Elbit Systems
ESLT · Aerospace & Defense
$735.34
1.1%TransDigm Group
TDG · Aerospace & Defense
$1,104.84
3.2%The short version
- TransDigm Group is the larger business, with $8.8B of revenue in fiscal 2025 against $7.9B for Elbit Systems.
- Elbit Systems grew revenue faster (16.3%, against 11.2%).
- TransDigm Group kept more of each dollar of sales as operating profit (47.2% operating margin, against 8.5% operating margin).
- TransDigm Group turned more of its sales into free cash flow (20.6% FCF margin, against 7.0% FCF margin).
- TransDigm Group earned a higher return on the capital invested in it (22.5%, against 18.0%).
| Latest fiscal year | ESLT · FY25 | TDG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $34.5B | $63.4B |
| Revenue | $7.9B | $8.8B |
| Free cash flow | $553M | $1.8B |
| Net income | $534M | $2.1B |
| Growth | ||
| Revenue growth | 16.3% | 11.2% |
| 5-year growth | 11.2% | 11.6% |
| Share count change | 4.9% | 0.7% |
| Profitability | ||
| Gross margin | 24.4% | 60.1% |
| Operating margin | 8.5% | 47.2% |
| Net margin | 6.7% | 23.5% |
| FCF margin | 7.0% | 20.6% |
| Return on capital | 18.0% | 22.5% |
| Return on equity | 14.4% | — |
| Balance sheet | ||
| Net debt | −$534M | $26.8B |
| Net debt / EBITDA | −0.6x | 5.9x |
| Dividends and buybacks | $112M | $659M |
| Valuation & quality | ||
| P/E | — | 33.5x |
| Piotroski F-score | 8 | 4 |
FY16
ESLT $3.3B
TDG $3.2B
FY17
ESLT $3.4B
TDG $3.5B
FY18
ESLT $3.7B
TDG $3.8B
FY19
ESLT $4.5B
TDG $5.2B
FY20
ESLT $4.7B
TDG $5.1B
FY21
ESLT $5.3B
TDG $4.8B
FY22
ESLT $5.5B
TDG $5.4B
FY23
ESLT $6.0B
TDG $6.6B
FY24
ESLT $6.8B
TDG $7.9B
FY25
ESLT $7.9B
TDG $8.8B
ESLT
TDG
FY16
ESLT 9.4%
TDG 40.0%
FY17
ESLT 9.6%
TDG 42.3%
FY18
ESLT 8.0%
TDG 43.4%
FY19
ESLT 7.1%
TDG 36.9%
FY20
ESLT 7.0%
TDG 34.3%
FY21
ESLT 7.9%
TDG 35.2%
FY22
ESLT 6.7%
TDG 40.8%
FY23
ESLT 6.2%
TDG 44.4%
FY24
ESLT 7.2%
TDG 44.5%
FY25
ESLT 8.5%
TDG 47.2%
ESLT
TDG
FY16
ESLT $83.8M
TDG $639M
FY17
ESLT −$7.0M
TDG $718M
FY18
ESLT $89.4M
TDG $949M
FY19
ESLT −$191M
TDG $913M
FY20
ESLT $147M
TDG $1.1B
FY21
ESLT $228M
TDG $808M
FY22
ESLT $35.0M
TDG $829M
FY23
ESLT −$73.3M
TDG $1.2B
FY24
ESLT $320M
TDG $1.9B
FY25
ESLT $553M
TDG $1.8B
ESLT
TDG
FY16
ESLT 17.6%
TDG 13.7%
FY17
ESLT 16.4%
TDG 14.3%
FY18
ESLT 13.7%
TDG 19.5%
FY19
ESLT 12.8%
TDG 14.6%
FY20
ESLT 11.5%
TDG 13.3%
FY21
ESLT 10.9%
TDG 14.0%
FY22
ESLT 12.3%
TDG 13.7%
FY23
ESLT 11.7%
TDG 16.4%
FY24
ESLT 14.5%
TDG 20.8%
FY25
ESLT 18.0%
TDG 22.5%
ESLT
TDG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.