Elbit Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,939	6,828	5,975	5,512	5,279
Revenue Growth (YoY)	16.27%	14.28%	8.40%	4.42%	13.21%
Cost of Revenue	6,003	5,186	4,474	4,138	3,920
Gross Profit	1,935	1,642	1,500	1,373	1,358
Selling, General & Admin	730.93	665.46	696.02	643.62	570.83
Research & Development	517.14	466.4	424.42	435.65	395.09
Other Operating Expenses	-	-	-	-49.97	-14.66
Operating Expenses	1,248	1,132	1,120	1,029	951.26
Operating Income	687.18	509.96	380.01	343.98	406.79
Interest Expense	-43.65	-90.01	-79.85	-38.93	-24.26
Interest & Investment Income	6.3	5.12	2.36	0.38	0.47
Earnings From Equity Investments	29.24	19.18	12.28	7.04	22.6
Other Non Operating Income (Expenses)	-92.41	-65.83	-60.77	-11.03	-16.83
EBT Excluding Unusual Items	586.67	378.42	254.03	301.44	388.77
Merger & Restructuring Charges	-	-	-17.5	-	-
Gain (Loss) on Sale of Investments	4.49	-17.49	-2.96	-20.79	17.28
Gain (Loss) on Sale of Assets	-	-	-	18.95	-
Pretax Income	591.16	360.92	238.77	299.6	406.05
Income Tax Expense	55.54	39.06	22.91	24.13	131.39
Earnings From Continuing Operations	535.62	321.86	215.86	275.47	274.66
Minority Interest in Earnings	-1.28	-0.73	-0.73	-0.02	-0.31
Net Income	534.34	321.14	215.13	275.45	274.35
Net Income to Common	534.34	321.14	215.13	275.45	274.35
Net Income Growth	66.39%	49.28%	-21.90%	0.40%	15.44%
Shares Outstanding (Basic)	46	44	44	44	44
Shares Outstanding (Diluted)	47	45	45	45	44
Shares Change (YoY)	4.94%	0.26%	0.03%	0.68%	0.14%
EPS (Basic)	11.69	7.22	4.85	6.21	6.21
EPS (Diluted)	11.39	7.18	4.82	6.18	6.20
EPS Growth	58.64%	48.96%	-22.01%	-0.32%	15.30%
Free Cash Flow	552.81	319.56	-73.33	34.96	228.31
Free Cash Flow Per Share	11.78	7.15	-1.64	0.78	5.16
Dividend Per Share	3.100	2.100	2.000	2.000	1.860
Dividend Growth	47.62%	5.00%	-	7.53%	11.38%
Gross Margin	24.38%	24.05%	25.11%	24.92%	25.73%
Operating Margin	8.66%	7.47%	6.36%	6.24%	7.71%
Profit Margin	6.73%	4.70%	3.60%	5.00%	5.20%
Free Cash Flow Margin	6.96%	4.68%	-1.23%	0.63%	4.32%
EBITDA	858.62	668.35	544.81	505.27	559.88
EBITDA Margin	10.82%	9.79%	9.12%	9.17%	10.61%
D&A For EBITDA	171.43	158.39	164.8	161.29	153.09
EBIT	687.18	509.96	380.01	343.98	406.79
EBIT Margin	8.66%	7.47%	6.36%	6.24%	7.71%
Effective Tax Rate	9.40%	10.82%	9.60%	8.05%	32.36%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.