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Elbit Systems Ltd.

ESLT Industrials Aerospace & Defense

Elbit Systems Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.9 billion, up 16.3% from fiscal 2024.

Revenue
+15.9%
EPS
+34.4%
Free cash flow
+113.9%
Total debt
−18.1%

Quarter to June 2026, against a year earlier

654.90 48.56 −6.90%
Market cap
$30.5B
P/E
47.9×
Fwd P/E
53.7×
Dividend yield
0.57%
F-score
8/9
Altman Z
3.17
Beneish M
−2.46
Dividend safety
92/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 61.88
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 7 — — — — — — —
Insider Ownership 41.09%

Capital & Financial Ratios $m

Size
Market Cap 30,530.00
Revenue ttm 8,546.07
Net income ttm 636.61
Free cash flow ttm 683.50
Net debt Q (695.42)
Valuation
P/E 47.87 (above 35: high)
Forward P/E 53.70 (above 35: high)
Price / sales 3.58
Forward P/S Powerpack
Price / FCF 44.81
Price / book 7.19 (above 6: high)
Financial health
Current ratio Q 1.39
Debt / equity Q 0.06 (at or below 0.5: strong)
Interest coverage Q 9.92
Growth
Revenue growth Q +15.94% (above 0%: growing)
Operating income growth Q +38.64% (above 0%: growing)
EPS, this year +29.02% (at or above 15%: strong)
EPS, next year A +19.69% (at or above 15%: strong)
Revenue, next year A +15.05% (at or above 10%: strong)
EPS, past 5 yrs +16.18% (at or above 15%: strong)
EPS, next 5 yrs A +21.23% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 1.6×; over the ten years it ranged from 1.1× in 2020 to 4.9× in 2026.
P/E against its own 10 years 85.88%
10-year low 10-year high
P/S against its own 10 years 92.30%
10-year low 10-year high
P/B against its own 10 years 92.37%
10-year low 10-year high
EV/Sales against its own 10 years 92.30%
10-year low 10-year high
EV/FCF against its own 10 years 51.82%
10-year low 10-year high

Dividends

Yield
0.57%
Annual rate
3.75
Payout ratio
28.3%
Growth, 2017–25
+5.49%/yr
  1. 1.76 ’17
  2. 2.20 ’18 +25
  3. 2.20 ’19 +0
  4. 1.67 ’20 −24
  5. 1.80 ’21 +8
  6. 2.00 ’22 +11
  7. 2.50 ’23 +25
  8. 2.00 ’24 −20
  9. 2.70 ’25 +35
  10. 4.03 ’26e +49
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 208 267 816 963
Receivables 3,002 3,315 3,790 4,666
Inventory 2,298 2,774 3,130 3,237
Other — — — —
5,508 6,355 7,735 8,866
2023 2024 2025 Q'26
Payables 1,254 1,344 1,512 1,688
ST’ Debt 75 75 83 88
Other 1,656 2,149 2,683 2,793
4,824 5,311 5,976 6,356

Compound Annual Growth %

10y 5y 3y
Sales 9.83% 11.23% 12.93%
Cash Flow 6.00% 22.79% 48.01%
Earnings 10.19% 17.59% 24.72%
Book Value 11.43% 13.10% 14.41%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 3.69 Actual 4.14

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 2.75 3.35 Beat by 0.60
Dec 2025 3.23 3.56 Beat by 0.33
Mar 2026 3.44 3.87 Beat by 0.43
Jun 2026 3.69 4.14 Beat by 0.45
Sep 2026 3.97 — Reports 17 November 2026

EPS $

Mar Jun Sep Dec Year
’26 3.34 3.61 — — —
’25 2.35 2.69 2.80 3.52 11.39
’24 1.65 1.76 1.77 2.00 7.18
’23 1.40 1.40 1.36 0.67 4.82
’22 1.19 1.82 1.26 1.91 6.18
’21 1.64 2.30 2.08 0.18 6.20
’20 1.44 2.02 0.38 1.53 5.38
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,189 2,287 — — —
’25 1,896 1,973 1,922 2,149 7,939
’24 1,554 1,626 1,718 1,930 6,828
’23 1,393 1,454 1,502 1,626 5,975
’22 1,353 1,303 1,349 1,506 5,512
’21 1,118 1,302 1,364 1,494 5,279
’20 1,071 1,079 1,134 1,378 4,663
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 281 237 — — —
’25 184 120 157 317 778
’24 (6) 32 57 452 535
’23 (73) (138) 11 314 114
’22 35 (169) 178 195 240
’21 (13) 170 0 260 417
’20 (10) 179 (63) 172 279
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 210 151 — — —
’25 161 71 102 220 554
’24 (82) (3) 6 403 324
’23 (109) (198) (50) 285 (72)
’22 (9) (222) 110 180 60
’21 (46) 152 (45) 193 254
’20 (41) 222 (96) 133 219
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,260 3,378 3,684 4,508 4,663 5,279 5,512 5,975 6,828 7,939 8,546 +10.4% 9,133 10,248 11,341 +12.6%
Gross margin, % 29.43 29.70 26.50 25.21 24.99 25.73 24.92 24.82 24.05 24.38 25.03 (5.1) pt
EBT 279 285 237 246 262 383 293 226 342 562 695 +8.1%
EBT margin, % 8.56 8.43 6.44 5.46 5.62 7.26 5.31 3.79 5.01 7.08 8.13 (1.5) pt
Net income 239 241 209 229 238 275 275 216 322 536 637 +9.4%
Per share, $
Per share, $ Revenue 76.28 79.01 86.09 102.96 105.49 119.41 124.35 134.64 153.50 173.67 182.74 +9.6%
Earnings 5.54 5.59 4.84 5.20 5.38 6.21 6.21 4.85 7.22 11.69 13.68 +8.7%
Cash flow 4.87 2.36 4.48 (1.22) 6.31 9.43 5.42 2.56 12.02 17.03 21.22 +14.9%
Capex (2.54) (2.38) (2.29) 5.57 (1.36) (3.68) (4.07) (4.18) (4.74) (4.91) (6.60) +7.6%
Free cash flow 2.33 (0.02) 2.19 4.35 4.95 5.75 1.35 (1.62) 7.28 12.12 14.62 +20.1%
Book value 36.67 40.19 43.34 49.33 50.49 57.60 62.22 66.49 73.76 90.35 94.30 +10.5%
Shares, m 43 43 43 44 44 44 44 44 44 46 46 +0.7%
Valuation, ×
Valuation, × P/E 18.40 24.29 23.56 29.76 24.36 28.04 27.05 43.68 35.74 49.50 47.87 30.4
P/S 1.34 1.72 1.32 1.51 1.24 1.46 1.35 1.58 1.68 3.33 3.58 1.7
P/B 2.78 3.38 2.63 3.14 2.59 3.02 2.70 3.19 3.50 6.39 7.19 3.3
EV/Sales 1.38 1.76 1.42 1.60 1.27 1.59 1.45 1.62 1.70 3.27 3.50 1.7
EV/FCF 45.33 (8,290.64) 55.90 37.80 27.12 33.07 133.52 (134.59) 35.82 46.81 43.79 (801.0)
Cash, $m
Cash, $m Operating cash flow 208 101 192 (53) 279 417 240 114 535 778 992 +15.8%
Capex (108) (102) (98) 244 (60) (163) (180) (186) (211) (224) (309) +8.4%
Free cash flow 100 (1) 94 191 219 254 60 (72) 324 554 684 +21.0%
Balance, $m
Balance, $m Working capital 497 522 369 499 651 956 754 684 1,044 1,759 2,510 +15.1%
Net debt 155 139 362 417 146 703 544 251 114 (477) (695) n/m
Shareholders’ equity 1,567 1,718 1,854 2,160 2,231 2,546 2,758 2,950 3,281 4,130 4,410 +11.4%
Returns, %
Returns, % ROA 5.59 5.27 3.70 3.31 3.09 3.16 2.97 2.27 3.10 4.52 4.90 (1.1) pt
ROIC 10.85 10.92 8.26 7.80 8.56 8.05 6.96 7.21 9.00 11.49 13.26 +0.6 pt
ROE 15.97 14.56 11.57 11.35 10.82 11.48 10.39 7.54 10.31 14.42 0.00 (1.6) pt
People
People Employees 12,470 12,781 16,149 16,575 16,676 17,787 18,407 18,984 19,712 20,537 — +5.7%
Revenue/emp, $m 0.26 0.26 0.23 0.27 0.28 0.30 0.30 0.31 0.35 0.39 — +4.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Elbit Systems Ltd. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LHX L3Harris Technologies Inc $48.1B 23.8× 22.5× +7.09% (above 0%: growing) +37.49% (above 0%: growing) +198.13% (above 0%: growing) 26.60% 12.97% Compare
HONA Honeywell Aerospace inc. $47.4B — — — — — 36.93% 22.14% Compare
HEI.A Heico Corporation $38.9B 40.0× 50.7× +23.13% (above 0%: growing) +33.07% (above 0%: growing) +47.74% (above 0%: growing) 41.12% 25.14% Compare
HEI Heico Corporation $38.5B 53.7× 50.7× +23.13% (above 0%: growing) +33.07% (above 0%: growing) +47.74% (above 0%: growing) 41.12% 25.14% Compare
AXON Axon Enterprise, Inc $31.1B 155× 123× +35.28% (above 0%: growing) −19.57% (below 0%: shrinking) +99.15% (above 0%: growing) 60.42% 5.17% Compare
ESLT Elbit Systems Ltd. $30.5B 47.9× 53.7× +15.94% (above 0%: growing) +34.42% (above 0%: growing) +113.91% (above 0%: growing) 25.32% 9.57%
RKLB Rocket Lab Corporation $27.5B — (loss-making) — (loss-making) +61.99% (above 0%: growing) n/m −99.66% (below 0%: shrinking) 36.13% (24.57%) Compare
ARXS Arxis, Inc. $20.9B — — +35.96% (above 0%: growing) — +117.42% (above 0%: growing) 54.27% 23.66% Compare
WWD Woodward, Inc. $18.1B 33.2× 32.8× +21.22% (above 0%: growing) +35.71% (above 0%: growing) −12.15% (below 0%: shrinking) 31.53% 16.66% Compare
Median of peers $34.8B 40.0× 50.7× +23.13% +33.07% +47.74% 39.03% 19.40%

All 94 Aerospace & Defense stocks →

Elbit Systems Ltd. (ESLT) Latest News

28 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · PR Newswire

26 Oct

Impact 4 · · InvestorsHub
Impact 4 · · Stocktwits
Impact 4 · · PR Newswire

22 Oct

Impact 3 · · Zacks

21 Oct

Impact 4 · · Insider Monkey

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · Stocktwits
Impact 4 · · PR Newswire
Impact 3 · · Benzinga

16 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · Zacks

20 Sep

Impact 3 ·

10 Sep

Impact 3 ·

9 Sep

Impact 4 ·
Impact 3 ·

2 Sep

Impact 4 ·

1 Sep

Impact 4 · · InvestorsHub
Impact 4 ·

12 Aug

Impact 3 ·

11 Aug

Impact 4 · transcript
Impact 4 ·
Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·
Impact 3 · · dpa-international.com
Impact 3 ·

4 Aug

Impact 4 · · semafor.com

20 Jul

Impact 4 · · InvestorsHub

ESLT metrics, ten years each

stockrow.com/ESLT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com