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ESCO Technologies Inc. (ESE) 10-Year Financial Performance & Capital Metrics

ESE • • Industrial / General
TechnologyTech Hardware & EquipmentCommunications & Defense ElectronicsDefense & Aerospace Electronics
AboutESCO Technologies Inc. produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines. It also designs, develops, and manufactures elastomeric-based signature reduction solutions for U.S. naval vessels; and mission-critical bushings, pins, sleeves, and precision-tolerance machined components for landing gear, rotor heads, engine mounts, flight controls, and actuation systems for the aerospace and defense industries. The Utility Solutions Group segment provides diagnostic testing solutions that enable electric power grid operators to assess the integrity of high-voltage power delivery equipment; and decision support tools for the renewable energy industry, primarily wind and solar. The RF Shielding and Test segment designs and manufactures RF test and secure communication facilities, acoustic test enclosures, RF and magnetically shielded rooms, RF measurement systems, and broadcast and recording studios; and RF absorptive materials and filters, active compensation systems, antennas, antenna masts, turntables, electric and magnetic probes, RF test cells, proprietary measurement software, and other test accessories to perform various tests. It also provides services, such as calibration for antennas and field probes, chamber certification, field surveys, customer training, and various product tests. The company distributes its products through a network of distributors, sales representatives, direct sales teams, and in-house sales personnel. The company was incorporated in 1990 and is based in St. Louis, Missouri.Show more
  • Revenue $1.1B +6.7%
  • EBITDA $191M -5.6%
  • Net Income $299M +193.7%
  • EPS (Diluted) 11.55 +193.1%
  • Gross Margin 42.09% +7.0%
  • EBITDA Margin 17.47% -11.5%
  • Operating Margin 10.62% -25.9%
  • Net Margin 27.32% +175.3%
  • ROE 21.37% +148.3%
  • ROIC 5.73% -32.4%
  • Debt/Equity 0.15 +1.4%
  • Interest Coverage 6.64 -31.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 24.7%
  • ✓Healthy 5Y average net margin of 13.1%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.38%
5Y8.37%
3Y8.5%
TTM13.13%

Profit (Net Income) CAGR

10Y21.55%
5Y24.66%
3Y53.76%
TTM193.7%

EPS CAGR

10Y21.7%
5Y67.35%
3Y54.04%
TTM193.15%

ROCE

10Y Avg8.79%
5Y Avg8.4%
3Y Avg8.93%
Latest6.89%

Peer Comparison

Defense & Aerospace Electronics
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ESEESCO Technologies Inc.5.54B214.1718.546.68%25.76%19.14%2.96%0.15
MINDMIND Technology, Inc.97.52M10.7916.8628.36%6.61%7.64%0.22%0.05
SATLSatellogic Inc.445.84M3.57-2.7927.75%-5.3%
MTEKMaris-Tech Ltd.11.71M1.45-9.0650.8%-39.33%-115.85%0.18
BKSYBlackSky Technology Inc.921.77M25.61-9.598.04%-87.3%-97.54%1.24

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+571.46M685.74M771.58M812.97M732.91M715.44M857.5M956.03M1.03B1.1B
Revenue Growth %0.06%0.2%0.13%0.05%-0.1%-0.02%0.2%0.11%0.07%0.07%
Cost of Goods Sold+350.81M436.92M490.4M508.52M457.42M445.05M525.46M580.38M622.74M634.3M
COGS % of Revenue0.61%0.64%0.64%0.63%0.62%0.62%0.61%0.61%0.61%0.58%
Gross Profit+220.65M248.82M281.19M304.45M272.16M270.39M332.05M375.66M404.02M461.08M
Gross Margin %0.39%0.36%0.36%0.37%0.37%0.38%0.39%0.39%0.39%0.42%
Gross Profit Growth %0.09%0.13%0.13%0.08%-0.11%-0.01%0.23%0.13%0.08%0.14%
Operating Expenses+143.12M164.77M180.76M191.6M181.3M188.36M221.06M230.11M256.82M308.23M
OpEx % of Revenue0.25%0.24%0.23%0.24%0.25%0.26%0.26%0.24%0.25%0.28%
Selling, General & Admin131.49M148.43M162.43M172.11M159.49M167.53M195.13M217.11M224.01M234.64M
SG&A % of Revenue0.23%0.22%0.21%0.21%0.22%0.23%0.23%0.23%0.22%0.21%
Research & Development12.86M15.5M13M12.1M13.3M15.4M12.3M13M12M0
R&D % of Revenue0.02%0.02%0.02%0.01%0.02%0.02%0.01%0.01%0.01%-
Other Operating Expenses0680K-3.65M7.39M8.51M5.43M13.64M020.8M73.59M
Operating Income+77.53M84.05M100.43M110.61M90.86M82.03M111.29M129.59M147.2M116.3M
Operating Margin %0.14%0.12%0.13%0.14%0.12%0.11%0.13%0.14%0.14%0.11%
Operating Income Growth %0.22%0.08%0.19%0.1%-0.18%-0.1%0.36%0.16%0.14%-0.21%
EBITDA+101.1M116.28M138.18M146.61M132.2M124.08M159.63M180.12M202.61M191.32M
EBITDA Margin %0.18%0.17%0.18%0.18%0.18%0.17%0.19%0.19%0.2%0.17%
EBITDA Growth %0.23%0.15%0.19%0.06%-0.1%-0.06%0.29%0.13%0.12%-0.06%
D&A (Non-Cash Add-back)23.57M32.23M37.76M35.99M41.34M42.05M48.34M50.52M55.41M75.02M
EBIT69.73M84.73M96.77M106.82M43.14M82.93M111.29M127.72M145.14M170.35M
Net Interest Income+-1.31M-4.58M-8.8M-8.09M-6.73M-2.25M-4.85M-8.77M-15.25M-17.5M
Interest Income0000000000
Interest Expense1.31M4.58M8.75M8.09M6.73M2.25M4.85M8.77M15.25M17.5M
Other Income/Expense-9.11M-3.9M-5.59M-8.94M0-1.36M-4.55M-26.6M-17.31M36.55M
Pretax Income+68.42M80.15M88.02M102.22M36.41M80.67M106.44M118.95M129.89M152.85M
Pretax Margin %0.12%0.12%0.11%0.13%0.05%0.11%0.12%0.12%0.13%0.14%
Income Tax+22.54M26.45M-4.11M21.18M13.51M17.18M24.11M26.4M28.01M36.55M
Effective Tax Rate %0.67%0.67%1.05%0.79%2.73%0.79%0.77%0.78%0.78%1.96%
Net Income+45.88M53.7M92.14M81.04M99.41M63.5M82.32M92.55M101.88M299.22M
Net Margin %0.08%0.08%0.12%0.1%0.14%0.09%0.1%0.1%0.1%0.27%
Net Income Growth %0.08%0.17%0.72%-0.12%0.23%-0.36%0.3%0.12%0.1%1.94%
Net Income (Continuing)45.88M53.7M86.26M77.49M22.9M63.5M82.32M92.55M101.88M116.3M
Discontinued Operations005.88M3.55M76.52M000010.28M
Minority Interest0000000000
EPS (Diluted)+1.772.073.543.110.882.423.163.583.9411.55
EPS Growth %0.09%0.17%0.71%-0.12%-0.72%1.75%0.31%0.13%0.1%1.93%
EPS (Basic)1.782.083.563.120.882.443.173.593.9611.55
Diluted Shares Outstanding25.97M26M26.06M26.1M26.14M26.23M26.07M25.88M25.87M25.91M
Basic Shares Outstanding25.72M25.83M25.87M25.95M26.01M26.05M25.93M25.79M25.75M25.91M
Dividend Payout Ratio0.18%0.15%0.09%0.1%0.08%0.13%0.1%0.09%0.08%0.03%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+323.48M392.79M396.02M495.19M443.29M466.15M572.62M581.1M668.65M688.51M
Cash & Short-Term Investments53.83M45.52M30.48M61.81M52.56M56.23M97.72M41.87M65.96M101.35M
Cash Only53.83M45.52M30.48M61.81M52.56M56.23M97.72M41.87M65.96M101.35M
Short-Term Investments0000000000
Accounts Receivable150.23M207.87M216.77M268.93M238.38M240.11M289.8M337.19M371.21M344.28M
Days Sales Outstanding95.96110.64102.55120.74118.72122.5123.35128.73131.96114.72
Inventory105.54M124.52M135.42M128.82M136.19M147.15M162.4M184.07M209.16M0
Days Inventory Outstanding109.81104.02100.7992.47108.67120.68112.81115.76122.59-
Other Current Assets13.88M14.89M13.36M35.63M16.16M22.66M22.7M17.97M22.31M242.87M
Total Non-Current Assets+654.89M867.65M869.1M971.53M926.89M1.11B1.08B1.1B1.17B1.71B
Property, Plant & Equipment92.41M132.75M134.95M161.47M161.26M186.11M185.12M195.32M208.34M0
Fixed Asset Turnover6.18x5.17x5.72x5.03x4.54x3.84x4.63x4.89x4.93x-
Goodwill323.62M377.88M381.65M409.21M408.06M504.85M492.71M503.18M539.9M761.93M
Intangible Assets231.76M351.13M345.35M393.05M346.63M409.25M394.46M392.12M407.6M723.97M
Long-Term Investments0000000000
Other Non-Current Assets7.11M5.89M7.14M7.79M10.94M10.98M9.54M11.49M14.13M220.2M
Total Assets+978.37M1.26B1.27B1.47B1.37B1.58B1.65B1.68B1.84B2.39B
Asset Turnover0.58x0.54x0.61x0.55x0.53x0.45x0.52x0.57x0.56x0.46x
Asset Growth %0.13%0.29%0%0.16%-0.06%0.15%0.05%0.02%0.09%0.3%
Total Current Liabilities+158.08M194.97M200.53M251.63M256.03M277.76M318.13M314.65M349.85M508.15M
Accounts Payable42.07M54.79M63.03M63.8M50.52M56.67M78.75M86.97M98.37M96.53M
Days Payables Outstanding43.7845.7746.9245.7940.3246.4854.754.757.6655.55
Short-Term Debt20M20M20M21.83M22.37M20M20M20M20M20M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities00047.06M545K-6.72M0-6.57M0113.02M
Current Ratio2.05x2.01x1.97x1.97x1.73x1.68x1.80x1.85x1.91x1.35x
Quick Ratio1.38x1.38x1.30x1.46x1.20x1.15x1.29x1.26x1.31x1.35x
Cash Conversion Cycle161.99168.89156.42167.41187.07196.7181.47189.8196.9-
Total Non-Current Liabilities+205.19M393.56M305.18M388.86M155.9M279.88M288.17M237.42M251.42M361.37M
Long-Term Debt90M255M200M265M40M134M133M82M102M210.4M
Capital Lease Obligations00029.98M45.11M55.38M24.85M54.96M51.36M44.4M
Deferred Tax Liabilities69.56M86.38M64.79M64.86M60.94M73.56M82.02M75.53M75.33M112.39M
Other Non-Current Liabilities45.62M52.18M40.39M09.85M16.94M48.29M24.93M22.72M38.58M
Total Liabilities363.26M588.53M505.71M640.5M411.93M557.65M606.3M552.07M601.27M830.94M
Total Debt+110M275M220M286.26M114.43M216.1M177.85M163.53M179.83M230.4M
Net Debt56.17M229.48M189.52M224.45M61.87M159.87M80.13M121.67M113.87M230.4M
Debt / Equity0.18x0.41x0.29x0.35x0.12x0.21x0.17x0.14x0.15x0.15x
Debt / EBITDA1.09x2.36x1.59x1.95x0.87x1.74x1.11x0.91x0.89x1.20x
Net Debt / EBITDA0.56x1.97x1.37x1.53x0.47x1.29x0.50x0.68x0.56x1.20x
Interest Coverage59.27x18.36x11.48x13.67x13.50x36.38x22.94x14.78x9.65x6.64x
Total Equity+615.11M671.92M759.41M826.22M961.6M1.02B1.05B1.13B1.24B1.56B
Equity Growth %0.05%0.09%0.13%0.09%0.16%0.06%0.03%0.08%0.09%0.26%
Book Value per Share23.6925.8529.1431.6636.7938.8840.2143.7147.8360.35
Total Shareholders' Equity615.11M671.92M759.41M826.22M961.6M1.02B1.05B1.13B1.24B1.54B
Common Stock304K305K305K306K306K307K307K308K308K309K
Retained Earnings471.27M516.72M606.84M684.74M778.4M830.99M905.02M989.32M1.08B1.37B
Treasury Stock-107.77M-107.58M-107.39M-107.26M-107.13M-107.08M-126.96M-139.36M-147.07M0
Accumulated OCI-39.28M-27.31M-31.53M-43.97M-3.66M-2.16M-31.76M-23.97M-10.78M-2.47M
Minority Interest0000000000

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+73.86M67.34M93.26M105.14M82.28M123.14M135.28M76.89M127.54M241.94M
Operating CF Margin %0.13%0.1%0.12%0.13%0.11%0.17%0.16%0.08%0.12%0.22%
Operating CF Growth %0.12%-0.09%0.38%0.13%-0.22%0.5%0.1%-0.43%0.66%0.9%
Net Income45.88M53.7M92.14M81.04M25.46M63.5M82.32M92.55M101.88M299.22M
Depreciation & Amortization23.57M32.23M37.76M40.05M41.34M42.05M48.34M50.52M55.41M75.02M
Stock-Based Compensation4.7M5.44M5.22M5.35M5.55M6.91M7.32M8.91M8.6M10.67M
Deferred Taxes-2.99M1.36M-21.58M61K-2.56M-3.04M8.95M-6.27M-8.96M-10.98M
Other Non-Cash Items952K-7.51M-9.95M-2.5M-11.3M-1.95M000-141.38M
Working Capital Changes1.75M-17.89M-10.31M-18.87M23.79M15.67M-11.65M-68.82M-29.39M9.38M
Change in Receivables-9.09M-23.59M-2.79M-7.23M14.63M11.27M-17.68M-32.15M-40.93M-8.34M
Change in Inventory1.1M3.96M-9.83M10.15M-11.23M612K-13.79M-18.47M-23.49M-5.14M
Change in Payables-1.95M8.73M9.44M7.4M-13.28M-688K21.98M7.04M10.7M-2.19M
Cash from Investing+-104.57M-233.87M-41.61M-125.14M140.95M-202.44M-55.92M-52.47M-104.64M-255.79M
Capital Expenditures-22.51M-38.73M-30.16M-45.57M-41.13M-35.49M-45.01M-34.77M-36.17M-36.32M
CapEx % of Revenue0.04%0.06%0.04%0.06%0.06%0.05%0.05%0.04%0.04%0.03%
Acquisitions----------
Investments----------
Other Investing-8.66M3.49M-16.55M17.2M182.08M1.95M00-12.09M252.54M
Cash from Financing+46.22M156.76M-66.36M53.52M-236.22M81.47M-32.12M-78.33M-773K49.54M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-8.25M-8.26M-8.28M-8.3M-8.32M-8.34M-8.27M-8.25M-8.25M-8.26M
Share Repurchases----------
Other Financing-1.23M20K-5M-3.18M-5.26M-1.82M-2.98M-6.68M-4.53M-6.2M
Net Change in Cash----------
Free Cash Flow+51.35M28.61M63.1M59.57M41.15M87.65M90.26M42.12M91.38M164.07M
FCF Margin %0.09%0.04%0.08%0.07%0.06%0.12%0.11%0.04%0.09%0.15%
FCF Growth %0.11%-0.44%1.21%-0.06%-0.31%1.13%0.03%-0.53%1.17%0.8%
FCF per Share1.981.102.422.281.573.343.461.633.536.33
FCF Conversion (FCF/Net Income)1.61x1.25x1.01x1.30x0.83x1.94x1.64x0.83x1.25x0.81x
Interest Paid1.36M3.73M8.54M8.08M5.87M590K2.83M8.66M14.54M0
Taxes Paid22.63M25.67M8.79M26.08M37.71M26.05M9.86M30.24M38.01M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)7.65%8.35%12.87%10.22%11.12%6.41%7.96%8.49%8.6%21.37%
Return on Invested Capital (ROIC)9.19%8.02%8.14%8.3%6.57%5.59%7.23%8.16%8.48%5.73%
Gross Margin38.61%36.29%36.44%37.45%37.13%37.79%38.72%39.29%39.35%42.09%
Net Margin8.03%7.83%11.94%9.97%13.56%8.88%9.6%9.68%9.92%27.32%
Debt / Equity0.18x0.41x0.29x0.35x0.12x0.21x0.17x0.14x0.15x0.15x
Interest Coverage59.27x18.36x11.48x13.67x13.50x36.38x22.94x14.78x9.65x6.64x
FCF Conversion1.61x1.25x1.01x1.30x0.83x1.94x1.64x0.83x1.25x0.81x
Revenue Growth6.36%20%12.52%5.36%-9.85%-2.38%19.86%11.49%7.4%6.68%

Revenue by Segment

2016201720182019202020212022202320242025
Aerospace And Defense-----314.82M351.41M392.44M448.18M478.19M
Aerospace And Defense Growth------11.62%11.68%14.20%6.70%
Utility Solutions127.8M162.4M214M150.38M134.6M202.91M278.37M342.32M369.06M380M
Utility Solutions Growth-27.07%31.77%-29.73%-10.49%50.75%37.19%22.97%7.81%2.96%
R F Shielding And Test161.5M160.9M182.9M112.36M92.11M197.71M227.72M221.27M209.52M237.2M
R F Shielding And Test Growth--0.37%13.67%-38.57%-18.03%114.66%15.18%-2.83%-5.31%13.21%
Filtration Fluid Flow207.8M279.5M286.8M274.45M305.15M-----
Filtration Fluid Flow Growth-34.50%2.61%-4.31%11.19%-----
Technical Packaging74.4M82.9M87.9M45.79M------
Technical Packaging Growth-11.42%6.03%-47.91%------

Revenue by Geography

2016201720182019202020212022202320242025
United States----531.9M517M-665.4M737.4M727.27M
United States Growth------2.80%--10.82%-1.37%
Europe71.6M75.4M85M82.8M51.3M53.5M72.4M90.4M93.5M156.4M
Europe Growth-5.31%12.73%-2.59%-38.04%4.29%35.33%24.86%3.43%67.28%
Asia68.1M69.8M94.5M88.3M96.3M92.3M122.4M116.3M109.3M111.84M
Asia Growth-2.50%35.39%-6.56%9.06%-4.15%32.61%-4.98%-6.02%2.33%
Canada-----27M31.2M46.8M50.7M56.69M
Canada Growth------15.56%50.00%8.33%11.82%
Other .-------37.1M35.9M43.18M
Other . Growth---------3.23%20.28%
Other-----13.2M18M---
Other Growth------36.36%---
India-----12.4M10.3M---
India Growth-------16.94%---
C---33.2M31.7M-----
C Growth-----4.52%-----
Other112.4M10.4M15.7M14M11.4M-----
Other1 Growth--16.13%50.96%-10.83%-18.57%-----
I---11.7M10.3M-----
I Growth-----11.97%-----
UNITED STATES403.6M503.1M536.7M-------
UNITED STATES Growth-24.65%6.68%-------
CANADA12.9M22.2M30.3M-------
CANADA Growth-72.09%36.49%-------
INDIANA--9.4M-------
INDIANA Growth----------
INDIA2.9M4.8M--------
INDIA Growth-65.52%--------

Frequently Asked Questions

Valuation & Price

ESCO Technologies Inc. (ESE) has a price-to-earnings (P/E) ratio of 18.5x. This is roughly in line with market averages.

Growth & Financials

ESCO Technologies Inc. (ESE) reported $1.16B in revenue for fiscal year 2025. This represents a 69% increase from $688.4M in 2012.

ESCO Technologies Inc. (ESE) grew revenue by 6.7% over the past year. This is steady growth.

Yes, ESCO Technologies Inc. (ESE) is profitable, generating $299.2M in net income for fiscal year 2025 (27.3% net margin).

Dividend & Returns

Yes, ESCO Technologies Inc. (ESE) pays a dividend with a yield of 0.15%. This makes it attractive for income-focused investors.

ESCO Technologies Inc. (ESE) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

ESCO Technologies Inc. (ESE) generated $205.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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