Elbit Systems (ESLT) Gross Margin (2009 - 2025)
Elbit Systems (ESLT) posted quarterly Gross Margin of 24.66% for Q4 2025, up 56.0% YoY from 15.81% in Q4 2024, and down 0.92% sequentially from 24.89% in Q3 2025.
Elbit Systems (ESLT) Gross Margin (2009 - 2025) Analysis & Trends
Elbit Systems has disclosed Gross Margin across 17 years of filings, most recently posting 24.66% for Q4 2025.
- In Q4 2025, Gross Margin rose 56.0% year-over-year to 24.66%; the TTM figure through Dec 2025 stood at 24.38% (up 33.0% YoY), while the FY2025 annual figure was 24.38%, up 33.0% from the prior year.
- Gross Margin slipped to 24.66% in Q4 2025, from 24.89% in the prior quarter.
- Over the last five years, Gross Margin for ESLT reached as high as 26.63% in Q3 2021 and fell as low as 23.5% in Q4 2023.
- The 5-year median for Gross Margin is 24.56% (2023), against an average of 24.79%.
- Annual changes were most pronounced in 2021 — Gross Margin surged 570 bps — and 2022, when it tumbled 247 bps.
- A 5-year view of Gross Margin shows it stood at 25.05% in 2021, then rose by 1 bps to 25.27% in 2022, then declined by 7 bps to 23.5% in 2023, then rose by 3 bps to 24.1% in 2024, then rose by 2 bps to 24.66% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 24.66%, 24.89%, and 23.97% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 11.46% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 41.11% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 67.40% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.53% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 36.92% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 59.39% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 34.90% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 38.18% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 24.41% |
| 10 | Elbit Systems | 34.74 Bn | 33.92 Bn | 529.79 Mn | 24.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 24.66% |
| Sep 30, 2025 | 24.89% |
| Jun 30, 2025 | 23.97% |
| Mar 31, 2025 | 23.96% |
| Dec 31, 2024 | 24.10% |
| Sep 30, 2024 | 24.03% |
| Jun 30, 2024 | 23.96% |
| Mar 31, 2024 | 24.08% |
| Dec 31, 2023 | 23.50% |
| Sep 30, 2023 | 24.45% |
| Jun 30, 2023 | 25.60% |
| Mar 31, 2023 | 25.94% |
| Dec 31, 2022 | 25.27% |
| Sep 30, 2022 | 24.17% |
| Jun 30, 2022 | 26.07% |
| Mar 31, 2022 | 24.17% |
| Dec 31, 2021 | 25.05% |
| Sep 30, 2021 | 26.63% |
| Jun 30, 2021 | 26.04% |
| Mar 31, 2021 | 25.16% |