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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and ESAB Corp (ESAB). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $745.6M, roughly 1.4× ESAB Corp). ESAB Corp runs the higher net margin — 6.6% vs 1.6%, a 5.0% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 9.9%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs 4.0%).
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
CHEF vs ESAB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $745.6M |
| Net Profit | $17.4M | $49.2M |
| Gross Margin | 24.3% | 36.9% |
| Operating Margin | 3.1% | 12.1% |
| Net Margin | 1.6% | 6.6% |
| Revenue YoY | 11.4% | 9.9% |
| Net Profit YoY | 68.8% | -29.3% |
| EPS (diluted) | $0.40 | $0.78 |
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.
| Q1 26 | $1.1B | $745.6M | ||
| Q4 25 | $1.1B | $727.8M | ||
| Q3 25 | $1.0B | $715.6M | ||
| Q2 25 | $1.0B | $678.1M | ||
| Q1 25 | $950.7M | — | ||
| Q4 24 | $1.0B | $670.8M | ||
| Q3 24 | $931.5M | $673.3M | ||
| Q2 24 | $954.7M | $707.1M |
| Q1 26 | $17.4M | $49.2M | ||
| Q4 25 | $21.7M | $54.8M | ||
| Q3 25 | $19.1M | $66.9M | ||
| Q2 25 | $21.2M | $67.4M | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | $23.9M | $53.7M | ||
| Q3 24 | $14.1M | $68.2M | ||
| Q2 24 | $15.5M | $82.9M |
| Q1 26 | 24.3% | 36.9% | ||
| Q4 25 | 24.2% | 37.0% | ||
| Q3 25 | 24.2% | 37.2% | ||
| Q2 25 | 24.6% | 37.6% | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 24.3% | 38.5% | ||
| Q3 24 | 24.1% | 37.7% | ||
| Q2 24 | 24.0% | 38.2% |
| Q1 26 | 3.1% | 12.1% | ||
| Q4 25 | 3.8% | 14.6% | ||
| Q3 25 | 3.8% | 15.2% | ||
| Q2 25 | 3.9% | 16.2% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.5% | 16.6% | ||
| Q3 24 | 3.4% | 15.7% | ||
| Q2 24 | 3.5% | 16.9% |
| Q1 26 | 1.6% | 6.6% | ||
| Q4 25 | 1.9% | 7.5% | ||
| Q3 25 | 1.9% | 9.3% | ||
| Q2 25 | 2.1% | 9.9% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | 8.0% | ||
| Q3 24 | 1.5% | 10.1% | ||
| Q2 24 | 1.6% | 11.7% |
| Q1 26 | $0.40 | $0.78 | ||
| Q4 25 | $0.50 | $0.90 | ||
| Q3 25 | $0.44 | $1.09 | ||
| Q2 25 | $0.49 | $1.10 | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.56 | $0.87 | ||
| Q3 24 | $0.34 | $1.11 | ||
| Q2 24 | $0.37 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $122.7M | $1.0B |
| Total DebtLower is stronger | $750.4M | $2.0B |
| Stockholders' EquityBook value | $608.6M | $2.2B |
| Total Assets | $2.0B | $5.6B |
| Debt / EquityLower = less leverage | 1.23× | 0.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.7M | $1.0B | ||
| Q4 25 | $121.0M | $218.2M | ||
| Q3 25 | $65.1M | $258.2M | ||
| Q2 25 | $96.9M | $291.3M | ||
| Q1 25 | $116.5M | — | ||
| Q4 24 | $114.7M | $249.4M | ||
| Q3 24 | $50.7M | $253.7M | ||
| Q2 24 | $38.3M | $228.5M |
| Q1 26 | $750.4M | $2.0B | ||
| Q4 25 | $720.3M | $1.3B | ||
| Q3 25 | $711.7M | $1.1B | ||
| Q2 25 | $690.2M | $1.1B | ||
| Q1 25 | $681.1M | — | ||
| Q4 24 | $688.7M | $1.1B | ||
| Q3 24 | $666.6M | $1.1B | ||
| Q2 24 | $660.8M | $1.1B |
| Q1 26 | $608.6M | $2.2B | ||
| Q4 25 | $604.3M | $2.1B | ||
| Q3 25 | $576.6M | $2.1B | ||
| Q2 25 | $557.7M | $1.9B | ||
| Q1 25 | $541.6M | — | ||
| Q4 24 | $537.6M | $1.8B | ||
| Q3 24 | $480.3M | $1.8B | ||
| Q2 24 | $461.9M | $1.7B |
| Q1 26 | $2.0B | $5.6B | ||
| Q4 25 | $2.0B | $4.9B | ||
| Q3 25 | $1.9B | $4.4B | ||
| Q2 25 | $1.9B | $4.2B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $4.0B | ||
| Q3 24 | $1.8B | $4.1B | ||
| Q2 24 | $1.7B | $4.0B |
| Q1 26 | 1.23× | 0.91× | ||
| Q4 25 | 1.19× | 0.63× | ||
| Q3 25 | 1.23× | 0.51× | ||
| Q2 25 | 1.24× | 0.55× | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.28× | 0.60× | ||
| Q3 24 | 1.39× | 0.59× | ||
| Q2 24 | 1.43× | 0.63× |
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 | $38.3M | $46.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 2.20× | 0.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $38.3M | $46.9M | ||
| Q4 25 | $73.9M | $81.5M | ||
| Q3 25 | $-8.7M | $46.6M | ||
| Q2 25 | $14.5M | $35.4M | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $73.0M | $126.9M | ||
| Q3 24 | $19.8M | $101.0M | ||
| Q2 24 | $29.3M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $70.3M | ||
| Q3 25 | $-19.7M | $37.4M | ||
| Q2 25 | $4.5M | $28.1M | ||
| Q1 25 | $37.2M | — | ||
| Q4 24 | $64.6M | $102.2M | ||
| Q3 24 | $11.8M | $90.4M | ||
| Q2 24 | $13.3M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 9.7% | ||
| Q3 25 | -1.9% | 5.2% | ||
| Q2 25 | 0.4% | 4.1% | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 6.3% | 15.2% | ||
| Q3 24 | 1.3% | 13.4% | ||
| Q2 24 | 1.4% | 10.5% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.5% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 0.8% | 3.7% | ||
| Q3 24 | 0.9% | 1.6% | ||
| Q2 24 | 1.7% | 1.3% |
| Q1 26 | 2.20× | 0.95× | ||
| Q4 25 | 3.41× | 1.49× | ||
| Q3 25 | -0.46× | 0.70× | ||
| Q2 25 | 0.68× | 0.53× | ||
| Q1 25 | 4.82× | — | ||
| Q4 24 | 3.05× | 2.36× | ||
| Q3 24 | 1.41× | 1.48× | ||
| Q2 24 | 1.89× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
