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ESAB · NYSE · United States · General Industrial Machinery & Equipment, Nec
In shortESAB Corp is profitable, generates cash and carries moderate debt, with revenue growing (+3.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 14.5% | 65/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 8.0% | 52/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.5% | 58/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.6% | 64/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.90× | 92/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.57× | 79/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.11× | 54/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.84 | 45/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 7.5% | 50/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.94× | 80/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 9.7% | 75/100 |
| Operating margin volatility | 1.5% | 95/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.1% | 34/100 |
|---|---|---|
| EPS growth, 3-year average | -0.2% | 24/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,428 | 2,593 | 2,775 | 2,741 | 2,843 |
| Cost of revenue | 1,590 | 1,708 | 1,759 | 1,703 | 1,794 |
| Gross profit | 838 | 886 | 1,016 | 1,037 | 1,048 |
| Research & development | 40 | 36 | 39 | 39 | 44 |
| Selling, general & admin | 513 | 533 | 587 | 580 | 608 |
| Operating income | 306 | 329 | 404 | 447 | 412 |
| Pre-tax income | 319 | 300 | 319 | 370 | 328 |
| Income tax | 80 | 69 | 96 | 77 | 69 |
| Net income | 235 | 224 | 205 | 265 | 227 |
| Diluted EPS | $3.92 | $3.69 | $3.36 | $4.31 | $3.67 |
| Diluted shares (millions) | 60 | 60 | 61 | 61 | 61 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
2.84 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 3, 2026 · Data updated Aug 6, 2026