ESLT vs NXSNF: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of October 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. ESLT and NXSNF share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined ESLT and NXSNF exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Elbit Systems Ltd (Nasdaq and Tel Aviv: ESLT) is an Israel-based defense technology company that develops, manufactures, integrates and sustains military systems across land, sea, air, cyber and space domains. Its portfolio spans C4ISR (command, control and intelligence systems), electro-optics and thermal imaging, unmanned aerial and ground systems, precision munitions and artillery rockets (including its PULS launcher), helmet-mounted displays for pilots, and electronic warfare. The company employs about 21,000 people across five continents and generates a large share of sales from export customers, with roughly 72% of its order backlog attributable to orders from outside Israel as of the end of 2025.

Full ESLT guide

NextVision Stabilized Systems designs and sells small, lightweight, gyro-stabilized camera payloads (gimbals) that sit under drones, tethered aerostats, and ground or naval vehicles. Its cameras combine day and thermal imaging with onboard tracking software in units that often weigh well under a kilogram, which matters because every gram on a small drone costs flight time. NextVision mostly sells to drone and system makers rather than directly to armies, so its products end up inside other companies' aircraft. The company is based in Israel, listed on the Tel Aviv Stock Exchange in 2021, joined the TA-35 index, and its shares in the US trade over the counter as NXSNF, a foreign ordinary-share line priced in dollars that tracks the shekel-denominated Tel Aviv shares.

Full NXSNF guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• ESLT drivers: Record backlog and revenue visibility; European rearmament tailwind.
• NXSNF drivers: Drone volumes as a consumable market; Production capacity and margins.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The most cited risk is valuation: ESLT trades at about 56 times trailing earnings and 41 times forward earnings as of October 2026, far above the industrials-sector average, so disappointing execution could compress the multiple sharply. For NXSNF, the biggest risk is that demand is linked to active conflicts and emergency defense budgets.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick ESLT if you believe its drivers more; NXSNF if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the ESLT and NXSNF guides.

ESLT. As of October 16, 2026, ESLT traded around $745 per share with a market cap near $35 billion, roughly 56 times trailing earnings and 41 times forward earnings, with EV/EBITDA near 35x. The premium reflects a record backlog, mid-teens revenue growth and consistent earnings beats. Q3 2026 results are scheduled for November 24, with consensus near $3.89 EPS on about $2.26 billion of revenue.

NXSNF. Trailing figures combine reported 2025 results (~$168 million revenue, ~$104 million net income) with first-half 2026 results (~$156 million revenue, ~$92 million net income). The market value has swung widely, from near NIS 36 billion in March 2026 to roughly NIS 20 billion in August, so multiples move quickly with the share price and the shekel. On the 2026 revenue target the stock trades at roughly 17x to 20x sales, a premium that assumes much of the current growth and profitability holds beyond the present wave of drone procurement.

Headline figures (approximate, October 2026): ESLT shows revenue (ttm) ~$8.55B, revenue growth (q2 2026, yoy) ~16%, margins (operating / net) ~9.6% / ~7.4%, eps (ttm) ~$13.29; NXSNF shows revenue (ttm) ~$250M, net income (ttm) ~$170M, 2026 revenue target ~$355M, market cap ~$6B to $7B.

ESLT and NXSNF are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined ESLT and NXSNF exposure against your real portfolio. It is not an investment adviser.