Elbit Systems Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.94B | $6.83B | $5.97B | $5.51B | $5.28B | $4.66B | $4.51B | $3.68B |
| Cost of Revenue | $6.00B | $5.19B | $4.49B | $4.14B | $3.92B | $3.50B | $3.37B | $2.71B |
| Gross Profit | $1.94B | $1.64B | $1.48B | $1.37B | $1.36B | $1.17B | $1.14B | $976.2M |
| Gross Margin | 24.4% | 24.0% | 24.8% | 24.9% | 25.7% | 25.0% | 25.2% | 26.5% |
| Operating Expenses | ||||||||
| Research & Development | $599.6M | $544.1M | $502.7M | $501.8M | $447.9M | $428.2M | $368.7M | $317.7M |
| SG&A Expense | $347.3M | $311.0M | $330.3M | $313.0M | $267.4M | $223.9M | $214.7M | $160.3M |
| Operating Income | $671.4M | $489.1M | $369.1M | $367.5M | $418.5M | $325.7M | $321.6M | $292.8M |
| Operating Margin | 8.5% | 7.2% | 6.2% | 6.7% | 7.9% | 7.0% | 7.1% | 7.9% |
| Interest Expense | — | — | $143.9M | $54.4M | $42.3M | $74.4M | $73.0M | $46.5M |
| Pretax Income | $561.9M | $341.7M | $226.5M | $292.6M | $383.5M | $261.8M | $246.3M | $237.3M |
| Income Tax Expense | $55.5M | $39.1M | $22.9M | $24.1M | $131.4M | $36.4M | $19.4M | $26.4M |
| Net Income | $534.3M | $321.1M | $215.1M | $275.4M | $274.4M | $237.7M | $227.9M | $206.7M |
| Net Margin | 6.7% | 4.7% | 3.6% | 5.0% | 5.2% | 5.1% | 5.1% | 5.6% |
| EPS (Basic) | $11.69 | $7.22 | $4.85 | $6.21 | $6.21 | $5.38 | $5.20 | $4.83 |
| EPS (Diluted) | $11.39 | $7.18 | $4.82 | $6.18 | $6.20 | $5.38 | $5.20 | $4.83 |
| Shares Outstanding (Basic) | 45.7M | 44.5M | 44.4M | 44.3M | 44.2M | 44.2M | 43.8M | 42.8M |
| Shares Outstanding (Diluted) | 46.9M | 44.7M | 44.6M | 44.6M | 44.3M | 44.2M | 43.8M | 42.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |