Esab (ESAB) Operating Expenses (2021 - 2026)
Esab's (ESAB) quarterly Operating Expenses came in at $228.5 million in Q3 2026, up 45.58% year-over-year from $157.0 million in Q3 2025, and up 23.75% quarter-over-quarter from $184.6 million in Q2 2026.
Analysis
Esab (ESAB) Operating Expenses (2021 - 2026) Analysis & Trends
Esab (ESAB) has reported Operating Expenses for 6 consecutive years, with $228.5 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses rose 45.58% year-over-year to $228.5 million in Q3 2026; TTM through Jul 2026 was $747.0 million, a 25.13% increase from a year earlier, with the FY2025 full-year figure at $636.2 million, up 7.82% from the prior year.
- Operating Expenses was $228.5 million for Q3 2026 at Esab, up from $184.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $228.5 million in Q3 2026 and troughed at $128.3 million in Q3 2022.
- A 5-year average of $156.0 million and a median of $149.8 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses dropped 7.88% in 2024 and jumped 45.58% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $145.8 million in 2022, then grew by 3.56% to $151.0 million in 2023, then fell by 2.72% to $146.9 million in 2024, then increased by 16.53% to $171.2 million in 2025, then surged by 33.48% to $228.5 million in 2026.
- The last three Operating Expenses figures came in at $228.5 million (Q3 2026), $184.6 million (Q2 2026), and $171.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.81 Bn | 18.19 Bn | 635.20 Mn | 370.70 Mn |
| 2 | Lincoln Electric Holdings | 15.07 Bn | 14.83 Bn | 449.00 Mn | 228.35 Mn |
| 3 | Stanley Black & Decker | 14.70 Bn | 14.11 Bn | 1.31 Bn | 3.46 Bn |
| 4 | Esab | 4.66 Bn | 4.49 Bn | 307.21 Mn | 228.49 Mn |
| 5 | Vontier | 4.54 Bn | 4.28 Bn | 365.00 Mn | 202.70 Mn |
| 6 | Brady | 4.26 Bn | 4.07 Bn | 231.13 Mn | 171.02 Mn |
| 7 | Kennametal | 2.36 Bn | 2.31 Bn | 433.56 Mn | 128.29 Mn |
| 8 | Enerpac Tool | 1.91 Bn | 1.79 Bn | 88.78 Mn | 45.82 Mn |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 135.44 Mn |
| 10 | Lakeland Industries | 117.85 Mn | 100.43 Mn | 14.89 Mn | 19.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 228.49 Mn |
| Apr 3, 2026 | 184.63 Mn |
| Dec 31, 2025 | 171.18 Mn |
| Oct 3, 2025 | 162.68 Mn |
| Jul 4, 2025 | 156.95 Mn |
| Apr 4, 2025 | 145.36 Mn |
| Dec 31, 2024 | 146.90 Mn |
| Sep 27, 2024 | 147.78 Mn |
| Jun 28, 2024 | 150.96 Mn |
| Mar 29, 2024 | 144.37 Mn |
| Dec 31, 2023 | 151.01 Mn |
| Sep 29, 2023 | 148.57 Mn |
| Jun 30, 2023 | 155.28 Mn |
| Mar 31, 2023 | 156.73 Mn |
| Dec 31, 2022 | 145.81 Mn |
| Sep 30, 2022 | 128.34 Mn |
| Jul 1, 2022 | 141.59 Mn |
| Apr 1, 2022 | 140.72 Mn |
| Dec 31, 2021 | 139.75 Mn |
| Oct 1, 2021 | 128.33 Mn |