Yaacov Kagan on backlog growth
From Elbit Systems Q4 2025 Earnings Call · · Investing 101
“Our backlog of orders as of December 31st, 2025, was $28.1 billion, approximately $5.5 billion higher than the backlog at the end of 2024. Approximately 72% of the current backlog was generated from outside of Israel.”
On , Yaacov Kagan, EVP & CFO at Elbit Systems, spoke about backlog growth during Elbit Systems Q4 2025 Earnings Call on Investing 101.
About Yaacov Kagan
Yaacov Kagan, EVP and CFO of Elbit Systems, participated in the company’s fourth quarter 2025 earnings call on March 22, 2026, and the annual investor conference on March 17, 2026. During the earnings call, Kagan stated that the company closed “another strong year and quarter, delivering double-digit growth in revenues, operating profit, EPS, and backlog, which grew by $5.5 billion in 2025.” He also reported that the company generated “record free cash flow surpassing the half billion dollar mark.” Kagan noted that the backlog of orders as of December 31, 2025, was $28.1 billion, approximately $5.5 billion higher than at the end of 2024, with about 72% of that backlog generated from outside of Israel. At the investor conference, Kagan presented financial highlights for 2025. The event was held at the Tel Aviv Stock Exchange and broadcast online. The company’s CEO, Bezhalel Machlis, discussed recent business developments, including the company’s role in various defense systems and its expansion in Europe and other markets.