Financial Snapshot

Revenue
$2.759B
TTM
Gross Margin
37.46%
TTM
Net Earnings
$259.8M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
191.74%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.878B
Q3 2024
Cash
Q3 2024
P/E
30.48
Nov 29, 2024 EST
Free Cash Flow
$304.5M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $2.775B $2.593B $2.428B $1.950B $2.247B
YoY Change 6.99% 6.81% 24.51% -13.22%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $2.775B $2.593B $2.428B $1.950B $2.247B
Cost Of Revenue $1.759B $1.708B $1.590B $1.268B $1.451B
Gross Profit $1.016B $885.5M $838.0M $682.5M $796.4M
Gross Profit Margin 36.61% 34.14% 34.51% 35.0% 35.44%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $587.5M $533.4M $468.5M $416.1M $476.7M
YoY Change 10.14% 13.84% 12.59% -12.71%
% of Gross Profit 57.84% 60.23% 55.91% 60.97% 59.85%
Research & Development $38.80M $36.00M $39.70M $34.80M
YoY Change 7.78% -9.32% 14.08%
% of Gross Profit 3.82% 4.07% 4.74% 5.1%
Depreciation & Amortization $75.03M $65.98M $75.90M $76.64M $80.07M
YoY Change 13.73% -13.07% -0.97% -4.28%
% of Gross Profit 7.39% 7.45% 9.06% 11.23% 10.05%
Operating Expenses $626.3M $569.4M $510.6M $457.9M $518.3M
YoY Change 9.99% 11.51% 11.51% -11.65%
Operating Profit $404.2M $329.1M $327.4M $224.5M $278.2M
YoY Change 22.82% 0.52% 45.79% -19.27%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$96.46M -$40.55M -$529.0K $2.925M -$37.00K
YoY Change 137.9% 7564.84% -118.09% -8005.41%
% of Operating Profit -23.87% -12.32% -0.16% 1.3% -0.01%
Other Income/Expense, Net $0.00 $9.136M $11.21M $0.00 -$33.62M
YoY Change -100.0% -18.49% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $319.1M $300.3M $319.1M $205.8M $221.5M
YoY Change 6.28% -5.9% 55.02% -7.06%
Income Tax $95.73M $69.17M $80.41M $45.97M $44.74M
% Of Pretax Income 30.0% 23.04% 25.2% 22.33% 20.2%
Net Earnings $205.3M $223.7M $235.1M $157.4M $172.9M
YoY Change -8.25% -4.83% 49.36% -8.96%
Net Earnings / Revenue 7.4% 8.63% 9.68% 8.07% 7.69%
Basic Earnings Per Share $3.39 $3.70 $3.92 $2.62
Diluted Earnings Per Share $3.36 $3.69 $3.916M $2.622M $2.880M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $102.0M $72.02M $41.21M $49.21M
YoY Change 41.62% 74.78% -16.26%
Cash & Equivalents $102.0M $72.02M $41.21M $49.21M
Short-Term Investments
Other Short-Term Assets $117.7M $125.5M $119.3M $112.8M
YoY Change -6.24% 5.18% 5.78%
Inventory $392.9M $416.8M $420.1M $313.4M
Prepaid Expenses
Receivables $385.2M $374.3M $383.5M $329.6M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $997.7M $988.7M $964.1M $804.9M
YoY Change 0.92% 2.55% 19.77%
Property, Plant & Equipment $389.9M $376.3M $394.2M $395.9M
YoY Change 3.63% -4.56% -0.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $353.1M $342.2M $48.54M $54.43M
YoY Change 3.21% 604.89% -10.82%
Total Long-Term Assets $2.831B $2.765B $2.497B $2.581B
YoY Change 2.37% 10.74% -3.24%
Total Assets $3.829B $3.754B $3.461B $3.386B
YoY Change
Accounts Payable $306.6M $316.3M $345.5M $241.3M
YoY Change -3.06% -8.46% 43.19%
Accrued Expenses $251.0M $233.5M $228.8M $198.0M
YoY Change 7.51% 2.04% 15.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $620.1M $601.6M $596.6M $460.8M
YoY Change 3.08% 0.84% 29.46%
Long-Term Debt $1.018B $1.219B $0.00 $0.00
YoY Change -16.46%
Other Long-Term Liabilities $423.4M $405.7M $191.1M $192.5M
YoY Change 4.37% 112.23% -0.72%
Total Long-Term Liabilities $1.441B $1.624B $191.1M $192.5M
YoY Change -11.26% 749.8% -0.72%
Total Liabilities $2.221B $2.404B $1.001B $883.2M
YoY Change -7.6% 140.25% 13.28%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 60.23M shares 60.05B shares 60.03M shares 60.03M shares
Diluted Shares Outstanding 60.66M shares 60.15B shares 60.03M shares 60.03M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $7.9187 Billion

About ESAB Corp

ESAB Corp. engages in fabrication technology and gas control solutions. The company is headquartered in North Bethesda, Maryland and currently employs 9,000 full-time employees. The company went IPO on 2022-03-21. The firm provides its partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions, which enable everyday work. Its segments include Americas, and EMEA & APAC. The Americas segment which includes operations in North America and South America. The EMEA & APAC segment which includes Europe, Middle East, India, Africa, and Asia Pacific. The Company’s products are utilized to solve challenges in a range of industries, including cutting, joining and automated welding. Its products are marketed under various brand names, such as ESAB, which provides a comprehensive range of welding consumables, including electrodes, cored and solid wires, and fluxes using a range of specialty and other materials, and cutting consumables including electrodes, nozzles, and tips. ESAB’s equipment ranges from portable welding machines to large customized automated cutting and welding systems.

Industry: General Industrial Machinery & Equipment, NEC Peers: ALBANY INTERNATIONAL CORP /DE/ Altra Industrial Motion Corp. Hillenbrand, Inc. Enpro Inc. ESCO TECHNOLOGIES INC ILLINOIS TOOL WORKS INC JBT Marel Corp KADANT INC KENNAMETAL INC SPX Technologies, Inc.