6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.8% per year over the past 5 years.
Net income has grown in line with revenue (7.6% vs 7.8% per year).
Operating margin has expanded, at 14.5% in the latest year.
Free cash flow has declined 4.5% per year over the past 5 years.
Financial health
Total debt ($1.2B) exceeds cash ($186M); net debt is $1.0B.
Total debt is 2.5× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 9.7% of earnings and 10.3% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.8B
$227M
36.9%
14.5%
10.5%
4.8%
$213M
$1.2B
$186M
2024
$2.7B
$265M
37.9%
16.3%
15.0%
6.6%
$304M
$1.1B
$249M
2023
$2.8B
$205M
36.6%
14.6%
12.8%
5.4%
$282M
$1.0B
$102M
2022
$2.6B
$224M
34.1%
12.7%
16.6%
6.0%
$174M
$1.2B
$72M
2021
$2.4B
$235M
34.5%
12.6%
9.6%
6.8%
$215M
$0
$41M
2020
$2.0B
$157M
35.0%
10.4%
—
—
$269M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$808M
$32M
38.0%
9.7%
1.3%
0.5%
$16M
$2.4B
$217M
Apr '26
$746M
$48M
36.9%
12.1%
2.2%
0.8%
$33M
$2.0B
$1.0B
Dec '25
$721M
$38M
35.8%
12.0%
1.7%
0.8%
$77M
$1.2B
$186M
Oct '25
$728M
$55M
37.0%
14.6%
2.6%
1.1%
$70M
$1.3B
$218M
Jul '25
$716M
$67M
37.2%
15.2%
3.2%
1.5%
$37M
$1.1B
$258M
Apr '25
$678M
$67M
37.6%
16.2%
3.5%
1.6%
$28M
$1.1B
$291M
Dec '24
$671M
$54M
38.5%
16.6%
3.0%
1.3%
$102M
$1.1B
$249M
Sep '24
$673M
$68M
37.7%
15.7%
3.7%
1.7%
$90M
$1.1B
$254M
Jun '24
$707M
$83M
38.2%
16.9%
4.9%
2.1%
$74M
$1.1B
$228M
Mar '24
$690M
$60M
37.0%
16.0%
3.7%
1.6%
$37M
$993M
$76M
Dec '23
$689M
$50M
37.0%
15.0%
3.1%
1.3%
$103M
$1.0B
$102M
Sep '23
$681M
$58M
36.7%
14.9%
3.8%
1.5%
$96M
$1.1B
$83M
Jun '23
$720M
$66M
36.6%
15.1%
4.4%
1.7%
$53M
$1.2B
$74M
Mar '23
$684M
$32M
36.2%
13.3%
2.2%
0.8%
$30M
$1.2B
$82M
Dec '22
$664M
$61M
33.8%
11.8%
4.5%
1.6%
$73M
$1.2B
$72M
Sep '22
$620M
$52M
33.7%
13.1%
4.3%
1.5%
$71M
$1.1B
$61M
Jul '22
$661M
$55M
34.4%
13.0%
4.4%
1.5%
$20M
$1.2B
$53M
Apr '22
$648M
$55M
34.6%
12.9%
2.2%
1.5%
$10M
—
$57M
Dec '21
$624M
$39M
34.1%
11.7%
1.6%
1.1%
$42M
$0
$41M
Oct '21
$606M
$61M
34.2%
13.0%
—
—
$61M
—
—
Valuation over time
How the market has priced ESAB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 16.4× (Mar '23) to 20.9× (Nov '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 1.7× (Nov '26).
The dividend yield has risen from 0.2% (Mar '23) to 0.5% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ESAB growing its revenue and profit?
Over the past 5 years, Esab Corp's revenue has grown 7.8% per year, and net income grown 7.6% per year. These are computed facts, not advice.
How much debt does ESAB have?
As of FY2025, Esab Corp reported $1.2B of total debt against $186M of cash.
What is ESAB's profit margin?
In FY2025, gross margin was 36.9%, operating margin 14.5%, and net margin 8.0%.
What is ESAB's P/E ratio?
Esab Corp's P/E (TTM) is 27.51 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ESAB stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 20.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.