ESLT vs. BYRN

Last updated Apr 1, 2026

Compare and contrast key facts about Elbit Systems Ltd (ESLT) and Byrna Technologies Inc. (BYRN).

Performance

ESLT vs. BYRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elbit Systems Ltd (ESLT) and Byrna Technologies Inc. (BYRN). The values are adjusted to include any dividend payments, if applicable.

ESLT vs. BYRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESLT Elbit Systems Ltd	46.98%	125.14%	22.17%	31.30%	-4.82%	34.77%	-14.56%	37.62%	-13.22%	32.65%
BYRN Byrna Technologies Inc.	-45.32%	-41.72%	350.86%	-18.49%	-41.27%	-7.93%	663.16%	26.67%	7.14%	-30.00%

Fundamentals

Market Cap ESLT : $40.55B BYRN : $220.48M
EPS ESLT : $11.48 BYRN : $0.40
PE Ratio ESLT : 73.98 BYRN : 22.76
PS Ratio ESLT : 4.99 BYRN : 1.87
PB Ratio ESLT : 9.82 BYRN : 3.35
Total Revenue (TTM) ESLT : $8.07B BYRN : $118.12M
Gross Profit (TTM) ESLT : $1.97B BYRN : $71.47M
EBITDA (TTM) ESLT : $861.41M BYRN : $13.46M

Returns By Period

In the year-to-date period, ESLT achieves a 46.98% return, which is significantly higher than BYRN's -45.32% return. Over the past 10 years, ESLT has underperformed BYRN with an annualized return of 26.11%, while BYRN has yielded a comparatively higher 33.78% annualized return.

ESLT

• 1D: 3.96%
• 1M: 10.41%
• YTD: 46.98%
• 6M: 67.02%
• 1Y: 122.57%
• 3Y*: 72.31%
• 5Y*: 43.97%
• 10Y*: 26.11%

BYRN

• 1D: 3.73%
• 1M: -28.17%
• YTD: -45.32%
• 6M: -58.57%
• 1Y: -45.49%
• 3Y*: 6.55%
• 5Y*: -6.29%
• 10Y*: 33.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ESLT vs. BYRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESLT

ESLT Risk / Return Rank: 96
ESLT Sharpe Ratio Rank: 97
ESLT Sortino Ratio Rank: 95
ESLT Omega Ratio Rank: 94
ESLT Calmar Ratio Rank: 96
ESLT Martin Ratio Rank: 97

BYRN

BYRN Risk / Return Rank: 18
BYRN Sharpe Ratio Rank: 14
BYRN Sortino Ratio Rank: 15
BYRN Omega Ratio Rank: 17
BYRN Calmar Ratio Rank: 20
BYRN Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESLT vs. BYRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) and Byrna Technologies Inc. (BYRN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ESLT	BYRN	Difference
Sharpe ratio Return per unit of total volatility	3.00	-0.65	+3.65
Sortino ratio Return per unit of downside risk	3.54	-0.76	+4.30
Omega ratio Gain probability vs. loss probability	1.47	0.91	+0.56
Calmar ratio Return relative to maximum drawdown	6.17	-0.63	+6.80
Martin ratio Return relative to average drawdown	21.51	-1.12	+22.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESLT vs. BYRN - Sharpe Ratio Comparison

The current ESLT Sharpe Ratio is 3.00, which is higher than the BYRN Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of ESLT and BYRN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ESLT	BYRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	-0.65	+3.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.37	-0.09	+1.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.20	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.05	+0.58

Correlation

The correlation between ESLT and BYRN is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ESLT vs. BYRN - Dividend Comparison

ESLT's dividend yield for the trailing twelve months is around 0.32%, while BYRN has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESLT Elbit Systems Ltd	0.32%	0.47%	0.77%	0.94%	1.22%	1.03%	1.28%	1.14%	1.54%	1.32%	1.57%	1.63%
BYRN Byrna Technologies Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ESLT vs. BYRN - Drawdown Comparison

The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum BYRN drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for ESLT and BYRN.

Drawdown Indicators

	ESLT	BYRN	Difference
Max Drawdown Largest peak-to-trough decline	-53.79%	-92.51%	+38.72%
Max Drawdown (1Y) Largest decline over 1 year	-19.48%	-73.78%	+54.30%
Max Drawdown (5Y) Largest decline over 5 years	-32.89%	-92.51%	+59.62%
Max Drawdown (10Y) Largest decline over 10 years	-32.89%	-92.51%	+59.62%
Current Drawdown Current decline from peak	-16.29%	-73.15%	+56.86%
Average Drawdown Average peak-to-trough decline	-13.90%	-51.99%	+38.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	41.24%	-35.65%

Volatility

ESLT vs. BYRN - Volatility Comparison

Elbit Systems Ltd (ESLT) has a higher volatility of 21.80% compared to Byrna Technologies Inc. (BYRN) at 16.55%. This indicates that ESLT's price experiences larger fluctuations and is considered to be riskier than BYRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESLT	BYRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.80%	16.55%	+5.25%
Volatility (6M) Calculated over the trailing 6-month period	31.16%	44.57%	-13.41%
Volatility (1Y) Calculated over the trailing 1-year period	41.06%	70.18%	-29.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.18%	72.38%	-40.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.60%	168.26%	-139.66%

Financials

ESLT vs. BYRN - Profitability Comparison

The chart below illustrates the profitability comparison between Elbit Systems Ltd and Byrna Technologies Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ESLT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Elbit Systems Ltd reported a gross profit of 540.72M and revenue of 2.19B. Therefore, the gross margin over that period was 24.7%.

BYRN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Byrna Technologies Inc. reported a gross profit of 21.06M and revenue of 35.25M. Therefore, the gross margin over that period was 59.8%.

ESLT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Elbit Systems Ltd reported an operating income of 196.43M and revenue of 2.19B, resulting in an operating margin of 9.0%.

BYRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Byrna Technologies Inc. reported an operating income of 3.95M and revenue of 35.25M, resulting in an operating margin of 11.2%.

ESLT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Elbit Systems Ltd reported a net income of 171.63M and revenue of 2.19B, resulting in a net margin of 7.8%.

BYRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Byrna Technologies Inc. reported a net income of 3.36M and revenue of 35.25M, resulting in a net margin of 9.5%.