Elbit Systems Ltd.

ESLTNASDAQIndustrials● Active

$833.29

+$9.93(+1.21%)

Market Cap$39.0B

P/E Ratio—

52W High$1016.06

52W Low$407.76

Avg Volume155K

Open$839.20

Beta-0.25

Free Cash Flow Financials Revenue

Elbit Systems Ltd. (ESLT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ESLT · free cash flow · updated Jun 8, 2026

Core FCF metrics

ESLT · FCF · TTM · margin & CAGR

Free cash flow was $598.4M for FY2025 (fiscal year ending 2025-12-31), up 87.3% year-over-year The FCF margin was 7.5%. Five-year CAGR stands at +32.5%.

FY2025 Free Cash Flow$598.4M▲ +87.3% YoY

Trailing 12M (TTM)$613.0Mtrailing 4 quarters sum

FCF Margin7.5%$598.4M ÷ revenue

3-Year CAGR+157.7%FY2022 → FY2025

5-Year CAGR+32.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ESLT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$842.6M(244M)$598.4M▲ +87.3%7.5%

FY2024$534.6M(215M)$319.6M▲ +535.8%4.7%

FY2023$113.7M(187M)−$73.3M▼ 309.8%-1.2%

FY2022$240.1M(205M)$35.0M▼ 84.7%0.6%

FY2021$416.9M(189M)$228.3M▲ +55.7%4.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ESLT · P/FCF · FCF yield · FCF per share

Elbit Systems Ltd. (ESLT) trades at a FCF yield of 1.56% and a price-to-free-cash-flow ratio of 62.1x. FCF per share stands at $13.41, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.56%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$13.41

TTM FCF ÷ Shares Outstanding

Price / FCF

x62.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x65.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ESLT · cash flow statement · operating / investing / financing

For FY2025, Elbit Systems Ltd. generated $842.6M in operating cash flow and spent 244M in capital expenditures, yielding $598.4M in free cash flow.

Operating Activities

+$842.6M

Cash from core business operations

2025-12-31

Investing Activities

−$422.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$19.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($842.6M) − |CapEx| (244M) = FCF ($598.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ESLT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Elbit Systems Ltd.YOU

ESLT

$598.4M+87.3%7.5%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Elbit Systems Ltd. (ESLT) reported free cash flow of $598.4M for FY2025 (fiscal year ending 2025-12-31), up 87.3% year-over-year. The FCF margin was 7.5%.

Based on available data, Elbit Systems Ltd. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $598.4M in FY2025. The 5-year CAGR stands at +32.5%.

Elbit Systems Ltd.'s FCF yield is 1.56% and price-to-FCF ratio is 62.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ESLT free cash flow · 8 questions

Elbit Systems Ltd. free cash flow was $598.4M for FY2025, up 87.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $613.0M.

ESLT free cash flowESLT FCFESLT FCF 2025ESLT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Elbit Systems Ltd. · Elbit Systems Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026