Elbit Systems Ltd. (ESLT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.19B | 2.15B | 1.92B | 1.97B | 1.9B | 1.93B | 1.72B | 1.63B | 1.55B | 1.63B | 1.5B | 1.45B | 1.39B | 1.51B | 1.35B | 1.3B | 1.35B | 5.28B | 1.36B | 1.3B |
| Revenue Growth % | 15.46% | 11.31% | 11.88% | 21.31% | 22% | 18.72% | 14.38% | 11.85% | 11.52% | 7.92% | 11.31% | 11.55% | 3.01% | -71.46% | -1.07% | 0.08% | 20.97% | 283.13% | 20.23% | 20.65% |
| Cost of Goods Sold | 1.64B | 1.62B | 1.44B | 1.5B | 1.44B | 1.47B | 1.3B | 1.24B | 1.18B | 1.24B | 1.13B | 1.08B | 1.03B | 1.13B | 1.02B | 963.65M | 1.03B | 3.92B | 1B | 963.17M |
| COGS % of Revenue | 74.78% | 75.34% | 75.11% | 76.03% | 76.04% | 75.9% | 75.97% | 76.04% | 75.92% | 76.5% | 75.55% | 74.4% | 74.06% | 74.73% | 75.83% | 73.93% | 75.83% | 74.27% | 73.37% | 73.96% |
| Gross Profit | 552.06M | 529.79M | 478.24M | 472.91M | 454.31M | 465.2M | 412.78M | 389.69M | 374.15M | 382.11M | 367.17M | 372.16M | 361.52M | 380.63M | 325.98M | 339.73M | 326.94M | 1.36B | 363.16M | 339.2M |
| Gross Margin % | 25.22% | 24.66% | 24.89% | 23.97% | 23.96% | 24.1% | 24.03% | 23.96% | 24.08% | 23.5% | 24.45% | 25.6% | 25.94% | 25.27% | 24.17% | 26.07% | 24.17% | 25.73% | 26.63% | 26.04% |
| Gross Profit Growth % | 21.52% | 13.88% | 15.86% | 21.36% | 21.42% | 21.75% | 12.42% | 4.71% | 3.49% | 0.39% | 12.64% | 9.55% | 10.57% | -71.97% | -10.24% | 0.15% | 16.21% | 279.52% | 52.98% | 20.92% |
| Operating Expenses | 346.93M | 321.57M | 306.81M | 315.09M | 304.6M | 302.9M | 286.98M | 273.2M | 268.79M | 314.53M | 261.12M | 270.57M | 267.62M | 260.3M | 252.56M | 224.61M | 268.33M | 939.54M | 252.89M | 222.07M |
| OpEx % of Revenue | 15.85% | 14.97% | 15.97% | 15.97% | 16.07% | 15.69% | 16.71% | 16.8% | 17.3% | 19.35% | 17.39% | 18.61% | 19.2% | 17.28% | 18.72% | 17.23% | 19.83% | 17.8% | 18.55% | 17.05% |
| Selling, General & Admin | 196.54M | 177.48M | 177.69M | 185.43M | 190.33M | 171.71M | 167.09M | 156.4M | 170.26M | 203.77M | 157.81M | 177.14M | 157.3M | 168.07M | 148.74M | 155.51M | 171.3M | 559.11M | 151.43M | 141.32M |
| SG&A % of Revenue | 8.98% | 8.26% | 9.25% | 9.4% | 10.04% | 8.9% | 9.73% | 9.62% | 10.96% | 12.53% | 10.51% | 12.18% | 11.29% | 11.16% | 11.03% | 11.93% | 12.66% | 10.59% | 11.1% | 10.85% |
| Research & Development | 150.39M | 144.09M | 129.11M | 129.67M | 114.27M | 131.19M | 119.89M | 116.8M | 98.52M | 117.36M | 103.31M | 93.43M | 110.32M | 125.42M | 113.19M | 96.35M | 100.68M | 395.09M | 101.47M | 95.41M |
| R&D % of Revenue | 6.87% | 6.71% | 6.72% | 6.57% | 6.03% | 6.8% | 6.98% | 7.18% | 6.34% | 7.22% | 6.88% | 6.43% | 7.92% | 8.33% | 8.39% | 7.39% | 7.44% | 7.48% | 7.44% | 7.33% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | -1000K |
| Operating Income | 205.13M | 208.22M | 171.43M | 157.82M | 149.71M | 162.3M | 125.81M | 116.48M | 105.36M | 67.58M | 106.05M | 101.58M | 93.9M | 120.33M | 73.42M | 115.11M | 58.62M | 418.51M | 110.27M | 117.13M |
| Operating Margin % | 9.37% | 9.69% | 8.92% | 8% | 7.9% | 8.41% | 7.32% | 7.16% | 6.78% | 4.16% | 7.06% | 6.99% | 6.74% | 7.99% | 5.44% | 8.83% | 4.33% | 7.93% | 8.09% | 8.99% |
| Operating Income Growth % | 37.02% | 28.29% | 36.27% | 35.48% | 42.09% | 140.17% | 18.63% | 14.67% | 12.21% | -43.84% | 44.44% | -11.76% | 60.19% | -71.25% | -33.41% | -1.72% | -30.08% | 300% | 368.61% | 0% |
| EBITDA | 250.95M | 250.83M | 215M | 201.2M | 191.58M | 203.55M | 164.83M | 154.65M | 145.32M | 108.9M | 148.79M | 141.26M | 134.96M | 160.49M | 112.67M | 157.62M | 97.99M | 571.6M | 149.42M | 155.87M |
| EBITDA Margin % | 11.46% | 11.67% | 11.19% | 10.2% | 10.11% | 10.55% | 9.6% | 9.51% | 9.35% | 6.7% | 9.91% | 9.72% | 9.68% | 10.65% | 8.35% | 12.09% | 7.24% | 10.83% | 10.96% | 11.97% |
| EBITDA Growth % | 30.99% | 23.23% | 30.44% | 30.1% | 31.83% | 86.91% | 10.78% | 9.48% | 7.68% | -32.15% | 32.05% | -10.38% | 37.73% | -71.92% | -24.59% | 1.12% | -17.25% | 308.27% | 154.99% | 0.11% |
| D&A (Non-Cash Add-back) | 45.82M | 42.61M | 43.57M | 43.38M | 41.88M | 41.25M | 39.02M | 38.16M | 39.96M | 41.32M | 42.74M | 39.68M | 41.06M | 40.16M | 39.25M | 42.5M | 39.37M | 153.09M | 39.16M | 38.74M |
| EBIT | 206.85M | 149.57M | 172.79M | 156.47M | 154.65M | 116.49M | 132.81M | 114.45M | 110.66M | 6.81M | 104.2M | 99.9M | 92.05M | 93.43M | 78.24M | 103.02M | 58.62M | 418.51M | 110.59M | 115.71M |
| Net Interest Income | -32.19M | -34.73M | -34.96M | -31.17M | -38.96M | -45.91M | -44.95M | -29.08M | -31.18M | -45.84M | -35.72M | -32.06M | -24.21M | -26.76M | -16.4M | -9.29M | 1.08M | -3.01M | -13.48M | -7.07M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 735.94K | 0 | 0 | 0 | 2.41M | 0 | 0 | 0 | 0 | 0 | 0 | 1.08M | 0 | 0 | 0 |
| Interest Expense | 32.19M | 34.73M | 34.96M | 31.17M | 38.96M | 46.64M | 44.95M | 29.08M | 31.18M | 48.25M | 35.72M | 32.06M | 24.21M | 26.76M | 16.4M | 9.29M | 0 | 3.01M | 13.48M | 7.07M |
| Other Income/Expense | -21.51M | -18.66M | -26.35M | -24.74M | -26.28M | -68.71M | -33.67M | -26.62M | -20.04M | -42.22M | -35.18M | -29.91M | -23.03M | -39.41M | -9.26M | -21.52M | 2.3M | -12.46M | -10.18M | 4.97M |
| Pretax Income | 183.62M | 189.56M | 145.09M | 133.08M | 123.43M | 93.59M | 92.14M | 89.86M | 85.32M | 25.36M | 70.87M | 71.67M | 70.87M | 80.92M | 64.16M | 93.6M | 60.92M | 406.05M | 100.09M | 122.1M |
| Pretax Margin % | 8.39% | 8.82% | 7.55% | 6.75% | 6.51% | 4.85% | 5.36% | 5.53% | 5.49% | 1.56% | 4.72% | 4.93% | 5.09% | 5.37% | 4.76% | 7.18% | 4.5% | 7.69% | 7.34% | 9.38% |
| Income Tax | 22.77M | 21.01M | 11.41M | 7.06M | 16.06M | 3.37M | 12.83M | 11.26M | 11.6M | -5.04M | 10.01M | 9.25M | 8.7M | -4.55M | 7.93M | 12.78M | 7.97M | 131.39M | 8.32M | 20.09M |
| Effective Tax Rate % | 12.4% | 11.08% | 7.86% | 5.3% | 13.01% | 3.6% | 13.92% | 12.53% | 13.59% | -19.89% | 14.13% | 12.9% | 12.27% | -5.62% | 12.36% | 13.65% | 13.08% | 32.36% | 8.31% | 16.45% |
| Net Income | 160.79M | 168.16M | 133.4M | 125.7M | 107.08M | 89.99M | 79.11M | 78.36M | 73.67M | 30.01M | 60.7M | 62.35M | 62.07M | 85.3M | 56.22M | 81.17M | 52.76M | 274.35M | 91.91M | 101.73M |
| Net Margin % | 7.35% | 7.83% | 6.94% | 6.37% | 5.65% | 4.66% | 4.61% | 4.82% | 4.74% | 1.85% | 4.04% | 4.29% | 4.45% | 5.66% | 4.17% | 6.23% | 3.9% | 5.2% | 6.74% | 7.81% |
| Net Income Growth % | 50.16% | 86.86% | 68.63% | 60.4% | 45.35% | 199.9% | 30.32% | 25.68% | 18.7% | -64.82% | 7.97% | -23.18% | 17.64% | -68.91% | -38.83% | -20.21% | -27.25% | 304.51% | 441.45% | 13.92% |
| Net Income (Continuing) | 160.85M | 168.55M | 133.68M | 126.02M | 107.37M | 90.22M | 79.31M | 78.6M | 73.73M | 30.4M | 60.86M | 62.42M | 62.17M | 85.47M | 56.23M | 80.82M | 52.95M | 274.66M | 91.77M | 102.01M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 15K | 375.08K | 4.56M | 4.38M | 3.83M | 3.44M | 3.44M | 3.04M | 2.79M | 2.76M | 2.29M | 2.22M | 2.61M | 2.45M | 2.15M | 2.3M | 14.55M | 14.63M | 13.21M | 13.2M |
| EPS (Diluted) | 3.34 | 3.59 | 2.84 | 2.69 | 2.35 | 2.00 | 1.77 | 1.76 | 1.63 | 0.71 | 1.33 | 1.37 | 1.37 | 1.90 | 1.26 | 1.82 | 1.19 | 6.20 | 2.08 | 2.30 |
| EPS Growth % | 42.13% | 79.5% | 60.45% | 52.84% | 44.17% | 181.69% | 33.08% | 28.47% | 18.98% | -62.63% | 5.56% | -24.73% | 15.13% | -69.35% | -39.42% | -20.87% | -27.44% | 305.23% | 447.37% | 13.86% |
| EPS (Basic) | 3.46 | 3.70 | 2.92 | 2.76 | 2.40 | 2.02 | 1.78 | 1.76 | 1.64 | 0.71 | 1.34 | 1.38 | 1.37 | 1.91 | 1.27 | 1.83 | 1.19 | 6.21 | 2.08 | 2.30 |
| Diluted Shares Outstanding | 48.12M | 47.76M | 47.67M | 46.7M | 45.55M | 44.94M | 44.62M | 44.62M | 44.66M | 44.63M | 44.64M | 44.64M | 44.46M | 44.58M | 44.64M | 44.58M | 44.52M | 44.28M | 44.27M | 44.25M |
| Basic Shares Outstanding | 46.48M | 46.39M | 46.35M | 45.51M | 44.59M | 44.51M | 44.48M | 44.48M | 44.46M | 44.45M | 44.36M | 44.35M | 44.34M | 44.34M | 44.34M | 44.32M | 44.29M | 44.2M | 44.21M | 44.2M |
| Dividend Payout Ratio | 21.98% | 21.44% | 20.84% | 21.34% | 20.8% | 24.71% | 28.12% | 28.38% | 30.18% | 74.03% | 36.53% | 36.38% | 35.72% | 25.99% | 39.42% | 27.28% | 38.55% | - | 22.12% | 38.73% |