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Side-by-side financial comparison of ESAB Corp (ESAB) and Global Payments (GPN). Click either name above to swap in a different company.

Global Payments is the larger business by last-quarter revenue ($3.0B vs $745.6M, roughly 4.0× ESAB Corp). ESAB Corp runs the higher net margin — 6.6% vs -59.9%, a 66.5% gap on every dollar of revenue. On growth, Global Payments posted the faster year-over-year revenue change (63.1% vs 9.9%). Over the past eight quarters, Global Payments's revenue compounded faster (7.5% CAGR vs 4.0%).

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

Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments.

ESAB vs GPN — Head-to-Head

Bigger by revenue
GPN
GPN
4.0× larger
GPN
$3.0B
$745.6M
ESAB
Growing faster (revenue YoY)
GPN
GPN
+53.2% gap
GPN
63.1%
9.9%
ESAB
Higher net margin
ESAB
ESAB
66.5% more per $
ESAB
6.6%
-59.9%
GPN
Faster 2-yr revenue CAGR
GPN
GPN
Annualised
GPN
7.5%
4.0%
ESAB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ESAB
ESAB
GPN
GPN
Revenue
$745.6M
$3.0B
Net Profit
$49.2M
$-1.8B
Gross Margin
36.9%
Operating Margin
12.1%
12.5%
Net Margin
6.6%
-59.9%
Revenue YoY
9.9%
63.1%
Net Profit YoY
-29.3%
-688.7%
EPS (diluted)
$0.78
$-6.59

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
GPN
GPN
Q1 26
$745.6M
$3.0B
Q4 25
$727.8M
$1.3B
Q3 25
$715.6M
$2.0B
Q2 25
$678.1M
$2.0B
Q1 25
$2.4B
Q4 24
$670.8M
$2.5B
Q3 24
$673.3M
$2.6B
Q2 24
$707.1M
$2.6B
Net Profit
ESAB
ESAB
GPN
GPN
Q1 26
$49.2M
$-1.8B
Q4 25
$54.8M
$217.5M
Q3 25
$66.9M
$635.2M
Q2 25
$67.4M
$241.6M
Q1 25
$305.7M
Q4 24
$53.7M
$567.2M
Q3 24
$68.2M
$315.1M
Q2 24
$82.9M
$374.8M
Gross Margin
ESAB
ESAB
GPN
GPN
Q1 26
36.9%
Q4 25
37.0%
89.7%
Q3 25
37.2%
72.3%
Q2 25
37.6%
74.5%
Q1 25
61.8%
Q4 24
38.5%
62.1%
Q3 24
37.7%
63.6%
Q2 24
38.2%
63.5%
Operating Margin
ESAB
ESAB
GPN
GPN
Q1 26
12.1%
12.5%
Q4 25
14.6%
5.9%
Q3 25
15.2%
38.8%
Q2 25
16.2%
21.8%
Q1 25
19.5%
Q4 24
16.6%
33.1%
Q3 24
15.7%
18.3%
Q2 24
16.9%
22.3%
Net Margin
ESAB
ESAB
GPN
GPN
Q1 26
6.6%
-59.9%
Q4 25
7.5%
16.4%
Q3 25
9.3%
31.6%
Q2 25
9.9%
12.3%
Q1 25
12.7%
Q4 24
8.0%
22.5%
Q3 24
10.1%
12.1%
Q2 24
11.7%
14.6%
EPS (diluted)
ESAB
ESAB
GPN
GPN
Q1 26
$0.78
$-6.59
Q4 25
$0.90
$0.91
Q3 25
$1.09
$2.64
Q2 25
$1.10
$0.99
Q1 25
$1.24
Q4 24
$0.87
$2.23
Q3 24
$1.11
$1.24
Q2 24
$1.35
$1.47

Balance Sheet & Financial Strength

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

Metric
ESAB
ESAB
GPN
GPN
Cash + ST InvestmentsLiquidity on hand
$1.0B
$5.9B
Total DebtLower is stronger
$2.0B
$22.6B
Stockholders' EquityBook value
$2.2B
$24.5B
Total Assets
$5.6B
$64.3B
Debt / EquityLower = less leverage
0.91×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
GPN
GPN
Q1 26
$1.0B
$5.9B
Q4 25
$218.2M
$8.3B
Q3 25
$258.2M
$2.6B
Q2 25
$291.3M
$2.6B
Q1 25
$2.9B
Q4 24
$249.4M
$2.5B
Q3 24
$253.7M
$2.9B
Q2 24
$228.5M
$2.1B
Total Debt
ESAB
ESAB
GPN
GPN
Q1 26
$2.0B
$22.6B
Q4 25
$1.3B
$19.5B
Q3 25
$1.1B
$13.3B
Q2 25
$1.1B
$14.2B
Q1 25
$15.0B
Q4 24
$1.1B
$15.2B
Q3 24
$1.1B
$15.2B
Q2 24
$1.1B
$15.6B
Stockholders' Equity
ESAB
ESAB
GPN
GPN
Q1 26
$2.2B
$24.5B
Q4 25
$2.1B
$22.9B
Q3 25
$2.1B
$22.7B
Q2 25
$1.9B
$22.6B
Q1 25
$22.2B
Q4 24
$1.8B
$22.3B
Q3 24
$1.8B
$22.8B
Q2 24
$1.7B
$22.4B
Total Assets
ESAB
ESAB
GPN
GPN
Q1 26
$5.6B
$64.3B
Q4 25
$4.9B
$53.3B
Q3 25
$4.4B
$48.0B
Q2 25
$4.2B
$48.5B
Q1 25
$47.6B
Q4 24
$4.0B
$46.9B
Q3 24
$4.1B
$50.0B
Q2 24
$4.0B
$50.8B
Debt / Equity
ESAB
ESAB
GPN
GPN
Q1 26
0.91×
0.92×
Q4 25
0.63×
0.85×
Q3 25
0.51×
0.59×
Q2 25
0.55×
0.63×
Q1 25
0.67×
Q4 24
0.60×
0.68×
Q3 24
0.59×
0.67×
Q2 24
0.63×
0.70×

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
GPN
GPN
Operating Cash FlowLast quarter
$46.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
GPN
GPN
Q1 26
$46.9M
Q4 25
$81.5M
$515.2M
Q3 25
$46.6M
$768.7M
Q2 25
$35.4M
$817.5M
Q1 25
$555.1M
Q4 24
$126.9M
$653.4M
Q3 24
$101.0M
$1.7B
Q2 24
$83.0M
$736.9M
Free Cash Flow
ESAB
ESAB
GPN
GPN
Q1 26
Q4 25
$70.3M
$347.0M
Q3 25
$37.4M
$598.9M
Q2 25
$28.1M
$665.4M
Q1 25
$427.5M
Q4 24
$102.2M
$469.4M
Q3 24
$90.4M
$1.6B
Q2 24
$74.0M
$557.7M
FCF Margin
ESAB
ESAB
GPN
GPN
Q1 26
Q4 25
9.7%
26.1%
Q3 25
5.2%
29.8%
Q2 25
4.1%
34.0%
Q1 25
17.7%
Q4 24
15.2%
18.7%
Q3 24
13.4%
60.0%
Q2 24
10.5%
21.7%
Capex Intensity
ESAB
ESAB
GPN
GPN
Q1 26
8.8%
Q4 25
1.5%
12.7%
Q3 25
1.3%
8.5%
Q2 25
1.1%
7.8%
Q1 25
5.3%
Q4 24
3.7%
7.3%
Q3 24
1.6%
6.4%
Q2 24
1.3%
7.0%
Cash Conversion
ESAB
ESAB
GPN
GPN
Q1 26
0.95×
Q4 25
1.49×
2.37×
Q3 25
0.70×
1.21×
Q2 25
0.53×
3.38×
Q1 25
1.82×
Q4 24
2.36×
1.15×
Q3 24
1.48×
5.48×
Q2 24
1.00×
1.97×

Financial Flow Comparison

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

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