Growth Metrics

Esab (ESAB) Change in Inventory (2021 - 2025)

Esab (ESAB) reported Change in Inventory of -$23.4 million for Q4 2025, down 155.07% year-over-year from $42.4 million in Q4 2024, and down 175.3% on a QoQ basis from -$8.5 million in Q4 2025.

Esab (ESAB) has 5 years of Change in Inventory data on file, last reported at -$23.4 million in Q4 2025.

  • Quarterly Change in Inventory fell 155.07% year-over-year to -$23.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $5.6 million (down 75.24% YoY) and the FY2025 annual result came in at $5.6 million, down 75.24% from the prior year.
  • Change in Inventory eased to -$23.4 million in Q4 2025 per ESAB's latest filing, from -$8.5 million in the prior quarter.
  • Across five years, Change in Inventory topped out at $41.9 million in Q2 2022 and bottomed at -$44.7 million in Q4 2022.
  • The 5-year median for Change in Inventory is $7.5 million (2021), against an average of $6.9 million.
  • The widest annual swing landed in 2022, when Change in Inventory plunged 474.27%; it then surged 734.91% in 2024.
  • Tracing ESAB's Change in Inventory over 5 years: stood at $11.9 million in 2021, then sank by 474.27% to -$44.7 million in 2022, then rose by 23.54% to -$34.2 million in 2023, then soared by 73.2% to -$9.2 million in 2024, then sank by 155.07% to -$23.4 million in 2025.
  • Per Business Quant, the three latest ESAB Change in Inventory figures stand at -$23.4 million (Q4 2025), -$8.5 million (Q4 2025), and $2.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Ati 22.19 Bn 21.90 Bn 262.90 Mn 179.00 Mn
2 Carpenter Technology 21.71 Bn 21.41 Bn 251.80 Mn 17.20 Mn
3 Mueller Industries 14.55 Bn 13.18 Bn 358.44 Mn 43.94 Mn
4 Esab 5.57 Bn 5.43 Bn 257.79 Mn -23.35 Mn
5 Worthington Enterprises 2.71 Bn 2.70 Bn 109.47 Mn -11.00 Mn
6 Proto Labs 1.70 Bn 1.56 Bn 63.59 Mn 585,000.00
7 Mayville Engineering Company 520.33 Mn 518.26 Mn 10.96 Mn 6.73 Mn
8 Insteel Industries 517.83 Mn 502.74 Mn 16.49 Mn -13.31 Mn
9 Tredegar 271.32 Mn 255.71 Mn 28.99 Mn 19.11 Mn
10 Techprecision 38.93 Mn 38.86 Mn 381,000.00 -799,000.00

Historic Data

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DateValue
Dec 31, 2025 -23.35 Mn
Dec 31, 2025 -23.35 Mn
Oct 3, 2025 -8.48 Mn
Oct 3, 2025 -8.48 Mn
Jul 4, 2025 2.01 Mn
Jul 4, 2025 2.01 Mn
Apr 4, 2025 35.39 Mn
Apr 4, 2025 35.39 Mn
Dec 31, 2024 -9.16 Mn
Dec 31, 2024 -9.16 Mn
Sep 27, 2024 -10.49 Mn
Sep 27, 2024 -10.49 Mn
Jun 28, 2024 26.07 Mn
Jun 28, 2024 26.07 Mn
Mar 29, 2024 16.08 Mn
Mar 29, 2024 16.08 Mn
Dec 31, 2023 -34.17 Mn
Dec 31, 2023 -34.17 Mn
Sep 29, 2023 -8.52 Mn
Sep 29, 2023 -8.52 Mn
Jun 30, 2023 3.12 Mn
Jun 30, 2023 3.12 Mn
Mar 31, 2023 21.61 Mn
Mar 31, 2023 21.61 Mn
Dec 31, 2022 -44.69 Mn
Dec 31, 2022 -44.69 Mn
Sep 30, 2022 -11.23 Mn
Sep 30, 2022 -11.23 Mn
Jul 1, 2022 24.06 Mn
Jul 1, 2022 24.06 Mn
Apr 1, 2022 41.93 Mn
Apr 1, 2022 41.93 Mn
Dec 31, 2021 11.94 Mn
Dec 31, 2021 11.94 Mn
Oct 1, 2021 39.13 Mn
Oct 1, 2021 39.13 Mn
Jul 2, 2021 36.90 Mn
Jul 2, 2021 36.90 Mn
Apr 2, 2021 29.37 Mn
Apr 2, 2021 29.37 Mn