Elbit Systems LTD income statement

In fiscal 2025, Elbit Systems LTD reported revenue of $7.94bn, up 16.3% on the year before, operating income of $671m (a 8.5% margin) and net income of $534m, or $11.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Elbit Systems LTD: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	2,832	2,670	2,817	2,889	2,925	2,958	3,108	3,260	3,378	3,684	4,508	4,663	5,279	5,512	5,975	6,828	7,939
Cost of revenue	1,983	1,872	2,085	2,073	2,100	2,133	2,211	2,295	2,375	2,708	3,372	3,497	3,920	4,138	4,492	5,186	6,003
Gross profit	849	798	732	816	825	825	897	965	1,003	976	1,136	1,165	1,358	1,373	1,483	1,642	1,935
Research and development	246	269	289	276	263	268	278	292	301	318	369	428	448	502	503	544	600
Selling and marketing	251	230	236	242	235	217	239	271	280	281	301	291	292	326	359	375	399
General and administrative	119	131	139	138	130	140	146	151	133	160	215	224	267	313	330	311	347
Operating income	262	207	116	203	239	247	269	305	324	293	322	326	419	367	369	489	671
Interest expense	22	26	23	30	40	50	22	25	36	46	73	74	42	54	144	158	146
Provision for credit losses	—	—	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—
Income before tax	247	199	104	177	203	199	249	279	285	237	246	262	383	293	226	342	562
Income tax	38	24	14	17	25	26	46	46	56	26	19	36	131	24	23	39	56
Net income	215	183	90	168	183	171	203	237	239	207	228	238	274	275	215	321	534
Diluted EPS	$5.00	$4.25	$2.09	$3.97	$4.34	$4.01	$4.74	$5.54	$5.59	$4.83	$5.20	$5.38	$6.20	$6.18	$4.82	$7.18	$11.39
Diluted shares (average)	43m	43m	43m	42m	42m	43m	43m	43m	43m	43m	44m	44m	44m	45m	45m	45m	47m
EBITDA	386	339	266	342	369	369	391	428	438	411	459	470	572	529	534	647	843

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Elbit Systems LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Elbit Systems LTD.