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Side-by-side financial comparison of ESAB Corp (ESAB) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
G III APPAREL GROUP LTD is the larger business by last-quarter revenue ($988.6M vs $727.8M, roughly 1.4× ESAB Corp). G III APPAREL GROUP LTD runs the higher net margin — 8.2% vs 7.5%, a 0.6% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -9.0%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-106.4M). Over the past eight quarters, G III APPAREL GROUP LTD's revenue compounded faster (13.7% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
ESAB vs GIII — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $988.6M |
| Net Profit | $54.8M | $80.6M |
| Gross Margin | 37.0% | 38.6% |
| Operating Margin | 14.6% | 11.4% |
| Net Margin | 7.5% | 8.2% |
| Revenue YoY | 8.5% | -9.0% |
| Net Profit YoY | 2.1% | -29.8% |
| EPS (diluted) | $0.90 | $1.84 |
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 | $988.6M | ||
| Q3 25 | $715.6M | $613.3M | ||
| Q2 25 | $678.1M | $583.6M | ||
| Q1 25 | — | $839.5M | ||
| Q4 24 | $670.8M | $1.1B | ||
| Q3 24 | $673.3M | $644.8M | ||
| Q2 24 | $707.1M | $609.7M | ||
| Q1 24 | $689.7M | $764.8M |
| Q4 25 | $54.8M | $80.6M | ||
| Q3 25 | $66.9M | $10.9M | ||
| Q2 25 | $67.4M | $7.8M | ||
| Q1 25 | — | $48.8M | ||
| Q4 24 | $53.7M | $114.8M | ||
| Q3 24 | $68.2M | $24.2M | ||
| Q2 24 | $82.9M | $5.8M | ||
| Q1 24 | $60.0M | $28.9M |
| Q4 25 | 37.0% | 38.6% | ||
| Q3 25 | 37.2% | 40.8% | ||
| Q2 25 | 37.6% | 42.2% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | 38.5% | 39.8% | ||
| Q3 24 | 37.7% | 42.8% | ||
| Q2 24 | 38.2% | 42.5% | ||
| Q1 24 | 37.0% | 36.9% |
| Q4 25 | 14.6% | 11.4% | ||
| Q3 25 | 15.2% | 2.7% | ||
| Q2 25 | 16.2% | 1.5% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | 16.6% | 15.3% | ||
| Q3 24 | 15.7% | 6.4% | ||
| Q2 24 | 16.9% | 2.2% | ||
| Q1 24 | 16.0% | 6.1% |
| Q4 25 | 7.5% | 8.2% | ||
| Q3 25 | 9.3% | 1.8% | ||
| Q2 25 | 9.9% | 1.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | 8.0% | 10.6% | ||
| Q3 24 | 10.1% | 3.8% | ||
| Q2 24 | 11.7% | 1.0% | ||
| Q1 24 | 8.7% | 3.8% |
| Q4 25 | $0.90 | $1.84 | ||
| Q3 25 | $1.09 | $0.25 | ||
| Q2 25 | $1.10 | $0.17 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | $0.87 | $2.55 | ||
| Q3 24 | $1.11 | $0.53 | ||
| Q2 24 | $1.35 | $0.12 | ||
| Q1 24 | $0.98 | $0.59 |
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 | $184.1M |
| Total DebtLower is stronger | $1.3B | $6.5M |
| Stockholders' EquityBook value | $2.1B | $1.8B |
| Total Assets | $4.9B | $2.8B |
| Debt / EquityLower = less leverage | 0.63× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $184.1M | ||
| Q3 25 | $258.2M | $301.8M | ||
| Q2 25 | $291.3M | $257.8M | ||
| Q1 25 | — | $181.4M | ||
| Q4 24 | $249.4M | $104.7M | ||
| Q3 24 | $253.7M | $414.8M | ||
| Q2 24 | $228.5M | $508.4M | ||
| Q1 24 | $76.5M | $507.8M |
| Q4 25 | $1.3B | $6.5M | ||
| Q3 25 | $1.1B | $6.9M | ||
| Q2 25 | $1.1B | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $1.1B | $213.9M | ||
| Q3 24 | $1.1B | $402.5M | ||
| Q2 24 | $1.1B | $402.7M | ||
| Q1 24 | $992.8M | $402.8M |
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.5B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.4B | $2.7B | ||
| Q2 25 | $4.2B | $2.4B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $4.1B | $2.7B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $3.8B | $2.7B |
| Q4 25 | 0.63× | 0.00× | ||
| Q3 25 | 0.51× | 0.00× | ||
| Q2 25 | 0.55× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.60× | 0.13× | ||
| Q3 24 | 0.59× | 0.27× | ||
| Q2 24 | 0.63× | 0.26× | ||
| Q1 24 | 0.61× | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | $70.3M | $-106.4M |
| FCF MarginFCF / Revenue | 9.7% | -10.8% |
| Capex IntensityCapex / Revenue | 1.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.49× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $-97.3M | ||
| Q3 25 | $46.6M | $75.1M | ||
| Q2 25 | $35.4M | $93.8M | ||
| Q1 25 | — | $333.4M | ||
| Q4 24 | $126.9M | $-111.8M | ||
| Q3 24 | $101.0M | $49.3M | ||
| Q2 24 | $83.0M | $45.5M | ||
| Q1 24 | $44.5M | $361.3M |
| Q4 25 | $70.3M | $-106.4M | ||
| Q3 25 | $37.4M | $64.7M | ||
| Q2 25 | $28.1M | $85.7M | ||
| Q1 25 | — | $323.7M | ||
| Q4 24 | $102.2M | $-120.3M | ||
| Q3 24 | $90.4M | $38.8M | ||
| Q2 24 | $74.0M | $32.8M | ||
| Q1 24 | $37.1M | $352.3M |
| Q4 25 | 9.7% | -10.8% | ||
| Q3 25 | 5.2% | 10.6% | ||
| Q2 25 | 4.1% | 14.7% | ||
| Q1 25 | — | 38.6% | ||
| Q4 24 | 15.2% | -11.1% | ||
| Q3 24 | 13.4% | 6.0% | ||
| Q2 24 | 10.5% | 5.4% | ||
| Q1 24 | 5.4% | 46.1% |
| Q4 25 | 1.5% | 0.9% | ||
| Q3 25 | 1.3% | 1.7% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 3.7% | 0.8% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 1.3% | 2.1% | ||
| Q1 24 | 1.1% | 1.2% |
| Q4 25 | 1.49× | -1.21× | ||
| Q3 25 | 0.70× | 6.86× | ||
| Q2 25 | 0.53× | 12.09× | ||
| Q1 25 | — | 6.83× | ||
| Q4 24 | 2.36× | -0.97× | ||
| Q3 24 | 1.48× | 2.04× | ||
| Q2 24 | 1.00× | 7.84× | ||
| Q1 24 | 0.74× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
