Growth Metrics

Elbit Systems (ESLT) Operating Expenses (2009 - 2025)

Elbit Systems (ESLT) reported Operating Expenses of $337.3 million for Q4 2025, up 4.18% year-over-year from $323.8 million in Q4 2024, and up 165.78% on a QoQ basis from $126.9 million in Q3 2025.

Elbit Systems (ESLT) has 17 years of Operating Expenses data on file, last reported at $337.3 million in Q4 2025.

  • Quarterly Operating Expenses rose 4.18% year-over-year to $337.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 15.21% YoY) and the FY2025 annual result came in at $1.3 billion, up 9.63% from the prior year.
  • Operating Expenses climbed to $337.3 million in Q4 2025 per ESLT's latest filing, from $126.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $337.3 million in Q4 2025 and bottomed at $75.0 million in Q3 2024.
  • The 5-year median for Operating Expenses is $267.3 million (2021), against an average of $254.2 million.
  • The widest annual swing landed in 2024, when Operating Expenses tumbled 71.27%; it then surged 69.16% in 2025.
  • Tracing ESLT's Operating Expenses over 5 years: stood at $267.1 million in 2021, then dropped by 2.54% to $260.3 million in 2022, then grew by 20.83% to $314.5 million in 2023, then climbed by 2.95% to $323.8 million in 2024, then grew by 4.18% to $337.3 million in 2025.
  • Per Business Quant, the three latest ESLT Operating Expenses figures stand at $337.3 million (Q4 2025), $126.9 million (Q3 2025), and $315.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 316.77 Bn 306.03 Bn 9.11 Bn 10.18 Bn
2 Rtx 238.61 Bn 233.51 Bn 9.08 Bn 19.59 Bn
3 Boeing 172.59 Bn 151.68 Bn 2.55 Bn 2.10 Bn
4 Lockheed Martin 122.59 Bn 120.70 Bn 2.08 Bn -
5 Howmet Aerospace 102.88 Bn 100.44 Bn 854.00 Mn 120.00 Mn
6 General Dynamics 92.64 Bn 88.99 Bn 9.09 Bn 12.06 Bn
7 Rocket Lab 82.19 Bn 80.92 Bn 76.49 Mn 132.46 Mn
8 Northrop Grumman 78.95 Bn 76.86 Bn 3.45 Bn 8.89 Bn
9 TransDigm 70.63 Bn 66.75 Bn 1.51 Bn 273.00 Mn
10 Elbit Systems 35.10 Bn 34.65 Bn 529.79 Mn 337.33 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 337.33 Mn
Sep 30, 2025 126.92 Mn
Jun 30, 2025 315.09 Mn
Mar 31, 2025 304.60 Mn
Dec 31, 2024 323.81 Mn
Sep 30, 2024 75.03 Mn
Jun 30, 2024 273.20 Mn
Mar 31, 2024 268.79 Mn
Dec 31, 2023 314.53 Mn
Sep 30, 2023 261.12 Mn
Jun 30, 2023 270.57 Mn
Mar 31, 2023 267.62 Mn
Dec 31, 2022 260.30 Mn
Sep 30, 2022 252.56 Mn
Jun 30, 2022 224.61 Mn
Mar 31, 2022 268.33 Mn
Dec 31, 2021 267.08 Mn
Sep 30, 2021 252.89 Mn
Jun 30, 2021 222.07 Mn
Mar 31, 2021 197.50 Mn
Dec 31, 2020 253.21 Mn
Sep 30, 2020 213.86 Mn
Jun 30, 2020 163.38 Mn
Mar 31, 2020 208.98 Mn
Dec 31, 2019 220.69 Mn
Sep 30, 2019 184.47 Mn
Jun 30, 2019 208.10 Mn
Mar 31, 2019 201.59 Mn
Dec 31, 2018 196.21 Mn
Sep 30, 2018 176.87 Mn
Jun 30, 2018 138.18 Mn
Mar 31, 2018 172.09 Mn
Dec 31, 2017 179.86 Mn
Sep 30, 2017 168.82 Mn
Jun 30, 2017 167.01 Mn
Mar 31, 2017 162.94 Mn
Dec 31, 2016 193.36 Mn
Sep 30, 2016 152.10 Mn
Jun 30, 2016 166.19 Mn
Mar 31, 2016 148.96 Mn
Dec 31, 2015 175.34 Mn
Sep 30, 2015 158.02 Mn
Jun 30, 2015 153.76 Mn
Mar 31, 2015 141.35 Mn
Dec 31, 2014 165.32 Mn
Sep 30, 2014 91.08 Mn
Jun 30, 2014 86.49 Mn
Mar 31, 2014 84.26 Mn
Dec 31, 2013 163.70 Mn
Sep 30, 2013 84.48 Mn
Jun 30, 2013 79.31 Mn
Mar 31, 2013 83.22 Mn
Dec 31, 2012 107.21 Mn
Sep 30, 2012 83.38 Mn
Jun 30, 2012 87.61 Mn
Mar 31, 2012 92.71 Mn
Dec 31, 2011 72.80 Mn
Sep 30, 2011 89.53 Mn
Jun 30, 2011 147.92 Mn
Mar 31, 2011 89.72 Mn
Dec 31, 2010 175.19 Mn
Sep 30, 2010 145.50 Mn
Jun 30, 2010 134.48 Mn
Mar 31, 2010 135.30 Mn
Dec 31, 2009 153.75 Mn
Sep 30, 2009 151.64 Mn
Jun 30, 2009 149.96 Mn
Mar 31, 2009 131.70 Mn