With a backlog-to-sales ratio of approximately 3.27x annual revenue and Land Systems revenue increasing 41% in Q3 2025, the company is expanding production capacity in Europe and accelerating R&D investment in high-margin, next-gen technologies. Following recent conflicts, governments worldwide are seeking independent defense capabilities, a positioning that Elbit's global footprint and local operating subsidiaries are well-suited to address.
Cyborg Score Rationale
Q3 2025 non-GAAP diluted EPS hit $3.35, a 52% jump year-over-year, and the company signed a massive international contract for approximately $2.3 billion in November 2025. Record order backlog and strong growth momentum across defense domains position Elbit as a market leader in a structurally favorable sector.
Top Insights
Record order backlog of $25.2 billion as of Q3 2025, providing exceptional revenue visibility over 3+ years
Land Systems revenue increased 41% in Q3 2025, the fastest-growing segment driven by global demand for advanced munitions and vehicle protection systems
Europe emerged as a major market focus, particularly for advanced UAS and command-and-control solutions
Company allocates approximately 7% of sales to research and development with focus on continuous innovation and next-generation technologies
Named Competitors
Patriot Air Defense — Advanced air defense and missile systems
F-35 Lightning II — Fifth-generation fighter aircraft platform
Ground Combat System — Integrated military land systems
RQ-4 Global Hawk — Long-endurance reconnaissance UAV systems
Recent Developments
(November 2025) Signed major international defense contract worth $2.3 billion, expanding European market presence
(Q3 2025) Achieved record order backlog of $25.2 billion with 52% non-GAAP EPS growth year-over-year
(2025) Expanded European production capacity and accelerated R&D in high-margin autonomous and cyber systems
Open the full interactive Elbit Systems Ltd. report
30-page strategic research, 15-min analyst-debate audio briefing, full Cyborg Score breakdown across 11 dimensions.