ESLTElbit Systems Ltd.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.3×).
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 13% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ESLT?
Elbit Systems Ltd. keeps 8.5% of every revenue dollar as operating profit, against 9.6% for the median Aerospace & Defense name.
Operating margin · Aerospace & Defense median 9.6% · fiscal year to FY2025
- Cash conversion
- 1.29×
Cash conversion · 1.23× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +4.9%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 7.5%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 7.0% |
| FY2021 | 7.9% |
| FY2022 | 6.7% |
| FY2023 | 6.2% |
| FY2024 | 7.2% |
| FY2025 | 8.5% |
Details›
- Gross marginfiscal year to FY2025
- 24%
- Operating marginfiscal year to FY2025
- 8.5%
- Net marginfiscal year to FY2025
- 6.7%
- Free cash flow margin
- 7.0%
- R&D as % of revenue
- 7.5%
- Revenue, trailing twelve months
- $7.94B
- Free cash flow, trailing twelve months
- $553M
- Net income, trailing twelve months
- $534M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from ESLT and who it buys from, as the companies report it.
- Israeli Ministry Of Defense28%
Share of revenue · FY2025 20-F
- U.S. government15%
Share of revenue · FY2025 20-F
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; ESLT’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.
Aerospace & Defense
Ranks #19 of 35 by RyuScore