What is ESAB's net debt?

ESAB (ESAB) reported net debt of $1.14B in Q1 2026.

How has ESAB's net debt changed year-over-year?

ESAB's net debt increased by 31.1% year-over-year, from $866.24M to $1.14B.

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

Over 4 years (2021 to 2025), ESAB's net debt has grown at a 103.2% compound annual growth rate (CAGR), from $68.04M to $1.16B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ESAB ESAB Net debt

Discontinued — last reported Q1 '26

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LAD

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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−$1.0Bcash and equivalents=$1.14B

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 net debt?: ESAB (ESAB) reported net debt of $1.14B in Q1 2026.
How has ESAB's net debt changed year-over-year?: ESAB's net debt increased by 31.1% year-over-year, from $866.24M to $1.14B.
What is the long-term trend for ESAB's net debt?: Over 4 years (2021 to 2025), ESAB's net debt has grown at a 103.2% compound annual growth rate (CAGR), from $68.04M to $1.16B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.