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Side-by-side financial comparison of ESAB Corp (ESAB) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.
BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $727.8M, roughly 1.0× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 6.3%, a 1.2% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 8.5%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $70.3M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
ESAB vs OWL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $755.6M |
| Net Profit | $54.8M | $47.7M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 22.2% |
| Net Margin | 7.5% | 6.3% |
| Revenue YoY | 8.5% | 19.7% |
| Net Profit YoY | 2.1% | 129.8% |
| EPS (diluted) | $0.90 | $0.07 |
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 | $755.6M | ||
| Q3 25 | $715.6M | $728.0M | ||
| Q2 25 | $678.1M | $703.1M | ||
| Q1 25 | — | $683.5M | ||
| Q4 24 | $670.8M | $631.4M | ||
| Q3 24 | $673.3M | $600.9M | ||
| Q2 24 | $707.1M | $549.8M | ||
| Q1 24 | $689.7M | $513.3M |
| Q4 25 | $54.8M | $47.7M | ||
| Q3 25 | $66.9M | $6.3M | ||
| Q2 25 | $67.4M | $17.4M | ||
| Q1 25 | — | $7.4M | ||
| Q4 24 | $53.7M | $20.7M | ||
| Q3 24 | $68.2M | $29.8M | ||
| Q2 24 | $82.9M | $33.9M | ||
| Q1 24 | $60.0M | $25.1M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | 22.2% | ||
| Q3 25 | 15.2% | 7.6% | ||
| Q2 25 | 16.2% | 12.0% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | 16.6% | 11.7% | ||
| Q3 24 | 15.7% | 18.7% | ||
| Q2 24 | 16.9% | 28.4% | ||
| Q1 24 | 16.0% | 24.7% |
| Q4 25 | 7.5% | 6.3% | ||
| Q3 25 | 9.3% | 0.9% | ||
| Q2 25 | 9.9% | 2.5% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 8.0% | 3.3% | ||
| Q3 24 | 10.1% | 5.0% | ||
| Q2 24 | 11.7% | 6.2% | ||
| Q1 24 | 8.7% | 4.9% |
| Q4 25 | $0.90 | $0.07 | ||
| Q3 25 | $1.09 | $0.01 | ||
| Q2 25 | $1.10 | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $0.87 | $0.06 | ||
| Q3 24 | $1.11 | $0.04 | ||
| Q2 24 | $1.35 | $0.06 | ||
| Q1 24 | $0.98 | $0.04 |
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 | $194.5M |
| Total DebtLower is stronger | $1.3B | $3.3B |
| Stockholders' EquityBook value | $2.1B | $2.2B |
| Total Assets | $4.9B | $12.5B |
| Debt / EquityLower = less leverage | 0.63× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $194.5M | ||
| Q3 25 | $258.2M | $137.3M | ||
| Q2 25 | $291.3M | $117.6M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | $249.4M | $152.1M | ||
| Q3 24 | $253.7M | $115.9M | ||
| Q2 24 | $228.5M | $436.8M | ||
| Q1 24 | $76.5M | $155.8M |
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $1.1B | $2.6B | ||
| Q3 24 | $1.1B | $2.5B | ||
| Q2 24 | $1.1B | $2.5B | ||
| Q1 24 | $992.8M | $2.1B |
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.7B | $1.7B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $4.9B | $12.5B | ||
| Q3 25 | $4.4B | $12.5B | ||
| Q2 25 | $4.2B | $12.3B | ||
| Q1 25 | — | $12.3B | ||
| Q4 24 | $4.0B | $11.0B | ||
| Q3 24 | $4.1B | $10.8B | ||
| Q2 24 | $4.0B | $9.7B | ||
| Q1 24 | $3.8B | $9.0B |
| Q4 25 | 0.63× | 1.51× | ||
| Q3 25 | 0.51× | 1.41× | ||
| Q2 25 | 0.55× | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | 0.60× | 1.22× | ||
| Q3 24 | 0.59× | 1.27× | ||
| Q2 24 | 0.63× | 1.41× | ||
| Q1 24 | 0.61× | 1.26× |
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 | $382.9M |
| Free Cash FlowOCF − Capex | $70.3M | $359.1M |
| FCF MarginFCF / Revenue | 9.7% | 47.5% |
| Capex IntensityCapex / Revenue | 1.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.49× | 8.03× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $382.9M | ||
| Q3 25 | $46.6M | $433.1M | ||
| Q2 25 | $35.4M | $422.5M | ||
| Q1 25 | — | $17.6M | ||
| Q4 24 | $126.9M | $324.0M | ||
| Q3 24 | $101.0M | $326.0M | ||
| Q2 24 | $83.0M | $302.3M | ||
| Q1 24 | $44.5M | $47.2M |
| Q4 25 | $70.3M | $359.1M | ||
| Q3 25 | $37.4M | $422.5M | ||
| Q2 25 | $28.1M | $412.5M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | $102.2M | $310.1M | ||
| Q3 24 | $90.4M | $314.8M | ||
| Q2 24 | $74.0M | $269.4M | ||
| Q1 24 | $37.1M | $41.1M |
| Q4 25 | 9.7% | 47.5% | ||
| Q3 25 | 5.2% | 58.0% | ||
| Q2 25 | 4.1% | 58.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 15.2% | 49.1% | ||
| Q3 24 | 13.4% | 52.4% | ||
| Q2 24 | 10.5% | 49.0% | ||
| Q1 24 | 5.4% | 8.0% |
| Q4 25 | 1.5% | 3.1% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 3.7% | 2.2% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 1.3% | 6.0% | ||
| Q1 24 | 1.1% | 1.2% |
| Q4 25 | 1.49× | 8.03× | ||
| Q3 25 | 0.70× | 68.64× | ||
| Q2 25 | 0.53× | 24.25× | ||
| Q1 25 | — | 2.37× | ||
| Q4 24 | 2.36× | 15.62× | ||
| Q3 24 | 1.48× | 10.94× | ||
| Q2 24 | 1.00× | 8.91× | ||
| Q1 24 | 0.74× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
