Sep 2025 (Q3 FY25) — Nov 18, 2025
Elbit Systems Q3 FY25 — Record $25.2B backlog and margin expansion on European demand
Read the full callElbit Systems (ESLT) earnings
- Sep 2025 (Q3 FY25)
- Dec 2025
Elbit Systems earnings: last reported Tue, 18 Nov 2025, for the quarter ended Sep 2025.
Price
$759.47 +0.53% · +$4.04
Performance +58.2% 1Y
1Y: $480 on 17 Oct 2025 → $759.47. High $1,014.33 (17 Mar 2026), low $454.95 (1 Dec 2025).
- Previous close
- $755.43
- 52-week range
- $454.95 – $1,014.33
- One year
- +54.79%
Overview
- Symbol
- ESLT
- Sector
- Industrials
- Industry
- Aircraft Parts & Auxiliary Equipment, NEC
- Exchange
- US
- Currency
- USD
Call summaries
Jun 2025 (Q2 FY25) — Aug 13, 2025
Elbit Systems Ltd. Q2 FY25 — Strong Double-Digit Growth Across All Segments and Geographies
Read the full callEvery analysed call
Elbit Systems earnings calls (ESLT)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,692 | 1,862 | 2,001 | 2,196 | 2,383 | 2,509 | 2,741 | 3,151 |
| Total liabilities | 4,596 | 5,176 | 5,827 | 6,771 | 6,458 | 6,789 | 7,691 | 8,532 |
| Fixed assets | 687 | 767 | 787 | 903 | 949 | 1,088 | 1,277 | 1,382 |
| Total assets | 6,451 | 7,335 | 8,058 | 9,317 | 9,216 | 9,740 | 10,972 | 12,662 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 192 | -53 | 279 | 417 | 240 | 114 | 535 | 778 |
| Cash from investing | -593 | -107 | -23 | -588 | -152 | -211 | -179 | -391 |
| Cash from financing | 454 | 173 | -198 | 151 | -136 | 83 | -288 | -18 |
| Net cash flow | 52 | 13 | 58 | -20 | -48 | -14 | 68 | 370 |
| Capital expenditure | -102 | -138 | -132 | -189 | -205 | -187 | -215 | -226 |
| Free cash flow | 89 | -191 | 147 | 228 | 35 | -73 | 320 | 553 |
ESLT operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Change vs prior quarter |
|---|---|---|---|
| Backlog | $23.8BOur order backlog as of June 30, 2025, was $23.8 billion, $2.6 billion higher than the backlog at the end of the second quarter of 2024 and $626 million higher than the backlog in the first quarter of 2025.Source: earnings call transcript | $25.2BThe order backlog as of September 30, 2025, was $25.2 billion, $3.1 billion higher than the backlog at the end of the third quarter of 2024, and $1.4 billion higher than the backlog in the second quarter of 2025.Source: earnings call transcript | +5.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
21 filings, all on Apr 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$61.88M
7 sales by 7 insiders
Compensation
not trading decisions- 7
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Machlis Bezhalel | — | $22.64M | Apr 9, 2026 |
| Sabag Oren Yaacov | — | $7.55M | Apr 9, 2026 |
| Shmuely Yoram | — | $6.79M | Apr 9, 2026 |
| Delmar Haim Daniel | — | $6.79M | Apr 9, 2026 |
| Ariel Jonathan | — | $6.79M | Apr 9, 2026 |
| Kril Ran | — | $6.04M | Apr 9, 2026 |
| Vered Yehuda | — | $5.28M | Apr 9, 2026 |
Latest filings (21)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Apr 9, 2026 | Delmar Haim Daniel Executive Vice President | Option exercise | 9,000 | $1.21M |
| Apr 9, 2026 | Delmar Haim Daniel Executive Vice President | Tax withheld | 1,346 | $1.21M |
| Apr 9, 2026 | Delmar Haim Daniel Executive Vice President | Sale | 7,654 | $6.79M |
| Apr 9, 2026 | Kril Ran Executive Vice President | Option exercise | 8,000 | $1.07M |
| Apr 9, 2026 | Kril Ran Executive Vice President | Tax withheld | 1,197 | $1.08M |
| Apr 9, 2026 | Kril Ran Executive Vice President | Sale | 6,803 | $6.04M |
| Apr 9, 2026 | Machlis Bezhalel President and CEO | Option exercise | 30,000 | $4.03M |
| Apr 9, 2026 | Machlis Bezhalel President and CEO | Tax withheld | 4,486 | $4.03M |
| Apr 9, 2026 | Machlis Bezhalel President and CEO | Sale | 25,514 | $22.64M |
| Apr 9, 2026 | Ariel Jonathan Executive Vice President | Option exercise | 9,000 | $1.21M |
| Apr 9, 2026 | Ariel Jonathan Executive Vice President | Tax withheld | 1,346 | $1.21M |
| Apr 9, 2026 | Ariel Jonathan Executive Vice President | Sale | 7,654 | $6.79M |
| Apr 9, 2026 | Sabag Oren Yaacov Executive Vice President | Option exercise | 10,000 | $1.34M |
| Apr 9, 2026 | Sabag Oren Yaacov Executive Vice President | Tax withheld | 1,496 | $1.34M |
| Apr 9, 2026 | Sabag Oren Yaacov Executive Vice President | Sale | 8,504 | $7.55M |
| Apr 9, 2026 | Vered Yehuda Executive Vice President | Option exercise | 7,000 | $940.4K |
| Apr 9, 2026 | Vered Yehuda Executive Vice President | Tax withheld | 1,047 | $940.7K |
| Apr 9, 2026 | Vered Yehuda Executive Vice President | Sale | 5,953 | $5.28M |
| Apr 9, 2026 | Shmuely Yoram Executive Vice President | Option exercise | 9,000 | $1.21M |
| Apr 9, 2026 | Shmuely Yoram Executive Vice President | Tax withheld | 1,346 | $1.21M |
| Apr 9, 2026 | Shmuely Yoram Executive Vice President | Sale | 7,654 | $6.79M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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