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Side-by-side financial comparison of ESAB Corp (ESAB) and PORTLAND GENERAL ELECTRIC CO (POR). Click either name above to swap in a different company.

PORTLAND GENERAL ELECTRIC CO is the larger business by last-quarter revenue ($889.0M vs $727.8M, roughly 1.2× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 4.6%, a 2.9% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 7.9%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-142.0M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -2.2%).

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

ESAB vs POR — Head-to-Head

Bigger by revenue
POR
POR
1.2× larger
POR
$889.0M
$727.8M
ESAB
Growing faster (revenue YoY)
ESAB
ESAB
+0.6% gap
ESAB
8.5%
7.9%
POR
Higher net margin
ESAB
ESAB
2.9% more per $
ESAB
7.5%
4.6%
POR
More free cash flow
ESAB
ESAB
$212.3M more FCF
ESAB
$70.3M
$-142.0M
POR
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
-2.2%
POR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ESAB
ESAB
POR
POR
Revenue
$727.8M
$889.0M
Net Profit
$54.8M
$41.0M
Gross Margin
37.0%
Operating Margin
14.6%
10.7%
Net Margin
7.5%
4.6%
Revenue YoY
8.5%
7.9%
Net Profit YoY
2.1%
7.9%
EPS (diluted)
$0.90
$0.36

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.

Revenue
ESAB
ESAB
POR
POR
Q4 25
$727.8M
$889.0M
Q3 25
$715.6M
$952.0M
Q2 25
$678.1M
$807.0M
Q1 25
$928.0M
Q4 24
$670.8M
$824.0M
Q3 24
$673.3M
$929.0M
Q2 24
$707.1M
$758.0M
Q1 24
$689.7M
$929.0M
Net Profit
ESAB
ESAB
POR
POR
Q4 25
$54.8M
$41.0M
Q3 25
$66.9M
$103.0M
Q2 25
$67.4M
$62.0M
Q1 25
$100.0M
Q4 24
$53.7M
$38.0M
Q3 24
$68.2M
$94.0M
Q2 24
$82.9M
$72.0M
Q1 24
$60.0M
$109.0M
Gross Margin
ESAB
ESAB
POR
POR
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%
Operating Margin
ESAB
ESAB
POR
POR
Q4 25
14.6%
10.7%
Q3 25
15.2%
18.3%
Q2 25
16.2%
14.6%
Q1 25
18.1%
Q4 24
16.6%
10.7%
Q3 24
15.7%
15.7%
Q2 24
16.9%
15.3%
Q1 24
16.0%
17.4%
Net Margin
ESAB
ESAB
POR
POR
Q4 25
7.5%
4.6%
Q3 25
9.3%
10.8%
Q2 25
9.9%
7.7%
Q1 25
10.8%
Q4 24
8.0%
4.6%
Q3 24
10.1%
10.1%
Q2 24
11.7%
9.5%
Q1 24
8.7%
11.7%
EPS (diluted)
ESAB
ESAB
POR
POR
Q4 25
$0.90
$0.36
Q3 25
$1.09
$0.94
Q2 25
$1.10
$0.56
Q1 25
$0.91
Q4 24
$0.87
$0.34
Q3 24
$1.11
$0.90
Q2 24
$1.35
$0.69
Q1 24
$0.98
$1.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESAB
ESAB
POR
POR
Cash + ST InvestmentsLiquidity on hand
$218.2M
Total DebtLower is stronger
$1.3B
$4.7B
Stockholders' EquityBook value
$2.1B
$4.1B
Total Assets
$4.9B
$13.2B
Debt / EquityLower = less leverage
0.63×
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
POR
POR
Q4 25
$218.2M
Q3 25
$258.2M
Q2 25
$291.3M
Q1 25
Q4 24
$249.4M
Q3 24
$253.7M
Q2 24
$228.5M
Q1 24
$76.5M
Total Debt
ESAB
ESAB
POR
POR
Q4 25
$1.3B
$4.7B
Q3 25
$1.1B
$4.7B
Q2 25
$1.1B
$4.7B
Q1 25
$4.7B
Q4 24
$1.1B
$4.5B
Q3 24
$1.1B
$4.4B
Q2 24
$1.1B
$4.4B
Q1 24
$992.8M
$4.4B
Stockholders' Equity
ESAB
ESAB
POR
POR
Q4 25
$2.1B
$4.1B
Q3 25
$2.1B
$4.0B
Q2 25
$1.9B
$3.9B
Q1 25
$3.8B
Q4 24
$1.8B
$3.8B
Q3 24
$1.8B
$3.6B
Q2 24
$1.7B
$3.5B
Q1 24
$1.6B
$3.5B
Total Assets
ESAB
ESAB
POR
POR
Q4 25
$4.9B
$13.2B
Q3 25
$4.4B
$13.0B
Q2 25
$4.2B
$12.7B
Q1 25
$12.7B
Q4 24
$4.0B
$12.5B
Q3 24
$4.1B
$11.9B
Q2 24
$4.0B
$11.6B
Q1 24
$3.8B
$11.6B
Debt / Equity
ESAB
ESAB
POR
POR
Q4 25
0.63×
1.13×
Q3 25
0.51×
1.20×
Q2 25
0.55×
1.23×
Q1 25
1.23×
Q4 24
0.60×
1.20×
Q3 24
0.59×
1.22×
Q2 24
0.63×
1.27×
Q1 24
0.61×
1.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESAB
ESAB
POR
POR
Operating Cash FlowLast quarter
$81.5M
$148.0M
Free Cash FlowOCF − Capex
$70.3M
$-142.0M
FCF MarginFCF / Revenue
9.7%
-16.0%
Capex IntensityCapex / Revenue
1.5%
32.6%
Cash ConversionOCF / Net Profit
1.49×
3.61×
TTM Free Cash FlowTrailing 4 quarters
$238.0M
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
POR
POR
Q4 25
$81.5M
$148.0M
Q3 25
$46.6M
$403.0M
Q2 25
$35.4M
$336.0M
Q1 25
$231.0M
Q4 24
$126.9M
$170.0M
Q3 24
$101.0M
$244.0M
Q2 24
$83.0M
$189.0M
Q1 24
$44.5M
$175.0M
Free Cash Flow
ESAB
ESAB
POR
POR
Q4 25
$70.3M
$-142.0M
Q3 25
$37.4M
$100.0M
Q2 25
$28.1M
$99.0M
Q1 25
$-128.0M
Q4 24
$102.2M
$-222.0M
Q3 24
$90.4M
$-9.0M
Q2 24
$74.0M
$-109.0M
Q1 24
$37.1M
$-150.0M
FCF Margin
ESAB
ESAB
POR
POR
Q4 25
9.7%
-16.0%
Q3 25
5.2%
10.5%
Q2 25
4.1%
12.3%
Q1 25
-13.8%
Q4 24
15.2%
-26.9%
Q3 24
13.4%
-1.0%
Q2 24
10.5%
-14.4%
Q1 24
5.4%
-16.1%
Capex Intensity
ESAB
ESAB
POR
POR
Q4 25
1.5%
32.6%
Q3 25
1.3%
31.8%
Q2 25
1.1%
29.4%
Q1 25
38.7%
Q4 24
3.7%
47.6%
Q3 24
1.6%
27.2%
Q2 24
1.3%
39.3%
Q1 24
1.1%
35.0%
Cash Conversion
ESAB
ESAB
POR
POR
Q4 25
1.49×
3.61×
Q3 25
0.70×
3.91×
Q2 25
0.53×
5.42×
Q1 25
2.31×
Q4 24
2.36×
4.47×
Q3 24
1.48×
2.60×
Q2 24
1.00×
2.63×
Q1 24
0.74×
1.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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