Company Analysis

ESAB Corporation (ESAB)

NYSE: ESAB · General Industrial Machinery & Equipment, NEC · North Bethesda, MD · filing with the SEC since 2021
Grade6.2
◀ Past 7.0● Present 7.3▶ Future 4.0
1 est.

The grade of ESAB Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past7.030% of the headline
● Present7.340% of the headline
▶ Future4.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 80th percentile among 15 sector filers · read for itself

From the record

ESAB Corporation's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.4/10

What has it actually done, year after year?

+7.8% a year over 6 filed years; profitable in 6 of 6.

weight 45% of this tense · 64th percentile among 14 sector filers · read for its customers

From the record

ESAB Corporation's 6 filed years say what it did: revenue went from $2.0 billion in fiscal 2020 to $2.8 billion in fiscal 2025, up 7.8% a year; it rose in 4 of 5 years; the deepest fall was 1% from fiscal 2023 to fiscal 2024; net income was positive in 6 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.8%bottom 46% of its family
  • the share of years revenue rosetop 39% of its family
  • the share of filed years with a profittop 11% of its family
  • the deepest fall from a revenue peak1.2%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.9/10

How has it treated the people who own it?

Share count grew 0.6% a year. 6% of cash flow returned. Insiders: 12 sales, 0 purchases.

weight 22% of this tense · 69th percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, ESAB Corporation's diluted share count grew about 0.6% a year, and dividends and buybacks returned about 6% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 12 sales (9 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 18% of its family
  • cash returned against operating cash flowtop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.4/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 45% of this tense · 64th percentile among 15 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ESAB Corporation earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 22 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 23% of its family
  • return on equitytop 17% of its family
  • gross profit against assetstop 25% of its family
  • the share count against the year beforetop 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.2/10

How strong is its position in its industry?

top 28% of 15 in its family; net margin 8%.

weight 33% of this tense · 72nd percentile among 15 sector filers · read for its customers

From the record

ESAB Corporation's standing among 15 graded names in its industry family: revenue of $2.8 billion in fiscal 2025 ranks in the top 12% by size; a net margin of 8% ranks in the top 30%; revenue growth of 3.1% a year over the last 3 filed years ranks in the top 43% (its annual reports).

What it rests on

  • revenue against the family$2.84Btop 12% of its family
  • net margin8.0%top 30% of its family
  • three-year revenue growth3.1%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
9.5/10

What are the people in charge doing?

SI estimate 9.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 95th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 5% of 10 in its family; the record of its people begins on 2022-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.7 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2022-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.7 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 10 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ESAB Corporation's leadership is put at 9.5 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 5% of 10 in its family; the record of its people begins on 2022-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 15 in its family for room to expand.

weight 45% of this tense · 43rd percentile among 15 sector filers · read for itself

From the record

ESAB Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $186 million against debt of $1.2 billion leaves -22% of its assets as net cash, bottom 30% of its family; cash from operations less capital spending is 7.5% of revenue (top 37%); a gross margin of 36.9% (top 39%); research spending of 1.5% of revenue (bottom 18%) (its annual report).

What it rests on

  • cash less debt against assets-22.0%bottom 30% of its family
  • cash from operations less capital spending against revenue7.5%top 37% of its family
  • gross margin36.9%top 39% of its family
  • research spending against revenue1.5%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 14 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 14 sector filers · read for its customers

From the record

ESAB Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 3.1% a year over the last three filed years against 7.8% over all 6, slowing (bottom 32% of its family); the newest year grew 3.7% (bottom 25%); research spending grew 6.9% a year (bottom 35%); capital spending grew 5.5% a year (top 50%) (its annual reports). ESAB Corporation reported 2 product lines in fiscal 2025: Equipment Products at $1.9 billion (66%), Consumable Products at $972 million (34%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-4.7 points a yearbottom 32% of its family
  • the newest year's revenue growth3.7%bottom 25% of its family
  • three-year growth of research spending6.9%bottom 35% of its family
  • three-year growth of capital spending5.5%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.0/10

Did its newest year beat what its own record pointed to?

bottom 40% of 12 in its family for expectations against reality.

weight 22% of this tense · 40th percentile among 12 sector filers · read for its shareholders

From the record

ESAB Corporation's newest year against its own record: revenue of $2.8 billion in fiscal 2025 came in 0.9% above the $2.8 billion its prior three years' pace pointed to (bottom 46% of its family); net income of $227 million against a prior three-year average of $231 million (bottom 38%); a net margin of 8% against 8.6% before (bottom 38%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace0.9%bottom 46% of its family
  • net income against the prior three years' average-2%bottom 38% of its family
  • net margin against its prior average-0.6 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ESAB · research, not advice