Esab (ESAB) Gross Margin (2021 - 2025)

Esab (ESAB) reported Gross Margin of 35.76% for Q4 2025, down 276.0% year-over-year from 20.32% in Q4 2024, and down 3.36% quarter-over-quarter from 37.0% in Q4 2025.

Esab (ESAB) Gross Margin (2021 - 2025) Analysis & Trends

Esab (ESAB) has 5 years of Gross Margin data on file, last reported at 35.76% in Q4 2025.

  • Gross Margin for Q4 2025 came in at 35.76%, down 276.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 36.88% (down 97.0% YoY), and the FY2025 annual result was 36.88%, down 97.0% from the prior year.
  • Gross Margin slipped to 35.76% in Q4 2025 per ESAB's latest filing, from 37.0% in the prior quarter.
  • Over five years, Gross Margin peaked at 38.51% in Q4 2024 and troughed at 33.75% in Q3 2022.
  • A 5-year average of 36.0% and a median of 36.4% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin soared 316 bps in 2023, then slumped 276 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 34.09% in 2021, then fell by 1 bps to 33.79% in 2022, then increased by 9 bps to 36.95% in 2023, then climbed by 4 bps to 38.51% in 2024, then slipped by 7 bps to 35.76% in 2025.
  • Business Quant data shows ESAB's Gross Margin at 35.76% in Q4 2025, 37.0% in Q4 2025, and 37.18% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Carpenter Technology 29.34 Bn 29.04 Bn 251.80 Mn 31.03%
2 Ati 27.51 Bn 27.23 Bn 262.90 Mn 22.83%
3 Mueller Industries 14.99 Bn 13.61 Bn 358.44 Mn 30.05%
4 Commercial Metals 8.04 Bn 7.54 Bn 387.91 Mn 18.19%
5 Esab 6.48 Bn 6.34 Bn 257.79 Mn 35.76%
6 Gpgi 3.86 Bn 3.85 Bn - -
7 Worthington Enterprises 2.96 Bn 2.95 Bn 109.47 Mn 28.91%
8 Proto Labs 1.93 Bn 1.79 Bn 63.59 Mn 45.64%
9 Ryerson Holding 1.17 Bn 1.15 Bn 288.80 Mn 18.44%
10 Mayville Engineering Company 727.03 Mn 724.96 Mn 10.96 Mn 7.57%

Historic Data

Download Data
DateValue
Dec 31, 2025 35.76%
Oct 3, 2025 37.00%
Jul 4, 2025 37.18%
Apr 4, 2025 37.63%
Dec 31, 2024 38.51%
Sep 27, 2024 37.70%
Jun 28, 2024 38.23%
Mar 29, 2024 36.97%
Dec 31, 2023 36.95%
Sep 29, 2023 36.67%
Jun 30, 2023 36.63%
Mar 31, 2023 36.17%
Dec 31, 2022 33.79%
Sep 30, 2022 33.75%
Jul 1, 2022 34.40%
Apr 1, 2022 34.62%
Dec 31, 2021 34.09%
Oct 1, 2021 34.16%
Jul 2, 2021 34.68%
Apr 2, 2021 35.17%