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Side-by-side financial comparison of ESAB Corp (ESAB) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $661.7M, roughly 1.1× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 7.5%, a 26.6% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
ESAB vs SSB — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $661.7M |
| Net Profit | $54.8M | $225.8M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 15.1% |
| Net Margin | 7.5% | 34.1% |
| Revenue YoY | 8.5% | — |
| Net Profit YoY | 2.1% | 153.5% |
| EPS (diluted) | $0.90 | $2.28 |
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 | — | $661.7M | ||
| Q4 25 | $727.8M | $581.1M | ||
| Q3 25 | $715.6M | $599.7M | ||
| Q2 25 | $678.1M | $577.9M | ||
| Q1 25 | — | $544.5M | ||
| Q4 24 | $670.8M | $369.8M | ||
| Q3 24 | $673.3M | $351.5M | ||
| Q2 24 | $707.1M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $54.8M | $247.7M | ||
| Q3 25 | $66.9M | $246.6M | ||
| Q2 25 | $67.4M | $215.2M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $53.7M | $144.2M | ||
| Q3 24 | $68.2M | $143.2M | ||
| Q2 24 | $82.9M | $132.4M |
| 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 | — | 15.1% | ||
| Q4 25 | 14.6% | 54.3% | ||
| Q3 25 | 15.2% | 53.6% | ||
| Q2 25 | 16.2% | 48.8% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | 16.6% | 50.7% | ||
| Q3 24 | 15.7% | 53.1% | ||
| Q2 24 | 16.9% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 7.5% | 42.6% | ||
| Q3 25 | 9.3% | 41.1% | ||
| Q2 25 | 9.9% | 37.2% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | 8.0% | 39.0% | ||
| Q3 24 | 10.1% | 40.7% | ||
| Q2 24 | 11.7% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $0.90 | $2.47 | ||
| Q3 25 | $1.09 | $2.42 | ||
| Q2 25 | $1.10 | $2.11 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | $0.87 | $1.88 | ||
| Q3 24 | $1.11 | $1.86 | ||
| Q2 24 | $1.35 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $9.0B |
| Total Assets | $4.9B | $68.0B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | — | ||
| Q2 25 | $291.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $249.4M | — | ||
| Q3 24 | $253.7M | — | ||
| Q2 24 | $228.5M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $9.0B | ||
| Q4 25 | $2.1B | $9.1B | ||
| Q3 25 | $2.1B | $9.0B | ||
| Q2 25 | $1.9B | $8.8B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | $1.8B | $5.9B | ||
| Q3 24 | $1.8B | $5.9B | ||
| Q2 24 | $1.7B | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $4.9B | $67.2B | ||
| Q3 25 | $4.4B | $66.0B | ||
| Q2 25 | $4.2B | $65.9B | ||
| Q1 25 | — | $65.1B | ||
| Q4 24 | $4.0B | $46.4B | ||
| Q3 24 | $4.1B | $46.1B | ||
| Q2 24 | $4.0B | $45.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $232.1M | ||
| Q3 25 | $46.6M | $122.4M | ||
| Q2 25 | $35.4M | $72.6M | ||
| Q1 25 | — | $-126.3M | ||
| Q4 24 | $126.9M | $354.3M | ||
| Q3 24 | $101.0M | $-246.8M | ||
| Q2 24 | $83.0M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $215.5M | ||
| Q3 25 | $37.4M | $101.7M | ||
| Q2 25 | $28.1M | $52.5M | ||
| Q1 25 | — | $-139.1M | ||
| Q4 24 | $102.2M | $340.9M | ||
| Q3 24 | $90.4M | $-254.2M | ||
| Q2 24 | $74.0M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 37.1% | ||
| Q3 25 | 5.2% | 17.0% | ||
| Q2 25 | 4.1% | 9.1% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | 15.2% | 92.2% | ||
| Q3 24 | 13.4% | -72.3% | ||
| Q2 24 | 10.5% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 2.9% | ||
| Q3 25 | 1.3% | 3.5% | ||
| Q2 25 | 1.1% | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 3.7% | 3.6% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 1.3% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 0.94× | ||
| Q3 25 | 0.70× | 0.50× | ||
| Q2 25 | 0.53× | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 2.36× | 2.46× | ||
| Q3 24 | 1.48× | -1.72× | ||
| Q2 24 | 1.00× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
