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Side-by-side financial comparison of ESAB Corp (ESAB) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $727.8M, roughly 1.2× ESAB Corp). Nextpower Inc. runs the higher net margin — 14.4% vs 7.5%, a 6.9% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 8.5%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $70.3M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
ESAB vs NXT — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $909.4M |
| Net Profit | $54.8M | $131.2M |
| Gross Margin | 37.0% | 31.7% |
| Operating Margin | 14.6% | 19.4% |
| Net Margin | 7.5% | 14.4% |
| Revenue YoY | 8.5% | 33.9% |
| Net Profit YoY | 2.1% | 13.8% |
| EPS (diluted) | $0.90 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $715.6M | $905.3M | ||
| Q2 25 | $678.1M | $864.3M | ||
| Q1 25 | — | $924.3M | ||
| Q4 24 | $670.8M | $679.4M | ||
| Q3 24 | $673.3M | $635.6M | ||
| Q2 24 | $707.1M | $719.9M | ||
| Q1 24 | $689.7M | $736.5M |
| Q4 25 | $54.8M | $131.2M | ||
| Q3 25 | $66.9M | $146.9M | ||
| Q2 25 | $67.4M | $157.2M | ||
| Q1 25 | — | $156.8M | ||
| Q4 24 | $53.7M | $115.3M | ||
| Q3 24 | $68.2M | $115.4M | ||
| Q2 24 | $82.9M | $121.7M | ||
| Q1 24 | $60.0M | $205.2M |
| Q4 25 | 37.0% | 31.7% | ||
| Q3 25 | 37.2% | 32.4% | ||
| Q2 25 | 37.6% | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | 38.5% | 35.5% | ||
| Q3 24 | 37.7% | 35.4% | ||
| Q2 24 | 38.2% | 33.0% | ||
| Q1 24 | 37.0% | 46.2% |
| Q4 25 | 14.6% | 19.4% | ||
| Q3 25 | 15.2% | 20.0% | ||
| Q2 25 | 16.2% | 21.5% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | 16.6% | 22.1% | ||
| Q3 24 | 15.7% | 21.0% | ||
| Q2 24 | 16.9% | 22.2% | ||
| Q1 24 | 16.0% | 36.8% |
| Q4 25 | 7.5% | 14.4% | ||
| Q3 25 | 9.3% | 16.2% | ||
| Q2 25 | 9.9% | 18.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | 8.0% | 17.0% | ||
| Q3 24 | 10.1% | 18.2% | ||
| Q2 24 | 11.7% | 16.9% | ||
| Q1 24 | 8.7% | 27.9% |
| Q4 25 | $0.90 | $0.85 | ||
| Q3 25 | $1.09 | $0.97 | ||
| Q2 25 | $1.10 | $1.04 | ||
| Q1 25 | — | $1.05 | ||
| Q4 24 | $0.87 | $0.79 | ||
| Q3 24 | $1.11 | $0.79 | ||
| Q2 24 | $1.35 | $0.84 | ||
| Q1 24 | $0.98 | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.2B |
| Total Assets | $4.9B | $3.8B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $952.6M | ||
| Q3 25 | $258.2M | $845.3M | ||
| Q2 25 | $291.3M | $743.4M | ||
| Q1 25 | — | $766.1M | ||
| Q4 24 | $249.4M | $693.5M | ||
| Q3 24 | $253.7M | $561.9M | ||
| Q2 24 | $228.5M | $471.9M | ||
| Q1 24 | $76.5M | $474.1M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $961.0M |
| Q4 25 | $4.9B | $3.8B | ||
| Q3 25 | $4.4B | $3.7B | ||
| Q2 25 | $4.2B | $3.4B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $3.8B | $2.5B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $123.3M |
| Free Cash FlowOCF − Capex | $70.3M | $118.5M |
| FCF MarginFCF / Revenue | 9.7% | 13.0% |
| Capex IntensityCapex / Revenue | 1.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.49× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $123.3M | ||
| Q3 25 | $46.6M | $186.9M | ||
| Q2 25 | $35.4M | $81.3M | ||
| Q1 25 | — | $237.3M | ||
| Q4 24 | $126.9M | $143.8M | ||
| Q3 24 | $101.0M | $153.8M | ||
| Q2 24 | $83.0M | $120.8M | ||
| Q1 24 | $44.5M | $111.5M |
| Q4 25 | $70.3M | $118.5M | ||
| Q3 25 | $37.4M | $171.4M | ||
| Q2 25 | $28.1M | $70.1M | ||
| Q1 25 | — | $227.2M | ||
| Q4 24 | $102.2M | $134.9M | ||
| Q3 24 | $90.4M | $141.8M | ||
| Q2 24 | $74.0M | $118.0M | ||
| Q1 24 | $37.1M | $109.2M |
| Q4 25 | 9.7% | 13.0% | ||
| Q3 25 | 5.2% | 18.9% | ||
| Q2 25 | 4.1% | 8.1% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | 15.2% | 19.9% | ||
| Q3 24 | 13.4% | 22.3% | ||
| Q2 24 | 10.5% | 16.4% | ||
| Q1 24 | 5.4% | 14.8% |
| Q4 25 | 1.5% | 0.5% | ||
| Q3 25 | 1.3% | 1.7% | ||
| Q2 25 | 1.1% | 1.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 3.7% | 1.3% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | 1.1% | 0.3% |
| Q4 25 | 1.49× | 0.94× | ||
| Q3 25 | 0.70× | 1.27× | ||
| Q2 25 | 0.53× | 0.52× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | 2.36× | 1.25× | ||
| Q3 24 | 1.48× | 1.33× | ||
| Q2 24 | 1.00× | 0.99× | ||
| Q1 24 | 0.74× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
