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% quarter-over-quarter from $126.9 million in Q3 2025.

Elbit Systems (ESLT) Operating Expenses (2009 - 2025) Analysis & Trends

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

  • Operating Expenses for Q4 2025 came in at $337.3 million, up 4.18% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 15.21% YoY), and the FY2025 annual result was $1.3 billion, up 9.63% from the prior year.
  • Operating Expenses advanced to $337.3 million in Q4 2025 per ESLT's latest filing, from $126.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $337.3 million in Q4 2025 and troughed at $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.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses sank 71.27% in 2024, then jumped 69.16% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $267.1 million in 2021, then fell by 2.54% to $260.3 million in 2022, then rose by 20.83% to $314.5 million in 2023, then increased by 2.95% to $323.8 million in 2024, then rose by 4.18% to $337.3 million in 2025.
  • Business Quant data shows ESLT's Operating Expenses at $337.3 million in Q4 2025, $126.9 million in Q3 2025, and $315.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 1.85 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 10.18 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 19.59 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 2.10 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 120.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 12.06 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn 8.89 Bn
10 Elbit Systems 9,521.51 -445.57 Mn 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