ESLT
Elbit Systems Ltd.
ESLT's fundamentals are strong, but it looks expensive: trading at 54x earnings, above its usual 34x.
ESLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ESLT's revenue, profitability, cash flow and balance sheet are all currently healthy.
ESLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $341 | -53% |
| Fair | 34x | $455 | -37% |
| Current | 54x | $723 | — |
| Expensive | 56x | $752 | +4% |
Historical ranges are pointers, not guarantees.
ESLT's PE is in its expensive range at 54x.
ESLT Forward outlook
There aren't enough analyst estimates for ESLT to show an outlook.
ESLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $13.38 | +52% |
| Q1 2026 | $12.46 | +58% |
| Q4 2025 | $11.47 | +60% |
| Q3 2025 | $9.88 | +68% |
| Q2 2025 | $8.81 | +62% |
| Q1 2025 | $7.88 | +56% |
| Q4 2024 | $7.16 | +50% |
| Q3 2024 | $5.87 | -1.7% |
ESLT earned $13.38 per share over the past year, up 52% from the year before.
ESLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.3B | +16% |
| Q1 2026 | $2.2B | +15% |
| Q4 2025 | $2.1B | +11% |
| Q3 2025 | $1.9B | +12% |
| Q2 2025 | $2B | +21% |
| Q1 2025 | $1.9B | +22% |
| Q4 2024 | $1.9B | +19% |
| Q3 2024 | $1.7B | +14% |
ESLT's revenue has grown year over year for 14 quarters in a row: $2.3B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.6% | +1.6 points |
| Q1 2026 | 9.4% | +1.5 points |
| Q4 2025 | 9.7% | +1.3 points |
| Q3 2025 | 8.9% | +1.6 points |
| Q2 2025 | 8% | +0.8 points |
| Q1 2025 | 7.9% | +1.1 points |
| Q4 2024 | 8.4% | +4.3 points |
| Q3 2024 | 7.3% | +0.3 points |
ESLT's operating margin was 9.6% last quarter, up 1.6 points from the same quarter a year ago.
ESLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $150.3M | +113% |
| Q1 2026 | $209.9M | +30% |
| Q4 2025 | $231.4M | -43% |
| Q3 2025 | $101.2M | +1896% |
| Q2 2025 | $70.6M | +$73.7M |
| Q1 2025 | $160.9M | +$247.3M |
| Q4 2024 | $404M | +42% |
| Q3 2024 | $5.1M | +$54.9M |
ESLT generated $693M in free cash flow over the past year, up 8.1% from the year before.
ESLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +1.4M shares |
| 3 years | +7.8% | +3.5M shares |
| 5 years | +8.8% | +3.9M shares |
| Available history | +8.7% | +3.9M shares |
ESLT has 48M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ESLT hasn't bought back shares in the past year.
ESLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 2.8x | Moderate |
ESLT's net debt is less than a year of its operating earnings (EBITDA), down from 1.6 years a year ago.
ESLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.4 | Neutral |
| Stochastic | 35.2 | Neutral |
ESLT's weekly RSI is 48 (neutral) and its Stochastic is 35 (neutral).
ESLT PE vs Industrials Sector
| Metric | ESLT | Sector median | Relative |
|---|---|---|---|
| PE | 54x | 24x | 125% above |
| PE % | 80 | 58 | 22 pts above |
ESLT is trading at 54x earnings, a 125% premium to the Industrials sector's median of 24x.
ESLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $720.4 | 0.4% above |
| 20 week MA | $747.8 | 3.3% below |
| 50 week MA | $752.9 | 4% below |
| 100 week MA | $580.7 | 25% above |
| 200 week MA | $390.0 | 85% above |
ESLT's trend is mixed: it's above three of its five weekly moving averages, and 85% above its 200-week average.
ESLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $158.9 | $131.0 | -18% |
| 2021 | $131.0 | $167.8 | +28% |
| 2022 | $167.8 | $170.1 | +1.4% |
| 2023 | $170.1 | $213.3 | +25% |
| 2024 | $213.3 | $257.3 | +21% |
| 2025 | $257.3 | $571.1 | +122% |
| 2026 YTD | $571.1 | $723.0 | +27% |
ESLT has finished higher in five of the last six years. It's up 27% so far in 2026.