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| Date | Value |
|---|---|
| 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 |