Elbit Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8,232	7,939	6,828	5,975	5,512	5,279
Revenue Growth (YoY)	14.81%	16.27%	14.28%	8.40%	4.42%	13.21%
Cost of Revenue	6,199	6,003	5,186	4,492	4,138	3,920
Gross Profit	2,033	1,935	1,642	1,483	1,373	1,358
Selling, General & Admin	752.9	746.69	686.37	689.43	639.07	559.11
Research & Development	402.87	517.14	466.4	424.42	435.65	395.09
Other Operating Expenses	-	-	-	-	-68.92	-14.66
Total Operating Expenses	1,156	1,264	1,153	1,114	1,006	939.54
Operating Income	877.23	671.42	489.05	369.11	367.48	418.51
Interest Expense	-131.85	-138.62	-151.13	-137.83	-51.36	-40.39
Other Non-Operating Income (Expense)	25.88	29.11	3.82	-4.79	-23.56	5.34
Total Non-Operating Income (Expense)	-105.97	-109.51	-147.31	-142.61	-74.93	-35.06
Pretax Income	771.26	561.92	341.75	226.49	292.56	383.45
Provision for Income Taxes	62.24	55.54	39.06	22.91	24.13	131.39
Net Income	588.05	534.34	321.14	215.13	275.45	274.35
Minority Interest in Earnings	-29.41	-27.96	-18.45	-11.55	-7.02	-22.29
Net Income to Common	588.05	534.34	321.14	215.13	275.45	274.35
Net Income Growth	65.86%	66.39%	49.28%	-21.90%	0.40%	15.44%
Shares Outstanding (Basic)	46	46	44	44	44	44
Shares Outstanding (Diluted)	48	47	45	45	45	44
Shares Change (YoY)	5.86%	4.94%	0.26%	0.03%	0.68%	0.14%
EPS (Basic)	12.73	11.69	7.22	4.85	6.21	6.21
EPS (Diluted)	12.35	11.39	7.18	4.82	6.18	6.20
EPS Growth	56.73%	58.64%	48.96%	-22.01%	-0.32%	15.24%
Shares Outstanding	46.44	46.44	44.55	44.45	44.34	44.26
Free Cash Flow	601.79	552.81	319.56	-73.33	34.96	228.31
Free Cash Flow Growth	8.86%	72.99%	-	-	-84.69%	55.71%
Free Cash Flow Per Share	12.65	11.78	7.15	-1.64	0.78	5.16
Dividends Per Share	3.500	3.100	2.100	2.000	2.000	1.860
Dividend Growth	12.90%	47.62%	5.00%	-	7.53%	11.38%
Gross Margin	24.70%	24.38%	24.05%	24.82%	24.92%	25.73%
Operating Margin	10.66%	8.46%	7.16%	6.18%	6.67%	7.93%
Profit Margin	6.79%	6.38%	4.43%	3.41%	4.87%	4.78%
FCF Margin	7.31%	6.96%	4.68%	-1.23%	0.63%	4.33%
EBITDA	1,053	842.86	647.44	533.91	528.77	571.6
EBITDA Margin	12.79%	10.62%	9.48%	8.94%	9.59%	10.83%
EBIT	877.23	671.42	489.05	369.11	367.48	418.51
EBIT Margin	10.66%	8.46%	7.16%	6.18%	6.67%	7.93%
Effective Tax Rate	8.07%	9.88%	11.43%	10.12%	8.25%	34.26%

Updated May 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q