ESAB Corporation (ESAB) Income Statement
ESAB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsESAB revenue and net income
Where ESAB's revenue goes
2025Each bar shows an amount and its share of revenue. ESAB kept 8.0% of revenue as net income.
ESAB profit margins
ESAB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.7% | +3.1% | +7.8% | — |
| Gross profit | −2.6% | +4.5% | +8.2% | — |
| Operating income | +9.9% | +14.3% | +19.5% | — |
| Net income | −14.4% | +0.4% | +7.6% | — |
| EPS (diluted) | +4.6% | +7.8% | +15.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ESAB quarterly EPS vs estimates
ESAB beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.34).
ESAB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.74B | $2.77B | $2.59B | $2.43B | $1.95B | $2.25B |
| Cost of revenue | $1.83B | $1.70B | $1.76B | $1.71B | $1.59B | $1.27B | $1.45B |
| Gross profit | $1.01B | $1.04B | $1.02B | $885.5M | $838.0M | $682.5M | $796.4M |
| Research & development | $44.0M | $39.2M | $38.8M | $36.0M | $39.7M | $34.8M | $32.2M |
| Sales, general & admin | $608.4M | $579.8M | $582.2M | $524.2M | $501.6M | $458.7M | $550.9M |
| Total operating expenses | $518.4M | $590.0M | $611.6M | $556.5M | $531.8M | $480.3M | $540.4M |
| Operating income | $491.8M | $447.4M | $404.2M | $329.1M | $306.2M | $202.1M | $256.1M |
| Interest expense | $79.3M | $64.9M | $85.1M | $38.0M | $39.8M | $42.0M | $50.9M |
| Income before taxes | $328.3M | $370.4M | $319.1M | $300.3M | $319.1M | $205.8M | $221.5M |
| Income taxes | $69.2M | $77.3M | $95.7M | $69.2M | $80.4M | $46.0M | $44.7M |
| Net income | $226.8M | $264.8M | $205.3M | $223.7M | $235.1M | $157.4M | $172.9M |
| EBITDA | $491.7M | $531.6M | $509.4M | $436.3M | $404.8M | $299.2M | $354.8M |
| EPS (diluted) | $5.28 | $5.05 | $4.46 | $4.22 | $1.13 | $2.62 | — |
| Gross margin | 35.5% | 37.9% | 36.6% | 34.1% | 34.5% | 35.0% | 35.4% |
| Operating margin | 17.3% | 16.3% | 14.6% | 12.7% | 12.6% | 10.4% | 11.4% |
| Net margin | 8.0% | 9.7% | 7.4% | 8.6% | 9.7% | 8.1% | 7.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $807.6M | $745.6M | $721.0M | $727.8M | $715.6M | $678.1M | $670.8M | $673.2M | $707.1M | $689.7M | $689.3M | $681.0M |
| Cost of revenue | $500.4M | $470.5M | $501.3M | $458.5M | $449.5M | $422.9M | $412.4M | $419.5M | $436.7M | $434.7M | $434.6M | $431.3M |
| Gross profit | $307.2M | $275.1M | $219.7M | $269.3M | $266.0M | $255.2M | $258.3M | $253.8M | $270.3M | $255.0M | $254.7M | $249.7M |
| Research & development | — | $12.5M | $10.1M | — | $10.5M | $10.1M | $10.2M | $9.2M | $9.7M | $10.1M | $10.7M | $9.0M |
| Sales, general & admin | $210.2M | $174.5M | $155.6M | $158.3M | $155.6M | $140.9M | $145.2M | $145.9M | $146.2M | $142.4M | $150.1M | $145.4M |
| Total operating expenses | $228.5M | $174.5M | $53.4M | $162.7M | $157.0M | $145.4M | $146.9M | $147.8M | $151.0M | $144.4M | $151.0M | $148.6M |
| Operating income | $78.7M | $100.6M | $166.2M | $106.6M | $109.1M | $109.8M | $111.4M | $106.0M | $119.4M | $110.7M | $103.7M | $101.1M |
| Interest expense | $30.6M | $25.6M | $17.9M | $23.6M | $21.0M | $16.8M | $15.0M | $16.9M | $15.9M | $17.1M | $31.4M | $20.5M |
| Income before taxes | $48.1M | $64.9M | $64.1M | $83.0M | $88.1M | $93.1M | $96.5M | $89.1M | $103.4M | $81.4M | $77.5M | $80.6M |
| Income taxes | $11.7M | $13.1M | $12.7M | $17.7M | $18.3M | $20.5M | $22.9M | $18.1M | $17.9M | $18.5M | $17.9M | $19.8M |
| Net income | $32.4M | $47.6M | $37.7M | $54.8M | $66.9M | $67.4M | $53.7M | $68.2M | $82.9M | $60.0M | $50.2M | $57.6M |
| EBITDA | $106.6M | $126.4M | $107.4M | $133.8M | $129.8M | $131.8M | $136.8M | $125.0M | $140.7M | $129.0M | $134.1M | $121.8M |
| EPS (diluted) | $1.33 | $1.31 | $1.35 | $1.32 | $1.36 | $1.25 | $1.28 | $1.25 | $1.32 | $1.20 | $1.13 | $1.08 |
| Gross margin | 38.0% | 36.9% | 30.5% | 37.0% | 37.2% | 37.6% | 38.5% | 37.7% | 38.2% | 37.0% | 37.0% | 36.7% |
| Operating margin | 9.7% | 13.5% | 23.1% | 14.6% | 15.2% | 16.2% | 16.6% | 15.7% | 16.9% | 16.0% | 15.0% | 14.9% |
| Net margin | 4.0% | 6.4% | 5.2% | 7.5% | 9.3% | 9.9% | 8.0% | 10.1% | 11.7% | 8.7% | 7.3% | 8.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ESAB's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ESAB financial results
In fiscal year 2025 (ended December 31, 2025), ESAB reported revenue of $2.8 billion, up 3.7% from the year before. It had net income of $226.8 million (down 14.4%), a net profit margin of 8.0%. Diluted earnings per share came to $5.28. Over five years revenue grew at an average rate of 7.8% a year.
See the ESAB stock overview for the latest quote and news, or the ESAB chart for price history and technical indicators.
ESAB income statement FAQ
What is ESAB's annual revenue?
ESAB reported total revenue of $2.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.7% from $2.7 billion the previous year.
Is ESAB profitable?
Yes. ESAB reported net income of $226.8 million in fiscal 2025, a net profit margin of 8.0%; its operating margin was 17.3%.
What is ESAB's gross margin?
ESAB's gross margin was 35.5% in fiscal 2025: for every $100 of revenue, ESAB kept $36 after the direct cost of its products and services.
How much does ESAB spend on research and development?
ESAB spent $44.0 million on research and development in fiscal 2025, 1.5% of revenue.
How fast is ESAB growing?
Revenue grew 7.8% a year on average over the last five fiscal years, from $2.0 billion to $2.8 billion.
What are ESAB's earnings per share?
ESAB earned $5.28 per diluted share in fiscal 2025, compared with $5.05 a year earlier.
When will ESAB report its next earnings?
ESAB is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does ESAB's fiscal year end?
ESAB's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.