Growth Metrics

Esab (ESAB) Operating Income (2021 - 2025)

Esab (ESAB) reported Operating Income of $86.6 million for Q4 2025, down 22.27% year-over-year from $111.4 million in Q4 2024, and down 18.76% on a QoQ basis from $106.6 million in Q4 2025.

Esab (ESAB) has 5 years of Operating Income data on file, last reported at $86.6 million in Q4 2025.

  • Quarterly Operating Income fell 22.27% year-over-year to $86.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $412.2 million (down 7.88% YoY) and the FY2025 annual result came in at $412.2 million, down 7.88% from the prior year.
  • Operating Income retreated to $86.6 million in Q4 2025 per ESAB's latest filing, from $106.6 million in the prior quarter.
  • Across five years, Operating Income topped out at $119.4 million in Q2 2024 and bottomed at $72.3 million in Q2 2021.
  • The 5-year median for Operating Income is $95.9 million (2023), against an average of $95.0 million.
  • The widest annual swing landed in 2023, when Operating Income surged 31.99%; it then slipped 22.27% in 2025.
  • Tracing ESAB's Operating Income over 5 years: stood at $73.0 million in 2021, then grew by 7.57% to $78.6 million in 2022, then soared by 31.99% to $103.7 million in 2023, then gained by 7.43% to $111.4 million in 2024, then fell by 22.27% to $86.6 million in 2025.
  • Per Business Quant, the three latest ESAB Operating Income figures stand at $86.6 million (Q4 2025), $106.6 million (Q4 2025), and $109.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Ati 22.19 Bn 21.90 Bn 262.90 Mn 163.80 Mn
2 Carpenter Technology 21.71 Bn 21.41 Bn 251.80 Mn 186.50 Mn
3 Mueller Industries 14.55 Bn 13.18 Bn 358.44 Mn 312.23 Mn
4 Esab 5.57 Bn 5.43 Bn 257.79 Mn 86.61 Mn
5 Worthington Enterprises 2.71 Bn 2.70 Bn 109.47 Mn 31.54 Mn
6 Proto Labs 1.70 Bn 1.56 Bn 63.59 Mn 9.84 Mn
7 Mayville Engineering Company 520.33 Mn 518.26 Mn 10.96 Mn -7.69 Mn
8 Insteel Industries 517.83 Mn 502.74 Mn 16.49 Mn 6.78 Mn
9 Tredegar 271.32 Mn 255.71 Mn 28.99 Mn -151.44 Mn
10 Techprecision 38.93 Mn 38.86 Mn 381,000.00 -1.35 Mn

Historic Data

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DateValue
Dec 31, 2025 86.61 Mn
Oct 3, 2025 106.62 Mn
Jul 4, 2025 109.09 Mn
Apr 4, 2025 109.85 Mn
Dec 31, 2024 111.43 Mn
Sep 27, 2024 106.02 Mn
Jun 28, 2024 119.36 Mn
Mar 29, 2024 110.65 Mn
Dec 31, 2023 103.72 Mn
Sep 29, 2023 101.15 Mn
Jun 30, 2023 108.64 Mn
Mar 31, 2023 90.66 Mn
Dec 31, 2022 78.58 Mn
Sep 30, 2022 80.99 Mn
Jul 1, 2022 85.88 Mn
Apr 1, 2022 83.61 Mn
Dec 31, 2021 73.05 Mn
Oct 1, 2021 78.66 Mn
Jul 2, 2021 82.20 Mn
Apr 2, 2021 72.30 Mn