What is ESAB's debt-to-equity?

ESAB (ESAB) reported debt-to-equity of 1× in Q1 2026.

How has ESAB's debt-to-equity changed year-over-year?

ESAB's debt-to-equity increased by 61.2% year-over-year, from 0.6× to 1×.

What is the long-term trend for ESAB's debt-to-equity?

Over 4 years (2021 to 2025), ESAB's debt-to-equity has grown at a 93.4% compound annual growth rate (CAGR), from 0× to 0.6×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

ESAB ESAB Debt-to-equity

Debt-to-equity at other companies

LEC

Lincoln Electric HoldingsLECO

1×+0.1×

Advanced Energy IndustriesAEIS

0.5×-0.1×

MSA

Mine Safety Appliances CompanyMSA

0.5×0.0×

EnproNPO

0.4×0.0×

Applied Industrial TechnologiesAIT

0.2×-0.1×

MiddlebyMIDD

0.8×+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

Current ratio3×+1.1×

Where this comes from

Calculated from ESAB’s reported figures.

total debt/total stockholders equity=1×

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 debt-to-equity?: ESAB (ESAB) reported debt-to-equity of 1× in Q1 2026.
How has ESAB's debt-to-equity changed year-over-year?: ESAB's debt-to-equity increased by 61.2% year-over-year, from 0.6× to 1×.
What is the long-term trend for ESAB's debt-to-equity?: Over 4 years (2021 to 2025), ESAB's debt-to-equity has grown at a 93.4% compound annual growth rate (CAGR), from 0× to 0.6×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.