Elbit Systems (ESLT) Financials

$385.41 +6.48 (+1.71%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$387.54 +2.13 (+0.55%)

As of 04:19 AM Eastern

Annual Income Statements for Elbit Systems

This table shows Elbit Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	321	215	275	274	238	228	207	239	237	203	171
Consolidated Net Income / (Loss)	322	216	275	275	238	229	209	241	239	207	179
Net Income / (Loss) Continuing Operations	322	216	275	275	238	229	209	241	0.00	0.00	0.00
Total Pre-Tax Income	342	226	293	383	262	246	237	285	279	249	199
Total Operating Income	489	369	367	419	326	322	293	324	305	269	247
Total Gross Profit	1,642	1,483	1,373	1,358	1,165	1,136	976	1,003	965	897	825
Total Revenue	6,828	5,975	5,512	5,279	4,663	4,508	3,684	3,378	3,260	3,108	2,958
Operating Revenue	6,828	5,975	5,512	5,279	4,663	4,508	3,684	3,378	3,260	3,108	2,958
Total Cost of Revenue	5,186	4,492	4,138	3,920	3,497	3,372	2,708	2,375	2,295	2,211	2,133
Operating Cost of Revenue	5,186	4,492	4,138	3,920	3,497	3,372	2,708	2,375	2,295	2,211	2,133
Total Operating Expenses	1,153	1,114	1,006	940	839	815	683	679	661	628	578
Selling, General & Admin Expense	311	330	313	267	224	215	160	133	151	146	140
Marketing Expense	375	359	326	292	291	301	281	280	271	239	217
Research & Development Expense	466	424	436	395	360	332	287	265	256	243	228
Other Operating Expenses / (Income)	0.00	0.00	-69	-15	-35	-33	-45	0.00	-18	0.00	-5.95
Total Other Income / (Expense), net	-147	-143	-75	-35	-64	-75	-56	-40	-25	-20	-47
Interest Expense	151	138	51	40	71	69	44	-	-	-	-
Other Income / (Expense), net	3.82	-4.79	-24	5.34	7.41	-6.24	-11	-40	-25	-20	-47
Income Tax Expense	39	23	24	131	36	19	26	56	46	46	26
Other Gains / (Losses), net	19	12	7.04	23	13	1.77	-2.22	11	239	207	179
Net Income / (Loss) Attributable to Noncontrolling Interest	0.73	0.73	0.02	0.31	0.33	0.80	1.92	1.51	1.90	4.35	8.43
Basic Earnings per Share	$7.22	$4.85	$6.21	$6.21	$5.38	$5.20	$4.83	$5.59	$5.54	$4.74	$4.01
Weighted Average Basic Shares Outstanding	44.48M	44.38M	44.32M	44.20M	44.20M	43.79M	42.79M	42.79M	42.74M	42.71M	42.65M
Diluted Earnings per Share	$7.18	$4.82	$6.18	$6.20	$5.38	$5.20	$4.83	$5.59	$5.54	$4.74	$4.01
Weighted Average Diluted Shares Outstanding	44.71M	44.59M	44.58M	44.28M	44.22M	43.85M	42.79M	42.79M	42.75M	42.73M	42.68M
Weighted Average Basic & Diluted Shares Outstanding	44.55M	44.34M	88.69M	44.26M	88.40M	44.20M	42.75M	42.75M	42.75M	42.73M	42.69M

No quarterly income statements for Elbit Systems are available.

This table details how cash moves in and out of Elbit Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	68	-14	-62	-20	58	13	52	-67	-77	99	8.67
Net Cash From Operating Activities	535	114	240	417	279	-53	192	101	208	435	178
Net Cash From Continuing Operating Activities	535	114	226	417	279	-53	192	101	208	435	178
Net Income / (Loss) Continuing Operations	322	216	275	275	238	229	209	241	239	207	179
Consolidated Net Income / (Loss)	322	216	275	275	238	229	209	241	239	207	179
Depreciation Expense	158	165	161	153	144	137	118	114	123	122	122
Amortization Expense	0.49	0.58	0.77	0.40	-0.05	-0.09	-0.09	-0.09	-0.09	-0.09	-0.09
Non-Cash Adjustments To Reconcile Net Income	-489	-94	27	-437	-531	-289	-128	-316	-319	21	5.83
Changes in Operating Assets and Liabilities, net	543	-173	-238	426	427	-130	-7.56	63	165	85	-130
Net Cash From Investing Activities	-179	-211	-152	-588	-23	-107	-593	-116	-118	-182	-80
Net Cash From Continuing Investing Activities	-179	-211	-152	-588	-23	-107	-593	-116	-118	-182	-80
Purchase of Property, Plant & Equipment	-215	-187	-205	-189	-132	-138	-102	-108	-124	-99	-71
Acquisitions	7.38	-10	69	-446	0.22	-357	-507	-25	-1.54	-141	0.00
Purchase of Investments	6.32	-15	-1.90	-1.83	-8.21	-11	-18	-47	-45	-81	-95
Sale of Property, Plant & Equipment	4.11	1.47	25	26	72	37	4.39	6.27	16	12	25
Divestitures	-0.18	0.08	0.19	-	0.22	-0.04	-0.10	-	-	-	0.79
Sale and/or Maturity of Investments	19	0.15	12	22	45	17	30	59	38	129	60
Other Investing Activities, net	0.00	0.00	-51	0.48	-	345	0.00	0.00	-	-	-
Net Cash From Financing Activities	-288	83	-136	151	-198	173	454	-52	-167	-154	-89
Net Cash From Continuing Financing Activities	-288	83	-136	151	-198	173	454	-52	-167	-154	-89
Repayment of Debt	-235	-161	-89	-821	-322	-300	-56	-223	-104	-283	-401
Payment of Dividends	-89	-89	-87	-79	-78	-63	-75	-75	-68	-70	-68
Issuance of Debt	36	334	40	1,052	202	350	585	246	5.03	197	377
Other Financing Activities, net	0.03	0.03	0.02	0.02	0.00	-	0.05	0.12	0.51	1.62	3.54
Cash Interest Paid	76	67	26	19	-	-	30	16	6.25	3.63	5.08
Cash Income Taxes Paid	35	31	76	38	-	-	26	48	29	37	17

No quarterly cash flow statements for Elbit Systems are available.

This table presents Elbit Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	10,972	9,740	9,216	9,317	8,058	7,335	6,451	4,715	4,352	4,124	4,021
Total Current Assets	6,355	5,508	5,032	4,980	4,273	3,672	3,279	2,611	2,421	2,283	2,249
Cash & Equivalents	265	197	211	259	279	221	208	156	223	299	200
Accounts Receivable	2,943	2,717	2,575	2,770	2,520	2,068	1,713	1,407	1,233	942	929
Inventories, net	2,774	2,298	1,946	1,670	1,317	1,220	1,142	903	840	837	869
Prepaid Expenses	372	285	299	279	156	161	199	129	103	171	146
Other Current Assets	1.33	-	1.04	-	-	-	-	-	8.88	20	79
Plant, Property, & Equipment, net	1,277	1,088	949	903	787	767	687	496	474	450	442
Total Noncurrent Assets	3,339	3,144	3,235	3,435	2,998	2,897	2,485	1,608	1,457	1,391	1,331
Long-Term Investments	126	145	160	183	184	202	196	172	181	130	125
Noncurrent Note & Lease Receivables	584	452	487	450	381	317	706	333	206	168	231
Goodwill	1,491	1,499	1,502	1,551	1,317	1,341	1,023	647	617	623	505
Intangible Assets	355	391	433	469	280	295	239	106	109	148	133
Noncurrent Deferred & Refundable Income Taxes	34	23	20	65	119	89	43	51	80	53	60
Other Noncurrent Operating Assets	750	633	633	718	717	653	279	299	264	270	277
Total Liabilities & Shareholders' Equity	10,972	9,740	9,216	9,317	8,058	7,335	6,451	4,715	4,352	4,124	4,021
Total Liabilities	7,691	6,789	6,458	6,771	5,827	5,176	4,596	2,997	2,785	2,724	2,782
Total Current Liabilities	5,311	4,824	4,277	4,024	3,622	3,173	2,910	2,089	1,924	1,638	1,624
Short-Term Debt	525	652	192	106	331	408	271	201	234	113	83
Accounts Payable	1,344	1,254	1,068	1,024	1,007	926	776	634	514	347	370
Accrued Expenses	1,208	1,194	1,171	1,314	1,218	1,052	1,082	835	829	740	759
Current Deferred Revenue	2,149	1,656	-	1,503	1,000	724	781	419	347	437	413
Other Current Liabilities	85	67	1,846	77	66	63	0.00	-	-	-	-
Total Noncurrent Liabilities	2,379	1,965	2,181	2,747	2,204	2,003	1,686	908	860	1,086	1,158
Long-Term Debt	306	384	680	885	409	440	524	244	172	393	515
Noncurrent Deferred Revenue	817	354	-	294	169	63	-	-	175	168	120
Noncurrent Deferred & Payable Income Tax Liabilities	74	55	73	141	132	114	79	68	60	45	68
Noncurrent Employee Benefit Liabilities	454	510	618	884	914	837	737	413	376	382	397
Other Noncurrent Operating Liabilities	728	661	810	542	580	549	346	182	78	100	58
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,281	2,950	2,758	2,546	2,231	2,160	1,854	1,718	1,567	1,399	1,239
Total Preferred & Common Equity	3,278	2,948	2,755	2,532	2,218	2,141	1,832	1,708	1,560	1,391	1,227
Total Common Equity	3,278	2,948	2,755	2,532	2,218	2,141	1,832	1,708	1,560	1,391	1,227
Common Stock	472	456	444	434	428	424	276	274	274	274	272
Retained Earnings	2,741	2,509	2,383	2,196	2,001	1,862	1,692	1,562	1,398	1,230	1,092
Accumulated Other Comprehensive Income / (Loss)	64	-18	-72	-98	-211	-145	-95	-88	-72	-72	-97
Noncontrolling Interest	3.44	2.79	2.45	15	13	18	22	9.66	7.40	8.05	12

No quarterly balance sheets for Elbit Systems are available.

This table displays calculated financial ratios and metrics derived from Elbit Systems' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.28%	8.40%	4.41%	13.21%	3.42%	22.39%	9.05%	7.21%	4.91%	5.05%	1.13%
EBITDA Growth	23.04%	4.69%	-12.36%	20.92%	5.54%	13.25%	0.18%	-0.80%	8.41%	15.23%	-3.15%
EBIT Growth	35.28%	5.93%	-18.86%	27.24%	5.62%	12.08%	-2.43%	-48.99%	124.66%	49.19%	-1.74%
NOPAT Growth	30.56%	-1.60%	22.56%	-1.87%	-5.37%	13.86%	-0.35%	4.88%	33.19%	3.22%	2.68%
Net Income Growth	49.11%	-21.64%	0.29%	15.41%	4.08%	9.59%	-13.29%	1.52%	15.44%	15.30%	-6.27%
EPS Growth	48.96%	-22.01%	-0.32%	15.24%	3.46%	7.66%	-27.01%	0.90%	33.76%	36.41%	-7.60%
Operating Cash Flow Growth	370.16%	-52.63%	-42.42%	49.53%	622.96%	-127.82%	89.96%	-102.99%	-52.16%	289.02%	6.51%
Free Cash Flow Firm Growth	911.94%	-124.52%	155.34%	-187.68%	710.51%	60.90%	-109.63%	155.78%	-1,365.10%	129.41%	201.14%
Invested Capital Growth	2.42%	11.49%	5.29%	23.47%	-2.98%	15.92%	22.54%	-83.09%	6.29%	-1.38%	-0.07%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.05%	24.82%	24.92%	25.73%	24.99%	25.21%	26.50%	29.70%	29.61%	28.87%	27.89%
EBITDA Margin	9.55%	8.87%	9.18%	10.94%	10.24%	10.04%	21.69%	11.81%	24.66%	11.93%	10.88%
Operating Margin	7.16%	6.18%	6.67%	7.93%	6.99%	7.13%	7.95%	19.21%	9.35%	17.29%	16.69%
EBIT Margin	7.22%	6.10%	6.24%	8.03%	7.14%	7.00%	7.64%	16.87%	17.13%	8.00%	6.74%
Profit (Net Income) Margin	4.71%	3.61%	5.00%	5.20%	5.10%	5.07%	5.66%	7.12%	7.32%	13.31%	6.06%
Tax Burden Percent	94.18%	95.30%	94.16%	71.63%	90.90%	92.84%	87.92%	168.95%	85.53%	83.23%	179.87%
Interest Burden Percent	69.34%	62.17%	85.07%	90.47%	78.60%	78.10%	84.34%	200.00%	100.00%	100.00%	100.00%
Effective Tax Rate	11.43%	10.12%	8.25%	34.26%	13.92%	7.88%	11.14%	19.51%	32.68%	37.20%	25.69%
Return on Invested Capital (ROIC)	11.78%	9.63%	10.61%	9.82%	11.02%	12.31%	12.86%	10.59%	16.89%	14.83%	14.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.05%	-9.96%	-1.14%	9.71%	-1.11%	-4.64%	-17.69%	-35.39%	-44.35%	7.23%	1.16%
Return on Net Nonoperating Assets (RNNOA)	-1.45%	-2.06%	-0.23%	1.67%	-0.18%	-0.92%	-1.18%	-1.92%	-0.79%	0.85%	0.26%
Return on Equity (ROE)	10.33%	7.56%	10.39%	11.50%	10.84%	11.39%	11.68%	9.63%	16.10%	15.68%	14.75%
Cash Return on Invested Capital (CROIC)	9.39%	-1.23%	5.46%	-11.18%	14.04%	-2.43%	-7.40%	126.05%	-92.26%	16.22%	14.56%
Operating Return on Assets (OROA)	4.76%	3.84%	3.71%	4.88%	4.33%	4.58%	10.08%	6.28%	6.59%	6.10%	5.02%
Return on Assets (ROA)	3.11%	2.28%	2.97%	3.16%	3.09%	3.32%	7.47%	10.62%	5.64%	5.08%	9.02%
Return on Common Equity (ROCE)	10.32%	7.56%	10.35%	11.43%	10.76%	11.28%	23.16%	9.58%	16.02%	15.56%	14.57%
Return on Equity Simple (ROE_SIMPLE)	9.82%	7.32%	10.00%	10.85%	10.73%	10.68%	22.77%	14.09%	15.31%	14.87%	14.63%
Net Operating Profit after Tax (NOPAT)	433	332	337	275	280	296	260	261	255	219	215
NOPAT Margin	6.34%	5.55%	6.12%	5.21%	6.01%	6.57%	7.06%	7.73%	7.82%	14.07%	7.27%
Net Nonoperating Expense Percent (NNEP)	19.83%	19.59%	11.76%	0.11%	12.13%	16.95%	21.70%	91.97%	61.23%	7.60%	13.33%
Return On Investment Capital (ROIC_SIMPLE)	10.53%	8.32%	9.29%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	75.95%	75.18%	75.08%	74.27%	75.01%	74.79%	147.00%	140.61%	70.39%	142.27%	144.22%
SG&A Expenses to Revenue	4.56%	5.53%	5.68%	5.07%	4.80%	4.76%	4.35%	3.95%	9.28%	4.69%	4.72%
R&D to Revenue	6.83%	7.10%	7.90%	7.48%	7.72%	7.36%	7.80%	15.69%	7.85%	7.83%	15.42%
Operating Expenses to Revenue	16.88%	18.64%	18.25%	17.80%	18.00%	18.07%	37.10%	20.09%	40.53%	40.45%	19.55%
Earnings before Interest and Taxes (EBIT)	493	364	344	424	333	315	281	285	558	249	199
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	652	530	506	577	477	452	399	399	402	371	322
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.49	3.18	2.58	2.98	2.52	2.96	2.51	3.11	2.56	4.95	1.87
Price to Tangible Book Value (P/TBV)	7.99	8.85	8.68	14.73	9.01	12.54	8.07	5.55	4.80	5.48	3.89
Price to Revenue (P/Rev)	1.68	1.57	1.29	1.43	1.20	1.41	1.25	3.17	1.23	2.21	0.78
Price to Earnings (P/E)	35.64	43.54	25.85	27.49	23.55	27.81	45.22	22.19	16.87	16.82	13.42
Dividend Yield	0.78%	0.95%	1.24%	1.05%	1.32%	1.19%	1.63%	1.42%	1.71%	1.80%	2.34%
Earnings Yield	2.81%	2.30%	3.87%	3.64%	4.25%	3.60%	4.49%	4.51%	5.93%	11.81%	7.45%
Enterprise Value to Invested Capital (EV/IC)	3.19	2.77	2.34	2.62	2.35	2.62	4.53	6.01	5.22	4.83	1.72
Enterprise Value to Revenue (EV/Rev)	1.74	1.68	1.38	1.54	1.26	1.50	1.36	3.24	1.22	2.26	0.86
Enterprise Value to EBITDA (EV/EBITDA)	18.24	18.98	15.07	14.04	12.32	14.98	12.51	13.58	9.93	9.38	7.93
Enterprise Value to EBIT (EV/EBIT)	24.12	27.59	22.17	19.12	17.67	21.49	17.77	19.01	29.08	28.44	12.79
Enterprise Value to NOPAT (EV/NOPAT)	27.44	30.30	22.61	29.46	20.99	22.88	38.79	41.89	15.67	15.91	11.86
Enterprise Value to Operating Cash Flow (EV/OCF)	22.24	88.40	31.75	19.44	21.10	0.00	26.08	53.67	19.20	16.16	14.35
Enterprise Value to Free Cash Flow (EV/FCFF)	34.44	0.00	43.98	0.00	16.47	0.00	0.00	7.04	0.00	14.55	11.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.35	0.32	0.39	0.33	0.39	0.86	0.52	0.26	0.36	0.48
Long-Term Debt to Equity	0.09	0.13	0.25	0.35	0.18	0.20	0.28	0.14	0.22	0.56	0.83
Financial Leverage	0.18	0.21	0.20	0.17	0.16	0.20	0.13	0.05	0.02	0.23	0.44
Leverage Ratio	3.32	3.32	3.49	3.64	3.51	3.43	3.13	5.52	5.71	3.09	6.54
Compound Leverage Factor	2.30	2.06	2.97	3.29	2.76	2.68	6.11	2.76	2.86	6.17	6.54
Debt to Total Capital	20.22%	25.99%	24.02%	28.02%	24.90%	28.20%	60.03%	20.60%	20.56%	53.12%	65.05%
Short-Term Debt to Total Capital	12.78%	16.35%	5.28%	3.01%	11.14%	13.57%	20.48%	9.30%	11.86%	11.90%	4.49%
Long-Term Debt to Total Capital	7.44%	9.64%	18.74%	25.02%	13.76%	14.63%	19.77%	22.59%	8.70%	41.22%	28.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.08%	0.07%	0.07%	0.41%	0.44%	0.61%	0.83%	0.89%	0.38%	0.42%	0.67%
Common Equity to Total Capital	79.70%	73.94%	75.91%	71.56%	74.66%	71.18%	138.31%	78.95%	79.07%	146.04%	133.62%
Debt to EBITDA	1.28	1.96	1.72	1.72	1.55	1.88	1.99	1.12	1.01	1.36	3.71
Net Debt to EBITDA	0.68	1.29	0.99	0.95	0.58	0.94	0.94	0.51	-0.03	0.35	1.52
Long-Term Debt to EBITDA	0.47	0.73	1.34	1.53	0.86	0.97	2.79	0.61	0.43	2.12	1.60
Debt to NOPAT	1.92	3.12	2.59	3.60	2.64	2.86	3.06	3.41	1.59	2.31	2.78
Net Debt to NOPAT	1.02	2.06	1.49	1.99	0.98	1.43	1.44	0.39	-0.05	0.59	2.28
Long-Term Debt to NOPAT	0.71	1.16	2.02	3.22	1.46	1.49	4.03	0.94	0.67	1.80	4.78
Altman Z-Score	2.13	2.01	1.84	1.84	1.74	1.93	1.75	5.17	2.41	4.63	1.96
Noncontrolling Interest Sharing Ratio	0.10%	0.09%	0.32%	0.58%	0.72%	1.01%	0.89%	0.52%	0.52%	0.77%	2.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.14	1.18	1.24	1.18	1.16	1.13	1.25	1.26	2.79	2.77
Quick Ratio	0.60	0.60	0.65	0.75	0.77	0.72	1.32	1.51	0.76	0.77	1.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	345	-43	173	-313	357	-59	-150	1,554	-2,785	239	216
Operating Cash Flow to CapEx	253.44%	61.28%	133.20%	255.98%	462.59%	-52.83%	195.74%	198.59%	191.75%	496.31%	384.58%
Free Cash Flow to Firm to Interest Expense	2.28	-0.31	3.37	-7.75	5.01	-0.85	-3.40	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.54	0.83	4.67	10.32	3.91	-0.77	4.35	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.14	-0.52	1.17	6.29	3.07	-2.23	2.13	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.63	0.59	0.61	0.61	0.65	1.32	1.49	0.77	1.53	0.74
Accounts Receivable Turnover	2.41	2.26	2.06	2.00	2.03	2.38	2.36	2.56	6.00	6.64	6.75
Inventory Turnover	2.05	2.12	2.29	2.62	2.76	2.86	5.30	2.72	2.74	2.59	2.63
Fixed Asset Turnover	5.77	5.87	5.95	6.25	6.00	6.21	12.46	6.97	7.06	13.95	12.82
Accounts Payable Turnover	3.99	3.87	3.96	3.86	3.62	3.96	3.84	4.14	10.66	12.33	12.71
Days Sales Outstanding (DSO)	151.27	161.63	176.98	182.89	179.56	153.05	309.10	142.59	121.72	109.86	108.08
Days Inventory Outstanding (DIO)	178.48	172.45	159.50	139.05	132.36	127.83	137.84	133.97	133.39	281.68	287.67
Days Payable Outstanding (DPO)	91.42	94.34	92.24	94.54	100.90	92.14	199.65	176.41	68.51	59.20	57.42
Cash Conversion Cycle (CCC)	238.33	239.73	244.24	227.40	211.02	188.74	197.36	188.35	373.21	383.00	189.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,721	3,633	3,259	3,095	2,506	2,583	2,229	1,819	3,111	1,464	1,484
Invested Capital Turnover	1.86	1.73	1.74	1.88	1.83	1.87	1.82	1.37	2.16	4.22	5.98
Increase / (Decrease) in Invested Capital	88	374	164	588	-77	355	410	-1,292	1,648	-20	-1.07
Enterprise Value (EV)	11,887	10,052	7,623	8,105	5,885	6,778	4,999	5,415	3,993	7,086	2,551
Market Capitalization	11,444	9,367	7,120	7,542	5,596	6,336	4,603	5,305	3,998	3,406	2,294
Book Value per Share	$73.91	$66.47	$62.26	$57.28	$50.19	$50.09	$42.87	$39.96	$36.50	$32.60	$28.80
Tangible Book Value per Share	$32.30	$23.86	$18.53	$11.58	$14.05	$11.82	$26.69	$22.36	$19.50	$14.55	$13.83
Total Capital	4,112	3,986	3,629	3,538	2,971	3,008	2,650	2,164	3,946	1,906	1,836
Total Debt	831	1,036	872	991	740	848	795	446	811	506	597
Total Long-Term Debt	306	384	680	885	409	440	524	244	172	393	515
Net Debt	440	683	501	549	275	424	748	101	-12	64	245
Capital Expenditures (CapEx)	211	186	180	163	60	101	98	102	108	88	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,304	1,128	735	802	701	684	415	551	989	446	481
Debt-free Net Working Capital (DFNWC)	1,569	1,336	946	1,062	982	907	640	723	731	758	707
Net Working Capital (NWC)	1,044	684	754	956	651	499	369	522	497	645	625
Net Nonoperating Expense (NNE)	111	116	62	0.45	42	68	52	20	16	12	36
Net Nonoperating Obligations (NNO)	440	683	501	549	275	424	374	101	-12	64	245
Total Depreciation and Amortization (D&A)	159	165	162	153	144	137	118	114	123	122	122
Debt-free, Cash-free Net Working Capital to Revenue	19.10%	18.88%	13.34%	15.20%	15.04%	15.17%	11.27%	16.31%	31.27%	28.72%	16.25%
Debt-free Net Working Capital to Revenue	22.99%	22.36%	17.17%	20.12%	21.06%	20.12%	34.74%	42.83%	22.41%	24.40%	47.83%
Net Working Capital to Revenue	15.29%	11.45%	13.69%	18.11%	13.96%	11.07%	20.01%	15.46%	31.41%	41.51%	42.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.22	$4.85	$6.21	$6.21	$5.38	$5.20	$4.84	$5.59	$5.54	$4.74	$4.01
Adjusted Weighted Average Basic Shares Outstanding	44.48M	44.38M	44.32M	44.20M	44.20M	43.79M	42.75M	42.75M	42.74M	42.71M	42.65M
Adjusted Diluted Earnings per Share	$7.18	$4.82	$6.18	$6.20	$5.38	$5.20	$4.84	$5.59	$5.54	$4.74	$4.01
Adjusted Weighted Average Diluted Shares Outstanding	44.71M	44.59M	44.58M	44.28M	44.22M	43.85M	42.75M	42.75M	42.75M	42.73M	42.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.55M	44.34M	88.69M	44.26M	88.40M	44.20M	42.75M	42.75M	42.75M	42.73M	42.69M
Normalized Net Operating Profit after Tax (NOPAT)	433	332	337	275	280	296	260	261	255	219	215
Normalized NOPAT Margin	6.34%	5.55%	6.12%	5.21%	6.01%	6.57%	14.13%	15.46%	15.64%	14.07%	14.55%
Pre Tax Income Margin	5.01%	3.79%	5.31%	7.26%	5.62%	5.46%	6.44%	8.43%	8.56%	16.00%	13.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.26	2.64	6.70	10.49	4.67	4.57	6.39	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	2.87	2.41	6.56	6.81	3.93	4.29	5.91	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.87	1.30	3.19	6.46	3.83	3.10	4.16	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.47	1.06	3.06	2.78	3.09	2.83	3.68	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.64%	41.35%	31.51%	28.83%	32.86%	27.37%	72.18%	62.59%	28.66%	33.74%	76.11%
Augmented Payout Ratio	27.64%	41.35%	31.51%	28.83%	32.86%	27.37%	36.09%	31.29%	28.66%	33.74%	38.06%

No quarterly metrics and ratios for Elbit Systems are available.

Frequently Asked Questions About Elbit Systems' Financials

When does Elbit Systems's financial year end?

According to the most recent income statement we have on file, Elbit Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Elbit Systems' net income changed over the last 10 years?

Elbit Systems' net income appears to be on an upward trend, with a most recent value of $321.86 million in 2024, rising from $179.41 million in 2014. The previous period was $215.86 million in 2023.

What is Elbit Systems's operating income?

Elbit Systems's total operating income in 2024 was $489.05 million, based on the following breakdown:

Total Gross Profit: $1.64 billion
Total Operating Expenses: $1.15 billion

How has Elbit Systems revenue changed over the last 10 years?

Over the last 10 years, Elbit Systems' total revenue changed from $2.96 billion in 2014 to $6.83 billion in 2024, a change of 130.8%.

How much debt does Elbit Systems have?

Elbit Systems' total liabilities were at $7.69 billion at the end of 2024, a 13.3% increase from 2023, and a 176.4% increase since 2014.

How much cash does Elbit Systems have?

In the past 10 years, Elbit Systems' cash and equivalents has ranged from $156.07 million in 2017 to $299.32 million in 2015, and is currently $265.35 million as of their latest financial filing in 2024.

How has Elbit Systems' book value per share changed over the last 10 years?

Over the last 10 years, Elbit Systems' book value per share changed from 28.80 in 2014 to 73.91 in 2024, a change of 156.6%.

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This page (NASDAQ:ESLT) was last updated on 5/28/2025 by MarketBeat.com Staff

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Elbit Systems (ESLT) Financials

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Elbit Systems (ESLT) Financials

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