Elbit Systems Ltd.

ESLT

NASDAQ · Defense Contractors

$682.59

At close - Nov 6, 4:00 PM EST - USD

Market Cap$31.98B

P/E51.7x

52W High$1016.06

Volume67.41K

VCP Research Verdict2026Q2

Record Backlog Conversion Drives Margin & Cash Inflection

Elbit is experiencing a structural earnings inflection as its $23.8B backlog converts into revenue, driving accelerating top-line growth to nearly 16% and expanding gross margins above 25%.

GrowthAccelerating

ProfitabilityModerate

ValuationExpensive

TechnicalsWeak

Explore valuation models

MARKET ACTION

ESLT price & volume

Price trend, volume and key moving averages

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Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue has accelerated to 15.9% growth in Q2 2026 with operating margins expanding to 9.6%, reflecting the conversion of a record $23.8B backlog into higher-scale, higher-margin execution.

Analyst Consensus+20.1% target

Hold(6 analysts)

1 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Strong financial resources

Elbit Systems provides essential financial reports, presentations, and earnings call information, indicating transparency and investor confidence.

Detailed stock analysis

Comprehensive stock overviews, including real-time price, charts, and key statistics, support informed investment decisions.

Free expert reports

Access to free detailed analysis reports on Elbit Systems helps investors evaluate bullish potential.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

ESLT+15.82%

S&P 500 (^GSPC)+7.63%

1-Year Return

ESLT+48.09%

S&P 500 (^GSPC)+9.69%

3-Year Return

ESLT+256.39%

S&P 500 (^GSPC)+78.89%

5-Year Return

ESLT+348.46%

S&P 500 (^GSPC)+65.83%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y High

51.7x

Forward P/EExpansion

46.4x

EV/EBITDA100th %ile

32.9x

FCF YieldCash Flow

2.2%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

51.7x

35.9x

100th· High

EV/EBITDA

32.9x

18.9x

100th· High

Price/FCF

46.2x

45.3x

75th· Fair

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$180.01-73.6%

Base (Fair)$355.69-47.9%

Bull$489.32-28.3%

$180.01 Bear$355.69 Base$489.32 Bull

Current Market Price: $682.59

Trades at a 91.9% premium to Base DCF ($355.69)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue FY25

$7.94B+16.3% YoY

Net income FY25

$534M+66.4% YoY

Free cash flow FY25

$598M+87.3% YoY

Operating margin FY25

8.7%+1.2 pts YoY

ROIC (FY25)11.7%

Avg ROIC 5Y8.7%

ROE (TTM)15.1%

Piotroski Score8 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate11/12 (92%)

Revenue Beat Rate11/12 (92%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Aug 11, 2026	$4.14+12.2% vs $3.69	$2.3B+1.6% vs $2.3B
Q2 2026 May 26, 2026	$3.87+12.5% vs $3.44	$2.2B+2.1% vs $2.1B
Q2 2026 Mar 17, 2026	$3.56+10.2% vs $3.23	$2.1B+2.3% vs $2.1B
Q4 2025 Nov 18, 2025	$3.35+21.8% vs $2.75	$1.9B-3.5% vs $2.0B

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

4 Stories

PRNewsWire·6d ago

Elbit Systems Awarded Approximately $170 Million Contract to Establish and Operate an Advanced Training and Simulation Center for the IDF Artillery Corps

HAIFA, Israel, Nov. 2, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today it was awarded a contract valued at approximately $170 million by the Israel Ministry of Defense (IMOD) to establish and operate an advanced training and simulation center for the Israel Defense Forces (IDF) Artillery Corps.

PRNewsWire·Oct 28, 2026

Elbit Systems to Report Third Quarter 2026 Financial Results on November 17, 2026

The Company will host a Conference Call to discuss its financial results on November 17, 2026 at 9 :00am ET HAIFA, Israel, Oct. 28, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it will publish its third quarter 2026 financial results on Tuesday, November 17, 2026.

Zacks Investment Research·Oct 27, 2026

3 Drone Technology Stocks Poised to Benefit From Rising Adoption

KTOS, ESLT and RTX are among the drone technology stocks worth considering for investment.

PRNewsWire·Oct 26, 2026

Elbit Systems Awarded Approximately $200 Million in Contracts for Airborne ISTAR and Training Solutions in Asia-Pacific

HAIFA, Israel, Oct. 26, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded contracts in an aggregate value of approximately $200 million from a country in Asia-Pacific for the supply of airborne Intelligence, Surveillance, Target Acquisition and Reconnaissance ("ISTAR") and Training solutions.

Filtered for Elbit Systems Ltd.More Headlines

Compare before deciding

Benchmark ESLT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Elbit Systems Ltd. (ESLT)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
ESLTElbit Systems Ltd.Current	$682.59	$31.98B	51.65	16.27%	7.44%	15.13%	0.38%
LHXL3Harris Technologies, Inc.	$259.89	$48.42B	23.76	2.53%	8.76%	10.05%	1.84%
HIIHuntington Ingalls Industries, Inc.	$288.74	$11.38B	15.60	8.23%	5.42%	13.95%	1.88%
LDOSLeidos Holdings, Inc.	$132.68	$16.69B	11.61	3.07%	8.03%	27.77%	1.2%
BAHBooz Allen Hamilton Holding Corporation	$85.35	$10.27B	13.02	-6.37%	7.14%	68.53%	2.64%
CACICACI International Inc	$611.16	$13.5B	25.19	10.89%	5.55%	12.37%	—

Compare ESLT vs Peers

Elbit Systems Ltd. (ESLT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LHX

Most directly comparable listed peer for ESLT.

Scale Benchmark

vs PLTR

Larger-name benchmark to compare ESLT against a more recognizable public peer.

Peer Set

Compare Top 5

vs LHX, HII, LDOS, BAH

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ESLT Frequently Asked Questions

Elbit Systems Ltd. (ESLT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Elbit Systems Ltd.'s revenue?

Elbit Systems Ltd. (ESLT) reported $8.55B in revenue over the trailing twelve months. Revenue was $7.94B in fiscal year 2025. That is 2482% more than the $307.5M of fiscal year 1996.

How fast is Elbit Systems Ltd. growing?

Elbit Systems Ltd. (ESLT) grew revenue by 13.7% over the trailing twelve months, compared with the twelve months before.

Is ESLT profitable?

Yes. Elbit Systems Ltd. (ESLT) earned $636.0M in net income over the trailing twelve months (a 7.4% net margin).

Dividend & Returns

Does ESLT pay dividends?

Yes. Elbit Systems Ltd. (ESLT) pays a dividend that yields 0.38% at the current price, a small yield.

What is ESLT's return on equity?

Elbit Systems Ltd. (ESLT) had a return on equity (ROE) of 15.1% over the trailing twelve months. That is above the market's typical 10-15%.

What is Elbit Systems Ltd.'s free cash flow?

Elbit Systems Ltd. (ESLT) generated $692.8M in free cash flow over the trailing twelve months.

What if you invested $1,000 in ESLT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Aug 11, 2026

$4.14+12.2%

vs $3.69

$2.3B+1.6%

vs $2.3B

Q2 2026

May 26, 2026

$3.87+12.5%

vs $3.44

$2.2B+2.1%

vs $2.1B

Q2 2026

Mar 17, 2026

$3.56+10.2%

vs $3.23

$2.1B+2.3%

vs $2.1B

Q4 2025

Nov 18, 2025

$3.35+21.8%

vs $2.75

$1.9B-3.5%

vs $2.0B

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

ESLTElbit Systems Ltd.Current

$682.59

$31.98B

51.65

16.27%

7.44%

15.13%

0.38%

LHXL3Harris Technologies, Inc.

$259.89

$48.42B

23.76

2.53%

8.76%

10.05%

1.84%

HIIHuntington Ingalls Industries, Inc.

$288.74

$11.38B

15.60

8.23%

5.42%

13.95%

1.88%

LDOSLeidos Holdings, Inc.

$132.68

$16.69B

11.61

3.07%

8.03%

27.77%

1.2%

BAHBooz Allen Hamilton Holding Corporation

$85.35

$10.27B

13.02

-6.37%

7.14%

68.53%

2.64%

CACICACI International Inc

$611.16

$13.5B

25.19

10.89%

5.55%

12.37%

—