Elbit Systems Ltd (ESLT) - Net Assets
Based on the latest financial reports, Elbit Systems Ltd (ESLT) has net assets worth ILA4.13 Billion ILA (≈ $11.07 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA12.66 Billion ≈ $33.95 Million USD) and total liabilities (ILA8.53 Billion ≈ $22.88 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Elbit Systems Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA4.13 Billion |
| % of Total Assets | 32.62% |
| Annual Growth Rate | 14.69% |
| 5-Year Change | 62.23% |
| 10-Year Change | 163.57% |
| Growth Volatility | 21.21 |
Elbit Systems Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Elbit Systems Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Elbit Systems Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Elbit Systems Ltd (1996–2025)
The table below shows the annual net assets of Elbit Systems Ltd from 1996 to 2025. For live valuation and market cap data, see Elbit Systems Ltd (ESLT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ILA4.13 Billion ≈ $11.07 Million |
+25.90% |
| 2024-12-31 | ILA3.28 Billion ≈ $8.80 Million |
+11.21% |
| 2023-12-31 | ILA2.95 Billion ≈ $7.91 Million |
+6.98% |
| 2022-12-31 | ILA2.76 Billion ≈ $7.39 Million |
+8.30% |
| 2021-12-31 | ILA2.55 Billion ≈ $6.83 Million |
+14.11% |
| 2020-12-31 | ILA2.23 Billion ≈ $5.98 Million |
+3.31% |
| 2019-12-31 | ILA2.16 Billion ≈ $5.79 Million |
+16.47% |
| 2018-12-31 | ILA1.85 Billion ≈ $4.97 Million |
+7.94% |
| 2017-12-31 | ILA1.72 Billion ≈ $4.61 Million |
+9.62% |
| 2016-12-31 | ILA1.57 Billion ≈ $4.20 Million |
+11.76% |
| 2015-12-31 | ILA1.40 Billion ≈ $3.76 Million |
+13.20% |
| 2014-12-31 | ILA1.24 Billion ≈ $3.32 Million |
+3.75% |
| 2013-12-31 | ILA1.19 Billion ≈ $3.20 Million |
+13.66% |
| 2012-12-31 | ILA1.05 Billion ≈ $2.82 Million |
+13.25% |
| 2011-12-31 | ILA927.72 Million ≈ $2.49 Million |
-7.73% |
| 2010-12-31 | ILA1.01 Billion ≈ $2.70 Million |
+17.30% |
| 2009-12-31 | ILA857.19 Million ≈ $2.30 Million |
+7.11% |
| 2008-12-31 | ILA800.31 Million ≈ $2.15 Million |
+43.85% |
| 2007-12-31 | ILA556.35 Million ≈ $1.49 Million |
+11.10% |
| 2006-12-31 | ILA500.75 Million ≈ $1.34 Million |
+7.99% |
| 2005-12-31 | ILA463.68 Million ≈ $1.24 Million |
+5.61% |
| 2004-12-31 | ILA439.04 Million ≈ $1.18 Million |
-3.76% |
| 2003-12-31 | ILA456.19 Million ≈ $1.22 Million |
+9.65% |
| 2002-12-31 | ILA416.04 Million ≈ $1.12 Million |
+8.35% |
| 2001-12-31 | ILA383.98 Million ≈ $1.03 Million |
+11.08% |
| 2000-12-31 | ILA345.69 Million ≈ $926.77K |
+98.12% |
| 1999-12-31 | ILA174.49 Million ≈ $467.79K |
+9.39% |
| 1998-12-31 | ILA159.50 Million ≈ $427.61K |
+17.89% |
| 1997-12-31 | ILA135.30 Million ≈ $362.73K |
+74.36% |
| 1996-12-31 | ILA77.60 Million ≈ $208.04K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Elbit Systems Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4887.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA3.15 Billion | 76.31% |
| Common Stock | ILA13.44 Million | 0.33% |
| Other Comprehensive Income | ILA-93.22 Million | -2.26% |
| Other Components | ILA1.06 Billion | 25.62% |
| Total Equity | ILA4.13 Billion | 100.00% |
Elbit Systems Ltd Competitors by Market Cap
The table below lists competitors of Elbit Systems Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BioPharma Credit PLC
LSE:BPCR
|
$1.09 Billion |
|
Neo Performance Materials Inc
TO:NEO
|
$1.09 Billion |
|
Pexa Group Ltd
AU:PXA
|
$1.09 Billion |
|
Aygaz AS
IS:AYGAZ
|
$1.09 Billion |
|
Greattown Holdings Ltd A
SHG:600094
|
$1.09 Billion |
|
AXWAY SOFTWARE EO 2
F:1XV
|
$1.09 Billion |
|
Guangdong South New Media Co Ltd
SHE:300770
|
$1.09 Billion |
|
Manchester United Ltd
F:MUF
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elbit Systems Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,277,540,000 to 4,130,455,275, a change of 852,915,275 (26.0%).
- Net income of 578,406,347 contributed positively to equity growth.
- Dividend payments of 120,904,407 reduced retained earnings.
- New share issuances of 573,064,000 increased equity.
- Other comprehensive income decreased equity by 157,518,347.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA578.41 Million | +14.0% |
| Dividends Paid | ILA120.90 Million | -2.93% |
| Share Issuances | ILA573.06 Million | +13.87% |
| Other Comprehensive Income | ILA-157.52 Million | -3.81% |
| Other Changes | ILA-20.13 Million | -0.49% |
| Total Change | ILA- | 26.02% |
Book Value vs Market Value Analysis
This analysis compares Elbit Systems Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2785.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 67723.67x to 2785.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | ILA3.62 | ILA245250.00 | x |
| 1997-12-31 | ILA5.61 | ILA245250.00 | x |
| 1998-12-31 | ILA5.89 | ILA245250.00 | x |
| 1999-12-31 | ILA6.52 | ILA245250.00 | x |
| 2000-12-31 | ILA10.79 | ILA245250.00 | x |
| 2001-12-31 | ILA9.60 | ILA245250.00 | x |
| 2002-12-31 | ILA10.30 | ILA245250.00 | x |
| 2003-12-31 | ILA11.24 | ILA245250.00 | x |
| 2004-12-31 | ILA10.56 | ILA245250.00 | x |
| 2005-12-31 | ILA10.83 | ILA245250.00 | x |
| 2006-12-31 | ILA11.79 | ILA245250.00 | x |
| 2007-12-31 | ILA12.67 | ILA245250.00 | x |
| 2008-12-31 | ILA16.93 | ILA245250.00 | x |
| 2009-12-31 | ILA19.38 | ILA245250.00 | x |
| 2010-12-31 | ILA22.37 | ILA245250.00 | x |
| 2011-12-31 | ILA20.83 | ILA245250.00 | x |
| 2012-12-31 | ILA24.06 | ILA245250.00 | x |
| 2013-12-31 | ILA27.83 | ILA245250.00 | x |
| 2014-12-31 | ILA28.74 | ILA245250.00 | x |
| 2015-12-31 | ILA32.63 | ILA245250.00 | x |
| 2016-12-31 | ILA36.49 | ILA245250.00 | x |
| 2017-12-31 | ILA39.92 | ILA245250.00 | x |
| 2018-12-31 | ILA42.83 | ILA245250.00 | x |
| 2019-12-31 | ILA48.84 | ILA245250.00 | x |
| 2020-12-31 | ILA50.17 | ILA245250.00 | x |
| 2021-12-31 | ILA57.18 | ILA245250.00 | x |
| 2022-12-31 | ILA61.80 | ILA245250.00 | x |
| 2023-12-31 | ILA66.10 | ILA245250.00 | x |
| 2024-12-31 | ILA73.46 | ILA245250.00 | x |
| 2025-12-31 | ILA88.04 | ILA245250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elbit Systems Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.73%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 3.07x
- Recent ROE (14.00%) is above the historical average (13.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 23.20% | 5.85% | 1.27x | 3.11x | ILA10.24 Million |
| 1997 | 16.41% | 5.96% | 1.16x | 2.37x | ILA8.67 Million |
| 1998 | 17.65% | 6.70% | 1.17x | 2.25x | ILA12.05 Million |
| 1999 | 17.97% | 7.12% | 0.96x | 2.64x | ILA13.76 Million |
| 2000 | -6.03% | -3.47% | 0.71x | 2.43x | ILA-54.60 Million |
| 2001 | 10.79% | 5.34% | 0.84x | 2.40x | ILA3.00 Million |
| 2002 | 10.97% | 5.45% | 0.88x | 2.27x | ILA3.98 Million |
| 2003 | 10.16% | 5.12% | 0.88x | 2.26x | ILA737.10K |
| 2004 | 12.19% | 5.64% | 0.90x | 2.39x | ILA9.52 Million |
| 2005 | 7.21% | 3.04% | 0.66x | 3.59x | ILA-12.59 Million |
| 2006 | 14.63% | 4.74% | 0.86x | 3.58x | ILA22.85 Million |
| 2007 | 14.30% | 3.87% | 0.71x | 5.19x | ILA23.08 Million |
| 2008 | 28.21% | 7.74% | 0.90x | 4.05x | ILA131.79 Million |
| 2009 | 25.81% | 7.59% | 0.93x | 3.67x | ILA131.66 Million |
| 2010 | 18.98% | 6.87% | 0.74x | 3.74x | ILA86.83 Million |
| 2011 | 10.05% | 3.20% | 0.76x | 4.14x | ILA454.30K |
| 2012 | 16.51% | 5.81% | 0.76x | 3.75x | ILA66.17 Million |
| 2013 | 15.58% | 6.27% | 0.74x | 3.34x | ILA65.72 Million |
| 2014 | 13.94% | 5.78% | 0.74x | 3.28x | ILA48.31 Million |
| 2015 | 14.52% | 6.52% | 0.75x | 2.96x | ILA63.08 Million |
| 2016 | 15.19% | 7.27% | 0.75x | 2.79x | ILA80.92 Million |
| 2017 | 14.00% | 7.08% | 0.72x | 2.76x | ILA68.28 Million |
| 2018 | 11.28% | 5.61% | 0.57x | 3.52x | ILA23.49 Million |
| 2019 | 10.64% | 5.05% | 0.61x | 3.43x | ILA13.72 Million |
| 2020 | 10.71% | 5.10% | 0.58x | 3.63x | ILA15.84 Million |
| 2021 | 10.84% | 5.20% | 0.57x | 3.68x | ILA21.19 Million |
| 2022 | 10.00% | 5.00% | 0.60x | 3.34x | ILA-74.10K |
| 2023 | 7.30% | 3.60% | 0.61x | 3.30x | ILA-79.62 Million |
| 2024 | 9.80% | 4.70% | 0.62x | 3.35x | ILA-6.62 Million |
| 2025 | 14.00% | 6.73% | 0.68x | 3.07x | ILA165.36 Million |
Industry Comparison
This section compares Elbit Systems Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $189,567,667
- Average return on equity (ROE) among peers: 14.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elbit Systems Ltd (ESLT) | ILA4.13 Billion | 23.20% | 2.07x | $1.09 Billion |
| Aryt Industries Ltd (ARYT) | $101.49 Million | 58.80% | 1.22x | $794.99 Million |
| Ashot Ashkelon Industries Ltd (ASHO) | $243.87 Million | 1.07% | 1.38x | $611.13 Million |
| Bet Shemesh Engines Holdings 1997 Ltd (BSEN) | $0.00 | 0.00% | 0.00x | $2.28 Billion |
| FMS Enterprises Migun Ltd (FBRT) | $264.57 Million | 9.40% | 0.09x | $539.62 Million |
| Global Knafaim Leasing Ltd (GKL) | $56.03 Million | 11.05% | 1.19x | $41.32 Million |
| IMCO Industries Ltd (IMCO) | $109.14 Million | 8.55% | 0.40x | $63.81 Million |
| Israel Shipyards Ltd (ISHI) | $864.09 Million | 14.63% | 0.84x | $899.46 Million |
| Imagesat International ISI Ltd (ISI) | $51.27 Million | 12.28% | 0.88x | $204.62 Million |
| Orbit Technologies Ltd (ORBI) | $15.65 Million | 13.48% | 1.32x | $288.39 Million |
About Elbit Systems Ltd
Elbit Systems Ltd., together with its subsidiaries, develops and supplies defense and homeland security arenas products and services in Israel, North America, Europe, the Asia-Pacific, Latin America, and internationally. The company operates through five segments: Aerospace; C4I and Cyber; Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare; Land; and Elbit Sy… Read more