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ESCO Technologies Inc.

ESE Technology Scientific & Technical Instruments

ESCO Technologies Inc.’s revenue for fiscal 2025 (year ended September 2025) was $1.1 billion, up 19.2% from fiscal 2024.

Revenue
+14.4%
EPS
+24.8%
Free cash flow
−22.1%
Total debt
−83.8%

Quarter to June 2026, against a year earlier

239.42 11.17 −4.46%
Market cap
$7.8B
P/E
20.7×
Fwd P/E
40.9×
Dividend yield
0.13%
F-score
3/9
Altman Z
5.34
Beneish M
−2.58
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Aerospace And Defense
  • USG
  • Test

Every year since 2009 →

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.72%

Capital & Financial Ratios $m

Size
Market Cap 7,770.00
Revenue ttm 1,290.70
Net income ttm 314.81
Free cash flow ttm 196.60
Net debt Q 11.76
Valuation
P/E 20.68
Forward P/E 40.90 (above 35: high)
Price / sales 5.04
Forward P/S Powerpack
Price / FCF 33.08
Price / book 4.02
Financial health
Current ratio Q 1.38
Debt / equity Q 0.05 (at or below 0.5: strong)
Interest coverage Q 5.76
Growth
Revenue growth Q +14.40% (above 0%: growing)
Operating income growth Q +16.15% (above 0%: growing)
EPS, this year +38.73% (at or above 15%: strong)
EPS, next year A +10.24%
Revenue, next year A +19.96% (at or above 10%: strong)
EPS, past 5 yrs +24.25% (at or above 15%: strong)
EPS, next 5 yrs A +21.98% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 3.0×; over the ten years it ranged from 1.7× in 2016 to 7.0× in 2026.
P/E against its own 10 years 18.31%
10-year low 10-year high
P/S against its own 10 years 88.73%
10-year low 10-year high
P/B against its own 10 years 93.14%
10-year low 10-year high
EV/Sales against its own 10 years 88.44%
10-year low 10-year high
EV/FCF against its own 10 years 47.96%
10-year low 10-year high

Dividends

Yield
0.13%
Annual rate
0.32
Payout ratio
2.64%
Growth, 2018–26
0.00%/yr
  1. 0.32 ’18
  2. 0.40 ’19 +25
  3. 0.32 ’20 −20
  4. 0.24 ’21 −25
  5. 0.32 ’22 +33
  6. 0.32 ’23 +0
  7. 0.32 ’24 +0
  8. 0.32 ’25 +0
  9. 0.32 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 42 66 101 73
Receivables 199 222 254 267
Inventory 184 195 218 241
Other 157 88 116 174
581 669 689 756
2023 2024 2025 Q'26
Payables 87 89 97 117
ST’ Debt 20 20 20 20
Other 112 81 217 288
315 350 508 547

Compound Annual Growth %

10y 5y 3y
Sales 7.38% 8.44% 8.50%
Cash Flow 13.91% 24.07% 21.38%
Earnings 21.55% 24.66% 53.76%
Book Value 10.18% 9.95% 13.71%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.12 Actual 2.20

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY18 1.14 1.22 Beat by 0.08
Q1 FY26 1.32 1.64 Beat by 0.32
Q2 FY26 1.90 1.91 Beat by 0.01
Q3 FY26 2.12 2.20 Beat by 0.08
Q4 FY26 2.59 — Reports 19 November 2026

EPS $

Dec Mar Jun Sep Year
’26 1.11 1.34 1.26 — —
’25 0.91 1.20 1.01 8.43 11.55
’24 0.59 0.90 1.13 1.32 3.94
’23 0.57 0.69 1.08 1.24 3.58
’22 0.44 0.64 0.89 1.19 3.16
’21 0.52 0.62 0.57 0.78 2.42
’20 3.32 0.68 0.72 (0.81) 3.90
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 290 309 339 — —
’25 215 232 296 353 1,095
’24 218 249 234 218 919
’23 206 229 249 172 856
’22 177 205 219 256 858
’21 163 166 181 205 715
’20 172 180 173 206 730
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 69 6 59 — —
’25 34 24 74 110 242
’24 9 10 36 72 128
’23 (9) 4 35 48 77
’22 2 21 19 94 135
’21 25 33 18 48 123
’20 3 19 17 43 82
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 61 (3) 44 — —
’25 26 11 57 95 190
’24 (2) (1) 30 60 87
’23 (17) (5) 25 44 47
’22 (14) 12 9 84 90
’21 17 29 7 37 90
’20 (12) 7 8 39 41
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 13.2% a year for ten years. It grew 12.6% a year over the last ten.

Implied
13.2%
10 years, reported
12.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 571 686 684 726 730 715 858 856 919 1,095 1,291 +7.5% 1,314 1,717 1,974 +21.7%
Gross margin, % 38.61 36.29 38.61 39.67 37.26 37.79 38.72 41.26 42.28 42.09 42.01 +3.5 pt
EBT 68 80 81 98 36 81 106 110 131 153 180 +9.3%
EBT margin, % 11.97 11.69 11.86 13.48 4.98 11.28 12.41 12.90 14.25 13.95 13.94 +2.0 pt
Net income 46 54 92 81 99 63 82 93 102 299 315 +23.2%
Per share, $
Per share, $ Revenue 22.18 26.61 26.42 27.98 28.08 27.47 33.07 33.17 35.66 42.44 49.82 +7.5%
Earnings 1.77 2.07 3.54 3.10 3.90 2.42 3.16 3.58 3.94 11.55 12.14 +23.2%
Cash flow 2.87 2.61 3.60 4.05 3.16 4.73 5.22 2.98 4.95 9.37 9.42 +14.1%
Capex (0.87) (1.46) (0.96) (0.59) (1.58) (1.29) (1.74) (1.16) (1.56) (2.02) (1.83) +9.8%
Free cash flow 1.99 1.16 2.65 3.46 1.58 3.44 3.48 1.82 3.39 7.35 7.59 +15.6%
Book value 23.88 26.07 29.35 31.84 36.87 39.15 40.42 43.84 48.01 59.70 62.43 +10.7%
Shares, m 26 26 26 26 26 26 26 26 26 26 26 0.0%
Valuation, ×
Valuation, × P/E 26.38 29.52 19.18 25.66 20.60 30.92 23.24 29.09 32.74 18.28 20.68 25.6
P/S 2.09 2.30 2.56 2.84 2.87 2.80 2.22 3.14 3.62 4.97 5.04 2.9
P/B 1.94 2.34 2.31 2.50 2.18 1.97 1.82 2.38 2.69 3.54 4.02 2.4
EV/Sales 2.19 2.63 2.84 3.15 2.88 2.94 2.29 3.21 3.68 5.05 5.05 3.1
EV/FCF 24.38 60.56 28.36 25.49 51.16 23.47 21.71 58.49 38.69 29.16 33.14 36.1
Cash, $m
Cash, $m Operating cash flow 74 67 93 105 82 123 135 77 128 242 244 +14.1%
Capex (23) (38) (25) (15) (41) (34) (45) (30) (40) (52) (47) +9.8%
Free cash flow 51 30 68 90 41 90 90 47 87 190 197 +15.6%
Balance, $m
Balance, $m Working capital 165 198 195 244 188 191 254 266 319 180 209 +1.0%
Net debt 56 229 190 223 10 98 55 60 56 85 12 +4.7%
Shareholders’ equity 615 672 759 826 959 1,020 1,048 1,131 1,237 1,541 1,617 +10.7%
Returns, %
Returns, % ROA 4.98 4.80 7.30 5.93 7.01 4.31 5.09 5.55 5.79 14.08 12.73 +9.1 pt
ROIC 7.22 5.83 6.17 6.36 3.24 4.59 6.29 6.33 7.13 6.66 7.76 (0.6) pt
ROE 7.65 8.35 12.87 10.22 11.14 6.42 7.96 8.49 8.60 21.54 21.39 +13.9 pt
People
People Employees 2,643 3,254 3,117 3,239 2,844 2,822 2,922 3,195 3,281 3,425 — +2.9%
Revenue/emp, $m 0.22 0.21 0.22 0.22 0.26 0.25 0.29 0.27 0.28 0.32 — +4.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Business profile

Updated

ESCO Technologies designs and manufactures engineered components, diagnostic equipment and testing systems for customers in aviation, defense, electric power and other industries. Bryan H. Sayler is its president and chief executive officer.

The Aerospace & Defense business makes parts that control or filter fluids in aircraft, as well as precision-machined components used in systems such as landing gear and flight controls. It also supplies naval products, including systems that help ships and submarines reduce the magnetic, electric, acoustic and vibration signatures that can make them detectable.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Aerospace And Defense 478 43.66%
USG 380 34.69%
Test 237 21.65%
Gross margin 42.09%
Operating margin 15.81%
Pre-tax margin 13.95%

Revenue by segment since 2009

ESCO Technologies Inc. vs peers in Scientific & Technical Instruments (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TRMB Trimble Inc. $15.3B — (loss-making) — (loss-making) +11.00% (above 0%: growing) −645.95% (below 0%: shrinking) +492.59% (above 0%: growing) 69.43% 13.58% Compare
MKSI MKS Inc. $13.9B 31.4× 21.4× +28.26% (above 0%: growing) +181.52% (above 0%: growing) +38.97% (above 0%: growing) 47.68% 20.11% Compare
CGNX Cognex Corporation $9.8B 55.4× 34.5× +16.93% (above 0%: growing) +79.17% (above 0%: growing) +67.25% (above 0%: growing) 70.65% 29.36% Compare
ESE ESCO Technologies Inc. $7.8B 20.7× 40.9× +14.40% (above 0%: growing) +24.75% (above 0%: growing) −22.12% (below 0%: shrinking) 41.74% 14.80%
ST Sensata Technologies Holding N.V. $6.1B 16.5× 14.1× +7.68% (above 0%: growing) n/m +45.49% (above 0%: growing) 33.07% 17.46% Compare
NOVT Novanta Inc. $5.6B 92.5× 80.1× +10.27% (above 0%: growing) +158.33% (above 0%: growing) +391.84% (above 0%: growing) 45.49% 6.79% Compare
VNT Vontier Corporation $4.9B 15.1× 12.7× −2.17% (below 0%: shrinking) −67.74% (below 0%: shrinking) +13.79% (above 0%: growing) 48.24% 19.39% Compare
BMI Badger Meter, Inc. $4.4B 35.1× 33.0× +0.12% (above 0%: growing) +5.04% (above 0%: growing) −16.42% (below 0%: shrinking) 41.90% 20.23% Compare
ITRI Itron, Inc. $4.3B 15.6× 17.4× +3.04% (above 0%: growing) +13.76% (above 0%: growing) −15.75% (below 0%: shrinking) 40.86% 15.93% Compare
Median of peers $5.8B 31.4× 21.4× +8.98% +13.76% +42.23% 46.59% 18.43%

All 33 Scientific & Technical Instruments stocks →

From the latest earnings call

Updated

  • CEO Bryan Sayler said industrial shielding projects and electromagnetic interference filters drove year-over-year order growth in ESCO’s test business.
  • Sayler said ESCO expects the Megger acquisition to close in the first quarter of fiscal 2027, with integration planning underway.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.72%
Held by the ten largest 53.64%
Holder Shares Stake Change
BlackRock 4.09m 15.80% +117.37k
Vanguard 2.98m 11.52% +61.24k
Invesco 1.51m 5.81% +249.16k
T. Rowe Price 1.25m 4.83% +695.52k
State Street 1.09m 4.20% +51.83k
Geode Capital Management 754.65k 2.91% +121.43k
Capital Group 680.38k 2.63% −269.73k
Dimensional Fund Advisors 604.18k 2.33% −32.33k
WASATCH ADVISORS LP 477.69k 1.84% +189.43k
Morgan Stanley 454.82k 1.76% −11.57k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 10 December 2025

Ownership

Directors and executive officers, together 0.70%
BlackRock, Inc. 14.90%
Vanguard Group, Inc. PO Box 11.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

ESCO Technologies Inc. (ESE) Latest News

21 Oct

Impact 3 · · GlobeNewswire

20 Oct

Impact 4 · · Zacks

16 Oct

Impact 3 · · StockStory

13 Oct

Impact 4 · · StockStory

10 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

9 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · StockStory

8 Oct

Impact 3 · · Zacks

1 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · StockStory

22 Sep

Impact 3 · · Zacks

21 Sep

Impact 3 · · StockStory

15 Aug

Impact 3 ·
Impact 3 ·

14 Aug

Impact 3 ·

13 Aug

Impact 4 · · The Motley Fool transcript
Impact 4 ·

11 Aug

Impact 3 ·

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 4 ·

6 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

1 Aug

Impact 3 ·

13 Jun

Impact 4 ·

23 May

Impact 3 · · Simply Wall St.

15 May

Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

ESE metrics, ten years each

stockrow.com/ESE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com