Elbit Systems Ltd. (ESLT) — Financial statements
Income statement, balance sheet, and cash flow for Elbit Systems Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 8,593↑23.9% | 6,937↑14.3% | 6,069↑15.3% | 5,262↓4.1% | 5,487 | |
| Cost of Revenue | 6,498↑23.3% | 5,269↑15.5% | 4,562↑15.5% | 3,951↓3.0% | 4,075 | |
| Gross Profit | 2,095↑25.6% | 1,668↑10.7% | 1,506↑14.9% | 1,311↓7.1% | 1,412 | |
| Operating Expenses | ||||||
| R&D Expenses | 649↑17.4% | 553↑8.3% | 511↑6.6% | 479↑2.9% | 466 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 690↑13.0% | 610↓1.6% | 620↑1.7% | 610↑5.0% | 581 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 1,339↑15.1% | 1,163↑2.8% | 1,131↑3.8% | 1,089↑4.1% | 1,047 | |
| Total Costs & Expenses | 7,837↑21.9% | 6,432↑13.0% | 5,693↑13.0% | 5,040↓1.6% | 5,122 | |
| Operating Results | ||||||
| Operating Income | 756↑49.8% | 505↑34.5% | 375↑69.1% | 222↓39.2% | 365 | |
| Depreciation & Amortization | 186↑15.3% | 161↓3.9% | 167↑8.7% | 154↓3.2% | 159 | |
| EBITDA | 942↑57.1% | 600↑17.8% | 509↑6.3% | 479↓17.0% | 577 | |
| EBIT | 756↑72.4% | 439↑28.5% | 341↑5.1% | 325↓22.2% | 418 | |
| Interest & Other Income | ||||||
| Net Interest Income | -40↑73.2% | -151↓103.9% | -74↓44.3% | -51↓179.0% | -18 | |
| Interest Income | 7↑137.0% | -18↓882.5% | 2 | 0.00↓100.0% | 0.49 | |
| Interest Expense | 47↓64.4% | 133↑73.5% | 76↑48.9% | 51↑171.8% | 19 | |
| Non-Operating Income | 0.00↓100.0% | 66↑95.2% | 34↑133.0% | -103↓95.7% | -53 | |
| Other Income / Expenses | -116↑15.9% | -138↓4.1% | -133↓307.1% | 64↑12.2% | 57 | |
| Income Before Tax | 640↑74.5% | 367↑51.2% | 243↓15.2% | 286↓32.2% | 422 | |
| Income Tax Expense | 60↑51.5% | 40↑70.5% | 23↑1.0% | 23↓83.1% | 137 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 580↑77.3% | 327↑49.1% | 219↓16.6% | 263↓7.9% | 286 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 578↑77.3% | 326↑49.3% | 219↓16.9% | 263↓7.8% | 285 | |
| Bottom-Line Net Income | 578↑77.3% | 326↑49.3% | 219↓16.9% | 263↓7.8% | 285 | |
| EPS (Basic) | 12.65↑75.2% | 7.22↑48.9% | 4.85↓18.2% | 5.93↓8.1% | 6.45 | |
| EPS (Diluted) | 12.33↑71.7% | 7.18↑49.0% | 4.82↓18.3% | 5.90↓8.4% | 6.44 | |
| Weighted Average Shares | 46↑2.8% | 44↑0.2% | 44↑0.1% | 44↑0.3% | 44 | |
| Weighted Average Diluted Shares | 47↑4.9% | 45↑0.3% | 45↑0.0% | 45↑0.7% | 44 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.