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Side-by-side financial comparison of AVIENT CORP (AVNT) and ESAB Corp (ESAB). Click either name above to swap in a different company.
AVIENT CORP is the larger business by last-quarter revenue ($760.6M vs $727.8M, roughly 1.0× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 2.2%, a 5.3% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 1.9%). AVIENT CORP produced more free cash flow last quarter ($125.4M vs $70.3M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -4.2%).
Avient Corporation is a global materials solutions company headquartered in Avon Lake, Ohio, United States, employing approximately 9,000 people worldwide. Its products include colorants, advanced composites, functional additives and engineered materials.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
AVNT vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $760.6M | $727.8M |
| Net Profit | $16.9M | $54.8M |
| Gross Margin | 30.2% | 37.0% |
| Operating Margin | 5.2% | 14.6% |
| Net Margin | 2.2% | 7.5% |
| Revenue YoY | 1.9% | 8.5% |
| Net Profit YoY | -65.0% | 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 | $760.6M | $727.8M | ||
| Q3 25 | $806.5M | $715.6M | ||
| Q2 25 | $866.5M | $678.1M | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $746.5M | $670.8M | ||
| Q3 24 | $815.2M | $673.3M | ||
| Q2 24 | $849.7M | $707.1M | ||
| Q1 24 | $829.0M | $689.7M |
| Q4 25 | $16.9M | $54.8M | ||
| Q3 25 | $32.6M | $66.9M | ||
| Q2 25 | $52.6M | $67.4M | ||
| Q1 25 | $-20.2M | — | ||
| Q4 24 | $48.3M | $53.7M | ||
| Q3 24 | $38.2M | $68.2M | ||
| Q2 24 | $33.6M | $82.9M | ||
| Q1 24 | $49.4M | $60.0M |
| Q4 25 | 30.2% | 37.0% | ||
| Q3 25 | 30.4% | 37.2% | ||
| Q2 25 | 32.1% | 37.6% | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 34.8% | 38.5% | ||
| Q3 24 | 32.1% | 37.7% | ||
| Q2 24 | 30.3% | 38.2% | ||
| Q1 24 | 33.6% | 37.0% |
| Q4 25 | 5.2% | 14.6% | ||
| Q3 25 | 8.3% | 15.2% | ||
| Q2 25 | 11.1% | 16.2% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 11.5% | 16.6% | ||
| Q3 24 | 9.5% | 15.7% | ||
| Q2 24 | 8.5% | 16.9% | ||
| Q1 24 | 11.3% | 16.0% |
| Q4 25 | 2.2% | 7.5% | ||
| Q3 25 | 4.0% | 9.3% | ||
| Q2 25 | 6.1% | 9.9% | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 6.5% | 8.0% | ||
| Q3 24 | 4.7% | 10.1% | ||
| Q2 24 | 4.0% | 11.7% | ||
| Q1 24 | 6.0% | 8.7% |
| Q4 25 | $0.18 | $0.90 | ||
| Q3 25 | $0.36 | $1.09 | ||
| Q2 25 | $0.57 | $1.10 | ||
| Q1 25 | $-0.22 | — | ||
| Q4 24 | $0.53 | $0.87 | ||
| Q3 24 | $0.41 | $1.11 | ||
| Q2 24 | $0.36 | $1.35 | ||
| Q1 24 | $0.54 | $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 | $1.9B | $1.3B |
| Stockholders' EquityBook value | $2.4B | $2.1B |
| Total Assets | $6.0B | $4.9B |
| Debt / EquityLower = less leverage | 0.81× | 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 | — | $253.7M | ||
| Q2 24 | — | $228.5M | ||
| Q1 24 | — | $76.5M |
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.1B | $992.8M |
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.7B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $6.0B | $4.9B | ||
| Q3 25 | $6.1B | $4.4B | ||
| Q2 25 | $6.1B | $4.2B | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | $4.0B | ||
| Q3 24 | $6.0B | $4.1B | ||
| Q2 24 | $5.9B | $4.0B | ||
| Q1 24 | $5.9B | $3.8B |
| Q4 25 | 0.81× | 0.63× | ||
| Q3 25 | 0.83× | 0.51× | ||
| Q2 25 | 0.86× | 0.55× | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | 0.60× | ||
| Q3 24 | 0.88× | 0.59× | ||
| Q2 24 | 0.90× | 0.63× | ||
| Q1 24 | 0.90× | 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 | $167.8M | $81.5M |
| Free Cash FlowOCF − Capex | $125.4M | $70.3M |
| FCF MarginFCF / Revenue | 16.5% | 9.7% |
| Capex IntensityCapex / Revenue | 5.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 9.93× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $195.0M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.8M | $81.5M | ||
| Q3 25 | $72.1M | $46.6M | ||
| Q2 25 | $112.8M | $35.4M | ||
| Q1 25 | $-51.1M | — | ||
| Q4 24 | $122.6M | $126.9M | ||
| Q3 24 | $71.1M | $101.0M | ||
| Q2 24 | $105.9M | $83.0M | ||
| Q1 24 | $-42.8M | $44.5M |
| Q4 25 | $125.4M | $70.3M | ||
| Q3 25 | $47.4M | $37.4M | ||
| Q2 25 | $85.8M | $28.1M | ||
| Q1 25 | $-63.6M | — | ||
| Q4 24 | $81.5M | $102.2M | ||
| Q3 24 | $46.1M | $90.4M | ||
| Q2 24 | $74.5M | $74.0M | ||
| Q1 24 | $-67.2M | $37.1M |
| Q4 25 | 16.5% | 9.7% | ||
| Q3 25 | 5.9% | 5.2% | ||
| Q2 25 | 9.9% | 4.1% | ||
| Q1 25 | -7.7% | — | ||
| Q4 24 | 10.9% | 15.2% | ||
| Q3 24 | 5.7% | 13.4% | ||
| Q2 24 | 8.8% | 10.5% | ||
| Q1 24 | -8.1% | 5.4% |
| Q4 25 | 5.6% | 1.5% | ||
| Q3 25 | 3.1% | 1.3% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 5.5% | 3.7% | ||
| Q3 24 | 3.1% | 1.6% | ||
| Q2 24 | 3.7% | 1.3% | ||
| Q1 24 | 2.9% | 1.1% |
| Q4 25 | 9.93× | 1.49× | ||
| Q3 25 | 2.21× | 0.70× | ||
| Q2 25 | 2.14× | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.54× | 2.36× | ||
| Q3 24 | 1.86× | 1.48× | ||
| Q2 24 | 3.15× | 1.00× | ||
| Q1 24 | -0.87× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
