Elbit Systems Ltd. (ESLT)

Nasdaq: ESLT · Aircraft Parts & Auxiliary Equipment, NEC · Haifa, Israel, IL · filing with the SEC since 2002

Grade6.0

◀ Past 7.5● Present 5.4▶ Future 5.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 17, 2026	Mar 20, 2025	Mar 28, 2024	May 1, 2023	Apr 7, 2022	Mar 24, 2021	Mar 25, 2020	Mar 19, 2019	Mar 20, 2018	Mar 22, 2017
Revenue	7,938,627,000	6,827,871,000	5,974,744,000	5,511,549,000	5,278,521,000	4,662,572,000	4,508,400,000	3,683,684,000	3,377,825,000	3,260,219,000
For lenders
Provision for credit losses	·	·	·	·	·	2,149	·	·	·	·
Cost of revenue	6,003,374,000	5,186,051,000	4,491,790,000	4,138,266,000	3,920,473,000	3,497,465,000	3,371,933,000	2,707,505,000	2,374,775,000^r	2,294,934,000^r
Gross profit	1,935,253,000	1,641,820,000	1,482,954,000	1,373,283,000	1,358,048,000	1,165,107,000	1,136,467,000	976,179,000	1,003,050,000^r	965,285,000^r
Research and development	599,567,000	544,140,000	502,654,000	501,777,000	447,852,000	428,198,000	368,652,000	317,690,000	301,382,000	291,749,000
Sales and marketing	399,437,000	375,358,000	359,141,000	326,020,000	291,751,000	290,703,000	301,400,000	281,014,000	280,246,000	271,037,000
General and administrative	347,250,000	311,007,000	330,285,000	313,047,000	267,362,000	223,935,000	214,749,000	160,348,000	133,314,000	151,353,000
Total operating expenses	·	·	·	·	·	·	814,857,000	683,347,000	678,620,000	660,607,000
Operating income	671,424,000	489,053,000	369,108,000	367,484,000	418,508,000	325,687,000	321,610,000	292,832,000	324,430,000^r	304,678,000^r
Interest expense	146,445,000	157,766,000^r	143,904,000	54,416,000	42,268,000	74,357,000	73,029,000	46,481,000	36,063,000	25,230,000
Interest and investment income	·	5,121,000	6,077,000	3,052,000	1,875,000	3,087,000	3,957,000	2,420,000	1,561,000	1,488,000
Share of profit of equity-method investments	29,243,000	19,176,000	12,275,000	7,042,000	22,599,000	12,604,000	1,774,000	-2,222,000	11,361,000	5,224,000
Other income (expense), net	29,109,000	3,818,000	-4,787,000	-23,562,000	5,336,000	7,408,000	-6,243,000	-11,449,000	-5,082,000^r	-1,735,000^r
Total non-operating income (expense)	-138,618,000	-151,125,000	-137,827,000	-51,364,000	-40,393,000	-71,270,000	-69,072,000	-44,061,000	-34,502,000	-23,742,000
Income before income taxes	561,915,000	341,746,000	226,494,000	292,558,000	383,451,000	261,825,000	246,295,000	237,322,000	284,846,000	279,201,000
Income tax expense	55,539,000	39,058,000	22,913,000	24,131,000	131,387,000	36,443,000	19,414,000	26,445,000	55,585,000	45,617,000
Net income including non-controlling interests	535,619,000	321,864,000	215,856,000	275,469,000	274,663,000	237,986,000	228,655,000	208,655,000	240,622,000	238,808,000
Net income to non-controlling interests	1,280,000	726,000	725,000	21,000	313,000	328,000	798,000	1,917,000	1,513,000	1,899,000
Net income	534,339,000	321,138,000	215,131,000	275,448,000	274,350,000	237,658,000	227,857,000	206,738,000	239,109,000	236,909,000
Earnings per share, basic	11.69	7.22	4.85	6.21	6.21	5.38	5.20	4.83^r	5.59	5.54
Earnings per share, diluted	11.39	7.18	4.82	6.18	6.20	5.38	5.20	4.83^r	5.59	5.54
Weighted average shares, basic	45,710	44,480	44,375	44,322	44,204	44,198	43,787	42,789^r	42,786^r	42,742
Weighted average shares, diluted	46,918	44,709	44,592	44,581	44,278	44,215	43,848	42,789^r	42,789^r	42,752

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNonoperating

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton ESLT · research, not advice