The Tip Desk

ESAB Corp

Company Stats

Market Cap
$4.1B
as of Sep 30, 2026
Enterprise Value
$5.2B
Shares Outstanding
62.2M
Free Float
85.8%

Income Statement

Revenue
$2.8B
Operating Income
$412.2M
Net Income
$226.8M
EBITDA
$496.3M
Revenue Growth, 3Y
3.1%
FCF Margin, 3Y Avg
9.6%
FCF Margin, Worst Year
7.5%

Cash Flow

Free Cash Flow
$213.3M
FCF Yield
5.2%
Owner FCF Yield
4.8%

Balance Sheet

Cash & Equivalents
$185.9M
Total Debt
$1.2B
Net Debt
$1.1B
Net Debt / EBITDA
2.13x
EV / EBITDA
10.38x
Net Debt / EBIT
2.57x

Returns & Capital

Dividends Paid
$21.9M
Dividend Yield
0.5%
Dividend Payout, 3Y Avg
7.5%
SBC, 3Y Avg
$17.6M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.8B$213.3M7.5%
FY2024$2.7B$303.6M11.1%
FY2023$2.8B$282.3M10.2%
FY2022$2.6B$174.1M6.7%
FY2021$2.4B$215.2M8.9%

Annual filing data through FY ended December 31, 2025; shares and float as of October 15, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage