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Side-by-side financial comparison of ESAB Corp (ESAB) and SM Energy Co (SM). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $704.9M, roughly 1.0× SM Energy Co). On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
ESAB vs SM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $704.9M |
| Net Profit | $54.8M | — |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 25.9% |
| Net Margin | 7.5% | — |
| Revenue YoY | 8.5% | -17.3% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $715.6M | $811.6M | ||
| Q2 25 | $678.1M | $792.9M | ||
| Q1 25 | — | $844.5M | ||
| Q4 24 | $670.8M | $852.0M | ||
| Q3 24 | $673.3M | $643.6M | ||
| Q2 24 | $707.1M | $634.6M | ||
| Q1 24 | $689.7M | $559.9M |
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $155.1M | ||
| Q2 25 | $67.4M | $201.7M | ||
| Q1 25 | — | $182.3M | ||
| Q4 24 | $53.7M | — | ||
| Q3 24 | $68.2M | $240.5M | ||
| Q2 24 | $82.9M | $210.3M | ||
| Q1 24 | $60.0M | $131.2M |
| 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% | — |
| Q4 25 | 14.6% | 25.9% | ||
| Q3 25 | 15.2% | 30.4% | ||
| Q2 25 | 16.2% | 37.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | 16.6% | 33.7% | ||
| Q3 24 | 15.7% | 51.4% | ||
| Q2 24 | 16.9% | 44.0% | ||
| Q1 24 | 16.0% | 31.9% |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | 19.1% | ||
| Q2 25 | 9.9% | 25.4% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 10.1% | 37.4% | ||
| Q2 24 | 11.7% | 33.1% | ||
| Q1 24 | 8.7% | 23.4% |
| Q4 25 | $0.90 | $0.94 | ||
| Q3 25 | $1.09 | $1.35 | ||
| Q2 25 | $1.10 | $1.76 | ||
| Q1 25 | — | $1.59 | ||
| Q4 24 | $0.87 | $1.63 | ||
| Q3 24 | $1.11 | $2.09 | ||
| Q2 24 | $1.35 | $1.82 | ||
| Q1 24 | $0.98 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $4.8B |
| Total Assets | $4.9B | $9.3B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $368.0M | ||
| Q3 25 | $258.2M | $162.3M | ||
| Q2 25 | $291.3M | $101.9M | ||
| Q1 25 | — | $54.0K | ||
| Q4 24 | $249.4M | — | ||
| Q3 24 | $253.7M | $1.7B | ||
| Q2 24 | $228.5M | $487.9M | ||
| Q1 24 | $76.5M | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $2.1B | $4.7B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.8B | $4.1B | ||
| Q2 24 | $1.7B | $3.8B | ||
| Q1 24 | $1.6B | $3.7B |
| Q4 25 | $4.9B | $9.3B | ||
| Q3 25 | $4.4B | $9.1B | ||
| Q2 25 | $4.2B | $9.0B | ||
| Q1 25 | — | $8.8B | ||
| Q4 24 | $4.0B | $8.6B | ||
| Q3 24 | $4.1B | $8.0B | ||
| Q2 24 | $4.0B | $6.7B | ||
| Q1 24 | $3.8B | $6.4B |
| 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 | $451.9M |
| 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.
| Q4 25 | $81.5M | $451.9M | ||
| Q3 25 | $46.6M | $505.0M | ||
| Q2 25 | $35.4M | $571.1M | ||
| Q1 25 | — | $483.0M | ||
| Q4 24 | $126.9M | $578.4M | ||
| Q3 24 | $101.0M | $452.3M | ||
| Q2 24 | $83.0M | $476.4M | ||
| Q1 24 | $44.5M | $276.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 3.26× | ||
| Q2 25 | 0.53× | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | 1.88× | ||
| Q2 24 | 1.00× | 2.27× | ||
| Q1 24 | 0.74× | 2.10× |
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% |
SM
Segment breakdown not available.
