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Side-by-side financial comparison of ELBIT SYSTEMS LTD (ESLT) and Red Cat Holdings, Inc. (RCAT). Click either name above to swap in a different company.

Red Cat Holdings, Inc. is the larger business by last-quarter revenue ($9.6M vs $5.8M, roughly 1.7× ELBIT SYSTEMS LTD). ELBIT SYSTEMS LTD runs the higher net margin — 6.3% vs -166.0%, a 172.4% gap on every dollar of revenue. ELBIT SYSTEMS LTD produced more free cash flow last quarter ($319.6K vs $-24.5M).

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.

Mega Cat Studios is an American video game development and publishing company located in Pittsburgh, Pennsylvania. It was founded in 2015 by James Deighan, Nick Mann, and Zack Manko.

ESLT vs RCAT — Head-to-Head

Bigger by revenue
RCAT
RCAT
1.7× larger
RCAT
$9.6M
$5.8M
ESLT
Higher net margin
ESLT
ESLT
172.4% more per $
ESLT
6.3%
-166.0%
RCAT
More free cash flow
ESLT
ESLT
$24.8M more FCF
ESLT
$319.6K
$-24.5M
RCAT

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ESLT
ESLT
RCAT
RCAT
Revenue
$5.8M
$9.6M
Net Profit
$367.1K
$-16.0M
Gross Margin
24.3%
6.6%
Operating Margin
8.3%
-181.7%
Net Margin
6.3%
-166.0%
Revenue YoY
988.2%
Net Profit YoY
-29.0%
EPS (diluted)
$7.85
$-0.16

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
RCAT
RCAT
Q3 25
$5.8M
$9.6M
Q1 25
$1.6M
Q4 24
$0
Q1 24
$5.8M
Q2 22
$1.3M
Q1 22
$1.9M
Net Profit
ESLT
ESLT
RCAT
RCAT
Q3 25
$367.1K
$-16.0M
Q1 25
$-23.1M
Q4 24
$-13.3M
Q1 24
$-5.5M
Q2 22
$-4.8M
Q1 22
$-2.6M
Gross Margin
ESLT
ESLT
RCAT
RCAT
Q3 25
24.3%
6.6%
Q1 25
-52.2%
Q4 24
Q1 24
18.8%
Q2 22
25.2%
Q1 22
18.3%
Operating Margin
ESLT
ESLT
RCAT
RCAT
Q3 25
8.3%
-181.7%
Q1 25
-765.7%
Q4 24
Q1 24
-76.0%
Q2 22
Q1 22
Net Margin
ESLT
ESLT
RCAT
RCAT
Q3 25
6.3%
-166.0%
Q1 25
-1418.9%
Q4 24
Q1 24
-93.9%
Q2 22
-367.8%
Q1 22
-138.1%
EPS (diluted)
ESLT
ESLT
RCAT
RCAT
Q3 25
$7.85
$-0.16
Q1 25
$-0.27
Q4 24
Q1 24
Q2 22
Q1 22

Balance Sheet & Financial Strength

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

Metric
ESLT
ESLT
RCAT
RCAT
Cash + ST InvestmentsLiquidity on hand
$265.4K
Total DebtLower is stronger
$90.7K
Stockholders' EquityBook value
$3.3M
$253.3M
Total Assets
$11.0M
$286.0M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESLT
ESLT
RCAT
RCAT
Q3 25
$265.4K
Q1 25
Q4 24
Q1 24
Q2 22
Q1 22
Total Debt
ESLT
ESLT
RCAT
RCAT
Q3 25
$90.7K
Q1 25
Q4 24
Q1 24
Q2 22
Q1 22
Stockholders' Equity
ESLT
ESLT
RCAT
RCAT
Q3 25
$3.3M
$253.3M
Q1 25
$28.9M
Q4 24
$27.0M
Q1 24
$49.6M
Q2 22
Q1 22
$83.3M
Total Assets
ESLT
ESLT
RCAT
RCAT
Q3 25
$11.0M
$286.0M
Q1 25
$59.7M
Q4 24
$51.1M
Q1 24
$55.3M
Q2 22
$85.1M
Q1 22
$90.4M
Debt / Equity
ESLT
ESLT
RCAT
RCAT
Q3 25
0.03×
Q1 25
Q4 24
Q1 24
Q2 22
Q1 22

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
RCAT
RCAT
Operating Cash FlowLast quarter
$534.6K
$-23.9M
Free Cash FlowOCF − Capex
$319.6K
$-24.5M
FCF MarginFCF / Revenue
5.5%
-254.2%
Capex IntensityCapex / Revenue
3.7%
6.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESLT
ESLT
RCAT
RCAT
Q3 25
$534.6K
$-23.9M
Q1 25
$-15.9M
Q4 24
$-10.1M
Q1 24
$-4.1M
Q2 22
$-4.0M
Q1 22
$-3.5M
Free Cash Flow
ESLT
ESLT
RCAT
RCAT
Q3 25
$319.6K
$-24.5M
Q1 25
$-16.2M
Q4 24
$-10.2M
Q1 24
$-4.2M
Q2 22
Q1 22
$-3.5M
FCF Margin
ESLT
ESLT
RCAT
RCAT
Q3 25
5.5%
-254.2%
Q1 25
-992.9%
Q4 24
Q1 24
-71.1%
Q2 22
Q1 22
-190.3%
Capex Intensity
ESLT
ESLT
RCAT
RCAT
Q3 25
3.7%
6.9%
Q1 25
16.8%
Q4 24
Q1 24
0.8%
Q2 22
Q1 22
3.4%
Cash Conversion
ESLT
ESLT
RCAT
RCAT
Q3 25
1.46×
Q1 25
Q4 24
Q1 24
Q2 22
Q1 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESLT
ESLT

Segment breakdown not available.

RCAT
RCAT

Products$8.5M88%
Services$1.2M12%

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