ESAB Industrials

ESAB Corporation

$76.05-0.33%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Industrials
Industry: Metal Fabrication
Country: United States
Market cap: 4.7B USD
Enterprise value: 6.2B USD
Full-time employees: 10,300

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64) and more debt relative to equity (0.94× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64) and more debt vs equity (0.94× vs peers 0.40×)
About average: profitability and valuation

Ranks #1,654 of 2,308 industrials companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 114% of reported profit.
ESAB's free cash flow is 114% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

40/ 100▼ 1 since Oct 27 close

Oct 5 42 → Nov 4 40 (-2)

Valuation

Is the price right?

47/100

Moderate▼ 4 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 2.1% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 51 → 47

Share price +9.8%-4
Company's reported figures updated+1
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.6%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score -0.04Sector median: 0.0377 · MAD: 0.0294

EBITDA yield6.7%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -0.05Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.2%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.12Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield53.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

38/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.2%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-34.3%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.67Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth3.7%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score -0.07Sector median: 0.0421 · MAD: 0.0625

Revenue growth9.7%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.69Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

50/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin12.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.86Sector median: 0.0773 · MAD: 0.0507

Return on assets2.6%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.20Sector median: 0.0311 · MAD: 0.0241

Return on invested capital6.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.19Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin37.0%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity6.8%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.14

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.82Sector median: 0.6440 · MAD: 0.2745

Current ratio1.96×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.64Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.94×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.61Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about ESAB

Is ESAB getting weaker?: Its latest SEC filing (Aug 6, 2026) got weaker in some ways: share count up 2.1%. Its overall score is 40/100, down 1 since Oct 28, 2026.
How is ESAB valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 2,459 industrials peers.
Is ESAB growing?: More slowly than most of its peers. Growth scores 38/100 against 2,459 industrials peers. Revenue growth 9.7% vs a peer median of 4.4% (stronger than 69% of peers).Revenue growth 9.7% vs peers 4.4% (stronger than 69% of peers). Earnings per share growth -34.3% vs a peer median of 7.1% (weaker than 84% of peers).Earnings per share growth -34.3% vs peers 7.1% (weaker than 84% of peers).
How profitable is ESAB?: About as profitable as its peers. Profitability scores 50/100 against 2,459 industrials peers. Operating margin 12.1% vs a peer median of 7.7% (stronger than 70% of peers).Operating margin 12.1% vs peers 7.7% (stronger than 70% of peers).
How risky is ESAB?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 1.96× vs a peer median of 1.62× (stronger than 64% of peers).Current ratio 1.96× vs peers 1.62× (stronger than 64% of peers). Beta 1.14 vs a peer median of 0.64 (weaker than 82% of peers).Beta 1.14 vs peers 0.64 (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 3, 2026 · filed Aug 6, 2026 · compared with the quarter ended Apr 3, 2026

Got weaker

Share count up 2.1% (existing holders diluted)

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.9B USD	3.0B USD	+3.2%
Net income (12 months)	207.0M USD	172.5M USD	−16.7%
Operating margin	13.5%	12.1%	−1.4 pts
Free cash flow (12 months)	218.4M USD	196.6M USD	−10.0%
Debt	2.0B USD	2.4B USD	+17.7%
Cash	1.0B USD	217.5M USD	−78.4%
Shares outstanding	60.9M	62.2M	+2.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Metal Fabrication companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	34.5%	34.1%	36.6%	37.9%	36.9%	▼ 1.0 pts
Operating margin	12.6%	12.7%	14.6%	16.3%	14.5%	▼ 1.8 pts
Net margin	9.7%	8.6%	7.4%	9.7%	8.0%	▼ 1.7 pts
Return on assets (ROA)	6.8%	6.0%	5.4%	6.6%	4.8%	▼ 1.8 pts
Return on equity (ROE)	9.6%	16.6%	12.8%	15.0%	10.5%	▼ 4.5 pts
Free cash flow margin	8.9%	6.7%	10.2%	11.1%	7.5%	▼ 3.6 pts
Current ratio	1.62×	1.64×	1.61×	1.82×	1.90×	▲ 4.5%
Quick ratio	0.91×	0.95×	0.98×	1.18×	1.17×	▼ 0.4%
Debt to equity	0.00×	0.90×	0.63×	0.61×	0.57×	▼ 6.2%

ESAB price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64) and more debt relative to equity (0.94× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64) and more debt vs equity (0.94× vs peers 0.40×)

About average: profitability and valuation

Ranks #1,654 of 2,308 industrials companies (bottom 29%)

See how it ranks against its peers

Questions investors ask about ESAB

Is ESAB getting weaker?

Its latest SEC filing (Aug 6, 2026) got weaker in some ways: share count up 2.1%. Its overall score is 40/100, down 1 since Oct 28, 2026.

How is ESAB valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 2,459 industrials peers.

Is ESAB growing?

More slowly than most of its peers. Growth scores 38/100 against 2,459 industrials peers. Revenue growth 9.7% vs a peer median of 4.4% (stronger than 69% of peers).Revenue growth 9.7% vs peers 4.4% (stronger than 69% of peers). Earnings per share growth -34.3% vs a peer median of 7.1% (weaker than 84% of peers).Earnings per share growth -34.3% vs peers 7.1% (weaker than 84% of peers).

How profitable is ESAB?

About as profitable as its peers. Profitability scores 50/100 against 2,459 industrials peers. Operating margin 12.1% vs a peer median of 7.7% (stronger than 70% of peers).Operating margin 12.1% vs peers 7.7% (stronger than 70% of peers).

How risky is ESAB?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 1.96× vs a peer median of 1.62× (stronger than 64% of peers).Current ratio 1.96× vs peers 1.62× (stronger than 64% of peers). Beta 1.14 vs a peer median of 0.64 (weaker than 82% of peers).Beta 1.14 vs peers 0.64 (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.9B USD

3.0B USD

+3.2%

Net income (12 months)

207.0M USD

172.5M USD

−16.7%

Operating margin

13.5%

12.1%

−1.4 pts

Free cash flow (12 months)

218.4M USD

196.6M USD

−10.0%

Debt

2.0B USD

2.4B USD

+17.7%

Cash

1.0B USD

217.5M USD

−78.4%

Shares outstanding

60.9M

62.2M

+2.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

34.5%

34.1%

36.6%

37.9%

36.9%

▼ 1.0 pts

Operating margin

12.6%

12.7%

14.6%

16.3%

14.5%

▼ 1.8 pts

Net margin

9.7%

8.6%

7.4%

9.7%

8.0%

▼ 1.7 pts

Return on assets (ROA)

6.8%

6.0%

5.4%

6.6%

4.8%

▼ 1.8 pts

Return on equity (ROE)

9.6%

16.6%

12.8%

15.0%

10.5%

▼ 4.5 pts

Free cash flow margin

8.9%

6.7%

10.2%

11.1%

7.5%

▼ 3.6 pts

Current ratio

1.62×

1.64×

1.61×

1.82×

1.90×

▲ 4.5%

Quick ratio

0.91×

0.95×

0.98×

1.18×

1.17×

▼ 0.4%

Debt to equity

0.00×

0.90×

0.63×

0.61×

0.57×

▼ 6.2%