ESAB (ESAB)

NYSE Industrials Industrial Machinery & Supplies & Components S&P MidCap 400

$82.83

+3.71 (+4.69%)

Close of Nov 06, 2026 · end-of-day data

Source: ESAB's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.95B	$2.43B	$2.59B	$2.77B	$2.74B	$2.84B
Cost of revenue	$1.27B	$1.59B	$1.71B	$1.76B	$1.70B	$1.79B
Gross profit	$682.47M	$837.98M	$885.53M	$1.02B	$1.04B	$1.05B
Research & development	$34.80M	$39.70M	$36.00M	$38.80M	$39.20M	$44.00M
Selling, general & admin	$458.71M	$512.82M	$533.37M	$587.48M	$579.78M	$608.42M
Operating income	$202.13M	$306.21M	$329.06M	$404.17M	$447.45M	$412.17M
Pre-tax income	$205.84M	$319.09M	$300.25M	$319.09M	$370.40M	$328.26M
Income tax	$45.97M	$80.41M	$69.17M	$95.73M	$77.35M	$69.16M
Net income	$157.41M	$235.11M	$223.75M	$205.28M	$264.84M	$226.77M
EBITDA	$278.77M	$382.11M	$395.04M	$479.20M	$514.24M	$496.27M
EPS (basic)	$2.62	$3.92	$3.70	$3.39	$4.36	$3.71
EPS (diluted)	$2.62	$3.92	$3.69	$3.36	$4.31	$3.67
Diluted shares	60.03M	60.03M	60.15M	60.66M	61.10M	61.27M
Gross margin	35.0%	34.5%	34.1%	36.6%	37.9%	36.9%
Operating margin	10.4%	12.6%	12.7%	14.6%	16.3%	14.5%
Net margin	8.1%	9.7%	8.6%	7.4%	9.7%	8.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$49.21M	$41.21M	$72.02M	$102.00M	$249.36M	$185.86M
Receivables	—	$383.50M	$374.33M	$385.20M	$370.32M	$451.30M
Inventory	—	$420.06M	$416.83M	$392.86M	$403.71M	$481.76M
Total current assets	—	$964.07M	$988.67M	$997.72M	$1.15B	$1.26B
Goodwill	$1.55B	$1.53B	$1.53B	$1.59B	$1.65B	$1.95B
Total assets	—	$3.46B	$3.75B	$3.83B	$4.03B	$4.77B
Total current liabilities	—	$596.59M	$601.58M	$620.08M	$632.05M	$664.79M
Short-term debt	—	—	—	$0	$15.00M	$2.41M
Long-term debt	—	$0	$1.22B	$1.02B	$1.06B	$1.23B
Total debt	—	$0	$1.22B	$1.02B	$1.08B	$1.23B
Total liabilities	—	$959.53M	$2.37B	$2.18B	$2.23B	$2.55B
Shareholders' equity	$2.54B	$2.46B	$1.35B	$1.61B	$1.77B	$2.17B

Cash flow

fiscal years · USD

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

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Apr 2025	Jul 2025	Oct 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Revenue	$689.35M	$689.74M	$707.05M	$673.25M	$670.76M	$678.14M	$715.59M	$727.85M	$720.99M	$745.60M	$807.63M	$824.52M
Cost of revenue	$434.62M	$434.72M	$436.74M	$419.46M	$412.43M	$422.94M	$449.54M	$458.55M	$463.19M	$470.49M	$500.42M	$500.88M
Gross profit	$254.72M	$255.03M	$270.31M	$253.79M	$258.32M	$255.20M	$266.05M	$269.30M	$257.79M	$275.11M	$307.21M	$323.64M
Research & development	$10.70M	$10.10M	$9.70M	$9.20M	$10.20M	$10.10M	$10.50M	$10.50M	$12.90M	$12.50M	$13.30M	$13.70M
Selling, general & admin	$144.64M	$142.45M	$146.19M	$145.90M	$145.24M	$140.86M	$155.56M	$158.34M	$153.66M	$174.47M	$210.17M	$220.38M
Operating income	$103.72M	$110.65M	$119.36M	$106.02M	$111.43M	$109.84M	$109.09M	$106.62M	$86.61M	$90.48M	$78.72M	$91.93M
Pre-tax income	$77.47M	$81.41M	$103.42M	$89.12M	$96.46M	$93.06M	$88.09M	$83.03M	$64.07M	$64.90M	$48.10M	$55.42M
Income tax	$17.92M	$18.50M	$17.89M	$18.07M	$22.89M	$20.50M	$18.28M	$17.69M	$12.68M	$13.11M	$11.70M	$13.26M
Net income	$50.24M	$59.95M	$82.91M	$68.24M	$53.74M	$67.36M	$66.88M	$54.85M	$37.67M	$47.64M	$32.35M	$38.92M
EBITDA	$121.66M	$127.04M	$135.90M	$123.11M	$128.19M	$127.34M	$128.45M	$128.50M	$111.99M	$114.35M	$106.59M	$133.17M
EPS (basic)	$0.83	$0.99	$1.36	$1.12	$0.88	$1.10	$1.10	$0.90	$0.60	$0.78	$0.50	$0.58
EPS (diluted)	$0.82	$0.98	$1.35	$1.11	$0.87	$1.10	$1.09	$0.90	$0.60	$0.78	$0.50	$0.58
Diluted shares	62.99K	60.99M	61.08M	61.09M	51.22K	61.28M	61.31M	61.24M	-11.11K	61.27M	61.63M	62.39M
Gross margin	37.0%	37.0%	38.2%	37.7%	38.5%	37.6%	37.2%	37.0%	35.8%	36.9%	38.0%	39.3%
Operating margin	15.0%	16.0%	16.9%	15.7%	16.6%	16.2%	15.2%	14.6%	12.0%	12.1%	9.7%	11.1%
Net margin	7.3%	8.7%	11.7%	10.1%	8.0%	9.9%	9.3%	7.5%	5.2%	6.4%	4.0%	4.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Apr 2025	Jul 2025	Oct 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Cash & equivalents	$102.00M	$76.50M	$228.47M	$253.67M	$249.36M	$291.35M	$258.22M	$218.22M	$185.86M	$1.00B	$217.49M	$188.65M
Receivables	$385.20M	$430.15M	$431.21M	$420.94M	$370.32M	$414.80M	$456.11M	$460.47M	$451.30M	$488.46M	$554.15M	$551.66M
Inventory	$392.86M	$405.60M	$426.52M	$422.65M	$403.71M	$450.70M	$474.10M	$503.72M	$481.76M	$520.60M	$581.54M	$570.16M
Total current assets	$997.72M	$1.04B	$1.21B	$1.22B	$1.15B	$1.29B	$1.34B	$1.33B	$1.26B	$2.17B	$1.53B	$1.49B
Goodwill	$1.59B	$1.59B	$1.58B	$1.67B	$1.65B	$1.68B	$1.79B	$1.96B	$1.95B	$1.93B	$2.75B	$2.74B
Total assets	$3.83B	$3.83B	$3.97B	$4.08B	$4.03B	$4.22B	$4.43B	$4.87B	$4.77B	$5.62B	$6.56B	$6.50B
Total current liabilities	$620.08M	$631.30M	$651.10M	$637.07M	$632.05M	$672.00M	$686.47M	$669.07M	$664.79M	$730.00M	$779.01M	$776.56M
Short-term debt	$0	—	—	—	$15.00M	$17.76M	$21.75M	$2.17M	$2.41M	$3.79M	$5.94M	$9.36M
Long-term debt	$1.02B	$992.80M	$1.08B	$1.08B	$1.06B	$1.06B	$1.06B	$1.33B	$1.23B	$2.03B	$2.39B	$2.32B
Total debt	$1.02B	$992.80M	$1.08B	$1.08B	$1.08B	$1.07B	$1.08B	$1.34B	$1.23B	$2.04B	$2.40B	$2.33B
Total liabilities	$2.18B	$2.15B	$2.22B	$2.21B	$2.23B	$2.27B	$2.32B	$2.71B	$2.55B	$3.39B	$3.98B	$3.89B
Shareholders' equity	$1.61B	$1.64B	$1.71B	$1.84B	$1.77B	$1.91B	$2.07B	$2.12B	$2.17B	$2.19B	$2.54B	$2.56B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Apr 2025	Jul 2025	Oct 2025	Dec 2025	Apr 2026	Jul 2026	Oct 2026
Operating cash flow	$122.39M	$44.47M	$83.02M	$101.04M	$126.88M	$35.41M	$46.63M	$81.48M	$97.05M	$46.91M	$33.42M	$72.68M
Capital expenditures	$19.31M	$7.41M	$9.02M	$10.63M	$24.71M	$7.29M	$9.18M	$11.18M	$19.63M	$13.70M	$17.75M	$18.25M
Free cash flow	$103.08M	$37.05M	$73.99M	$90.41M	$102.17M	$28.12M	$37.45M	$70.30M	$77.42M	$33.21M	$15.68M	$54.43M
Investing cash flow	-$19.88M	-$26.61M	-$10.32M	-$77.28M	-$91.48M	-$2.69M	-$95.81M	-$363.56M	-$17.83M	-$13.43M	-$1.49B	-$17.88M
Financing cash flow	-$77.53M	-$33.92M	$80.20M	-$5.71M	-$8.91M	-$13.12M	-$6.53M	$246.91M	-$113.56M	$786.18M	$661.84M	-$79.81M
Dividends paid	$3.64M	$3.63M	$3.64M	$4.86M	$4.86M	$4.86M	$4.87M	$6.09M	$6.09M	$6.09M	$6.11M	$7.49M
Stock-based compensation	$4.97M	$4.13M	$5.75M	$4.59M	$5.31M	$5.36M	$4.54M	$2.64M	$4.39M	$3.95M	$6.43M	$8.09M
Depreciation & amortization	$17.94M	$16.39M	$16.54M	$17.10M	$16.76M	$17.49M	$19.36M	$21.89M	$25.37M	$23.87M	$27.87M	$41.23M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.