Esab (ESAB) Gross Margin (2021 - 2026)
Esab (ESAB) posted quarterly 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 - 2026) Analysis & Trends
Esab (ESAB) has reported Gross Margin for 5 consecutive years, with 35.76% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin fell 276.0% year-over-year to 35.76%; the TTM figure through Dec 2025 stood at 36.88% (down 97.0% YoY), while the FY2025 annual figure was 36.88%, down 97.0% from the prior year.
- Gross Margin fell to 35.76% in Q4 2025 per ESAB's latest filing, from 37.0% in the prior quarter.
- Across five years, Gross Margin topped out at 38.51% in Q4 2024 and bottomed at 33.75% in Q3 2022.
- Historically, Gross Margin has averaged 36.0% across 5 years, with a median of 36.4% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin soared 316 bps — and 2025, when it slumped 276 bps.
- Esab's Gross Margin stood at 34.09% in 2021, then retreated by 1 bps to 33.79% in 2022, then rose by 9 bps to 36.95% in 2023, then grew by 4 bps to 38.51% in 2024, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 24.57% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 31.60% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 27.69% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | 18.33% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 38.04% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 27.43% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 46.43% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 17.71% |
| 10 | Insteel Industries | 590.85 Mn | 567.91 Mn | 20.10 Mn | 10.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 38.04% |
| 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% |