vs
Side-by-side financial comparison of ESAB Corp (ESAB) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $517.5M, roughly 1.4× WOLVERINE WORLD WIDE INC). ESAB Corp runs the higher net margin — 7.5% vs 6.1%, a 1.4% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 8.5%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $70.3M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
ESAB vs WWW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $517.5M |
| Net Profit | $54.8M | $31.8M |
| Gross Margin | 37.0% | 47.3% |
| Operating Margin | 14.6% | 9.7% |
| Net Margin | 7.5% | 6.1% |
| Revenue YoY | 8.5% | 25.5% |
| Net Profit YoY | 2.1% | 162.8% |
| EPS (diluted) | $0.90 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $727.8M | — | ||
| Q3 25 | $715.6M | $470.3M | ||
| Q2 25 | $678.1M | $474.2M | ||
| Q1 25 | — | $412.3M | ||
| Q4 24 | $670.8M | $494.7M | ||
| Q3 24 | $673.3M | $440.2M | ||
| Q2 24 | $707.1M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $25.1M | ||
| Q2 25 | $67.4M | $26.8M | ||
| Q1 25 | — | $12.1M | ||
| Q4 24 | $53.7M | $23.1M | ||
| Q3 24 | $68.2M | $23.2M | ||
| Q2 24 | $82.9M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | 47.5% | ||
| Q2 25 | 37.6% | 47.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | 38.5% | 43.4% | ||
| Q3 24 | 37.7% | 45.1% | ||
| Q2 24 | 38.2% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | 8.4% | ||
| Q2 25 | 16.2% | 8.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 16.6% | 7.4% | ||
| Q3 24 | 15.7% | 7.9% | ||
| Q2 24 | 16.9% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | 5.3% | ||
| Q2 25 | 9.9% | 5.7% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 8.0% | 4.7% | ||
| Q3 24 | 10.1% | 5.3% | ||
| Q2 24 | 11.7% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.90 | — | ||
| Q3 25 | $1.09 | $0.30 | ||
| Q2 25 | $1.10 | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | $0.87 | $0.29 | ||
| Q3 24 | $1.11 | $0.28 | ||
| Q2 24 | $1.35 | $0.17 |
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 | — |
| Total DebtLower is stronger | $1.3B | $621.7M |
| Stockholders' EquityBook value | $2.1B | $408.0M |
| Total Assets | $4.9B | $1.7B |
| Debt / EquityLower = less leverage | 0.63× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — | $621.7M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $676.4M | ||
| Q2 25 | $1.1B | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | $1.1B | $648.0M | ||
| Q3 24 | $1.1B | $702.8M | ||
| Q2 24 | $1.1B | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $376.7M | ||
| Q2 25 | $1.9B | $344.0M | ||
| Q1 25 | — | $310.6M | ||
| Q4 24 | $1.8B | $312.9M | ||
| Q3 24 | $1.8B | $295.2M | ||
| Q2 24 | $1.7B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.4B | $1.7B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $4.0B | $1.7B | ||
| Q3 24 | $4.1B | $1.8B | ||
| Q2 24 | $4.0B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | 1.80× | ||
| Q2 25 | 0.55× | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | 0.60× | 2.07× | ||
| Q3 24 | 0.59× | 2.38× | ||
| Q2 24 | 0.63× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $70.3M | $145.6M |
| FCF MarginFCF / Revenue | 9.7% | 28.1% |
| Capex IntensityCapex / Revenue | 1.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.49× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $81.5M | — | ||
| Q3 25 | $46.6M | $33.0M | ||
| Q2 25 | $35.4M | $44.6M | ||
| Q1 25 | — | $-83.8M | ||
| Q4 24 | $126.9M | $82.4M | ||
| Q3 24 | $101.0M | $108.2M | ||
| Q2 24 | $83.0M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | $30.1M | ||
| Q2 25 | $28.1M | $41.2M | ||
| Q1 25 | — | $-91.4M | ||
| Q4 24 | $102.2M | $74.4M | ||
| Q3 24 | $90.4M | $104.1M | ||
| Q2 24 | $74.0M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | 6.4% | ||
| Q2 25 | 4.1% | 8.7% | ||
| Q1 25 | — | -22.2% | ||
| Q4 24 | 15.2% | 15.0% | ||
| Q3 24 | 13.4% | 23.6% | ||
| Q2 24 | 10.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 3.7% | 1.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.3% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | 1.31× | ||
| Q2 25 | 0.53× | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | 2.36× | 3.57× | ||
| Q3 24 | 1.48× | 4.66× | ||
| Q2 24 | 1.00× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
