Esab (ESAB) Gross Margin (2021 - 2026)
Esab's Gross Margin was 38.04% in Q2 2026, up 0.86 percentage points from 37.18% a year earlier and up 1.14 percentage points from the prior quarter.
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Analysis
Esab (ESAB) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Esab's Gross Margin was 36.96% through Jul 3, 2026, down 0.79 percentage points year-over-year; for FY2025, it was 36.88%, down 0.97 percentage points from FY2024.
- Gross Margin shows a five-year change of +1.88 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 37.85% in FY2024 (+1.25 pp), 36.61% in FY2023 (+2.46 pp), 34.14% in FY2022 (-0.37 pp) and 34.51% in FY2021 (-0.49 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q4 2024.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of -0.14 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 3.16 percentage points); the worst was Q4 2025 (a drop of 2.76 percentage points).
- Per Business Quant data, ESAB's Gross Margin in the three quarters before Q2 2026 was 36.90% (Q1 2026), 35.76% (Q4 2025) and 37.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 44.13% |
| 10 | Esab | 4.10 Bn | 2.52 Bn | 307.21 Mn | 38.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 38.04% |
| Apr 3, 2026 | 36.90% |
| 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% |
API Access
Esab Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ESAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ESAB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ESAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();