ESCO Technologies Inc. (ESE) Balance Sheet
ESE balance sheet, FY2025
September 30, 2025 · U.S. dollars$2.41B assets = $869.5M liabilities + $1.54B equity
Both columns are drawn to the same scale: what ESE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ESE financial health
Descriptive bands, not a rating. Fiscal FY2025.
ESE balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $978.4MFY2016 | $2.41BFY2025 | +10.5%/yr | |
| Total liabilities | $363.3MFY2016 | $869.5MFY2025 | +10.2%/yr | |
| Shareholders’ equity | $615.1MFY2016 | $1.54BFY2025 | +10.7%/yr | |
| Cash & short-term investments | $53.8MFY2016 | $101.3MFY2025 | +7.3%/yr | |
| Total debt | $110.0MFY2016 | $230.4MFY2025 | +8.6%/yr | |
| Net cash (debt) | −$56.2MFY2016 | −$129.1MFY2025 | −$72.9M | |
| Working capital | $165.4MFY2016 | $180.4MFY2025 | +$15.0M | |
| Book value per share | $23.69FY2016 | $59.47FY2025 | +10.8%/yr | |
| Current ratio | 2.05FY2016 | 1.35FY2025 | −0.69 | |
| Debt / equity | 0.18FY2016 | 0.15FY2025 | −0.03 | |
| Shares outstanding | 26.0MFY2016 | 25.9MFY2025 | −0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ESE assets
ESE liabilities and equity
ESE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ESE balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $101.3M | $66.0M | $41.9M | $97.7M | $56.2M | $52.6M | $61.8M | $30.5M | $45.5M | $53.8M |
| Cash & equivalents | $101.3M | $66.0M | $41.9M | $97.7M | $56.2M | $52.6M | $61.8M | $30.5M | $45.5M | $53.8M |
| Short-term investments | — | −$1 | — | — | — | — | — | $0 | $0 | $0 |
| Receivables | $344.3M | $288.8M | $337.2M | $289.8M | $240.1M | $238.4M | $289.7M | $216.8M | $207.9M | $150.2M |
| Inventory | $217.8M | $195.5M | $184.1M | $162.4M | $147.1M | $135.3M | $128.8M | $135.4M | $124.5M | $105.5M |
| Other current assets | $25.1M | $118.4M | $18.0M | $22.7M | $22.7M | $17.1M | $14.8M | $13.4M | $14.9M | $13.9M |
| Total current assets | $688.5M | $668.6M | $581.1M | $572.6M | $466.2M | $443.3M | $495.2M | $396.0M | $392.8M | $323.5M |
| Property, plant & equipment (net) | $220.2M | $186.7M | $195.3M | $185.1M | $186.1M | $161.3M | $161.5M | $135.0M | $132.7M | $92.4M |
| Goodwill & intangible assets | $1.49B | $933.5M | $895.3M | $887.2M | $914.1M | $754.7M | $802.3M | $727.0M | $729.0M | $555.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.8M | $49.8M | $11.5M | $9.5M | $11.0M | $10.9M | $7.8M | $7.1M | $5.9M | $7.1M |
| Total assets | $2.41B | $1.84B | $1.68B | $1.65B | $1.58B | $1.37B | $1.47B | $1.27B | $1.26B | $978.4M |
| Liabilities | ||||||||||
| Accounts payable | $96.5M | $88.9M | $87.0M | $78.7M | $56.7M | $50.5M | $71.4M | $63.0M | $54.8M | $42.1M |
| Short-term debt | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $22.4M | $21.3M | −$29.0M | −$31.0M | −$23.4M |
| Deferred revenue | $216.6M | $80.8M | $112.3M | $125.0M | $106.0M | $100.6M | $81.2M | $29.6M | $28.6M | $27.2M |
| Total current liabilities | $508.1M | $349.9M | $314.7M | $318.1M | $275.0M | $255.5M | $251.6M | $200.5M | $195.0M | $158.1M |
| Long-term debt | $181.0M | $118.6M | $100.4M | $133.0M | $134.0M | $40.0M | $293.4M | $200.0M | $255.0M | $90.0M |
| Lease obligations | $44.4M | $34.8M | $36.6M | $24.9M | $28.0M | $16.8M | — | — | — | — |
| Other long-term liabilities | $180.4M | $132.9M | $137.0M | $155.2M | $148.7M | $115.7M | $95.5M | $105.2M | $138.6M | $115.2M |
| Total liabilities | $869.5M | $601.3M | $552.1M | $606.3M | $557.6M | $411.2M | $640.5M | $505.7M | $588.5M | $363.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $309,000 | $308,000 | $308,000 | $307,000 | $307,000 | $306,000 | $306,000 | $305,000 | $305,000 | $304,000 |
| Retained earnings (deficit) | $1.37B | $1.08B | $989.3M | $905.0M | $831.0M | $775.8M | $684.7M | $606.8M | $516.7M | $471.3M |
| Treasury stock | — | — | — | — | −$107.1M | −$107.1M | −$107.3M | −$107.4M | −$107.6M | −$107.8M |
| Accumulated other comprehensive income | −$2.5M | −$10.8M | −$24.0M | −$31.8M | −$2.2M | −$3.7M | −$44.0M | −$31.5M | −$27.3M | −$39.3M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $1.54B | $1.24B | $1.13B | $1.05B | $1.02B | $959.0M | $826.2M | $759.4M | $671.9M | $615.1M |
| Key figures | ||||||||||
| Total debt | $230.4M | $156.8M | $138.6M | $177.9M | $182.0M | $79.2M | $314.7M | $220.0M | $275.0M | $110.0M |
| Net cash (debt) | −$129.1M | −$90.8M | −$96.7M | −$80.1M | −$125.8M | −$26.6M | −$252.9M | −$189.5M | −$229.5M | −$56.2M |
| Working capital | $180.4M | $318.8M | $266.4M | $254.5M | $191.2M | $187.8M | $243.6M | $195.5M | $197.8M | $165.4M |
| Tangible book value | $55.0M | $303.9M | $235.8M | $161.0M | $105.6M | $204.3M | $24.0M | $32.4M | −$57.1M | $59.7M |
| Book value per share | $59.47 | $47.83 | $43.71 | $40.21 | $38.88 | $36.70 | $31.66 | $29.14 | $25.85 | $23.69 |
| Shares outstanding | 25.9M | 25.9M | 25.9M | 26.1M | 26.2M | 26.1M | 26.1M | 26.1M | 26.0M | 26.0M |
| Current ratio | 1.35 | 1.91 | 1.85 | 1.80 | 1.70 | 1.74 | 1.97 | 1.97 | 2.01 | 2.05 |
| Quick ratio | 0.88 | 1.01 | 1.20 | 1.22 | 1.08 | 1.14 | 1.40 | 1.23 | 1.30 | 1.29 |
| Debt / equity | 0.15 | 0.13 | 0.12 | 0.17 | 0.18 | 0.08 | 0.38 | 0.29 | 0.41 | 0.18 |
| Equity / assets | 63.9% | 67.3% | 67.2% | 63.4% | 64.6% | 70.0% | 56.3% | 60.0% | 53.3% | 62.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $73.2M | $92.3M | $103.8M | $101.3M | $78.7M | $57.4M | $71.3M | $66.0M | $63.0M | $59.4M | $51.4M | $41.9M |
| Cash & equivalents | $73.2M | $92.3M | $103.8M | $101.3M | $78.7M | $57.4M | $71.3M | $66.0M | $63.0M | $59.4M | $51.4M | $41.9M |
| Receivables | $267.5M | $360.4M | $334.0M | $344.3M | $329.7M | $343.4M | $334.1M | $288.8M | $348.2M | $326.8M | $332.8M | $337.2M |
| Inventory | $240.5M | $237.1M | $227.2M | $217.8M | $237.1M | $231.2M | $219.4M | $195.5M | $219.3M | $211.3M | $202.6M | $184.1M |
| Other current assets | $174.2M | $37.1M | $24.7M | $25.1M | $109.1M | $28.8M | $20.8M | $118.4M | $22.3M | $24.3M | $16.4M | $18.0M |
| Total current assets | $755.5M | $726.8M | $689.7M | $688.5M | $754.7M | $660.8M | $645.5M | $668.6M | $652.9M | $621.9M | $603.2M | $581.1M |
| Property, plant & equipment (net) | $222.6M | $219.8M | $218.4M | $220.2M | $214.0M | $210.4M | $207.2M | $186.7M | $202.5M | $200.1M | $197.9M | $195.3M |
| Goodwill & intangible assets | $1.42B | $1.44B | $1.47B | $1.49B | $1.51B | $930.8M | $928.6M | $933.5M | $944.4M | $950.5M | $959.7M | $895.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $17.2M | $15.6M | $17.2M | $15.8M | $52.0M | $13.7M | $13.8M | $49.8M | $11.3M | $11.6M | $11.7M | $11.5M |
| Total assets | $2.42B | $2.41B | $2.40B | $2.41B | $2.53B | $1.82B | $1.80B | $1.84B | $1.81B | $1.78B | $1.77B | $1.68B |
| Liabilities | ||||||||||||
| Accounts payable | $116.5M | $106.7M | $92.3M | $96.5M | $86.2M | $81.2M | $75.9M | $88.9M | $83.4M | $82.0M | $78.0M | $87.0M |
| Short-term debt | $20.0M | $27.8M | $20.5M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M | $20.0M |
| Deferred revenue | $288.1M | $269.4M | $252.4M | $216.6M | $205.6M | $128.1M | $129.7M | $80.8M | $113.7M | $107.4M | $121.1M | $112.3M |
| Total current liabilities | $546.7M | $500.4M | $518.4M | $508.1M | $496.8M | $322.0M | $316.1M | $349.9M | $311.2M | $288.9M | $304.7M | $314.7M |
| Long-term debt | $65.0M | $125.0M | $125.0M | $181.0M | $520.4M | $83.8M | $108.2M | $118.6M | $153.0M | $171.0M | $152.0M | $82.0M |
| Lease obligations | $44.1M | $45.7M | $43.5M | $44.4M | $43.6M | $35.9M | $36.4M | $34.8M | $35.1M | $35.4M | $35.7M | $36.6M |
| Other long-term liabilities | $191.0M | $195.0M | $194.7M | $180.4M | $182.5M | $132.5M | $133.9M | $132.9M | $153.2M | $157.9M | $161.7M | $155.4M |
| Total liabilities | $802.7M | $820.4M | $838.1M | $869.5M | $1.20B | $538.3M | $558.1M | $601.3M | $617.4M | $617.8M | $618.4M | $552.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $310,000 | $310,000 | $309,000 | $309,000 | $309,000 | $309,000 | $309,000 | $308,000 | $308,000 | $308,000 | $308,000 | $308,000 |
| Retained earnings (deficit) | $1.46B | $1.43B | $1.40B | $1.37B | $1.16B | $1.13B | $1.10B | $1.08B | $1.05B | $1.02B | $1.00B | $989.3M |
| Accumulated other comprehensive income | −$15.4M | −$13.3M | −$1.8M | −$2.5M | $2.4M | −$20.7M | −$28.8M | −$10.8M | −$20.3M | −$19.3M | −$14.6M | −$24.0M |
| Total shareholders' equity | $1.62B | $1.59B | $1.56B | $1.54B | $1.33B | $1.28B | $1.24B | $1.24B | $1.19B | $1.17B | $1.15B | $1.13B |
| Key figures | ||||||||||||
| Total debt | $129.1M | $212.7M | $189.0M | $230.4M | $568.6M | $123.9M | $148.4M | $156.8M | $208.1M | $226.4M | $207.7M | $138.6M |
| Net cash (debt) | −$55.9M | −$120.4M | −$85.2M | −$129.1M | −$489.9M | −$66.6M | −$77.1M | −$90.8M | −$145.1M | −$167.0M | −$156.3M | −$96.7M |
| Working capital | $208.8M | $226.4M | $171.3M | $180.4M | $257.9M | $338.7M | $329.4M | $318.8M | $341.7M | $333.0M | $298.5M | $266.4M |
| Tangible book value | $192.5M | $141.9M | $87.1M | $55.0M | −$179.0M | $346.5M | $308.3M | $303.9M | $249.3M | $215.9M | $194.4M | $235.8M |
| Book value per share | $62.25 | $61.19 | $60.31 | $59.43 | $51.19 | $49.44 | $47.88 | $47.83 | $46.20 | $45.13 | $44.65 | $43.74 |
| Shares outstanding | 26.0M | 25.9M | 25.9M | 25.9M | 25.9M | 25.8M | 25.8M | 25.9M | 25.8M | 25.8M | 25.8M | 25.9M |
| Current ratio | 1.38 | 1.45 | 1.33 | 1.35 | 1.52 | 2.05 | 2.04 | 1.91 | 2.10 | 2.15 | 1.98 | 1.85 |
| Quick ratio | 0.62 | 0.90 | 0.84 | 0.88 | 0.82 | 1.24 | 1.28 | 1.01 | 1.32 | 1.34 | 1.26 | 1.20 |
| Debt / equity | 0.08 | 0.13 | 0.12 | 0.15 | 0.43 | 0.10 | 0.12 | 0.13 | 0.17 | 0.19 | 0.18 | 0.12 |
| Equity / assets | 66.8% | 65.9% | 65.1% | 63.9% | 52.5% | 70.4% | 68.9% | 67.3% | 65.9% | 65.4% | 65.1% | 67.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 1, 2025); data from EODHD.
ESE financial position
At the end of fiscal 2025 (September 30, 2025), ESCO Technologies had total assets of $2.4 billion (up 31.1% from a year earlier), total liabilities of $869.5 million and shareholders' equity of $1.5 billion. It held $101.3 million in cash and short-term investments against $230.4 million of debt, net debt of $129.1 million. Its current ratio was 1.35. In the latest quarter (ended June 30, 2026) total assets were $2.4 billion and equity $1.6 billion.
Related: ESE income statement, ESE cash flow statement, ESE key metrics. See the ESE stock overview for the latest quote and news.
ESE balance sheet FAQ
What are ESCO Technologies's total assets?
ESCO Technologies reported total assets of $2.4 billion at the end of fiscal 2025 (September 30, 2025), compared with $1.8 billion a year earlier.
How much debt does ESCO Technologies have?
ESCO Technologies had $230.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.15.
How much cash does ESCO Technologies have?
ESCO Technologies held $101.3 million in cash and short-term investments at the end of fiscal 2025; with $230.4 million of debt that is net debt of $129.1 million.
What is ESCO Technologies's book value?
ESCO Technologies's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $59.47 per share.
What is ESCO Technologies's current ratio?
ESCO Technologies had current assets of $688.5 million and current liabilities of $508.1 million, a current ratio of 1.35 (it can cover its short-term obligations).
How much goodwill does ESCO Technologies have?
ESCO Technologies carried $1.5 billion of goodwill and intangible assets, 61.6% of total assets, at the end of fiscal 2025.