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Side-by-side financial comparison of ESAB Corp (ESAB) and Regency Centers (REG). Click either name above to swap in a different company.

ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $404.2M, roughly 1.8× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs 7.5%, a 42.6% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 8.5%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs 2.8%).

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

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

ESAB vs REG — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.8× larger
ESAB
$727.8M
$404.2M
REG
Growing faster (revenue YoY)
ESAB
ESAB
+0.0% gap
ESAB
8.5%
8.5%
REG
Higher net margin
REG
REG
42.6% more per $
REG
50.1%
7.5%
ESAB
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
2.8%
ESAB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ESAB
ESAB
REG
REG
Revenue
$727.8M
$404.2M
Net Profit
$54.8M
$202.5M
Gross Margin
37.0%
Operating Margin
14.6%
71.0%
Net Margin
7.5%
50.1%
Revenue YoY
8.5%
8.5%
Net Profit YoY
2.1%
134.1%
EPS (diluted)
$0.90

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
REG
REG
Q4 25
$727.8M
$404.2M
Q3 25
$715.6M
$387.6M
Q2 25
$678.1M
$380.8M
Q1 25
$380.9M
Q4 24
$670.8M
$372.5M
Q3 24
$673.3M
$360.3M
Q2 24
$707.1M
$357.3M
Q1 24
$689.7M
$363.9M
Net Profit
ESAB
ESAB
REG
REG
Q4 25
$54.8M
$202.5M
Q3 25
$66.9M
$109.4M
Q2 25
$67.4M
$106.0M
Q1 25
$109.6M
Q4 24
$53.7M
$86.5M
Q3 24
$68.2M
$101.5M
Q2 24
$82.9M
$102.7M
Q1 24
$60.0M
$109.8M
Gross Margin
ESAB
ESAB
REG
REG
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
REG
REG
Q4 25
14.6%
71.0%
Q3 25
15.2%
72.7%
Q2 25
16.2%
73.8%
Q1 25
71.8%
Q4 24
16.6%
71.1%
Q3 24
15.7%
72.5%
Q2 24
16.9%
72.3%
Q1 24
16.0%
72.3%
Net Margin
ESAB
ESAB
REG
REG
Q4 25
7.5%
50.1%
Q3 25
9.3%
28.2%
Q2 25
9.9%
27.8%
Q1 25
28.8%
Q4 24
8.0%
23.2%
Q3 24
10.1%
28.2%
Q2 24
11.7%
28.7%
Q1 24
8.7%
30.2%
EPS (diluted)
ESAB
ESAB
REG
REG
Q4 25
$0.90
Q3 25
$1.09
Q2 25
$1.10
Q1 25
Q4 24
$0.87
Q3 24
$1.11
Q2 24
$1.35
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
ESAB
ESAB
REG
REG
Cash + ST InvestmentsLiquidity on hand
$218.2M
Total DebtLower is stronger
$1.3B
$4.7B
Stockholders' EquityBook value
$2.1B
$6.9B
Total Assets
$4.9B
$13.0B
Debt / EquityLower = less leverage
0.63×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
REG
REG
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
REG
REG
Q4 25
$1.3B
$4.7B
Q3 25
$1.1B
$4.9B
Q2 25
$1.1B
$4.8B
Q1 25
$4.6B
Q4 24
$1.1B
$4.4B
Q3 24
$1.1B
$4.4B
Q2 24
$1.1B
$4.4B
Q1 24
$992.8M
$4.4B
Stockholders' Equity
ESAB
ESAB
REG
REG
Q4 25
$2.1B
$6.9B
Q3 25
$2.1B
$6.8B
Q2 25
$1.9B
$6.7B
Q1 25
$6.7B
Q4 24
$1.8B
$6.7B
Q3 24
$1.8B
$6.8B
Q2 24
$1.7B
$6.8B
Q1 24
$1.6B
$7.0B
Total Assets
ESAB
ESAB
REG
REG
Q4 25
$4.9B
$13.0B
Q3 25
$4.4B
$13.1B
Q2 25
$4.2B
$12.7B
Q1 25
$12.6B
Q4 24
$4.0B
$12.4B
Q3 24
$4.1B
$12.4B
Q2 24
$4.0B
$12.4B
Q1 24
$3.8B
$12.7B
Debt / Equity
ESAB
ESAB
REG
REG
Q4 25
0.63×
0.69×
Q3 25
0.51×
0.72×
Q2 25
0.55×
0.72×
Q1 25
0.69×
Q4 24
0.60×
0.66×
Q3 24
0.59×
0.65×
Q2 24
0.63×
0.64×
Q1 24
0.61×
0.63×

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
REG
REG
Operating Cash FlowLast quarter
$81.5M
$203.9M
Free Cash FlowOCF − Capex
$70.3M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.49×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$238.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
REG
REG
Q4 25
$81.5M
$203.9M
Q3 25
$46.6M
$218.7M
Q2 25
$35.4M
$244.0M
Q1 25
$161.0M
Q4 24
$126.9M
$191.4M
Q3 24
$101.0M
$227.6M
Q2 24
$83.0M
$203.5M
Q1 24
$44.5M
$167.8M
Free Cash Flow
ESAB
ESAB
REG
REG
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
FCF Margin
ESAB
ESAB
REG
REG
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%
Capex Intensity
ESAB
ESAB
REG
REG
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%
Cash Conversion
ESAB
ESAB
REG
REG
Q4 25
1.49×
1.01×
Q3 25
0.70×
2.00×
Q2 25
0.53×
2.30×
Q1 25
1.47×
Q4 24
2.36×
2.21×
Q3 24
1.48×
2.24×
Q2 24
1.00×
1.98×
Q1 24
0.74×
1.53×

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%

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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