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Side-by-side financial comparison of ELBIT SYSTEMS LTD (ESLT) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $5.8M, roughly 1.1× ELBIT SYSTEMS LTD).

Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

ESLT vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.1× larger
IPM
$6.1M
$5.8M
ESLT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ESLT
ESLT
IPM
IPM
Revenue
$5.8M
$6.1M
Net Profit
$367.1K
Gross Margin
24.3%
53.1%
Operating Margin
8.3%
-13.4%
Net Margin
6.3%
Revenue YoY
2091.6%
Net Profit YoY
EPS (diluted)
$7.85
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ESLT
ESLT
IPM
IPM
Q4 25
$6.1M
Q3 25
$5.8M
$6.2M
Q2 25
$5.7M
Q1 25
$5.5M
Q4 23
$-7.3M
Q3 23
$2.8M
Q2 23
$3.0M
Q1 23
$2.6M
Net Profit
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
$367.1K
$-1.1M
Q2 25
$-1.1M
Q1 25
$808.5K
Q4 23
Q3 23
$-181.6K
Q2 23
$135.6K
Q1 23
$-738.3K
Gross Margin
ESLT
ESLT
IPM
IPM
Q4 25
53.1%
Q3 25
24.3%
50.7%
Q2 25
50.1%
Q1 25
55.3%
Q4 23
Q3 23
70.1%
Q2 23
73.8%
Q1 23
68.7%
Operating Margin
ESLT
ESLT
IPM
IPM
Q4 25
-13.4%
Q3 25
8.3%
-23.0%
Q2 25
-19.7%
Q1 25
-24.2%
Q4 23
Q3 23
-14.1%
Q2 23
-9.4%
Q1 23
-35.5%
Net Margin
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
6.3%
-17.4%
Q2 25
-18.3%
Q1 25
14.7%
Q4 23
Q3 23
-6.6%
Q2 23
4.6%
Q1 23
-28.8%
EPS (diluted)
ESLT
ESLT
IPM
IPM
Q4 25
$-0.05
Q3 25
$7.85
$-0.08
Q2 25
$-0.08
Q1 25
$0.06
Q4 23
$-0.03
Q3 23
$-0.02
Q2 23
$0.01
Q1 23
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESLT
ESLT
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$265.4K
$5.6M
Total DebtLower is stronger
$90.7K
Stockholders' EquityBook value
$3.3M
$18.2M
Total Assets
$11.0M
$26.0M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESLT
ESLT
IPM
IPM
Q4 25
$5.6M
Q3 25
$265.4K
$7.3M
Q2 25
$7.3M
Q1 25
$9.7M
Q4 23
$13.6M
Q3 23
$13.7M
Q2 23
$13.7M
Q1 23
$13.9M
Total Debt
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
$90.7K
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
Stockholders' Equity
ESLT
ESLT
IPM
IPM
Q4 25
$18.2M
Q3 25
$3.3M
$18.8M
Q2 25
$19.9M
Q1 25
$21.1M
Q4 23
$20.1M
Q3 23
$20.4M
Q2 23
$20.5M
Q1 23
$20.3M
Total Assets
ESLT
ESLT
IPM
IPM
Q4 25
$26.0M
Q3 25
$11.0M
$27.2M
Q2 25
$29.8M
Q1 25
$31.1M
Q4 23
$23.9M
Q3 23
$24.1M
Q2 23
$24.4M
Q1 23
$24.3M
Debt / Equity
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
0.03×
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESLT
ESLT
IPM
IPM
Operating Cash FlowLast quarter
$534.6K
$87.6K
Free Cash FlowOCF − Capex
$319.6K
FCF MarginFCF / Revenue
5.5%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESLT
ESLT
IPM
IPM
Q4 25
$87.6K
Q3 25
$534.6K
$133.0K
Q2 25
$-888.7K
Q1 25
$1.7M
Q4 23
$-99.0K
Q3 23
$16.1K
Q2 23
$-193.8K
Q1 23
$-803.0K
Free Cash Flow
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
$319.6K
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
FCF Margin
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
5.5%
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
Capex Intensity
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
3.7%
0.0%
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23
Cash Conversion
ESLT
ESLT
IPM
IPM
Q4 25
Q3 25
1.46×
Q2 25
Q1 25
2.16×
Q4 23
Q3 23
Q2 23
-1.43×
Q1 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESLT
ESLT

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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