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ESABESAB Corporation
$68.44$4.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ESAB logo

ESAB Corporation

ESAB
NYSE · Metal Fabrication
$68.44
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$4.17B
P/E18.4x
52W High$137.42
Volume944.46K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Acquisition-Driven Growth Masks Margin Compression Risks

ESAB's top-line acceleration to 12.9% YoY in 2026Q2, driven by a $1.5B acquisition, signals strategic expansion, but the concurrent 54.1% EPS decline and operating margin drop to 9.7% highlight integration and cost challenges. The balance sheet leverage increa...

GrowthAccelerating
ProfitabilityStable
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

ESAB price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-48% Peers

P/E is 48% below peer median

03

Market leadership

RS 11 · Lag

Laggard (Underperforming 89% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 12.9% YoY in 2026Q2, but EPS fell 54.1% to $0.50, with operating margin compressing to 9.7% from 16.2% a year earlier, indicating that top-line gains are not translating into profitability.

Analyst Consensus+97.3% target
Buy(10 analysts)
9 Buy1 Hold0 Sell

The Bull Case

Upside Catalysts

Strategic pivot to medical gas

ESAB's strategic pivot to medical gas systems and automation solutions positions it for sustained organic growth and margin expansion.

Infrastructure spending boost

Increased infrastructure spending is driving demand for ESAB's core welding products, supporting revenue growth.

Cross-selling opportunities

Recent acquisitions are expected to enhance cross-selling opportunities, further driving revenue and profitability.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ESAB-39.01%
S&P 500 (^GSPC)+13.20%
1-Year Return
ESAB-37.85%
S&P 500 (^GSPC)+15.98%
3-Year Return
ESAB+0.45%
S&P 500 (^GSPC)+82.62%
5-Year Return
ESAB+39.44%
S&P 500 (^GSPC)+80.14%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
18.4x
Forward P/EExpansion
12.6x
EV/EBITDA0th %ile
9.4x
FCF YieldCash Flow
5.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
18.4x
27.8x
25th· Low
EV/EBITDA
9.4x
14.0x
0th· Low
Price/FCF
19.5x
24.1x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$31.54-53.9%
Base (Fair)$73.80+13.6%
Bull$91.50+33.7%
$31.54 Bear$73.80 Base$91.50 Bull
Current Market Price: $68.44
Trades at a 7.3% discount to Base DCF ($73.80)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.84B+3.7% YoY
Net income
$227M-14.4% YoY
Free cash flow
$213M-29.8% YoY
Operating margin
17.3%+1.0 pts YoY
ROIC (TTM)11.9%
Avg ROIC 5Y-
ROE (TTM)11.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$1.33-2.2%
vs $1.36
$808M+6.9%
vs $756M
Q2 2026
May 7, 2026
$1.31-0.8%
vs $1.32
$746M+5.5%
vs $707M
Q1 2026
Feb 20, 2026
$1.35+0.7%
vs $1.34
$688M-0.0%
vs $688M
Q4 2025
Oct 29, 2025
$1.32+3.9%
vs $1.27
$728M+2.9%
vs $708M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
South Carolina Court Finds ESAB and Altrad Entities Are Responsible in Landmark Cape Asbestos Litigation

COLUMBIA, S.C.--(BUSINESS WIRE)--A South Carolina trial court has found that ESAB Corp. (NYSE: ESAB) and the France-based Altrad Group are responsible for Cape Asbestos Co. Ltd.'s. historical asbestos operations, making the two companies liable for legal judgments.The ruling, announced Sept. 14 by former South Carolina Chief Justice Jean H. Toal, confirms that ESAB and Altrad are responsible for cancer-causing asbestos imported and distributed throughout the United States for decades.The ruling.

Defense World·2d ago
MSA Safety Incorporporated (NYSE:MSA) & ESAB (NYSE:ESAB) Head-To-Head Analysis

MSA Safety Incorporporated (NYSE: MSA - Get Free Report) and ESAB (NYSE: ESAB - Get Free Report) are both mid-cap industrials companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, earnings, institutional ownership, analyst recommendations, profitability, dividends and risk. Earnings and Valuation This table compares MSA

Defense World·2d ago
ESAB (NYSE:ESAB) & Snap-On (NYSE:SNA) Head-To-Head Review

Snap-On (NYSE: SNA - Get Free Report) and ESAB (NYSE: ESAB - Get Free Report) are both industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, profitability, risk, analyst recommendations, dividends, institutional ownership and valuation. Risk and Volatility Snap-On has a beta of 0.72, indicating

Defense World·6d ago
22,255 Shares in ESAB Corporation $ESAB Acquired by Tidal Investments LLC

Tidal Investments LLC purchased a new stake in ESAB Corporation (NYSE: ESAB) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,255 shares of the company's stock, valued at approximately $2,195,000. Other hedge funds and other institutional investors have

Filtered for ESAB CorporationMore Headlines
04

Compare before deciding

Benchmark ESAB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for ESAB Corporation (ESAB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ESAB logoESABESAB CorporationCurrent
$68.44$4.17B18.403.71%7.98%11.28%0.53%
ITW logoITWIllinois Tool Works Inc.
$270.47$77.81B25.780.92%19.39%101.71%—
LIN logoLINLinde plc
$464.91$215.07B31.872.97%20.56%18.16%—
GTLS logoGTLSChart Industries, Inc.
$209.90$10.05B636.062.49%-0.63%-0.78%—
RBC logoRBCRBC Bearings Incorporated
$499.88$15.81B54.9914.34%16.4%9.66%—
LII logoLIILennox International Inc.
$371.68$12.85B16.73-2.73%14.61%65.3%—

Compare ESAB vs Peers

ESAB Corporation (ESAB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ITW

Most directly comparable listed peer for ESAB.

Scale Benchmark

vs LIN

Larger-name benchmark to compare ESAB against a more recognizable public peer.

Peer Set

Compare Top 5

vs ITW, LIN, GTLS, RBC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ESAB SEC Filings & Documents

ESAB Corporation (ESAB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

Jun 2, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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ESAB Frequently Asked Questions

ESAB Corporation (ESAB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ESAB Corporation's revenue?

ESAB Corporation (ESAB) reported $3.00B in revenue for fiscal year 2025. This represents a 34% increase from $2.25B in 2019.

How fast is ESAB Corporation growing?

ESAB Corporation (ESAB) grew revenue by 3.7% over the past year. Growth has been modest.

Is ESAB profitable?

Yes, ESAB Corporation (ESAB) is profitable, generating $172.5M in net income for fiscal year 2025 (8.0% net margin).

Dividend & Returns
Does ESAB pay dividends?

Yes, ESAB Corporation (ESAB) pays a dividend with a yield of 0.53%. This makes it attractive for income-focused investors.

What is ESAB's return on equity?

ESAB Corporation (ESAB) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

What is ESAB Corporation's free cash flow?

ESAB Corporation (ESAB) generated $196.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ESAB back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →