Elbit Systems (ESLT) Operating Margin (2009 - 2025)
Elbit Systems (ESLT) posted quarterly Operating Margin of 8.96% for Q4 2025, up 163.0% year-over-year from 3.41% in Q4 2024, and little changed quarter-over-quarter from 8.92% in Q3 2025.
Elbit Systems (ESLT) Operating Margin (2009 - 2025) Analysis & Trends
Elbit Systems (ESLT) has reported Operating Margin for 17 consecutive years, with 8.96% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin rose 163.0% year-over-year to 8.96%; the TTM figure through Dec 2025 stood at 8.46% (up 129.0% YoY), while the FY2025 annual figure was 8.46%, up 129.0% from the prior year.
- Operating Margin held at 8.96% in Q4 2025 per ESLT's latest filing, from 8.92% in the prior quarter.
- Across five years, Operating Margin topped out at 8.99% in Q2 2021 and bottomed at 4.16% in Q4 2023.
- Historically, Operating Margin has averaged 7.28% across 5 years, with a median of 7.33% in 2024.
- Annual changes were most pronounced in 2021 — Operating Margin jumped 602 bps — and 2023, when it sank 383 bps.
- Elbit Systems' Operating Margin stood at 7.18% in 2021, then rose by 11 bps to 7.99% in 2022, then plunged by 48 bps to 4.16% in 2023, then soared by 76 bps to 7.33% in 2024, then increased by 22 bps to 8.96% in 2025.
- Business Quant data shows ESLT's Operating Margin at 8.96% in Q4 2025, 8.92% in Q3 2025, and 8.0% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | -29.28% |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 27.92% |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 44.76% |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 11.12% |
| 10 | Elbit Systems | 34.09 Bn | 33.28 Bn | 529.79 Mn | 8.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.96% |
| Sep 30, 2025 | 8.92% |
| Jun 30, 2025 | 8.00% |
| Mar 31, 2025 | 7.90% |
| Dec 31, 2024 | 7.33% |
| Sep 30, 2024 | 7.32% |
| Jun 30, 2024 | 7.16% |
| Mar 31, 2024 | 6.78% |
| Dec 31, 2023 | 4.16% |
| Sep 30, 2023 | 7.07% |
| Jun 30, 2023 | 6.99% |
| Mar 31, 2023 | 6.74% |
| Dec 31, 2022 | 7.99% |
| Sep 30, 2022 | 5.44% |
| Jun 30, 2022 | 8.83% |
| Mar 31, 2022 | 4.33% |
| Dec 31, 2021 | 7.18% |
| Sep 30, 2021 | 8.09% |
| Jun 30, 2021 | 8.99% |
| Mar 31, 2021 | 7.49% |