vs
Side-by-side financial comparison of ESAB Corp (ESAB) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $376.9M, roughly 1.9× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
ESAB vs TRUP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $376.9M |
| Net Profit | $54.8M | — |
| Gross Margin | 37.0% | 17.3% |
| Operating Margin | 14.6% | 1.9% |
| Net Margin | 7.5% | — |
| Revenue YoY | 8.5% | 11.7% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $715.6M | $366.9M | ||
| Q2 25 | $678.1M | $353.6M | ||
| Q1 25 | — | $342.0M | ||
| Q4 24 | $670.8M | $337.3M | ||
| Q3 24 | $673.3M | $327.5M | ||
| Q2 24 | $707.1M | $314.8M | ||
| Q1 24 | $689.7M | $306.1M |
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | — | ||
| Q2 25 | $67.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $53.7M | — | ||
| Q3 24 | $68.2M | — | ||
| Q2 24 | $82.9M | — | ||
| Q1 24 | $60.0M | — |
| Q4 25 | 37.0% | 17.3% | ||
| Q3 25 | 37.2% | 16.4% | ||
| Q2 25 | 37.6% | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | 38.5% | 15.7% | ||
| Q3 24 | 37.7% | 15.1% | ||
| Q2 24 | 38.2% | 12.8% | ||
| Q1 24 | 37.0% | 11.8% |
| Q4 25 | 14.6% | 1.9% | ||
| Q3 25 | 15.2% | 1.6% | ||
| Q2 25 | 16.2% | 0.7% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | 16.6% | 0.1% | ||
| Q3 24 | 15.7% | 0.5% | ||
| Q2 24 | 16.9% | -1.7% | ||
| Q1 24 | 16.0% | -2.0% |
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.7% | — |
| Q4 25 | $0.90 | $0.13 | ||
| Q3 25 | $1.09 | $0.13 | ||
| Q2 25 | $1.10 | $0.22 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | $0.87 | $0.04 | ||
| Q3 24 | $1.11 | $0.03 | ||
| Q2 24 | $1.35 | $-0.14 | ||
| Q1 24 | $0.98 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $1.3B | $101.8M |
| Stockholders' EquityBook value | $2.1B | $383.9M |
| Total Assets | $4.9B | $915.0M |
| Debt / EquityLower = less leverage | 0.63× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $370.7M | ||
| Q3 25 | $258.2M | $348.5M | ||
| Q2 25 | $291.3M | $319.6M | ||
| Q1 25 | — | $321.8M | ||
| Q4 24 | $249.4M | $307.4M | ||
| Q3 24 | $253.7M | $293.1M | ||
| Q2 24 | $228.5M | $277.2M | ||
| Q1 24 | $76.5M | $275.2M |
| Q4 25 | $1.3B | $101.8M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $127.5M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $383.9M | ||
| Q3 25 | $2.1B | $368.6M | ||
| Q2 25 | $1.9B | $355.5M | ||
| Q1 25 | — | $333.7M | ||
| Q4 24 | $1.8B | $323.3M | ||
| Q3 24 | $1.8B | $320.2M | ||
| Q2 24 | $1.7B | $305.8M | ||
| Q1 24 | $1.6B | $303.4M |
| Q4 25 | $4.9B | $915.0M | ||
| Q3 25 | $4.4B | $880.2M | ||
| Q2 25 | $4.2B | $847.8M | ||
| Q1 25 | — | $837.2M | ||
| Q4 24 | $4.0B | $806.9M | ||
| Q3 24 | $4.1B | $816.1M | ||
| Q2 24 | $4.0B | $795.9M | ||
| Q1 24 | $3.8B | $789.5M |
| Q4 25 | 0.63× | 0.27× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $70.3M | $25.3M |
| FCF MarginFCF / Revenue | 9.7% | 6.7% |
| Capex IntensityCapex / Revenue | 1.5% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $29.3M | ||
| Q3 25 | $46.6M | $29.2M | ||
| Q2 25 | $35.4M | $15.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | $126.9M | $23.7M | ||
| Q3 24 | $101.0M | $15.3M | ||
| Q2 24 | $83.0M | $6.9M | ||
| Q1 24 | $44.5M | $2.4M |
| Q4 25 | $70.3M | $25.3M | ||
| Q3 25 | $37.4M | $23.9M | ||
| Q2 25 | $28.1M | $12.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | $102.2M | $21.8M | ||
| Q3 24 | $90.4M | $13.4M | ||
| Q2 24 | $74.0M | $4.0M | ||
| Q1 24 | $37.1M | $-631.0K |
| Q4 25 | 9.7% | 6.7% | ||
| Q3 25 | 5.2% | 6.5% | ||
| Q2 25 | 4.1% | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | 15.2% | 6.5% | ||
| Q3 24 | 13.4% | 4.1% | ||
| Q2 24 | 10.5% | 1.3% | ||
| Q1 24 | 5.4% | -0.2% |
| Q4 25 | 1.5% | 1.0% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 3.7% | 0.6% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 1.3% | 0.9% | ||
| Q1 24 | 1.1% | 1.0% |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | — |
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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
