ESAB vs Nordson
ESAB and Nordson are similar in size: $2.84bn and $2.79bn of revenue in their latest fiscal years. Nordson grew faster (3.8% against 3.7%). Nordson kept more of each dollar of sales as profit: a net margin of 17.4% against 8.0%. ESAB carries less debt relative to equity (57.4% against 65.7%).
| Latest fiscal year | ESABESAB, 2025 | NordsonNDSN, 2025 |
|---|---|---|
| Revenue | $2.84bn | $2.79bn |
| Revenue growth | 3.7% | 3.8% |
| Net income | $227m | $484m |
| Operating margin | 14.5% | 25.5% |
| Net margin | 8.0% | 17.4% |
| Return on equity | 11.5% | 16.2% |
| Free cash flow | $213m | $661m |
| Cash | $186m | $108m |
| Total debt | $1.24bn | $2.00bn |
| Debt to equity | 57.4% | 65.7% |
| Dividend per share | $0.38 | $3.16 |
| Dividend yield | 0.5% | 1.0% |
| Share buybacks | — | $306m |
| Employees | 10,300 | 8,000 |
| Market value | $4.74bn | $18.61bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 60 (Moderate) | 91 (Strong) |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 53 sales |