Esab (ESAB) Operating Margin (2021 - 2026)
Esab (ESAB) posted quarterly Operating Margin of 12.01% for Q4 2025, down 460.0% year-over-year from 3.34% in Q4 2024, and down 17.99% quarter-over-quarter from 14.65% in Q4 2025.
Esab (ESAB) Operating Margin (2021 - 2026) Analysis & Trends
Esab (ESAB) has reported Operating Margin for 5 consecutive years, with 12.01% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 460.0% year-over-year to 12.01%; the TTM figure through Dec 2025 stood at 14.5% (down 183.0% YoY), while the FY2025 annual figure was 14.5%, down 183.0% from the prior year.
- Operating Margin retreated to 12.01% in Q4 2025 per ESAB's latest filing, from 14.65% in the prior quarter.
- Across five years, Operating Margin topped out at 16.88% in Q2 2024 and bottomed at 11.7% in Q4 2021.
- Historically, Operating Margin has averaged 14.14% across 5 years, with a median of 13.95% in 2023.
- Annual changes were most pronounced in 2023 — Operating Margin jumped 321 bps — and 2025, when it slumped 460 bps.
- Esab's Operating Margin stood at 11.7% in 2021, then gained by 1 bps to 11.83% in 2022, then advanced by 27 bps to 15.05% in 2023, then climbed by 10 bps to 16.61% in 2024, then decreased by 28 bps to 12.01% in 2025.
- Business Quant data shows ESAB's Operating Margin at 12.01% in Q4 2025, 14.65% in Q4 2025, and 15.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 17.45% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 24.31% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 21.71% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | -74.07% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 9.75% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 6.23% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 7.61% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 1.71% |
| 10 | Insteel Industries | 590.85 Mn | 567.91 Mn | 20.10 Mn | 5.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 9.75% |
| Dec 31, 2025 | 12.01% |
| Oct 3, 2025 | 14.65% |
| Jul 4, 2025 | 15.25% |
| Apr 4, 2025 | 16.20% |
| Dec 31, 2024 | 16.61% |
| Sep 27, 2024 | 15.75% |
| Jun 28, 2024 | 16.88% |
| Mar 29, 2024 | 16.04% |
| Dec 31, 2023 | 15.05% |
| Sep 29, 2023 | 14.85% |
| Jun 30, 2023 | 15.08% |
| Mar 31, 2023 | 13.25% |
| Dec 31, 2022 | 11.83% |
| Sep 30, 2022 | 13.06% |
| Jul 1, 2022 | 12.99% |
| Apr 1, 2022 | 12.91% |
| Dec 31, 2021 | 11.70% |
| Oct 1, 2021 | 12.98% |
| Jul 2, 2021 | 13.05% |