Elbit Systems (ESLT)

Industrials · Aerospace & Defense
$691.10 -2.58% on the day Market cap $32.0B 52-week range $453.00 to $1,016.06 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
19% a year for 10 years

At a market value of $32.0B, Elbit Systems's free cash flow of $553M (fiscal 2025) would need to grow about 19% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Elbit Systems's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price19.0% a year
Free cash flow, last 9 years23.3% a year
Revenue, same period10.4% a year
Price to free cash flow57.9x

Fundamental grade

C

Five factors scored 1 to 9 from ESLT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability5
Growth8
Financial health2
Cash efficiency4

Key numbers

P/E (trailing)60.7x
P/E (forward)8.57x
Price / free cash flow53.4x
EV / EBITDA36.9x
Price / sales4.03x
Price / book7.74x
Revenue growth+16.3%
Operating margin8.5%
Net margin6.7%
Return on equity12.9%
Dividend yield0.59%
Debt / equity2.07x

Results from SEC filings

Fiscal years, from Elbit Systems's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$5.3B$5.5B$6.0B$6.8B$7.9B
Net income$274M$275M$215M$321M$534M
Free cash flow$228M$35M-$73M$320M$553M
EPS (diluted)$6.20$6.18$4.82$7.18$11.39
Operating margin7.9%6.7%6.2%7.2%8.5%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Land$2.3B28%
Aerospace$1.8B23%
ESA$1.7B21%
ISTAR and EW$1.3B17%
C4I and Cyber$866M11%

Superinvestors who own ESLT

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held ESLT in their latest 13F.

Insider buying

Open-market purchases by Elbit Systems's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of ESLT in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does Elbit Systems's stock price imply?

At a market value of $32.0B, Elbit Systems would need its free cash flow to grow about 19% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 23% a year.

Are Elbit Systems insiders buying the stock?

No open-market insider purchases of ESLT in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.