ESAB
ESAB NYSE· Industrial Machinery & Supplies & Components
Last close · Oct 26, 2026
$67.31
KIRA · Stoqly’s AI analyst, in plain words
- ESAB had $2.8B of revenue in fiscal 2025, up 3.7% on the year before. Over five years, revenue changed +7.8% a year on average.
- Its operating margin was 14.5%, down 1.8 pts: of every 100 in sales, about 15 is left after running the business.
- ESAB made $227M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew 7.0% a year.
- Free cash flow was $213M in fiscal 2025, 7.5% of revenue.
- ESAB returned $21.9M to shareholders in fiscal 2025, 10% of free cash flow. The diluted share count rose 0.3%.
- ESAB owes $1.0B more than it holds in cash, about 2.1 years of operating profit.
Market cap
$4.1B
P/E
24.2x
Revenue
$2.8B
Net income
$227M
Free cash flow
$213M
Operating margin
14.5%
ESAB in 30 seconds · fiscal 2025
Are sales growing?
+3.7%
Only a little. Sales grew 3.7% last year.
Does it make a profit?
8.0%
A little. It keeps 8.0% of every sale as profit.
Does profit turn into cash?
7.5%
Partly. 7.5% of sales ends up as free cash.
Is debt under control?
2.1x
Keep an eye on it. Repaying its debt would take 2.1 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
24.2x
One share costs 24.2 times its yearly profit per share. Typical for its sector: 26.0x.
What ESAB does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- ESAB Corporation
- CIK
- 0001877322
ESAB · ESAB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.4B | $2.6B | $2.8B | $2.7B | $2.8B |
| Revenue growth | 24.5% | 6.8% | 7.0% | −1.2% | 3.7% |
| Gross margin | 34.5% | 34.1% | 36.6% | 37.9% | 36.9% |
| Operating margin | 12.6% | 12.7% | 14.6% | 16.3% | 14.5% |
| Net income | $235M | $224M | $205M | $265M | $227M |
| Net margin | 9.7% | 8.6% | 7.4% | 9.7% | 8.0% |
| Diluted EPS | $3.92 | $3.69 | $3.36 | $4.31 | $3.67 |
| Cash | |||||
| Cash from operations | $251M | $214M | $331M | $355M | $261M |
| Capital expenditure | $35.6M | $40.2M | $48.2M | $51.8M | $47.3M |
| Free cash flow | $215M | $174M | $282M | $304M | $213M |
| FCF margin | 8.9% | 6.7% | 10.2% | 11.1% | 7.5% |
| Dividends paid | $0.0M | $6.1M | $13.3M | $17.0M | $21.9M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 0.0% | 0.2% | 0.8% | 0.7% | 0.3% |
| Debt and strength | |||||
| Cash and short-term investments | $41.2M | $72.0M | $102M | $249M | $186M |
| Debt incl. finance leases | $0.0M | $1.2B | $1.0B | $1.1B | $1.2B |
| Shareholders' equity | $2.5B | $1.4B | $1.6B | $1.8B | $2.2B |
| Net debt / EBITDA | −0.1x | 2.9x | 1.9x | 1.6x | 2.1x |
| Current ratio | 1.6x | 1.6x | 1.6x | 1.8x | 1.9x |
| Interest coverage | — | 9.5x | 5.1x | 7.2x | 6.2x |
| Returns and quality | |||||
| Return on capital | — | 10.1% | 11.1% | 13.6% | 11.0% |
| Return on equity | — | 11.7% | 13.9% | 15.7% | 11.5% |
| Piotroski F-score | — | — | 5 | 6 | 4 |
| Altman Z'' | 4.0 | 2.0 | 2.5 | 2.9 | 2.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$8.9M
5 insiders
Of sales under plans
95%
$8.4M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
ESAB · ESAB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| ESAB ESAB | $4.1B | 3.7% | 14.5% | 7.5% | 11.0% | 24.2x | 4 |
| Nordson NDSN | $18.0B | 3.8% | 25.5% | 23.7% | 11.6% | 32.6x | 5 |
| Carpenter Technology CRS | $14.5B | 8.6% | 22.5% | 11.6% | 23.7% | 25.5x | 9 |
| Middleby MIDD | $5.2B | 1.6% | 18.0% | 17.5% | 8.7% | — | 4 |
| IDEX IEX | $17.1B | 5.8% | 20.2% | 17.8% | 10.2% | 33.2x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $67.31 a share, the company is worth $4.1B: 24.2 times its earnings of the last four quarters.
ESAB grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 0 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001877322). Data updated October 16, 2026. For information only — not investment advice. Check the original filings before relying on any figure.