ESAB
Fabrication and gas-control systems for industrial workflows.
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Profile
Fabrication consumables and equipment for welding, cutting, joining, and automated workflows sit alongside gas-control systems. Geographic reporting spans the Americas and EMEA & APAC, with acquisitions extending the portfolio into inspection and monitoring.
Fabrication Technology supplies consumables and equipment for cutting, joining, welding, robotics, automation, and digital workflows. Gas Control provides pressure- and flow-control equipment for industrial, medical, life-sciences, and specialty-gas applications.
Operations are reported through the Americas and EMEA & APAC, while products are sold to customers worldwide. Acquisitions have expanded the offering into advanced inspection and monitoring, alongside fabrication and gas-control capabilities.
ESAB Business Excellence combines lean problem-solving, repeatable improvement processes, collaboration, and voice-of-customer research. The business depends on global industrial demand, supply chains, customer creditworthiness, trade policy, foreign exchange, commodity prices, and geopolitical conditions.
Company facts
Key statistics
Year to date −32.1% · Average volume (30d) 692.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 20, 2026 | Stifel Nicolaus | Target | $141 | $137 | |
| Jul 7, 2026 | Roth Capital | Reiterate | Buy | $142 | $151 |
| Jun 15, 2026 | D.A. Davidson | Target | $130 | ||
| May 8, 2026 | Stifel Nicolaus | Target | $158 | $141 | |
| Apr 16, 2026 | Roth Capital | Target | $146 | $142 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.36 | $1.33 | −2.2% | $755.6M | $807.6M | +6.9% | +2.21% |
| May 7, 2026Q1 FY26 | $1.32 | $1.31 | −0.8% | $706.7M | $745.6M | +5.5% | −1.42% |
| Feb 20, 2026Q4 FY25 | $1.34 | $1.35 | +0.7% | $687.8M | $687.6M | 0.0% | −4.65% |
| Oct 29, 2025Q3 FY25 | $1.27 | $1.32 | +3.9% | $707.7M | $727.8M | +2.9% | +3.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $678.1M | $715.6M | $727.8M | $721.0M | $745.6M | $807.6M | |
| Gross profit | $255.2M | $266.0M | $269.3M | $219.7M | $275.1M | $307.2M | |
| Operating income | $109.8M | $109.1M | $106.6M | $166.2M | $100.6M | $78.7M | |
| Net income | $67.4M | $66.9M | $54.8M | $37.7M | $47.6M | $32.4M | |
| Diluted EPS | $1.10 | $1.09 | $0.90 | $0.55 | $0.78 | $0.50 | |
| Gross margin | 37.6% | 37.2% | 37.0% | 30.5% | 36.9% | 38.0% | |
| Operating margin | 16.2% | 15.2% | 14.6% | 23.1% | 13.5% | 9.7% |
Fiscal years (4-quarter sums)FY21 $2.43B · FY22 $2.59B · FY23 $2.77B · FY24 $2.74B · FY25 $2.84B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $217.5M · Total debt $2.42B · Total assets $6.56B · Shareholders' equity $2.54B
Dividends
Raised for 2 straight years — most recently to $0.12 from $0.10 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 2, 2026 | Jul 3 | Jul 17 | $0.12 | raised from $0.10 |
| Apr 2, 2026 | Apr 2 | Apr 17 | $0.10 | |
| Dec 31, 2025 | Dec 31 | Jan 16 | $0.10 | |
| Oct 3, 2025 | Oct 3 | Oct 17 | $0.10 | |
| Jul 3, 2025 | Jul 3 | Jul 18 | $0.10 | raised from $0.08 |
| Apr 4, 2025 | Apr 4 | Apr 17 | $0.08 | |
| Dec 31, 2024 | Dec 31 | Jan 17 | $0.08 | |
| Sep 27, 2024 | Sep 27 | Oct 11 | $0.08 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 60.88M · Float 56.82M · 93.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Price T Rowe Associates Inc /MD/ | 8.13M | 13.35% | 13F | Aug 14, 2026 |
| T. Rowe Price Investment Management, Inc. | 7.62M | 12.52% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 5.32M | 8.74% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 3.05M | 5.01% | 13G | Jul 31, 2026 |
| Invesco Ltd. | 2.77M | 4.55% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Rhonda L. Jordan | director | −1,000 | $95.00 |
| Feb 27, 2026 | Michele Campion | officer: Chief Human Resources Officer | −5,096 | $122.63 |
| Feb 23, 2026 | Shyam Kambeyanda | director, officer: President and CEO | −59,404 | $123.79 |
| Feb 6, 2026 | Kevin J. Johnson | officer: Chief Financial Officer | −3,494 | $134.62 |
| Nov 11, 2025 | Rajiv Vinnakota | director | −2,783 | $114.50 |
Peers
- Lincoln Electric
Broad overlap in welding, cutting, automation and gas regulators
- Illinois Tool Works
ITW Welding brands overlap in equipment and filler metals
- Vanguard Mid-Cap Value ETF
Specialty welding consumables and premium wire overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ESAB | $76.43 | +0.03% | $4.65B | 28.0 | 12.9 | 1.6 | +12.9% |
| Lincoln Electric | $284.90 | −0.01% | $15.53B | 28.5 | 23.8 | 3.5 | +12.0% |
| Illinois Tool Works | $279.80 | −0.11% | $80.58B | 25.4 | 23.8 | 4.9 | +6.1% |
| Vanguard Mid-Cap Value ETF | $207.75 | −0.02% | $37.79B | — | — | — | — |
| Median | 26.9 | 23.8 | 4.2 | +9.1% |