ESAB Corp (ESAB)

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. It offers its products through independent distributors and direct salespeople. It operates in Europe, Asia Pacific, South America, and the Middle East. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, Maryland.

Ticker: ESAB
Exchange: NYSE
Sector: Industrials
Industry: Metal Fabrication
Market cap: $5.15B
52-week range: $62.74 - $137.42

Valuation

Share price: $82.83 (close of Nov 6, 2026)
P/E (TTM): 33.53x
Price to book: 1.98x
Price to free cash flow: 28.49x
Enterprise value: $7.43B
Book value per share: $41.91

Price performance

Period	Change
1 day	+4.69%
5 days	+18.74%
1 month	+15.31%
3 months	-12.36%
6 months	-18.42%
Year to date	-25.86%
1 year	-26.03%
3 years	+10.40%
All time	+65.66%

Short interest

As of: Oct 15, 2026
Short % of float: 9.35%
Shares short: 4.70M
Days to cover: 3.77
Change since prior report: -8.89%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 10.25%
Return on invested capital: 9.64%
Return on assets: 4.76%
Return on capital employed: 10.05%
Gross margin: 36.88%
Net margin: 7.98%
EBITDA margin: 17.46%
Revenue growth: 3.71%
Net income growth: -14.38%
Free cash flow growth: -29.75%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.51%
Current ratio: 1.92x
Net debt to EBITDA: 4.89x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $2.84B
Cost of revenue: $1.79B
Gross profit: $1.05B
EBITDA: $496.27M
Net income: $226.77M
Earnings per share: $3.71
Research and development: $44.00M
Shares outstanding: 60.68M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$2.84B	$1.05B	$226.77M	$3.71
2024-12-31	$2.74B	$1.04B	$264.84M	$4.36
2023-12-31	$2.77B	$1.02B	$205.28M	$3.39
2022-12-31	$2.59B	$885.53M	$223.75M	$3.70
2021-12-31	$2.43B	$837.98M	$235.11M	$3.92
2020-12-31	$1.95B	$682.47M	$157.41M	$2.62
2019-12-31	$2.25B	$796.44M	$172.91M	$2.88

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	36.88%	7.98%	10.25%	9.64%
2024-12-31	37.85%	9.66%	14.65%	12.46%
2023-12-31	36.61%	7.40%	12.46%	11.15%
2022-12-31	34.14%	8.63%	16.11%	9.62%
2021-12-31	34.51%	9.68%	9.40%	8.65%
2020-12-31	35.00%	8.07%	6.19%	5.91%
2019-12-31	35.44%	7.69%	6.45%	7.67%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$185.86M	$1.23B
2024-12-31	$249.36M	$1.06B
2023-12-31	$102.00M	$1.02B
2022-12-31	$72.02M	$1.22B
2021-12-31	$41.21M	-
2020-12-31	$49.21M	-
2019-12-31	$104.83M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$213.28M	$16.94M
2024-12-31	$303.62M	$19.78M
2023-12-31	$282.32M	$16.12M
2022-12-31	$174.12M	$12.96M
2021-12-31	$215.15M	$6.27M
2020-12-31	$269.04M	$6.44M
2019-12-31	$205.38M	$5.88M

Dividend history

Most recent payment: Jul 2, 2026
Paid in the last twelve months: $0.32

Payment date	Dividend per share
2026-07-02	$0.12
2026-04-02	$0.10
2025-12-31	$0.10
2025-10-03	$0.10
2025-07-03	$0.10
2025-04-04	$0.08
2024-12-31	$0.08
2024-09-27	$0.08

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$1.33
2026-08-06	Jun 2026	$1.37
2026-05-07	Mar 2026	$1.32
2026-02-20	Dec 2025	$1.34
2025-10-29	Sep 2025	$1.27
2025-08-06	Jun 2025	$1.34
2025-05-01	Mar 2025	$1.18
2025-02-20	Dec 2024	$1.15

Filings and sources

Company website: esabcorporation.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Carpenter Technology Corp (CRS) · Union Pacific Corp (UNP) · CSX Corp (CSX) · Norfolk Southern Corp (NSC) · Westinghouse Air Brake Technologies Corp (WAB) · Canadian National Railway Co (CNI) · Canadian Pacific Kansas City Ltd (CP) · Old Dominion Freight Line, Inc. (ODFL)

All Industrials companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades