Elbit Systems (ESLT) Gross Margin (2009 - 2025)
Elbit Systems (ESLT) posted quarterly Gross Margin of 24.66% for Q4 2025, up 56.0% year-on-year from 15.81% in Q4 2024, and down 0.92% on a QoQ basis 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.
- 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.
- 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.
- A 5-year average of 24.79% and a median of 24.56% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 570 bps — and 2022, when it sank 247 bps.
- Year by year, Gross Margin 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.
- 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 | General Electric | 374.61 Bn | 365.27 Bn | -3.10 Bn | -433.85% |
| 2 | Rtx | 289.95 Bn | 281.65 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 168.44 Bn | 148.42 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 133.17 Bn | 129.38 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 113.21 Bn | 110.78 Bn | 854.00 Mn | 36.92% |
| 6 | General Dynamics | 103.06 Bn | 98.73 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 76.42 Bn | 74.12 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 73.24 Bn | 69.36 Bn | 1.51 Bn | 59.39% |
| 9 | L3Harris Technologies | 51.62 Bn | 51.03 Bn | 1.40 Bn | 24.41% |
| 10 | Elbit Systems | 36.93 Bn | 36.11 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% |