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Side-by-side financial comparison of ESAB Corp (ESAB) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $62.2M, roughly 11.7× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ESAB vs OUST — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $62.2M |
| Net Profit | $54.8M | — |
| Gross Margin | 37.0% | 60.2% |
| Operating Margin | 14.6% | 1.5% |
| Net Margin | 7.5% | — |
| Revenue YoY | 8.5% | 106.6% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $0.10 |
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 | $62.2M | ||
| Q3 25 | $715.6M | $39.5M | ||
| Q2 25 | $678.1M | $35.0M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | $670.8M | $30.1M | ||
| Q3 24 | $673.3M | $28.1M | ||
| Q2 24 | $707.1M | $27.0M | ||
| Q1 24 | $689.7M | $25.9M |
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $-21.7M | ||
| Q2 25 | $67.4M | $-20.6M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | $53.7M | — | ||
| Q3 24 | $68.2M | $-25.6M | ||
| Q2 24 | $82.9M | $-23.9M | ||
| Q1 24 | $60.0M | $-23.8M |
| Q4 25 | 37.0% | 60.2% | ||
| Q3 25 | 37.2% | 42.1% | ||
| Q2 25 | 37.6% | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | 38.5% | 43.8% | ||
| Q3 24 | 37.7% | 38.3% | ||
| Q2 24 | 38.2% | 33.7% | ||
| Q1 24 | 37.0% | 28.6% |
| Q4 25 | 14.6% | 1.5% | ||
| Q3 25 | 15.2% | -61.4% | ||
| Q2 25 | 16.2% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | 16.6% | -85.1% | ||
| Q3 24 | 15.7% | -98.0% | ||
| Q2 24 | 16.9% | -93.6% | ||
| Q1 24 | 16.0% | -99.5% |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | -55.0% | ||
| Q2 25 | 9.9% | -58.8% | ||
| Q1 25 | — | -67.5% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 10.1% | -91.1% | ||
| Q2 24 | 11.7% | -88.4% | ||
| Q1 24 | 8.7% | -91.9% |
| Q4 25 | $0.90 | $0.10 | ||
| Q3 25 | $1.09 | $-0.37 | ||
| Q2 25 | $1.10 | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | $0.87 | $-0.46 | ||
| Q3 24 | $1.11 | $-0.54 | ||
| Q2 24 | $1.35 | $-0.53 | ||
| Q1 24 | $0.98 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $261.7M |
| Total Assets | $4.9B | $349.5M |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $208.6M | ||
| Q3 25 | $258.2M | $244.5M | ||
| Q2 25 | $291.3M | $226.5M | ||
| Q1 25 | — | $168.2M | ||
| Q4 24 | $249.4M | $172.0M | ||
| Q3 24 | $253.7M | $151.4M | ||
| Q2 24 | $228.5M | $184.2M | ||
| Q1 24 | $76.5M | $187.8M |
| 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 | $261.7M | ||
| Q3 25 | $2.1B | $247.4M | ||
| Q2 25 | $1.9B | $221.0M | ||
| Q1 25 | — | $167.9M | ||
| Q4 24 | $1.8B | $180.9M | ||
| Q3 24 | $1.8B | $171.7M | ||
| Q2 24 | $1.7B | $170.6M | ||
| Q1 24 | $1.6B | $167.2M |
| Q4 25 | $4.9B | $349.5M | ||
| Q3 25 | $4.4B | $353.8M | ||
| Q2 25 | $4.2B | $321.8M | ||
| Q1 25 | — | $268.6M | ||
| Q4 24 | $4.0B | $276.1M | ||
| Q3 24 | $4.1B | $255.2M | ||
| Q2 24 | $4.0B | $309.9M | ||
| Q1 24 | $3.8B | $317.7M |
| 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 | $-15.4M |
| Free Cash FlowOCF − Capex | $70.3M | $-37.2M |
| FCF MarginFCF / Revenue | 9.7% | -59.8% |
| Capex IntensityCapex / Revenue | 1.5% | 35.0% |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $-15.4M | ||
| Q3 25 | $46.6M | $-18.3M | ||
| Q2 25 | $35.4M | $-1.3M | ||
| Q1 25 | — | $-4.9M | ||
| Q4 24 | $126.9M | $-2.6M | ||
| Q3 24 | $101.0M | $-3.8M | ||
| Q2 24 | $83.0M | $-21.6M | ||
| Q1 24 | $44.5M | $-5.7M |
| Q4 25 | $70.3M | $-37.2M | ||
| Q3 25 | $37.4M | $-20.0M | ||
| Q2 25 | $28.1M | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | $102.2M | $-4.0M | ||
| Q3 24 | $90.4M | $-4.3M | ||
| Q2 24 | $74.0M | $-22.0M | ||
| Q1 24 | $37.1M | $-7.1M |
| Q4 25 | 9.7% | -59.8% | ||
| Q3 25 | 5.2% | -50.7% | ||
| Q2 25 | 4.1% | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | 15.2% | -13.3% | ||
| Q3 24 | 13.4% | -15.4% | ||
| Q2 24 | 10.5% | -81.5% | ||
| Q1 24 | 5.4% | -27.4% |
| Q4 25 | 1.5% | 35.0% | ||
| Q3 25 | 1.3% | 4.3% | ||
| Q2 25 | 1.1% | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 3.7% | 4.8% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 1.1% | 5.3% |
| 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× | — | ||
| Q1 24 | 0.74× | — |
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% |
OUST
Segment breakdown not available.
