ESAB Corp logo

ESAB Corp(ESAB)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$71.91
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ESAB

09/25/2026: ESAB (1-star) is currently NOT-A-BUY. Pass it for now.

ESAB Corp is a prominent global manufacturer of welding, cutting, and gas control solutions, operating as a pure-play industrial firm. The company benefits from a strong brand and a recurring revenue base derived from its high-volume consumables business. Its core investment story centers on driving productivity through industrial automation and expanding into high-margin digital service offerings. Investors should monitor cyclical risks associated with heavy industry spending, alongside potential pricing pressure from regional competitors. The stock may appeal to investors looking for steady industrial exposure with a focus on long-term operational efficiency and strategic, growth-oriented capital allocation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitESAB provides steady industrial growth but is not a hyper-growth technology firm.
Momentum investorStrong fit while signal remains positiveStrong industrial trends can create sustained price momentum.
Value investorMixed fitThe valuation often reflects the company's status as a high-quality industrial player.
Dividend investorMixed fitThe company offers reliable dividends but prioritizes reinvestment for growth.
Low-risk investorStrong fitThe business benefits from stable, recurring revenue streams from consumables.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumIndustrial cycles can cause share price fluctuations.
Valuation riskMediumMarket sentiment toward industrials impacts the stock multiple.
Competition risk (Industrial Peers)Medium / highConstant innovation pressure from firms like LECO and ITW.
Business qualityStrongHigh brand equity and established customer relationships provide a moat.
Dividend incomeLowYield is not the primary driver of total returns.
Execution riskMediumSuccessful integration of acquisitions is key to long-term performance.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -23.29%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ESAB receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
ESAB has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 7.5%) is partially offset by negative earnings growth (-14.4%), moderate revenue growth (+3.7%), soft profitability (net margin 8.0%).

Financial Health Rating

★★★★★
ESAB's financial health is supported by solid cash strength, including free-cash-flow generation (7.5% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ESAB's strongest growth driver at +3.7% FY2025 versus FY2024 (moderate, 3 stars). By comparison, while earnings growth (-14.4%, negative) and free-cash-flow growth (-29.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 107.6% and approximately 93.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.49% supports management-shareholder alignment.

Top 5 Institutional Investors

T. Rowe Price Investment Management,Inc. 13.12%
T. Rowe Price Associates, Inc. 10.71%
BlackRock Inc 8.34%
Vanguard Capital Management, LLC 4.17%
Vanguard Portfolio Management, LLC 4.00%

Unit Economics (Per $1K Revenue)

★★★★★
ESAB generates approximately $355 of gross profit, $173 of operating income, and $75 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 21.07%

Quantitative Style Profile

★★★★★
ESAB has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.22B USD
Price to earnings Ratio 21.28
1Y Target Price 126.91
Price to earnings Ratio 21.28
1Y Target Price 126.91
Volume (30-day avg) 906.4K shares
Beta 1.13
52 Weeks Range 64.83 - 137.11
Updated Date 09/25/2026
52 Weeks Range 64.83 - 137.11
Updated Date 09/25/2026
Dividends yield (FY) 0.62%
Basic EPS (TTM) 3.19

How Company Makes Money

Business areaWhat it includesRetail investor read
EquipmentWelding and cutting power sources and robotics.Selling the hardware that powers the factory floor.
ConsumablesWires, electrodes, and flux.Steady, repeat business from customers using their machines.
GeographyOperations in Americas, EMEA, and APAC.Global diversification helps mitigate local economic downturns.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 21.28
Forward PE 10.66
Enterprise Value 6.75B
Price to Sales(TTM) 1.41
Enterprise Value 6.75B
Price to Sales(TTM) 1.41
Enterprise Value to Revenue 2.25
Enterprise Value to EBITDA 14.62
Shares Outstanding 62.17M
Shares Floating 58.07M
Shares Outstanding 62.17M
Shares Floating 58.07M
Percent Insiders 6.49
Percent Institutions 107.56

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About ESAB Corp

Exchange NYSE
Headquarters North Bethesda, MD, United States
IPO Launch date 2022-04-05
President, CEO & Director Mr. Shyam P. Kambeyanda
Sector Industrials
Industry Metal Fabrication
Full time employees 10300
Full time employees 10300

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. It offers its products through independent distributors and direct salespeople. It operates in Europe, Asia Pacific, South America, and the Middle East. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, Maryland.