What is ESAB's work in process?

ESAB (ESAB) reported work in process of $46.64M in Q1 2026.

How has ESAB's work in process changed year-over-year?

ESAB's work in process decreased by 4.7% year-over-year, from $48.93M to $46.64M.

What is the long-term trend for ESAB's work in process?

Over 4 years (2021 to 2025), ESAB's work in process has grown at a 0.3% compound annual growth rate (CAGR), from $39.6M to $40.03M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

ESAB ESAB Work in process

Work in process at other companies

MSA

Mine Safety Appliances CompanyMSA

——

EnproNPO

——

MiddlebyMIDD

——

FlowserveFLS

——

Element SolutionsESI

——

DoverDOV

——

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

Gross margin36.7%-1.3pp

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

Reported directly by ESAB in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

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

Ask your AI about ESAB's work in process.

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

Connect your AI

Claude

Questions, answered.

What is ESAB's work in process?: ESAB (ESAB) reported work in process of $46.64M in Q1 2026.
How has ESAB's work in process changed year-over-year?: ESAB's work in process decreased by 4.7% year-over-year, from $48.93M to $46.64M.
What is the long-term trend for ESAB's work in process?: Over 4 years (2021 to 2025), ESAB's work in process has grown at a 0.3% compound annual growth rate (CAGR), from $39.6M to $40.03M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.