ESAB · Esab Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $745.60M | - | $727.85M | $715.59M | $678.14M | - | $673.25M | $707.05M | $689.74M | - |
| Cost of Revenue | $470.49M | - | $458.55M | $449.54M | $422.94M | - | $419.46M | $436.74M | $434.72M | - |
| Gross Profit | $275.11M | - | $269.30M | $266.05M | $255.20M | - | $253.79M | $270.31M | $255.03M | - |
| R&D | $12.50M | - | $10.50M | $10.50M | $10.10M | - | $9.20M | $9.70M | $10.10M | - |
| SG&A | $174.47M | - | $158.34M | $155.56M | $140.86M | - | $145.90M | $146.19M | $142.45M | - |
| Total Operating Expenses | $34.82M | - | $37.13M | $34.44M | $44.23M | - | - | - | - | - |
| D&A | $23.87M | - | $17.10M | $16.54M | $17.49M | - | - | - | $16.39M | - |
| Operating Income | $90.48M | - | $106.62M | $109.09M | $109.84M | - | $106.02M | $119.36M | $110.65M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $13.11M | - | $17.69M | $18.28M | $20.50M | - | $18.07M | $17.89M | $18.50M | - |
| Net Income | $47.64M | - | $54.85M | $66.88M | $67.36M | - | $68.24M | $82.91M | $59.95M | - |
| EPS - Basic | $0.78 | - | $0.90 | $1.10 | $1.10 | - | $1.12 | $1.36 | $0.99 | - |
| EPS - Diluted | $0.78 | - | $0.90 | $1.09 | $1.10 | - | $1.11 | $1.35 | $0.98 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.00B | $185.86M | $218.22M | $258.22M | $291.35M | $249.36M | $253.67M | $228.47M | $76.50M | $102.00M |
| Accounts Receivable | $488.46M | $451.30M | $460.47M | $456.11M | $414.80M | $370.32M | $420.94M | $431.21M | $430.15M | $385.20M |
| Inventory | $520.60M | $481.76M | $503.72M | $474.10M | $450.70M | $403.71M | $422.65M | $426.52M | $405.60M | $392.86M |
| Accounts Payable | $398.50M | $360.39M | $342.21M | $369.52M | $349.72M | $318.49M | $320.25M | $350.13M | $338.40M | $306.59M |
| Current Assets | $2.17B | $1.26B | $1.33B | $1.34B | $1.29B | $1.15B | $1.22B | $1.21B | $1.04B | $997.72M |
| Total Assets | $5.62B | $4.77B | $4.87B | $4.43B | $4.22B | $4.03B | $4.08B | $3.97B | $3.83B | $3.83B |
| Current Liabilities | $730.00M | $664.79M | $669.07M | $686.47M | $672.00M | $632.05M | $637.07M | $651.10M | $631.30M | $620.08M |
| Long-term Debt | $2.03B | $1.23B | $1.33B | $1.06B | $1.06B | $1.06B | $1.08B | $1.08B | $992.80M | $1.02B |
| Total Liabilities | $3.39B | $2.55B | $2.71B | $2.32B | $2.27B | $2.23B | $2.21B | $2.22B | $2.15B | $2.18B |
| Stockholders' Equity | $2.19B | $2.17B | $2.12B | $2.07B | $1.91B | $1.77B | $1.84B | $1.71B | $1.64B | $1.61B |
| Retained Earnings | $842.34M | $800.81M | $769.23M | $720.47M | $659.67M | $597.18M | $548.30M | $484.92M | $406.87M | $350.56M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.91M | - | - | - | $35.41M | - | - | - | $44.47M | - |
| Investing Cash Flow | ($13.43M) | - | - | - | ($2.69M) | - | - | - | ($26.61M) | - |
| Financing Cash Flow | $786.18M | - | - | - | ($13.12M) | - | - | - | ($33.92M) | - |
| CapEx | $13.70M | - | $11.18M | $9.02M | $7.29M | - | - | - | $7.41M | - |
| Free Cash Flow | $33.21M | - | - | - | $28.12M | - | - | - | $37.05M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 36.9% | - | 37.0% | 37.2% | 37.6% | - | 37.7% | 38.2% | 37.0% | - |
| Operating margin | 12.1% | - | 14.6% | 15.2% | 16.2% | - | 15.7% | 16.9% | 16.0% | - |
| EBITDA margin | 15.3% | - | 17.0% | 17.6% | 18.8% | - | - | - | 18.4% | - |
| Net margin | 6.4% | - | 7.5% | 9.3% | 9.9% | - | 10.1% | 11.7% | 8.7% | - |
| Free cash flow margin | 4.5% | - | - | - | 4.1% | - | - | - | 5.4% | - |
| FCF / Net income | 0.70 | - | - | - | 0.42 | - | - | - | 0.62 | - |
| R&D / Revenue | 1.7% | - | 1.4% | 1.5% | 1.5% | - | 1.4% | 1.4% | 1.5% | - |
| SG&A / Revenue | 23.4% | - | 21.8% | 21.7% | 20.8% | - | 21.7% | 20.7% | 20.7% | - |
| Effective tax rate | 21.6% | - | 24.4% | 21.5% | 23.3% | - | 20.9% | 17.7% | 23.6% | - |
| Return on assets | 0.8% | - | 1.1% | 1.5% | 1.6% | - | 1.7% | 2.1% | 1.6% | - |
| Return on equity | 2.2% | - | 2.6% | 3.2% | 3.5% | - | 3.7% | 4.9% | 3.7% | - |
| Return on invested capital | 1.7% | - | 2.3% | 2.7% | 2.8% | - | 2.9% | 3.5% | 3.2% | - |
| Liquidity | ||||||||||
| Current ratio | 2.97 | 1.90 | 1.99 | 1.95 | 1.91 | 1.82 | 1.92 | 1.86 | 1.65 | 1.61 |
| Quick ratio | 2.26 | 1.17 | 1.24 | 1.26 | 1.24 | 1.18 | 1.25 | 1.21 | 1.01 | 0.98 |
| Cash ratio | 1.38 | 0.28 | 0.33 | 0.38 | 0.43 | 0.39 | 0.40 | 0.35 | 0.12 | 0.16 |
| Leverage | ||||||||||
| Debt / Equity | 0.93 | 0.57 | 0.63 | 0.51 | 0.55 | 0.60 | 0.59 | 0.63 | 0.61 | 0.63 |
| Debt / Assets | 0.36 | 0.26 | 0.27 | 0.24 | 0.25 | 0.26 | 0.26 | 0.27 | 0.26 | 0.27 |
| Debt / EBITDA | 17.77 | - | 10.78 | 8.43 | 8.30 | - | - | - | 7.81 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.57 | 2.20 | 2.30 | 2.14 | 2.21 | 2.28 | 2.22 | 2.32 | 2.33 | 2.38 |
| Liabilities / Assets | 0.60 | 0.54 | 0.56 | 0.52 | 0.54 | 0.55 | 0.54 | 0.56 | 0.56 | 0.57 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.15 | 0.16 | 0.16 | - | 0.16 | 0.18 | 0.18 | - |
| Inventory turnover | 0.90 | - | 0.91 | 0.95 | 0.94 | - | 0.99 | 1.02 | 1.07 | - |
| Days sales outstanding | 239d | - | 231d | 233d | 223d | - | 228d | 223d | 228d | - |
| Days inventory outstanding | 404d | - | 401d | 385d | 389d | - | 368d | 356d | 341d | - |
| Days payable outstanding | 309d | - | 272d | 300d | 302d | - | 279d | 293d | 284d | - |
| Cash conversion cycle | 334d | - | 359d | 318d | 310d | - | 317d | 286d | 284d | - |
| Valuation | ||||||||||
| P / E | 126.1x | - | 130.6x | 115.1x | 97.4x | - | 96.0x | 69.9x | 112.8x | - |
| P / B | 2.8x | - | 3.4x | 3.7x | 3.4x | - | 3.5x | 3.4x | 4.1x | - |
| P / S | 8.1x | - | 9.9x | 10.7x | 9.7x | - | 9.7x | 8.2x | 9.8x | - |
| EV / EBITDA | 61.7x | - | 67.2x | 67.6x | 57.6x | - | - | - | 60.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.9% | - | 8.1% | 1.2% | -1.7% | - | -1.1% | -1.9% | 0.8% | - |
| Revenue CAGR (3y) | 2.9% | - | 5.5% | 2.7% | 6.1% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 7.8% | - | 6.1% | -1.6% | 0.1% | - | 1.6% | 2.4% | 3.1% | - |
| Operating income growth (YoY) | -17.6% | - | 0.6% | -8.6% | -0.7% | - | 4.8% | 9.9% | 22.0% | - |
| Net income growth (YoY) | -29.3% | - | -19.6% | -19.3% | 12.4% | - | 18.5% | 26.4% | 87.9% | - |
| EPS growth (YoY) | -29.1% | - | -18.9% | -19.3% | 12.2% | - | 18.1% | 26.2% | 88.5% | - |
| EPS CAGR (3y) | 14.5% | - | -3.8% | 6.2% | 4.6% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 18.1% | - | - | - | -24.1% | - | - | - | 22.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.7% | 22.4% | 15.2% | 21.2% | 16.4% | 10.1% | 22.4% | 13.4% | 15.6% | 19.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.84B totalEMEAAnd APACSegment$1.71B · 60.2%
Americas Segment$1.13B · 39.8%
Product / service
$2.84B totalEquipment Products$1.87B · 65.8%
Consumable Products$971.99M · 34.2%
Geographic
$579.30M totalUS$579.30M · 100.0%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing ESAB Corp against the 5 most active filers in the same SIC group.
Dividends
$0.40/share trailing 12 months · +25.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.1000 |
| Dec 31, 2025 | $0.1000 |
| Oct 3, 2025 | $0.1000 |
| Jul 3, 2025 | $0.1000 |
| Apr 4, 2025 | $0.0800 |
| Dec 31, 2024 | $0.0800 |
| Sep 27, 2024 | $0.0800 |
| Jun 28, 2024 | $0.0800 |
| Mar 27, 2024 | $0.0600 |
| Dec 28, 2023 | $0.0600 |
| Sep 28, 2023 | $0.0600 |
| Jun 29, 2023 | $0.0600 |
| Mar 30, 2023 | $0.0500 |
| Dec 29, 2022 | $0.0500 |
| Sep 29, 2022 | $0.0500 |
| Jun 30, 2022 | $0.0500 |