Growth Metrics

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% on a QoQ basis from $162.7 million in Q4 2025.

Esab (ESAB) has 5 years of Operating Expenses data on file, last reported at $171.2 million in Q4 2025.

  • Quarterly Operating Expenses rose 16.53% year-over-year to $171.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $636.2 million (up 7.82% YoY) and the FY2025 annual result came in at $636.2 million, up 7.82% from the prior year.
  • Operating Expenses climbed to $171.2 million in Q4 2025 per ESAB's latest filing, from $162.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $171.2 million in Q4 2025 and bottomed at $127.5 million in Q2 2021.
  • The 5-year median for Operating Expenses is $146.4 million (2022), against an average of $146.3 million.
  • The widest annual swing landed in 2024, when Operating Expenses slipped 7.88%; it then gained 16.53% in 2025.
  • Tracing ESAB's Operating Expenses over 5 years: stood at $139.8 million in 2021, then rose by 4.33% to $145.8 million in 2022, then climbed by 3.56% to $151.0 million in 2023, then declined by 2.72% to $146.9 million in 2024, then grew by 16.53% to $171.2 million in 2025.
  • Per Business Quant, the three latest ESAB Operating Expenses figures stand at $171.2 million (Q4 2025), $162.7 million (Q4 2025), and $157.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ati 22.19 Bn 21.90 Bn 262.90 Mn 99.10 Mn
2 Carpenter Technology 21.71 Bn 21.41 Bn 251.80 Mn 65.30 Mn
3 Mueller Industries 14.55 Bn 13.18 Bn 358.44 Mn 83.44 Mn
4 Esab 5.57 Bn 5.43 Bn 257.79 Mn 171.18 Mn
5 Worthington Enterprises 2.71 Bn 2.70 Bn 109.47 Mn 77.93 Mn
6 Proto Labs 1.70 Bn 1.56 Bn 63.59 Mn 53.75 Mn
7 Mayville Engineering Company 520.33 Mn 518.26 Mn 10.96 Mn -
8 Insteel Industries 517.83 Mn 502.74 Mn 16.49 Mn 9.71 Mn
9 Tredegar 271.32 Mn 255.71 Mn 28.99 Mn 180.43 Mn
10 Techprecision 38.93 Mn 38.86 Mn 381,000.00 1.73 Mn

Historic Data

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DateValue
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