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Side-by-side financial comparison of COMERICA INC (CMA) and ESAB Corp (ESAB). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $727.8M, roughly 1.2× ESAB Corp). COMERICA INC runs the higher net margin — 21.0% vs 7.5%, a 13.5% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 2.8%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
CMA vs ESAB — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $727.8M |
| Net Profit | $176.0M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | — | 14.6% |
| Net Margin | 21.0% | 7.5% |
| Revenue YoY | 3.3% | 8.5% |
| Net Profit YoY | -4.3% | 2.1% |
| EPS (diluted) | $1.35 | $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 | $838.0M | $715.6M | ||
| Q2 25 | $849.0M | $678.1M | ||
| Q1 25 | $829.0M | — | ||
| Q4 24 | $825.0M | $670.8M | ||
| Q3 24 | $811.0M | $673.3M | ||
| Q2 24 | $824.0M | $707.1M | ||
| Q1 24 | $784.0M | $689.7M |
| Q4 25 | — | $54.8M | ||
| Q3 25 | $176.0M | $66.9M | ||
| Q2 25 | $199.0M | $67.4M | ||
| Q1 25 | $172.0M | — | ||
| Q4 24 | $170.0M | $53.7M | ||
| Q3 24 | $184.0M | $68.2M | ||
| Q2 24 | $206.0M | $82.9M | ||
| Q1 24 | $138.0M | $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 | — | 14.6% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 16.0% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 21.0% | 9.3% | ||
| Q2 25 | 23.4% | 9.9% | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 20.6% | 8.0% | ||
| Q3 24 | 22.7% | 10.1% | ||
| Q2 24 | 25.0% | 11.7% | ||
| Q1 24 | 17.6% | 8.7% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | $1.35 | $1.09 | ||
| Q2 25 | $1.42 | $1.10 | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.22 | $0.87 | ||
| Q3 24 | $1.33 | $1.11 | ||
| Q2 24 | $1.49 | $1.35 | ||
| Q1 24 | $0.98 | $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 | $5.4B | $1.3B |
| Stockholders' EquityBook value | $7.4B | $2.1B |
| Total Assets | $77.4B | $4.9B |
| Debt / EquityLower = less leverage | 0.73× | 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 | — | $1.3B | ||
| Q3 25 | $5.4B | $1.1B | ||
| Q2 25 | $5.8B | $1.1B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | $1.1B | ||
| Q3 24 | $6.8B | $1.1B | ||
| Q2 24 | $7.1B | $1.1B | ||
| Q1 24 | $7.1B | $992.8M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $7.4B | $2.1B | ||
| Q2 25 | $6.9B | $1.9B | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $6.5B | $1.8B | ||
| Q3 24 | $7.4B | $1.8B | ||
| Q2 24 | $6.2B | $1.7B | ||
| Q1 24 | $6.0B | $1.6B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $77.4B | $4.4B | ||
| Q2 25 | $78.0B | $4.2B | ||
| Q1 25 | $77.6B | — | ||
| Q4 24 | $79.3B | $4.0B | ||
| Q3 24 | $79.7B | $4.1B | ||
| Q2 24 | $79.6B | $4.0B | ||
| Q1 24 | $79.4B | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | 0.73× | 0.51× | ||
| Q2 25 | 0.84× | 0.55× | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | 0.60× | ||
| Q3 24 | 0.92× | 0.59× | ||
| Q2 24 | 1.15× | 0.63× | ||
| Q1 24 | 1.18× | 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 | $-270.0M | $81.5M |
| Free Cash FlowOCF − Capex | — | $70.3M |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | -1.53× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.5M | ||
| Q3 25 | $-270.0M | $46.6M | ||
| Q2 25 | $476.0M | $35.4M | ||
| Q1 25 | $273.0M | — | ||
| Q4 24 | $601.0M | $126.9M | ||
| Q3 24 | $1.0B | $101.0M | ||
| Q2 24 | $111.0M | $83.0M | ||
| Q1 24 | $-205.0M | $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 | -1.53× | 0.70× | ||
| Q2 25 | 2.39× | 0.53× | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | 2.36× | ||
| Q3 24 | 5.70× | 1.48× | ||
| Q2 24 | 0.54× | 1.00× | ||
| Q1 24 | -1.49× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
