Elbit Systems (ESLT) Gross Margin (2009 - 2025)
Elbit Systems (ESLT) reported Gross Margin of 24.66% for Q4 2025, up 20.0% year-over-year from 20.55% in Q4 2024, and down 2.16% quarter-over-quarter from 25.2% in Q3 2025.
Elbit Systems (ESLT) Gross Margin (2009 - 2025) Analysis & Trends
Elbit Systems (ESLT) has 17 years of Gross Margin data on file, last reported at 24.66% in Q4 2025.
- Gross Margin for Q4 2025 came in at 24.66%, up 20.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 24.45% (up 31.0% YoY), and the FY2025 annual result was 24.38%, up 33.0% from the prior year.
- Gross Margin fell to 24.66% in Q4 2025 per ESLT's latest filing, from 25.2% in the prior quarter.
- Over five years, Gross Margin peaked at 27.19% in Q3 2021 and troughed at 23.96% in Q2 2024.
- A 5-year average of 24.99% and a median of 24.99% in 2021 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 302 bps in 2022, then soared 178 bps in 2023.
- 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 climbed by 0 bps to 25.3% in 2023, then dropped by 3 bps to 24.46% in 2024, then climbed by 1 bps to 24.66% in 2025.
- Business Quant data shows ESLT's Gross Margin at 24.66% in Q4 2025, 25.2% in Q3 2025, and 23.97% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 29.53% |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 73.52% |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 41.11% |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 11.46% |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | 11.53% |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 36.92% |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 67.40% |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 34.90% |
| 10 | Elbit Systems | 9,521.51 | -445.57 Mn | 529.79 Mn | 24.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 24.66% |
| Sep 30, 2025 | 25.20% |
| Jun 30, 2025 | 23.97% |
| Mar 31, 2025 | 23.96% |
| Dec 31, 2024 | 24.46% |
| Sep 30, 2024 | 24.03% |
| Jun 30, 2024 | 23.96% |
| Mar 31, 2024 | 24.08% |
| Dec 31, 2023 | 25.30% |
| Sep 30, 2023 | 24.92% |
| 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% |