Elbit Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	7,720	6,828	5,975	5,512	5,279	4,663
Revenue Growth (YoY)	18.35%	14.28%	8.40%	4.42%	13.21%	3.42%
Cost of Revenue	5,850	5,186	4,474	4,138	3,920	3,438
Gross Profit	1,871	1,642	1,500	1,373	1,358	1,225
Selling, General & Admin	725.16	665.46	662.02	643.62	570.83	528.28
Research & Development	504.24	466.4	424.42	435.65	395.09	359.75
Other Operating Expenses	-	-	-	-49.97	-14.66	-3.56
Operating Expenses	1,229	1,132	1,120	1,029	951.26	884.46
Operating Income	641.26	509.96	380.01	343.98	406.79	340.04
Interest Expense	-89.38	-90.01	-79.85	-38.93	-24.26	-23.94
Interest & Investment Income	2.85	2.85	2.36	0.38	0.47	1.08
Earnings From Equity Investments	26.82	19.18	12.28	7.04	22.6	12.6
Other Non Operating Income (Expenses)	-68.87	-63.56	-60.77	-11.03	-16.83	-48.19
EBT Excluding Unusual Items	512.68	378.42	254.03	301.44	388.77	281.6
Merger & Restructuring Charges	-	-	-17.5	-	-	-
Gain (Loss) on Sale of Investments	-17.49	-17.49	-2.96	-20.79	17.28	20.83
Gain (Loss) on Sale of Assets	-	-	-	18.95	-	31.4
Asset Writedown	-	-	-	-	-	-59.4
Pretax Income	495.18	360.92	238.77	299.6	406.05	274.43
Income Tax Expense	37.9	39.06	22.91	24.13	131.39	36.44
Earnings From Continuing Operations	457.29	321.86	215.86	275.47	274.66	237.99
Minority Interest in Earnings	-1.12	-0.73	-0.73	-0.02	-0.31	-0.33
Net Income	456.17	321.14	215.13	275.45	274.35	237.66
Net Income to Common	456.17	321.14	215.13	275.45	274.35	237.66
Net Income Growth	74.68%	49.28%	-21.90%	0.40%	15.44%	4.30%
Shares Outstanding (Basic)	45	44	44	44	44	44
Shares Outstanding (Diluted)	46	45	45	45	44	44
Shares Change (YoY)	3.54%	0.26%	0.03%	0.68%	0.14%	0.84%
EPS (Basic)	10.08	7.22	4.85	6.21	6.21	5.38
EPS (Diluted)	9.87	7.18	4.82	6.18	6.20	5.38
EPS Growth	68.63%	48.96%	-22.01%	-0.32%	15.30%	3.41%
Free Cash Flow	736.68	319.56	-73.33	34.96	228.31	146.62
Free Cash Flow Per Share	15.94	7.15	-1.64	0.78	5.16	3.32
Dividend Per Share	2.700	2.100	2.000	2.000	1.860	1.670
Dividend Growth	35.00%	5.00%	-	7.53%	11.38%	-5.11%
Gross Margin	24.23%	24.05%	25.11%	24.92%	25.73%	26.26%
Operating Margin	8.31%	7.47%	6.36%	6.24%	7.71%	7.29%
Profit Margin	5.91%	4.70%	3.60%	5.00%	5.20%	5.10%
Free Cash Flow Margin	9.54%	4.68%	-1.23%	0.63%	4.32%	3.15%
EBITDA	811.33	668.35	544.81	505.27	559.88	484.46
EBITDA Margin	10.51%	9.79%	9.12%	9.17%	10.61%	10.39%
D&A For EBITDA	170.07	158.39	164.8	161.29	153.09	144.42
EBIT	641.26	509.96	380.01	343.98	406.79	340.04
EBIT Margin	8.31%	7.47%	6.36%	6.24%	7.71%	7.29%
Effective Tax Rate	7.65%	10.82%	9.60%	8.05%	32.36%	13.28%

Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q