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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $368.7M, roughly 2.0× ALLIANCE ENTERTAINMENT HOLDING CORP). ESAB Corp runs the higher net margin — 7.5% vs 2.5%, a 5.0% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -6.3%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 2.8%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
AENT vs ESAB — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $727.8M |
| Net Profit | $9.4M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | 4.7% | 14.6% |
| Net Margin | 2.5% | 7.5% |
| Revenue YoY | -6.3% | 8.5% |
| Net Profit YoY | 32.8% | 2.1% |
| EPS (diluted) | $0.18 | $0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $368.7M | $727.8M | ||
| Q3 25 | $254.0M | $715.6M | ||
| Q2 25 | $227.8M | $678.1M | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | $393.7M | $670.8M | ||
| Q3 24 | $229.0M | $673.3M | ||
| Q2 24 | $236.9M | $707.1M | ||
| Q1 24 | $211.2M | $689.7M |
| Q4 25 | $9.4M | $54.8M | ||
| Q3 25 | $4.9M | $66.9M | ||
| Q2 25 | $5.8M | $67.4M | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $7.1M | $53.7M | ||
| Q3 24 | $397.0K | $68.2M | ||
| Q2 24 | $2.5M | $82.9M | ||
| Q1 24 | $-3.4M | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 4.7% | 14.6% | ||
| Q3 25 | 4.2% | 15.2% | ||
| Q2 25 | 4.3% | 16.2% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.8% | 16.6% | ||
| Q3 24 | 0.9% | 15.7% | ||
| Q2 24 | 0.2% | 16.9% | ||
| Q1 24 | -0.3% | 16.0% |
| Q4 25 | 2.5% | 7.5% | ||
| Q3 25 | 1.9% | 9.3% | ||
| Q2 25 | 2.5% | 9.9% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.8% | 8.0% | ||
| Q3 24 | 0.2% | 10.1% | ||
| Q2 24 | 1.1% | 11.7% | ||
| Q1 24 | -1.6% | 8.7% |
| Q4 25 | $0.18 | $0.90 | ||
| Q3 25 | $0.10 | $1.09 | ||
| Q2 25 | $0.11 | $1.10 | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $0.14 | $0.87 | ||
| Q3 24 | $0.01 | $1.11 | ||
| Q2 24 | $0.05 | $1.35 | ||
| Q1 24 | $-0.07 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $117.6M | $2.1B |
| Total Assets | $434.1M | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $218.2M | ||
| Q3 25 | — | $258.2M | ||
| Q2 25 | — | $291.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $249.4M | ||
| Q3 24 | $4.3M | $253.7M | ||
| Q2 24 | $1.1M | $228.5M | ||
| Q1 24 | $1.6M | $76.5M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $117.6M | $2.1B | ||
| Q3 25 | $108.1M | $2.1B | ||
| Q2 25 | $103.2M | $1.9B | ||
| Q1 25 | $97.4M | — | ||
| Q4 24 | $95.6M | $1.8B | ||
| Q3 24 | $88.0M | $1.8B | ||
| Q2 24 | $87.6M | $1.7B | ||
| Q1 24 | $85.1M | $1.6B |
| Q4 25 | $434.1M | $4.9B | ||
| Q3 25 | $383.0M | $4.4B | ||
| Q2 25 | $361.2M | $4.2B | ||
| Q1 25 | $349.4M | — | ||
| Q4 24 | $401.7M | $4.0B | ||
| Q3 24 | $395.7M | $4.1B | ||
| Q2 24 | $340.8M | $4.0B | ||
| Q1 24 | $324.0M | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $81.5M |
| Free Cash FlowOCF − Capex | $-16.9M | $70.3M |
| FCF MarginFCF / Revenue | -4.6% | 9.7% |
| Capex IntensityCapex / Revenue | 0.1% | 1.5% |
| Cash ConversionOCF / Net Profit | -1.76× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $81.5M | ||
| Q3 25 | $2.7M | $46.6M | ||
| Q2 25 | $10.7M | $35.4M | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $25.3M | $126.9M | ||
| Q3 24 | $-11.6M | $101.0M | ||
| Q2 24 | $9.7M | $83.0M | ||
| Q1 24 | $20.0M | $44.5M |
| Q4 25 | $-16.9M | $70.3M | ||
| Q3 25 | $2.4M | $37.4M | ||
| Q2 25 | $10.7M | $28.1M | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | $-11.6M | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | $20.0M | $37.1M |
| Q4 25 | -4.6% | 9.7% | ||
| Q3 25 | 0.9% | 5.2% | ||
| Q2 25 | 4.7% | 4.1% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | -5.1% | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | 9.4% | 5.4% |
| Q4 25 | 0.1% | 1.5% | ||
| Q3 25 | 0.1% | 1.3% | ||
| Q2 25 | 0.0% | 1.1% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 0.0% | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | 0.0% | 1.1% |
| Q4 25 | -1.76× | 1.49× | ||
| Q3 25 | 0.56× | 0.70× | ||
| Q2 25 | 1.86× | 0.53× | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 3.57× | 2.36× | ||
| Q3 24 | -29.31× | 1.48× | ||
| Q2 24 | 3.85× | 1.00× | ||
| Q1 24 | — | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AENT
Segment breakdown not available.
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
