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
DateValue
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%