Saturday 17 October 2026 Export ESAB’s income statement to Excel — free account

ESAB Corporation

ESAB Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 3.71% from fiscal 2024. In the quarter to June 2026, revenue grew 12.9%, EPS fell 54.6%, free cash flow fell 58.1% and total debt rose 121.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

65.35 0.28 −0.43%

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Market cap: $4.1B
P/E: 23.4×
Fwd P/E: 19.9×
Dividend yield: 0.67%
F-score: 4/9
Altman Z: 2.86
Beneish M: −2.25
Dividend safety: 84/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 8.86

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	3	—	—	—	—	—	1	—	—

Insider Ownership 5.40%

Capital & Financial Ratios $m

Market Cap 4,080.00

Revenue 3,002.06

Net Income 178.52

Free Cash Flow 198.77

Net Debt 2,179.80

Current Ratio 1.96

Debt/Equity 0.93

P/E ratio 23.42

Fwd P/E 19.90

P/S ratio 1.34

P/B ratio 1.66

Past 5Y EPS Growth 6.62%

This Y EPS Growth 2.49%

Next Y EPS Growth 17.71%

Next Y revenue growth 7.68%

Next 5Y EPS Growth 11.14%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 39.98%

10-year low 10-year high

P/S against its own 10 years 20.65%

10-year low 10-year high

P/B against its own 10 years 7.26%

10-year low 10-year high

EV/Sales against its own 10 years 36.22%

10-year low 10-year high

EV/FCF against its own 10 years 77.95%

10-year low 10-year high

Dividends

Payout Ratio 0.16

Annual Dividend Rate 0.44

Annual Dividend Yield 0.67%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.43	0.10 0.12 0.12
2025	0.38	0.08 0.10 0.10 0.10
2024	0.30	0.06 0.08 0.08 0.08
2023	0.23	0.05 0.06 0.06 0.06
2022	0.15	0.05 0.05 0.05
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	102	249	186	217
Receivables	385	370	451	554
Inventory	393	404	482	582
Other	56	69	77	91
	998	1,148	1,262	1,528

	2023	2024	2025	Q'26
Payables	307	318	360	407
ST’ Debt	—	15	2	6
Other	—	—	—	—
	620	632	665	779

Compound Annual Growth %

	10y	5y	3y
Sales	—	7.83%	3.10%
Cash Flow	—	(3.36%)	6.72%
Earnings	—	7.57%	0.45%
Book Value	—	0.00%	16.78%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	746	808	—	—	—
’25	678	716	728	721	2,843
’24	690	707	673	671	2,741
’23	684	720	681	689	2,775
’22	648	661	620	664	2,593
’21	568	630	606	624	2,428

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	47	33	—	—	—
’25	35	47	81	97	261
’24	44	83	101	127	355
’23	38	63	107	122	330
’22	16	27	80	91	214
’21	63	60	69	59	251

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	33	16	—	—	—
’25	33	38	70	79	220
’24	37	74	93	103	307
’23	31	55	99	103	287
’22	13	20	72	74	179
’21	58	55	61	46	220

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.78	0.50	—	—	—
’25	1.10	1.09	0.90	0.61	3.67
’24	0.98	1.35	1.11	0.88	4.31
’23	0.52	1.07	0.94	0.83	3.36
’22	0.93	0.91	0.86	1.00	3.69
’21	0.98	1.30	1.02	0.68	3.98

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	32.12	47.17	82.44	100.17	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	58.08	87.98	135.97	135.84
People
People	Employees	—	—	—	—	—	9,275	9,000	9,000	9,300	10,300
	Revenue/emp, $m	—	—	—	—	0.00	0.26	0.29	0.31	0.29	0.28
Income, $m
Income, $m	Revenue	—	—	—	—	1,950	2,428	2,593	2,775	2,741	2,843
	Gross margin, %	—	—	—	—	35.00	34.51	34.14	36.61	37.85	36.88
	EBT	—	—	—	—	206	319	300	319	370	328
	EBT margin, %	—	—	—	—	10.56	13.14	11.58	11.50	13.51	11.55
	Net income	—	0	—	—	160	239	228	211	271	233
	Depreciation	—	—	—	—	77	76	66	75	67	84
Per share, $
Per share, $	Revenue	—	—	—	—	32.48	40.45	43.19	46.07	45.36	46.85
	Earnings	—	—	—	—	2.66	3.98	3.69	3.39	4.36	3.67
	Cash flow	—	—	—	—	5.15	4.18	3.57	5.49	5.88	4.29
	Capex	—	—	—	—	(0.58)	(0.51)	(0.59)	(0.72)	(0.79)	(0.67)
	Free cash flow	—	—	—	—	4.57	3.67	2.98	4.76	5.09	3.62
	Book value	—	—	—	—	0.00	41.67	23.12	27.35	29.92	36.45
	Shares, m	—	—	—	—	60	60	60	60	60	61
Valuation, ×
Valuation, ×	P/E	—	—	—	—	12.58	12.58	13.08	25.17	27.57	30.11
	P/S	—	—	—	—	1.24	1.24	1.12	1.85	2.64	2.38
	P/B	—	—	—	—	1.20	1.20	2.10	3.11	4.01	3.07
	EV/Sales	—	—	—	—	1.22	1.22	1.57	2.18	2.95	2.75
	EV/FCF	—	—	—	—	13.44	13.44	22.79	21.12	26.26	35.61
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	309	251	214	330	355	261
	Capex	—	—	—	—	(35)	(30)	(35)	(44)	(48)	(41)
	Free cash flow	—	—	—	—	275	220	179	287	307	220
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	367	387	378	516	597
	Total debt	—	—	—	—	—	109	1,238	1,018	1,076	1,235
	Net debt	—	—	—	—	—	68	1,166	916	826	1,049
	Shareholders’ equity	—	—	—	—	—	2,502	1,388	1,648	1,808	2,212
Returns, %
Returns, %	ROA	—	—	—	—	0.00	13.59	6.20	5.41	6.74	5.15
	ROIC	—	—	—	—	0.00	7.45	8.05	9.85	10.61	7.90
	ROE	—	—	—	—	0.00	0.00	11.50	13.52	15.33	11.28

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ATI ATI Inc.	$25.8B	53.3×	41.5×	+10.58% (above 0%: growing)	+54.17% (above 0%: growing)	−23.13% (below 0%: shrinking)	24.57%	17.45%	Compare
CRS Carpenter Technology Corporation	$18.9B	35.6×	39.0×	+12.63% (above 0%: growing)	+45.74% (above 0%: growing)	−23.04% (below 0%: shrinking)	31.61%	24.32%	Compare
MLI Mueller Industries, Inc.	$13.4B	15.4×	17.0×	+25.46% (above 0%: growing)	+1.77% (above 0%: growing)	+7.23% (above 0%: growing)	27.69%	21.71%	Compare
CMC Commercial Metals Company	$7.2B	11.0×	11.0×	+25.72% (above 0%: growing)	+41.32% (above 0%: growing)	+21.76% (above 0%: growing)	18.87%	10.18%	Compare
ESAB ESAB Corporation	$4.1B	23.4×	19.9×	+12.86% (above 0%: growing)	−54.55% (below 0%: shrinking)	−58.05% (below 0%: shrinking)	38.04%	9.75%
GPGI CompoSecure, Inc.	$3.7B	— (loss-making)	15.1×	−99.98% (below 0%: shrinking)	n/m	0.00%	195.83%	0.00%	Compare
WOR Worthington Enterprises, Inc.	$3.1B	19.1×	14.8×	+13.23% (above 0%: growing)	+23.94% (above 0%: growing)	+97.40% (above 0%: growing)	26.43%	3.79%	Compare
PRLB Proto Labs, Inc.	$2.1B	67.4×	55.0×	+10.57% (above 0%: growing)	+100.00% (above 0%: growing)	+1.35% (above 0%: growing)	46.43%	7.61%	Compare
RYZ Ryerson Holding Corporation	$1.4B	— (loss-making)	— (loss-making)	+71.57% (above 0%: growing)	+400.00% (above 0%: growing)	−67.35% (below 0%: shrinking)	17.71%	1.71%	Compare
Median of peers	$5.5B	27.4×	17.0×	+12.93%	+45.74%	+0.68%	27.06%	8.90%

All 18 Metal Fabrication stocks →

ESAB Corporation (ESAB) key facts

Concern: Net income was $233.2 million, or $3.67 per share (basic), a net margin of 7.98%.
Strength: ESAB Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 3.71% from fiscal 2024.
ESAB Corporation (ESAB) is a Metal Fabrication company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, ESAB traded at $65.35, a market capitalization of $4.1 billion.
At that price the stock trades at 23.4× trailing-twelve-month earnings and 1.3× sales; its P/E is higher than 40% of its own readings over the past ten years.
ESAB Corporation pays an annual dividend of $0.44 per share, a yield of 0.67%, with a payout ratio of 15.8%.
Return on equity was 11.3% and debt-to-equity 0.93.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.86 (grey zone) for fiscal 2025.