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Financials · ESAB

ESAB Corporation (ESAB) financials

For the twelve months ended Oct 2, 2026, ESAB Corporation reported $3.10B of revenue and $159.82M of net income.

Revenue, TTM
$3.10B
Revenue growth, YoY
+11.0%
Net income, TTM
$159.82M
Net income growth, YoY
-35.2%
Net margin
5.2%
Free cash flow, TTM
$180.74M
EPS, diluted, TTM
$2.44
EPS growth, YoY
-38.4%
Cash
$188.65M
Total debt
$2.33B
P/E
32.22
P/S
1.66
Market cap
$5.15B
Annual revenue$2.84B
FY2020FY2025
Annual net income$226.77M
FY2020FY2025
Annual free cash flow$213.28M
FY2020FY2025

ESAB revenue and earnings growth

ESAB revenueQ3 2026$824.52M

Quarter YoY
+13.3%
QoQ
+2.1%
FY YoY
+3.7%
5Y CAGR
+7.8%

ESAB revenue was $824.52M in fiscal Q3 2026 (ended Oct 2, 2026), up 13.3% from a year earlier and up 2.1% from the prior quarter. For the full fiscal 2025 it was $2.84B, up 3.7% from fiscal 2024. Compound annual growth was +7.8% over 5 years. It rose in 4 of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ESAB net incomeQ3 2026$38.92M

Quarter YoY
-29.0%
QoQ
+14.5%
FY YoY
-14.4%
5Y CAGR
+7.6%

ESAB net income was $38.92M in fiscal Q3 2026 (ended Oct 2, 2026), down 29.0% from a year earlier and up 14.5% from the prior quarter. For the full fiscal 2025 it was $226.77M, down 14.4% from fiscal 2024. Compound annual growth was +7.6% over 5 years. It rose in 2 of the last 5 fiscal years.

ESAB EPSQ3 2026$0.58

Quarter YoY
-35.6%
QoQ
+16.0%
FY YoY
-14.8%
5Y CAGR
+7.0%

ESAB diluted EPS was $0.58 in fiscal Q3 2026 (ended Oct 2, 2026), down 35.6% from a year earlier and up 16.0% from the prior quarter. For the full fiscal 2025 it was $3.67, down 14.8% from fiscal 2024. Compound annual growth was +7.0% over 5 years.

ESAB free cash flowQ3 2026$54.43M

Quarter YoY
-22.6%
QoQ
+247.2%
FY YoY
-29.8%
5Y CAGR
-4.5%

ESAB free cash flow was $54.43M in fiscal Q3 2026 (ended Oct 2, 2026), down 22.6% from a year earlier and up 247.2% from the prior quarter. For the full fiscal 2025 it was $213.28M, down 29.8% from fiscal 2024. Compound annual growth was -4.5% over 5 years. It rose in 2 of the last 5 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$2.84B$2.74B$2.77B$2.59B$2.43B$1.95B
Cost of revenue$1.79B$1.70B$1.76B$1.71B$1.59B$1.27B
Gross profit$1.05B$1.04B$1.02B$885.53M$837.98M$682.47M
Research and development$44.00M$39.20M$38.80M$36.00M$39.70M$34.80M
Selling, general and admin$608.42M$579.78M$587.48M$533.37M$512.82M$458.71M
Operating income$412.17M$447.45M$404.17M$329.06M$306.21M$202.13M
Pre-tax income$328.26M$370.40M$319.09M$300.25M$319.09M$205.84M
Income tax$69.16M$77.35M$95.73M$69.17M$80.41M$45.97M
Net income$226.77M$264.84M$216.07M$225.22M$235.11M$157.41M
EPS, basic$3.71$4.36$3.39$3.70$3.92$2.62
EPS, diluted$3.67$4.31$3.36$3.69$3.92$2.62
Diluted shares61.3M61.1M60.7M60.2M60.0M60.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$185.86M$249.36M$102.00M$72.02M$41.21M$49.21M
Receivables$451.30M$370.32M$385.20M$374.33M$383.50M-
Inventory$481.76M$403.71M$392.86M$416.83M$420.06M-
Current assets$1.26B$1.15B$997.72M$988.67M$964.07M-
Goodwill$1.95B$1.65B$1.59B$1.53B$1.53B$1.55B
Total assets$4.77B$4.03B$3.83B$3.75B$3.46B-
Current liabilities$664.79M$632.05M$620.08M$601.58M$596.59M-
Short-term debt$2.41M$15.00M$0---
Long-term debt$1.23B$1.06B$1.02B$1.22B$0-
Total debt$1.23B$1.08B$1.02B$1.22B$0-
Total liabilities$2.55B$2.23B$2.18B$2.37B$959.53M-
Shareholders' equity$2.17B$1.81B$1.65B$1.39B$2.50B$2.54B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$260.57M$355.40M$330.49M$214.36M$250.74M$309.18M
Capital expenditures$47.29M$51.78M$48.18M$40.24M$35.58M$40.14M
Free cash flow$213.28M$303.62M$282.32M$174.12M$215.15M$269.04M
Investing cash flow-$479.88M-$205.70M-$62.24M-$184.42M-$35.27M-$34.57M
Financing cash flow$113.70M$31.67M-$219.72M$7.56M-$221.57M-$326.42M
Dividends paid$21.91M$16.99M$13.34M$6.05M$0$0
Stock-based compensation$16.94M$19.78M$16.12M$12.96M$6.27M$6.44M
Depreciation and amortization$84.11M$66.79M$75.03M$65.98M$75.90M$76.64M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY3.7%-1.2%7.0%6.8%24.5%-
Net income growth, YoY-14.4%22.6%-4.1%-4.2%49.4%-
EPS growth, YoY-14.8%28.3%-8.9%-5.9%49.6%-
Gross margin36.9%37.9%36.6%34.1%34.5%35.0%
Operating margin14.5%16.3%14.6%12.7%12.6%10.4%
Net margin8.0%9.7%7.8%8.7%9.7%8.1%
Free cash flow margin7.5%11.1%10.2%6.7%8.9%13.8%
Return on equity10.5%14.6%13.1%16.2%9.4%6.2%
Return on assets4.8%6.6%5.6%6.0%6.8%-
Current ratio1.901.821.611.641.62-
Debt to equity0.570.590.620.880.00-

Source: XBRL data ESAB Corporation files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ESAB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ESAB$3.10B+11.0%$159.82M5.2%$5.15B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
ETN$31.98B+20.1%$3.90B12.2%$132.76B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B

ESAB FAQ

9 questions
  • What is ESAB revenue?
    ESAB Corporation (ESAB) reported $3.10B of revenue for the twelve months ended Oct 2, 2026. That is up 11.0% from the year before. Revenue for fiscal 2025 was $2.84B.
  • Is ESAB profitable?
    Yes. ESAB Corporation earned $159.82M in net income for the twelve months ended Oct 2, 2026, a net margin of 5.2%.
  • How much cash and debt does ESAB have?
    ESAB Corporation reported $188.65M in cash and cash equivalents and $2.33B of debt on its most recent balance sheet in SEC filings.
  • How fast is ESAB revenue growing?
    ESAB Corporation's revenue changed +3.7% in fiscal 2025, to $2.84B. Its compound annual growth rate was +7.8% over 5 years.
  • What is ESAB gross margin?
    ESAB Corporation's gross profit was $1.16B on $3.10B of revenue for the twelve months ended Oct 2, 2026, a gross margin of 37.6%.
  • What is ESAB free cash flow?
    ESAB Corporation generated $180.74M of free cash flow for the twelve months ended Oct 2, 2026, which is operating cash flow of $250.07M less capital expenditures.
  • What is ESAB earnings per share?
    Diluted earnings per share were $2.44 for the twelve months ended Oct 2, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ESAB last report financial results?
    The latest statements here come from ESAB Corporation's 10-Q filed on Nov 4, 2026, covering the period ended Oct 2, 2026.
  • Where does this ESAB financial data come from?
    Quantisnow builds these statements from the structured XBRL data ESAB Corporation files with the SEC. It is provided for information only and is not investment advice.