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ESAB Corp ESAB

NYSE · stock · General Industrial Machinery & Equipment, NEC · website · IPO 2022-03-21 · LEI

ESAB Corp statistics & valuation

Market cap$6.1B
P / E27.0×
P / S2.2×
P / B2.8×
P / FCF28.7×
Dividend yield0.36%
Net margin8.0%
Return on equity10.3%
FCF margin7.5%
Net debt$1.0B
Net debt / EBITDA2.1×
Enterprise value USD$7.2B
EV / EBITDA14.5×
Earnings yield EBIT/EV5.7%
Return on capital10%
Graham number -36.6%$54.60

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($54.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.70% 8.60% 7.40% 9.70% 8.00% 20212022202320242025
Gross margin (%)
34.50% 34.10% 36.60% 37.90% 36.90% 20212022202320242025
Operating margin (%)
12.60% 12.70% 14.60% 16.30% 14.50% 20212022202320242025
Return on equity (%)
9.40% 16.10% 12.50% 14.60% 10.30% 20212022202320242025
Shares outstanding
60.0M 60.2M 60.7M 61.1M 61.3M 20212022202320242025
Net debt ($)
-$41.2M $1.15B $916.1M $811.4M $1.05B 20212022202320242025
Share buybacks ($)
20212022202320242025
Return on assets (%)
6.80% 6.00% 5.40% 6.60% 4.80% 20212022202320242025
Free cash flow margin (%)
8.90% 6.70% 10.20% 11.10% 7.50% 20212022202320242025
Debt / equity (×)
0.00× 0.88× 0.62× 0.59× 0.56× 20212022202320242025
EPS ($)
$3.92 $3.69 $3.36 $4.31 $3.67 20212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ESAB Corp trades at about 23.4× earnings — below its 10-year norm (10-year range 15.7×–33×, median 28.7×).

15.7× 33×

Shaded band = 10-year range (15.7×–33×); dot = today's 23.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021
Gross margin36.9%37.9%36.6%34.1%34.5%
Operating margin14.5%16.3%14.6%12.7%12.6%
Net margin8.0%9.7%7.4%8.6%9.7%
FCF margin7.5%11.1%10.2%6.7%8.9%
Return on assets4.8%6.6%5.4%6.0%6.8%
Return on equity10.3%14.6%12.5%16.1%9.4%
Debt / equity0.56×0.59×0.62×0.88×0.00×
Current ratio1.901.821.611.641.62

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.