Elbit Systems (ESLT) Research & Development (2009 - 2025)
Elbit Systems (ESLT) posted quarterly Research & Development of $144.1 million for Q4 2025, up 9.84% year-over-year from $131.2 million in Q4 2024, and up 11.61% quarter-over-quarter from $129.1 million in Q3 2025.
Elbit Systems (ESLT) Research & Development (2009 - 2025) Analysis & Trends
Elbit Systems (ESLT) has reported Research & Development for 17 consecutive years, with $144.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development rose 9.84% year-over-year to $144.1 million; the TTM figure through Dec 2025 stood at $517.1 million (up 10.88% YoY), while the FY2025 annual figure was $517.1 million, up 10.88% from the prior year.
- Research & Development grew to $144.1 million in Q4 2025 per ESLT's latest filing, from $129.1 million in the prior quarter.
- Across five years, Research & Development topped out at $144.1 million in Q4 2025 and bottomed at $84.3 million in Q1 2021.
- Historically, Research & Development has averaged $111.9 million across 5 years, with a median of $113.6 million in 2021.
- On a YoY basis, Research & Development climbed as much as 25.01% in 2024 and fell as far as 10.69% in 2024.
- Elbit Systems' Research & Development stood at $114.0 million in 2021, then increased by 10.07% to $125.4 million in 2022, then retreated by 6.43% to $117.4 million in 2023, then grew by 11.79% to $131.2 million in 2024, then increased by 9.84% to $144.1 million in 2025.
- Business Quant data shows ESLT's Research & Development at $144.1 million in Q4 2025, $129.1 million in Q3 2025, and $129.7 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 362.92 Bn | 353.58 Bn | 6.95 Bn | 460.00 Mn |
| 2 | Rtx | 284.24 Bn | 275.94 Bn | 9.91 Bn | 726.00 Mn |
| 3 | Boeing | 169.32 Bn | 149.30 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 129.93 Bn | 126.14 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 108.64 Bn | 108.07 Bn | 951.00 Mn | 8.00 Mn |
| 6 | General Dynamics | 103.62 Bn | 99.29 Bn | 6.76 Bn | - |
| 7 | Northrop Grumman | 78.44 Bn | 76.14 Bn | 3.72 Bn | - |
| 8 | TransDigm | 69.14 Bn | 66.37 Bn | 1.63 Bn | - |
| 9 | Axon Enterprise | 50.64 Bn | 49.97 Bn | 546.45 Mn | 208.69 Mn |
| 10 | Elbit Systems | 33.88 Bn | 33.06 Bn | 529.79 Mn | 116.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 144.10 Mn |
| Sep 30, 2025 | 129.11 Mn |
| Jun 30, 2025 | 129.67 Mn |
| Mar 31, 2025 | 114.27 Mn |
| Dec 31, 2024 | 131.19 Mn |
| Sep 30, 2024 | 119.89 Mn |
| Jun 30, 2024 | 116.80 Mn |
| Mar 31, 2024 | 98.52 Mn |
| Dec 31, 2023 | 117.36 Mn |
| Sep 30, 2023 | 103.32 Mn |
| Jun 30, 2023 | 93.43 Mn |
| Mar 31, 2023 | 110.32 Mn |
| Dec 31, 2022 | 125.43 Mn |
| Sep 30, 2022 | 113.19 Mn |
| Jun 30, 2022 | 96.35 Mn |
| Mar 31, 2022 | 100.68 Mn |
| Dec 31, 2021 | 113.95 Mn |
| Sep 30, 2021 | 101.47 Mn |
| Jun 30, 2021 | 95.41 Mn |
| Mar 31, 2021 | 84.26 Mn |