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Side-by-side financial comparison of ESAB Corp (ESAB) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $727.8M, roughly 1.2× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 4.1%, a 3.4% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 8.5%). RH produced more free cash flow last quarter ($83.0M vs $70.3M). Over the past eight quarters, RH's revenue compounded faster (9.4% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
ESAB vs RH — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $883.8M |
| Net Profit | $54.8M | $36.3M |
| Gross Margin | 37.0% | 44.1% |
| Operating Margin | 14.6% | 12.0% |
| Net Margin | 7.5% | 4.1% |
| Revenue YoY | 8.5% | 8.9% |
| Net Profit YoY | 2.1% | 9.3% |
| EPS (diluted) | $0.90 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $715.6M | $899.2M | ||
| Q2 25 | $678.1M | $814.0M | ||
| Q1 25 | — | $812.4M | ||
| Q4 24 | $670.8M | $811.7M | ||
| Q3 24 | $673.3M | $829.7M | ||
| Q2 24 | $707.1M | $727.0M | ||
| Q1 24 | $689.7M | $738.3M |
| Q4 25 | $54.8M | $36.3M | ||
| Q3 25 | $66.9M | $51.7M | ||
| Q2 25 | $67.4M | $8.0M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $53.7M | $33.2M | ||
| Q3 24 | $68.2M | $29.0M | ||
| Q2 24 | $82.9M | $-3.6M | ||
| Q1 24 | $60.0M | $11.4M |
| Q4 25 | 37.0% | 44.1% | ||
| Q3 25 | 37.2% | 45.5% | ||
| Q2 25 | 37.6% | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | 38.5% | 44.5% | ||
| Q3 24 | 37.7% | 45.2% | ||
| Q2 24 | 38.2% | 43.5% | ||
| Q1 24 | 37.0% | 43.5% |
| Q4 25 | 14.6% | 12.0% | ||
| Q3 25 | 15.2% | 14.3% | ||
| Q2 25 | 16.2% | 6.9% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | 16.6% | 12.5% | ||
| Q3 24 | 15.7% | 11.6% | ||
| Q2 24 | 16.9% | 7.5% | ||
| Q1 24 | 16.0% | 8.7% |
| Q4 25 | 7.5% | 4.1% | ||
| Q3 25 | 9.3% | 5.8% | ||
| Q2 25 | 9.9% | 1.0% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 8.0% | 4.1% | ||
| Q3 24 | 10.1% | 3.5% | ||
| Q2 24 | 11.7% | -0.5% | ||
| Q1 24 | 8.7% | 1.5% |
| Q4 25 | $0.90 | $1.83 | ||
| Q3 25 | $1.09 | $2.62 | ||
| Q2 25 | $1.10 | $0.40 | ||
| Q1 25 | — | $0.71 | ||
| Q4 24 | $0.87 | $1.66 | ||
| Q3 24 | $1.11 | $1.45 | ||
| Q2 24 | $1.35 | $-0.20 | ||
| Q1 24 | $0.98 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $3.3M |
| Total Assets | $4.9B | $4.8B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $43.1M | ||
| Q3 25 | $258.2M | $34.6M | ||
| Q2 25 | $291.3M | $46.1M | ||
| Q1 25 | — | $30.4M | ||
| Q4 24 | $249.4M | $87.0M | ||
| Q3 24 | $253.7M | $78.3M | ||
| Q2 24 | $228.5M | $101.8M | ||
| Q1 24 | $76.5M | $123.7M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $3.3M | ||
| Q3 25 | $2.1B | $-40.9M | ||
| Q2 25 | $1.9B | $-110.8M | ||
| Q1 25 | — | $-163.6M | ||
| Q4 24 | $1.8B | $-183.0M | ||
| Q3 24 | $1.8B | $-234.7M | ||
| Q2 24 | $1.7B | $-289.9M | ||
| Q1 24 | $1.6B | $-297.4M |
| Q4 25 | $4.9B | $4.8B | ||
| Q3 25 | $4.4B | $4.7B | ||
| Q2 25 | $4.2B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $4.0B | $4.5B | ||
| Q3 24 | $4.1B | $4.4B | ||
| Q2 24 | $4.0B | $4.2B | ||
| Q1 24 | $3.8B | $4.1B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $70.3M | $83.0M |
| FCF MarginFCF / Revenue | 9.7% | 9.4% |
| Capex IntensityCapex / Revenue | 1.5% | 5.5% |
| Cash ConversionOCF / Net Profit | 1.49× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $131.9M | ||
| Q3 25 | $46.6M | $137.7M | ||
| Q2 25 | $35.4M | $86.6M | ||
| Q1 25 | — | $-18.8M | ||
| Q4 24 | $126.9M | $-31.4M | ||
| Q3 24 | $101.0M | $11.2M | ||
| Q2 24 | $83.0M | $56.1M | ||
| Q1 24 | $44.5M | $-114.0M |
| Q4 25 | $70.3M | $83.0M | ||
| Q3 25 | $37.4M | $80.7M | ||
| Q2 25 | $28.1M | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | $102.2M | $-96.0M | ||
| Q3 24 | $90.4M | $-37.9M | ||
| Q2 24 | $74.0M | $-10.1M | ||
| Q1 24 | $37.1M | $-251.5M |
| Q4 25 | 9.7% | 9.4% | ||
| Q3 25 | 5.2% | 9.0% | ||
| Q2 25 | 4.1% | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | 15.2% | -11.8% | ||
| Q3 24 | 13.4% | -4.6% | ||
| Q2 24 | 10.5% | -1.4% | ||
| Q1 24 | 5.4% | -34.1% |
| Q4 25 | 1.5% | 5.5% | ||
| Q3 25 | 1.3% | 6.3% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | 3.7% | 8.0% | ||
| Q3 24 | 1.6% | 5.9% | ||
| Q2 24 | 1.3% | 9.1% | ||
| Q1 24 | 1.1% | 18.6% |
| Q4 25 | 1.49× | 3.64× | ||
| Q3 25 | 0.70× | 2.66× | ||
| Q2 25 | 0.53× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | 2.36× | -0.95× | ||
| Q3 24 | 1.48× | 0.39× | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
