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Side-by-side financial comparison of DELUXE CORP (DLX) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($745.6M vs $535.2M, roughly 1.4× DELUXE CORP). ESAB Corp runs the higher net margin — 6.6% vs 2.2%, a 4.4% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (9.9% vs 2.8%). Over the past eight quarters, ESAB Corp's revenue compounded faster (4.0% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
DLX vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $745.6M |
| Net Profit | $12.0M | $49.2M |
| Gross Margin | 52.2% | 36.9% |
| Operating Margin | 8.9% | 12.1% |
| Net Margin | 2.2% | 6.6% |
| Revenue YoY | 2.8% | 9.9% |
| Net Profit YoY | -5.0% | -29.3% |
| EPS (diluted) | $0.25 | $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 | — | $745.6M | ||
| Q4 25 | $535.2M | $727.8M | ||
| Q3 25 | $540.2M | $715.6M | ||
| Q2 25 | $521.3M | $678.1M | ||
| Q1 25 | $536.5M | — | ||
| Q4 24 | $520.6M | $670.8M | ||
| Q3 24 | $528.4M | $673.3M | ||
| Q2 24 | $537.8M | $707.1M |
| Q1 26 | — | $49.2M | ||
| Q4 25 | $12.0M | $54.8M | ||
| Q3 25 | $33.7M | $66.9M | ||
| Q2 25 | $22.4M | $67.4M | ||
| Q1 25 | $14.0M | — | ||
| Q4 24 | $12.6M | $53.7M | ||
| Q3 24 | $8.9M | $68.2M | ||
| Q2 24 | $20.5M | $82.9M |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 52.2% | 37.0% | ||
| Q3 25 | 53.9% | 37.2% | ||
| Q2 25 | 53.6% | 37.6% | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 52.3% | 38.5% | ||
| Q3 24 | 53.3% | 37.7% | ||
| Q2 24 | 53.7% | 38.2% |
| Q1 26 | — | 12.1% | ||
| Q4 25 | 8.9% | 14.6% | ||
| Q3 25 | 14.0% | 15.2% | ||
| Q2 25 | 11.7% | 16.2% | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 9.0% | 16.6% | ||
| Q3 24 | 7.9% | 15.7% | ||
| Q2 24 | 11.0% | 16.9% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 2.2% | 7.5% | ||
| Q3 25 | 6.2% | 9.3% | ||
| Q2 25 | 4.3% | 9.9% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.4% | 8.0% | ||
| Q3 24 | 1.7% | 10.1% | ||
| Q2 24 | 3.8% | 11.7% |
| Q1 26 | — | $0.78 | ||
| Q4 25 | $0.25 | $0.90 | ||
| Q3 25 | $0.74 | $1.09 | ||
| Q2 25 | $0.50 | $1.10 | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.28 | $0.87 | ||
| Q3 24 | $0.20 | $1.11 | ||
| Q2 24 | $0.46 | $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 | $36.9M | $1.0B |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $680.7M | $2.2B |
| Total Assets | $2.9B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $36.9M | $218.2M | ||
| Q3 25 | $25.8M | $258.2M | ||
| Q2 25 | $26.0M | $291.3M | ||
| Q1 25 | $30.3M | — | ||
| Q4 24 | $34.4M | $249.4M | ||
| Q3 24 | $41.3M | $253.7M | ||
| Q2 24 | $23.1M | $228.5M |
| Q1 26 | — | $2.0B | ||
| 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 26 | — | $2.2B | ||
| Q4 25 | $680.7M | $2.1B | ||
| Q3 25 | $664.1M | $2.1B | ||
| Q2 25 | $638.7M | $1.9B | ||
| Q1 25 | $622.5M | — | ||
| Q4 24 | $620.9M | $1.8B | ||
| Q3 24 | $612.7M | $1.8B | ||
| Q2 24 | $620.5M | $1.7B |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $2.9B | $4.9B | ||
| Q3 25 | $2.6B | $4.4B | ||
| Q2 25 | $2.5B | $4.2B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.8B | $4.0B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $2.7B | $4.0B |
| Q1 26 | — | 0.91× | ||
| 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× |
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 | $102.1M | $46.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 8.53× | 0.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $46.9M | ||
| Q4 25 | $102.1M | $81.5M | ||
| Q3 25 | $67.1M | $46.6M | ||
| Q2 25 | $51.1M | $35.4M | ||
| Q1 25 | $50.3M | — | ||
| Q4 24 | $60.2M | $126.9M | ||
| Q3 24 | $67.9M | $101.0M | ||
| Q2 24 | $39.6M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | $27.8M | $28.1M | ||
| Q1 25 | $24.3M | — | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | $46.7M | $90.4M | ||
| Q2 24 | $11.4M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | 5.3% | 4.1% | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | 8.8% | 13.4% | ||
| Q2 24 | 2.1% | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 4.5% | 1.1% | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 4.0% | 1.6% | ||
| Q2 24 | 5.2% | 1.3% |
| Q1 26 | — | 0.95× | ||
| Q4 25 | 8.53× | 1.49× | ||
| Q3 25 | 1.99× | 0.70× | ||
| Q2 25 | 2.28× | 0.53× | ||
| Q1 25 | 3.59× | — | ||
| Q4 24 | 4.77× | 2.36× | ||
| Q3 24 | 7.60× | 1.48× | ||
| Q2 24 | 1.94× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
ESAB
Segment breakdown not available.
