ESLT
$696.23+0.08%
as of close, Oct 2, 2026
☾ AH $696.23 +0.08%
Elbit Systems Ltd.Stock · IndustrialsMSCI EAFE 0.1%Nasdaq Composite 0.09%MSCI World 0.03%MSCI ACWI 0.02%
ESLT financial statements
The full income statement, balance sheet, and cash-flow statement for Elbit Systems Ltd. (ESLT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2017-12 42.7M2018-12 42.8M2019-12 44.2M2020-12 44.2M2021-12 44.3M2022-12 44.3M2023-12 44.3M2024-12 44.5M2025-12 46.4M+8.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.94B+16.3% | 6.83B+14.3% | 5.97B+8.4% | 5.51B+4.4% | 5.28B+13.2% | |
| 1.94B+17.9% | 1.64B+10.7% | 1.48B+8.0% | 1.37B+1.1% | 1.36B+16.6% | ||
| Cost of revenue | 6.00B+15.8% | 5.19B+15.5% | 4.49B+8.5% | 4.14B+5.6% | 3.92B+12.1% | |
| Research & development | 600M+10.2% | 544M+8.3% | 503M+0.2% | 502M+12.0% | 448M+4.6% | |
| Selling, general & administrative | 347M+11.7% | 311M-5.8% | 330M+5.5% | 313M+17.1% | 267M+19.4% | |
| General & administrative | 347M+11.7% | 311M-5.8% | 330M+5.5% | 313M+17.1% | 267M+19.4% | |
| Selling & marketing | 399M+6.4% | 375M+4.5% | 359M+10.2% | 326M+11.7% | 292M+0.4% | |
| Provision for credit losses | 796K-86.0% | 5.70M+745.8% | 674K+123.9% | 301K+363.1% | 65.0K-97.0% | |
| Operating income | 671M+37.3% | 489M+32.5% | 369M+0.4% | 367M-12.2% | 419M+28.5% | |
| Interest expense | 146M-7.2% | 158M+9.6% | 144M+164.5% | 54.4M+28.7% | 42.3M-43.2% | |
| Other non-operating income | 29.1M+662.4% | 3.82M+179.8% | -4.79M+79.7% | -23.6M-541.6% | 5.34M-28.0% | |
| Equity-method income | 29.2M+52.5% | 19.2M+56.2% | 12.3M+74.3% | 7.04M-68.8% | 22.6M+79.3% | |
| Pre-tax income | 562M+64.4% | 342M+50.9% | 226M-22.6% | 293M-23.7% | 383M+46.5% | |
| Income tax | 55.5M+42.2% | 39.1M+70.5% | 22.9M-5.0% | 24.1M-81.6% | 131M+260.5% | |
| 534M+66.4% | 321M+49.3% | 215M-21.9% | 275M+0.4% | 274M+15.4% | ||
| Net income to non-controlling interest | 1.28M+76.3% | 726K+0.1% | 725K+3352.4% | 21.0K-93.3% | 313K-4.6% | |
| $11.39+58.6% | $7.18+49.0% | $4.82-22.0% | $6.18-0.3% | $6.20+15.2% | ||
| EPS (basic) | $11.69+61.9% | $7.22+48.9% | $4.85-21.9% | $6.21+0.0% | $6.21+15.4% | |
| Weighted-avg shares (basic) | 45.7M+2.8% | 44.5M+0.2% | 44.4M+0.1% | 44.3M+0.3% | 44.2M+0.0% | |
| Weighted-avg shares (diluted) | 46.9M+4.9% | 44.7M+0.3% | 44.6M+0.0% | 44.6M+0.7% | 44.3M+0.1% | |
| Dividends per share | $2.40+20.4% | $2.00-0.8% | $2.01+2.8% | $1.96+9.4% | $1.79+1.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 7.74B+21.7% | 6.36B+15.4% | 5.51B+9.5% | 5.03B+1.0% | 4.98B+16.5% | ||
| Cash & equivalents | 635M+139.4% | 265M+34.4% | 197M-6.5% | 211M-18.5% | 259M-7.1% | |
| Accounts receivable | 3.33B+13.2% | 2.94B+8.3% | 2.72B+5.5% | 2.57B-7.1% | 2.77B+9.9% | |
| Inventory | 3.13B+12.8% | 2.77B+20.7% | 2.30B+18.1% | 1.95B+16.5% | 1.67B+26.9% | |
| Prepaid expenses | — | — | — | — | 93.8M+135.2% | |
| Other current assets | 35.7M-34.9% | 54.8M+80.2% | 30.4M+1.9% | 29.9M+24.4% | 24.0M-3.5% | |
| 12.7B+15.4% | 11.0B+12.6% | 9.74B+5.7% | 9.22B-1.1% | 9.32B+15.6% | ||
| Property, plant & equipment | 1.38B+8.2% | 1.28B+17.4% | 1.09B+14.6% | 949M+5.2% | 903M+14.7% | |
| Operating lease right-of-use | 516M-2.2% | 527M+23.8% | 426M+5.0% | 405M-2.6% | 416M-1.6% | |
| Goodwill | 1.50B+0.4% | 1.49B-0.6% | 1.50B-0.2% | 1.50B-3.1% | 1.55B+17.8% | |
| Intangible assets | 325M-8.5% | 355M-9.2% | 391M-9.8% | 433M-7.8% | 469M+67.4% | |
| Deferred tax assets | 86.7M+154.5% | 34.1M+45.4% | 23.4M+17.0% | 20.0M-69.3% | 65.3M-44.9% | |
| 5.98B+12.5% | 5.31B+10.1% | 4.82B+12.8% | 4.28B+6.3% | 4.02B+11.1% | ||
| Accounts payable | 1.51B+12.5% | 1.34B+7.2% | 1.25B+17.4% | 1.07B+4.3% | 1.02B+1.6% | |
| Deferred revenue | 2.68B+24.8% | 2.15B+29.8% | 1.66B-6.8% | 1.78B+18.2% | 1.50B+50.3% | |
| Short-term & current debt | 83.5M+11.9% | 74.6M-1.0% | 75.3M-1.7% | 76.6M-2.7% | 78.7M+337.8% | |
| Current lease liability | 98.5M+16.0% | 84.9M+26.0% | 67.4M-2.8% | 69.3M-9.7% | 76.8M+17.2% | |
| Long-term debt | 18.0M-34.3% | 27.4M-33.6% | 41.2M-84.4% | 265M-25.8% | 357M-12.8% | |
| Deferred revenue (non-current) | 934M+14.4% | 817M+130.5% | 354M+63.2% | 217M-26.2% | 294M+73.9% | |
| Non-current lease liability | 477M+5.0% | 454M+25.1% | 363M+5.4% | 345M-10.9% | 387M-2.8% | |
| Operating lease liability (total) | 575M+6.7% | 539M+25.2% | 430M+4.0% | 414M-10.7% | 463M-0.0% | |
| Deferred tax liabilities | 138M+86.2% | 73.9M+33.8% | 55.2M-24.3% | 73.0M-48.4% | 141M+6.8% | |
| Other non-current liabilities | 263M-4.1% | 274M-8.0% | 298M+20.3% | 248M+59.3% | 156M-14.4% | |
| Total non-current liabilities | 2.56B+7.4% | 2.38B+21.1% | 1.97B-9.9% | 2.18B-20.6% | 2.75B+24.6% | |
| 4.13B+26.0% | 3.28B+11.2% | 2.95B+7.0% | 2.76B+8.8% | 2.53B+14.1% | ||
| Common stock | 13.4M+4.6% | 12.8M+0.2% | 12.8M+0.2% | 12.8M+0.2% | 12.8M+0.2% | |
| Additional paid-in capital | 1.06B+130.4% | 459M+3.6% | 444M+2.8% | 431M+2.5% | 421M+1.3% | |
| Retained earnings | 3.15B+15.0% | 2.74B+9.3% | 2.51B+5.3% | 2.38B+8.5% | 2.20B+9.7% | |
| Accumulated other comprehensive income | -93.2M-245.0% | 64.3M+461.3% | -17.8M+75.1% | -71.6M+26.9% | -97.9M+53.7% | |
| Non-controlling interest | 375K-89.1% | 3.44M+23.4% | 2.79M+13.6% | 2.45M-83.2% | 14.6M+10.7% | |
| Total equity incl. non-controlling | 4.13B+25.9% | 3.28B+11.2% | 2.95B+7.0% | 2.76B+8.3% | 2.55B+14.1% | |
| Total liabilities & equity | 12.7B+15.4% | 11.0B+12.6% | 9.74B+5.7% | 9.22B-1.1% | 9.32B+15.6% | |
| Common shares issued | 46.4M+4.3% | 44.5M+0.2% | 44.5M+0.2% | 44.3M+0.2% | 44.3M+0.1% | |
| Common shares outstanding | 46.4M+4.3% | 44.5M+0.2% | 44.5M+0.2% | 44.3M+0.2% | 44.3M+0.1% | |
| Shares outstanding (cover) | 46.4M+4.3% | 44.5M+0.5% | 44.3M+0.0% | 44.3M+0.2% | 44.3M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 778M+45.6% | 535M+370.2% | 114M-52.6% | 240M-42.4% | 417M+49.5% | ||
| Depreciation & amortization | 171M+8.2% | 158M-3.9% | 165M+2.2% | 161M+5.4% | 153M+6.0% | |
| Share-based compensation | 26.4M+67.5% | 15.8M+29.8% | 12.1M+16.0% | 10.5M+97.0% | 5.31M+30.0% | |
| Deferred income taxes | -50.0M-211.8% | -16.0M-443.6% | -2.95M+75.4% | -12.0M-592.2% | 2.44M+225.6% | |
| Change in inventory | 358M-25.5% | 480M+36.6% | 352M+15.3% | 305M-9.3% | 336M+382.0% | |
| -391M-118.5% | -179M+15.1% | -211M-38.6% | -152M+74.1% | -588M-2470.2% | ||
| Capital expenditure | 226M+4.9% | 215M+15.0% | 187M-8.8% | 205M+8.7% | 189M+42.7% | |
| Free cash flow | 553M+73.0% | 320M+535.8% | -73.3M-309.8% | 35.0M-84.7% | 228M+55.7% | |
| Acquisitions | 0.00 | 0.00-100.0% | 10.4M-16.5% | 12.4M-96.8% | 385M+176710.6% | |
| Purchases of investments | 2.29M-36.5% | 3.60M-33.5% | 5.42M+21.3% | 4.47M+144.3% | 1.83M-77.7% | |
| Proceeds from sale of PP&E | 1.13M-72.4% | 4.11M+180.2% | 1.47M-94.1% | 24.9M-3.4% | 25.7M-64.2% | |
| -17.9M+93.8% | -288M-445.9% | 83.2M+161.2% | -136M-190.1% | 151M+176.2% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 20.0M-49.4% | 39.5M-91.7% | 476M+136.3% | |
| Long-term debt repaid | 11.4M+0.9% | 11.3M-95.4% | 246M+101.2% | 122M-77.2% | 536M+44.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 112M+25.6% | 89.0M-0.3% | 89.2M+2.8% | 86.8M+9.6% | 79.2M+1.3% | |
| Net change in cash | 370M+444.4% | 67.9M+596.5% | -13.7M+71.4% | -47.9M-141.8% | -19.8M-134.3% | |
| Interest paid | 37.5M-50.9% | 76.3M+14.3% | 66.8M+161.0% | 25.6M+34.7% | 19.0M-5.4% | |
| Income taxes paid | 56.0M+60.6% | 34.9M+13.6% | 30.7M-59.4% | 75.6M+98.1% | 38.2M-13.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 26.8B+133.4% | 11.5B+21.6% | 9.46B+30.3% | 7.26B-5.8% | 7.71B+33.3% | |
| P/E | 50.2×+40.3% | 35.8×+4.3% | 34.3×+29.7% | 26.5×-5.8% | 28.1×+15.5% | |
| P/S | 3.4×+100.7% | 1.7×-1.9% | 1.7×+24.8% | 1.4×-5.8% | 1.5×+17.7% | |
| P/B | 6.5×+85.2% | 3.5×+2.2% | 3.4×+19.7% | 2.9×-5.8% | 3.0×+16.8% | |
| P/FCF | 48.5×+34.9% | 36.0×-86.7% | 270.5×+750.7% | 31.8×-5.8% | 33.8×-14.4% | |
| Earnings yield | 2.0%-28.7% | 2.8%-4.1% | 2.9%-22.9% | 3.8%+6.2% | 3.6%-13.4% | |
| FCF yield | 2.1%-25.9% | 2.8%+651.9% | 0.37%-88.2% | 3.1%+6.2% | 3.0%+16.8% | |
| Dividend yield | 0.42%-46.2% | 0.77%-18.0% | 0.94%-20.9% | 1.2%+16.2% | 1.0%-24.0% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: ESLT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ESLT filings on SEC EDGAR → Not investment advice.