# ESAB share price today (ESAB Corporation, ESAB)

> ESAB Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ESAB · Industrials · Metal Fabrication · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/esab

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $76.05 (−34.9% in a year)
- P/E: 27.6× (higher than 65% of the last 4.6 years)
- Revenue (Jul 2026): $808 M (+12.9% on a year ago)
- Profit (Jul 2026): $34.0 M (−50.1% on a year ago)
- Operating margin: 12.0% (−3.4 points on a year ago)
- ROE: 11%, FY25
- ROIC: 8.4%, against a 7.9% cost of capital: +0.5 points

Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. ## What is the ESAB share price today? ESAB Corporation's share price was $76.05 at the close on 3 November 2026. It has been falling for 36 weeks. That is 18.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $65 and $135, and at that close it sat 16% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 36 weeks running. Over the last 4.6 years the share price moved +62% while the S&P 500 moved +69%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 27 February 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does ESAB pay? ESAB Corporation paid $0.42 per share over the last four reported quarters. The most recent declaration was $0.12 for Jul 2026. At today's price of $76.05 that is a yield of 0.55%, based on dividends already paid, not a forecast. ## Which stock lists is ESAB on? ESAB is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is ESAB profitable? ESAB Corporation earned $34.0 M of net profit in the Jul 2026 quarter, −50.1% on the same quarter a year earlier. Full-year FY25 profit was $233 M. Over 4 years profit has grown −0.6% a year on average. That is 4.2% of the quarter's revenue. The same quarter a year earlier earned $68.1 M. For the full year, FY25 profit was $233 M (−13.9% on the year before). Why profit moved: revenue changed +12.9% on a year earlier and the margin moved −3.4 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −32.0% and revenue +9.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does ESAB make, and is it growing? ESAB Corporation reported $808 M of revenue in the Jul 2026 quarter, +12.9% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 4.0% a year on average. The last full year, FY25, came in at $2.8 B. The last four reported quarters add to $3.0 B. FY25 revenue was $2.8 B, +3.7% on the year before. Recent pace: the last four quarters grew +9.6% on average, against 4.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.7%, against +4.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −32.0%, against −16.6% a year (rolling over). ## How much of every $100 of sales does ESAB keep? ESAB Corporation's operating margin was 12.0% in the Jul 2026 quarter, 3.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 13.6% and 17.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −3.4 percentage points on the year while gross margin changed +0.8 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is ESAB's profit turning into cash? Over the last 3 years, 132% of ESAB Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $261 M of operating cash against $233 M of profit. After $47.3 M of spending on assets, $213 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does ESAB's cash go? ESAB Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $147 M on assets over the last 3 years. Averaged over those years that is 1.7% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $147 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is ESAB's P/E ratio, and how does it compare with its own history? ESAB Corporation's P/E is 27.6×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 25.6×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −14.8% while the price moved −34.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +0.4% a year; about −7.7% a year came from earnings growth and about +8.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the ESAB business getting better or worse? ESAB Corporation's business is getting worse. Profit and EPS growth are shrinking: profit growth is −32.0% in the latest quarter, against +28.3% at its best in 12 quarters, with ROCE falling at 9.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does ESAB earn on its capital? ESAB Corporation earned a ROE of 11% in FY25. That is up from a low of 10% in FY21. Its return on capital used (ROIC) is 0.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 8.2% net margin and 0.60× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 8.2% net margin × 0.60× asset turnover × 2.16× leverage (assets divided by equity) ≈ 10.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.4% − 7.9% = +0.5 percentage points. The 7.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 8.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 12.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does ESAB have too much debt? ESAB Corporation has total debt of $2.5 B against shareholder equity of $2.6 B as of Jul 2026, so its debt is 0.98× its equity. Year by year, that ratio went from 0.04 in FY21 to 0.61 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the ESAB shareholding pattern? 8.1% of ESAB Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is ESAB from balance-sheet trouble? For ESAB Corporation, the Z-score is 2.02. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.02 is in the grey area, neither clearly safe nor clearly in trouble. ## How does ESAB rank in its industry? 42.3 out of 100, rank 11 of 14 in Metal Fabrication, with 53% of the evidence available. ESAB Corporation scores 42.3 out of 100 against the 14 companies it is compared with in Metal Fabrication, ranking 11. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 14.6 + 11.8 + 9.3 + 6.6 = 42.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is ESAB compared with? ESAB ranks 11 of 14 Metal Fabrication companies on the 4-Factor Sector Score, with 42.3 out of 100. 1. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) WOR · breaking out · Evidence leans up · 81% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 18.3% · Profit 53.8% · Operating margin change -0.6 points · 83% evidence Capital efficiency 8.0/25 · ROCE 5.6% · Operating margin 4% · 76% evidence Valuation 14.9/20 · P/E 17.2× · PEG 0.31 · 65% evidence Relative strength 18.8/20 · Lead over its industry 16.7% · Lead over S&P 500 8.3% · 1 year 16.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 20.7 + 8 + 14.9 + 18.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ryerson Holding Corporation](https://www.sectoralpha.in/us/stocks/ryz) RYZ · turning · Too little evidence to rank firmly · 51% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 31.6% · Profit n/a · Operating margin change 0.8 points · 40% evidence Capital efficiency 6.3/25 · ROCE 1.1% · Operating margin 1.9% · 57% evidence Valuation 11.5/20 · P/E -39.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 25.7% · Lead over S&P 500 16.2% · 1 year 56.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.8 + 6.3 + 11.5 + 20 = 57.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) CMC · quiet · Evidence leans up · 71% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 20.4% · Profit 100% · Operating margin change -1.3 points · 83% evidence Capital efficiency 12.3/25 · ROCE 10.1% · Operating margin 8.8% · 76% evidence Valuation 10.7/20 · P/E 11.4× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.4% · Lead over S&P 500 -7.9% · 1 year 12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 12.3 + 10.7 + 11 = 56.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Carpenter Technology Corporation](https://www.sectoralpha.in/us/stocks/crs) CRS · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 10.2% · Profit 37.4% · Operating margin change 4 points · 83% evidence Capital efficiency 19.8/25 · ROCE 22.6% · Operating margin 24.7% · 76% evidence Valuation 12.6/20 · P/E 33.8× · PEG 0.87 · 65% evidence Relative strength 0.0/20 · Lead over its industry -25.8% · Lead over S&P 500 -31.9% · 1 year -9.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.8 + 19.8 + 12.6 + 0 = 56.2 · What this means: Earnings are strong; relative strength in its sector is -25.8% and the one-year return is -9.5%. 5. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) MLI · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 20.8% · Profit 15.3% · Operating margin change -4.7 points · 83% evidence Capital efficiency 21.5/25 · ROCE 28.3% · Operating margin 19.5% · 76% evidence Valuation 12.5/20 · P/E 15.5× · PEG 0.94 · 65% evidence Relative strength 6.0/20 · Lead over its industry -6.2% · Lead over S&P 500 -13.3% · 1 year 3.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 21.5 + 12.5 + 6 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Proto Labs, Inc.](https://www.sectoralpha.in/us/stocks/prlb) PRLB · losing its lead · Evidence leans up · 66% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.8% · Profit 100% · Operating margin change 5.1 points · 53% evidence Capital efficiency 9.9/25 · ROCE 5.7% · Operating margin 8.9% · 57% evidence Valuation 7.8/20 · P/E 63.6× · PEG 1.59 · 65% evidence Relative strength 11.0/20 · Lead over its industry 3.9% · Lead over S&P 500 -4% · 1 year 41% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.3 + 9.9 + 7.8 + 11 = 51 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Tredegar Corporation](https://www.sectoralpha.in/us/stocks/tg) TG · quiet · Too little evidence to rank firmly · 51% evidence 50.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 21.4% · Profit n/a · Operating margin change 1.4 points · 40% evidence Capital efficiency 11.6/25 · ROCE 14.1% · Operating margin 4% · 57% evidence Valuation 11.0/20 · P/E 8.2× · PEG n/a · 15% evidence Relative strength 6.7/20 · Lead over its industry -7.4% · Lead over S&P 500 -14.4% · 1 year 4.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 11.6 + 11 + 6.7 = 50.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [ATI Inc.](https://www.sectoralpha.in/us/stocks/ati) ATI · quiet · Evidence leans up · 66% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Revenue 4.6% · Profit 13.9% · Operating margin change 3.8 points · 53% evidence Capital efficiency 16.0/25 · ROCE 17.5% · Operating margin 18.2% · 57% evidence Valuation 3.8/20 · P/E 56.6× · PEG 3.15 · 65% evidence Relative strength 13.1/20 · Lead over its industry 16.4% · Lead over S&P 500 7.2% · 1 year 84.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.5 + 16 + 3.8 + 13.1 = 50.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Insteel Industries Inc.](https://www.sectoralpha.in/us/stocks/iiin) IIIN · quiet · Too little evidence to rank firmly · 58% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.2/35 · Revenue n/a · Profit n/a · Operating margin change -0.7 points · 45% evidence Capital efficiency 11.3/25 · ROCE 9.5% · Operating margin 5.1% · 76% evidence Valuation 9.6/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 9.4/20 · Lead over its industry -5.6% · Lead over S&P 500 -12.6% · 1 year -8.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.2 + 11.3 + 9.6 + 9.4 = 44.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. Ampco-Pittsburgh Corporation AP · losing its lead · Too little evidence to rank firmly · 51% evidence 43.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 3.4% · Profit n/a · Operating margin change 3.2 points · 40% evidence Capital efficiency 7.2/25 · ROCE 4.3% · Operating margin 6.4% · 57% evidence Valuation 11.2/20 · P/E -3× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry 2% · Lead over S&P 500 -6.8% · 1 year 307.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.2 + 7.2 + 11.2 + 8.4 = 43 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. ESAB Corporation this page ESAB · basing · Too little evidence to rank firmly · 53% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.6/35 · Revenue n/a · Profit n/a · Operating margin change -3.4 points · 32% evidence Capital efficiency 11.8/25 · ROCE 7.4% · Operating margin 12% · 76% evidence Valuation 9.3/20 · P/E 33.6× · PEG n/a · 15% evidence Relative strength 6.6/20 · Lead over its industry -19.8% · Lead over S&P 500 -25.9% · 1 year -33.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.6 + 11.8 + 9.3 + 6.6 = 42.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 12. [Mayville Engineering Company, Inc.](https://www.sectoralpha.in/us/stocks/mec) MEC · basing · Too little evidence to rank firmly · 51% evidence 32.8 out of 100 Growth Capital Valuation Relative
13. Xinxu Copper Industry Technology Limited XXC · Too little evidence to rank firmly · 11% evidence 54.3 out of 100 Growth Capital Valuation Relative
14. Nintech Mould Factory Inc. NTMJ · Too little evidence to rank firmly · 11% evidence 50.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Dec 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Metal Fabrication](https://www.sectoralpha.in/us/sectors/metal-fabrication), all 14 compared on one page. ## Which companies are close to ESAB in size? ESAB is the 5th largest of 12 Metal Fabrication companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Carpenter Technology Corporation, Mueller Industries, Inc. and Commercial Metals Company. Just below it: GPGI, Inc., Worthington Enterprises, Inc. and Ryerson Holding Corporation. ### Metal Fabrication companies close in size

1. [Carpenter Technology Corporation](https://www.sectoralpha.in/us/stocks/crs) $14.7 billion
2. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) $12.1 billion
3. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) $7.3 billion
4. ESAB Corporation $4.7 billion
5. [GPGI, Inc.](https://www.sectoralpha.in/us/stocks/gpgi) $3.4 billion
6. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) $3.1 billion
7. [Ryerson Holding Corporation](https://www.sectoralpha.in/us/stocks/ryz) $1.7 billion

[All 12 Metal Fabrication companies, largest first](https://www.sectoralpha.in/us/sectors/metal-fabrication#all-companies)

### Companies close in size in other industries

1. [Joby Aviation, Inc.](https://www.sectoralpha.in/us/stocks/joby) $4.8 billion · Airports & Air Services
2. [Option Care Health, Inc.](https://www.sectoralpha.in/us/stocks/opch) $4.7 billion · Medical Care Facilities
3. ESAB Corporation $4.7 billion
4. [HeartFlow, Inc.](https://www.sectoralpha.in/us/stocks/htfl) $4.7 billion · Health Information Services
5. [Laureate Education, Inc.](https://www.sectoralpha.in/us/stocks/laur) $4.7 billion · Education & Training Services

## What else do people ask about ESAB? ### What were ESAB's latest quarterly results? ESAB Corporation reported revenue of $808 M and net profit of $34.0 M for the Jul 2026 quarter. Revenue rose 12.9% and profit fell 50.1% compared with a year earlier. Earnings per share were $0.50. The operating margin was 12.0%, 3.4 percentage points lower than a year earlier (as of 3 November 2026). ### What is ESAB's market cap? ESAB Corporation's market capitalisation is $4.7 B at a stock price of $76.05. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is ESAB performing? ESAB Corporation's share price has been falling for 36 weeks. In its latest quarter, revenue rose 12.9% and profit fell 50.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 36 weeks running (as of 3 November 2026). ### Will ESAB's stock price go up? This page does not forecast ESAB Corporation's stock price. What it shows instead: the stock price is $76.05, and it has been falling for 36 weeks. Its P/E of 27.6× is higher than 65% of its own last 5 years (as of 3 November 2026). ### Where is ESAB in its business cycle? ESAB Corporation's FY25 operating margin was 16.4%, against a 5-year range of 13.6% to 17.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the ESAB story? Biggest thing to watch: the P/E is higher than 65% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is ESAB a stock worth studying right now? What the numbers show: ESAB Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.