	N/A
SG&A Expenses	$1.6M	N/A	$1.5M	N/A	$1.3M	N/A	$1.4M	N/A
Operating Income	$1.5M	N/A	$1.4M	N/A	$346K	N/A	$944K	N/A
Interest Expense	$1.0M	N/A	-$190K	N/A	-$611K	N/A	$83K	N/A
Income Tax	$79K	N/A	$271K	N/A	$204K	N/A	$35K	N/A
Net Income	$365K	N/A	$1.3M	N/A	$753K	N/A	$825K	N/A
EPS (Diluted)	$0.05	N/A	$0.22	N/A	$0.13	N/A	N/A	N/A

ELTK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$60.2M+27.5%	$47.2M+15.1%	$41.0M-4.2%	$42.8M+21.7%	$35.2M+54.0%	$22.8M
Current Assets	$39.1M+29.9%	$30.1M+28.7%	$23.4M+3.6%	$22.6M+20.0%	$18.8M+39.2%	$13.5M
Cash & Equivalents	$7.6M-18.4%	$9.3M+26.0%	$7.4M-20.7%	$9.3M+96.1%	$4.7M+190.8%	$1.6M
Inventory	$9.5M+54.7%	$6.1M+19.6%	$5.1M+4.8%	$4.9M+32.1%	$3.7M-0.8%	$3.7M
Accounts Receivable	$11.8M+8.1%	$10.9M+7.7%	$10.1M+44.1%	$7.0M-22.5%	$9.1M+21.1%	$7.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.0M-6.6%	$20.3M+1.7%	$20.0M-8.0%	$21.7M+9.2%	$19.9M+20.1%	$16.6M
Current Liabilities	$13.3M-4.7%	$14.0M+33.5%	$10.5M+13.1%	$9.3M-4.5%	$9.7M-34.3%	$14.8M
Long-Term Debt	N/A	$0-100.0%	$2.8M-29.4%	$3.9M+162.3%	$1.5M+286.3%	$387K
Total Equity	$41.2M+53.3%	$26.9M+27.8%	$21.0M-0.2%	$21.1M+38.0%	$15.3M+143.5%	$6.3M
Retained Earnings	-$617K+87.3%	-$4.8M+51.0%	-$9.9M+18.2%	-$12.1M+29.4%	-$17.1M+13.2%	-$19.7M

Metric	Q2'25	Q4'23	Q2'24	Q4'22	Q2'23	Q4'21	Q2'20	Q4'20
Total Assets	$64.4M+36.6%	$47.2M+13.8%	$41.5M+1.2%	$41.0M	N/A	$42.8M+13.7%	$37.6M+7.1%	$35.2M
Current Assets	$38.9M+29.2%	$30.1M+13.8%	$26.5M+13.1%	$23.4M	N/A	$22.6M+4.2%	$21.7M+15.1%	$18.8M
Cash & Equivalents	$1.8M-80.9%	$9.3M+11.4%	$8.3M+13.1%	$7.4M-10.7%	$8.2M-11.2%	$9.3M+1.2%	$9.2M+93.6%	$4.7M
Inventory	$12.9M+109.8%	$6.1M+7.9%	$5.7M+10.9%	$5.1M	N/A	$4.9M+25.3%	$3.9M+5.4%	$3.7M
Accounts Receivable	$14.5M+32.9%	$10.9M-4.3%	$11.4M+12.5%	$10.1M	N/A	$7.0M-5.0%	$7.4M-18.5%	$9.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.8M-2.6%	$20.3M+11.7%	$18.2M-9.0%	$20.0M	N/A	$21.7M+1.8%	$21.3M+7.2%	$19.9M
Current Liabilities	$13.8M-1.5%	$14.0M+18.2%	$11.8M+12.9%	$10.5M	N/A	$9.3M+6.6%	$8.7M-10.4%	$9.7M
Long-Term Debt	N/A	$0	$0-100.0%	$2.8M	N/A	$3.9M-4.9%	$4.1M+175.9%	$1.5M
Total Equity	$44.6M+66.1%	$26.9M+15.4%	$23.3M+10.8%	$21.0M+3.8%	$20.2M-3.9%	$21.1M+29.1%	$16.3M+6.9%	$15.3M
Retained Earnings	-$526K+89.1%	-$4.8M+30.8%	-$7.0M+29.1%	-$9.9M	N/A	-$12.1M+24.8%	-$16.1M+6.1%	-$17.1M

ELTK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$4.5M-48.8%	$8.9M+131.4%	$3.8M-1.2%	$3.9M+19.2%	$3.3M+26.1%	$2.6M
Capital Expenditures	$9.5M+290.9%	$2.4M-19.7%	$3.0M+97.2%	$1.5M+41.9%	$1.1M+16.2%	$931K
Free Cash Flow	-$5.0M-177.2%	$6.4M+701.7%	$802K-65.7%	$2.3M+7.8%	$2.2M+31.8%	$1.6M
Investing Cash Flow	-$15.9M-436.4%	-$3.0M+2.3%	-$3.0M-83.9%	-$1.6M-44.5%	-$1.1M-41.4%	-$806K
Financing Cash Flow	$9.6M+352.4%	-$3.8M-132.4%	-$1.6M-177.1%	$2.1M+160.9%	$814K+171.9%	-$1.1M
Dividends Paid	$0-100.0%	$1.3M+32.9%	$994K	$0	$0	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'23	Q2'24	Q4'22	Q2'23	Q4'21	Q2'20	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$1.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ELTK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	22.2%-5.8pp	28.1%+7.2pp	20.9%+0.5pp	20.4%-0.7pp	21.1%+3.8pp	17.3%
Operating Margin	9.4%-6.2pp	15.6%+8.1pp	7.5%+1.7pp	5.8%-2.5pp	8.3%+4.3pp	4.0%
Net Margin	9.1%-4.5pp	13.6%+5.5pp	8.1%-6.8pp	14.9%+7.8pp	7.1%+1.9pp	5.1%
Return on Equity	10.3%-13.4pp	23.6%+8.4pp	15.2%-8.7pp	23.9%+6.8pp	17.1%-11.5pp	28.6%
Return on Assets	7.0%-6.4pp	13.5%+5.7pp	7.8%-4.0pp	11.8%+4.4pp	7.4%-0.4pp	7.8%
Current Ratio	2.93+0.8	2.15-0.1	2.23-0.2	2.44+0.5	1.94+1.0	0.92
Debt-to-Equity	0.46+0.5	0.00-0.1	0.13-0.1	0.19+0.1	0.10+0.0	0.06
FCF Margin	-10.7%-24.4pp	13.8%+11.8pp	2.0%-4.9pp	6.9%+1.0pp	5.9%+1.2pp	4.7%

Metric	Q2'25	Q4'23	Q2'24	Q4'22	Q2'23	Q4'21	Q2'20	Q4'20
Gross Margin	24.1%	N/A	26.7%	N/A	18.5%	N/A	25.9%	N/A
Operating Margin	11.6%	N/A	12.6%	N/A	3.8%	N/A	10.3%	N/A
Net Margin	2.9%	N/A	11.9%	N/A	8.3%	N/A	9.0%	N/A
Return on Equity	0.8%	N/A	5.6%	N/A	3.7%	N/A	5.1%	N/A
Return on Assets	0.6%	N/A	3.2%	N/A	N/A	N/A	2.2%	N/A
Current Ratio	2.83+0.7	2.15-0.1	2.240.0	2.23	N/A	2.44-0.1	2.49+0.6	1.94
Debt-to-Equity	0.44+0.4	0.000.0	0.00-0.1	0.13	N/A	0.19-0.1	0.25+0.2	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Wallbox Nv WBX

$55.2M

Deswell Inds DSWL

$57.5M

Syntec Optics Holdings OPTX

$231.5M

Neonode Inc NEON

$29.7M

Interlink Electrs Inc LINK

$51.3M

Frequently Asked Questions

What is Eltek Ltd's annual revenue?

Eltek Ltd (ELTK) reported $46.5M in total revenue for fiscal year 2024. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Eltek Ltd's revenue growing?

Eltek Ltd (ELTK) revenue declined by 0.4% year-over-year, from $46.7M to $46.5M in fiscal year 2024.

Is Eltek Ltd profitable?

Yes, Eltek Ltd (ELTK) reported a net income of $4.2M in fiscal year 2024, with a net profit margin of 9.1%.

What is Eltek Ltd's earnings per share (EPS)?

Eltek Ltd (ELTK) reported diluted earnings per share of $0.63 for fiscal year 2024. This represents a -41.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Eltek Ltd's EBITDA?

Eltek Ltd (ELTK) had EBITDA of $5.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Eltek Ltd's gross margin?

Eltek Ltd (ELTK) had a gross margin of 22.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Eltek Ltd's operating margin?

Eltek Ltd (ELTK) had an operating margin of 9.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Eltek Ltd's net profit margin?

Eltek Ltd (ELTK) had a net profit margin of 9.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Eltek Ltd's return on equity (ROE)?

Eltek Ltd (ELTK) has a return on equity of 10.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Eltek Ltd's free cash flow?

Eltek Ltd (ELTK) generated -$5.0M in free cash flow during fiscal year 2024. This represents a -177.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Eltek Ltd's operating cash flow?

Eltek Ltd (ELTK) generated $4.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Eltek Ltd's total assets?

Eltek Ltd (ELTK) had $60.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Eltek Ltd's capital expenditures?

Eltek Ltd (ELTK) invested $9.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Eltek Ltd spend on research and development?

Eltek Ltd (ELTK) invested $187K in research and development during fiscal year 2024.

How many shares does Eltek Ltd have outstanding?

Eltek Ltd (ELTK) had 7M shares outstanding as of fiscal year 2024.

What is Eltek Ltd's current ratio?

Eltek Ltd (ELTK) had a current ratio of 2.93 as of fiscal year 2024, which is generally considered healthy.

What is Eltek Ltd's debt-to-equity ratio?

Eltek Ltd (ELTK) had a debt-to-equity ratio of 0.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eltek Ltd's return on assets (ROA)?

Eltek Ltd (ELTK) had a return on assets of 7.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Eltek Ltd's Altman Z-Score?

Eltek Ltd (ELTK) has an Altman Z-Score of 3.37, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Eltek Ltd's Piotroski F-Score?

Eltek Ltd (ELTK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Eltek Ltd's earnings high quality?

Eltek Ltd (ELTK) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Eltek Ltd cover its interest payments?

Eltek Ltd (ELTK) has an interest coverage ratio of 6.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Eltek Ltd?

Eltek Ltd (ELTK) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.