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Side-by-side financial comparison of Arhaus, Inc. (ARHS) 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 $364.8M, roughly 2.0× Arhaus, Inc.). ESAB Corp runs the higher net margin — 7.5% vs 4.1%, a 3.4% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 5.1%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 2.8%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
ARHS vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $727.8M |
| Net Profit | $15.1M | $54.8M |
| Gross Margin | 38.1% | 37.0% |
| Operating Margin | 5.6% | 14.6% |
| Net Margin | 4.1% | 7.5% |
| Revenue YoY | 5.1% | 8.5% |
| Net Profit YoY | -29.1% | 2.1% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $727.8M | ||
| Q3 25 | $344.6M | $715.6M | ||
| Q2 25 | $358.4M | $678.1M | ||
| Q1 25 | $311.4M | — | ||
| Q4 24 | $347.0M | $670.8M | ||
| Q3 24 | $319.1M | $673.3M | ||
| Q2 24 | $309.8M | $707.1M | ||
| Q1 24 | $295.2M | $689.7M |
| Q4 25 | $15.1M | $54.8M | ||
| Q3 25 | $12.2M | $66.9M | ||
| Q2 25 | $35.1M | $67.4M | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $21.3M | $53.7M | ||
| Q3 24 | $9.9M | $68.2M | ||
| Q2 24 | $22.2M | $82.9M | ||
| Q1 24 | $15.1M | $60.0M |
| Q4 25 | 38.1% | 37.0% | ||
| Q3 25 | 38.7% | 37.2% | ||
| Q2 25 | 41.4% | 37.6% | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | 38.5% | ||
| Q3 24 | 38.6% | 37.7% | ||
| Q2 24 | 40.1% | 38.2% | ||
| Q1 24 | 39.0% | 37.0% |
| Q4 25 | 5.6% | 14.6% | ||
| Q3 25 | 4.8% | 15.2% | ||
| Q2 25 | 13.0% | 16.2% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 8.2% | 16.6% | ||
| Q3 24 | 3.3% | 15.7% | ||
| Q2 24 | 9.5% | 16.9% | ||
| Q1 24 | 6.2% | 16.0% |
| Q4 25 | 4.1% | 7.5% | ||
| Q3 25 | 3.5% | 9.3% | ||
| Q2 25 | 9.8% | 9.9% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 6.1% | 8.0% | ||
| Q3 24 | 3.1% | 10.1% | ||
| Q2 24 | 7.2% | 11.7% | ||
| Q1 24 | 5.1% | 8.7% |
| Q4 25 | $0.11 | $0.90 | ||
| Q3 25 | $0.09 | $1.09 | ||
| Q2 25 | $0.25 | $1.10 | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.15 | $0.87 | ||
| Q3 24 | $0.07 | $1.11 | ||
| Q2 24 | $0.16 | $1.35 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $418.2M | $2.1B |
| Total Assets | $1.4B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $218.2M | ||
| Q3 25 | $262.2M | $258.2M | ||
| Q2 25 | $234.8M | $291.3M | ||
| Q1 25 | $214.4M | — | ||
| Q4 24 | $197.5M | $249.4M | ||
| Q3 24 | $177.7M | $253.7M | ||
| Q2 24 | $174.2M | $228.5M | ||
| Q1 24 | $233.2M | $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 | $418.2M | $2.1B | ||
| Q3 25 | $400.4M | $2.1B | ||
| Q2 25 | $385.6M | $1.9B | ||
| Q1 25 | $348.8M | — | ||
| Q4 24 | $343.7M | $1.8B | ||
| Q3 24 | $320.6M | $1.8B | ||
| Q2 24 | $309.3M | $1.7B | ||
| Q1 24 | $285.6M | $1.6B |
| Q4 25 | $1.4B | $4.9B | ||
| Q3 25 | $1.4B | $4.4B | ||
| Q2 25 | $1.3B | $4.2B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | $4.0B | ||
| Q3 24 | $1.2B | $4.1B | ||
| Q2 24 | $1.2B | $4.0B | ||
| Q1 24 | $1.2B | $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 | $9.3M | $81.5M |
| Free Cash FlowOCF − Capex | $-8.8M | $70.3M |
| FCF MarginFCF / Revenue | -2.4% | 9.7% |
| Capex IntensityCapex / Revenue | 5.0% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.62× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $81.5M | ||
| Q3 25 | $46.1M | $46.6M | ||
| Q2 25 | $34.9M | $35.4M | ||
| Q1 25 | $46.5M | — | ||
| Q4 24 | $31.7M | $126.9M | ||
| Q3 24 | $31.1M | $101.0M | ||
| Q2 24 | $47.5M | $83.0M | ||
| Q1 24 | $36.8M | $44.5M |
| Q4 25 | $-8.8M | $70.3M | ||
| Q3 25 | $28.0M | $37.4M | ||
| Q2 25 | $20.9M | $28.1M | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | $102.2M | ||
| Q3 24 | $4.6M | $90.4M | ||
| Q2 24 | $11.3M | $74.0M | ||
| Q1 24 | $10.9M | $37.1M |
| Q4 25 | -2.4% | 9.7% | ||
| Q3 25 | 8.1% | 5.2% | ||
| Q2 25 | 5.8% | 4.1% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | 15.2% | ||
| Q3 24 | 1.4% | 13.4% | ||
| Q2 24 | 3.6% | 10.5% | ||
| Q1 24 | 3.7% | 5.4% |
| Q4 25 | 5.0% | 1.5% | ||
| Q3 25 | 5.3% | 1.3% | ||
| Q2 25 | 3.9% | 1.1% | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | 3.7% | ||
| Q3 24 | 8.3% | 1.6% | ||
| Q2 24 | 11.7% | 1.3% | ||
| Q1 24 | 8.8% | 1.1% |
| Q4 25 | 0.62× | 1.49× | ||
| Q3 25 | 3.77× | 0.70× | ||
| Q2 25 | 1.00× | 0.53× | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | 2.36× | ||
| Q3 24 | 3.14× | 1.48× | ||
| Q2 24 | 2.14× | 1.00× | ||
| Q1 24 | 2.44× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
