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Stock research / United States / ESAB · General Industrial Machinery & Equipment, Nec · NYSE

Esab Corp. (ESAB)

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Esab Corp. (ESAB) reported revenue of $808 million for Q2 FY2026, the quarter ended 3 July 2026, up 12.9% on the same quarter a year earlier. Net income was $32 million, down 51.6% on the year, and diluted earnings per share $0.50. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$808 millionup 12.9%
Net income$32 milliondown 51.6%
Diluted EPS$0.50
QuarterQ2 FY2026ended 3 July 2026

Esab (ESAB) in brief

Esab (ESAB) reported revenue of $2.8 billion for fiscal 2025, the year ended 31 December 2025, up 3.7% on the year before.
Read moreNet income was $227 million and diluted earnings per share $3.67. Revenue was $2.7 billion in fiscal 2024, $2.8 billion in fiscal 2023, $2.6 billion in fiscal 2022 and $2.4 billion in fiscal 2021. Net income in the same years was $265 million, $205 million, $224 million and $235 million. Over the twelve months to 3 July 2026, Esab reported revenue of $3.0 billion and net income of $173 million. Revenue grew 7.8% a year, compounded, over the five years to fiscal 2025. Esab declared $0.38 a share in dividends over the last four quarters and had 62 million shares outstanding at the latest filed count. At 3 July 2026 it carried $2.4 billion of debt and $217 million of cash. At the close of 8 October 2026 the market cap of Esab was $4.0 billion, 23.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE6.8%
ROCE7.4%
Operating margin12.1%
Net margin5.7%
FCF margin6.5%
Interest covern/a
Debt to equity0.94
Cash conversion1.50
Share count, 1 year2.7%
Sales CAGR, 3 years3.1%
Profit CAGR, 3 years0.4%
EPS, TTM$2.79

At the close of 8 October 2026

Price$64.88
Market cap$4.0 billion
Stock P/E23.25
Price to book1.59
EV / EBITDA13.45
Dividend yield0.6%
Market cap / sales1.34
52-week high$134.82
52-week low$64.88
Price, 1 year-45.8%
Price CAGR, 3 years-2.6%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Esab Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ESABgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ESAB

Filings22 in twelve months: 14 current reports (8-K), about 5 results of operations; 4 regulation fd disclosure; 3 officer or director change; 3 material agreement; 2 unregistered sale of equity
Planned insider sales7 Form 144 notices in twelve months, $10.6 million; latest 7 August 2026
Options tapeput/call 2.31 by open interest at the 8 October 2026 close; the straddle prices a 8.1% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Capital Research Global Investors; 7 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest4.7 million shares short, 5.61 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue681689690707673671678716728721746808
Cost of revenue431435435437419412423450459463470500
Gross profit250255255270254258255266269258275307
Gross margin37%37%37%38%38%39%38%37%37%36%37%38%
R&D9.010.710.19.79.210.210.110.510.512.912.513.3
SG&A145145142146146145141156158154174210
Operating income10110411111910611111010910786.690.578.7
Operating margin15%15%16%17%16%17%16%15%15%12%12%10%
Pre-tax income80.677.581.410389.196.593.188.183.064.164.948.1
Tax rate25%23%23%17%20%24%22%21%21%20%20%24%
Net income57.650.260.082.968.253.767.466.954.837.747.632.4
Net margin8%7%9%12%10%8%10%9%8%5%6%4%
Diluted EPS$0.94$0.83$0.98$1.35$1.11$0.88$1.10$1.09$0.90$0.61$0.78$0.50
Operating cash flow10712244.583.010112735.446.681.597.146.933.4
Capital expenditure11.919.37.49.010.624.77.39.211.219.613.717.7
Free cash flow95.510337.174.090.410228.137.470.377.433.215.7
Dividends paid3.63.63.63.64.94.94.94.96.16.16.16.1
Shares outstanding60m60m60m60m60m61m61m61m61m61m61m62m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue1,9502,4282,5932,7752,7412,8433,002
Cost of revenue1,2681,5901,7081,7591,7031,7941,893
Gross profit6828388861,0161,0371,0481,109
Gross margin35.0%34.5%34.1%36.6%37.9%36.9%37.0%
Research and development34.839.736.038.839.244.049.2
Selling, general and administrative459513533587580608697
Operating income202306329404447412362
Operating margin10.4%12.6%12.7%14.6%16.3%14.5%12.1%
Pre-tax income206319300319370328260
Income tax46.080.469.295.777.369.255.2
Effective tax rate22.3%25.2%23.0%30.0%20.9%21.1%21.2%
Net income157235224205265227173
Net margin8.1%9.7%8.6%7.4%9.7%8.0%5.7%
Diluted EPS$2.62$3.92$3.69$3.36$4.31$3.67$2.79
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
EMEA and APAC Segment1,5601,5641,71260.2%
Americas Segment1,2151,1771,13039.8%
EMEA and APAC SegmentAmericas Segment
2,775FY20232,741FY20242,843FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Equipment8558931,87165.8%
Consumables1,9201,84797234.2%
EquipmentConsumables
2,775FY20232,741FY20242,843FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow309251214330355261259
Capital expenditure40.135.640.248.251.847.362.3
Free cash flow269215174282304213197
Free cash flow margin13.8%8.9%6.7%10.2%11.1%7.5%6.5%
Cash from investing-34.6-35.3-184-62.2-206-480-1,882
Cash from financing-326-2227.6-22031.71141,581
Depreciation and amortisation76.675.966.075.066.884.199.0
Share-based compensation6.46.313.016.119.816.917.4
Dividends paid0.00.06.113.317.021.924.4
Dividend per sharen/an/a$0.15$0.23$0.30$0.38n/a
Diluted shares, weighted60m60m60m61m61m61m62m
Shares outstanding at period endn/a10060m60m61m61m62m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity2,5452,4611,3501,6071,7692,1662,539
Non-controlling interestn/a41.038.340.339.245.545.5
Debtn/a0.01,2191,0181,0611,2332,391
Operating lease liabilitiesn/a88.876.276.666.088.1116
Other liabilitiesn/a8711,0711,0861,0991,2341,471
Total liabilities and equityn/a3,4613,7543,8294,0344,7666,563
Owned
Fixed assetsn/a286284294298382390
Goodwill1,5531,5331,5301,5881,6521,9502,746
Intangible assetsn/a5215175004886731,372
Cash and equivalents49.241.272.0102249186217
Receivablesn/a383374385370451554
Inventoryn/a420417393404482582
Other assetsn/a276560566572643701
Total assetsn/a3,4613,7543,8294,0344,7666,563
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a7.8%3.1%9.7%
Profit growth, compoundedn/a7.6%0.4%-32.7%
Return on equity, averagen/a12.9%12.7%10.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
2 companies share its SEC industry code (General Industrial Machinery & Equipment, Nec); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q3 July 20266 August 2026EDGAR
10-Q3 April 20267 May 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q3 October 202529 October 2025EDGAR
10-Q4 July 20256 August 2025EDGAR
10-Q4 April 20251 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q27 September 202429 October 2024EDGAR
10-Q28 June 20242 August 2024EDGAR
10-Q29 March 20241 May 2024EDGAR

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