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Side-by-side financial comparison of ESAB Corp (ESAB) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $727.8M, roughly 1.7× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs -18.5%, a 26.0% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -72.2%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
ESAB vs GO — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.2B |
| Net Profit | $54.8M | $-224.9M |
| Gross Margin | 37.0% | 29.7% |
| Operating Margin | 14.6% | — |
| Net Margin | 7.5% | -18.5% |
| Revenue YoY | 8.5% | -72.2% |
| Net Profit YoY | 2.1% | -669.9% |
| EPS (diluted) | $0.90 | $-2.22 |
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 | — | $1.2B | ||
| Q4 25 | $727.8M | — | ||
| Q3 25 | $715.6M | $1.2B | ||
| Q2 25 | $678.1M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $670.8M | $1.1B | ||
| Q3 24 | $673.3M | $1.1B | ||
| Q2 24 | $707.1M | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $11.6M | ||
| Q2 25 | $67.4M | $5.0M | ||
| Q1 25 | — | $-23.3M | ||
| Q4 24 | $53.7M | $2.3M | ||
| Q3 24 | $68.2M | $24.2M | ||
| Q2 24 | $82.9M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | 30.4% | ||
| Q2 25 | 37.6% | 30.6% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | 38.5% | 29.5% | ||
| Q3 24 | 37.7% | 31.1% | ||
| Q2 24 | 38.2% | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | 2.0% | ||
| Q2 25 | 16.2% | 1.1% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 16.6% | 1.0% | ||
| Q3 24 | 15.7% | 3.6% | ||
| Q2 24 | 16.9% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | 1.0% | ||
| Q2 25 | 9.9% | 0.4% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | 8.0% | 0.2% | ||
| Q3 24 | 10.1% | 2.2% | ||
| Q2 24 | 11.7% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $0.90 | — | ||
| Q3 25 | $1.09 | $0.12 | ||
| Q2 25 | $1.10 | $0.05 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | $0.87 | $0.03 | ||
| Q3 24 | $1.11 | $0.24 | ||
| Q2 24 | $1.35 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | $1.3B | $15.0M |
| Stockholders' EquityBook value | $2.1B | $983.7M |
| Total Assets | $4.9B | $3.1B |
| Debt / EquityLower = less leverage | 0.63× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | $52.1M | ||
| Q2 25 | $291.3M | $55.2M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | $249.4M | $62.8M | ||
| Q3 24 | $253.7M | $68.7M | ||
| Q2 24 | $228.5M | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $500.3M | ||
| Q2 25 | $1.1B | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | $1.1B | $477.5M | ||
| Q3 24 | $1.1B | $429.3M | ||
| Q2 24 | $1.1B | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.4B | $3.4B | ||
| Q2 25 | $4.2B | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $4.0B | $3.2B | ||
| Q3 24 | $4.1B | $3.1B | ||
| Q2 24 | $4.0B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | 0.42× | ||
| Q2 25 | 0.55× | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | 0.60× | 0.40× | ||
| Q3 24 | 0.59× | 0.35× | ||
| Q2 24 | 0.63× | 0.31× |
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 | $222.1M |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.1M | ||
| Q4 25 | $81.5M | — | ||
| Q3 25 | $46.6M | $17.3M | ||
| Q2 25 | $35.4M | $73.6M | ||
| Q1 25 | — | $58.9M | ||
| Q4 24 | $126.9M | $39.5M | ||
| Q3 24 | $101.0M | $23.0M | ||
| Q2 24 | $83.0M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | $-21.6M | ||
| Q2 25 | $28.1M | $14.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | $102.2M | $-19.6M | ||
| Q3 24 | $90.4M | $-19.3M | ||
| Q2 24 | $74.0M | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | -1.8% | ||
| Q2 25 | 4.1% | 1.2% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | 15.2% | -1.8% | ||
| Q3 24 | 13.4% | -1.7% | ||
| Q2 24 | 10.5% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 1.1% | 5.0% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 3.7% | 5.4% | ||
| Q3 24 | 1.6% | 3.8% | ||
| Q2 24 | 1.3% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 1.49× | ||
| Q2 25 | 0.53× | 14.84× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | 17.09× | ||
| Q3 24 | 1.48× | 0.95× | ||
| Q2 24 | 1.00× | 2.97× |
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% |
GO
Segment breakdown not available.
