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Side-by-side financial comparison of ESAB Corp (ESAB) and Seneca Foods Corp (SENEB). Click either name above to swap in a different company.

ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $508.3M, roughly 1.4× Seneca Foods Corp). Seneca Foods Corp runs the higher net margin — 8.8% vs 7.5%, a 1.3% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 1.1%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $22.9M). Over the past eight quarters, Seneca Foods Corp's revenue compounded faster (77.1% CAGR vs 2.8%).

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

Seneca Foods Corporation is an American food processor and distributor headquartered in Fairport, New York, United States. Seneca Foods Corporation conducts its business almost entirely in food packaging, which contributed to about 98% of the company's fiscal year net sales in 2017. Canned vegetables represented 65%, fruit products represented 23%, frozen fruit and vegetables represented 11% and fruit chip products represented 1% of the total food packaging net sales. Non-food packaging sales...

ESAB vs SENEB — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.4× larger
ESAB
$727.8M
$508.3M
SENEB
Growing faster (revenue YoY)
ESAB
ESAB
+7.4% gap
ESAB
8.5%
1.1%
SENEB
Higher net margin
SENEB
SENEB
1.3% more per $
SENEB
8.8%
7.5%
ESAB
More free cash flow
ESAB
ESAB
$47.4M more FCF
ESAB
$70.3M
$22.9M
SENEB
Faster 2-yr revenue CAGR
SENEB
SENEB
Annualised
SENEB
77.1%
2.8%
ESAB

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ESAB
ESAB
SENEB
SENEB
Revenue
$727.8M
$508.3M
Net Profit
$54.8M
$44.8M
Gross Margin
37.0%
16.4%
Operating Margin
14.6%
11.8%
Net Margin
7.5%
8.8%
Revenue YoY
8.5%
1.1%
Net Profit YoY
2.1%
205.4%
EPS (diluted)
$0.90
$6.48

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
SENEB
SENEB
Q4 25
$727.8M
$508.3M
Q3 25
$715.6M
$460.0M
Q2 25
$678.1M
$297.5M
Q1 25
$345.8M
Q4 24
$670.8M
$502.9M
Q3 24
$673.3M
$425.5M
Q2 24
$707.1M
$304.7M
Q1 24
$689.7M
$162.2M
Net Profit
ESAB
ESAB
SENEB
SENEB
Q4 25
$54.8M
$44.8M
Q3 25
$66.9M
$29.7M
Q2 25
$67.4M
$14.9M
Q1 25
$601.0K
Q4 24
$53.7M
$14.7M
Q3 24
$68.2M
$13.3M
Q2 24
$82.9M
$12.7M
Q1 24
$60.0M
Gross Margin
ESAB
ESAB
SENEB
SENEB
Q4 25
37.0%
16.4%
Q3 25
37.2%
13.4%
Q2 25
37.6%
14.1%
Q1 25
4.5%
Q4 24
38.5%
9.8%
Q3 24
37.7%
10.1%
Q2 24
38.2%
14.0%
Q1 24
37.0%
Operating Margin
ESAB
ESAB
SENEB
SENEB
Q4 25
14.6%
11.8%
Q3 25
15.2%
9.0%
Q2 25
16.2%
7.8%
Q1 25
0.6%
Q4 24
16.6%
5.1%
Q3 24
15.7%
5.8%
Q2 24
16.9%
8.3%
Q1 24
16.0%
2.5%
Net Margin
ESAB
ESAB
SENEB
SENEB
Q4 25
7.5%
8.8%
Q3 25
9.3%
6.5%
Q2 25
9.9%
5.0%
Q1 25
0.2%
Q4 24
8.0%
2.9%
Q3 24
10.1%
3.1%
Q2 24
11.7%
4.2%
Q1 24
8.7%
EPS (diluted)
ESAB
ESAB
SENEB
SENEB
Q4 25
$0.90
$6.48
Q3 25
$1.09
$4.29
Q2 25
$1.10
$2.14
Q1 25
$0.10
Q4 24
$0.87
$2.10
Q3 24
$1.11
$1.90
Q2 24
$1.35
$1.80
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
SENEB
SENEB
Cash + ST InvestmentsLiquidity on hand
$218.2M
$33.3M
Total DebtLower is stronger
$1.3B
$275.8M
Stockholders' EquityBook value
$2.1B
$713.9M
Total Assets
$4.9B
$1.2B
Debt / EquityLower = less leverage
0.63×
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
SENEB
SENEB
Q4 25
$218.2M
$33.3M
Q3 25
$258.2M
$18.1M
Q2 25
$291.3M
$12.1M
Q1 25
$42.7M
Q4 24
$249.4M
$5.3M
Q3 24
$253.7M
$9.5M
Q2 24
$228.5M
$5.5M
Q1 24
$76.5M
$4.5M
Total Debt
ESAB
ESAB
SENEB
SENEB
Q4 25
$1.3B
$275.8M
Q3 25
$1.1B
$280.2M
Q2 25
$1.1B
$293.9M
Q1 25
$369.9M
Q4 24
$1.1B
$416.2M
Q3 24
$1.1B
$504.6M
Q2 24
$1.1B
$572.1M
Q1 24
$992.8M
$604.8M
Stockholders' Equity
ESAB
ESAB
SENEB
SENEB
Q4 25
$2.1B
$713.9M
Q3 25
$2.1B
$672.9M
Q2 25
$1.9B
$644.2M
Q1 25
$633.0M
Q4 24
$1.8B
$612.8M
Q3 24
$1.8B
$598.9M
Q2 24
$1.7B
$588.9M
Q1 24
$1.6B
$582.9M
Total Assets
ESAB
ESAB
SENEB
SENEB
Q4 25
$4.9B
$1.2B
Q3 25
$4.4B
$1.4B
Q2 25
$4.2B
$1.2B
Q1 25
$1.2B
Q4 24
$4.0B
$1.2B
Q3 24
$4.1B
$1.5B
Q2 24
$4.0B
$1.4B
Q1 24
$3.8B
$1.4B
Debt / Equity
ESAB
ESAB
SENEB
SENEB
Q4 25
0.63×
0.39×
Q3 25
0.51×
0.42×
Q2 25
0.55×
0.46×
Q1 25
0.58×
Q4 24
0.60×
0.68×
Q3 24
0.59×
0.84×
Q2 24
0.63×
0.97×
Q1 24
0.61×
1.04×

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
SENEB
SENEB
Operating Cash FlowLast quarter
$81.5M
$31.1M
Free Cash FlowOCF − Capex
$70.3M
$22.9M
FCF MarginFCF / Revenue
9.7%
4.5%
Capex IntensityCapex / Revenue
1.5%
1.6%
Cash ConversionOCF / Net Profit
1.49×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$238.0M
$168.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
SENEB
SENEB
Q4 25
$81.5M
$31.1M
Q3 25
$46.6M
$29.3M
Q2 25
$35.4M
$53.7M
Q1 25
$91.9M
Q4 24
$126.9M
$117.7M
Q3 24
$101.0M
$75.5M
Q2 24
$83.0M
$50.3M
Q1 24
$44.5M
Free Cash Flow
ESAB
ESAB
SENEB
SENEB
Q4 25
$70.3M
$22.9M
Q3 25
$37.4M
$21.8M
Q2 25
$28.1M
$42.4M
Q1 25
$81.4M
Q4 24
$102.2M
$108.7M
Q3 24
$90.4M
$70.0M
Q2 24
$74.0M
$38.3M
Q1 24
$37.1M
FCF Margin
ESAB
ESAB
SENEB
SENEB
Q4 25
9.7%
4.5%
Q3 25
5.2%
4.7%
Q2 25
4.1%
14.3%
Q1 25
23.5%
Q4 24
15.2%
21.6%
Q3 24
13.4%
16.4%
Q2 24
10.5%
12.6%
Q1 24
5.4%
Capex Intensity
ESAB
ESAB
SENEB
SENEB
Q4 25
1.5%
1.6%
Q3 25
1.3%
1.6%
Q2 25
1.1%
3.8%
Q1 25
3.0%
Q4 24
3.7%
1.8%
Q3 24
1.6%
1.3%
Q2 24
1.3%
4.0%
Q1 24
1.1%
Cash Conversion
ESAB
ESAB
SENEB
SENEB
Q4 25
1.49×
0.70×
Q3 25
0.70×
0.99×
Q2 25
0.53×
3.61×
Q1 25
152.87×
Q4 24
2.36×
8.03×
Q3 24
1.48×
5.68×
Q2 24
1.00×
3.98×
Q1 24
0.74×

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%

SENEB
SENEB

Canned Vegetables$430.2M85%
Fruit$34.6M7%
Frozen$29.3M6%
Manufactured Product Other$10.8M2%
Snack$3.4M1%

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