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Astronics vs Elbit Systems: revenue, profit, margins and growth compared

Astronics brought in $862.1M of revenue in fiscal 2025, Elbit Systems $7.9B in fiscal 2025. Revenue changed by +8.4% at Astronics and +16.3% at Elbit Systems on the year before, so Elbit Systems grew faster. Astronics kept 3.4% of its revenue as net profit, Elbit Systems 6.7%. Free cash flow was $43.1M at Astronics and $552.8M at Elbit Systems.

Side by side, latest fiscal year

ATROESLT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$862.1M$7.9B
Revenue growth+8.4%+16.3%
Net income$29.4M$534.3M
Net margin3.4%6.7%
Free cash flow$43.1M$552.8M
Free cash flow margin5.0%7.0%
Earnings per share (diluted)$0.81$11.39
Cash$18.2M$635.1M
Debt$334.5M$101.5M
Price to earnings83.5n/a
Market value$2.9B$32.8B
Dividend yieldn/an/a
Rank by revenue in sector#293 of 587 · Industrials#85 of 587 · Industrials

Over the years

Revenue
ATRO FY2018: $803.3MATRO FY2019: $772.7MATRO FY2020: $502.6MATRO FY2021: $444.9MATRO FY2022: $534.9MATRO FY2023: $689.2MATRO FY2024: $795.4MATRO FY2025: $862.1MESLT FY2018: $3.7BESLT FY2019: $4.5BESLT FY2020: $4.7BESLT FY2021: $5.3BESLT FY2022: $5.5BESLT FY2023: $6BESLT FY2024: $6.8BESLT FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
ATRO $862.1MESLT $7.9B
Net income
ATRO FY2018: $46.8MATRO FY2019: $52MATRO FY2020: -$115.8MATRO FY2021: -$25.6MATRO FY2022: -$35.7MATRO FY2023: -$26.4MATRO FY2024: -$16.2MATRO FY2025: $29.4MESLT FY2018: $206.7MESLT FY2019: $227.9MESLT FY2020: $237.7MESLT FY2021: $274.4MESLT FY2022: $275.4MESLT FY2023: $215.1MESLT FY2024: $321.1MESLT FY2025: $534.3MFY18FY19FY20FY21FY22FY23FY24FY25
ATRO $29.4MESLT $534.3M
Net margin
ATRO FY2018: 5.8%ATRO FY2019: 6.7%ATRO FY2020: -23.0%ATRO FY2021: -5.7%ATRO FY2022: -6.7%ATRO FY2023: -3.8%ATRO FY2024: -2.0%ATRO FY2025: 3.4%ESLT FY2018: 5.6%ESLT FY2019: 5.1%ESLT FY2020: 5.1%ESLT FY2021: 5.2%ESLT FY2022: 5.0%ESLT FY2023: 3.6%ESLT FY2024: 4.7%ESLT FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
ATRO 3.4%ESLT 6.7%
Revenue growth
ATRO FY2019: -3.8%ATRO FY2020: -35.0%ATRO FY2021: -11.5%ATRO FY2022: +20.2%ATRO FY2023: +28.8%ATRO FY2024: +15.4%ATRO FY2025: +8.4%ESLT FY2019: +22.4%ESLT FY2020: +3.4%ESLT FY2021: +13.2%ESLT FY2022: +4.4%ESLT FY2023: +8.4%ESLT FY2024: +14.3%ESLT FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
ATRO +8.4%ESLT +16.3%
Free cash flow
ATRO FY2018: $38.6MATRO FY2019: $30.6MATRO FY2020: $29.9MATRO FY2021: -$11.6MATRO FY2022: -$36MATRO FY2023: -$31.6MATRO FY2024: $22.1MATRO FY2025: $43.1MESLT FY2018: $89.4MESLT FY2019: -$190.9MESLT FY2020: $146.6MESLT FY2021: $228.3MESLT FY2022: $35MESLT FY2023: -$73.3MESLT FY2024: $319.6MESLT FY2025: $552.8MFY18FY19FY20FY21FY22FY23FY24FY25
ATRO $43.1MESLT $552.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Astronics and Elbit Systems

Which is bigger by revenue, Astronics or Elbit Systems?

Elbit Systems is bigger by revenue: $7.9B in fiscal 2025, against $862.1M for Astronics in fiscal 2025.

Which keeps more of its revenue as profit, Astronics or Elbit Systems?

Astronics had a net margin of 3.4% in fiscal 2025; Elbit Systems had 6.7% in fiscal 2025.

Which grew revenue faster, Astronics or Elbit Systems?

In their latest fiscal years revenue changed by +8.4% at Astronics and +16.3% at Elbit Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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