Crane vs ESAB
ESAB is the larger business, with $2.84bn of revenue in fiscal 2025 against $2.31bn for Crane (1.2 times as much). Crane grew faster (8.2% against 3.7%). Crane kept more of each dollar of sales as profit: a net margin of 15.9% against 8.0%. Crane carries less debt relative to equity (55.7% against 57.4%).
| Latest fiscal year | CraneCR, 2025 | ESABESAB, 2025 |
|---|---|---|
| Revenue | $2.31bn | $2.84bn |
| Revenue growth | 8.2% | 3.7% |
| Net income | $367m | $227m |
| Operating margin | 18.4% | 14.5% |
| Net margin | 15.9% | 8.0% |
| Return on equity | 19.8% | 11.5% |
| Free cash flow | $341m | $213m |
| Cash | $507m | $186m |
| Total debt | $1.15bn | $1.24bn |
| Debt to equity | 55.7% | 57.4% |
| Dividend per share | $0.92 | $0.38 |
| Dividend yield | 0.5% | 0.5% |
| Share buybacks | — | — |
| Employees | 4,200 | 10,300 |
| Market value | $11.99bn | $4.74bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | — | 60 (Moderate) |
| Insider trades, 12 months | 6 buys, 3 sales | 0 buys, 11 sales |