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	4,492	4,138	3,920
Gross Profit	1,935	1,642	1,483	1,373	1,358
Selling, General & Admin	746.69	686.37	689.43	639.07	559.11
Research & Development	517.14	466.4	424.42	435.65	395.09
Other Operating Expenses	-	-	-	-68.92	-14.66
Total Operating Expenses	1,264	1,153	1,114	1,006	939.54
Operating Income	671.42	489.05	369.11	367.48	418.51
Interest Expense	-138.62	-151.13	-137.83	-51.36	-40.39
Other Non-Operating Income (Expense)	29.11	3.82	-4.79	-23.56	5.34
Total Non-Operating Income (Expense)	-109.51	-147.31	-142.61	-74.93	-35.06
Pretax Income	561.92	341.75	226.49	292.56	383.45
Provision for Income Taxes	55.54	39.06	22.91	24.13	131.39
Net Income	534.34	321.14	215.13	275.45	274.35
Minority Interest in Earnings	1.28	0.73	0.73	0.02	0.31
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%	15.24%
Shares Outstanding	46.44	44.55	44.45	-	-
Free Cash Flow	552.81	319.56	-73.33	34.96	228.31
Free Cash Flow Growth	72.99%	-	-	-84.69%	55.71%
Free Cash Flow Per Share	11.78	7.15	-1.64	0.78	5.16
Dividends 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%	24.82%	24.92%	25.73%
Operating Margin	8.46%	7.16%	6.18%	6.67%	7.93%
Profit Margin	6.75%	4.71%	3.61%	5.00%	5.20%
FCF Margin	6.96%	4.68%	-1.23%	0.63%	4.33%
EBITDA	842.86	647.44	533.91	528.77	571.6
EBITDA Margin	10.62%	9.48%	8.94%	9.59%	10.83%
EBIT	671.42	489.05	369.11	367.48	418.51
EBIT Margin	8.46%	7.16%	6.18%	6.67%	7.93%
Effective Tax Rate	9.88%	11.43%	10.12%	8.25%	34.26%

Updated Mar 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q