ESAB Corporation

ESAB Industrials Metal Fabrication

ESAB Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 3.71% from fiscal 2024.

Revenue
+13.3%
EPS
−28.1%
Free cash flow
−22.0%
Total debt
+74.3%

Quarter to September 2026, against a year earlier

83.33 4.21 +5.32%
Market cap
$4.9B
P/E
31.1×
Fwd P/E
18.2×
Dividend yield
0.56%
F-score
4/9
Altman Z
2.86
Beneish M
−2.25
Dividend safety
84/100

ESAB Corporation (ESAB) Gross margin

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ESAB Corporation's gross margin over the twelve months to 30 September 2026 was 37.6%, up 0.7 percentage points from fiscal 2025 (36.9%). Over the past ten years it has ranged from 34.1% (fiscal 2022) to 37.9% (fiscal 2024); the current reading is higher than 83% of that period. That is above the Metal Fabrication industry median of 21.6% and above the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 36.9% (0.97)
FY2024 37.9% 1.24
FY2023 36.6% 2.47
FY2022 34.1% (0.37)
FY2021 34.5% (0.49)
FY2020 35.0% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 39.3% 1.21
Jun 2026 38.0% 1.14
Mar 2026 36.9% 1.14
Dec 2025 35.8% (1.24)
19 more quarters

Against its own ten years

Low 34.1% High 37.9%
Ten-year median 35.8%
Current reading's percentile 85

Gross margin against peers

Company Gross margin
GPGI CompoSecure, Inc. compare 51.0%
PRLB Proto Labs, Inc. compare 45.2%
ESAB ESAB Corporation 37.6%
CRS Carpenter Technology Corporation compare 31.2%
MLI Mueller Industries, Inc. compare 27.3%
WOR Worthington Enterprises, Inc. compare 27.2%
ATI ATI Inc. compare 24.5%
CMC Commercial Metals Company compare 18.7%
RYZ Ryerson Holding Corporation compare 17.3%
Metal Fabrication industry median 21.6%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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