This page shows Elbit Sys Ltd (ESLT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Scale is finally dropping through as cash conversion and operating margin improve without leaning on financial leverage.
From FY2023 to FY2025, revenue added$2.0B while gross margin stayed near24% , so each sales dollar was not becoming materially richer at the gross-profit level. Operating profitability still improved markedly and free cash flow swung from-$73M to$553M , which points to better fixed-cost absorption and cleaner cash execution rather than richer unit economics alone.
Growth still consumes a lot of working capital: inventory plus receivables reached
Balance-sheet funding is unusually conservative: cash rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Elbit Sys Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Elbit Sys Ltd has an operating margin of 8.5%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is up from 7.2% the prior year.
Elbit Sys Ltd's revenue surged 16.3% year-over-year to $7.9B, reflecting rapid business expansion. This strong growth earns a score of 76/100.
Elbit Sys Ltd carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Elbit Sys Ltd's current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Elbit Sys Ltd has a free cash flow margin of 7.0%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Elbit Sys Ltd earns a strong 12.9% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is up from 9.8% the prior year.
Elbit Sys Ltd scores 3.76, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($34.7B) relative to total liabilities ($8.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Elbit Sys Ltd passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Elbit Sys Ltd generates $1.46 in operating cash flow ($778.4M OCF vs $534.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Elbit Sys Ltd earns $4.6 in operating income for every $1 of interest expense ($671.4M vs $146.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Elbit Sys Ltd generated $7.9B in revenue in fiscal year 2025. This represents an increase of 16.3% from the prior year.
Elbit Sys Ltd's EBITDA was $842.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.2% from the prior year.
Elbit Sys Ltd reported $534.3M in net income in fiscal year 2025. This represents an increase of 66.4% from the prior year.
Elbit Sys Ltd earned $11.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.6% from the prior year.
Cash & Balance Sheet
Elbit Sys Ltd generated $552.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 73.0% from the prior year.
Elbit Sys Ltd held $635.1M in cash against $18.0M in long-term debt as of fiscal year 2025.
Elbit Sys Ltd had 46M shares outstanding in fiscal year 2025. This represents an increase of 4.3% from the prior year.
Margins & Returns
Elbit Sys Ltd's gross margin was 24.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Elbit Sys Ltd's operating margin was 8.5% in fiscal year 2025, reflecting core business profitability. This is up 1.3 percentage points from the prior year.
Elbit Sys Ltd's net profit margin was 6.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Elbit Sys Ltd's ROE was 12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Capital Allocation
Elbit Sys Ltd invested $599.6M in research and development in fiscal year 2025. This represents an increase of 10.2% from the prior year.
Elbit Sys Ltd invested $225.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 4.9% from the prior year.
ESLT Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ESLT Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.7B+15.4% | $11.0B+12.6% | $9.7B+5.7% | $9.2B-1.1% | $9.3B+15.6% | $8.1B+9.9% | $7.3B+13.7% | $6.5B |
| Current Assets | $7.7B+21.7% | $6.4B+15.4% | $5.5B+9.5% | $5.0B+1.0% | $5.0B+16.5% | $4.3B+16.4% | $3.7B+12.0% | $3.3B |
| Cash & Equivalents | $635.1M+139.4% | $265.4M+34.4% | $197.4M-6.5% | $211.1M-18.5% | $259.0M-7.1% | $278.8M+26.1% | $221.1M+6.0% | $208.5M |
| Inventory | $3.1B+12.8% | $2.8B+20.7% | $2.3B+18.1% | $1.9B+16.5% | $1.7B+26.9% | $1.3B+7.9% | $1.2B+6.8% | $1.1B |
| Accounts Receivable | $3.3B+13.2% | $2.9B+8.3% | $2.7B+5.5% | $2.6B-7.1% | $2.8B+9.9% | $2.5B+21.8% | $2.1B+20.7% | $1.7B |
| Goodwill | $1.5B+0.4% | $1.5B-0.6% | $1.5B-0.2% | $1.5B-3.1% | $1.6B+17.8% | $1.3B-1.8% | $1.3B+31.1% | $1.0B |
| Total Liabilities | $8.5B+10.9% | $7.7B+13.3% | $6.8B+5.1% | $6.5B-4.8% | $6.8B+16.2% | $5.8B+12.4% | $5.2B+12.5% | $4.6B |
| Current Liabilities | $6.0B+12.5% | $5.3B+10.1% | $4.8B+12.8% | $4.3B+6.3% | $4.0B+11.1% | $3.6B+14.2% | $3.2B+9.0% | $2.9B |
| Long-Term Debt | $18.0M-34.3% | $27.4M-33.6% | $41.2M-84.4% | $264.5M-25.8% | $356.6M-12.8% | $408.8M-7.1% | $440.1M-5.9% | $467.6M |
| Total Equity | $4.1B+26.0% | $3.3B+11.2% | $2.9B+7.0% | $2.8B+8.8% | $2.5B+14.1% | $2.2B+3.6% | $2.1B+16.9% | $1.8B |
| Retained Earnings | $3.2B+15.0% | $2.7B+9.3% | $2.5B+5.3% | $2.4B+8.5% | $2.2B+9.7% | $2.0B+7.5% | $1.9B+10.1% | $1.7B |
ESLT Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | 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 |
ESLT Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.29+0.1 | 1.20+0.1 | 1.14-0.0 | 1.18-0.1 | 1.24+0.1 | 1.18+0.0 | 1.16+0.0 | 1.13 |
| Debt-to-Equity | 0.000.0 | 0.010.0 | 0.01-0.1 | 0.10-0.0 | 0.14-0.0 | 0.18-0.0 | 0.21-0.0 | 0.26 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Elbit Sys Ltd's annual revenue?
Elbit Sys Ltd (ESLT) reported $7.9B in total revenue for fiscal year 2025. This represents a 16.3% 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 Elbit Sys Ltd's revenue growing?
Elbit Sys Ltd (ESLT) revenue grew by 16.3% year-over-year, from $6.8B to $7.9B in fiscal year 2025.
Is Elbit Sys Ltd profitable?
Yes, Elbit Sys Ltd (ESLT) reported a net income of $534.3M in fiscal year 2025, with a net profit margin of 6.7%.
What is Elbit Sys Ltd's EBITDA?
Elbit Sys Ltd (ESLT) had EBITDA of $842.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Elbit Sys Ltd have?
As of fiscal year 2025, Elbit Sys Ltd (ESLT) had $635.1M in cash and equivalents against $18.0M in long-term debt.
What is Elbit Sys Ltd's gross margin?
Elbit Sys Ltd (ESLT) had a gross margin of 24.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Elbit Sys Ltd's operating margin?
Elbit Sys Ltd (ESLT) had an operating margin of 8.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Elbit Sys Ltd's net profit margin?
Elbit Sys Ltd (ESLT) had a net profit margin of 6.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Elbit Sys Ltd's return on equity (ROE)?
Elbit Sys Ltd (ESLT) has a return on equity of 12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Elbit Sys Ltd's free cash flow?
Elbit Sys Ltd (ESLT) generated $552.8M in free cash flow during fiscal year 2025. This represents a 73.0% 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 Elbit Sys Ltd's operating cash flow?
Elbit Sys Ltd (ESLT) generated $778.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Elbit Sys Ltd's total assets?
Elbit Sys Ltd (ESLT) had $12.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Elbit Sys Ltd's capital expenditures?
Elbit Sys Ltd (ESLT) invested $225.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Elbit Sys Ltd spend on research and development?
Elbit Sys Ltd (ESLT) invested $599.6M in research and development during fiscal year 2025.
What is Elbit Sys Ltd's current ratio?
Elbit Sys Ltd (ESLT) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.
What is Elbit Sys Ltd's debt-to-equity ratio?
Elbit Sys Ltd (ESLT) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Elbit Sys Ltd's return on assets (ROA)?
Elbit Sys Ltd (ESLT) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Elbit Sys Ltd's Altman Z-Score?
Elbit Sys Ltd (ESLT) has an Altman Z-Score of 3.76, 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 Elbit Sys Ltd's Piotroski F-Score?
Elbit Sys Ltd (ESLT) has a Piotroski F-Score of 8 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Elbit Sys Ltd's earnings high quality?
Elbit Sys Ltd (ESLT) has an earnings quality ratio of 1.46x, 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 Elbit Sys Ltd cover its interest payments?
Elbit Sys Ltd (ESLT) has an interest coverage ratio of 4.6x, meaning it can adequately 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 Elbit Sys Ltd?
Elbit Sys Ltd (ESLT) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.