Esab (ESAB) Operating Income (2021 - 2026)
Esab (ESAB) posted quarterly 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% quarter-over-quarter from $106.6 million in Q4 2025.
Esab (ESAB) Operating Income (2021 - 2026) Analysis & Trends
Esab (ESAB) has reported Operating Income for 5 consecutive years, with $86.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income fell 22.27% year-over-year to $86.6 million; the TTM figure through Dec 2025 stood at $412.2 million (down 7.88% YoY), while the FY2025 annual figure was $412.2 million, down 7.88% from the prior year.
- Operating Income eased 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.
- Historically, Operating Income has averaged $95.0 million across 5 years, with a median of $95.9 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Income jumped 31.99% — and 2025, when it declined 22.27%.
- Esab's Operating Income stood at $73.0 million in 2021, then gained by 7.57% to $78.6 million in 2022, then soared by 31.99% to $103.7 million in 2023, then grew by 7.43% to $111.4 million in 2024, then slipped by 22.27% to $86.6 million in 2025.
- Business Quant data shows ESAB's Operating Income at $86.6 million in Q4 2025, $106.6 million in Q4 2025, and $109.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.61 Bn | 27.83 Bn | 309.80 Mn | 220.00 Mn |
| 2 | Carpenter Technology | 24.63 Bn | 24.23 Bn | 268.90 Mn | 206.90 Mn |
| 3 | Mueller Industries | 13.65 Bn | 12.24 Bn | 395.35 Mn | 309.97 Mn |
| 4 | Commercial Metals | 7.39 Bn | 6.83 Bn | 455.14 Mn | -1.84 Bn |
| 5 | Esab | 4.88 Bn | 4.66 Bn | 307.21 Mn | 78.73 Mn |
| 6 | Gpgi | 3.72 Bn | 3.71 Bn | - | -9.40 Mn |
| 7 | Worthington Enterprises | 2.82 Bn | 2.79 Bn | 101.89 Mn | 23.16 Mn |
| 8 | Proto Labs | 1.89 Bn | 1.74 Bn | 69.34 Mn | 11.36 Mn |
| 9 | Ryerson Holding | 1.31 Bn | 1.26 Bn | 355.20 Mn | 34.40 Mn |
| 10 | Insteel Industries | 599.32 Mn | 576.37 Mn | 20.10 Mn | 11.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 78.73 Mn |
| 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 |