ESAB Corp (ESAB) financial statements: income statement, balance sheet and cash flow
ESAB Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ESAB Corp reported revenue of $2.8B (+3.7% year on year) and net income of $259.1M (-11.6% year on year).
Income statement
ESAB Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$2.8B
$2.7B
$2.8B
$2.6B
Cost of sales
$1.8B
$1.7B
$1.8B
$1.7B
Gross profit
$1.0B
$1.0B
$1.0B
$885.5M
Selling, general and administrative expense
$608.4M
$579.8M
$587.5M
$533.4M
Restructuring and other related charges
$27.8M
$10.2M
$24.1M
$23.1M
Operating income
$412.2M
$447.4M
$404.2M
$329.1M
Pension settlement loss
$0
$12.2M
$0
($9.1M)
Interest expense and other, net
$83.9M
$64.9M
$85.1M
—
Income from continuing operations before income taxes
$328.3M
$370.4M
$319.1M
$300.3M
Income tax expense
$69.2M
$77.3M
$95.7M
$69.2M
Net income from continuing operations
$259.1M
$293.1M
$223.4M
$231.1M
Loss from discontinued operations, net of taxes
($25.9M)
($22.3M)
($12.3M)
($3.1M)
Net income
$233.2M
$270.7M
$211.0M
$228.0M
Income attributable to noncontrolling interest, net of taxes
($6.5M)
($5.9M)
$5.7M
$4.3M
Net income attributable to ESAB Corporation
$226.8M
$264.8M
$205.3M
$223.7M
Income from continuing operations (in dollars per share)
$4.14
$4.73
$3.59
$3.75
Net income per share (in dollars per share)
$3.71
$4.36
$3.39
$3.70
Income from continuing operations (in dollars per share)
$4.10
$4.68
$3.56
$3.74
Loss on discontinued operations (in dollars per share)
-$0.43
-$0.37
-$0.20
-$0.05
Net income per share - diluted (in dollars per share)
$3.67
$4.31
$3.36
$3.69
ESAB Corp income statement, quarters
Line item
Jul 3, 2026 · Q3
Apr 3, 2026 · Q2
Oct 3, 2025 · Q4
Jul 4, 2025 · Q3
Net sales
$807.6M
$745.6M
$727.8M
$715.6M
Cost of sales
$500.4M
$470.5M
$458.5M
$449.5M
Gross profit
$307.2M
$275.1M
$269.3M
$266.0M
Selling, general and administrative expense
$210.2M
$174.5M
$158.3M
$155.6M
Restructuring and other related charges
$18.3M
$10.2M
$4.3M
$1.4M
Operating income
$78.7M
$90.5M
$106.6M
$109.1M
Interest expense and other, net
$30.6M
$25.6M
$23.6M
$21.0M
Income from continuing operations before income taxes
$48.1M
$64.9M
$83.0M
$88.1M
Income tax expense
$11.7M
$13.1M
$17.7M
$18.3M
Net income from continuing operations
$36.4M
$51.8M
$65.3M
$69.8M
Loss from discontinued operations, net of taxes
($2.4M)
($2.6M)
($8.8M)
($1.7M)
Net income
$34.0M
$49.2M
$56.5M
$68.1M
Income attributable to noncontrolling interest, net of taxes
($1.6M)
($1.6M)
($1.7M)
($1.2M)
Net income attributable to ESAB Corporation
$32.4M
$47.6M
$54.8M
$66.9M
Mandatory convertible preferred stock dividends
($1.4M)
—
—
—
Net income attributable to common stockholders
$31.0M
—
—
—
Net income per share (in dollars per share)
$0.50
$0.78
$0.90
$1.10
Income from continuing operations (in dollars per share)
$0.54
$0.82
$1.05
$1.13
Loss on discontinued operations (in dollars per share)
-$0.04
-$0.04
-$0.15
-$0.03
Net income per share - diluted (in dollars per share)
$0.50
$0.78
$0.90
$1.09
Balance sheet
ESAB Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$185.9M
$249.4M
$102.0M
$72.0M
Trade receivables, less allowance for credit losses of $21,765 and $23,850
$451.3M
$370.3M
$385.2M
$374.3M
Inventories, net
$481.8M
$403.7M
$392.9M
$416.8M
Prepaid expenses
$66.1M
$55.7M
$61.8M
$56.6M
Other current assets
$76.9M
$69.3M
$55.9M
$68.9M
Total current assets
$1.3B
$1.1B
$997.7M
$988.7M
Property, plant and equipment, net
$381.9M
$298.3M
$294.3M
$284.2M
Goodwill
$1.9B
$1.7B
$1.6B
$1.5B
Intangible assets, net
$673.0M
$488.0M
$499.5M
$517.2M
Lease asset - right of use
$113.3M
$89.9M
$95.6M
$92.0M
Other assets
$386.3M
$357.4M
$353.1M
$342.2M
Total assets
$4.8B
$4.0B
$3.8B
$3.8B
Current portion of long-term debt
$2.4M
$15.0M
—
—
Accounts payable
$360.4M
$318.5M
$306.6M
$316.3M
Accrued liabilities
$302.0M
$298.6M
$313.5M
$285.3M
Total current liabilities
$664.8M
$632.1M
$620.1M
$601.6M
Long-term debt
$1.2B
$1.1B
$1.0B
$1.2B
Other liabilities
$657.2M
$532.9M
$542.8M
$545.3M
Total liabilities
$2.6B
$2.2B
$2.2B
$2.4B
Common stock - $0.001 par value - 600,000,000 shares authorized; 60,721,079 and 60,517,574 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
61.0K
61.0K
60.0K
60.0K
Additional paid-in capital
$1.9B
$1.9B
$1.9B
$1.9B
Retained earnings
$800.8M
$597.2M
$350.6M
$159.2M
Accumulated other comprehensive loss
($539.7M)
($729.6M)
($624.3M)
($675.0M)
Total ESAB Corporation equity
$2.2B
$1.8B
$1.6B
$1.4B
Noncontrolling interest
$45.5M
$39.2M
$40.3M
$38.3M
Total equity
$2.2B
$1.8B
$1.6B
$1.4B
Total liabilities and equity
$4.8B
$4.0B
$3.8B
$3.8B
ESAB Corp balance sheet, quarters
Line item
Jul 3, 2026
Apr 3, 2026
Oct 3, 2025
Jul 4, 2025
Cash and cash equivalents
$217.5M
$1.0B
$218.2M
$258.2M
Trade receivables, less allowance for credit losses of $22,538 and $21,765
$554.1M
$488.5M
$460.5M
$456.1M
Inventories, net
$581.5M
$520.6M
$503.7M
$474.1M
Prepaid expenses
$84.5M
$79.0M
$64.3M
$67.2M
Other current assets
$90.8M
$77.3M
$87.0M
$80.6M
Total current assets
$1.5B
$2.2B
$1.3B
$1.3B
Property, plant and equipment, net
$389.8M
$377.4M
$357.9M
$326.7M
Goodwill
$2.7B
$1.9B
$2.0B
$1.8B
Intangible assets, net
$1.4B
$655.9M
$684.4M
$542.0M
Lease assets - right of use
$143.4M
$106.2M
$133.8M
$88.8M
Other assets
$382.6M
$384.5M
$396.8M
$348.6M
Total assets
$6.6B
$5.6B
$4.9B
$4.4B
Long-Term Debt, Current Maturities
$5.9M
$3.8M
$2.2M
$21.7M
Accounts payable
$407.4M
$398.5M
$342.2M
$369.5M
Accrued liabilities
$365.6M
$327.7M
$324.7M
$295.2M
Total current liabilities
$779.0M
$730.0M
$669.1M
$686.5M
Long-term debt
$2.4B
$2.0B
$1.3B
$1.1B
Other liabilities
$808.0M
$626.6M
$704.2M
$575.3M
Total liabilities
$4.0B
$3.4B
$2.7B
$2.3B
6.50% Series A Mandatory Convertible Preferred Stock, 175,000 shares issued and outstanding at July 3, 2026; no shares issued or outstanding at December 31, 2025
171.1M
—
—
—
Common stock - $0.001 par value - 600,000,000 shares authorized, 62,167,669 and 60,721,079 shares outstanding as of July 3, 2026 and December 31, 2025, respectively
62.0K
61.0K
61.0K
61.0K
Additional paid-in capital
$2.0B
$1.9B
$1.9B
$1.9B
Retained earnings
$865.8M
$842.3M
$769.2M
$720.5M
Accumulated other comprehensive loss
($548.2M)
($557.0M)
($554.2M)
($549.7M)
Total ESAB Corporation equity
$2.5B
$2.2B
$2.1B
$2.1B
Noncontrolling interest
$45.5M
$44.9M
$46.1M
$42.1M
Total equity
$2.6B
$2.2B
$2.2B
$2.1B
Total liabilities and equity
$6.6B
$5.6B
$4.9B
$4.4B
Common stock, par value (in dollars per share)
$0.00
—
—
—
Cash flow statement
ESAB Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$233.2M
$270.7M
$211.0M
$228.0M
Depreciation, amortization and other impairment charges
$84.1M
$66.8M
$75.0M
$66.0M
Net gain on sale of property, plant and equipment
($5.6M)
—
—
$239.0K
Stock-based compensation expense
$16.9M
$19.8M
$16.1M
$13.0M
Deferred income tax benefit
($35.7M)
($2.6M)
($25.4M)
($20.2M)
Non-cash interest expense
$2.9M
$2.9M
$1.2M
$2.0M
Pension settlement loss
$0
$12.2M
$0
($9.1M)
Trade receivables, net
($40.0M)
($4.8M)
($6.0M)
($8.1M)
Inventories, net
($5.6M)
($22.5M)
$18.0M
($10.1M)
Accounts payable
$6.7M
$31.9M
($19.8M)
($28.8M)
Other operating assets and liabilities
$3.6M
($18.9M)
$60.4M
($18.5M)
Net cash provided by operating activities
$260.6M
$355.4M
$330.5M
$214.4M
Purchases of property, plant and equipment
($47.3M)
($51.8M)
($48.2M)
($40.2M)
Proceeds from sale of property, plant and equipment
$6.5M
$3.8M
$4.6M
$4.8M
Acquisitions, net of cash received
($438.3M)
($153.7M)
($18.7M)
($149.0M)
Payment for (Proceeds from) Other Investing Activity
($816.0K)
($4.1M)
—
—
Net cash used in investing activities
($479.9M)
($205.7M)
($62.2M)
($184.4M)
Proceeds from borrowings on Senior Notes
$0
$700.0M
—
—
Repayments of borrowings on Term Loan
($385.0M)
($602.5M)
($12.5M)
—
Proceeds from borrowings on Term Loan
$350.0M
$0
$0
—
Proceeds from borrowings on revolving credit facilities and other
$410.7M
$205.0M
$574.1M
$1.0B
Repayments of borrowings on revolving credit facilities and other
($217.1M)
($237.0M)
($763.2M)
($585.5M)
Payment of debt issuance costs
($5.4M)
($13.2M)
($972.0K)
($4.7M)
Payment of dividends
($21.9M)
($17.0M)
($13.3M)
($6.1M)
Distributions to noncontrolling interest holders
($4.2M)
($3.7M)
($3.9M)
($3.4M)
Other financing
($13.4M)
—
—
—
Net cash provided by (used in) financing activities
$113.7M
$31.7M
($219.7M)
$7.6M
Effect of foreign exchange rates on Cash and cash equivalents
$42.1M
($34.0M)
($18.6M)
($6.7M)
(Decrease) increase in Cash and cash equivalents
($63.5M)
$147.4M
$30.0M
$30.8M
Cash and cash equivalents, beginning of period
$249.4M
$102.0M
$72.0M
$41.2M
Cash and cash equivalents, end of period
$185.9M
$249.4M
$102.0M
$72.0M
Interest payments, net
$66.6M
$62.3M
$79.1M
$34.7M
Income tax payments, net
$92.7M
$94.5M
$132.9M
$85.7M
ESAB Corp cash flow statement, quarters
Line item
Jul 3, 2026 · YTD
Apr 3, 2026 · Q2
Oct 3, 2025 · YTD
Jul 4, 2025 · YTD
Net income
$83.2M
$49.2M
$194.5M
$137.9M
Depreciation, amortization and other impairment charges
$51.7M
$23.9M
$58.7M
$36.8M
Net gain on sale of property, plant and equipment
($60.0K)
($56.0K)
($5.7M)
($5.7M)
Stock-based compensation expense
$10.4M
$3.9M
$12.5M
$9.9M
Deferred income tax benefit
($15.2M)
($4.8M)
($7.7M)
($6.8M)
Amortization of debt issuance costs
$7.3M
$5.8M
$1.9M
$1.3M
Trade receivables, net
($39.5M)
($33.8M)
($50.4M)
($49.2M)
Inventories, net
($51.5M)
($40.1M)
($28.9M)
($37.4M)
Accounts payable
$36.3M
$39.7M
($9.9M)
$23.2M
Other operating assets and liabilities
($2.3M)
$3.2M
($1.5M)
($28.1M)
Net cash provided by operating activities
$80.3M
$46.9M
$163.5M
$82.0M
Purchases of property, plant and equipment
($31.4M)
($13.7M)
($27.7M)
($16.5M)
Proceeds from sale of property, plant and equipment
$359.0K
$275.0K
$4.7M
$4.7M
Acquisitions, net of cash received
$1.5B
—
($439.7M)
($86.3M)
Other investing
$0
—
$539.0K
($500.0K)
Net cash used in investing activities
($1.5B)
($13.4M)
($462.1M)
($98.5M)
Proceeds from issuance of Preferred Stock, net
$171.1M
—
—
—
Proceeds from issuance of Common Stock, net
$139.8M
—
—
—
Proceeds from borrowings on Senior Notes
$1.0B
$1.0B
$0
$0
Payment of debt issuance costs
($17.8M)
($17.0M)
$0
$0
Proceeds from borrowings on revolving credit facilities and other
$904.3M
$131.2M
$359.6M
$8.7M
Repayments of borrowings on Term Loans
$0
$0
($10.0M)
($5.0M)
Repayments of borrowings on revolving credit facilities and other
($730.8M)
($317.4M)
($90.4M)
$0
Payment of dividends
($12.2M)
($6.1M)
($15.8M)
($9.7M)
Distributions to noncontrolling interest holders
($1.1M)
($1.1M)
($3.1M)
($1.2M)
Other financing
($5.2M)
($3.4M)
($13.0M)
($12.4M)
Net cash provided by (used in) financing activities
$1.4B
$786.2M
$227.3M
($19.6M)
Effect of foreign exchange rates on Cash and cash equivalents