ESLTElbit Systems Ltd.

$722.64

Is the business good?

How good a business is ESLT?

Elbit Systems Ltd. earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

14%

Return on invested capital · cost of capital 9.0% · 5.5 points above what the capital costs: growth creates value

Operating margin
8.5%

Operating margin · Aerospace & Defense median 9.6% · fiscal year to FY2025

Cash conversion
1.03×

Cash conversion · 0.99× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
+4.9%

Share count, year on year · shareholders own a smaller slice than a year ago

Operating margin by fiscal year
YearOperating margin
FY20207.0%
FY20217.9%
FY20226.7%
FY20236.2%
FY20247.2%
FY20258.5%
Details
Gross marginfiscal year to FY2025
24%
Operating marginfiscal year to FY2025
8.5%
Net marginfiscal year to FY2025
6.7%
Free cash flow margin
7.0%
R&D as % of revenue
7.5%
Revenue, trailing twelve months
$7.94B
Free cash flow, trailing twelve months
$553M
Net income, trailing twelve months
$534M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
14%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.