What is ESAB's invested capital?

ESAB (ESAB) reported invested capital of $3.33B in Q1 2026.

How has ESAB's invested capital changed year-over-year?

ESAB's invested capital increased by 19.8% year-over-year, from $2.78B to $3.33B.

What is the long-term trend for ESAB's invested capital?

Over 4 years (2021 to 2025), ESAB's invested capital has grown at a 7.1% compound annual growth rate (CAGR), from $2.53B to $3.33B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

ESAB ESAB Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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10.9%-2.4pp

Granite ConstructionGVA

12.2%+0.9pp

Conagra BrandsCAG

13.6%+4.8pp

SSR MiningSSRM

18.7%—

MSA

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17.4%-1.9pp

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

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.

$2.1Btotal debt+$2.2Btotal stockholders equity−$1.0Bcash and equivalents=$3.33B

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 invested capital?: ESAB (ESAB) reported invested capital of $3.33B in Q1 2026.
How has ESAB's invested capital changed year-over-year?: ESAB's invested capital increased by 19.8% year-over-year, from $2.78B to $3.33B.
What is the long-term trend for ESAB's invested capital?: Over 4 years (2021 to 2025), ESAB's invested capital has grown at a 7.1% compound annual growth rate (CAGR), from $2.53B to $3.33B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).