Elbit Systems (ESLT) Financials

$400.66 -3.60 (-0.89%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$405.55 +4.89 (+1.22%)

As of 08:00 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	171	203	237	239	207	228	238	274	275	215	321
Consolidated Net Income / (Loss)	179	207	239	241	209	229	238	275	275	216	322
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	241	209	229	238	275	275	216	322
Total Pre-Tax Income	199	249	279	285	237	246	262	383	293	226	342
Total Operating Income	247	269	305	324	293	322	326	419	367	369	489
Total Gross Profit	825	897	965	1,003	976	1,136	1,165	1,358	1,373	1,483	1,642
Total Revenue	2,958	3,108	3,260	3,378	3,684	4,508	4,663	5,279	5,512	5,975	6,828
Operating Revenue	2,958	3,108	3,260	3,378	3,684	4,508	4,663	5,279	5,512	5,975	6,828
Total Cost of Revenue	2,133	2,211	2,295	2,375	2,708	3,372	3,497	3,920	4,138	4,492	5,186
Operating Cost of Revenue	2,133	2,211	2,295	2,375	2,708	3,372	3,497	3,920	4,138	4,492	5,186
Total Operating Expenses	578	628	661	679	683	815	839	940	1,006	1,114	1,153
Selling, General & Admin Expense	140	146	151	133	160	215	224	267	313	330	311
Marketing Expense	217	239	271	280	281	301	291	292	326	359	375
Research & Development Expense	228	243	256	265	287	332	360	395	436	424	466
Other Operating Expenses / (Income)	-5.95	0.00	-18	0.00	-45	-33	-35	-15	-69	0.00	0.00
Total Other Income / (Expense), net	-47	-20	-25	-40	-56	-75	-64	-35	-75	-143	-147
Interest Expense	-	-	-	-	44	69	71	40	51	138	151
Other Income / (Expense), net	-47	-20	-25	-40	-11	-6.24	7.41	5.34	-24	-4.79	3.82
Income Tax Expense	26	46	46	56	26	19	36	131	24	23	39
Other Gains / (Losses), net	179	207	239	11	-2.22	1.77	13	23	7.04	12	19
Net Income / (Loss) Attributable to Noncontrolling Interest	8.43	4.35	1.90	1.51	1.92	0.80	0.33	0.31	0.02	0.73	0.73
Basic Earnings per Share	$4.01	$4.74	$5.54	$5.59	$4.83	$5.20	$5.38	$6.21	$6.21	$4.85	$7.22
Weighted Average Basic Shares Outstanding	42.65M	42.71M	42.74M	42.79M	42.79M	43.79M	44.20M	44.20M	44.32M	44.38M	44.48M
Diluted Earnings per Share	$4.01	$4.74	$5.54	$5.59	$4.83	$5.20	$5.38	$6.20	$6.18	$4.82	$7.18
Weighted Average Diluted Shares Outstanding	42.68M	42.73M	42.75M	42.79M	42.79M	43.85M	44.22M	44.28M	44.58M	44.59M	44.71M
Weighted Average Basic & Diluted Shares Outstanding	42.69M	42.73M	42.75M	42.75M	42.75M	44.20M	88.40M	44.26M	88.69M	44.34M	44.55M

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

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

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

No quarterly metrics and ratios for Elbit Systems are available.

Frequently Asked Questions About Elbit Systems' Financials

When does Elbit Systems's fiscal year end?

According to the most recent income statement we have on file, Elbit Systems' financial year ends in December. Their financial 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%.

Related Companies

This page (NASDAQ:ESLT) was last updated on 5/7/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Elbit Systems (ESLT) Financials

Frequently Asked Questions About Elbit Systems' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Elbit Systems (ESLT) Financials

Annual Income Statements for Elbit Systems

Quarterly Income Statements for Elbit Systems

Annual Cash Flow Statements for Elbit Systems

Quarterly Cash Flow Statements for Elbit Systems

Annual Balance Sheets for Elbit Systems

Quarterly Balance Sheets for Elbit Systems

Annual Metrics and Ratios for Elbit Systems

Quarterly Metrics and Ratios for Elbit Systems

Frequently Asked Questions About Elbit Systems' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools