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Side-by-side financial comparison of ESAB Corp (ESAB) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $727.8M, roughly 1.9× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 4.4%, a 3.1% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 8.5%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
ESAB vs PACS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.4B |
| Net Profit | $54.8M | $59.7M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 7.0% |
| Net Margin | 7.5% | 4.4% |
| Revenue YoY | 8.5% | 18.4% |
| Net Profit YoY | 2.1% | 3022.5% |
| EPS (diluted) | $0.90 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $715.6M | $1.3B | ||
| Q2 25 | $678.1M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $670.8M | $1.1B | ||
| Q3 24 | $673.3M | $1.0B | ||
| Q2 24 | $707.1M | $981.4M | ||
| Q1 24 | $689.7M | $934.3M |
| Q4 25 | $54.8M | $59.7M | ||
| Q3 25 | $66.9M | $52.4M | ||
| Q2 25 | $67.4M | $51.0M | ||
| Q1 25 | — | $28.5M | ||
| Q4 24 | $53.7M | $1.9M | ||
| Q3 24 | $68.2M | $15.6M | ||
| Q2 24 | $82.9M | $-10.9M | ||
| Q1 24 | $60.0M | $49.1M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | 17.1% | ||
| Q2 24 | 38.2% | 22.3% | ||
| Q1 24 | 37.0% | 21.2% |
| Q4 25 | 14.6% | 7.0% | ||
| Q3 25 | 15.2% | 6.4% | ||
| Q2 25 | 16.2% | 6.2% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | 16.6% | 1.7% | ||
| Q3 24 | 15.7% | 2.2% | ||
| Q2 24 | 16.9% | 0.1% | ||
| Q1 24 | 16.0% | 8.6% |
| Q4 25 | 7.5% | 4.4% | ||
| Q3 25 | 9.3% | 3.9% | ||
| Q2 25 | 9.9% | 3.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 8.0% | 0.2% | ||
| Q3 24 | 10.1% | 1.5% | ||
| Q2 24 | 11.7% | -1.1% | ||
| Q1 24 | 8.7% | 5.3% |
| Q4 25 | $0.90 | $0.42 | ||
| Q3 25 | $1.09 | $0.32 | ||
| Q2 25 | $1.10 | $0.31 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | $0.87 | $-0.03 | ||
| Q3 24 | $1.11 | $0.10 | ||
| Q2 24 | $1.35 | $-0.07 | ||
| Q1 24 | $0.98 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $1.3B | $353.2M |
| Stockholders' EquityBook value | $2.1B | $946.8M |
| Total Assets | $4.9B | $5.6B |
| Debt / EquityLower = less leverage | 0.63× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $197.0M | ||
| Q3 25 | $258.2M | $355.7M | ||
| Q2 25 | $291.3M | $294.2M | ||
| Q1 25 | — | $287.5M | ||
| Q4 24 | $249.4M | $157.7M | ||
| Q3 24 | $253.7M | $49.5M | ||
| Q2 24 | $228.5M | $73.4M | ||
| Q1 24 | $76.5M | $81.2M |
| Q4 25 | $1.3B | $353.2M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $411.9M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $946.8M | ||
| Q3 25 | $2.1B | $871.3M | ||
| Q2 25 | $1.9B | $806.8M | ||
| Q1 25 | — | $750.2M | ||
| Q4 24 | $1.8B | $709.6M | ||
| Q3 24 | $1.8B | $660.0M | ||
| Q2 24 | $1.7B | $572.1M | ||
| Q1 24 | $1.6B | $128.0M |
| Q4 25 | $4.9B | $5.6B | ||
| Q3 25 | $4.4B | $5.6B | ||
| Q2 25 | $4.2B | $5.5B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | $4.0B | $5.2B | ||
| Q3 24 | $4.1B | $4.5B | ||
| Q2 24 | $4.0B | $3.9B | ||
| Q1 24 | $3.8B | $3.9B |
| Q4 25 | 0.63× | 0.37× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | 0.58× | ||
| 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 | $-3.4M |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $-3.4M | ||
| Q3 25 | $46.6M | $204.8M | ||
| Q2 25 | $35.4M | $52.6M | ||
| Q1 25 | — | $150.2M | ||
| Q4 24 | $126.9M | $64.6M | ||
| Q3 24 | $101.0M | $209.2M | ||
| Q2 24 | $83.0M | $34.8M | ||
| Q1 24 | $44.5M | $58.8M |
| 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 24 | $37.1M | — |
| 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 24 | 5.4% | — |
| 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 24 | 1.1% | — |
| Q4 25 | 1.49× | -0.06× | ||
| Q3 25 | 0.70× | 3.91× | ||
| Q2 25 | 0.53× | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | 2.36× | 33.78× | ||
| Q3 24 | 1.48× | 13.39× | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | 1.20× |
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% |
PACS
Segment breakdown not available.
