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Side-by-side financial comparison of ESAB Corp (ESAB) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $727.8M, roughly 1.1× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs -4.3%, a 11.8% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
ESAB vs MAGN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $792.0M |
| Net Profit | $54.8M | $-34.0M |
| Gross Margin | 37.0% | 12.2% |
| Operating Margin | 14.6% | 1.8% |
| Net Margin | 7.5% | -4.3% |
| Revenue YoY | 8.5% | 12.8% |
| Net Profit YoY | 2.1% | 43.3% |
| EPS (diluted) | $0.90 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $715.6M | — | ||
| Q2 25 | $678.1M | $839.0M | ||
| Q1 25 | — | $824.0M | ||
| Q4 24 | $670.8M | $702.0M | ||
| Q3 24 | $673.3M | $332.1M | ||
| Q2 24 | $707.1M | $556.0M | ||
| Q1 24 | $689.7M | $558.0M |
| Q4 25 | $54.8M | $-34.0M | ||
| Q3 25 | $66.9M | — | ||
| Q2 25 | $67.4M | $-18.0M | ||
| Q1 25 | — | $-41.0M | ||
| Q4 24 | $53.7M | $-60.0M | ||
| Q3 24 | $68.2M | $-15.2M | ||
| Q2 24 | $82.9M | $19.0M | ||
| Q1 24 | $60.0M | $14.0M |
| Q4 25 | 37.0% | 12.2% | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | 38.5% | 10.1% | ||
| Q3 24 | 37.7% | 10.7% | ||
| Q2 24 | 38.2% | 6.6% | ||
| Q1 24 | 37.0% | 6.2% |
| Q4 25 | 14.6% | 1.8% | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 16.2% | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 16.6% | -3.1% | ||
| Q3 24 | 15.7% | 0.9% | ||
| Q2 24 | 16.9% | 3.1% | ||
| Q1 24 | 16.0% | 3.8% |
| Q4 25 | 7.5% | -4.3% | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 9.9% | -2.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | 8.0% | -8.5% | ||
| Q3 24 | 10.1% | -4.6% | ||
| Q2 24 | 11.7% | 3.4% | ||
| Q1 24 | 8.7% | 2.5% |
| Q4 25 | $0.90 | $-0.95 | ||
| Q3 25 | $1.09 | — | ||
| Q2 25 | $1.10 | $-0.51 | ||
| Q1 25 | — | $-1.15 | ||
| Q4 24 | $0.87 | $-1.69 | ||
| Q3 24 | $1.11 | $-0.33 | ||
| Q2 24 | $1.35 | $0.60 | ||
| Q1 24 | $0.98 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | $1.3B | $1.9B |
| Stockholders' EquityBook value | $2.1B | $1.0B |
| Total Assets | $4.9B | $3.9B |
| Debt / EquityLower = less leverage | 0.63× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $264.0M | ||
| Q3 25 | $258.2M | — | ||
| Q2 25 | $291.3M | $276.0M | ||
| Q1 25 | — | $282.0M | ||
| Q4 24 | $249.4M | $215.0M | ||
| Q3 24 | $253.7M | $230.0M | ||
| Q2 24 | $228.5M | $33.9M | ||
| Q1 24 | $76.5M | $30.2M |
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $877.4M | ||
| Q1 24 | $992.8M | $884.7M |
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
| Q4 25 | $4.9B | $3.9B | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.2B | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $4.0B | $4.0B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $3.8B | $1.5B |
| Q4 25 | 0.63× | 1.86× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | 0.60× | 1.80× | ||
| Q3 24 | 0.59× | 0.91× | ||
| Q2 24 | 0.63× | 0.37× | ||
| Q1 24 | 0.61× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $70.3M | $-13.0M |
| FCF MarginFCF / Revenue | 9.7% | -1.6% |
| Capex IntensityCapex / Revenue | 1.5% | 1.9% |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $2.0M | ||
| Q3 25 | $46.6M | — | ||
| Q2 25 | $35.4M | $0 | ||
| Q1 25 | — | $65.0M | ||
| Q4 24 | $126.9M | $-58.0M | ||
| Q3 24 | $101.0M | $12.2M | ||
| Q2 24 | $83.0M | $38.0M | ||
| Q1 24 | $44.5M | $20.0M |
| Q4 25 | $70.3M | $-13.0M | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | $102.2M | $-74.0M | ||
| Q3 24 | $90.4M | $3.6M | ||
| Q2 24 | $74.0M | $23.0M | ||
| Q1 24 | $37.1M | $12.5M |
| Q4 25 | 9.7% | -1.6% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | 15.2% | -10.5% | ||
| Q3 24 | 13.4% | 1.1% | ||
| Q2 24 | 10.5% | 4.1% | ||
| Q1 24 | 5.4% | 2.2% |
| Q4 25 | 1.5% | 1.9% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 3.7% | 2.3% | ||
| Q3 24 | 1.6% | 2.6% | ||
| Q2 24 | 1.3% | 2.7% | ||
| Q1 24 | 1.1% | 1.3% |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | 2.00× | ||
| Q1 24 | 0.74× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
