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Side-by-side financial comparison of ESAB Corp (ESAB) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $458.6M, roughly 1.6× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 7.5%, a 8.2% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 8.5%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
ESAB vs HCC — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $458.6M |
| Net Profit | $54.8M | $72.3M |
| Gross Margin | 37.0% | 36.7% |
| Operating Margin | 14.6% | 17.3% |
| Net Margin | 7.5% | 15.8% |
| Revenue YoY | 8.5% | 52.1% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $1.37 |
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 | — | $458.6M | ||
| Q4 25 | $727.8M | $384.0M | ||
| Q3 25 | $715.6M | $328.6M | ||
| Q2 25 | $678.1M | $297.5M | ||
| Q1 25 | — | $299.9M | ||
| Q4 24 | $670.8M | $297.5M | ||
| Q3 24 | $673.3M | $327.7M | ||
| Q2 24 | $707.1M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | $54.8M | $23.0M | ||
| Q3 25 | $66.9M | $36.6M | ||
| Q2 25 | $67.4M | $5.6M | ||
| Q1 25 | — | $-8.2M | ||
| Q4 24 | $53.7M | $1.1M | ||
| Q3 24 | $68.2M | $41.8M | ||
| Q2 24 | $82.9M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | 37.0% | 29.5% | ||
| Q3 25 | 37.2% | 27.1% | ||
| Q2 25 | 37.6% | 23.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | 38.5% | 23.1% | ||
| Q3 24 | 37.7% | 29.3% | ||
| Q2 24 | 38.2% | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 14.6% | 9.0% | ||
| Q3 25 | 15.2% | 6.3% | ||
| Q2 25 | 16.2% | 2.6% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | 16.6% | -1.4% | ||
| Q3 24 | 15.7% | 11.9% | ||
| Q2 24 | 16.9% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 7.5% | 6.0% | ||
| Q3 25 | 9.3% | 11.1% | ||
| Q2 25 | 9.9% | 1.9% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | 8.0% | 0.4% | ||
| Q3 24 | 10.1% | 12.7% | ||
| Q2 24 | 11.7% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $0.90 | $0.43 | ||
| Q3 25 | $1.09 | $0.70 | ||
| Q2 25 | $1.10 | $0.11 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | $0.87 | $0.02 | ||
| Q3 24 | $1.11 | $0.80 | ||
| Q2 24 | $1.35 | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | $1.3B | $154.4M |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $4.9B | $2.8B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | $218.2M | $300.0M | ||
| Q3 25 | $258.2M | $336.3M | ||
| Q2 25 | $291.3M | $383.3M | ||
| Q1 25 | — | $454.9M | ||
| Q4 24 | $249.4M | $491.5M | ||
| Q3 24 | $253.7M | $583.2M | ||
| Q2 24 | $228.5M | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | $1.3B | $154.3M | ||
| Q3 25 | $1.1B | $154.1M | ||
| Q2 25 | $1.1B | $153.9M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | $1.1B | $153.6M | ||
| Q3 24 | $1.1B | $153.5M | ||
| Q2 24 | $1.1B | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.4B | $2.7B | ||
| Q2 25 | $4.2B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $4.0B | $2.6B | ||
| Q3 24 | $4.1B | $2.6B | ||
| Q2 24 | $4.0B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 0.07× | ||
| Q3 25 | 0.51× | 0.07× | ||
| Q2 25 | 0.55× | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | 0.60× | 0.07× | ||
| Q3 24 | 0.59× | 0.07× | ||
| Q2 24 | 0.63× | 0.07× |
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 | — |
| 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 | — | — | ||
| Q4 25 | $81.5M | $76.1M | ||
| Q3 25 | $46.6M | $104.7M | ||
| Q2 25 | $35.4M | $37.5M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | $126.9M | $54.2M | ||
| Q3 24 | $101.0M | $62.2M | ||
| Q2 24 | $83.0M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | — | ||
| Q2 24 | $74.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 10.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 3.31× | ||
| Q3 25 | 0.70× | 2.86× | ||
| Q2 25 | 0.53× | 6.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | 47.68× | ||
| Q3 24 | 1.48× | 1.49× | ||
| Q2 24 | 1.00× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
