Last 48 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Elbit Systems Ltd.'s quarterly P/E stands at 63.6x, up 55.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 69.4% YoY to 41.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 68.01 | 63.55 | 40.23 | 44.88 | 41.78 | 40.82 | 32.26 | 28.26 | 25.09 | 32.24 | 75.09 | 37.21 | 38.13 |
| — | +55.7% | +24.7% | +58.8% | +66.5% | +26.6% | -57.0% | -24.1% | -34.2% | +3.8% | +247.9% | -1.4% | +21.0% | |
| P/S Ratio | 4.57 | 4.67 | 3.21 | 3.16 | 2.66 | 2.30 | 1.50 | 1.30 | 1.21 | 1.51 | 1.46 | 1.47 | 1.60 |
| — | +102.5% | +113.7% | +143.3% | +119.5% | +52.6% | +2.6% | -11.7% | -24.4% | +11.3% | +20.6% | -6.5% | -18.2% | |
| P/B Ratio | 8.80 | 9.59 | 6.68 | 6.07 | 5.32 | 5.28 | 3.53 | 2.91 | 2.61 | 3.15 | 3.25 | 3.11 | 3.34 |
| — | +81.6% | +89.0% | +108.8% | +103.5% | +67.9% | +8.7% | -6.5% | -21.7% | +15.7% | +22.7% | -4.7% | -17.0% | |
| P/FCF | 60.62 | 48.67 | 29.81 | 60.06 | 74.34 | 27.15 | 7.18 | 440.41 | — | — | 8.36 | — | — |
| — | +79.3% | +315.4% | -86.4% | — | — | -14.2% | — | — | — | -18.3% | — | — | |
| EV / EBITDA | 42.63 | 41.44 | 27.83 | 29.33 | 27.48 | 24.47 | 15.60 | 15.79 | 15.13 | 18.62 | 24.74 | 17.38 | 19.08 |
| — | +69.4% | +78.4% | +85.8% | +81.6% | +31.4% | -36.9% | -9.2% | -20.7% | +14.9% | +89.3% | -18.9% | +4.7% | |
| EV / EBIT | 53.27 | 50.28 | 46.67 | 36.50 | 35.34 | 30.31 | 27.26 | 19.59 | 20.45 | 24.45 | 395.82 | 24.82 | 26.98 |
| — | +65.9% | +71.2% | +86.3% | +72.8% | +24.0% | -93.1% | -21.1% | -24.2% | +2.9% | +1663.6% | -19.6% | -3.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Elbit Systems Ltd.'s operating margin was 9.4% in Q1 2026, down 0.3 pp QoQ and up 1.5 pp YoY. Gross margin expanded 5.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.4% | 25.2% | 24.7% | 24.9% | 24.0% | 24.0% | 24.1% | 24.0% | 24.0% | 24.1% | 23.5% | 24.5% | 25.6% |
| — | +5.2% | +2.3% | +3.6% | +0.0% | -0.5% | +2.5% | -1.7% | -6.4% | -7.2% | -7.0% | +1.2% | -1.8% | |
| Operating Margin | 8.7% | 9.4% | 9.7% | 8.9% | 8.0% | 7.9% | 8.4% | 7.3% | 7.2% | 6.8% | 4.2% | 7.1% | 7.0% |
| — | +18.7% | +15.3% | +21.8% | +11.7% | +16.5% | +102.3% | +3.7% | +2.5% | +0.6% | -48.0% | +29.8% | -20.9% | |
| Net Margin | 6.7% | 7.3% | 7.8% | 6.9% | 6.4% | 5.6% | 4.7% | 4.6% | 4.8% | 4.7% | 1.8% | 4.0% | 4.3% |
| — | +30.1% | +67.9% | +50.7% | +32.2% | +19.1% | +152.6% | +13.9% | +12.4% | +6.4% | -67.4% | -3.0% | -31.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 3.8% | 4.1% | 3.4% | 3.5% | 3.3% | 2.8% | 2.6% | 2.6% | 2.5% | 1.0% | 2.2% | 2.2% |
| — | +17.9% | +45.9% | +29.1% | +32.6% | +30.4% | +172.4% | +20.7% | +16.8% | +11.2% | -67.3% | -1.5% | -29.5% | |
| ROA | 4.5% | 1.2% | 1.4% | 1.1% | 1.1% | 1.0% | 0.8% | 0.7% | 0.8% | 0.7% | 0.3% | 0.6% | 0.7% |
| — | +29.5% | +63.7% | +47.8% | +41.2% | +29.0% | +164.9% | +17.1% | +15.8% | +11.9% | -65.9% | +5.4% | -24.8% | |
| ROIC | 11.7% | 3.3% | 3.3% | 2.6% | 2.5% | 2.5% | 2.7% | 2.1% | 2.0% | 1.8% | 1.2% | 1.8% | 1.9% |
| — | +29.9% | +22.1% | +23.3% | +25.1% | +36.3% | +129.3% | +12.8% | +5.6% | +1.7% | -50.0% | +27.2% | -18.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Elbit Systems Ltd.'s Debt/EBITDA ratio is 3.6x, down from 3.8x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 16.5% YoY to 1.41x, strengthening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.21 | 0.23 | 0.27 | 0.31 | 0.42 | 0.42 | 0.52 | 0.53 | 0.52 | 0.50 | 0.57 | 0.56 |
| — | -49.9% | -44.1% | -48.8% | -41.0% | -18.7% | -16.0% | -9.0% | -5.2% | +7.8% | +6.6% | +5.1% | -5.6% | |
| Debt / EBITDA | 1.12 | 3.57 | 3.85 | 4.96 | 6.14 | 7.25 | 6.73 | 9.70 | 10.35 | 10.61 | 13.35 | 10.94 | 11.07 |
| — | -50.8% | -42.9% | -48.9% | -40.7% | -31.7% | -49.6% | -11.3% | -6.5% | +7.4% | +66.7% | -13.0% | +15.8% | |
| Current Ratio | 1.29 | 1.41 | 1.29 | 1.32 | 1.29 | 1.21 | 1.20 | 1.15 | 1.13 | 1.16 | 1.14 | 1.12 | 1.11 |
| — | +16.5% | +8.2% | +15.1% | +14.0% | +3.7% | +4.8% | +2.6% | +2.0% | -1.1% | -2.9% | -3.2% | -5.2% | |
| Quick Ratio | 0.77 | 0.86 | 0.77 | 0.76 | 0.77 | 0.70 | 0.67 | 0.64 | 0.63 | 0.66 | 0.67 | 0.64 | 0.65 |
| — | +22.7% | +14.3% | +19.3% | +22.3% | +6.0% | +1.3% | -1.0% | -3.9% | -6.0% | -7.7% | -11.7% | -12.9% | |
| Interest Coverage | 13.41 | 6.43 | 4.31 | 4.94 | 5.02 | 3.97 | 2.50 | 2.95 | 3.94 | 3.55 | 0.14 | 2.92 | 3.12 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into ESLT consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ESLT stock.
Elbit Systems Ltd.'s current P/E is 68.0x. The average P/E over the last 4 quarters is 47.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Elbit Systems Ltd.'s current operating margin is 8.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Elbit Systems Ltd.'s business trajectory between earnings reports.