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

78.87 0.51 +0.65%
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) Operating margin

Alert me on Operating margin

ESAB Corporation's operating margin over the twelve months to 30 September 2026 was 11.2%, down 3.3 percentage points from fiscal 2025 (14.5%). Over the past ten years it has ranged from 10.4% (fiscal 2020) to 16.3% (fiscal 2024); the current reading is higher than 67% of that period. That is above the Metal Fabrication industry median of 4.86% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 14.5% (1.83)
FY2024 16.3% 1.76
FY2023 14.6% 1.88
FY2022 12.7% 0.08
FY2021 12.6% 2.24
FY2020 10.4% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 11.2% 1.40
Jun 2026 9.75% (2.39)
Mar 2026 12.1% 0.13
Dec 2025 12.0% (2.64)
19 more quarters

Against its own ten years

Low 10.4% High 16.3%
Ten-year median 13.6%
Current reading's percentile 5

Operating margin against peers

Company Operating margin
CRS Carpenter Technology Corporation compare 23.4%
MLI Mueller Industries, Inc. compare 21.5%
ATI ATI Inc. compare 16.5%
ESAB ESAB Corporation 11.2%
CMC Commercial Metals Company compare 9.26%
PRLB Proto Labs, Inc. compare 7.32%
WOR Worthington Enterprises, Inc. compare 5.63%
RYZ Ryerson Holding Corporation compare 1.04%
GPGI CompoSecure, Inc. compare 0.00%
Metal Fabrication industry median 4.86%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on ESAB