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

Elbit Systems (ESLT) posted quarterly Operating Expenses of $337.3 million for Q4 2025, up 4.18% year-on-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) Operating Expenses (2009 - 2025) Analysis & Trends

Elbit Systems (ESLT) has reported Operating Expenses for 17 consecutive years, with $337.3 million the latest figure, recorded 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.
  • Over the last five years, Operating Expenses for ESLT reached as high as $337.3 million in Q4 2025 and fell as low as $75.0 million in Q3 2024.
  • A 5-year average of $254.2 million and a median of $267.3 million in 2021 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses sank 71.27% — and 2025, when it soared 69.16%.
  • Year by year, Operating Expenses 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $337.3 million, $126.9 million, and $315.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 373.45 Bn 364.10 Bn -3.10 Bn 10.86 Bn
2 Rtx 288.16 Bn 279.85 Bn 9.91 Bn 21.96 Bn
3 Boeing 167.44 Bn 147.42 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.17 Bn 128.38 Bn 2.45 Bn -
5 Howmet Aerospace 112.99 Bn 110.56 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 102.42 Bn 98.09 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.81 Bn 73.51 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.68 Bn 68.79 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.93 Bn 50.34 Bn 1.40 Bn 750.00 Mn
10 Elbit Systems 36.96 Bn 36.15 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