ESAB Corp income statement
In fiscal 2025, ESAB Corp reported revenue of $2.84bn, up 3.7% on the year before, operating income of $412m (a 14.5% margin) and net income of $227m, or $3.67 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,950 | 2,428 | 2,593 | 2,775 | 2,741 | 2,843 | 3,002 |
| Cost of revenue | 1,268 | 1,590 | 1,708 | 1,759 | 1,703 | 1,794 | 1,893 |
| Gross profit | 682 | 838 | 886 | 1,016 | 1,037 | 1,048 | 1,109 |
| Research and development | 35 | 40 | 36 | 39 | 39 | 44 | 49 |
| Selling, general and administrative | 459 | 513 | 533 | 587 | 580 | 608 | 697 |
| Operating income | 202 | 306 | 329 | 404 | 447 | 412 | 362 |
| Income before tax | 206 | 319 | 300 | 319 | 370 | 328 | 260 |
| Income tax | 46 | 80 | 69 | 96 | 77 | 69 | 55 |
| Net income | 157 | 235 | 224 | 205 | 265 | 227 | 173 |
| Diluted EPS | $2.62 | $3.92 | $3.69 | $3.36 | $4.31 | $3.67 | $2.81 |
| Diluted shares (average) | 60m | 60m | 60m | 61m | 61m | 61m | 61m |
| EBITDA | 279 | 382 | 395 | 479 | 514 | 496 | 461 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 673 | 671 | 678 | 716 | 728 | 721 | 746 | 808 |
| Cost of revenue | 419 | 412 | 423 | 450 | 459 | 463 | 470 | 500 |
| Gross profit | 254 | 258 | 255 | 266 | 269 | 258 | 275 | 307 |
| Research and development | 9 | 10 | 10 | 11 | 11 | 13 | 13 | 13 |
| Selling, general and administrative | 146 | 145 | 141 | 156 | 158 | 154 | 174 | 210 |
| Operating income | 106 | 111 | 110 | 109 | 107 | 87 | 90 | 79 |
| Income before tax | 89 | 96 | 93 | 88 | 83 | 64 | 65 | 48 |
| Income tax | 18 | 23 | 20 | 18 | 18 | 13 | 13 | 12 |
| Net income | 68 | 54 | 67 | 67 | 55 | 38 | 48 | 32 |
| Diluted EPS | $1.11 | $0.87 | $1.10 | $1.09 | $0.90 | $0.60 | $0.78 | $0.50 |
| EBITDA | 123 | 128 | 127 | 128 | 129 | 112 | 114 | 107 |
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