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Elbit Systems Ltd (ESLT) stock analysis

ESLTNasdaqAircraft Parts & Auxiliary Equipment, NECFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 17, 2026Score 13/30
$725.44−14.73 (-1.99%)

Close on Nov 11, 2026Market cap $33.69BP/E 63.7Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth4Performance5Health4Dividend0

Mixed13 of 30 checks passed

Elbit Systems passes 13 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
4/6
Past performance
5/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 18.0%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 2.5% of shareholders' equity, under the 40% we consider low.

  • Earnings grew over 5 years

    Net income grew 17.6% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 12.9% a year over the last three fiscal years.

What to watch

  • Return on equity under 15%

    Return on equity was 14.4% over the last twelve months and averaged 10.9% over five years; we look for 15% on both.

  • Interest not well covered

    Operating income covers interest expense 4.6 times; we look for at least 5.

  • Growing slower than the industry

    Revenue grew 16.3% over the last twelve months; the Aircraft and Parts median is 16.9%.

  • No dividend

    Elbit Systems has not paid a dividend in the last twelve months.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 12.9% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 22.6% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 66.4% over the last twelve months, against a 5-year average of 17.6% a year.

  • Growing slower than the industry

    Revenue grew 16.3% over the last twelve months; the Aircraft and Parts median is 16.9%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 24.4% over the last twelve months, against 24.0% a year earlier.

Past performance5/6

  • Return on equity under 15%

    Return on equity was 14.4% over the last twelve months and averaged 10.9% over five years; we look for 15% on both.

  • Return on capital over 10%

    Return on invested capital was 18.0%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Elbit Systems's return on equity of 14.4% is above the Aircraft and Parts median of 9.1%.

  • Earnings grew over 5 years

    Net income grew 17.6% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 6.7% over the last twelve months, against a 5-year average of 5.0%.

  • Net margin above the industry

    Elbit Systems's net margin of 6.7% is above the Aircraft and Parts median of 5.5%.

Financial health4/6

  • Low debt

    Debt is 2.5% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 19.2% five years ago to 2.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 767% of total debt.

  • Interest not well covered

    Operating income covers interest expense 4.6 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.29 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Elbit Systems has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Elbit Systems. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$68.55M
Value traded per 1% price move
$32.47M

Downside

Medium risk

Typical loss in a bad month
17.2%
Volatility (annualized)
47%
Sharpe ratio, 1 year
0.95
Beta to the S&P 500 (5Y)
0.22

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

24.4%−0.6 pts over 5 years

Operating margin

8.5%+1.5 pts over 5 years

Net margin

6.7%+1.6 pts over 5 years

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