Cash flow ESAB Corporation

Equities

ESAB

US29605J1060

Industrial Machinery & Equipment

Real-time Estimate Cboe BZX Other stock markets 18:52:08 16/04/2026 BST			5-day change	1st Jan Change
100.12 ^USD	-1.27%		-2.16%	-10.45%

04-14	ESAB Faces Softer Q1 on Middle East Pause With 2026 Outlook Intact, Oppenheimer Says	MT
04-14	Oppenheimer Adjusts Price Target on ESAB to $140 From $148, Maintains Outperform Rating	MT

9867545162acceb8731626f784fb01be.n1TuDVGKDX_NsAoqrrIL5d3c5OXzRU5ranmYy85q54Q.2z-qdBXhSE2-8X9A-9Vh1JaqqNGEPCszBBrQ_4xHyszqJaNeaNV8KP7CWw

Published financial data: ESAB CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.43B	2.59B	2.77B	2.74B	2.84B
Total Revenues	2.43B	2.59B	2.77B	2.74B	2.84B
Cost of Goods Sold, Total	1.59B	1.71B	1.76B	1.7B	1.79B
Gross Profit	838M	886M	1.02B	1.04B	1.05B
Selling General & Admin Expenses, Total	429M	459M	498M	497M	494M
R&D Expenses	39.7M	36M	38.8M	39.2M	44M
Amortization of Goodwill and Intangible Assets - (IS)	42.1M	35.6M	39.7M	36M	43.3M
Other Operating Expenses, Total	511M	531M	576M	573M	581M
Operating Income	327M	355M	440M	465M	467M
Interest Expense, Total	-	-21.69M	-81.12M	-	-76.04M
Interest And Investment Income	1.67M	-	-	-	-
Net Interest Expenses	1.67M	-21.69M	-81.12M	-	-76.04M
Currency Exchange Gains (Loss)	-2.2M	-18.86M	-15.34M	-7.28M	-3.35M
Other Non Operating Income (Expenses)	-	-	-	-64.75M	-
EBT, Excl. Unusual Items	327M	314M	343M	393M	388M
Restructuring Charges	-18.95M	-23.1M	-24.11M	-10.23M	-27.76M
Merger & Related Restructuring Charges	-	-	-	-	-31.5M
Other Unusual Items	11.21M	9.14M	-	-12.16M	-
EBT, Incl. Unusual Items	319M	300M	319M	370M	328M
Income Tax Expense	80.41M	69.17M	95.73M	77.35M	69.16M
Earnings From Continuing Operations	239M	231M	223M	293M	259M
Earnings Of Discontinued Operations	-	-3.07M	-12.34M	-22.31M	-25.87M
Net Income to Company	239M	228M	211M	271M	233M
Minority Interest	-3.57M	-4.27M	-5.74M	-5.91M	-6.47M
Net Income - (IS)	235M	224M	205M	265M	227M
Preferred Dividend and Other Adjustments	-	1.6M	1.56M	1.37M	1.22M
Net Income to Common Incl Extra Items	235M	222M	204M	263M	226M
Net Income to Common Excl. Extra Items	235M	225M	216M	286M	251M
Per Share Items
Net EPS - Basic	-	3.7	3.38	4.36	3.72
Basic EPS - Continuing Operations	-	3.75	3.59	4.73	4.14
Basic Weighted Average Shares Outstanding	-	60.05M	60.23M	60.43M	60.68M
Net EPS - Diluted	-	3.69	3.36	4.31	3.68
Diluted EPS - Continuing Operations	-	3.74	3.56	4.68	4.1
Diluted Weighted Average Shares Outstanding	-	60.15M	60.66M	61.1M	61.27M
Normalized Basic EPS	-	3.2	3.47	3.96	3.88
Normalized Diluted EPS	-	3.19	3.44	3.92	3.85
Dividend Per Share	-	0.15	0.23	0.3	0.38
Payout Ratio	-	2.71	6.5	6.42	9.66
Supplemental Items
EBITDA	402M	420M	509M	531M	551M
EBITA	369M	390M	479M	501M	510M
EBIT	327M	355M	440M	465M	467M
EBITDAR	425M	441M	535M	556M	580M
Effective Tax Rate - (Ratio)	25.2	23.04	30	20.88	21.07
Current Domestic Taxes	20.27M	11.38M	21.79M	18.35M	9.5M
Current Foreign Taxes	68.78M	77.73M	99.04M	58.76M	91.19M
Total Current Taxes	89.05M	89.11M	121M	77.11M	101M
Deferred Domestic Taxes	-12.54M	-7.14M	-13.24M	2.36M	-4.4M
Deferred Foreign Taxes	3.9M	-12.79M	-11.86M	-2.13M	-27.13M
Total Deferred Taxes	-8.64M	-19.94M	-25.1M	235K	-31.53M
Normalized Net Income	201M	192M	209M	240M	236M
Non-Cash Pension Expense	-10.56M	-10.35M	985K	13.03M	2.18M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	39.7M	36M	38.8M	39.2M	44M
Net Rental Expense, Total	23M	21.3M	25.4M	24.9M	28.7M
Imputed Operating Lease Interest Expense	-	5.19M	13.56M	-	13.92M
Imputed Operating Lease Depreciation	-	16.11M	11.84M	-	14.78M
Stock-Based Comp., SG&A Exp. (Total)	6.27M	12.96M	16.12M	19.78M	16.94M
Total Stock-Based Compensation	6.27M	12.96M	16.12M	19.78M	16.94M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	41.21M	72.02M	102M	249M	186M
Total Cash And Short Term Investments	41.21M	72.02M	102M	249M	186M
Accounts Receivable, Total	383M	374M	385M	370M	451M
Total Receivables	383M	374M	385M	370M	451M
Inventory	420M	417M	393M	404M	482M
Prepaid Expenses	51.95M	56.64M	61.77M	55.66M	66.1M
Other Current Assets, Total	67.36M	68.85M	55.89M	69.33M	76.88M
Total Current Assets	964M	989M	998M	1.15B	1.26B
Gross Property Plant And Equipment	659M	655M	684M	689M	857M
Accumulated Depreciation	-265M	-279M	-294M	-301M	-362M
Net Property Plant And Equipment	394M	376M	390M	388M	495M
Long-term Investments	-	-	9.52M	842K	-
Goodwill	1.53B	1.53B	1.59B	1.65B	1.95B
Other Intangibles, Total	521M	517M	500M	488M	673M
Deferred Tax Assets Long-Term	9.36M	42.86M	46.6M	44.82M	58.22M
Deferred Charges Long-Term	-	-	-	-	4.2M
Other Long-Term Assets, Total	39.18M	299M	297M	312M	324M
Total Assets	3.46B	3.75B	3.83B	4.03B	4.77B
Liabilities
Accounts Payable, Total	345M	316M	307M	318M	360M
Accrued Expenses, Total	127M	141M	163M	146M	134M
Current Portion of Long-Term Debt	-	-	-	15M	2.41M
Current Portion of Leases	20.47M	18.66M	22.79M	21.46M	22.08M
Current Income Taxes Payable	58.92M	49.62M	45.68M	46.4M	53.73M
Unearned Revenue Current, Total	22.26M	25.9M	31.25M	26.39M	19.66M
Other Current Liabilities	22.79M	50.59M	50.86M	58.3M	72.11M
Total Current Liabilities	597M	602M	620M	632M	665M
Long-Term Debt	-	1.22B	1.02B	1.06B	1.23B
Long-Term Leases	88.78M	76.16M	76.61M	66.04M	88.14M
Other Non Current Liabilities	274M	469M	466M	467M	569M
Total Liabilities	960M	2.37B	2.18B	2.23B	2.55B
Common Stock, Total	2.92B	60K	60K	61K	61K
Additional Paid In Capital	-	1.87B	1.88B	1.9B	1.9B
Retained Earnings	-	159M	351M	597M	801M
Comprehensive Income and Other	-461M	-675M	-624M	-730M	-540M
Total Common Equity	2.46B	1.35B	1.61B	1.77B	2.17B
Minority Interest	40.99M	38.25M	40.26M	39.24M	45.49M
Total Equity	2.5B	1.39B	1.65B	1.81B	2.21B
Total Liabilities And Equity	3.46B	3.75B	3.83B	4.03B	4.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	60.19M	60.34M	60.53M	60.73M
ECS Total Common Shares Outstanding	-	60.09M	60.3M	60.52M	60.72M
Book Value / Share	-	22.47	26.66	29.23	35.67
Tangible Book Value	406M	-697M	-480M	-371M	-457M
Tangible Book Value Per Share	-	-11.59	-7.97	-6.13	-7.52
Total Debt	109M	1.31B	1.12B	1.16B	1.35B
Net Debt	68.04M	1.24B	1.02B	914M	1.16B
Debt Equivalent of Unfunded Proj. Benefit Obligation	58.41M	36.97M	31.27M	27.97M	34.29M
Debt Equivalent Oper. Leases	184M	170M	203M	199M	230M
Minority Interest, Total (Incl. Fin. Div)	40.99M	38.25M	40.26M	39.24M	45.49M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	1.13M	-2.17M	-4.28M	-	-
Inventories - Raw Materials, Total	148M	153M	157M	151M	173M
Inventories - Work In Process, Total	39.6M	44.09M	43.56M	41.7M	40.03M
Inventories - Finished Goods, Total	269M	262M	245M	252M	308M
Land - (BS)	16.03M	15.84M	15.1M	14.48M	23.48M
Buildings, Total	173M	164M	179M	176M	234M
Machinery, Total	362M	383M	394M	409M	487M
Full Time Employees	9.28K	9K	7.7K	9.3K	10.3K
Accumulated Allowance for Doubtful Accounts (Supple)	23.91M	23.47M	25.48M	23.85M	21.76M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	235M	224M	205M	265M	227M
Depreciation & Amortization - CF	32.5M	29.5M	30M	30.6M	40.7M
Amortization of Goodwill and Intangible Assets - (CF)	42.1M	35.6M	39.7M	36M	43.3M
Depreciation & Amortization, Total	74.6M	65.1M	69.7M	66.6M	84M
(Gain) Loss From Sale Of Asset	-447K	239K	-	-	-5.64M
Asset Writedown & Restructuring Costs	1.3M	878K	5.33M	190K	105K
Stock-Based Compensation (CF)	6.27M	12.96M	16.12M	19.78M	16.94M
Other Operating Activities, Total	-16.28M	-23.1M	-18.47M	18.35M	-26.33M
Change In Accounts Receivable	-67.85M	-8.14M	-6.01M	-4.85M	-40.01M
Change In Inventories	-117M	-10.07M	17.96M	-22.5M	-5.57M
Change In Accounts Payable	115M	-28.79M	-19.82M	31.86M	6.69M
Change in Other Net Operating Assets	20.89M	-18.47M	60.39M	-18.88M	3.64M
Cash from Operations	251M	214M	330M	355M	261M
Capital Expenditure	-35.58M	-40.24M	-48.18M	-51.78M	-47.29M
Sale of Property, Plant, and Equipment	5.2M	4.85M	4.6M	3.8M	6.54M
Cash Acquisitions	-4.88M	-149M	-18.66M	-154M	-438M
Other Investing Activities, Total	-	-	-	-4.06M	-816K
Cash from Investing	-35.26M	-184M	-62.24M	-206M	-480M
Short Term Debt Issued, Total	673K	-	-	-	-
Long-Term Debt Issued, Total	-	1.81B	574M	905M	761M
Total Debt Issued	673K	1.81B	574M	905M	761M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-585M	-776M	-840M	-602M
Total Debt Repaid	-	-585M	-776M	-840M	-602M
Common Dividends Paid	-	-6.05M	-13.34M	-16.99M	-21.91M
Common & Preferred Stock Dividends Paid	-	-6.05M	-13.34M	-16.99M	-21.91M
Other Financing Activities, Total	-222M	-1.21B	-4.85M	-16.83M	-22.95M
Cash from Financing	-222M	7.56M	-220M	31.67M	114M
Foreign Exchange Rate Adjustments	-1.9M	-6.68M	-18.56M	-34.02M	42.12M
Net Change in Cash	-8M	30.82M	29.98M	147M	-63.5M
Supplemental Items
Cash Income Tax Paid (Refund)	-	85.66M	133M	94.52M	92.69M
Levered Free Cash Flow	217M	259M	297M	320M	166M
Unlevered Free Cash Flow	217M	273M	348M	320M	213M
Change In Net Working Capital	33.21M	-13.01M	-35.31M	5M	132M
Net Debt Issued / Repaid	673K	1.22B	-202M	65.5M	159M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.98	6.15	7.25	7.39	6.63
Return on Total Capital	7.79	8.35	10.05	10.13	8.94
Return On Equity %	9.46	11.88	14.71	16.96	12.89
Return on Common Equity	9.47	11.82	14.61	16.93	12.78
Margin Analysis
Gross Profit Margin %	34.51	34.14	36.61	37.85	36.88
SG&A Margin	17.66	17.7	17.93	18.15	17.38
EBITDA Margin %	16.55	16.19	18.36	19.39	19.38
EBITA Margin %	15.22	15.05	17.28	18.27	17.95
EBIT Margin %	13.48	13.68	15.85	16.96	16.43
Income From Continuing Operations Margin %	9.83	8.91	8.05	10.69	9.12
Net Income Margin %	9.68	8.63	7.4	9.66	7.98
Net Avail. For Common Margin %	9.68	8.68	7.79	10.43	8.84
Normalized Net Income Margin	8.27	7.41	7.52	8.74	8.29
Levered Free Cash Flow Margin	8.92	9.99	10.7	11.68	5.83
Unlevered Free Cash Flow Margin	8.92	10.51	12.53	11.68	7.5
Asset Turnover
Asset Turnover	0.71	0.72	0.73	0.7	0.65
Fixed Assets Turnover	6.15	6.73	7.24	7.04	6.44
Receivables Turnover (Average Receivables)	6.81	6.84	7.31	7.26	6.92
Inventory Turnover (Average Inventory)	4.34	4.08	4.34	4.28	4.05
Short Term Liquidity
Current Ratio	1.62	1.64	1.61	1.82	1.9
Quick Ratio	0.71	0.74	0.79	0.98	0.96
Operating Cash Flow to Current Liabilities	0.42	0.36	0.53	0.56	0.39
Days Sales Outstanding (Average Receivables)	53.59	53.33	49.95	50.45	52.75
Days Outstanding Inventory (Average Inventory)	84.18	89.42	84.01	85.58	90.07
Average Days Payable Outstanding	63.11	70.84	65.51	66.73	66.17
Cash Conversion Cycle (Average Days)	74.66	71.91	68.45	69.29	76.64
Long Term Solvency
Total Debt/Equity	4.37	94.6	67.82	64.33	60.83
Total Debt / Total Capital	4.18	48.61	40.41	39.15	37.82
LT Debt/Equity	3.55	93.25	66.44	62.31	59.72
Long-Term Debt / Total Capital	3.4	47.92	39.59	37.92	37.13
Total Liabilities / Total Assets	27.72	63.01	56.96	55.17	53.6
EBIT / Interest Expense	-	16.36	5.42	-	6.14
EBITDA / Interest Expense	-	20.34	6.59	-	7.62
(EBITDA - Capex) / Interest Expense	-	18.49	6	-	7
Total Debt / EBITDA	0.26	2.98	2.09	2.09	2.32
Net Debt / EBITDA	0.16	2.81	1.9	1.64	2
Total Debt / (EBITDA - Capex)	0.28	3.28	2.3	2.31	2.53
Net Debt / (EBITDA - Capex)	0.17	3.1	2.09	1.81	2.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.51	6.81	6.99	-1.22	3.71
Gross Profit, 1 Yr. Growth %	22.79	5.67	14.71	2.14	1.05
EBITDA, 1 Yr. Growth %	34.32	4.45	16.99	4.33	3.31
EBITA, 1 Yr. Growth %	38.71	5.66	18.1	4.47	1.5
EBIT, 1 Yr. Growth %	45.79	8.37	18.73	5.72	0.06
Earnings From Cont. Operations, 1 Yr. Growth %	49.3	-3.18	-3.34	31.2	-11.59
Net Income, 1 Yr. Growth %	49.36	-4.83	-8.25	29.01	-14.38
Normalized Net Income, 1 Yr. Growth %	43.65	-4.28	3.43	14.76	-2.68
Diluted EPS Before Extra, 1 Yr. Growth %	-	-4.5	-4.81	31.46	-12.39
Accounts Receivable, 1 Yr. Growth %	16.37	-2.39	2.9	-3.86	21.87
Inventory, 1 Yr. Growth %	34.04	-0.77	-5.75	2.76	19.33
Net Property, Plant and Equip., 1 Yr. Growth %	-0.42	-4.56	3.63	-0.44	27.56
Total Assets, 1 Yr. Growth %	2.23	8.46	1.99	5.36	18.15
Tangible Book Value, 1 Yr. Growth %	9.21	-271.48	-31.04	-22.79	23.1
Common Equity, 1 Yr. Growth %	-1.67	-45.13	19.05	10.05	22.44
Cash From Operations, 1 Yr. Growth %	-18.9	-14.51	54.18	7.54	-26.68
Capital Expenditures, 1 Yr. Growth %	-11.35	13.09	19.72	7.47	-8.68
Levered Free Cash Flow, 1 Yr. Growth %	-22.42	19.53	10.54	-7.95	-41.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-22.42	25.79	23.2	-7.95	-33.65
Dividend Per Share, 1 Yr. Growth %	-	-	53.33	30.43	26.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.95	15.32	6.9	2.8	1.21
Gross Profit, 2 Yr. CAGR %	2.57	13.91	10.1	8.24	1.59
EBITDA, 2 Yr. CAGR %	6.45	18.45	12.17	10.48	3.97
EBITA, 2 Yr. CAGR %	7.49	21.06	13.47	11.08	3.14
EBIT, 2 Yr. CAGR %	8.48	25.69	15.39	12.04	3.02
Earnings From Cont. Operations, 2 Yr. CAGR %	16.21	20.23	-3.26	12.61	7.7
Net Income, 2 Yr. CAGR %	16.61	19.22	-6.56	8.8	5.1
Normalized Net Income, 2 Yr. CAGR %	8.65	17.26	1.54	8.95	5.85
Diluted EPS Before Extra, 2 Yr. CAGR %	-	19.48	-4.66	11.86	7.32
Accounts Receivable, 2 Yr. CAGR %	2.62	6.58	0.22	-0.54	8.24
Inventory, 2 Yr. CAGR %	9.64	15.33	-3.29	-1.59	10.74
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.76	-2.51	-0.55	1.58	12.69
Total Assets, 2 Yr. CAGR %	-0.43	5.3	5.17	3.66	11.57
Tangible Book Value, 2 Yr. CAGR %	-11.87	36.85	8.74	-27.03	-2.51
Common Equity, 2 Yr. CAGR %	-3.37	-26.55	-19.18	14.46	16.08
Cash From Operations, 2 Yr. CAGR %	0.18	-16.73	14.81	28.76	-11.21
Capital Expenditures, 2 Yr. CAGR %	-10.53	0.13	16.36	13.43	-0.93
Levered Free Cash Flow, 2 Yr. CAGR %	-	-3.7	16.6	6.49	-27.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-1.22	26.16	6.49	-21.72
Dividend Per Share, 2 Yr. CAGR %	-	-	-	41.42	28.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	4.9	12.48	4.12	3.1
Gross Profit, 3 Yr. CAGR %	-	3.6	14.17	7.38	5.79
EBITDA, 3 Yr. CAGR %	-	5.78	19.4	9.49	8.16
EBITA, 3 Yr. CAGR %	-	6.88	21.64	10.39	7.92
EBIT, 3 Yr. CAGR %	-	8.45	25.1	12.07	8.03
Earnings From Cont. Operations, 3 Yr. CAGR %	-	9.35	11.79	7.08	3.89
Net Income, 3 Yr. CAGR %	-	8.97	9.25	4.05	0.45
Normalized Net Income, 3 Yr. CAGR %	-	4.16	14.32	5.77	5.31
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	10.76	6.12	3.11
Accounts Receivable, 3 Yr. CAGR %	-	0.92	5.34	-1.16	6.43
Inventory, 3 Yr. CAGR %	-	6.05	7.82	-1.31	4.94
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-2.04	-0.5	-0.51	9.59
Total Assets, 3 Yr. CAGR %	-	2.45	4.18	5.24	8.28
Tangible Book Value, 3 Yr. CAGR %	-	10.03	8.9	-2.99	-13.13
Common Equity, 3 Yr. CAGR %	-	-19.98	-13.72	-10.42	17.06
Cash From Operations, 3 Yr. CAGR %	-	-4.98	2.25	12.33	6.72
Capital Expenditures, 3 Yr. CAGR %	-	-3.26	6.27	13.32	5.52
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	2.07	13.58	-16.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	7.58	13.58	-8.94
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	36.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	4.05	7.83
Gross Profit, 5 Yr. CAGR %	-	-	-	5.43	8.96
EBITDA, 5 Yr. CAGR %	-	-	-	8.42	12.98
EBITA, 5 Yr. CAGR %	-	-	-	9.39	13.88
EBIT, 5 Yr. CAGR %	-	-	-	10.81	15.77
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	10.64	10.14
Net Income, 5 Yr. CAGR %	-	-	-	8.9	7.57
Normalized Net Income, 5 Yr. CAGR %	-	-	-	7.1	11.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	9.37
Accounts Receivable, 5 Yr. CAGR %	-	-	-	0.34	6.49
Inventory, 5 Yr. CAGR %	-	-	-	2.93	8.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-0.61	4.58
Total Assets, 5 Yr. CAGR %	-	-	-	2.93	7.08
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-6.64	4.18
Common Equity, 5 Yr. CAGR %	-	-	-	-7.66	-2.85
Cash From Operations, 5 Yr. CAGR %	-	-	-	7.3	-3.36
Capital Expenditures, 5 Yr. CAGR %	-	-	-	3.1	3.33
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-9.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-5.26