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Side-by-side financial comparison of ELBIT SYSTEMS LTD (ESLT) and NovaBay Pharmaceuticals, Inc. (NBY). Click either name above to swap in a different company.

ELBIT SYSTEMS LTD is the larger business by last-quarter revenue ($5.8M vs $4.8M, roughly 1.2× NovaBay Pharmaceuticals, Inc.). ELBIT SYSTEMS LTD runs the higher net margin — 6.3% vs -25.5%, a 31.9% gap on every dollar of revenue. ELBIT SYSTEMS LTD produced more free cash flow last quarter ($319.6K vs $-1.7M).

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.

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on products for eye care. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

ESLT vs NBY — Head-to-Head

Bigger by revenue
ESLT
ESLT
1.2× larger
ESLT
$5.8M
$4.8M
NBY
Higher net margin
ESLT
ESLT
31.9% more per $
ESLT
6.3%
-25.5%
NBY
More free cash flow
ESLT
ESLT
$2.0M more FCF
ESLT
$319.6K
$-1.7M
NBY

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
ESLT
ESLT
NBY
NBY
Revenue
$5.8M
$4.8M
Net Profit
$367.1K
$-1.2M
Gross Margin
24.3%
65.2%
Operating Margin
8.3%
-37.2%
Net Margin
6.3%
-25.5%
Revenue YoY
126.1%
Net Profit YoY
70.5%
EPS (diluted)
$7.85

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
NBY
NBY
Q3 25
$5.8M
Q4 24
$4.8M
Q3 24
$0
Q2 24
$2.4M
Q1 24
$2.6M
Q4 23
$2.1M
Q3 23
$2.5M
Q2 23
$3.5M
Net Profit
ESLT
ESLT
NBY
NBY
Q3 25
$367.1K
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$-1.6M
Q1 24
$-3.2M
Q4 23
$-4.1M
Q3 23
$-1.8M
Q2 23
$-2.0M
Gross Margin
ESLT
ESLT
NBY
NBY
Q3 25
24.3%
Q4 24
65.2%
Q3 24
Q2 24
66.3%
Q1 24
68.2%
Q4 23
51.5%
Q3 23
67.0%
Q2 23
49.2%
Operating Margin
ESLT
ESLT
NBY
NBY
Q3 25
8.3%
Q4 24
-37.2%
Q3 24
Q2 24
-67.4%
Q1 24
-87.1%
Q4 23
-48.0%
Q3 23
-28.1%
Q2 23
-29.7%
Net Margin
ESLT
ESLT
NBY
NBY
Q3 25
6.3%
Q4 24
-25.5%
Q3 24
Q2 24
-66.0%
Q1 24
-122.2%
Q4 23
-195.5%
Q3 23
-70.8%
Q2 23
-57.6%
EPS (diluted)
ESLT
ESLT
NBY
NBY
Q3 25
$7.85
Q4 24
Q3 24
$-1.92
Q2 24
$-1.37
Q1 24
$-29.95
Q4 23
Q3 23
Q2 23

Balance Sheet & Financial Strength

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

Metric
ESLT
ESLT
NBY
NBY
Cash + ST InvestmentsLiquidity on hand
$265.4K
$430.0K
Total DebtLower is stronger
$90.7K
Stockholders' EquityBook value
$3.3M
$-129.0K
Total Assets
$11.0M
$3.4M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESLT
ESLT
NBY
NBY
Q3 25
$265.4K
Q4 24
$430.0K
Q3 24
$776.0K
Q2 24
$751.0K
Q1 24
$1.8M
Q4 23
$2.9M
Q3 23
$3.5M
Q2 23
$4.4M
Total Debt
ESLT
ESLT
NBY
NBY
Q3 25
$90.7K
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23
Stockholders' Equity
ESLT
ESLT
NBY
NBY
Q3 25
$3.3M
Q4 24
$-129.0K
Q3 24
$1.1M
Q2 24
$-617.0K
Q1 24
$160.0K
Q4 23
$3.3M
Q3 23
$7.0M
Q2 23
$8.6M
Total Assets
ESLT
ESLT
NBY
NBY
Q3 25
$11.0M
Q4 24
$3.4M
Q3 24
$3.9M
Q2 24
$3.9M
Q1 24
$5.4M
Q4 23
$9.0M
Q3 23
$12.9M
Q2 23
$16.0M
Debt / Equity
ESLT
ESLT
NBY
NBY
Q3 25
0.03×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Q2 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
NBY
NBY
Operating Cash FlowLast quarter
$534.6K
$-1.7M
Free Cash FlowOCF − Capex
$319.6K
$-1.7M
FCF MarginFCF / Revenue
5.5%
-35.4%
Capex IntensityCapex / Revenue
3.7%
0.1%
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
NBY
NBY
Q3 25
$534.6K
Q4 24
$-1.7M
Q3 24
$-2.4M
Q2 24
$-1.4M
Q1 24
$-2.0M
Q4 23
$-592.0K
Q3 23
$-646.0K
Q2 23
$-1.7M
Free Cash Flow
ESLT
ESLT
NBY
NBY
Q3 25
$319.6K
Q4 24
$-1.7M
Q3 24
Q2 24
Q1 24
$-2.0M
Q4 23
$-595.0K
Q3 23
$-647.0K
Q2 23
$-1.7M
FCF Margin
ESLT
ESLT
NBY
NBY
Q3 25
5.5%
Q4 24
-35.4%
Q3 24
Q2 24
Q1 24
-75.3%
Q4 23
-28.3%
Q3 23
-26.1%
Q2 23
-48.3%
Capex Intensity
ESLT
ESLT
NBY
NBY
Q3 25
3.7%
Q4 24
0.1%
Q3 24
Q2 24
0.0%
Q1 24
0.1%
Q4 23
0.1%
Q3 23
0.0%
Q2 23
0.1%
Cash Conversion
ESLT
ESLT
NBY
NBY
Q3 25
1.46×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESLT
ESLT

Segment breakdown not available.

NBY
NBY

Other$2.4M51%
Total Product Revenue$2.3M49%

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