15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.2% per year over the past 5 years.
Net income has grown faster than revenue (17.6% vs 11.2% per year).
Operating margin has expanded, at 8.5% in the latest year.
Free cash flow has grown 30.4% per year over the past 5 years.
Financial health
The company holds more cash ($635M) than total debt ($101M).
Total debt has grown slower than revenue (-25.0% vs 11.2% per year).
Operating income covered interest expense 4.6× in the latest year.
Total debt is 0.1× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 20.9% of earnings and 20.2% of free cash flow.
The dividend has grown 7.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$7.9B
$534M
24.4%
8.5%
12.9%
4.2%
$553M
$101M
$635M
2024
$6.8B
$321M
24.0%
7.2%
9.8%
2.9%
$320M
$102M
$265M
2023
$6.0B
$215M
24.8%
6.2%
7.3%
2.2%
-$73M
$117M
$197M
2022
$5.5B
$275M
24.9%
6.7%
10.0%
3.0%
$35M
$276M
$211M
2021
$5.3B
$274M
25.7%
7.9%
10.8%
2.9%
$228M
$363M
$259M
2020
$4.7B
$238M
25.0%
7.0%
10.7%
2.9%
$147M
$427M
$279M
2019
$4.5B
$228M
25.2%
7.1%
10.6%
3.1%
-$191M
$578M
$221M
2018
$3.7B
$207M
26.5%
7.9%
11.3%
3.2%
$89M
$470M
$208M
2017
$3.4B
$239M
29.7%
9.6%
14.0%
5.1%
-$7M
$120M
$156M
2016
$3.3B
$237M
29.6%
9.3%
15.2%
5.4%
$84M
$166M
$223M
2015
$3.1B
$203M
28.9%
8.6%
14.6%
4.9%
$336M
$214M
$223M
2014
$3.0B
$171M
27.9%
8.3%
13.9%
4.3%
$107M
$244M
$200M
2013
$2.9B
$183M
28.2%
8.2%
15.6%
4.7%
$104M
$224M
$192M
2012
$2.9B
$168M
28.2%
7.0%
16.5%
4.4%
$117M
$206M
$192M
2011
$2.8B
$90M
26.0%
4.1%
10.1%
2.4%
$69M
$400M
$203M
Valuation over time
How the market has priced ESLT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 28.8× (Mar '23) to 64.5× (Nov '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 4.3× (Nov '26).
The dividend yield has fallen from 1.1% (Mar '23) to 0.3% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ESLT growing its revenue and profit?
Over the past 5 years, Elbit Systems Ltd's revenue has grown 11.2% per year, and net income grown 17.6% per year. These are computed facts, not advice.
How much debt does ESLT have?
As of FY2025, Elbit Systems Ltd reported $101M of total debt against $635M of cash; operating income covered interest expense 4.6×.
What is ESLT's profit margin?
In FY2025, gross margin was 24.4%, operating margin 8.5%, and net margin 6.7%.
What is ESLT's P/E ratio?
Elbit Systems Ltd's P/E (TTM) is 64.53 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ESLT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 64.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.