Elbit Systems (NASDAQ:ESLT) reported record-breaking financial results for the full year ended December 31, 2025, illustrating the defense contractor's critical role in a volatile global security landscape.
The company achieved annual revenues of $7.94 billion, a 16.3% increase over 2024.
The fourth quarter contributed significantly to this growth, with revenues reaching $2.15 billion, up 11.3% year-over-year.
The performance was characterized by a massive surge in the company's order backlog, which climbed to $28.1 billion—an increase of $5.5 billion over the previous year.
Profitability remained robust despite the operational complexities of the ongoing Middle East conflict.
Elbit reported GAAP net income of $534.3 million and non-GAAP net income of $598 million.
GAAP diluted earnings per share (EPS) stood at $11.39.
A standout metric for the year was the company’s cash generation; Elbit recorded record free cash flow exceeding $550 million, providing the liquidity necessary to navigate supply-chain disruptions and increased production demands.
Management emphasized that the current environment has necessitated a dual focus on immediate delivery and long-term innovation.