Pulling SEC filings + quote and writing the call…

ESAB Corp
Next earnings Aug 4, 2026 · consensus $1.47 EPS, $765M rev
Last earnings +0.8% on 2026-05-07
Global welding leader with a recurring-consumables base, but FY2025 earnings and cash flow slipped and the 28.9x multiple is full.
Sources: SEC EDGAR (CIK 0001877322, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:00 PM.
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Middling fundamentals and a rich price (~68% above fair value) leave little margin of safety — a wait-and-see.
ESAB is a global leader in welding and cutting equipment and consumables, with a high-quality, recurring revenue profile — consumables were 66% of FY2025 sales, which tend to repeat with customer production activity. Margins are solid for a fabrication-technology company: a 36.9% gross margin and 14.5% operating margin, and the business carries reasonable leverage at 1.18x liabilities/equity with equity up 22.4%. The model is durable, and management complements organic growth with bolt-on acquisitions.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.43B | $2.59B | $2.77B | $2.74B | $2.84B |
| Gross profit | $838M | $886M | $1.02B | $1.04B | $1.05B |
| Operating income | $306M | $329M | $404M | $447M | $412M |
| Net income | $235M | $224M | $205M | $265M | $227M |
| Diluted EPS | $3.92 | $3.69 | $3.36 | $4.31 | $3.67 |
| Net margin | 9.7% | 8.6% | 7.4% | 9.7% | 8.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1071 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
| 2026-06-01 | RALES MITCHELL P Director | Gift | 111K | |
| 2026-06-01 | RALES MITCHELL P Director | Acquired (J) | 70.7K | |
| 2026-06-01 | RALES MITCHELL P Director | Acquired (J) | 3.36M | |
| 2026-06-01 | Cummings Melissa Director | Exercise | 637.00 | |
| 2026-06-01 | Vinnakota Rajiv Director | Exercise | 637.00 |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.