What is ESAB's current ratio?

ESAB (ESAB) reported current ratio of 3× in Q1 2026.

How has ESAB's current ratio changed year-over-year?

ESAB's current ratio increased by 55.3% year-over-year, from 1.9× to 3×.

What is the long-term trend for ESAB's current ratio?

Over 4 years (2021 to 2025), ESAB's current ratio has grown at a 4.1% compound annual growth rate (CAGR), from 1.6× to 1.9×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

ESAB ESAB Current ratio

Current ratio at other companies

Illinois Tool WorksITW

1.2×-0.4×

LEC

Lincoln Electric HoldingsLECO

1.8×0.0×

Advanced Energy IndustriesAEIS

1.6×-2.8×

MSA

Mine Safety Appliances CompanyMSA

3.2×+0.2×

EnproNPO

2.2×-0.7×

Applied Industrial TechnologiesAIT

2.9×-0.6×

Other financials

Income statement

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Revenue$745.6M+9.9%

Gross profit$275.1M+7.8%

Operating income$90.5M-17.6%

Net income$47.6M-29.3%

EPS (diluted)$0.78-29.1%

Balance sheet

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Cash & equivalents$1.0B+245%

Total debt$2.1B+84.9%

Total equity$2.2B+14.7%

Total assets$5.6B+33.4%

Cash flow

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Operating cash flow$46.9M+32.5%

CapEx$13.7M+87.9%

Free cash flow$33.2M+18.1%

Valuation

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Market cap$6.47B-16.7%

Enterprise value$7.6B-11.5%

P/E31.2×+2.7×

P/S2.2×-0.6×

Profitability

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Gross margin36.7%-1.3pp

Operating margin13.5%-2.9pp

Net margin7.1%-2.9pp

FCF margin7.5%-3.3pp

Returns & leverage

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Return on equity10.1%-5.2pp

Debt / equity1×+0.4×

Where this comes from

Calculated from ESAB’s reported figures.

total current assets/total current liabilities=3×

Based on the most recent quarter.

The official record: ESAB’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ESAB's current ratio?: ESAB (ESAB) reported current ratio of 3× in Q1 2026.
How has ESAB's current ratio changed year-over-year?: ESAB's current ratio increased by 55.3% year-over-year, from 1.9× to 3×.
What is the long-term trend for ESAB's current ratio?: Over 4 years (2021 to 2025), ESAB's current ratio has grown at a 4.1% compound annual growth rate (CAGR), from 1.6× to 1.9×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.