What is ESAB's gross margin?

ESAB (ESAB) reported gross margin of 36.7% in Q1 2026.

How has ESAB's gross margin changed year-over-year?

ESAB's gross margin decreased by 3.4% year-over-year, from 38% to 36.7%.

What is the long-term trend for ESAB's gross margin?

Over 5 years (2020 to 2025), ESAB's gross margin has grown at a 1.1% compound annual growth rate (CAGR), from 35% to 36.9%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

ESAB ESAB Gross margin

Gross margin at other companies

Illinois Tool WorksITW

44.1%+0.4pp

LEC

Lincoln Electric HoldingsLECO

36%-0.4pp

Advanced Energy IndustriesAEIS

38.2%+1.8pp

MSA

Mine Safety Appliances CompanyMSA

46.8%-0.5pp

EnproNPO

42.6%-0.4pp

Applied Industrial TechnologiesAIT

30.4%+0.1pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$46.9M+32.5%

CapEx$13.7M+87.9%

Free cash flow$33.2M+18.1%

Valuation

See full

Market cap$6.47B-16.7%

Enterprise value$7.6B-11.5%

P/E31.2×+2.7×

P/S2.2×-0.6×

Profitability

See full

Operating margin13.5%-2.9pp

Net margin7.1%-2.9pp

FCF margin7.5%-3.3pp

Returns & leverage

See full

Return on equity10.1%-5.2pp

Debt / equity1×+0.4×

Current ratio3×+1.1×

Where this comes from

Calculated from ESAB’s reported figures.

gross profit/total revenue=36.7%

Based on trailing twelve months.

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

Ask your AI about ESAB's gross margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is ESAB's gross margin?: ESAB (ESAB) reported gross margin of 36.7% in Q1 2026.
How has ESAB's gross margin changed year-over-year?: ESAB's gross margin decreased by 3.4% year-over-year, from 38% to 36.7%.
What is the long-term trend for ESAB's gross margin?: Over 5 years (2020 to 2025), ESAB's gross margin has grown at a 1.1% compound annual growth rate (CAGR), from 35% to 36.9%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.