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Side-by-side financial comparison of ESAB Corp (ESAB) and EZCORP INC (EZPW). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $382.0M, roughly 1.9× EZCORP INC). EZCORP INC runs the higher net margin — 11.6% vs 7.5%, a 4.1% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $31.7M). Over the past eight quarters, EZCORP INC's revenue compounded faster (15.6% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
ESAB vs EZPW — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $382.0M |
| Net Profit | $54.8M | $44.3M |
| Gross Margin | 37.0% | 58.4% |
| Operating Margin | 14.6% | 15.9% |
| Net Margin | 7.5% | 11.6% |
| Revenue YoY | 8.5% | 19.3% |
| Net Profit YoY | 2.1% | 42.8% |
| EPS (diluted) | $0.90 | $0.55 |
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 | $382.0M | ||
| Q3 25 | $715.6M | $336.8M | ||
| Q2 25 | $678.1M | $311.0M | ||
| Q1 25 | — | $306.3M | ||
| Q4 24 | $670.8M | $320.2M | ||
| Q3 24 | $673.3M | $294.6M | ||
| Q2 24 | $707.1M | $281.4M | ||
| Q1 24 | $689.7M | $285.6M |
| Q4 25 | $54.8M | $44.3M | ||
| Q3 25 | $66.9M | $26.7M | ||
| Q2 25 | $67.4M | $26.5M | ||
| Q1 25 | — | $25.4M | ||
| Q4 24 | $53.7M | $31.0M | ||
| Q3 24 | $68.2M | $15.2M | ||
| Q2 24 | $82.9M | $17.9M | ||
| Q1 24 | $60.0M | $21.5M |
| Q4 25 | 37.0% | 58.4% | ||
| Q3 25 | 37.2% | 59.0% | ||
| Q2 25 | 37.6% | 59.1% | ||
| Q1 25 | — | 58.3% | ||
| Q4 24 | 38.5% | 57.9% | ||
| Q3 24 | 37.7% | 59.5% | ||
| Q2 24 | 38.2% | 59.2% | ||
| Q1 24 | 37.0% | 58.7% |
| Q4 25 | 14.6% | 15.9% | ||
| Q3 25 | 15.2% | 11.0% | ||
| Q2 25 | 16.2% | 11.6% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | 16.6% | 13.1% | ||
| Q3 24 | 15.7% | 8.8% | ||
| Q2 24 | 16.9% | 7.9% | ||
| Q1 24 | 16.0% | 9.6% |
| Q4 25 | 7.5% | 11.6% | ||
| Q3 25 | 9.3% | 7.9% | ||
| Q2 25 | 9.9% | 8.5% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | 8.0% | 9.7% | ||
| Q3 24 | 10.1% | 5.2% | ||
| Q2 24 | 11.7% | 6.4% | ||
| Q1 24 | 8.7% | 7.5% |
| Q4 25 | $0.90 | $0.55 | ||
| Q3 25 | $1.09 | $0.35 | ||
| Q2 25 | $1.10 | $0.34 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | $0.87 | $0.40 | ||
| Q3 24 | $1.11 | $0.20 | ||
| Q2 24 | $1.35 | $0.25 | ||
| Q1 24 | $0.98 | $0.29 |
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 | $465.9M |
| Total DebtLower is stronger | $1.3B | $518.6M |
| Stockholders' EquityBook value | $2.1B | $1.1B |
| Total Assets | $4.9B | $2.0B |
| Debt / EquityLower = less leverage | 0.63× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $465.9M | ||
| Q3 25 | $258.2M | $469.5M | ||
| Q2 25 | $291.3M | $472.1M | ||
| Q1 25 | — | $505.2M | ||
| Q4 24 | $249.4M | $174.5M | ||
| Q3 24 | $253.7M | $170.5M | ||
| Q2 24 | $228.5M | $218.0M | ||
| Q1 24 | $76.5M | $229.1M |
| Q4 25 | $1.3B | $518.6M | ||
| Q3 25 | $1.1B | $518.1M | ||
| Q2 25 | $1.1B | $517.6M | ||
| Q1 25 | — | $620.5M | ||
| Q4 24 | $1.1B | $327.7M | ||
| Q3 24 | $1.1B | $327.3M | ||
| Q2 24 | $1.1B | $361.3M | ||
| Q1 24 | $992.8M | $360.9M |
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.0B | ||
| Q2 25 | $1.9B | $990.1M | ||
| Q1 25 | — | $851.6M | ||
| Q4 24 | $1.8B | $823.9M | ||
| Q3 24 | $1.8B | $804.6M | ||
| Q2 24 | $1.7B | $801.5M | ||
| Q1 24 | $1.6B | $800.4M |
| Q4 25 | $4.9B | $2.0B | ||
| Q3 25 | $4.4B | $2.0B | ||
| Q2 25 | $4.2B | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | $4.1B | $1.5B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $3.8B | $1.5B |
| Q4 25 | 0.63× | 0.48× | ||
| Q3 25 | 0.51× | 0.51× | ||
| Q2 25 | 0.55× | 0.52× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | 0.60× | 0.40× | ||
| Q3 24 | 0.59× | 0.41× | ||
| Q2 24 | 0.63× | 0.45× | ||
| Q1 24 | 0.61× | 0.45× |
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 | $81.5M | $39.1M |
| Free Cash FlowOCF − Capex | $70.3M | $31.7M |
| FCF MarginFCF / Revenue | 9.7% | 8.3% |
| Capex IntensityCapex / Revenue | 1.5% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.49× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $121.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $39.1M | ||
| Q3 25 | $46.6M | $51.3M | ||
| Q2 25 | $35.4M | $34.8M | ||
| Q1 25 | — | $36.9M | ||
| Q4 24 | $126.9M | $26.0M | ||
| Q3 24 | $101.0M | $43.3M | ||
| Q2 24 | $83.0M | $33.7M | ||
| Q1 24 | $44.5M | $15.1M |
| Q4 25 | $70.3M | $31.7M | ||
| Q3 25 | $37.4M | $35.7M | ||
| Q2 25 | $28.1M | $25.7M | ||
| Q1 25 | — | $28.6M | ||
| Q4 24 | $102.2M | $20.4M | ||
| Q3 24 | $90.4M | $24.4M | ||
| Q2 24 | $74.0M | $30.5M | ||
| Q1 24 | $37.1M | $8.6M |
| Q4 25 | 9.7% | 8.3% | ||
| Q3 25 | 5.2% | 10.6% | ||
| Q2 25 | 4.1% | 8.3% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | 15.2% | 6.4% | ||
| Q3 24 | 13.4% | 8.3% | ||
| Q2 24 | 10.5% | 10.8% | ||
| Q1 24 | 5.4% | 3.0% |
| Q4 25 | 1.5% | 2.0% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 3.7% | 1.8% | ||
| Q3 24 | 1.6% | 6.4% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 1.1% | 2.3% |
| Q4 25 | 1.49× | 0.88× | ||
| Q3 25 | 0.70× | 1.92× | ||
| Q2 25 | 0.53× | 1.31× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 2.36× | 0.84× | ||
| Q3 24 | 1.48× | 2.85× | ||
| Q2 24 | 1.00× | 1.88× | ||
| Q1 24 | 0.74× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
