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Side-by-side financial comparison of ESAB Corp (ESAB) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $727.8M, roughly 1.6× ESAB Corp). Fabrinet runs the higher net margin — 9.9% vs 7.5%, a 2.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
ESAB vs FN — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.1B |
| Net Profit | $54.8M | $112.6M |
| Gross Margin | 37.0% | 12.2% |
| Operating Margin | 14.6% | 10.1% |
| Net Margin | 7.5% | 9.9% |
| Revenue YoY | 8.5% | 35.9% |
| Net Profit YoY | 2.1% | 30.0% |
| EPS (diluted) | $0.90 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $715.6M | $978.1M | ||
| Q2 25 | $678.1M | $909.7M | ||
| Q1 25 | — | $871.8M | ||
| Q4 24 | $670.8M | $833.6M | ||
| Q3 24 | $673.3M | $804.2M | ||
| Q2 24 | $707.1M | $753.3M | ||
| Q1 24 | $689.7M | $731.5M |
| Q4 25 | $54.8M | $112.6M | ||
| Q3 25 | $66.9M | $95.9M | ||
| Q2 25 | $67.4M | $87.2M | ||
| Q1 25 | — | $81.3M | ||
| Q4 24 | $53.7M | $86.6M | ||
| Q3 24 | $68.2M | $77.4M | ||
| Q2 24 | $82.9M | $81.1M | ||
| Q1 24 | $60.0M | $80.9M |
| Q4 25 | 37.0% | 12.2% | ||
| Q3 25 | 37.2% | 11.9% | ||
| Q2 25 | 37.6% | 12.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | 38.5% | 12.1% | ||
| Q3 24 | 37.7% | 12.3% | ||
| Q2 24 | 38.2% | 12.3% | ||
| Q1 24 | 37.0% | 12.4% |
| Q4 25 | 14.6% | 10.1% | ||
| Q3 25 | 15.2% | 9.6% | ||
| Q2 25 | 16.2% | 9.8% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | 16.6% | 9.5% | ||
| Q3 24 | 15.7% | 9.6% | ||
| Q2 24 | 16.9% | 9.7% | ||
| Q1 24 | 16.0% | 9.7% |
| Q4 25 | 7.5% | 9.9% | ||
| Q3 25 | 9.3% | 9.8% | ||
| Q2 25 | 9.9% | 9.6% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | 8.0% | 10.4% | ||
| Q3 24 | 10.1% | 9.6% | ||
| Q2 24 | 11.7% | 10.8% | ||
| Q1 24 | 8.7% | 11.1% |
| Q4 25 | $0.90 | $3.11 | ||
| Q3 25 | $1.09 | $2.66 | ||
| Q2 25 | $1.10 | $2.41 | ||
| Q1 25 | — | $2.25 | ||
| Q4 24 | $0.87 | $2.38 | ||
| Q3 24 | $1.11 | $2.13 | ||
| Q2 24 | $1.35 | $2.22 | ||
| Q1 24 | $0.98 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.2B |
| Total Assets | $4.9B | $3.3B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $960.8M | ||
| Q3 25 | $258.2M | $968.8M | ||
| Q2 25 | $291.3M | $934.2M | ||
| Q1 25 | — | $950.7M | ||
| Q4 24 | $249.4M | $934.6M | ||
| Q3 24 | $253.7M | $908.9M | ||
| Q2 24 | $228.5M | $858.6M | ||
| Q1 24 | $76.5M | $794.0M |
| 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 | — |
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.6B | $1.7B |
| Q4 25 | $4.9B | $3.3B | ||
| Q3 25 | $4.4B | $3.0B | ||
| Q2 25 | $4.2B | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $4.0B | $2.5B | ||
| Q3 24 | $4.1B | $2.4B | ||
| Q2 24 | $4.0B | $2.3B | ||
| Q1 24 | $3.8B | $2.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $81.5M | $46.3M |
| Free Cash FlowOCF − Capex | $70.3M | $-5.3M |
| FCF MarginFCF / Revenue | 9.7% | -0.5% |
| Capex IntensityCapex / Revenue | 1.5% | 4.6% |
| Cash ConversionOCF / Net Profit | 1.49× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $46.3M | ||
| Q3 25 | $46.6M | $102.6M | ||
| Q2 25 | $35.4M | $55.1M | ||
| Q1 25 | — | $74.2M | ||
| Q4 24 | $126.9M | $115.9M | ||
| Q3 24 | $101.0M | $83.2M | ||
| Q2 24 | $83.0M | $83.1M | ||
| Q1 24 | $44.5M | $100.9M |
| Q4 25 | $70.3M | $-5.3M | ||
| Q3 25 | $37.4M | $57.3M | ||
| Q2 25 | $28.1M | $4.7M | ||
| Q1 25 | — | $45.7M | ||
| Q4 24 | $102.2M | $94.0M | ||
| Q3 24 | $90.4M | $62.9M | ||
| Q2 24 | $74.0M | $70.4M | ||
| Q1 24 | $37.1M | $87.3M |
| Q4 25 | 9.7% | -0.5% | ||
| Q3 25 | 5.2% | 5.9% | ||
| Q2 25 | 4.1% | 0.5% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | 15.2% | 11.3% | ||
| Q3 24 | 13.4% | 7.8% | ||
| Q2 24 | 10.5% | 9.3% | ||
| Q1 24 | 5.4% | 11.9% |
| Q4 25 | 1.5% | 4.6% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.1% | 5.5% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 3.7% | 2.6% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 1.3% | 1.7% | ||
| Q1 24 | 1.1% | 1.9% |
| Q4 25 | 1.49× | 0.41× | ||
| Q3 25 | 0.70× | 1.07× | ||
| Q2 25 | 0.53× | 0.63× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 2.36× | 1.34× | ||
| Q3 24 | 1.48× | 1.07× | ||
| Q2 24 | 1.00× | 1.02× | ||
| Q1 24 | 0.74× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
