Elbit Systems (ESLT) Financials

$779.43 +0.01 (+0.00%)

Closing price 04:00 PM Eastern

Extended Trading

$783.12 +3.69 (+0.47%)

As of 07:59 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	203	237	239	207	228	238	274	275	215	321	534
Consolidated Net Income / (Loss)	207	239	241	209	229	238	275	275	216	322	536
Net Income / (Loss) Continuing Operations	0.00	0.00	241	209	229	238	275	275	216	322	536
Total Pre-Tax Income	249	279	285	237	246	262	383	293	226	342	562
Total Operating Income	269	305	324	293	322	326	419	367	369	489	671
Total Gross Profit	897	965	1,003	976	1,136	1,165	1,358	1,373	1,483	1,642	1,935
Total Revenue	3,108	3,260	3,378	3,684	4,508	4,663	5,279	5,512	5,975	6,828	7,939
Operating Revenue	3,108	3,260	3,378	3,684	4,508	4,663	5,279	5,512	5,975	6,828	7,939
Total Cost of Revenue	2,211	2,295	2,375	2,708	3,372	3,497	3,920	4,138	4,492	5,186	6,003
Operating Cost of Revenue	2,211	2,295	2,375	2,708	3,372	3,497	3,920	4,138	4,492	5,186	6,003
Total Operating Expenses	628	661	679	683	815	839	940	1,006	1,114	1,153	1,264
Selling, General & Admin Expense	146	151	133	160	215	224	267	313	330	311	347
Marketing Expense	239	271	280	281	301	291	292	326	359	375	399
Research & Development Expense	243	256	265	287	332	360	395	436	424	466	517
Total Other Income / (Expense), net	-20	-25	-40	-56	-75	-64	-35	-75	-143	-147	-110
Interest Expense	-	-	-	44	69	71	40	51	138	151	139
Other Income / (Expense), net	-20	-25	-40	-11	-6.24	7.41	5.34	-24	-4.79	3.82	29
Income Tax Expense	46	46	56	26	19	36	131	24	23	39	56
Other Gains / (Losses), net	207	239	11	-2.22	1.77	13	23	7.04	12	19	29
Net Income / (Loss) Attributable to Noncontrolling Interest	4.35	1.90	1.51	1.92	0.80	0.33	0.31	0.02	0.73	0.73	1.28
Basic Earnings per Share	$4.74	$5.54	$5.59	$4.83	$5.20	$5.38	$6.21	$6.21	$4.85	$7.22	$11.69
Weighted Average Basic Shares Outstanding	42.71M	42.74M	42.79M	42.79M	43.79M	44.20M	44.20M	44.32M	44.38M	44.48M	45.71M
Diluted Earnings per Share	$4.74	$5.54	$5.59	$4.83	$5.20	$5.38	$6.20	$6.18	$4.82	$7.18	$11.39
Weighted Average Diluted Shares Outstanding	42.73M	42.75M	42.79M	42.79M	43.85M	44.22M	44.28M	44.58M	44.59M	44.71M	46.92M
Weighted Average Basic & Diluted Shares Outstanding	42.73M	42.75M	42.75M	42.75M	44.20M	88.40M	44.26M	88.69M	44.34M	44.55M	46.44M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	99	-77	-67	52	13	58	-20	-62	-14	68	370
Net Cash From Operating Activities	435	208	101	192	-53	279	417	240	114	535	778
Net Cash From Continuing Operating Activities	435	208	101	192	-53	279	417	226	114	535	778
Net Income / (Loss) Continuing Operations	207	239	241	209	229	238	275	275	216	322	536
Consolidated Net Income / (Loss)	207	239	241	209	229	238	275	275	216	322	536
Depreciation Expense	122	123	114	118	137	144	153	161	165	158	171
Amortization Expense	-0.09	-0.09	-0.09	-0.09	-0.09	-0.05	0.40	0.77	0.58	0.49	0.39
Non-Cash Adjustments To Reconcile Net Income	21	-319	-316	-128	-289	-531	-437	27	-94	-489	-672
Changes in Operating Assets and Liabilities, net	85	165	63	-7.56	-130	427	426	-238	-173	543	743
Net Cash From Investing Activities	-182	-118	-116	-593	-107	-23	-588	-152	-211	-179	-391
Net Cash From Continuing Investing Activities	-182	-118	-116	-593	-107	-23	-588	-152	-211	-179	-391
Purchase of Property, Plant & Equipment	-99	-124	-108	-102	-138	-132	-189	-205	-187	-215	-226
Acquisitions	-141	-1.54	-25	-507	-357	0.22	-446	69	-10	7.38	0.40
Purchase of Investments	-81	-45	-47	-18	-11	-8.21	-1.83	-1.90	-15	6.32	-181
Sale of Property, Plant & Equipment	12	16	6.27	4.39	37	72	26	25	1.47	4.11	1.13
Sale and/or Maturity of Investments	129	38	59	30	17	45	22	12	0.15	19	15
Other Investing Activities, net	-	-	0.00	0.00	345	-	0.48	-51	0.08	-0.18	-0.03
Net Cash From Financing Activities	-154	-167	-52	454	173	-198	151	-136	83	-288	-18
Net Cash From Continuing Financing Activities	-154	-167	-52	454	173	-198	151	-136	83	-288	-18
Repayment of Debt	-283	-104	-223	-56	-300	-322	-821	-89	152	-199	-479
Payment of Dividends	-70	-68	-75	-75	-63	-78	-79	-87	-89	-89	-112
Issuance of Debt	197	5.03	246	585	350	202	1,052	40	20	0.00	0.00
Other Financing Activities, net	1.62	0.51	0.12	0.05	-	0.00	0.02	0.02	0.03	0.03	573
Cash Interest Paid	3.63	6.25	16	30	-	-	19	26	67	76	37
Cash Income Taxes Paid	37	29	48	26	-	-	38	76	31	35	59

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	4,124	4,352	4,715	6,451	7,335	8,058	9,317	9,216	9,740	10,972	12,662
Total Current Assets	2,283	2,421	2,611	3,279	3,672	4,273	4,980	5,032	5,508	6,355	7,735
Cash & Equivalents	299	223	156	208	221	279	259	211	197	265	635
Accounts Receivable	942	1,233	1,407	1,713	2,068	2,520	2,770	2,575	2,717	2,943	3,332
Inventories, net	837	840	903	1,142	1,220	1,317	1,670	1,946	2,298	2,774	3,130
Prepaid Expenses	171	103	129	199	161	156	279	299	285	372	457
Other Current Assets	20	8.88	-	-	-	-	-	1.04	-	1.33	181
Plant, Property, & Equipment, net	450	474	496	687	767	787	903	949	1,088	1,277	1,382
Total Noncurrent Assets	1,391	1,457	1,608	2,485	2,897	2,998	3,435	3,235	3,144	3,339	3,544
Long-Term Investments	130	181	172	196	202	184	183	160	145	126	127
Noncurrent Note & Lease Receivables	168	206	333	706	317	381	450	487	452	584	771
Goodwill	623	617	647	1,023	1,341	1,317	1,551	1,502	1,499	1,491	1,497
Intangible Assets	148	109	106	239	295	280	469	433	391	355	325
Noncurrent Deferred & Refundable Income Taxes	53	80	51	43	89	119	65	20	23	34	87
Other Noncurrent Operating Assets	270	264	299	279	653	717	718	633	633	750	738
Total Liabilities & Shareholders' Equity	4,124	4,352	4,715	6,451	7,335	8,058	9,317	9,216	9,740	10,972	12,662
Total Liabilities	2,724	2,785	2,997	4,596	5,176	5,827	6,771	6,458	6,789	7,691	8,532
Total Current Liabilities	1,638	1,924	2,089	2,910	3,173	3,622	4,024	4,277	4,824	5,311	5,976
Short-Term Debt	113	234	201	271	408	331	106	192	652	525	134
Accounts Payable	347	514	634	776	926	1,007	1,024	1,068	1,254	1,344	1,512
Accrued Expenses	740	829	835	1,082	1,052	1,218	1,314	1,171	1,194	1,208	1,549
Current Deferred Revenue	437	347	419	781	724	1,000	1,503	-	1,656	2,149	2,683
Other Current Liabilities	-	-	-	0.00	63	66	77	1,846	67	85	98
Total Noncurrent Liabilities	1,086	860	908	1,686	2,003	2,204	2,747	2,181	1,965	2,379	2,555
Long-Term Debt	393	172	244	524	440	409	885	680	384	306	256
Noncurrent Deferred Revenue	168	175	-	-	63	169	294	-	354	817	934
Noncurrent Deferred & Payable Income Tax Liabilities	45	60	68	79	114	132	141	73	55	74	138
Noncurrent Employee Benefit Liabilities	382	376	413	737	837	914	884	618	510	454	488
Other Noncurrent Operating Liabilities	100	78	182	346	549	580	542	810	661	728	740
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	1,399	1,567	1,718	1,854	2,160	2,231	2,546	2,758	2,950	3,281	4,130
Total Preferred & Common Equity	1,391	1,560	1,708	1,832	2,141	2,218	2,532	2,755	2,948	3,278	4,130
Total Common Equity	1,391	1,560	1,708	1,832	2,141	2,218	2,532	2,755	2,948	3,278	4,130
Common Stock	274	274	274	276	424	428	434	444	456	472	1,072
Retained Earnings	1,230	1,398	1,562	1,692	1,862	2,001	2,196	2,383	2,509	2,741	3,151
Accumulated Other Comprehensive Income / (Loss)	-72	-72	-88	-95	-145	-211	-98	-72	-18	64	-93
Noncontrolling Interest	8.05	7.40	9.66	22	18	13	15	2.45	2.79	3.44	0.38

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	46,442,352.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	46,442,352.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	11.51
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	219	255	261	260	296	280	275	337	332	433	605
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.29%	8.32%	10.53%	13.39%
Earnings before Interest and Taxes (EBIT)	249	558	285	281	315	333	424	344	364	493	701
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	371	402	399	399	452	477	577	506	530	652	872
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	239	-2,785	1,554	-150	-59	357	-313	173	-43	345	568
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,464	3,111	1,819	2,229	2,583	2,506	3,095	3,259	3,633	3,721	3,758
Increase / (Decrease) in Invested Capital	-20	1,648	-1,292	410	355	-77	588	164	374	88	37
Book Value per Share	$32.60	$36.50	$39.96	$42.87	$50.09	$50.19	$57.28	$62.26	$66.47	$73.91	$92.70
Tangible Book Value per Share	$14.55	$19.50	$22.36	$26.69	$11.82	$14.05	$11.58	$18.53	$23.86	$32.30	$51.80
Total Capital	1,906	3,946	2,164	2,650	3,008	2,971	3,538	3,629	3,986	4,112	4,520
Total Debt	506	811	446	795	848	740	991	872	1,036	831	390
Total Long-Term Debt	393	172	244	524	440	409	885	680	384	306	256
Net Debt	64	-12	101	748	424	275	549	501	683	440	-372
Capital Expenditures (CapEx)	88	108	102	98	101	60	163	180	186	211	224
Debt-free, Cash-free Net Working Capital (DFCFNWC)	446	989	551	415	684	701	802	735	1,128	1,304	1,258
Debt-free Net Working Capital (DFNWC)	758	731	723	640	907	982	1,062	946	1,336	1,569	1,893
Net Working Capital (NWC)	645	497	522	369	499	651	956	754	684	1,044	1,759
Net Nonoperating Expense (NNE)	12	16	20	52	68	42	0.45	62	116	111	69
Net Nonoperating Obligations (NNO)	64	-12	101	374	424	275	549	501	683	440	-372
Total Depreciation and Amortization (D&A)	122	123	114	118	137	144	153	162	165	159	172
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.74	$5.54	$5.59	$4.84	$5.20	$5.38	$6.21	$6.21	$4.85	$7.22	$11.69
Adjusted Weighted Average Basic Shares Outstanding	42.71M	42.74M	42.75M	42.75M	43.79M	44.20M	44.20M	44.32M	44.38M	44.48M	45.71M
Adjusted Diluted Earnings per Share	$4.74	$5.54	$5.59	$4.84	$5.20	$5.38	$6.20	$6.18	$4.82	$7.18	$11.39
Adjusted Weighted Average Diluted Shares Outstanding	42.73M	42.75M	42.75M	42.75M	43.85M	44.22M	44.28M	44.58M	44.59M	44.71M	46.92M
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	42.73M	42.75M	42.75M	42.75M	44.20M	88.40M	44.26M	88.69M	44.34M	44.55M	46.44M
Normalized Net Operating Profit after Tax (NOPAT)	219	255	261	260	296	280	275	337	332	433	605
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

No quarterly metrics and ratios for Elbit Systems are available.

Financials Breakdown Chart

Elbit Systems Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Elbit Systems' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Elbit Systems' net income appears to be on an upward trend, with a most recent value of $535.62 million in 2025, rising from $206.86 million in 2015. The previous period was $321.86 million in 2024. See where experts think Elbit Systems is headed by visiting Elbit Systems' forecast page.

Elbit Systems' total operating income in 2025 was $671.42 million, based on the following breakdown:

Total Gross Profit: $1.94 billion
Total Operating Expenses: $1.26 billion

Over the last 10 years, Elbit Systems' total revenue changed from $3.11 billion in 2015 to $7.94 billion in 2025, a change of 155.5%.

Elbit Systems' total liabilities were at $8.53 billion at the end of 2025, a 10.9% increase from 2024, and a 213.2% increase since 2015.

In the past 10 years, Elbit Systems' cash and equivalents has ranged from $156.07 million in 2017 to $635.14 million in 2025, and is currently $635.14 million as of their latest financial filing in 2025.

Over the last 10 years, Elbit Systems' book value per share changed from 32.60 in 2015 to 92.70 in 2025, a change of 184.4%.

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Financial statements for NASDAQ:ESLT last updated on 3/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Elbit Systems (ESLT) Financials

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Elbit Systems Financials - Frequently Asked Questions

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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

Financials Breakdown Chart

Elbit Systems Financials - Frequently Asked Questions

When does Elbit Systems' financial year end?

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

What is Elbit Systems' operating income?

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

How much debt does Elbit Systems have?

How much cash does Elbit Systems have?

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

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