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Side-by-side financial comparison of ESAB Corp (ESAB) and Wendy's Co (WEN). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $543.0M, roughly 1.3× Wendy's Co). ESAB Corp runs the higher net margin — 7.5% vs 4.9%, a 2.7% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -5.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $31.4M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 0.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
ESAB vs WEN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $543.0M |
| Net Profit | $54.8M | $26.5M |
| Gross Margin | 37.0% | 62.7% |
| Operating Margin | 14.6% | 11.8% |
| Net Margin | 7.5% | 4.9% |
| Revenue YoY | 8.5% | -5.5% |
| Net Profit YoY | 2.1% | -44.2% |
| EPS (diluted) | $0.90 | $0.14 |
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 | $543.0M | ||
| Q3 25 | $715.6M | $549.5M | ||
| Q2 25 | $678.1M | $560.9M | ||
| Q1 25 | — | $523.5M | ||
| Q4 24 | $670.8M | $574.3M | ||
| Q3 24 | $673.3M | $566.7M | ||
| Q2 24 | $707.1M | $570.7M | ||
| Q1 24 | $689.7M | $534.8M |
| Q4 25 | $54.8M | $26.5M | ||
| Q3 25 | $66.9M | $44.3M | ||
| Q2 25 | $67.4M | $55.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | $53.7M | $47.5M | ||
| Q3 24 | $68.2M | $50.2M | ||
| Q2 24 | $82.9M | $54.6M | ||
| Q1 24 | $60.0M | $42.0M |
| Q4 25 | 37.0% | 62.7% | ||
| Q3 25 | 37.2% | 62.8% | ||
| Q2 25 | 37.6% | 65.0% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | 38.5% | 65.9% | ||
| Q3 24 | 37.7% | 65.5% | ||
| Q2 24 | 38.2% | 65.0% | ||
| Q1 24 | 37.0% | 64.1% |
| Q4 25 | 14.6% | 11.8% | ||
| Q3 25 | 15.2% | 16.8% | ||
| Q2 25 | 16.2% | 18.6% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | 16.6% | 16.7% | ||
| Q3 24 | 15.7% | 16.7% | ||
| Q2 24 | 16.9% | 17.4% | ||
| Q1 24 | 16.0% | 15.2% |
| Q4 25 | 7.5% | 4.9% | ||
| Q3 25 | 9.3% | 8.1% | ||
| Q2 25 | 9.9% | 9.8% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | 8.0% | 8.3% | ||
| Q3 24 | 10.1% | 8.9% | ||
| Q2 24 | 11.7% | 9.6% | ||
| Q1 24 | 8.7% | 7.9% |
| Q4 25 | $0.90 | $0.14 | ||
| Q3 25 | $1.09 | $0.23 | ||
| Q2 25 | $1.10 | $0.29 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | $0.87 | $0.23 | ||
| Q3 24 | $1.11 | $0.25 | ||
| Q2 24 | $1.35 | $0.27 | ||
| Q1 24 | $0.98 | $0.20 |
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 | $300.8M |
| Total DebtLower is stronger | $1.3B | $2.8B |
| Stockholders' EquityBook value | $2.1B | $117.4M |
| Total Assets | $4.9B | $5.0B |
| Debt / EquityLower = less leverage | 0.63× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $300.8M | ||
| Q3 25 | $258.2M | $291.4M | ||
| Q2 25 | $291.3M | $281.2M | ||
| Q1 25 | — | $335.3M | ||
| Q4 24 | $249.4M | $450.5M | ||
| Q3 24 | $253.7M | $482.2M | ||
| Q2 24 | $228.5M | $465.5M | ||
| Q1 24 | $76.5M | $498.3M |
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.1B | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $117.4M | ||
| Q3 25 | $2.1B | $109.2M | ||
| Q2 25 | $1.9B | $112.9M | ||
| Q1 25 | — | $130.2M | ||
| Q4 24 | $1.8B | $259.4M | ||
| Q3 24 | $1.8B | $259.9M | ||
| Q2 24 | $1.7B | $273.8M | ||
| Q1 24 | $1.6B | $293.7M |
| Q4 25 | $4.9B | $5.0B | ||
| Q3 25 | $4.4B | $5.0B | ||
| Q2 25 | $4.2B | $4.9B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | $4.0B | $5.0B | ||
| Q3 24 | $4.1B | $5.1B | ||
| Q2 24 | $4.0B | $5.1B | ||
| Q1 24 | $3.8B | $5.2B |
| Q4 25 | 0.63× | 23.51× | ||
| Q3 25 | 0.51× | 24.95× | ||
| Q2 25 | 0.55× | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | 0.60× | 10.57× | ||
| 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 | $69.3M |
| Free Cash FlowOCF − Capex | $70.3M | $31.4M |
| FCF MarginFCF / Revenue | 9.7% | 5.8% |
| Capex IntensityCapex / Revenue | 1.5% | 7.0% |
| Cash ConversionOCF / Net Profit | 1.49× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $69.3M | ||
| Q3 25 | $46.6M | $129.3M | ||
| Q2 25 | $35.4M | $60.6M | ||
| Q1 25 | — | $85.4M | ||
| Q4 24 | $126.9M | $68.6M | ||
| Q3 24 | $101.0M | $141.2M | ||
| Q2 24 | $83.0M | $45.5M | ||
| Q1 24 | $44.5M | $100.0M |
| Q4 25 | $70.3M | $31.4M | ||
| Q3 25 | $37.4M | $104.3M | ||
| Q2 25 | $28.1M | $39.2M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | $102.2M | $26.6M | ||
| Q3 24 | $90.4M | $123.3M | ||
| Q2 24 | $74.0M | $28.4M | ||
| Q1 24 | $37.1M | $82.6M |
| Q4 25 | 9.7% | 5.8% | ||
| Q3 25 | 5.2% | 19.0% | ||
| Q2 25 | 4.1% | 7.0% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | 15.2% | 4.6% | ||
| Q3 24 | 13.4% | 21.8% | ||
| Q2 24 | 10.5% | 5.0% | ||
| Q1 24 | 5.4% | 15.5% |
| Q4 25 | 1.5% | 7.0% | ||
| Q3 25 | 1.3% | 4.5% | ||
| Q2 25 | 1.1% | 3.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 3.7% | 7.3% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 1.3% | 3.0% | ||
| Q1 24 | 1.1% | 3.2% |
| Q4 25 | 1.49× | 2.62× | ||
| Q3 25 | 0.70× | 2.92× | ||
| Q2 25 | 0.53× | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | 2.36× | 1.44× | ||
| Q3 24 | 1.48× | 2.81× | ||
| Q2 24 | 1.00× | 0.83× | ||
| Q1 24 | 0.74× | 2.38× |
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% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
