Elbit Systems (Elbit Systems) Gross Margin %

: 23.50% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Elbit Systems's Gross Profit for the three months ended in Dec. 2023 was $382 Mil. Elbit Systems's Revenue for the three months ended in Dec. 2023 was $1,626 Mil. Therefore, Elbit Systems's Gross Margin % for the quarter that ended in Dec. 2023 was 23.50%.

The historical rank and industry rank for Elbit Systems's Gross Margin % or its related term are showing as below:

ESLT' s Gross Margin % Range Over the Past 10 Years
Min: 24.82 Med: 26.12 Max: 29.7
Current: 24.82

During the past 13 years, the highest Gross Margin % of Elbit Systems was 29.70%. The lowest was 24.82%. And the median was 26.12%.

ESLT's Gross Margin % is ranked worse than
53.54% of 297 companies
in the Aerospace & Defense industry
Industry Median: 26.41 vs ESLT: 24.82

Elbit Systems had a gross margin of 23.50% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Elbit Systems was -1.00% per year.

Elbit Systems Gross Margin % Historical Data

The historical data trend for Elbit Systems's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elbit Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.21

24.99

25.73

24.92

24.82

Elbit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															25.27	25.94	25.60	24.45	23.50

Competitive Comparison

For the Aerospace & Defense subindustry, Elbit Systems's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elbit Systems Gross Margin % Distribution

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Elbit Systems's Gross Margin % falls into.

Elbit Systems Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Elbit Systems's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1483	/	5974.744
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5974.744 - 4491.79)	/	5974.744
	=	24.82 %

Elbit Systems's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	382.1	/	1625.794
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1625.794 - 1243.686)	/	1625.794
	=	23.50 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Elbit Systems (NAS:ESLT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Elbit Systems had a gross margin of 23.50% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Elbit Systems Gross Margin % Related Terms

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Elbit Systems (Elbit Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Elbit Systems Ltd (NAS:ESLT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ESLT:Israel EB2:Germany

Address

Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401

Website

https://www.elbitsystems.com

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.