ESAB Corporation logo ESAB - ESAB Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $141.00 DETAILS
HIGH: $142.00
LOW: $140.00
MEDIAN: $141.00
CONSENSUS: $141.00
UPSIDE: 53.54%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Revenue
Revenue 745.6 721.0 727.8 715.6 678.1 670.8 673.2 707.1 689.7 689.3 681.0 720.4 684 664.1 620.3 661.2 647.9 624.2 606.0 629.8 568.1
Cost of Revenue 470.5 501.3 458.5 449.5 422.9 412.4 419.5 436.7 434.7 434.6 431.3 456.5 436.6 439.7 410.9 433.7 423.6 411.4 399.0 411.4 368.3
Gross Profit 275.1 219.7 269.3 266.0 255.2 258.3 253.8 270.3 255.0 254.7 249.7 263.9 247.4 224.4 209.3 227.5 224.3 212.8 207.0 218.4 199.8
Operating Expenses
R&D Expenses 12.5 10.1 0 0 10.1 10.2 9.2 9.7 10.1 10.7 9 9.5 9.6 8.9 8 9.6 9.5 10.8 9.1 10.3 9.5
SG&A Expenses 174.5 163.8 158.3 155.6 130.8 91.9 136.7 136.5 132.3 82.8 136.4 140.6 137.7 85.6 111.8 123.9 122.3 103.0 106.1 113.6 115.2
Other Expenses (12.5) (120.4) 4.3 1.4 4.5 44.8 1.9 4.8 1.9 57.5 3.1 5.2 9.4 51.3 8.5 8.1 8.9 25.9 13.2 12.3 2.8
Operating Expenses 174.5 53.4 162.7 157.0 145.4 146.9 147.8 151.0 144.4 151.0 148.6 155.3 156.7 145.8 128.3 141.6 140.7 139.8 128.3 136.2 127.5
Operating Income
Operating Income 100.6 166.2 106.6 109.1 109.8 111.4 106.0 119.4 110.7 103.7 101.1 108.6 90.7 78.6 81.0 85.9 83.6 73.0 78.7 82.2 72.3
Interest Expense 25.6 17.9 23.6 21.0 16.8 15.0 16.9 15.9 17.1 31.4 20.5 18.8 19.5 17.8 12.2 7.9 0.1 0.9 0.2 0.3 0.2
Interest Income 0 0 0 0 0 0 0 0 0 5.2 0 0 0 0 0 0 0 0 0.4 0.6 0
Profitability
EBITDA 136.6 107.3 128.5 129.8 131.8 136.8 125.0 140.7 129.0 134.1 121.8 131.5 122.0 110.7 105.1 110.4 109.2 101.3 102.4 104.5 93.8
EBIT 100.6 82.0 106.6 110.5 114.3 120.2 107.9 124.1 112.6 121.5 104.3 113.8 100.1 94.3 89.5 94.0 92.5 84.0 82.9 85.4 75.1
Income Before Tax 64.9 64.1 83.0 88.1 93.1 96.5 89.1 103.4 81.4 77.5 80.6 89.8 71.2 66.0 72.1 78.0 84.2 74.0 78.9 93.7 72.5
Income Tax Expense 13.1 12.7 17.7 18.3 20.5 22.9 18.1 17.9 18.5 17.9 19.8 21.0 37.0 5.5 17.8 20.0 25.7 33.4 17.4 15.6 14.0
Net Income 47.6 37.7 54.8 66.9 67.4 53.7 68.2 82.9 60.0 50.2 57.6 65.6 31.9 60.7 52.4 55.2 55.4 39.4 60.6 77.4 57.7
Per Share Data
EPS (Basic) 0.78 0.55 0.90 1.10 1.10 0.89 1.13 1.37 0.99 0.83 0.96 1.09 0.53 1.01 0.87 0.92 0.92 0.68 1.01 1.29 0.96
EPS (Diluted) 0.78 0.55 0.90 1.09 1.10 0.88 1.12 1.36 0.98 0.83 0.95 1.08 0.53 1.01 0.87 0.92 0.92 0.68 1.01 1.29 0.96
Shares Outstanding 60.9 60.9 60.9 60.8 60.5 60.5 60.4 60.4 60.3 60.3 60.3 60.2 60.1 60.1 60.1 60.0 60.0 60.0 60.0 60.0 60.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Current Assets
Cash & Cash Equivalents 1,004.8 185.9 218.2 258.2 291.3 249.4 253.7 228.5 76.5 102.0 82.8 74.4 82.1 72.0 60.6 53.5 56.6
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 488.5 451.3 460.5 456.1 414.8 370.3 420.9 431.2 430.1 385.2 388.5 412.7 404.1 374.3 360.0 384.2 410.2
Inventory 520.6 481.8 503.7 474.1 450.7 403.7 422.7 426.5 405.6 392.9 425.7 447.3 448.3 416.8 446.5 473.8 462.5
Other Current Assets 77.3 76.9 87.0 80.6 72.2 69.3 65.5 63.5 70.1 55.9 70.0 68.1 70.3 68.9 67.7 71.0 59.7
Total Current Assets 2,170.2 1,261.9 1,333.7 1,336.3 1,286.0 1,148.4 1,221.5 1,212.6 1,042.7 997.7 1,029.7 1,071.6 1,060.7 988.7 988.0 1,041.4 1,048.1
Non-Current Assets
Property, Plant & Equipment 483.5 495.2 491.7 415.4 393.8 388.2 390.9 376.9 384.6 389.9 368.0 376.9 381.1 376.3 354.7 381.2 388.3
Goodwill 1,930.6 1,949.7 1,962.8 1,790.1 1,684.8 1,652.0 1,667.9 1,583.9 1,586.9 1,588.3 1,554.0 1,585.9 1,564.3 1,529.8 1,399.7 1,450.0 1,513.9
Intangible Assets 655.9 673.0 684.4 542.0 502.9 488.0 499.8 476.5 484.2 499.5 491.3 505.1 518.4 517.2 452.3 476.8 508.5
Long-Term Investments 16.3 16.8 17.6 18.1 14.6 0 20.4 4.2 5.2 9.5 16.8 16.9 9.7 14.3 22.4 0 0
Other Non-Current Assets 368.1 311.3 379.2 330.5 350.0 357.4 284.1 313.0 323.8 297.0 313.0 323.4 324.7 342.2 345.2 324.4 322.5
Total Non-Current Assets 3,454.5 3,504.2 3,535.7 3,096.1 2,931.5 2,885.6 2,863.0 2,754.6 2,784.7 2,830.9 2,726.3 2,791.2 2,788.4 2,765.3 2,551.9 2,632.3 2,733.3
Total Assets 5,624.7 4,766.1 4,869.4 4,432.4 4,217.5 4,034.0 4,084.5 3,967.1 3,827.5 3,828.6 3,756.0 3,862.8 3,849.1 3,754.0 3,539.9 3,673.7 3,781.3
Current Liabilities
Account Payables 398.5 360.4 342.2 369.5 349.7 318.5 320.3 350.1 338.4 306.6 302.6 333.2 355.3 316.3 320.2 360.0 369.0
Short-Term Debt 26.1 24.5 24.7 21.7 21.0 15 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 33.9 19.7 27.2 25.1 25.3 0 27.8 27.9 29.5 31.2 29.5 28.2 28.3 25.9 22.5 21.5 25.9
Other Current Liabilities 146.5 138.0 137.9 162.4 152.1 205.3 137.4 131.4 119.8 116.7 116.0 113.1 106.8 116.3 119.6 165.6 171.6
Total Current Liabilities 730.0 664.8 669.1 686.5 672 632.1 637.1 651.1 631.3 620.1 610.4 618.4 630.4 601.6 610.6 642.1 652.4
Non-Current Liabilities
Long-Term Debt 2,032.4 1,320.7 1,334.1 1,058.8 1,056.3 1,060.7 1,080.2 1,079.6 992.8 1,018.1 1,089.3 1,159.1 1,216.9 1,218.6 1,132.4 1,182.2 0
Deferred Tax Liabilities 0 158.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 545.0 322.2 596.0 509.9 476.3 466.9 419.5 416.8 447.0 466.2 440.6 460.5 465.6 469.2 477.3 481.5 522.8
Total Non-Current Liabilities 2,659.0 1,889.8 2,038.3 1,634.1 1,595.2 1,593.7 1,569.7 1,566.6 1,513.8 1,560.9 1,604.6 1,697.7 1,760.4 1,764.0 1,681.8 1,750.2 611.6
Total Liabilities 3,389.0 2,554.6 2,707.4 2,320.6 2,267.2 2,225.7 2,206.8 2,217.7 2,145.1 2,181.0 2,214.9 2,316.1 2,390.9 2,365.6 2,292.4 2,392.3 1,264.0
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3,040.9
Retained Earnings 842.3 800.8 769.2 720.5 659.7 597.2 548.3 484.9 406.9 350.6 304.0 250.0 188.1 159.2 101.5 52.2 0
Accumulated Other Comprehensive Income (557.0) (539.7) (554.2) (549.7) (651.9) (729.6) (604.9) (663.4) (647.7) (624.3) (679.5) (616.6) (636.7) (675.0) (750.3) (663.4) (564.0)
Total Stockholders' Equity 2,190.8 2,166.0 2,115.9 2,069.6 1,909.7 1,769.0 1,837.1 1,708.0 1,640.8 1,607.4 1,500.8 1,506.3 1,419.6 1,350.2 1,209.2 1,241.9 2,476.9
Total Liabilities & Equity 5,624.7 4,766.1 4,869.4 4,432.4 4,217.5 4,034.0 4,084.5 3,967.1 3,827.5 3,828.6 3,756.0 3,862.8 3,849.1 3,754.0 3,539.9 3,673.7 3,781.3
Debt Metrics
Total Debt 2,140.1 1,433.3 1,467.0 1,166.8 1,139.8 1,163.2 1,171.6 1,172.1 1,089.7 1,117.5 1,184.3 1,257.5 1,317.6 1,313.5 1,224.8 1,287.4 107.7
Net Debt 1,135.3 1,247.5 1,248.8 908.6 848.5 913.9 918.0 943.7 1,013.2 1,015.5 1,101.5 1,183.0 1,235.6 1,241.4 1,164.2 1,233.9 51.1
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Operating Activities
Net Income 50.0 226.8 56.5 68.1 69.8 55.0 69.5 84.4 61.6 58.3 59.1 67.2 33.2 62.3 53.3 56.0 56.4 40.6 61.4 78.1 58.5
Depreciation & Amortization 35.9 25.4 21.9 19.4 17.5 16.8 17.1 16.5 16.4 12.6 17.5 17.7 21.9 17.3 15.6 16.4 16.7 18.6 19.5 19.1 18.7
Stock-Based Compensation 0 4.4 2.6 4.5 5.4 5.3 4.6 5.8 4.1 5.0 3.7 4.5 3.0 3.4 4.2 3.6 1.7 1.3 1.7 1.7 1.6
Change in Working Capital (31.1) (38.9) 91.4 (42.0) (49.5) 54.2 8.3 (26.6) (50.2) 73.9 27.0 (25.7) (22.6) 29.2 6.0 (38.5) (62.2) 4.5 (11.4) (27.9) (15.0)
Other Non-Cash Items (3.1) (92.6) (90.1) 0.6 (5.0) 0.6 0.6 0.6 13.2 (1.2) 0.3 0.3 0.3 (5.3) (2.2) 0.6 0 (0.4) 0 (11.2) 0
Operating Cash Flow 46.9 97.1 81.5 46.6 35.4 126.9 101.0 83.0 44.5 122.4 107.4 62.7 38.1 91.4 79.5 27.3 16.1 58.7 69.5 59.8 62.8
Investing Activities
Capital Expenditure (13.7) (19.6) (11.2) (9.2) (7.3) (24.7) (10.6) (9.0) (7.4) (19.3) (11.9) (9.3) (7.7) (18.2) (8.3) (7.8) (5.9) (16.7) (8.0) (6.1) (4.7)
Acquisitions 0.3 0 0 0 0 (66.8) (65.6) 0.3 (17.7) 0 (0.4) 0.5 (18.7) (149.0) 0 0 0 0 0 (0.0) (4.9)
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 1.8 (352.4) (86.6) 4.6 0 (1.0) (1.6) (1.5) (0.6) 3.2 1.3 0.7 0.5 1.0 0.6 2.7 4.1 (0.3) 1.2 0.2
Investing Cash Flow (13.4) (17.8) (363.6) (95.8) (2.7) (91.5) (77.3) (10.3) (26.6) (19.9) (9.1) (7.5) (25.7) (166.7) (7.3) (7.2) (3.2) (12.6) (8.3) (5.0) (9.4)
Financing Activities
Net Debt Issuance 796.8 (3.7) 0 6.2 (2.5) (5.4) 0.4 100.8 (30.3) (72.3) (69.7) (57.8) (2.8) 84.5 (49.5) 1,185.9 (0.5) 0.4 (0.0) 0 (0.0)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (6.1) (6.1) (6.1) (4.9) (4.9) (4.9) (4.9) (3.6) (3.6) (3.6) (3.6) (3.0) (3.0) (3.0) (3.0) 0 0 0 0 0 0
Other Financing Activities (4.6) (103.8) 253.0 (7.8) (5.8) 1.3 (1.2) (16.9) 0 (1.6) (1.0) (0.0) (1.2) (1.3) (0.3) (1,205.6) 0.4 (46.3) (63.8) (56.0) (56.1)
Financing Cash Flow 786.2 (113.6) 246.9 (6.5) (13.1) (8.9) (5.7) 80.2 (33.9) (77.5) (74.3) (60.8) (7.0) 80.2 (52.8) (19.8) (0.1) (45.9) (63.8) (55.8) (56.1)
Cash Position
Net Change in Cash 818.9 (32.4) (40.0) (33.1) 42.0 (4.3) 25.2 152.0 (25.5) 19.2 8.4 (7.6) 10.0 11.4 7.2 (3.2) 15.4 (0.3) (3.0) (0.6) (4.1)
Cash at Beginning 185.9 218.2 258.2 291.3 249.4 253.7 228.5 76.5 102.0 82.8 74.4 82.1 72.0 60.6 53.5 56.6 41.2 41.5 44.5 45.2 49.2
Cash at End 1,004.8 185.9 218.2 258.2 291.3 249.4 253.7 228.5 76.5 102.0 82.8 74.4 82.1 72.0 60.6 53.5 56.6 41.2 41.5 44.5 45.2
Free Cash Flow 33.2 77.4 70.3 37.4 28.1 102.2 90.4 74.0 37.1 103.1 95.5 53.4 30.4 73.2 71.2 19.5 10.2 41.9 61.5 53.6 58.1
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Income Statement
Revenue 745.6 721.0 727.8 715.6 678.1 670.8 673.2 707.1 689.7 689.3 681.0 720.4 684 664.1 620.3 661.2 647.9 624.2 606.0 629.8 568.1
Gross Profit 275.1 219.7 269.3 266.0 255.2 258.3 253.8 270.3 255.0 254.7 249.7 263.9 247.4 224.4 209.3 227.5 224.3 212.8 207.0 218.4 199.8
Operating Income 100.6 166.2 106.6 109.1 109.8 111.4 106.0 119.4 110.7 103.7 101.1 108.6 90.7 78.6 81.0 85.9 83.6 73.0 78.7 82.2 72.3
Net Income 47.6 37.7 54.8 66.9 67.4 53.7 68.2 82.9 60.0 50.2 57.6 65.6 31.9 60.7 52.4 55.2 55.4 39.4 60.6 77.4 57.7
EPS (Diluted) 0.78 0.55 0.90 1.09 1.10 0.88 1.12 1.36 0.98 0.83 0.95 1.08 0.53 1.01 0.87 0.92 0.92 0.68 1.01 1.29 0.96
Balance Sheet
Cash & Equivalents 1,004.8 185.9 218.2 258.2 291.3 249.4 253.7 228.5 76.5 102.0 82.8 74.4 82.1 72.0 60.6 53.5 56.6
Total Assets 5,624.7 4,766.1 4,869.4 4,432.4 4,217.5 4,034.0 4,084.5 3,967.1 3,827.5 3,828.6 3,756.0 3,862.8 3,849.1 3,754.0 3,539.9 3,673.7 3,781.3
Total Debt 2,140.1 1,433.3 1,467.0 1,166.8 1,139.8 1,163.2 1,171.6 1,172.1 1,089.7 1,117.5 1,184.3 1,257.5 1,317.6 1,313.5 1,224.8 1,287.4 107.7
Stockholders' Equity 2,190.8 2,166.0 2,115.9 2,069.6 1,909.7 1,769.0 1,837.1 1,708.0 1,640.8 1,607.4 1,500.8 1,506.3 1,419.6 1,350.2 1,209.2 1,241.9 2,476.9
Cash Flow
Operating Cash Flow 46.9 97.1 81.5 46.6 35.4 126.9 101.0 83.0 44.5 122.4 107.4 62.7 38.1 91.4 79.5 27.3 16.1 58.7 69.5 59.8 62.8
Capital Expenditure (13.7) (19.6) (11.2) (9.2) (7.3) (24.7) (10.6) (9.0) (7.4) (19.3) (11.9) (9.3) (7.7) (18.2) (8.3) (7.8) (5.9) (16.7) (8.0) (6.1) (4.7)
Free Cash Flow 33.2 77.4 70.3 37.4 28.1 102.2 90.4 74.0 37.1 103.1 95.5 53.4 30.4 73.2 71.2 19.5 10.2 41.9 61.5 53.6 58.1