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Side-by-side financial comparison of ESAB Corp (ESAB) and PRICESMART INC (PSMT). Click either name above to swap in a different company.

PRICESMART 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 2.9%, a 4.6% gap on every dollar of revenue. On growth, PRICESMART INC posted the faster year-over-year revenue change (9.9% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $32.6M). Over the past eight quarters, PRICESMART INC's revenue compounded faster (3.5% CAGR vs 2.8%).

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

PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.

ESAB vs PSMT — Head-to-Head

Bigger by revenue
PSMT
PSMT
1.9× larger
PSMT
$1.4B
$727.8M
ESAB
Growing faster (revenue YoY)
PSMT
PSMT
+1.4% gap
PSMT
9.9%
8.5%
ESAB
Higher net margin
ESAB
ESAB
4.6% more per $
ESAB
7.5%
2.9%
PSMT
More free cash flow
ESAB
ESAB
$37.7M more FCF
ESAB
$70.3M
$32.6M
PSMT
Faster 2-yr revenue CAGR
PSMT
PSMT
Annualised
PSMT
3.5%
2.8%
ESAB

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ESAB
ESAB
PSMT
PSMT
Revenue
$727.8M
$1.4B
Net Profit
$54.8M
$40.2M
Gross Margin
37.0%
17.7%
Operating Margin
14.6%
4.6%
Net Margin
7.5%
2.9%
Revenue YoY
8.5%
9.9%
Net Profit YoY
2.1%
7.3%
EPS (diluted)
$0.90
$1.29

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
PSMT
PSMT
Q4 25
$727.8M
$1.4B
Q3 25
$715.6M
$1.3B
Q2 25
$678.1M
$1.3B
Q1 25
$1.4B
Q4 24
$670.8M
$1.3B
Q3 24
$673.3M
$1.2B
Q2 24
$707.1M
$1.2B
Q1 24
$689.7M
$1.3B
Net Profit
ESAB
ESAB
PSMT
PSMT
Q4 25
$54.8M
$40.2M
Q3 25
$66.9M
$31.5M
Q2 25
$67.4M
$35.2M
Q1 25
$43.8M
Q4 24
$53.7M
$37.4M
Q3 24
$68.2M
$29.1M
Q2 24
$82.9M
$32.5M
Q1 24
$60.0M
$39.3M
Gross Margin
ESAB
ESAB
PSMT
PSMT
Q4 25
37.0%
17.7%
Q3 25
37.2%
Q2 25
37.6%
Q1 25
17.1%
Q4 24
38.5%
17.4%
Q3 24
37.7%
Q2 24
38.2%
Q1 24
37.0%
Operating Margin
ESAB
ESAB
PSMT
PSMT
Q4 25
14.6%
4.6%
Q3 25
15.2%
4.0%
Q2 25
16.2%
4.3%
Q1 25
4.8%
Q4 24
16.6%
4.6%
Q3 24
15.7%
4.0%
Q2 24
16.9%
4.1%
Q1 24
16.0%
4.9%
Net Margin
ESAB
ESAB
PSMT
PSMT
Q4 25
7.5%
2.9%
Q3 25
9.3%
2.4%
Q2 25
9.9%
2.7%
Q1 25
3.2%
Q4 24
8.0%
3.0%
Q3 24
10.1%
2.4%
Q2 24
11.7%
2.6%
Q1 24
8.7%
3.0%
EPS (diluted)
ESAB
ESAB
PSMT
PSMT
Q4 25
$0.90
$1.29
Q3 25
$1.09
$1.02
Q2 25
$1.10
$1.14
Q1 25
$1.45
Q4 24
$0.87
$1.21
Q3 24
$1.11
$0.94
Q2 24
$1.35
$1.08
Q1 24
$0.98
$1.31

Balance Sheet & Financial Strength

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

Metric
ESAB
ESAB
PSMT
PSMT
Cash + ST InvestmentsLiquidity on hand
$218.2M
$320.6M
Total DebtLower is stronger
$1.3B
$180.3M
Stockholders' EquityBook value
$2.1B
$1.3B
Total Assets
$4.9B
$2.4B
Debt / EquityLower = less leverage
0.63×
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
PSMT
PSMT
Q4 25
$218.2M
$320.6M
Q3 25
$258.2M
$314.2M
Q2 25
$291.3M
$262.4M
Q1 25
$247.3M
Q4 24
$249.4M
$222.2M
Q3 24
$253.7M
$225.5M
Q2 24
$228.5M
$228.2M
Q1 24
$76.5M
$264.2M
Total Debt
ESAB
ESAB
PSMT
PSMT
Q4 25
$1.3B
$180.3M
Q3 25
$1.1B
$186.6M
Q2 25
$1.1B
$103.1M
Q1 25
$107.1M
Q4 24
$1.1B
$115.6M
Q3 24
$1.1B
$130.4M
Q2 24
$1.1B
$135.1M
Q1 24
$992.8M
$140.0M
Stockholders' Equity
ESAB
ESAB
PSMT
PSMT
Q4 25
$2.1B
$1.3B
Q3 25
$2.1B
$1.2B
Q2 25
$1.9B
$1.2B
Q1 25
$1.2B
Q4 24
$1.8B
$1.2B
Q3 24
$1.8B
$1.1B
Q2 24
$1.7B
$1.1B
Q1 24
$1.6B
$1.1B
Total Assets
ESAB
ESAB
PSMT
PSMT
Q4 25
$4.9B
$2.4B
Q3 25
$4.4B
$2.3B
Q2 25
$4.2B
$2.1B
Q1 25
$2.1B
Q4 24
$4.0B
$2.1B
Q3 24
$4.1B
$2.0B
Q2 24
$4.0B
$2.0B
Q1 24
$3.8B
$2.0B
Debt / Equity
ESAB
ESAB
PSMT
PSMT
Q4 25
0.63×
0.14×
Q3 25
0.51×
0.15×
Q2 25
0.55×
0.08×
Q1 25
0.09×
Q4 24
0.60×
0.10×
Q3 24
0.59×
0.12×
Q2 24
0.63×
0.12×
Q1 24
0.61×
0.13×

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
PSMT
PSMT
Operating Cash FlowLast quarter
$81.5M
$71.2M
Free Cash FlowOCF − Capex
$70.3M
$32.6M
FCF MarginFCF / Revenue
9.7%
2.4%
Capex IntensityCapex / Revenue
1.5%
2.8%
Cash ConversionOCF / Net Profit
1.49×
1.77×
TTM Free Cash FlowTrailing 4 quarters
$238.0M
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
PSMT
PSMT
Q4 25
$81.5M
$71.2M
Q3 25
$46.6M
$82.1M
Q2 25
$35.4M
$52.8M
Q1 25
$87.9M
Q4 24
$126.9M
$38.5M
Q3 24
$101.0M
$41.8M
Q2 24
$83.0M
$38.1M
Q1 24
$44.5M
$86.6M
Free Cash Flow
ESAB
ESAB
PSMT
PSMT
Q4 25
$70.3M
$32.6M
Q3 25
$37.4M
$25.6M
Q2 25
$28.1M
$14.0M
Q1 25
$53.2M
Q4 24
$102.2M
$10.3M
Q3 24
$90.4M
$15.2M
Q2 24
$74.0M
$-308.0K
Q1 24
$37.1M
$16.4M
FCF Margin
ESAB
ESAB
PSMT
PSMT
Q4 25
9.7%
2.4%
Q3 25
5.2%
1.9%
Q2 25
4.1%
1.1%
Q1 25
3.9%
Q4 24
15.2%
0.8%
Q3 24
13.4%
1.2%
Q2 24
10.5%
-0.0%
Q1 24
5.4%
1.3%
Capex Intensity
ESAB
ESAB
PSMT
PSMT
Q4 25
1.5%
2.8%
Q3 25
1.3%
4.2%
Q2 25
1.1%
2.9%
Q1 25
2.5%
Q4 24
3.7%
2.2%
Q3 24
1.6%
2.2%
Q2 24
1.3%
3.1%
Q1 24
1.1%
5.4%
Cash Conversion
ESAB
ESAB
PSMT
PSMT
Q4 25
1.49×
1.77×
Q3 25
0.70×
2.60×
Q2 25
0.53×
1.50×
Q1 25
2.01×
Q4 24
2.36×
1.03×
Q3 24
1.48×
1.44×
Q2 24
1.00×
1.17×
Q1 24
0.74×
2.20×

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%

PSMT
PSMT

Fresh Foods$454.9M33%
Caribbean Operations Segment$396.5M29%
Colombia Operations Segment$204.1M15%
Hardlines$162.6M12%
Softlines$99.8M7%
ship Income Member$24.5M2%
Health Services$14.5M1%
Other Revenue And Income$4.2M0%
United States Operations Segment$510.0K0%
Export Sales$359.0K0%

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