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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and ESAB Corp (ESAB). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $727.8M, roughly 1.3× ESAB Corp). On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 5.4%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
BFH vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $727.8M |
| Net Profit | — | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | 4.9% | 14.6% |
| Net Margin | — | 7.5% |
| Revenue YoY | 5.4% | 8.5% |
| Net Profit YoY | — | 2.1% |
| EPS (diluted) | $1.21 | $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 | $975.0M | $727.8M | ||
| Q3 25 | $971.0M | $715.6M | ||
| Q2 25 | $929.0M | $678.1M | ||
| Q1 25 | $970.0M | — | ||
| Q4 24 | $925.0M | $670.8M | ||
| Q3 24 | $983.0M | $673.3M | ||
| Q2 24 | $939.0M | $707.1M | ||
| Q1 24 | $991.0M | $689.7M |
| Q4 25 | — | $54.8M | ||
| Q3 25 | $188.0M | $66.9M | ||
| Q2 25 | $139.0M | $67.4M | ||
| Q1 25 | $138.0M | — | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $2.0M | $68.2M | ||
| Q2 24 | $133.0M | $82.9M | ||
| Q1 24 | $134.0M | $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 | 4.9% | 14.6% | ||
| Q3 25 | 20.2% | 15.2% | ||
| Q2 25 | 18.7% | 16.2% | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | -2.9% | 16.6% | ||
| Q3 24 | 4.1% | 15.7% | ||
| Q2 24 | 19.2% | 16.9% | ||
| Q1 24 | 19.0% | 16.0% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 19.4% | 9.3% | ||
| Q2 25 | 15.0% | 9.9% | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 0.2% | 10.1% | ||
| Q2 24 | 14.2% | 11.7% | ||
| Q1 24 | 13.5% | 8.7% |
| Q4 25 | $1.21 | $0.90 | ||
| Q3 25 | $3.96 | $1.09 | ||
| Q2 25 | $2.94 | $1.10 | ||
| Q1 25 | $2.78 | — | ||
| Q4 24 | $0.08 | $0.87 | ||
| Q3 24 | $0.05 | $1.11 | ||
| Q2 24 | $2.66 | $1.35 | ||
| Q1 24 | $2.70 | $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 | $3.6B | $218.2M |
| Total DebtLower is stronger | $4.3B | $1.3B |
| Stockholders' EquityBook value | $3.3B | $2.1B |
| Total Assets | $22.7B | $4.9B |
| Debt / EquityLower = less leverage | 1.29× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $218.2M | ||
| Q3 25 | $3.8B | $258.2M | ||
| Q2 25 | $3.8B | $291.3M | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.0B | $249.4M | ||
| Q3 24 | $3.5B | $253.7M | ||
| Q2 24 | $4.1B | $228.5M | ||
| Q1 24 | $3.8B | $76.5M |
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $4.2B | $1.1B | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | $1.1B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $3.0B | $1.6B |
| Q4 25 | $22.7B | $4.9B | ||
| Q3 25 | $21.7B | $4.4B | ||
| Q2 25 | $21.8B | $4.2B | ||
| Q1 25 | $22.4B | — | ||
| Q4 24 | $22.9B | $4.0B | ||
| Q3 24 | $21.7B | $4.1B | ||
| Q2 24 | $22.1B | $4.0B | ||
| Q1 24 | $22.3B | $3.8B |
| Q4 25 | 1.29× | 0.63× | ||
| Q3 25 | 1.14× | 0.51× | ||
| Q2 25 | 1.34× | 0.55× | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | 0.60× | ||
| Q3 24 | 1.47× | 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 | $568.0M | $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 | $568.0M | $81.5M | ||
| Q3 25 | $605.0M | $46.6M | ||
| Q2 25 | $526.0M | $35.4M | ||
| Q1 25 | $393.0M | — | ||
| Q4 24 | $479.0M | $126.9M | ||
| Q3 24 | $456.0M | $101.0M | ||
| Q2 24 | $477.0M | $83.0M | ||
| Q1 24 | $447.0M | $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 | 3.22× | 0.70× | ||
| Q2 25 | 3.78× | 0.53× | ||
| Q1 25 | 2.85× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 228.00× | 1.48× | ||
| Q2 24 | 3.59× | 1.00× | ||
| Q1 24 | 3.34× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
