Elbit Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,828	5,975	5,512	5,279	4,663
Revenue Growth (YoY)	14.28%	8.40%	4.42%	13.21%	64.61%
Cost of Revenue	5,186	4,492	4,138	3,920	3,497
Gross Profit	1,642	1,483	1,373	1,358	1,165
Selling, General & Admin	686.37	689.43	639.07	559.11	514.64
Research & Development	466.4	424.42	435.65	395.09	359.75
Other Operating Expenses	-	-	68.92	14.66	34.96
Total Operating Expenses	1,153	1,114	1,144	968.86	909.35
Operating Income	489.05	369.11	367.48	418.51	325.69
Interest Expense	-151.13	-137.83	-51.36	-40.39	-71.27
Other Non-Operating Income (Expense)	3.82	-4.79	-23.56	5.34	7.41
Total Non-Operating Income (Expense)	-147.31	-142.61	-74.93	-35.06	-63.86
Pretax Income	341.75	226.49	292.56	383.45	261.83
Provision for Income Taxes	-39.06	-22.91	-24.13	-131.39	-36.44
Net Income	321.14	215.13	275.45	274.35	237.66
Minority Interest in Earnings	19.9	13	7.06	22.91	12.93
Net Income to Common	321.14	215.13	275.45	274.35	237.66
Net Income Growth	49.28%	-21.90%	0.40%	15.44%	10.57%
Shares Outstanding (Basic)	44	44	44	44	44
Shares Outstanding (Diluted)	45	45	45	44	44
Shares Change (YoY)	0.26%	0.03%	0.68%	0.14%	2.87%
EPS (Basic)	7.22	4.85	6.21	6.21	5.38
EPS (Diluted)	7.18	4.82	6.18	6.20	5.38
EPS Growth	48.96%	-22.01%	-0.32%	15.24%	7.60%
Free Cash Flow	319.56	-73.33	34.96	228.31	146.62
Free Cash Flow Growth	-	-	-84.69%	55.71%	43.99%
Free Cash Flow Per Share	7.15	-1.64	0.78	5.16	3.32
Dividends Per Share	2.100	2.000	2.000	1.860	1.670
Dividend Growth	5.00%	-	7.53%	11.38%	-
Gross Margin	24.05%	24.82%	24.92%	25.73%	24.99%
Operating Margin	7.16%	6.18%	6.67%	7.93%	6.99%
Profit Margin	4.71%	3.61%	5.00%	5.20%	5.10%
FCF Margin	4.68%	-1.23%	0.63%	4.33%	3.14%
EBITDA	647.44	533.91	528.77	571.6	470.11
EBITDA Margin	9.48%	8.94%	9.59%	10.83%	10.08%
EBIT	489.05	369.11	367.48	418.51	325.69
EBIT Margin	7.16%	6.18%	6.67%	7.93%	6.99%
Effective Tax Rate	-11.43%	-10.12%	-8.25%	-34.26%	-13.92%

Updated Nov 18, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q