What is ESAB's operating margin?

ESAB (ESAB) reported operating margin of 13.5% in Q1 2026.

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

ESAB's operating margin decreased by 17.5% year-over-year, from 16.4% to 13.5%.

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

Over 5 years (2020 to 2025), ESAB's operating margin has grown at a 6.9% compound annual growth rate (CAGR), from 10.4% to 14.5%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

ESAB ESAB Operating margin

Operating margin at other companies

Illinois Tool WorksITW

26.4%+0.5pp

LEC

Lincoln Electric HoldingsLECO

17%+1.2pp

Advanced Energy IndustriesAEIS

10.8%+6.5pp

MSA

Mine Safety Appliances CompanyMSA

20.2%-1.1pp

EnproNPO

13.9%-0.7pp

Applied Industrial TechnologiesAIT

10.9%-0.3pp

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

Net margin7.1%-2.9pp

FCF margin7.5%-3.3pp

Returns & leverage

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Return on equity10.1%-5.2pp

Debt / equity1×+0.4×

Current ratio3×+1.1×

Where this comes from

Calculated from ESAB’s reported figures.

operating income/total revenue=13.5%

Based on trailing twelve months.

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 operating margin?: ESAB (ESAB) reported operating margin of 13.5% in Q1 2026.
How has ESAB's operating margin changed year-over-year?: ESAB's operating margin decreased by 17.5% year-over-year, from 16.4% to 13.5%.
What is the long-term trend for ESAB's operating margin?: Over 5 years (2020 to 2025), ESAB's operating margin has grown at a 6.9% compound annual growth rate (CAGR), from 10.4% to 14.5%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.