Wednesday 4 November 2026 Export ESE’s income statement to Excel — free account

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%

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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 Segments Valuation Filings

ESCO Technologies Inc. (ESE) revenue by segment, product and region

Where the money comes from and where it goes

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 $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2012	FY2011	FY2010	FY2009
Aerospace And Defense	478 43.66%	341 37.05%	292 34.14%	351 40.98%	315 44.00%	352 48.17%	326 44.86%	287 41.95%	280 40.76%	208 36.36%	197 36.61%	197 37.00%	195 40.69%	168 37.18%	121 19.89%	107 17.24%
USG	380 34.69%	369 40.15%	342 40.00%	278 32.47%	203 28.36%	192 26.24%	212 29.19%	214 31.30%	162 23.68%	128 22.36%	124 23.00%	116 21.77%	108 22.56%	107 23.67%	348 57.33%	374 60.41%
Test	237 21.65%	210 22.80%	221 25.86%	228 26.55%	198 27.63%	187 25.59%	188 25.95%	183 26.75%	161 23.46%	162 28.26%	178 33.05%	182 34.23%	176 36.75%	177 39.15%	138 22.78%	138 22.36%
Technical Packaging	—	—	—	—	—	—	—	—	83 12.09%	74 13.02%	39 7.33%	37 7.00%	—	—	—	—
Revenue	1,095	919	856	858	715	730	726	684	686	571	537	531	479	451	607	619

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2012	FY2011	FY2010	FY2009
Aerospace And Defense	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
USG	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Test	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	727 66.39%	633 68.85%	577 67.38%	603 70.34%	517 72.26%	529 72.47%	537 73.99%	496 72.52%	503 73.37%	404 70.63%	386 71.75%	374 70.42%	336 68.64%	317 66.14%	319 70.67%	466 76.73%	508 82.12%
Europe	156 14.28%	92 9.98%	81 9.43%	72 8.44%	54 7.48%	51 7.02%	45 6.20%	41 6.04%	75 11.00%	72 12.53%	47 8.67%	62 11.67%	52 10.51%	62 12.89%	57 12.62%	37 6.04%	28 4.56%
Asia	112 10.21%	108 11.80%	115 13.40%	133 15.48%	105 14.63%	96 13.18%	86 11.87%	93 13.54%	70 10.18%	68 11.92%	70 13.10%	60 11.28%	60 12.14%	66 13.85%	46 10.18%	54 8.92%	48 7.82%
Canada	57 5.18%	51 5.52%	47 5.47%	31 3.64%	27 3.77%	32 4.34%	33 4.55%	30 4.42%	22 3.24%	13 2.26%	12 2.16%	10 1.96%	14 2.92%	13 2.63%	14 3.13%	14 2.24%	—
Other [Member].	43 3.94%	35 3.85%	37 4.32%	18 2.10%	13 1.85%	12 1.57%	13 1.78%	14 2.11%	10 1.52%	12 2.17%	19 3.52%	22 4.05%	18 3.71%	14 2.92%	15 3.39%	—	—
Indiana	—	—	—	—	—	10 1.41%	12 1.61%	9 1.37%	5 0.70%	3 0.51%	4 0.80%	3 0.62%	10 2.08%	8 1.57%	0 0.00%	—	—
Other Geographical Region	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	27 4.51%	—
Mexico	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	10 1.56%	4 0.60%
Other [Member] (Deprecated 2012-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	30 4.91%
Non-US	368	286	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue	1,095	919	856	858	715	730	726	684	686	571	537	531	490	479	451	607	619

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Aerospace & Defense book-to-bill	Q3 FY2026	1.2×	4.3×	−72.83%
Aerospace & Defense ending backlog	Q3 FY2026	$1.1B	$831.5M	+32.29%
Aerospace & Defense entered orders	Q3 FY2026	$195.7M	—	—
Book-to-bill	Q3 FY2026	1.2×	—	—
Doble orders	Q3 FY2026	$113.3M	$87.0M	+30.23%
Ending backlog	Q3 FY2026	$1.5B	$1.2B	+32.14%
Entered orders	Q3 FY2026	$410.0M	$749.0M	−45.26%
NRG orders	Q3 FY2026	$13.5M	—	—
Test book-to-bill	Q3 FY2026	1.2×	0.9×	+36.67%
Test ending backlog	Q3 FY2026	$248.6M	$196.5M	+26.54%
Test entered orders	Q3 FY2026	$87.0M	$61.2M	+42.27%
USG book-to-bill	Q3 FY2026	1.3×	1.1×	+11.40%
USG ending backlog	Q3 FY2026	$189.4M	$137.4M	+37.80%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024
Aerospace & Defense book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerospace & Defense ending backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerospace & Defense entered orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Doble orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ending backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Entered orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
NRG orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Test book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Test ending backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Test entered orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
USG book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
USG ending backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.