Esab (ESAB) Tax Rate (2021 - 2026)
Esab's Tax Rate was 24.33% in Q2 2026, up 3.55 percentage points from 20.77% a year earlier and up 4.12 percentage points from the prior quarter.
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Analysis
Esab (ESAB) Tax Rate (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Esab's Tax Rate was 21.21% through Jul 3, 2026, down 0.53 percentage points year-over-year; for FY2025, it was 21.07%, up 0.19 percentage points from FY2024.
- Tax Rate shows a five-year change of -1.27 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 20.88% in FY2024 (-9.12 pp), 30.00% in FY2023 (+6.96 pp), 23.04% in FY2022 (-2.16 pp) and 25.20% in FY2021 (+2.87 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q3 2023.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of -0.27 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q1 2023 (a gain of 21.42 percentage points); the worst was Q4 2022 (a drop of 36.71 percentage points).
- Per Business Quant data, ESAB's Tax Rate in the three quarters before Q2 2026 was 20.20% (Q1 2026), 19.76% (Q4 2025) and 21.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 24.54% |
| 10 | Esab | 4.35 Bn | 2.77 Bn | 307.21 Mn | 24.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 24.33% |
| Apr 3, 2026 | 20.20% |
| Dec 31, 2025 | 19.76% |
| Oct 3, 2025 | 21.32% |
| Jul 4, 2025 | 20.77% |
| Apr 4, 2025 | 22.02% |
| Dec 31, 2024 | 23.69% |
| Sep 27, 2024 | 20.31% |
| Jun 28, 2024 | 17.31% |
| Mar 29, 2024 | 22.73% |
| Dec 31, 2023 | 23.13% |
| Sep 29, 2023 | 24.56% |
| Jun 30, 2023 | 23.38% |
| Mar 31, 2023 | 52.00% |
| Dec 31, 2022 | 8.40% |
| Sep 30, 2022 | 24.73% |
| Jul 1, 2022 | 25.70% |
| Apr 1, 2022 | 30.58% |
| Dec 31, 2021 | 45.11% |
| Oct 1, 2021 | 22.11% |
API Access
Esab Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=ESAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ESAB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=ESAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();