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Side-by-side financial comparison of ESAB Corp (ESAB) and UNIVERSAL INSURANCE HOLDINGS, INC. (UVE). Click either name above to swap in a different company.

ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $393.6M, roughly 1.8× UNIVERSAL INSURANCE HOLDINGS, INC.). UNIVERSAL INSURANCE HOLDINGS, INC. runs the higher net margin — 13.8% vs 7.5%, a 6.3% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -0.3%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 1.7%).

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

New York Life Insurance Company (NYLIC), most commonly known as New York Life, is the second-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2025, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and r...

ESAB vs UVE — Head-to-Head

Bigger by revenue
ESAB
ESAB
1.8× larger
ESAB
$727.8M
$393.6M
UVE
Growing faster (revenue YoY)
ESAB
ESAB
+8.8% gap
ESAB
8.5%
-0.3%
UVE
Higher net margin
UVE
UVE
6.3% more per $
UVE
13.8%
7.5%
ESAB
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
2.8%
1.7%
UVE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ESAB
ESAB
UVE
UVE
Revenue
$727.8M
$393.6M
Net Profit
$54.8M
$54.3M
Gross Margin
37.0%
Operating Margin
14.6%
Net Margin
7.5%
13.8%
Revenue YoY
8.5%
-0.3%
Net Profit YoY
2.1%
31.0%
EPS (diluted)
$0.90
$1.88

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
UVE
UVE
Q1 26
$393.6M
Q4 25
$727.8M
$407.9M
Q3 25
$715.6M
$401.0M
Q2 25
$678.1M
$400.1M
Q1 25
$394.9M
Q4 24
$670.8M
$384.8M
Q3 24
$673.3M
$387.6M
Q2 24
$707.1M
$380.2M
Net Profit
ESAB
ESAB
UVE
UVE
Q1 26
$54.3M
Q4 25
$54.8M
$66.6M
Q3 25
$66.9M
$39.8M
Q2 25
$67.4M
$35.1M
Q1 25
$41.4M
Q4 24
$53.7M
$6.0M
Q3 24
$68.2M
$-16.2M
Q2 24
$82.9M
$35.4M
Gross Margin
ESAB
ESAB
UVE
UVE
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%
Operating Margin
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
14.6%
21.7%
Q3 25
15.2%
13.2%
Q2 25
16.2%
11.6%
Q1 25
14.0%
Q4 24
16.6%
1.9%
Q3 24
15.7%
-4.7%
Q2 24
16.9%
12.6%
Net Margin
ESAB
ESAB
UVE
UVE
Q1 26
13.8%
Q4 25
7.5%
16.3%
Q3 25
9.3%
9.9%
Q2 25
9.9%
8.8%
Q1 25
10.5%
Q4 24
8.0%
1.6%
Q3 24
10.1%
-4.2%
Q2 24
11.7%
9.3%
EPS (diluted)
ESAB
ESAB
UVE
UVE
Q1 26
$1.88
Q4 25
$0.90
$2.29
Q3 25
$1.09
$1.38
Q2 25
$1.10
$1.21
Q1 25
$1.44
Q4 24
$0.87
$0.23
Q3 24
$1.11
$-0.57
Q2 24
$1.35
$1.21

Balance Sheet & Financial Strength

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

Metric
ESAB
ESAB
UVE
UVE
Cash + ST InvestmentsLiquidity on hand
$218.2M
$595.8M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$2.1B
$584.7M
Total Assets
$4.9B
$2.8B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESAB
ESAB
UVE
UVE
Q1 26
$595.8M
Q4 25
$218.2M
$408.9M
Q3 25
$258.2M
$405.1M
Q2 25
$291.3M
$367.1M
Q1 25
$398.2M
Q4 24
$249.4M
$259.4M
Q3 24
$253.7M
$333.7M
Q2 24
$228.5M
$283.3M
Total Debt
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
$1.3B
$100.5M
Q3 25
$1.1B
$100.7M
Q2 25
$1.1B
$100.9M
Q1 25
$101.1M
Q4 24
$1.1B
$101.2M
Q3 24
$1.1B
$101.4M
Q2 24
$1.1B
$101.6M
Stockholders' Equity
ESAB
ESAB
UVE
UVE
Q1 26
$584.7M
Q4 25
$2.1B
$551.0M
Q3 25
$2.1B
$495.0M
Q2 25
$1.9B
$457.8M
Q1 25
$422.4M
Q4 24
$1.8B
$373.3M
Q3 24
$1.8B
$400.2M
Q2 24
$1.7B
$393.2M
Total Assets
ESAB
ESAB
UVE
UVE
Q1 26
$2.8B
Q4 25
$4.9B
$2.8B
Q3 25
$4.4B
$3.1B
Q2 25
$4.2B
$3.3B
Q1 25
$2.7B
Q4 24
$4.0B
$2.8B
Q3 24
$4.1B
$2.7B
Q2 24
$4.0B
$2.7B
Debt / Equity
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
0.63×
0.18×
Q3 25
0.51×
0.20×
Q2 25
0.55×
0.22×
Q1 25
0.24×
Q4 24
0.60×
0.27×
Q3 24
0.59×
0.25×
Q2 24
0.63×
0.26×

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
UVE
UVE
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.

Operating Cash Flow
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
$81.5M
$381.5M
Q3 25
$46.6M
$62.4M
Q2 25
$35.4M
$106.2M
Q1 25
$186.8M
Q4 24
$126.9M
$137.4M
Q3 24
$101.0M
$82.6M
Q2 24
$83.0M
$73.2M
Free Cash Flow
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
$70.3M
$377.1M
Q3 25
$37.4M
$61.3M
Q2 25
$28.1M
$105.2M
Q1 25
$185.5M
Q4 24
$102.2M
$130.0M
Q3 24
$90.4M
$81.0M
Q2 24
$74.0M
$71.6M
FCF Margin
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
9.7%
92.4%
Q3 25
5.2%
15.3%
Q2 25
4.1%
26.3%
Q1 25
47.0%
Q4 24
15.2%
33.8%
Q3 24
13.4%
20.9%
Q2 24
10.5%
18.8%
Capex Intensity
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
1.5%
1.1%
Q3 25
1.3%
0.3%
Q2 25
1.1%
0.2%
Q1 25
0.3%
Q4 24
3.7%
1.9%
Q3 24
1.6%
0.4%
Q2 24
1.3%
0.4%
Cash Conversion
ESAB
ESAB
UVE
UVE
Q1 26
Q4 25
1.49×
5.73×
Q3 25
0.70×
1.57×
Q2 25
0.53×
3.03×
Q1 25
4.51×
Q4 24
2.36×
22.82×
Q3 24
1.48×
Q2 24
1.00×
2.07×

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%

UVE
UVE

Segment breakdown not available.

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