Growth Metrics

Esab (ESAB) Other Working Capital Changes (2021 - 2025)

Esab (ESAB) reported Other Working Capital Changes of -$5.1 million for Q4 2025, down 222.17% year-over-year from $4.2 million in Q4 2024, and up 80.68% on a QoQ basis from -$26.6 million in Q4 2025.

Esab (ESAB) has 5 years of Other Working Capital Changes data on file, last reported at -$5.1 million in Q4 2025.

  • Quarterly Other Working Capital Changes fell 222.17% year-over-year to -$5.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.6 million (down 120.32% YoY) and the FY2025 annual result came in at -$3.6 million, down 120.32% from the prior year.
  • Other Working Capital Changes improved to -$5.1 million in Q4 2025 per ESAB's latest filing, from -$26.6 million in the prior quarter.
  • Across five years, Other Working Capital Changes topped out at $32.1 million in Q3 2022 and bottomed at -$34.2 million in Q4 2023.
  • The 5-year median for Other Working Capital Changes is -$4.3 million (2022), against an average of -$2.5 million.
  • The widest annual swing landed in 2022, when Other Working Capital Changes soared 496.39%; it then tumbled 893.34% in 2023.
  • Tracing ESAB's Other Working Capital Changes over 5 years: stood at -$7.9 million in 2021, then surged by 56.6% to -$3.4 million in 2022, then plunged by 893.34% to -$34.2 million in 2023, then jumped by 112.29% to $4.2 million in 2024, then plunged by 222.17% to -$5.1 million in 2025.
  • Per Business Quant, the three latest ESAB Other Working Capital Changes figures stand at -$5.1 million (Q4 2025), -$26.6 million (Q4 2025), and $24.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ati 22.19 Bn 21.90 Bn 262.90 Mn
2 Carpenter Technology 21.71 Bn 21.41 Bn 251.80 Mn
3 Mueller Industries 14.55 Bn 13.18 Bn 358.44 Mn
4 Esab 5.57 Bn 5.43 Bn 257.79 Mn
5 Worthington Enterprises 2.71 Bn 2.70 Bn 109.47 Mn
6 Proto Labs 1.70 Bn 1.56 Bn 63.59 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 Tredegar 271.32 Mn 255.71 Mn 28.99 Mn
10 Techprecision 38.93 Mn 38.86 Mn 381,000.00

Historic Data

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DateValue
Dec 31, 2025 -5.13 Mn
Dec 31, 2025 -5.13 Mn
Oct 3, 2025 -26.56 Mn
Oct 3, 2025 -26.56 Mn
Jul 4, 2025 24.60 Mn
Jul 4, 2025 24.60 Mn
Apr 4, 2025 3.45 Mn
Apr 4, 2025 3.45 Mn
Dec 31, 2024 4.20 Mn
Dec 31, 2024 4.20 Mn
Sep 27, 2024 -17.97 Mn
Sep 27, 2024 -17.97 Mn
Jun 28, 2024 10.21 Mn
Jun 28, 2024 10.21 Mn
Mar 29, 2024 21.44 Mn
Mar 29, 2024 21.44 Mn
Dec 31, 2023 -34.18 Mn
Dec 31, 2023 -34.18 Mn
Sep 29, 2023 -25.71 Mn
Sep 29, 2023 -25.71 Mn
Jun 30, 2023 -10.50 Mn
Jun 30, 2023 -10.50 Mn
Mar 31, 2023 8.42 Mn
Mar 31, 2023 8.42 Mn
Dec 31, 2022 -3.44 Mn
Dec 31, 2022 -3.44 Mn
Sep 30, 2022 -12.84 Mn
Sep 30, 2022 -12.84 Mn
Jul 1, 2022 32.05 Mn
Jul 1, 2022 32.05 Mn
Apr 1, 2022 2.46 Mn
Apr 1, 2022 2.46 Mn
Dec 31, 2021 -7.93 Mn
Dec 31, 2021 -7.93 Mn
Oct 1, 2021 -10.64 Mn
Oct 1, 2021 -10.64 Mn
Jul 2, 2021 -8.09 Mn
Jul 2, 2021 -8.09 Mn
Apr 2, 2021 6.21 Mn
Apr 2, 2021 6.21 Mn