Esab (ESAB) Operating Expenses (2021 - 2025)
Esab (ESAB) reported Operating Expenses of $171.2 million for Q4 2025, up 16.53% year-over-year from $146.9 million in Q4 2024, and up 5.22% quarter-over-quarter from $162.7 million in Q4 2025.
Esab (ESAB) Operating Expenses (2021 - 2025) Analysis & Trends
Esab (ESAB) has 5 years of Operating Expenses data on file, last reported at $171.2 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $171.2 million, up 16.53% year-over-year; the trailing twelve-month figure through Dec 2025 was $636.2 million (up 7.82% YoY), and the FY2025 annual result was $636.2 million, up 7.82% from the prior year.
- Operating Expenses advanced to $171.2 million in Q4 2025 per ESAB's latest filing, from $162.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $171.2 million in Q4 2025 and troughed at $127.5 million in Q2 2021.
- A 5-year average of $146.3 million and a median of $146.4 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses declined 7.88% in 2024, then climbed 16.53% in 2025.
- A 5-year view of Operating Expenses shows it stood at $139.8 million in 2021, then advanced by 4.33% to $145.8 million in 2022, then increased by 3.56% to $151.0 million in 2023, then retreated by 2.72% to $146.9 million in 2024, then rose by 16.53% to $171.2 million in 2025.
- Business Quant data shows ESAB's Operating Expenses at $171.2 million in Q4 2025, $162.7 million in Q4 2025, and $157.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 65.30 Mn |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 99.10 Mn |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 83.44 Mn |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 2.02 Bn |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | 171.18 Mn |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | 55.60 Mn |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 77.93 Mn |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 53.75 Mn |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 265.20 Mn |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 2, 2021 | 136.19 Mn |
| Apr 2, 2021 | 127.49 Mn |