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Side-by-side financial comparison of ESAB Corp (ESAB) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.

ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $411.0M, roughly 1.8× TripAdvisor, Inc.). ESAB Corp runs the higher net margin — 7.5% vs -9.2%, a 16.8% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 0.0%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-122.0M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 2.0%).

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

Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

ESAB vs TRIP — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.8× larger
ESAB
$727.8M
$411.0M
TRIP
Growing faster (revenue YoY)
ESAB
ESAB
+8.5% gap
ESAB
8.5%
0.0%
TRIP
Higher net margin
ESAB
ESAB
16.8% more per $
ESAB
7.5%
-9.2%
TRIP
More free cash flow
ESAB
ESAB
$192.3M more FCF
ESAB
$70.3M
$-122.0M
TRIP
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
2.0%
TRIP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ESAB
ESAB
TRIP
TRIP
Revenue
$727.8M
$411.0M
Net Profit
$54.8M
$-38.0M
Gross Margin
37.0%
91.5%
Operating Margin
14.6%
-8.3%
Net Margin
7.5%
-9.2%
Revenue YoY
8.5%
0.0%
Net Profit YoY
2.1%
-3900.0%
EPS (diluted)
$0.90
$-0.32

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
TRIP
TRIP
Q4 25
$727.8M
$411.0M
Q3 25
$715.6M
$553.0M
Q2 25
$678.1M
$529.0M
Q1 25
$398.0M
Q4 24
$670.8M
$411.0M
Q3 24
$673.3M
$532.0M
Q2 24
$707.1M
$497.0M
Q1 24
$689.7M
$395.0M
Net Profit
ESAB
ESAB
TRIP
TRIP
Q4 25
$54.8M
$-38.0M
Q3 25
$66.9M
$53.0M
Q2 25
$67.4M
$36.0M
Q1 25
$-11.0M
Q4 24
$53.7M
$1.0M
Q3 24
$68.2M
$39.0M
Q2 24
$82.9M
$24.0M
Q1 24
$60.0M
$-59.0M
Gross Margin
ESAB
ESAB
TRIP
TRIP
Q4 25
37.0%
91.5%
Q3 25
37.2%
92.6%
Q2 25
37.6%
92.1%
Q1 25
93.2%
Q4 24
38.5%
93.4%
Q3 24
37.7%
92.5%
Q2 24
38.2%
92.8%
Q1 24
37.0%
93.7%
Operating Margin
ESAB
ESAB
TRIP
TRIP
Q4 25
14.6%
-8.3%
Q3 25
15.2%
12.7%
Q2 25
16.2%
11.2%
Q1 25
-3.8%
Q4 24
16.6%
0.2%
Q3 24
15.7%
13.2%
Q2 24
16.9%
7.2%
Q1 24
16.0%
-3.8%
Net Margin
ESAB
ESAB
TRIP
TRIP
Q4 25
7.5%
-9.2%
Q3 25
9.3%
9.6%
Q2 25
9.9%
6.8%
Q1 25
-2.8%
Q4 24
8.0%
0.2%
Q3 24
10.1%
7.3%
Q2 24
11.7%
4.8%
Q1 24
8.7%
-14.9%
EPS (diluted)
ESAB
ESAB
TRIP
TRIP
Q4 25
$0.90
$-0.32
Q3 25
$1.09
$0.43
Q2 25
$1.10
$0.28
Q1 25
$-0.08
Q4 24
$0.87
$0.03
Q3 24
$1.11
$0.27
Q2 24
$1.35
$0.17
Q1 24
$0.98
$-0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESAB
ESAB
TRIP
TRIP
Cash + ST InvestmentsLiquidity on hand
$218.2M
$1.0B
Total DebtLower is stronger
$1.3B
$819.0M
Stockholders' EquityBook value
$2.1B
$645.0M
Total Assets
$4.9B
$2.6B
Debt / EquityLower = less leverage
0.63×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
TRIP
TRIP
Q4 25
$218.2M
$1.0B
Q3 25
$258.2M
$1.2B
Q2 25
$291.3M
$1.2B
Q1 25
$1.2B
Q4 24
$249.4M
$1.1B
Q3 24
$253.7M
$1.1B
Q2 24
$228.5M
$1.2B
Q1 24
$76.5M
$1.2B
Total Debt
ESAB
ESAB
TRIP
TRIP
Q4 25
$1.3B
$819.0M
Q3 25
$1.1B
$821.0M
Q2 25
$1.1B
$822.0M
Q1 25
$1.2B
Q4 24
$1.1B
$831.0M
Q3 24
$1.1B
$832.0M
Q2 24
$1.1B
Q1 24
$992.8M
Stockholders' Equity
ESAB
ESAB
TRIP
TRIP
Q4 25
$2.1B
$645.0M
Q3 25
$2.1B
$707.0M
Q2 25
$1.9B
$627.0M
Q1 25
$643.0M
Q4 24
$1.8B
$943.0M
Q3 24
$1.8B
$944.0M
Q2 24
$1.7B
$857.0M
Q1 24
$1.6B
$825.0M
Total Assets
ESAB
ESAB
TRIP
TRIP
Q4 25
$4.9B
$2.6B
Q3 25
$4.4B
$2.8B
Q2 25
$4.2B
$2.9B
Q1 25
$2.8B
Q4 24
$4.0B
$2.6B
Q3 24
$4.1B
$2.7B
Q2 24
$4.0B
$2.8B
Q1 24
$3.8B
$2.7B
Debt / Equity
ESAB
ESAB
TRIP
TRIP
Q4 25
0.63×
1.27×
Q3 25
0.51×
1.16×
Q2 25
0.55×
1.31×
Q1 25
1.81×
Q4 24
0.60×
0.88×
Q3 24
0.59×
0.88×
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
ESAB
ESAB
TRIP
TRIP
Operating Cash FlowLast quarter
$81.5M
$-103.0M
Free Cash FlowOCF − Capex
$70.3M
$-122.0M
FCF MarginFCF / Revenue
9.7%
-29.7%
Capex IntensityCapex / Revenue
1.5%
4.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$238.0M
$163.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESAB
ESAB
TRIP
TRIP
Q4 25
$81.5M
$-103.0M
Q3 25
$46.6M
$44.0M
Q2 25
$35.4M
$202.0M
Q1 25
$102.0M
Q4 24
$126.9M
$-3.0M
Q3 24
$101.0M
$-43.0M
Q2 24
$83.0M
$51.0M
Q1 24
$44.5M
$139.0M
Free Cash Flow
ESAB
ESAB
TRIP
TRIP
Q4 25
$70.3M
$-122.0M
Q3 25
$37.4M
$25.0M
Q2 25
$28.1M
$177.0M
Q1 25
$83.0M
Q4 24
$102.2M
$-26.0M
Q3 24
$90.4M
$-63.0M
Q2 24
$74.0M
$36.0M
Q1 24
$37.1M
$123.0M
FCF Margin
ESAB
ESAB
TRIP
TRIP
Q4 25
9.7%
-29.7%
Q3 25
5.2%
4.5%
Q2 25
4.1%
33.5%
Q1 25
20.9%
Q4 24
15.2%
-6.3%
Q3 24
13.4%
-11.8%
Q2 24
10.5%
7.2%
Q1 24
5.4%
31.1%
Capex Intensity
ESAB
ESAB
TRIP
TRIP
Q4 25
1.5%
4.6%
Q3 25
1.3%
3.4%
Q2 25
1.1%
4.7%
Q1 25
4.8%
Q4 24
3.7%
5.6%
Q3 24
1.6%
3.8%
Q2 24
1.3%
3.0%
Q1 24
1.1%
4.1%
Cash Conversion
ESAB
ESAB
TRIP
TRIP
Q4 25
1.49×
Q3 25
0.70×
0.83×
Q2 25
0.53×
5.61×
Q1 25
Q4 24
2.36×
-3.00×
Q3 24
1.48×
-1.10×
Q2 24
1.00×
2.13×
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%

TRIP
TRIP

Third Party$327.0M80%
The Fork$58.0M14%
Other$26.0M6%

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