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Side-by-side financial comparison of A2Z CUST2MATE SOLUTIONS CORP. (AZ) 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 $1.5M, roughly 470.5× A2Z CUST2MATE SOLUTIONS CORP.). ESAB Corp runs the higher net margin — 7.5% vs -90.4%, a 98.0% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -1.6%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
AZ vs ESAB — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.5M | $727.8M |
| Net Profit | $-1.4M | $54.8M |
| Gross Margin | 34.0% | 37.0% |
| Operating Margin | -265.9% | 14.6% |
| Net Margin | -90.4% | 7.5% |
| Revenue YoY | -1.6% | 8.5% |
| Net Profit YoY | 60.4% | 2.1% |
| EPS (diluted) | — | $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 | — | $727.8M | ||
| Q3 25 | $1.5M | $715.6M | ||
| Q2 25 | $1.2M | $678.1M | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | — | $670.8M | ||
| Q3 24 | $1.6M | $673.3M | ||
| Q2 24 | $1.1M | $707.1M | ||
| Q1 24 | — | $689.7M |
| Q4 25 | — | $54.8M | ||
| Q3 25 | $-1.4M | $66.9M | ||
| Q2 25 | $-12.6M | $67.4M | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $-3.5M | $68.2M | ||
| Q2 24 | $-3.2M | $82.9M | ||
| Q1 24 | — | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | 34.0% | 37.2% | ||
| Q2 25 | 23.3% | 37.6% | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | 43.9% | 37.7% | ||
| Q2 24 | 7.4% | 38.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | — | 14.6% | ||
| Q3 25 | -265.9% | 15.2% | ||
| Q2 25 | -585.9% | 16.2% | ||
| Q1 25 | -381.4% | — | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | -167.0% | 15.7% | ||
| Q2 24 | -272.1% | 16.9% | ||
| Q1 24 | — | 16.0% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | -90.4% | 9.3% | ||
| Q2 25 | -1085.4% | 9.9% | ||
| Q1 25 | -342.1% | — | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -224.7% | 10.1% | ||
| Q2 24 | -277.4% | 11.7% | ||
| Q1 24 | — | 8.7% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $1.09 | ||
| Q2 25 | — | $1.10 | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | $-0.15 | $1.11 | ||
| Q2 24 | $-0.05 | $1.35 | ||
| Q1 24 | — | $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 | $43.2M | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $71.3M | $2.1B |
| Total Assets | $81.9M | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $218.2M | ||
| Q3 25 | $43.2M | $258.2M | ||
| Q2 25 | $28.5M | $291.3M | ||
| Q1 25 | $24.2M | — | ||
| Q4 24 | — | $249.4M | ||
| Q3 24 | $3.4M | $253.7M | ||
| Q2 24 | $653.0K | $228.5M | ||
| Q1 24 | — | $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 | — | $2.1B | ||
| Q3 25 | $71.3M | $2.1B | ||
| Q2 25 | $31.5M | $1.9B | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $-504.0K | $1.8B | ||
| Q2 24 | $-340.0K | $1.7B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $81.9M | $4.4B | ||
| Q2 25 | $46.1M | $4.2B | ||
| Q1 25 | $42.2M | — | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $10.2M | $4.1B | ||
| Q2 24 | $7.2M | $4.0B | ||
| Q1 24 | — | $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 | $-4.0M | $81.5M |
| Free Cash FlowOCF − Capex | — | $70.3M |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.5M | ||
| Q3 25 | $-4.0M | $46.6M | ||
| Q2 25 | $-5.9M | $35.4M | ||
| Q1 25 | $-3.8M | — | ||
| Q4 24 | — | $126.9M | ||
| Q3 24 | $-658.0K | $101.0M | ||
| Q2 24 | $-3.7M | $83.0M | ||
| Q1 24 | — | $44.5M |
| Q4 25 | — | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | — | $28.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | — | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $37.1M |
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AZ
Segment breakdown not available.
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
