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Side-by-side financial comparison of ESAB Corp (ESAB) and FIVE BELOW, INC (FIVE). Click either name above to swap in a different company.

FIVE BELOW, INC is the larger business by last-quarter revenue ($1.0B vs $727.8M, roughly 1.4× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 3.5%, a 4.0% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-133.2M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -11.9%).

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

Five Below, Inc. is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.

ESAB vs FIVE — Head-to-Head

Bigger by revenue
FIVE
FIVE
1.4× larger
FIVE
$1.0B
$727.8M
ESAB
Growing faster (revenue YoY)
FIVE
FIVE
+14.6% gap
FIVE
23.1%
8.5%
ESAB
Higher net margin
ESAB
ESAB
4.0% more per $
ESAB
7.5%
3.5%
FIVE
More free cash flow
ESAB
ESAB
$203.5M more FCF
ESAB
$70.3M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
-11.9%
FIVE

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ESAB
ESAB
FIVE
FIVE
Revenue
$727.8M
$1.0B
Net Profit
$54.8M
$36.5M
Gross Margin
37.0%
33.8%
Operating Margin
14.6%
4.2%
Net Margin
7.5%
3.5%
Revenue YoY
8.5%
23.1%
Net Profit YoY
2.1%
2063.9%
EPS (diluted)
$0.90
$0.66

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.

Revenue
ESAB
ESAB
FIVE
FIVE
Q4 25
$727.8M
$1.0B
Q3 25
$715.6M
$1.0B
Q2 25
$678.1M
$970.5M
Q1 25
$1.4B
Q4 24
$670.8M
$843.7M
Q3 24
$673.3M
$830.1M
Q2 24
$707.1M
$811.9M
Q1 24
$689.7M
$1.3B
Net Profit
ESAB
ESAB
FIVE
FIVE
Q4 25
$54.8M
$36.5M
Q3 25
$66.9M
$42.8M
Q2 25
$67.4M
$41.1M
Q1 25
$187.5M
Q4 24
$53.7M
$1.7M
Q3 24
$68.2M
$33.0M
Q2 24
$82.9M
$31.5M
Q1 24
$60.0M
$202.2M
Gross Margin
ESAB
ESAB
FIVE
FIVE
Q4 25
37.0%
33.8%
Q3 25
37.2%
33.3%
Q2 25
37.6%
33.4%
Q1 25
40.2%
Q4 24
38.5%
30.6%
Q3 24
37.7%
32.7%
Q2 24
38.2%
32.5%
Q1 24
37.0%
41.2%
Operating Margin
ESAB
ESAB
FIVE
FIVE
Q4 25
14.6%
4.2%
Q3 25
15.2%
5.1%
Q2 25
16.2%
5.2%
Q1 25
17.7%
Q4 24
16.6%
-0.1%
Q3 24
15.7%
5.0%
Q2 24
16.9%
4.5%
Q1 24
16.0%
20.1%
Net Margin
ESAB
ESAB
FIVE
FIVE
Q4 25
7.5%
3.5%
Q3 25
9.3%
4.2%
Q2 25
9.9%
4.2%
Q1 25
13.5%
Q4 24
8.0%
0.2%
Q3 24
10.1%
4.0%
Q2 24
11.7%
3.9%
Q1 24
8.7%
15.1%
EPS (diluted)
ESAB
ESAB
FIVE
FIVE
Q4 25
$0.90
$0.66
Q3 25
$1.09
$0.77
Q2 25
$1.10
$0.75
Q1 25
$3.40
Q4 24
$0.87
$0.03
Q3 24
$1.11
$0.60
Q2 24
$1.35
$0.57
Q1 24
$0.98
$3.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESAB
ESAB
FIVE
FIVE
Cash + ST InvestmentsLiquidity on hand
$218.2M
$524.5M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$2.1B
$2.0B
Total Assets
$4.9B
$4.8B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
FIVE
FIVE
Q4 25
$218.2M
$524.5M
Q3 25
$258.2M
$670.2M
Q2 25
$291.3M
$624.0M
Q1 25
$528.8M
Q4 24
$249.4M
$216.6M
Q3 24
$253.7M
$327.7M
Q2 24
$228.5M
$369.6M
Q1 24
$76.5M
$460.1M
Total Debt
ESAB
ESAB
FIVE
FIVE
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 24
$992.8M
Stockholders' Equity
ESAB
ESAB
FIVE
FIVE
Q4 25
$2.1B
$2.0B
Q3 25
$2.1B
$1.9B
Q2 25
$1.9B
$1.9B
Q1 25
$1.8B
Q4 24
$1.8B
$1.6B
Q3 24
$1.8B
$1.6B
Q2 24
$1.7B
$1.6B
Q1 24
$1.6B
$1.6B
Total Assets
ESAB
ESAB
FIVE
FIVE
Q4 25
$4.9B
$4.8B
Q3 25
$4.4B
$4.6B
Q2 25
$4.2B
$4.5B
Q1 25
$4.3B
Q4 24
$4.0B
$4.2B
Q3 24
$4.1B
$4.0B
Q2 24
$4.0B
$3.9B
Q1 24
$3.8B
$3.9B
Debt / Equity
ESAB
ESAB
FIVE
FIVE
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×
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
ESAB
ESAB
FIVE
FIVE
Operating Cash FlowLast quarter
$81.5M
$-80.1M
Free Cash FlowOCF − Capex
$70.3M
$-133.2M
FCF MarginFCF / Revenue
9.7%
-12.8%
Capex IntensityCapex / Revenue
1.5%
5.1%
Cash ConversionOCF / Net Profit
1.49×
-2.19×
TTM Free Cash FlowTrailing 4 quarters
$238.0M
$323.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
FIVE
FIVE
Q4 25
$81.5M
$-80.1M
Q3 25
$46.6M
$93.0M
Q2 25
$35.4M
$132.7M
Q1 25
$363.5M
Q4 24
$126.9M
$-30.6M
Q3 24
$101.0M
$71.3M
Q2 24
$83.0M
$26.4M
Q1 24
$44.5M
$407.7M
Free Cash Flow
ESAB
ESAB
FIVE
FIVE
Q4 25
$70.3M
$-133.2M
Q3 25
$37.4M
$48.3M
Q2 25
$28.1M
$96.5M
Q1 25
$311.4M
Q4 24
$102.2M
$-111.0M
Q3 24
$90.4M
$-32.4M
Q2 24
$74.0M
$-61.4M
Q1 24
$37.1M
$304.6M
FCF Margin
ESAB
ESAB
FIVE
FIVE
Q4 25
9.7%
-12.8%
Q3 25
5.2%
4.7%
Q2 25
4.1%
9.9%
Q1 25
22.4%
Q4 24
15.2%
-13.2%
Q3 24
13.4%
-3.9%
Q2 24
10.5%
-7.6%
Q1 24
5.4%
22.8%
Capex Intensity
ESAB
ESAB
FIVE
FIVE
Q4 25
1.5%
5.1%
Q3 25
1.3%
4.4%
Q2 25
1.1%
3.7%
Q1 25
3.7%
Q4 24
3.7%
9.5%
Q3 24
1.6%
12.5%
Q2 24
1.3%
10.8%
Q1 24
1.1%
7.7%
Cash Conversion
ESAB
ESAB
FIVE
FIVE
Q4 25
1.49×
-2.19×
Q3 25
0.70×
2.17×
Q2 25
0.53×
3.22×
Q1 25
1.94×
Q4 24
2.36×
-18.13×
Q3 24
1.48×
2.16×
Q2 24
1.00×
0.84×
Q1 24
0.74×
2.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

FIVE
FIVE

Segment breakdown not available.

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