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Side-by-side financial comparison of ESAB Corp (ESAB) and Rithm Capital Corp. (RITM). Click either name above to swap in a different company.
Rithm Capital Corp. is the larger business by last-quarter revenue ($828.2M vs $727.8M, roughly 1.1× ESAB Corp). Rithm Capital Corp. runs the higher net margin — 13.2% vs 7.5%, a 5.7% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -40.0%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -17.9%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
ESAB vs RITM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $828.2M |
| Net Profit | $54.8M | $109.5M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 7.5% | 13.2% |
| Revenue YoY | 8.5% | -40.0% |
| Net Profit YoY | 2.1% | 20.9% |
| EPS (diluted) | $0.90 | $0.12 |
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.
| Q1 26 | — | $828.2M | ||
| Q4 25 | $727.8M | $1.5B | ||
| Q3 25 | $715.6M | $1.1B | ||
| Q2 25 | $678.1M | $1.2B | ||
| Q1 25 | — | $768.4M | ||
| Q4 24 | $670.8M | $2.1B | ||
| Q3 24 | $673.3M | $619.5M | ||
| Q2 24 | $707.1M | $1.2B |
| Q1 26 | — | $109.5M | ||
| Q4 25 | $54.8M | $85.0M | ||
| Q3 25 | $66.9M | $221.5M | ||
| Q2 25 | $67.4M | $311.7M | ||
| Q1 25 | — | $78.8M | ||
| Q4 24 | $53.7M | $290.2M | ||
| Q3 24 | $68.2M | $121.7M | ||
| Q2 24 | $82.9M | $235.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 14.6% | 13.8% | ||
| Q3 25 | 15.2% | 21.4% | ||
| Q2 25 | 16.2% | 25.2% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 16.6% | 23.8% | ||
| Q3 24 | 15.7% | 7.3% | ||
| Q2 24 | 16.9% | 23.6% |
| Q1 26 | — | 13.2% | ||
| Q4 25 | 7.5% | 5.7% | ||
| Q3 25 | 9.3% | 20.0% | ||
| Q2 25 | 9.9% | 25.6% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | 8.0% | 14.0% | ||
| Q3 24 | 10.1% | 19.7% | ||
| Q2 24 | 11.7% | 19.2% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.90 | $0.09 | ||
| Q3 25 | $1.09 | $0.35 | ||
| Q2 25 | $1.10 | $0.53 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | $0.87 | $0.50 | ||
| Q3 24 | $1.11 | $0.20 | ||
| Q2 24 | $1.35 | $0.43 |
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 | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $9.1B |
| Total Assets | $4.9B | $53.4B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.2M | $1.8B | ||
| Q3 25 | $258.2M | $1.6B | ||
| Q2 25 | $291.3M | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $249.4M | $1.5B | ||
| Q3 24 | $253.7M | $1.6B | ||
| Q2 24 | $228.5M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $35.4B | ||
| Q3 25 | $1.1B | $32.2B | ||
| Q2 25 | $1.1B | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | $1.1B | $32.6B | ||
| Q3 24 | $1.1B | $29.6B | ||
| Q2 24 | $1.1B | $30.1B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.1B | $8.4B | ||
| Q3 25 | $2.1B | $8.5B | ||
| Q2 25 | $1.9B | $7.9B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | $1.8B | $7.8B | ||
| Q3 24 | $1.8B | $7.7B | ||
| Q2 24 | $1.7B | $7.3B |
| Q1 26 | — | $53.4B | ||
| Q4 25 | $4.9B | $53.1B | ||
| Q3 25 | $4.4B | $47.2B | ||
| Q2 25 | $4.2B | $44.3B | ||
| Q1 25 | — | $45.3B | ||
| Q4 24 | $4.0B | $46.0B | ||
| Q3 24 | $4.1B | $42.3B | ||
| Q2 24 | $4.0B | $42.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 4.20× | ||
| Q3 25 | 0.51× | 3.79× | ||
| Q2 25 | 0.55× | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | 0.60× | 4.18× | ||
| Q3 24 | 0.59× | 3.87× | ||
| Q2 24 | 0.63× | 4.10× |
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 | — |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $81.5M | $-114.6M | ||
| Q3 25 | $46.6M | $-2.0B | ||
| Q2 25 | $35.4M | $-557.1M | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $126.9M | $-1.8B | ||
| Q3 24 | $101.0M | $768.1M | ||
| Q2 24 | $83.0M | $-55.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.49× | -1.35× | ||
| Q3 25 | 0.70× | -9.22× | ||
| Q2 25 | 0.53× | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | 2.36× | -6.04× | ||
| Q3 24 | 1.48× | 6.31× | ||
| Q2 24 | 1.00× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
