ESAB (ESAB) Financials

$116.26 +0.80 (+0.69%)

As of 03:04 PM Eastern

Annual Income Statements for ESAB

This table shows ESAB's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	157	235	224	205	265
Consolidated Net Income / (Loss)	160	239	228	211	271
Net Income / (Loss) Continuing Operations	160	239	231	223	293
Total Pre-Tax Income	206	319	300	319	370
Total Operating Income	202	306	329	404	447
Total Gross Profit	682	838	886	1,016	1,037
Total Revenue	1,950	2,428	2,593	2,775	2,741
Operating Revenue	1,950	2,428	2,593	2,775	2,741
Total Cost of Revenue	1,268	1,590	1,708	1,759	1,703
Operating Cost of Revenue	1,268	1,590	1,708	1,759	1,703
Total Operating Expenses	480	532	556	612	590
Selling, General & Admin Expense	459	513	533	587	580
Restructuring Charge	22	19	23	24	10
Total Other Income / (Expense), net	3.71	13	-29	-85	-77
Other Income / (Expense), net	-	13	-29	-	-77
Income Tax Expense	46	80	69	96	77
Net Income / (Loss) Discontinued Operations	0.00	0.00	-3.07	-12	-22
Net Income / (Loss) Attributable to Noncontrolling Interest	2.45	3.57	4.27	5.74	5.91
Basic Earnings per Share	$2.62	$3.92	$3.70	$3.39	$4.36
Weighted Average Basic Shares Outstanding	-	-	60.19M	60.34M	60.53M
Diluted Earnings per Share	$2.62	$3.92	$3.69	$3.36	$4.31
Weighted Average Diluted Shares Outstanding	-	-	60.19M	60.34M	60.53M
Weighted Average Basic & Diluted Shares Outstanding	-	-	60.19M	60.34M	60.53M
Cash Dividends to Common per Share	-	-	$0.15	$0.23	$0.30

This table shows ESAB's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	52	61	32	66	58	50	60	83	68	54
Consolidated Net Income / (Loss)	53	62	33	67	59	51	62	84	70	55
Net Income / (Loss) Continuing Operations	54	60	34	69	61	60	63	86	71	74
Total Pre-Tax Income	72	66	71	90	81	77	81	103	89	96
Total Operating Income	81	79	91	109	101	104	111	119	106	111
Total Gross Profit	209	224	247	264	250	255	255	270	254	258
Total Revenue	620	664	684	720	681	689	690	707	673	671
Operating Revenue	620	664	684	720	681	689	690	707	673	671
Total Cost of Revenue	411	440	437	456	431	435	435	437	419	412
Operating Cost of Revenue	411	440	437	456	431	435	435	437	419	412
Total Operating Expenses	128	146	157	155	149	151	144	151	148	147
Selling, General & Admin Expense	122	139	147	150	145	145	142	146	146	145
Restructuring Charge	6.68	6.47	9.44	5.17	3.13	6.37	1.92	4.77	1.88	1.66
Total Other Income / (Expense), net	-8.87	-13	-20	-19	-21	-26	-29	-16	-17	-15
Income Tax Expense	18	5.54	37	21	20	18	19	18	18	23
Net Income / (Loss) Discontinued Operations	-0.98	1.83	-0.91	-1.62	-1.72	-8.08	-1.31	-1.16	-1.21	-19
Net Income / (Loss) Attributable to Noncontrolling Interest	0.96	1.56	1.31	1.65	1.54	1.23	1.64	1.46	1.59	1.21
Basic Earnings per Share	$0.86	$0.99	$0.52	$1.08	$0.95	$0.84	$0.99	$1.36	$1.12	$0.89
Weighted Average Basic Shares Outstanding	-	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M
Diluted Earnings per Share	$0.86	$0.99	$0.52	$1.07	$0.94	$0.83	$0.98	$1.35	$1.11	$0.87
Weighted Average Diluted Shares Outstanding	-	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M
Weighted Average Basic & Diluted Shares Outstanding	-	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M

This table details how cash moves in and out of ESAB's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-56	-8.00	31	30	147
Net Cash From Operating Activities	309	251	214	330	355
Net Cash From Continuing Operating Activities	309	251	214	330	355
Net Income / (Loss) Continuing Operations	160	239	228	211	271
Consolidated Net Income / (Loss)	160	239	228	211	271
Depreciation Expense	77	76	66	75	67
Non-Cash Adjustments To Reconcile Net Income	3.07	-4.94	5.80	17	35
Changes in Operating Assets and Liabilities, net	70	-59	-85	27	-17
Net Cash From Investing Activities	-35	-35	-184	-62	-206
Net Cash From Continuing Investing Activities	-35	-35	-184	-62	-206
Purchase of Property, Plant & Equipment	-40	-36	-40	-48	-52
Acquisitions	0.00	-4.89	-149	-19	-154
Sale of Property, Plant & Equipment	5.57	5.20	4.85	4.60	3.81
Other Investing Activities, net	-	-	0.00	0.00	-4.06
Net Cash From Financing Activities	-326	-222	7.56	-220	32
Net Cash From Continuing Financing Activities	-326	-222	7.56	-220	32
Repayment of Debt	-0.19	0.00	-592	-777	-853
Payment of Dividends	-4.30	-3.71	-9.47	-17	-21
Issuance of Debt	0.00	0.67	1,806	574	905
Other Financing Activities, net	-322	-219	-1,197	0.00	0.00
Effect of Exchange Rate Changes	-3.81	-1.90	-6.68	-19	-34
Cash Interest Paid	0.00	0.00	35	79	62
Cash Income Taxes Paid	0.00	0.00	86	133	95

This table details how cash moves in and out of ESAB's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	7.16	11	10	-7.62	8.38	19	-26	152	25	-4.31
Net Cash From Operating Activities	80	91	38	63	107	122	44	83	101	127
Net Cash From Continuing Operating Activities	80	91	38	63	107	122	44	83	101	127
Net Income / (Loss) Continuing Operations	53	62	33	67	59	51	62	84	70	55
Consolidated Net Income / (Loss)	53	62	33	67	59	51	62	84	70	55
Depreciation Expense	16	17	22	18	18	18	16	17	17	17
Non-Cash Adjustments To Reconcile Net Income	1.95	-2.11	3.29	4.77	3.99	5.27	17	6.32	5.21	5.93
Changes in Operating Assets and Liabilities, net	8.61	14	-20	-27	27	48	-51	-24	8.90	49
Net Cash From Investing Activities	-7.34	-167	-26	-7.55	-9.06	-20	-27	-10	-77	-91
Net Cash From Continuing Investing Activities	-7.34	-167	-26	-7.55	-9.06	-20	-27	-10	-77	-91
Purchase of Property, Plant & Equipment	-8.31	-18	-7.71	-9.29	-12	-19	-7.41	-9.02	-11	-25
Acquisitions	-	-149	-19	0.49	-0.43	-	-18	0.02	-68	-67
Sale of Property, Plant & Equipment	0.96	0.53	0.68	1.26	3.24	-0.57	0.37	0.24	2.84	0.35
Net Cash From Financing Activities	-53	80	-7.05	-61	-74	-78	-34	80	-5.71	-8.91
Net Cash From Continuing Financing Activities	-53	80	-7.05	-61	-74	-78	-34	80	-5.71	-8.91
Repayment of Debt	-280	-227	-190	-151	-244	-192	-145	-705	0.58	-3.02
Payment of Dividends	-4.04	-4.49	-4.28	-3.05	-4.65	-5.24	-3.64	-4.86	-6.28	-5.89
Effect of Exchange Rate Changes	-12	6.48	4.77	-1.90	-16	-5.81	-9.44	-0.92	7.14	-31

This table presents ESAB's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	3,461	3,754	3,829	4,034
Total Current Assets	964	989	998	1,148
Cash & Equivalents	41	72	102	249
Accounts Receivable	383	374	385	370
Inventories, net	420	417	393	404
Prepaid Expenses	52	57	62	56
Other Current Assets	67	69	56	69
Plant, Property, & Equipment, net	286	284	294	298
Total Noncurrent Assets	2,211	2,481	2,537	2,587
Goodwill	1,533	1,530	1,588	1,652
Intangible Assets	521	517	500	488
Other Noncurrent Operating Assets	156	434	449	447
Total Liabilities & Shareholders' Equity	3,461	3,754	3,829	4,034
Total Liabilities	960	2,366	2,181	2,226
Total Current Liabilities	597	602	620	632
Short-Term Debt	-	-	0.00	15
Accounts Payable	345	316	307	318
Accrued Expenses	251	285	313	299
Total Noncurrent Liabilities	363	1,764	1,561	1,594
Long-Term Debt	0.00	1,219	1,018	1,061
Other Noncurrent Operating Liabilities	363	545	543	533
Total Equity & Noncontrolling Interests	2,502	1,388	1,648	1,808
Total Preferred & Common Equity	2,461	1,350	1,607	1,769
Total Common Equity	2,461	1,350	1,607	1,769
Common Stock	0.00	1,866	1,881	1,901
Retained Earnings	0.00	159	351	597
Accumulated Other Comprehensive Income / (Loss)	-461	-675	-624	-730
Noncontrolling Interest	41	38	40	39

This table presents ESAB's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,849	3,863	3,756	3,827	3,967	4,085
Total Current Assets	1,061	1,072	1,030	1,043	1,213	1,222
Cash & Equivalents	82	74	83	76	228	254
Accounts Receivable	404	413	388	430	431	421
Inventories, net	448	447	426	406	427	423
Prepaid Expenses	56	69	63	60	63	59
Other Current Assets	70	68	70	70	63	66
Plant, Property, & Equipment, net	284	282	276	290	287	296
Total Noncurrent Assets	2,505	2,509	2,450	2,494	2,467	2,567
Goodwill	1,564	1,586	1,554	1,587	1,584	1,668
Intangible Assets	518	505	491	484	477	500
Other Noncurrent Operating Assets	422	418	405	423	407	399
Total Liabilities & Shareholders' Equity	3,849	3,863	3,756	3,827	3,967	4,085
Total Liabilities	2,391	2,316	2,215	2,145	2,218	2,207
Total Current Liabilities	630	618	610	631	651	637
Accounts Payable	355	333	303	338	350	320
Accrued Expenses	275	285	308	293	301	317
Total Noncurrent Liabilities	1,760	1,698	1,605	1,514	1,567	1,570
Long-Term Debt	1,217	1,159	1,089	993	1,080	1,080
Other Noncurrent Operating Liabilities	544	539	515	521	487	490
Total Equity & Noncontrolling Interests	1,458	1,547	1,541	1,682	1,749	1,878
Total Preferred & Common Equity	1,420	1,506	1,501	1,641	1,708	1,837
Total Common Equity	1,420	1,506	1,501	1,641	1,708	1,837
Common Stock	1,868	1,873	1,876	1,882	1,886	1,894
Retained Earnings	188	250	304	407	485	548
Accumulated Other Comprehensive Income / (Loss)	-637	-617	-680	-648	-663	-605
Noncontrolling Interest	39	40	40	42	41	41

This table displays calculated financial ratios and metrics derived from ESAB's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	24.51%	6.81%	6.99%	-1.22%
EBITDA Growth	0.00%	41.69%	-7.28%	30.85%	-8.77%
EBIT Growth	0.00%	57.87%	-5.90%	34.61%	-8.35%
NOPAT Growth	0.00%	45.91%	10.57%	11.71%	25.13%
Net Income Growth	0.00%	49.30%	-4.47%	-7.45%	28.30%
EPS Growth	0.00%	49.62%	-5.87%	-8.94%	28.27%
Operating Cash Flow Growth	0.00%	-18.90%	-14.51%	54.18%	7.54%
Free Cash Flow Firm Growth	0.00%	0.00%	108.01%	42.30%	11.33%
Invested Capital Growth	0.00%	0.00%	3.03%	1.13%	2.77%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.92%	-0.67%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	5.69%	-13.89%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	6.63%	-15.77%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	2.39%	1.39%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-4.87%	1.30%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-4.55%	0.94%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	10.33%	1.28%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	47.05%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.63%	-2.57%
Profitability Metrics	-	-	-	-	-
Gross Margin	35.00%	34.51%	34.14%	36.61%	37.85%
EBITDA Margin	14.30%	16.27%	14.12%	17.27%	15.95%
Operating Margin	10.37%	12.61%	12.69%	14.57%	16.33%
EBIT Margin	10.37%	13.14%	11.58%	14.57%	13.51%
Profit (Net Income) Margin	8.20%	9.83%	8.79%	7.61%	9.88%
Tax Burden Percent	77.67%	74.80%	75.94%	66.13%	73.10%
Interest Burden Percent	101.84%	100.00%	100.00%	78.95%	100.00%
Effective Tax Rate	22.33%	25.20%	23.04%	30.00%	20.88%
Return on Invested Capital (ROIC)	0.00%	18.62%	10.14%	11.10%	13.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-28.12%	5.57%	4.13%	4.06%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.46%	1.58%	2.80%	2.05%
Return on Equity (ROE)	0.00%	19.08%	11.72%	13.90%	15.67%
Cash Return on Invested Capital (CROIC)	0.00%	-181.38%	7.15%	9.97%	10.89%
Operating Return on Assets (OROA)	0.00%	9.22%	8.32%	10.66%	9.42%
Return on Assets (ROA)	0.00%	6.90%	6.32%	5.57%	6.89%
Return on Common Equity (ROCE)	0.00%	18.77%	11.48%	13.54%	15.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.70%	16.89%	13.13%	15.31%
Net Operating Profit after Tax (NOPAT)	157	229	253	283	354
NOPAT Margin	8.05%	9.43%	9.77%	10.20%	12.92%
Net Nonoperating Expense Percent (NNEP)	0.00%	46.74%	4.57%	6.97%	9.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-	9.71%	10.61%	12.28%
Cost of Revenue to Revenue	65.00%	65.49%	65.86%	63.39%	62.15%
SG&A Expenses to Revenue	23.52%	21.12%	20.57%	21.17%	21.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.63%	21.90%	21.46%	22.04%	21.53%
Earnings before Interest and Taxes (EBIT)	202	319	300	404	370
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	279	395	366	479	437
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.07	3.24	4.10
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.08	1.88	2.65
Price to Earnings (P/E)	0.00	0.00	12.51	25.36	27.38
Dividend Yield	0.00%	0.00%	0.32%	0.27%	0.25%
Earnings Yield	0.00%	0.00%	7.99%	3.94%	3.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.57	2.40	3.08
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.54	2.22	2.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	10.88	12.86	18.56
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	13.27	15.25	21.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	15.73	21.78	22.93
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	18.59	18.65	22.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.30	24.23	28.67
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.88	0.62	0.59
Long-Term Debt to Equity	0.00	0.00	0.88	0.62	0.59
Financial Leverage	0.00	-0.02	0.28	0.68	0.50
Leverage Ratio	0.00	1.38	1.85	2.50	2.28
Compound Leverage Factor	0.00	1.38	1.85	1.97	2.28
Debt to Total Capital	0.00%	0.00%	46.74%	38.19%	37.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.52%
Long-Term Debt to Total Capital	0.00%	0.00%	46.74%	38.19%	36.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.64%	1.47%	1.51%	1.36%
Common Equity to Total Capital	0.00%	98.36%	51.79%	60.30%	61.34%
Debt to EBITDA	0.00	0.00	3.33	2.12	2.46
Net Debt to EBITDA	0.00	0.00	3.13	1.91	1.89
Long-Term Debt to EBITDA	0.00	0.00	3.33	2.12	2.43
Debt to NOPAT	0.00	0.00	4.81	3.60	3.04
Net Debt to NOPAT	0.00	0.00	4.53	3.24	2.33
Long-Term Debt to NOPAT	0.00	0.00	4.81	3.60	3.00
Altman Z-Score	0.00	0.00	1.85	2.75	3.30
Noncontrolling Interest Sharing Ratio	0.00%	1.64%	2.04%	2.59%	2.30%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.62	1.64	1.61	1.82
Quick Ratio	0.00	0.71	0.74	0.79	0.98
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,231	179	254	283
Operating Cash Flow to CapEx	894.28%	825.34%	605.63%	758.40%	740.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	2.99	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	3.88	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	3.37	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.70	0.72	0.73	0.70
Accounts Receivable Turnover	0.00	6.33	6.84	7.31	7.26
Inventory Turnover	0.00	3.79	4.08	4.34	4.28
Fixed Asset Turnover	0.00	8.48	9.09	9.59	9.25
Accounts Payable Turnover	0.00	4.60	5.16	5.65	5.45
Days Sales Outstanding (DSO)	0.00	57.65	53.33	49.96	50.31
Days Inventory Outstanding (DIO)	0.00	96.42	89.42	84.01	85.35
Days Payable Outstanding (DPO)	0.00	79.30	70.71	64.62	66.97
Cash Conversion Cycle (CCC)	0.00	74.77	72.04	69.34	68.68
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	2,461	2,535	2,564	2,635
Invested Capital Turnover	0.00	1.97	1.04	1.09	1.05
Increase / (Decrease) in Invested Capital	0.00	2,461	75	29	71
Enterprise Value (EV)	0.00	0.00	3,985	6,162	8,116
Market Capitalization	0.00	0.00	2,800	5,206	7,250
Book Value per Share	$0.00	$0.00	$22.43	$26.67	$29.26
Tangible Book Value per Share	$0.00	$0.00	($11.57)	($7.97)	($6.14)
Total Capital	0.00	2,502	2,607	2,666	2,884
Total Debt	0.00	0.00	1,219	1,018	1,076
Total Long-Term Debt	0.00	0.00	1,219	1,018	1,061
Net Debt	0.00	-41	1,147	916	826
Capital Expenditures (CapEx)	35	30	35	44	48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	326	315	276	282
Debt-free Net Working Capital (DFNWC)	0.00	367	387	378	531
Net Working Capital (NWC)	0.00	367	387	378	516
Net Nonoperating Expense (NNE)	-2.88	-9.63	25	72	83
Net Nonoperating Obligations (NNO)	0.00	-41	1,147	916	826
Total Depreciation and Amortization (D&A)	77	76	66	75	67
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	13.44%	12.15%	9.93%	10.29%
Debt-free Net Working Capital to Revenue	0.00%	15.13%	14.93%	13.61%	19.39%
Net Working Capital to Revenue	0.00%	15.13%	14.93%	13.61%	18.84%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$3.70	$3.39	$4.36
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	60.19M	60.34M	60.53M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$3.69	$3.36	$4.31
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	60.19M	60.34M	60.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	60.19M	60.34M	60.53M
Normalized Net Operating Profit after Tax (NOPAT)	174	243	271	300	362
Normalized NOPAT Margin	8.91%	10.02%	10.45%	10.80%	13.21%
Pre Tax Income Margin	10.56%	13.14%	11.58%	11.50%	13.51%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	4.75	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	3.33	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	4.24	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	2.81	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	2.69%	1.56%	4.16%	8.16%	7.63%
Augmented Payout Ratio	2.69%	1.56%	4.16%	8.16%	7.63%

This table displays calculated financial ratios and metrics derived from ESAB's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	5.57%	8.96%	9.79%	3.80%	0.84%	-1.86%	-1.14%	-2.70%
EBITDA Growth	0.00%	0.00%	11.58%	33.89%	18.77%	71.13%	-13.10%	7.57%	3.74%	5.36%
EBIT Growth	0.00%	0.00%	7.71%	39.33%	19.99%	92.73%	-10.21%	9.86%	4.81%	7.43%
NOPAT Growth	0.00%	0.00%	-25.07%	30.52%	25.16%	10.76%	96.61%	18.55%	10.76%	6.60%
Net Income Growth	0.00%	0.00%	-41.11%	19.99%	10.87%	-17.34%	85.43%	25.51%	18.13%	6.76%
EPS Growth	0.00%	0.00%	-44.09%	17.58%	9.30%	-16.16%	88.46%	26.17%	18.09%	4.82%
Operating Cash Flow Growth	0.00%	0.00%	136.60%	129.33%	35.06%	33.85%	16.81%	32.50%	-5.90%	3.66%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	94.12%	0.00%	0.00%	103.13%	193.85%	97.08%	-72.46%
Invested Capital Growth	0.00%	0.00%	0.00%	9.18%	0.00%	1.13%	0.22%	-1.17%	6.15%	2.77%
Revenue Q/Q Growth	-6.19%	7.07%	2.99%	5.32%	-5.47%	1.23%	0.06%	2.51%	-4.78%	-0.37%
EBITDA Q/Q Growth	5.90%	-28.85%	58.29%	12.26%	-6.06%	2.52%	-19.62%	38.96%	-9.41%	4.12%
EBIT Q/Q Growth	8.11%	-36.16%	68.47%	19.83%	-6.90%	2.54%	-21.51%	46.62%	-11.18%	5.10%
NOPAT Q/Q Growth	-4.44%	18.07%	-39.58%	91.48%	-8.37%	4.49%	7.24%	15.45%	-14.38%	0.56%
Net Income Q/Q Growth	-4.83%	16.79%	-46.66%	102.38%	-12.06%	-12.93%	19.67%	36.98%	-17.23%	-21.31%
EPS Q/Q Growth	-5.49%	15.12%	-47.47%	105.77%	-12.15%	-11.70%	18.07%	37.76%	-17.78%	-21.62%
Operating Cash Flow Q/Q Growth	191.00%	15.02%	-58.37%	64.59%	71.38%	13.99%	-63.67%	86.69%	21.71%	25.57%
Free Cash Flow Firm Q/Q Growth	100.00%	0.00%	0.00%	94.59%	-1,690.91%	102.07%	56.42%	62.05%	-155.69%	119.51%
Invested Capital Q/Q Growth	-100.00%	0.00%	2.29%	1.48%	-3.18%	0.63%	1.36%	0.07%	3.99%	-2.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.75%	33.79%	36.17%	36.63%	36.67%	36.95%	36.97%	38.23%	37.70%	38.51%
EBITDA Margin	16.11%	10.71%	16.45%	17.54%	17.43%	17.65%	14.18%	19.22%	18.29%	19.11%
Operating Margin	13.06%	11.83%	13.25%	15.08%	14.85%	15.05%	16.04%	16.88%	15.75%	16.61%
EBIT Margin	13.59%	8.10%	13.25%	15.08%	14.85%	15.05%	11.80%	16.88%	15.75%	16.61%
Profit (Net Income) Margin	8.60%	9.38%	4.86%	9.33%	8.68%	7.47%	8.93%	11.93%	10.37%	8.19%
Tax Burden Percent	73.92%	94.38%	46.68%	74.84%	73.30%	66.44%	75.66%	81.58%	78.36%	56.97%
Interest Burden Percent	85.57%	122.60%	78.48%	82.68%	79.73%	74.70%	100.00%	86.64%	84.06%	86.57%
Effective Tax Rate	24.73%	8.40%	52.03%	23.35%	24.56%	23.13%	22.73%	17.29%	20.28%	23.72%
Return on Invested Capital (ROIC)	0.00%	11.09%	12.89%	12.33%	24.19%	12.59%	13.28%	14.77%	13.19%	13.36%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	10.24%	11.08%	10.88%	20.77%	9.85%	10.95%	13.29%	11.59%	9.91%
Return on Net Nonoperating Assets (RNNOA)	0.00%	8.46%	8.63%	8.51%	13.56%	6.69%	7.15%	7.80%	6.21%	5.00%
Return on Equity (ROE)	0.00%	19.55%	21.52%	20.84%	37.75%	19.28%	20.43%	22.57%	19.41%	18.36%
Cash Return on Invested Capital (CROIC)	0.00%	7.05%	0.00%	0.00%	0.00%	9.97%	12.29%	14.21%	7.33%	10.89%
Operating Return on Assets (OROA)	0.00%	5.83%	9.06%	10.76%	21.75%	11.01%	8.55%	11.93%	11.08%	11.58%
Return on Assets (ROA)	0.00%	6.74%	3.32%	6.66%	12.71%	5.46%	6.47%	8.43%	7.30%	5.71%
Return on Common Equity (ROCE)	0.00%	19.15%	20.95%	20.25%	36.76%	18.78%	19.90%	22.01%	18.95%	17.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	14.43%	14.34%	14.78%	0.00%	14.59%	15.02%	14.55%	0.00%
Net Operating Profit after Tax (NOPAT)	61	72	43	83	76	80	86	99	85	85
NOPAT Margin	9.83%	10.84%	6.36%	11.56%	11.20%	11.57%	12.40%	13.96%	12.55%	12.67%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.85%	1.81%	1.45%	3.42%	2.74%	2.33%	1.48%	1.60%	3.45%
Return On Investment Capital (ROIC_SIMPLE)	-	2.76%	-	-	-	2.99%	-	-	-	2.95%
Cost of Revenue to Revenue	66.25%	66.21%	63.83%	63.37%	63.33%	63.05%	63.03%	61.77%	62.30%	61.49%
SG&A Expenses to Revenue	19.62%	20.98%	21.53%	20.84%	21.36%	20.98%	20.65%	20.68%	21.67%	21.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.69%	21.96%	22.91%	21.55%	21.82%	21.91%	20.93%	21.35%	21.95%	21.90%
Earnings before Interest and Taxes (EBIT)	84	54	91	109	101	104	81	119	106	111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	71	113	126	119	122	98	136	123	128
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.07	2.50	2.65	2.81	3.24	4.06	3.34	3.50	4.10
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	1.08	1.35	1.49	1.53	1.88	2.40	2.06	2.33	2.65
Price to Earnings (P/E)	0.00	12.51	17.69	18.98	19.56	25.36	28.57	22.76	24.63	27.38
Dividend Yield	0.30%	0.32%	0.34%	0.32%	0.31%	0.27%	0.22%	0.28%	0.26%	0.25%
Earnings Yield	0.00%	7.99%	5.65%	5.27%	5.11%	3.94%	3.50%	4.39%	4.06%	3.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.57	1.82	1.95	2.07	2.40	2.93	2.54	2.70	3.08
Enterprise Value to Revenue (EV/Rev)	0.00	1.54	1.79	1.90	1.92	2.22	2.74	2.38	2.65	2.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.88	11.58	11.87	11.62	12.86	15.44	13.11	14.39	18.56
Enterprise Value to EBIT (EV/EBIT)	0.00	13.27	14.03	14.27	13.89	15.25	17.97	15.17	16.61	21.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	15.73	19.49	19.60	19.06	21.78	23.48	19.36	20.92	22.93
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.59	19.95	18.85	17.58	18.65	22.63	18.47	20.82	22.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	24.23	23.89	17.75	37.94	28.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.88	0.83	0.75	0.71	0.62	0.59	0.62	0.58	0.59
Long-Term Debt to Equity	0.00	0.88	0.83	0.75	0.71	0.62	0.59	0.62	0.58	0.59
Financial Leverage	0.00	0.83	0.78	0.78	0.65	0.68	0.65	0.59	0.54	0.50
Leverage Ratio	0.00	1.85	2.64	2.66	2.44	2.50	2.44	2.38	2.29	2.28
Compound Leverage Factor	0.00	2.27	2.07	2.20	1.94	1.87	2.44	2.06	1.93	1.97
Debt to Total Capital	0.00%	46.74%	45.49%	42.84%	41.41%	38.19%	37.11%	38.16%	36.52%	37.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%
Long-Term Debt to Total Capital	0.00%	46.74%	45.49%	42.84%	41.41%	38.19%	37.11%	38.16%	36.52%	36.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	1.47%	1.45%	1.49%	1.53%	1.51%	1.55%	1.47%	1.37%	1.36%
Common Equity to Total Capital	0.00%	51.79%	53.07%	55.67%	57.06%	60.30%	61.33%	60.37%	62.11%	61.34%
Debt to EBITDA	0.00	3.33	2.99	2.69	2.40	2.12	2.01	2.15	2.13	2.46
Net Debt to EBITDA	0.00	3.13	2.79	2.51	2.22	1.91	1.86	1.69	1.63	1.89
Long-Term Debt to EBITDA	0.00	3.33	2.99	2.69	2.40	2.12	2.01	2.15	2.13	2.43
Debt to NOPAT	0.00	4.81	5.03	4.44	3.94	3.60	3.06	3.17	3.09	3.04
Net Debt to NOPAT	0.00	4.53	4.69	4.15	3.64	3.24	2.82	2.50	2.37	2.33
Long-Term Debt to NOPAT	0.00	4.81	5.03	4.44	3.94	3.60	3.06	3.17	3.09	3.00
Altman Z-Score	0.00	1.63	1.85	2.06	2.21	2.49	2.94	2.68	2.87	3.09
Noncontrolling Interest Sharing Ratio	0.00%	2.04%	2.65%	2.83%	2.61%	2.59%	2.56%	2.48%	2.37%	2.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.64	1.68	1.73	1.69	1.61	1.65	1.86	1.92	1.82
Quick Ratio	0.00	0.74	0.77	0.79	0.77	0.79	0.80	1.01	1.06	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-2,550	-138	-2,471	51	80	130	-72	14
Operating Cash Flow to CapEx	1,083.03%	516.04%	541.65%	779.76%	1,244.10%	615.55%	631.10%	945.19%	1,297.05%	520.94%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-130.68	-7.33	-120.54	1.95	0.00	8.12	-4.27	0.00
Operating Cash Flow to Interest Expense	6.54	0.00	1.95	3.33	5.24	4.66	0.00	5.21	5.98	0.00
Operating Cash Flow Less CapEx to Interest Expense	5.93	0.00	1.59	2.90	4.82	3.91	0.00	4.66	5.52	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.72	0.68	0.71	1.46	0.73	0.72	0.71	0.70	0.70
Accounts Receivable Turnover	0.00	6.84	6.51	6.75	0.00	7.31	6.67	6.56	6.82	7.26
Inventory Turnover	0.00	4.08	3.84	3.79	0.00	4.34	4.12	3.98	4.07	4.28
Fixed Asset Turnover	0.00	9.09	9.27	9.64	0.00	9.59	9.68	9.73	9.64	9.25
Accounts Payable Turnover	0.00	5.16	4.84	5.03	0.00	5.65	5.07	5.09	5.54	5.45
Days Sales Outstanding (DSO)	0.00	53.33	56.10	54.09	0.00	49.96	54.76	55.66	53.53	50.31
Days Inventory Outstanding (DIO)	0.00	89.42	95.09	96.40	0.00	84.01	88.69	91.79	89.72	85.35
Days Payable Outstanding (DPO)	0.00	70.71	75.36	72.54	0.00	64.62	72.05	71.78	65.88	66.97
Cash Conversion Cycle (CCC)	0.00	72.04	75.82	77.95	0.00	69.34	71.40	75.67	77.38	68.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,535	2,593	2,631	2,548	2,564	2,599	2,601	2,704	2,635
Invested Capital Turnover	0.00	1.02	2.03	1.07	2.16	1.09	1.07	1.06	1.05	1.05
Increase / (Decrease) in Invested Capital	0.00	0.00	2,593	221	2,548	29	5.58	-31	157	71
Enterprise Value (EV)	1,992	3,985	4,715	5,120	5,266	6,162	7,624	6,598	7,305	8,116
Market Capitalization	1,992	2,800	3,542	3,995	4,219	5,206	6,666	5,706	6,438	7,250
Book Value per Share	$0.00	$22.43	$23.58	$25.01	$24.91	$26.67	$27.19	$28.27	$30.40	$29.26
Tangible Book Value per Share	$0.00	($11.57)	($11.02)	($9.71)	($9.04)	($7.97)	($7.13)	($5.83)	($5.47)	($6.14)
Total Capital	0.00	2,607	2,675	2,706	2,630	2,666	2,675	2,829	2,958	2,884
Total Debt	0.00	1,219	1,217	1,159	1,089	1,018	993	1,080	1,080	1,076
Total Long-Term Debt	0.00	1,219	1,217	1,159	1,089	1,018	993	1,080	1,080	1,061
Net Debt	0.00	1,147	1,135	1,085	1,006	916	916	851	827	826
Capital Expenditures (CapEx)	7.34	18	7.03	8.04	8.63	20	7.05	8.78	7.79	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	315	348	379	337	276	335	333	331	282
Debt-free Net Working Capital (DFNWC)	0.00	387	430	453	419	378	411	561	584	531
Net Working Capital (NWC)	0.00	387	430	453	419	378	411	561	584	516
Net Nonoperating Expense (NNE)	7.65	9.71	10	16	17	28	24	14	15	30
Net Nonoperating Obligations (NNO)	0.00	1,147	1,135	1,085	1,006	916	916	851	827	826
Total Depreciation and Amortization (D&A)	16	17	22	18	18	18	16	17	17	17
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	12.15%	13.24%	14.09%	12.24%	9.93%	12.05%	12.03%	11.99%	10.29%
Debt-free Net Working Capital to Revenue	0.00%	14.93%	16.36%	16.86%	15.25%	13.61%	14.80%	20.29%	21.18%	19.39%
Net Working Capital to Revenue	0.00%	14.93%	16.36%	16.86%	15.25%	13.61%	14.80%	20.29%	21.18%	18.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.99	$0.52	$1.08	$0.95	$0.84	$0.99	$1.36	$1.12	$0.89
Adjusted Weighted Average Basic Shares Outstanding	0.00	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M
Adjusted Diluted Earnings per Share	$0.00	$0.99	$0.52	$1.07	$0.94	$0.83	$0.98	$1.35	$1.11	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	0.00	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	60.19M	60.22M	60.26M	60.27M	60.34M	60.42M	60.44M	60.45M	60.53M
Normalized Net Operating Profit after Tax (NOPAT)	66	78	70	87	79	85	87	103	86	86
Normalized NOPAT Margin	10.64%	11.73%	10.24%	12.11%	11.55%	12.28%	12.61%	14.52%	12.78%	12.86%
Pre Tax Income Margin	11.63%	9.94%	10.40%	12.47%	11.84%	11.24%	11.80%	14.63%	13.24%	14.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.93	0.00	4.65	5.77	4.93	3.95	0.00	7.49	6.28	0.00
NOPAT to Interest Expense	5.01	0.00	2.23	4.42	3.72	3.04	0.00	6.19	5.00	0.00
EBIT Less CapEx to Interest Expense	6.33	0.00	4.29	5.35	4.51	3.19	0.00	6.94	5.81	0.00
NOPAT Less CapEx to Interest Expense	4.41	0.00	1.87	4.00	3.30	2.28	0.00	5.64	4.54	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	4.16%	6.26%	7.35%	7.42%	8.16%	6.92%	7.17%	7.49%	7.63%
Augmented Payout Ratio	0.00%	4.16%	6.26%	7.35%	7.42%	8.16%	6.92%	7.17%	7.49%	7.63%

Frequently Asked Questions About ESAB's Financials

When does ESAB's fiscal year end?

According to the most recent income statement we have on file, ESAB's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ESAB's net income changed over the last 4 years?

ESAB's net income appears to be on an upward trend, with a most recent value of $270.75 million in 2024, rising from $159.87 million in 2020. The previous period was $211.02 million in 2023.

What is ESAB's operating income?

ESAB's total operating income in 2024 was $447.45 million, based on the following breakdown:

Total Gross Profit: $1.04 billion
Total Operating Expenses: $590.01 million

How has ESAB revenue changed over the last 4 years?

Over the last 4 years, ESAB's total revenue changed from $1.95 billion in 2020 to $2.74 billion in 2024, a change of 40.5%.

How much debt does ESAB have?

ESAB's total liabilities were at $2.23 billion at the end of 2024, a 2.1% increase from 2023, and a 132.0% increase since 2021.

How much cash does ESAB have?

In the past 3 years, ESAB's cash and equivalents has ranged from $41.21 million in 2021 to $249.36 million in 2024, and is currently $249.36 million as of their latest financial filing in 2024.

How has ESAB's book value per share changed over the last 4 years?

Over the last 4 years, ESAB's book value per share changed from 0.00 in 2020 to 29.26 in 2024, a change of 2,926.5%.

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This page (NYSE:ESAB) was last updated on 4/15/2025 by MarketBeat.com Staff

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ESAB (ESAB) Financials

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ESAB (ESAB) Financials

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