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Side-by-side financial comparison of Alpha Metallurgical Resources, Inc. (AMR) 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 $519.1M, roughly 1.4× Alpha Metallurgical Resources, Inc.). ESAB Corp runs the higher net margin — 7.5% vs -3.3%, a 10.9% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -15.7%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-10.0M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -22.4%).

Alpha Metallurgical Resources, formerly Contura Energy, is a leading coal supplier with underground and surface coal mining complexes across Northern and Central Appalachia. Contura owns large coal basins in Pennsylvania, Virginia and West Virginia which supply both metallurgical coal to produce steel and thermal coal to generate power.

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

AMR vs ESAB — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.4× larger
ESAB
$727.8M
$519.1M
AMR
Growing faster (revenue YoY)
ESAB
ESAB
+24.2% gap
ESAB
8.5%
-15.7%
AMR
Higher net margin
ESAB
ESAB
10.9% more per $
ESAB
7.5%
-3.3%
AMR
More free cash flow
ESAB
ESAB
$80.3M more FCF
ESAB
$70.3M
$-10.0M
AMR
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
-22.4%
AMR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AMR
AMR
ESAB
ESAB
Revenue
$519.1M
$727.8M
Net Profit
$-17.3M
$54.8M
Gross Margin
37.0%
Operating Margin
-4.1%
14.6%
Net Margin
-3.3%
7.5%
Revenue YoY
-15.7%
8.5%
Net Profit YoY
-711.2%
2.1%
EPS (diluted)
$-1.35
$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.

Revenue
AMR
AMR
ESAB
ESAB
Q4 25
$519.1M
$727.8M
Q3 25
$525.2M
$715.6M
Q2 25
$548.7M
$678.1M
Q1 25
$529.7M
Q4 24
$615.4M
$670.8M
Q3 24
$669.8M
$673.3M
Q2 24
$800.1M
$707.1M
Q1 24
$861.3M
$689.7M
Net Profit
AMR
AMR
ESAB
ESAB
Q4 25
$-17.3M
$54.8M
Q3 25
$-5.5M
$66.9M
Q2 25
$-5.0M
$67.4M
Q1 25
$-33.9M
Q4 24
$-2.1M
$53.7M
Q3 24
$3.8M
$68.2M
Q2 24
$58.9M
$82.9M
Q1 24
$127.0M
$60.0M
Gross Margin
AMR
AMR
ESAB
ESAB
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%
Operating Margin
AMR
AMR
ESAB
ESAB
Q4 25
-4.1%
14.6%
Q3 25
-0.5%
15.2%
Q2 25
0.5%
16.2%
Q1 25
-7.6%
Q4 24
1.6%
16.6%
Q3 24
0.8%
15.7%
Q2 24
8.8%
16.9%
Q1 24
16.5%
16.0%
Net Margin
AMR
AMR
ESAB
ESAB
Q4 25
-3.3%
7.5%
Q3 25
-1.1%
9.3%
Q2 25
-0.9%
9.9%
Q1 25
-6.4%
Q4 24
-0.3%
8.0%
Q3 24
0.6%
10.1%
Q2 24
7.4%
11.7%
Q1 24
14.7%
8.7%
EPS (diluted)
AMR
AMR
ESAB
ESAB
Q4 25
$-1.35
$0.90
Q3 25
$-0.42
$1.09
Q2 25
$-0.38
$1.10
Q1 25
$-2.60
Q4 24
$-0.09
$0.87
Q3 24
$0.29
$1.11
Q2 24
$4.49
$1.35
Q1 24
$9.59
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMR
AMR
ESAB
ESAB
Cash + ST InvestmentsLiquidity on hand
$415.6M
$218.2M
Total DebtLower is stronger
$9.8M
$1.3B
Stockholders' EquityBook value
$1.5B
$2.1B
Total Assets
$2.3B
$4.9B
Debt / EquityLower = less leverage
0.01×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMR
AMR
ESAB
ESAB
Q4 25
$415.6M
$218.2M
Q3 25
$457.9M
$258.2M
Q2 25
$449.0M
$291.3M
Q1 25
$448.0M
Q4 24
$481.6M
$249.4M
Q3 24
$484.6M
$253.7M
Q2 24
$336.1M
$228.5M
Q1 24
$269.4M
$76.5M
Total Debt
AMR
AMR
ESAB
ESAB
Q4 25
$9.8M
$1.3B
Q3 25
$2.9M
$1.1B
Q2 25
$3.1M
$1.1B
Q1 25
$2.4M
Q4 24
$2.9M
$1.1B
Q3 24
$3.6M
$1.1B
Q2 24
$5.3M
$1.1B
Q1 24
$6.0M
$992.8M
Stockholders' Equity
AMR
AMR
ESAB
ESAB
Q4 25
$1.5B
$2.1B
Q3 25
$1.6B
$2.1B
Q2 25
$1.6B
$1.9B
Q1 25
$1.6B
Q4 24
$1.6B
$1.8B
Q3 24
$1.7B
$1.8B
Q2 24
$1.6B
$1.7B
Q1 24
$1.6B
$1.6B
Total Assets
AMR
AMR
ESAB
ESAB
Q4 25
$2.3B
$4.9B
Q3 25
$2.3B
$4.4B
Q2 25
$2.4B
$4.2B
Q1 25
$2.4B
Q4 24
$2.4B
$4.0B
Q3 24
$2.5B
$4.1B
Q2 24
$2.5B
$4.0B
Q1 24
$2.5B
$3.8B
Debt / Equity
AMR
AMR
ESAB
ESAB
Q4 25
0.01×
0.63×
Q3 25
0.00×
0.51×
Q2 25
0.00×
0.55×
Q1 25
0.00×
Q4 24
0.00×
0.60×
Q3 24
0.00×
0.59×
Q2 24
0.00×
0.63×
Q1 24
0.00×
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
AMR
AMR
ESAB
ESAB
Operating Cash FlowLast quarter
$19.0M
$81.5M
Free Cash FlowOCF − Capex
$-10.0M
$70.3M
FCF MarginFCF / Revenue
-1.9%
9.7%
Capex IntensityCapex / Revenue
5.6%
1.5%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$17.8M
$238.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMR
AMR
ESAB
ESAB
Q4 25
$19.0M
$81.5M
Q3 25
$50.5M
$46.6M
Q2 25
$53.2M
$35.4M
Q1 25
$22.2M
Q4 24
$56.3M
$126.9M
Q3 24
$189.5M
$101.0M
Q2 24
$138.1M
$83.0M
Q1 24
$196.1M
$44.5M
Free Cash Flow
AMR
AMR
ESAB
ESAB
Q4 25
$-10.0M
$70.3M
Q3 25
$25.4M
$37.4M
Q2 25
$18.6M
$28.1M
Q1 25
$-16.3M
Q4 24
$13.6M
$102.2M
Q3 24
$158.0M
$90.4M
Q2 24
$77.0M
$74.0M
Q1 24
$132.5M
$37.1M
FCF Margin
AMR
AMR
ESAB
ESAB
Q4 25
-1.9%
9.7%
Q3 25
4.8%
5.2%
Q2 25
3.4%
4.1%
Q1 25
-3.1%
Q4 24
2.2%
15.2%
Q3 24
23.6%
13.4%
Q2 24
9.6%
10.5%
Q1 24
15.4%
5.4%
Capex Intensity
AMR
AMR
ESAB
ESAB
Q4 25
5.6%
1.5%
Q3 25
4.8%
1.3%
Q2 25
6.3%
1.1%
Q1 25
7.3%
Q4 24
6.9%
3.7%
Q3 24
4.7%
1.6%
Q2 24
7.6%
1.3%
Q1 24
7.4%
1.1%
Cash Conversion
AMR
AMR
ESAB
ESAB
Q4 25
1.49×
Q3 25
0.70×
Q2 25
0.53×
Q1 25
Q4 24
2.36×
Q3 24
49.81×
1.48×
Q2 24
2.34×
1.00×
Q1 24
1.54×
0.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMR
AMR

Segment breakdown not available.

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

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