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
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