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Side-by-side financial comparison of ESAB Corp (ESAB) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.
StoneX Group Inc. is the larger business by last-quarter revenue ($1.2B vs $727.8M, roughly 1.6× ESAB Corp). StoneX Group Inc. runs the higher net margin — 11.6% vs 7.5%, a 4.0% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
ESAB vs SNEX — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.2B |
| Net Profit | $54.8M | $139.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 15.4% |
| Net Margin | 7.5% | 11.6% |
| Revenue YoY | 8.5% | 81.0% |
| Net Profit YoY | 2.1% | 63.3% |
| EPS (diluted) | $0.90 | $2.50 |
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 | $1.2B | ||
| Q3 25 | $715.6M | $32.7B | ||
| Q2 25 | $678.1M | $851.2M | ||
| Q1 25 | — | $820.4M | ||
| Q4 24 | $670.8M | $663.1M | ||
| Q3 24 | $673.3M | $31.1B | ||
| Q2 24 | $707.1M | $571.8M | ||
| Q1 24 | $689.7M | $509.2M |
| Q4 25 | $54.8M | $139.0M | ||
| Q3 25 | $66.9M | $85.7M | ||
| Q2 25 | $67.4M | $63.4M | ||
| Q1 25 | — | $71.7M | ||
| Q4 24 | $53.7M | $85.1M | ||
| Q3 24 | $68.2M | $76.7M | ||
| Q2 24 | $82.9M | $61.9M | ||
| Q1 24 | $60.0M | $53.1M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | 3.7% | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | 3.0% | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | 15.4% | ||
| Q3 25 | 15.2% | 0.3% | ||
| Q2 25 | 16.2% | -1.3% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | 16.6% | -3.2% | ||
| Q3 24 | 15.7% | -0.0% | ||
| Q2 24 | 16.9% | -4.7% | ||
| Q1 24 | 16.0% | -2.5% |
| Q4 25 | 7.5% | 11.6% | ||
| Q3 25 | 9.3% | 0.3% | ||
| Q2 25 | 9.9% | 7.4% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | 8.0% | 12.8% | ||
| Q3 24 | 10.1% | 0.2% | ||
| Q2 24 | 11.7% | 10.8% | ||
| Q1 24 | 8.7% | 10.4% |
| Q4 25 | $0.90 | $2.50 | ||
| Q3 25 | $1.09 | $0.72 | ||
| Q2 25 | $1.10 | $1.22 | ||
| Q1 25 | — | $1.41 | ||
| Q4 24 | $0.87 | $1.69 | ||
| Q3 24 | $1.11 | $2.32 | ||
| Q2 24 | $1.35 | $1.25 | ||
| Q1 24 | $0.98 | $1.09 |
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 | $1.6B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.5B |
| Total Assets | $4.9B | $47.8B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $1.6B | ||
| Q3 25 | $258.2M | $1.6B | ||
| Q2 25 | $291.3M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $249.4M | $1.4B | ||
| Q3 24 | $253.7M | $1.3B | ||
| Q2 24 | $228.5M | $1.2B | ||
| Q1 24 | $76.5M | $1.3B |
| 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 | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
| Q4 25 | $4.9B | $47.8B | ||
| Q3 25 | $4.4B | $45.3B | ||
| Q2 25 | $4.2B | $34.3B | ||
| Q1 25 | — | $31.3B | ||
| Q4 24 | $4.0B | $29.6B | ||
| Q3 24 | $4.1B | $27.5B | ||
| Q2 24 | $4.0B | $25.9B | ||
| Q1 24 | $3.8B | $25.7B |
| 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 | $-1.3B |
| Free Cash FlowOCF − Capex | $70.3M | $-1.3B |
| FCF MarginFCF / Revenue | 9.7% | -106.4% |
| Capex IntensityCapex / Revenue | 1.5% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.49× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $-1.3B | ||
| Q3 25 | $46.6M | $3.5B | ||
| Q2 25 | $35.4M | $1.5B | ||
| Q1 25 | — | $-154.5M | ||
| Q4 24 | $126.9M | $-477.8M | ||
| Q3 24 | $101.0M | $192.6M | ||
| Q2 24 | $83.0M | $-622.1M | ||
| Q1 24 | $44.5M | $784.0M |
| Q4 25 | $70.3M | $-1.3B | ||
| Q3 25 | $37.4M | $3.5B | ||
| Q2 25 | $28.1M | $1.5B | ||
| Q1 25 | — | $-169.8M | ||
| Q4 24 | $102.2M | $-491.4M | ||
| Q3 24 | $90.4M | $175.9M | ||
| Q2 24 | $74.0M | $-640.5M | ||
| Q1 24 | $37.1M | $766.6M |
| Q4 25 | 9.7% | -106.4% | ||
| Q3 25 | 5.2% | 10.7% | ||
| Q2 25 | 4.1% | 173.3% | ||
| Q1 25 | — | -20.7% | ||
| Q4 24 | 15.2% | -74.1% | ||
| Q3 24 | 13.4% | 0.6% | ||
| Q2 24 | 10.5% | -112.0% | ||
| Q1 24 | 5.4% | 150.5% |
| Q4 25 | 1.5% | 1.3% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 1.1% | 1.9% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 3.7% | 2.1% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.3% | 3.2% | ||
| Q1 24 | 1.1% | 3.4% |
| Q4 25 | 1.49× | -9.08× | ||
| Q3 25 | 0.70× | 41.18× | ||
| Q2 25 | 0.53× | 23.52× | ||
| Q1 25 | — | -2.15× | ||
| Q4 24 | 2.36× | -5.61× | ||
| Q3 24 | 1.48× | 2.51× | ||
| Q2 24 | 1.00× | -10.05× | ||
| Q1 24 | 0.74× | 14.76× |
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% |
SNEX
Segment breakdown not available.
