Elbit Systems (ESLT) Gross Margin (2009 - 2025)
Elbit Systems (ESLT) posted quarterly Gross Margin of 24.66% for Q4 2025, up 56.0% year-over-year from 15.81% in Q4 2024, and down 0.92% quarter-over-quarter from 24.89% in Q3 2025.
Elbit Systems (ESLT) Gross Margin (2009 - 2025) Analysis & Trends
Elbit Systems (ESLT) has reported Gross Margin for 17 consecutive years, with 24.66% the latest figure, recorded in 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 eased to 24.66% in Q4 2025 per ESLT's latest filing, from 24.89% in the prior quarter.
- Across five years, Gross Margin topped out at 26.63% in Q3 2021 and bottomed at 23.5% in Q4 2023.
- Historically, Gross Margin has averaged 24.79% across 5 years, with a median of 24.56% in 2023.
- Annual changes were most pronounced in 2021 — Gross Margin surged 570 bps — and 2022, when it sank 247 bps.
- Elbit Systems' Gross Margin stood at 25.05% in 2021, then gained by 1 bps to 25.27% in 2022, then fell by 7 bps to 23.5% in 2023, then gained by 3 bps to 24.1% in 2024, then gained by 2 bps to 24.66% in 2025.
- Business Quant data shows ESLT's Gross Margin at 24.66% in Q4 2025, 24.89% in Q3 2025, and 23.97% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.53 Bn | 353.18 Bn | 6.95 Bn | 52.07% |
| 2 | Rtx | 287.74 Bn | 279.43 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 169.22 Bn | 149.20 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 131.11 Bn | 127.31 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 110.35 Bn | 109.79 Bn | 951.00 Mn | 37.34% |
| 6 | General Dynamics | 104.46 Bn | 100.12 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 79.96 Bn | 77.65 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 68.69 Bn | 65.91 Bn | 1.63 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.45 Bn | 48.93 Bn | 1.50 Bn | 25.54% |
| 10 | Elbit Systems | 34.46 Bn | 33.64 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% |