Export financials
Elbit Systems Ltd. (ESLT)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Elbit Systems Ltd. Balance Sheet 2025-2007 | ESLT
Brief overview of Elbit Systems Ltd.'s assets and capital
The comparison uses five available annual reports from the 2016–2020 interval.
Assets reached $8.1 billion, compared with $4.4 billion at the beginning. Growth of +85.2% and CAGR near 16.7% show active expansion.
Liability growth of +109.2% exceeded asset growth of +85.2%, increasing reliance on outside funding.
The share of internal funding stands at 27.7% versus 35.8% initially, providing a reasonable foundation.
Net debt equals roughly 0.09x of equity. This is a moderate load and leaves room for maneuver.
Cash equals 3.5% of the balance sheet, compared with 5.1% five periods ago. This is the readily available cushion.
Retained earnings stand at $2 billion; the five-period change was +43.1%. This reflects accumulated business performance.
Overall picture
Elbit Systems Ltd. retains a reasonably healthy balance sheet structure, which still needs support from earnings and cash flow.
Annual Balance Sheet Elbit Systems Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-519 M | -153 M | -88.8 M | 123 M | - | 196 M | 282 M | 322 M | 156 M | 183 M | 207 M | 396 M | 471 M | 473 M | 466 M | 184 M | 251 M | - | - |
Long Term Debt |
18 M | 27.4 M | 41.2 M | 265 M | 357 M | 409 M | 440 M | 468 M | 244 M | 172 M | 393 M | 515 M | 602 M | 582 M | 538 M | 292 M | 389 M | - | - |
Long Term Debt Current |
98.5 M | 84.9 M | 67.4 M | 69.3 M | - | 65.5 M | 62.6 M | 62.5 M | 67.6 M | 229 M | 113 M | 82 M | 63.1 M | 90.1 M | 128 M | 43.1 M | 2.66 M | - | - |
Total Non Current Liabilities |
2.56 B | 2.38 B | 1.97 B | 2.18 B | 2.75 B | 2.2 B | 2 B | 1.69 B | 908 M | 859 M | 1.09 B | 1.16 B | 1.3 B | 1.25 B | 1.19 B | 1.24 B | 970 M | - | - |
Total Current Liabilities |
5.98 B | 5.31 B | 4.82 B | 4.28 B | 4.02 B | 3.62 B | 3.17 B | 2.91 B | 2.09 B | 1.93 B | 1.64 B | 1.62 B | 1.44 B | 1.51 B | 1.6 B | 1.37 B | 1.23 B | - | - |
Total Liabilities |
- | - | - | - | - | 5.83 B | 5.18 B | 4.6 B | 3 B | 2.78 B | 2.72 B | 2.78 B | 2.74 B | 2.76 B | 2.79 B | - | - | - | - |
Deferred Revenue |
2.68 B | 2.15 B | 1.66 B | 1.78 B | - | 1 B | 724 M | 781 M | 419 M | 347 M | 437 M | 413 M | 350 M | 453 M | 407 M | - | - | - | - |
Retained Earnings |
3.15 B | 2.74 B | 2.51 B | 2.38 B | 2.2 B | 2 B | 1.86 B | 1.69 B | 1.56 B | 1.4 B | 1.23 B | 1.09 B | 975 M | 842 M | 724 M | 696 M | 575 M | - | - |
Total Assets |
12.7 B | 11 B | 9.74 B | 9.22 B | 9.32 B | 8.06 B | 7.34 B | 6.45 B | 4.71 B | 4.35 B | 4.13 B | 4.02 B | 3.93 B | 3.81 B | 3.72 B | 3.62 B | 3.05 B | - | - |
Cash and Cash Equivalents |
635 M | 265 M | 197 M | 211 M | - | 279 M | 221 M | 208 M | 156 M | 223 M | 299 M | 200 M | 192 M | 199 M | 203 M | 151 M | 141 M | 205 M | 363 M |
Book Value |
12.7 B | 11 B | 9.74 B | 9.22 B | 9.32 B | 2.23 B | 2.16 B | 1.85 B | 1.72 B | 1.57 B | 1.4 B | 1.24 B | 1.19 B | 1.05 B | 928 M | 3.62 B | 3.05 B | - | - |
Total Shareholders Equity |
4.13 B | 3.28 B | 2.95 B | 2.76 B | 2.55 B | 2.23 B | 2.16 B | 1.85 B | 1.72 B | 1.56 B | 1.39 B | 1.23 B | 1.18 B | 1.02 B | 898 M | 967 M | 833 M | 800 M | 556 M |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Balance Sheet Elbit Systems Ltd.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | 2007-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
18 M | 27.4 M | 41.2 M | - | - | - | - | 357 M | - | - | - | 409 M | - | - | - | 440 M | - | - | - | 468 M | - | - | - | 120 M | - | - | - | 475 K | - | - | - | 166 M | - | - | - | 221 M | - | - | - | 224 M | - | - | - | 174 M | - | - | - | 302 M | - | - | - | 292 M | 389 M | - | - |
Total Non Current Liabilities |
2.56 B | 2.38 B | 1.97 B | - | - | - | - | 2.75 B | - | - | - | 2.2 B | - | - | - | 2 B | - | - | - | 1.69 B | - | - | - | 908 M | - | - | - | 860 M | - | - | - | 1.09 B | - | - | - | 1.16 B | - | - | - | 1.3 B | - | - | - | 1.25 B | - | - | - | 1.19 B | - | - | - | 1.24 B | 970 M | - | - |
Deferred Revenue |
2.68 B | 2.15 B | 1.66 B | - | - | - | - | 1.5 B | - | - | - | 1 B | - | - | - | 724 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
3.15 B | 2.74 B | 2.51 B | - | - | - | - | 2.2 B | - | - | - | 2 B | - | - | - | 1.86 B | - | - | - | 1.69 B | - | - | - | 1.56 B | - | - | - | 1.4 B | - | - | - | 1.23 B | - | - | - | 1.09 B | - | - | - | 975 M | - | - | - | 842 M | - | - | - | 724 M | - | - | - | 696 M | 575 M | - | - |
Total Assets |
12.7 B | 11 B | 9.74 B | - | - | - | - | 9.32 B | - | - | - | 8.06 B | - | - | - | 7.34 B | - | - | - | 6.45 B | - | - | - | 4.71 B | - | - | - | 4.35 B | - | - | - | 4.12 B | - | - | - | 4.02 B | - | - | - | 3.93 B | - | - | - | 3.81 B | - | - | - | 3.72 B | - | - | - | 3.62 B | 3.05 B | - | - |
Cash and Cash Equivalents |
635 M | 265 M | 197 M | - | - | - | - | 259 M | - | - | - | 279 M | - | - | - | 221 M | - | - | - | 208 M | - | - | - | 156 M | - | - | - | 223 M | - | - | - | 223 M | - | - | - | 200 M | - | - | - | 192 M | - | - | - | 192 M | - | - | - | 203 M | - | - | - | 151 M | 141 M | 205 M | 363 M |
Book Value |
12.7 B | 11 B | 9.74 B | - | - | - | - | 9.32 B | - | - | - | 8.06 B | - | - | - | 7.34 B | - | - | - | 6.45 B | - | - | - | 4.71 B | - | - | - | 4.35 B | - | - | - | 4.12 B | - | - | - | 4.02 B | - | - | - | 3.93 B | - | - | - | 3.81 B | - | - | - | 3.72 B | - | - | - | 3.62 B | 3.05 B | - | - |
Total Shareholders Equity |
4.13 B | 3.28 B | 2.95 B | - | - | - | - | 2.53 B | - | - | - | 2.22 B | - | - | - | 2.14 B | - | - | - | 1.83 B | - | - | - | 1.71 B | - | - | - | 1.56 B | - | - | - | 1.39 B | - | - | - | 1.23 B | - | - | - | 1.18 B | - | - | - | 1.02 B | - | - | - | 898 M | - | - | - | 967 M | 833 M | 800 M | 556 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of Elbit Systems Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.