Elbit Systems (ESLT) Gross Margin (2009 - 2025)
Elbit Systems (ESLT) reported Gross Margin of 24.66% for Q4 2025, up 56.0% year-over-year from 15.81% in Q4 2024, and down 0.92% on a QoQ basis from 24.89% in Q3 2025.
Elbit Systems (ESLT) has 17 years of Gross Margin data on file, last reported at 24.66% in Q4 2025.
- Quarterly Gross Margin rose 56.0% year-over-year to 24.66% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 24.38% (up 33.0% YoY) and the FY2025 annual result came in at 24.38%, up 33.0% from the prior year.
- Gross Margin retreated 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 27.19% in Q3 2021 and bottomed at 23.5% in Q4 2023.
- The 5-year median for Gross Margin is 24.56% (2023), against an average of 24.84%.
- The widest annual swing landed in 2021, when Gross Margin soared 625 bps; it then plunged 302 bps in 2022.
- Tracing ESLT's Gross Margin over 5 years: stood at 25.05% in 2021, then grew by 1 bps to 25.27% in 2022, then slipped by 7 bps to 23.5% in 2023, then grew by 3 bps to 24.1% in 2024, then grew by 2 bps to 24.66% in 2025.
- Per Business Quant, the three latest ESLT Gross Margin figures stand at 24.66% (Q4 2025), 24.89% (Q3 2025), and 23.97% (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | 73.52% |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 41.11% |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 11.46% |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | 11.53% |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 36.92% |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | 67.40% |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | 38.18% |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 34.90% |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 59.39% |
| 10 | Elbit Systems | 35.10 Bn | 34.65 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 | 27.19% |
| Jun 30, 2021 | 26.61% |
| Mar 31, 2021 | 25.16% |
| Dec 31, 2020 | 25.97% |
| Sep 30, 2020 | 26.65% |
| Jun 30, 2020 | 26.53% |
| Mar 31, 2020 | 27.01% |
| Dec 31, 2019 | 21.51% |
| Sep 30, 2019 | 25.99% |
| Jun 30, 2019 | 27.11% |
| Mar 31, 2019 | 27.17% |
| Dec 31, 2018 | 21.79% |
| Sep 30, 2018 | 28.59% |
| Jun 30, 2018 | 28.02% |
| Mar 31, 2018 | 28.76% |
| Dec 31, 2017 | 28.58% |
| Sep 30, 2017 | 31.34% |
| Jun 30, 2017 | 29.61% |
| Mar 31, 2017 | 29.52% |
| Dec 31, 2016 | 29.45% |
| Sep 30, 2016 | 29.51% |
| Jun 30, 2016 | 29.35% |
| Mar 31, 2016 | 29.43% |
| Dec 31, 2015 | 31.67% |
| Sep 30, 2015 | 29.20% |
| Jun 30, 2015 | 29.25% |
| Mar 31, 2015 | 28.47% |
| Dec 31, 2014 | 43.39% |
| Sep 30, 2014 | 28.09% |
| Jun 30, 2014 | 28.37% |
| Mar 31, 2014 | 28.30% |
| Dec 31, 2013 | 49.45% |
| Sep 30, 2013 | 28.39% |
| Jun 30, 2013 | 28.90% |
| Mar 31, 2013 | 28.33% |
| Dec 31, 2012 | 170.76% |
| Sep 30, 2012 | 28.26% |
| Jun 30, 2012 | 28.80% |
| Mar 31, 2012 | 28.37% |
| Dec 31, 2011 | 111.05% |
| Sep 30, 2011 | 30.76% |
| Jun 30, 2011 | 28.99% |
| Mar 31, 2011 | 29.93% |
| Dec 31, 2010 | 29.03% |
| Sep 30, 2010 | 30.45% |
| Jun 30, 2010 | 30.43% |
| Mar 31, 2010 | 29.85% |
| Dec 31, 2009 | 29.67% |
| Sep 30, 2009 | 29.66% |
| Jun 30, 2009 | 29.09% |
| Mar 31, 2009 | 31.71% |