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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2025
Stockholders' Equity Note [Abstract] |
Stock Options Activity | The following is a summary of Elbit Systems' options activity under the equity incentive plans:
| Number of options 2025 |  | Weighted average exercise price 2025 |  | Number of options 2024 |  | Weighted average exercise price 2024
Outstanding - beginning of the year | 2,863,082 |  |  | 186.90 |  |  | 1,452,821 |  |  | 163.30 |
Granted | 121,200 |  |  | 497.50 |  |  | 1,743,650 |  |  | 201.53 |
Exercised | (546,724) |  |  | 157.94 |  |  | (293,049) |  |  | 156.89 |
Forfeited | (29,140) |  |  | 196.01 |  |  | (40,340) |  |  | 187.20 |
Outstanding - end of the year | 2,408,418 |  |  | 208.99 |  |  | 2,863,082 |  |  | 186.90 |
Compensation Expenses Before Tax | Compensation expenses related to the Equity Incentive Plans amounted to $26,391, $15,760 and $12,141 for the three years ended December 31, 2025, 2024 and 2023 respectively, which were recognized, as follows:
| Year ended December 31, 2025 |  | Year ended December 31, 2024 |  | Year ended December 31, 2023
Cost of revenues | $ | 3,960 |  |  | $ | 2,365 |  |  | $ | 1,822 |
General and administration expenses | 22,431 |  |  | 13,395 |  |  | 10,319 |
| $ | 26,391 |  |  | $ | 15,760 |  |  | $ | 12,141 |
The Company recorded an amount of approximately $1,868, $1,101 and $10,589, during the three years ended December 31, 2025, 2024 and 2023, respectively, as compensation costs related to the phantom bonus units granted under the 2018 Phantom Plan, as follows:
| Year ended December 31, 2025 |  | Year ended December 31, 2024 |  | Year ended December 31, 2023
Cost of revenues | $ | 1,481 |  |  | $ | 575 |  |  | $ | 6,164 |
General and administration expenses | 281 |  |  | 460 |  |  | 2,635 |
Marketing and selling | 106 |  |  | 66 |  |  | 1,790 |
| $ | 1,868 |  |  | $ | 1,101 |  |  | $ | 10,589 |
Computation Of Basic And Diluted Net Earnings Per Share | Computation of basic and diluted net earnings per share:
| Net income to shareholders of ordinary shares Year ended December 31, 2025 | Weighted average number of shares (*) Year ended December 31, 2025 | Per share amount Year ended December 31, 2025 |  | Net income to shareholders of ordinary shares Year ended December 31, 2024 | Weighted average number of shares (*) Year ended December 31, 2024 | Per share amount Year ended December 31, 2024
Basic net earnings | $ | 534,339 |  | 45,710 |  | $ | 11.69 |  |  | $ | 321,138 |  | 44,480 |  | $ | 7.22 |
Effect of dilutive securities: |  |  |  |  |  |  |
Employee stock options | — |  | 1,208 |  | (0.30) |  | — |  | 229 |  | (0.04)
Diluted net earnings | $ | 534,339 |  | 46,918 |  | $ | 11.39 |  |  | $ | 321,138 |  | 44,709 |  | $ | 7.18 |
(*) In thousands

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