Elbit Systems LTD income statement & cash flow
In the fiscal year ended Dec 31, 2025, Elbit Systems LTD reported net income of $534.34M on revenue of $7.94B. Operating cash flow was $778.38M and capital expenditures were $225.57M, leaving $552.81M of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.26B | $3.38B | $3.68B | $4.51B | $4.66B | $5.28B | $5.51B | $5.97B | $6.83B | $7.94B |
| Gross profit | $965.28M | $1.00B | $976.18M | $1.14B | $1.17B | $1.36B | $1.37B | $1.48B | $1.64B | $1.94B |
| Operating income | $304.68M | $324.43M | $292.83M | $321.61M | $325.69M | $418.51M | $367.48M | $369.11M | $489.05M | $671.42M |
| Net income | $236.91M | $239.11M | $206.74M | $227.86M | $237.66M | $274.35M | $275.45M | $215.13M | $321.14M | $534.34M |
| Diluted EPS | $5.54 | $5.59 | $4.83 | $5.20 | $5.38 | $6.20 | $6.18 | $4.82 | $7.18 | $11.39 |
| Operating cash flow | $208.00M | $100.89M | $191.66M | −$53.32M | $278.83M | $416.93M | $240.07M | $113.71M | $534.61M | $778.38M |
| Capital expenditures | $124.22M | $107.88M | $102.30M | $137.60M | $132.21M | $188.62M | $205.11M | $187.04M | $215.05M | $225.57M |
| Reported in | 20-F 2019 | 20-F 2020 | 20-F 2021 | 20-F 2022 | 20-F 2023 | 20-F 2024 | 20-F 2025 | 20-F 2026 | 20-F 2026 | 20-F 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 24.4% | 8.5% | 6.7% |
| Dec 2024 | 24.0% | 7.2% | 4.7% |
| Dec 2023 | 24.8% | 6.2% | 3.6% |
| Dec 2022 | 24.9% | 6.7% | 5.0% |
| Dec 2021 | 25.7% | 7.9% | 5.2% |
Source: SEC EDGAR XBRL company facts for CIK 1027664 (raw data). Most recent filing in this dataset: 20-F filed Mar 17, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.