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Side-by-side financial comparison of ESAB Corp (ESAB) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $394.6M, roughly 1.8× Zeta Global Holdings Corp.). ESAB Corp runs the higher net margin — 7.5% vs 1.7%, a 5.9% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
ESAB vs ZETA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $394.6M |
| Net Profit | $54.8M | $6.5M |
| Gross Margin | 37.0% | 59.5% |
| Operating Margin | 14.6% | 4.5% |
| Net Margin | 7.5% | 1.7% |
| Revenue YoY | 8.5% | 25.4% |
| Net Profit YoY | 2.1% | -57.1% |
| EPS (diluted) | $0.90 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $715.6M | $337.2M | ||
| Q2 25 | $678.1M | $308.4M | ||
| Q1 25 | — | $264.4M | ||
| Q4 24 | $670.8M | $314.7M | ||
| Q3 24 | $673.3M | $268.3M | ||
| Q2 24 | $707.1M | $227.8M | ||
| Q1 24 | $689.7M | $194.9M |
| Q4 25 | $54.8M | $6.5M | ||
| Q3 25 | $66.9M | $-3.6M | ||
| Q2 25 | $67.4M | $-12.8M | ||
| Q1 25 | — | $-21.6M | ||
| Q4 24 | $53.7M | $15.2M | ||
| Q3 24 | $68.2M | $-17.4M | ||
| Q2 24 | $82.9M | $-28.1M | ||
| Q1 24 | $60.0M | $-39.6M |
| Q4 25 | 37.0% | 59.5% | ||
| Q3 25 | 37.2% | 60.5% | ||
| Q2 25 | 37.6% | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | 38.5% | 60.0% | ||
| Q3 24 | 37.7% | 60.6% | ||
| Q2 24 | 38.2% | 60.0% | ||
| Q1 24 | 37.0% | 60.6% |
| Q4 25 | 14.6% | 4.5% | ||
| Q3 25 | 15.2% | 2.6% | ||
| Q2 25 | 16.2% | -1.7% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | 16.6% | 2.2% | ||
| Q3 24 | 15.7% | -4.6% | ||
| Q2 24 | 16.9% | -11.7% | ||
| Q1 24 | 16.0% | -18.4% |
| Q4 25 | 7.5% | 1.7% | ||
| Q3 25 | 9.3% | -1.1% | ||
| Q2 25 | 9.9% | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | 8.0% | 4.8% | ||
| Q3 24 | 10.1% | -6.5% | ||
| Q2 24 | 11.7% | -12.3% | ||
| Q1 24 | 8.7% | -20.3% |
| Q4 25 | $0.90 | $0.04 | ||
| Q3 25 | $1.09 | $-0.02 | ||
| Q2 25 | $1.10 | $-0.06 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | $0.87 | $0.10 | ||
| Q3 24 | $1.11 | $-0.09 | ||
| Q2 24 | $1.35 | $-0.16 | ||
| Q1 24 | $0.98 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | $1.3B | $197.1M |
| Stockholders' EquityBook value | $2.1B | $804.6M |
| Total Assets | $4.9B | $1.5B |
| Debt / EquityLower = less leverage | 0.63× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $319.8M | ||
| Q3 25 | $258.2M | $385.2M | ||
| Q2 25 | $291.3M | $365.3M | ||
| Q1 25 | — | $364.4M | ||
| Q4 24 | $249.4M | $366.2M | ||
| Q3 24 | $253.7M | $418.5M | ||
| Q2 24 | $228.5M | $154.7M | ||
| Q1 24 | $76.5M | $141.6M |
| Q4 25 | $1.3B | $197.1M | ||
| Q3 25 | $1.1B | $196.9M | ||
| Q2 25 | $1.1B | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | $1.1B | $196.3M | ||
| Q3 24 | $1.1B | $196.1M | ||
| Q2 24 | $1.1B | $184.4M | ||
| Q1 24 | $992.8M | $184.2M |
| Q4 25 | $2.1B | $804.6M | ||
| Q3 25 | $2.1B | $689.2M | ||
| Q2 25 | $1.9B | $673.3M | ||
| Q1 25 | — | $676.6M | ||
| Q4 24 | $1.8B | $676.8M | ||
| Q3 24 | $1.8B | $474.9M | ||
| Q2 24 | $1.7B | $217.0M | ||
| Q1 24 | $1.6B | $191.6M |
| Q4 25 | $4.9B | $1.5B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.2B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $4.0B | $1.1B | ||
| Q3 24 | $4.1B | $869.1M | ||
| Q2 24 | $4.0B | $583.9M | ||
| Q1 24 | $3.8B | $550.3M |
| Q4 25 | 0.63× | 0.24× | ||
| Q3 25 | 0.51× | 0.29× | ||
| Q2 25 | 0.55× | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 0.60× | 0.29× | ||
| Q3 24 | 0.59× | 0.41× | ||
| Q2 24 | 0.63× | 0.85× | ||
| Q1 24 | 0.61× | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $70.3M | $60.9M |
| FCF MarginFCF / Revenue | 9.7% | 15.4% |
| Capex IntensityCapex / Revenue | 1.5% | 0.8% |
| Cash ConversionOCF / Net Profit | 1.49× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $64.1M | ||
| Q3 25 | $46.6M | $57.9M | ||
| Q2 25 | $35.4M | $42.0M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | $126.9M | $43.7M | ||
| Q3 24 | $101.0M | $34.4M | ||
| Q2 24 | $83.0M | $31.1M | ||
| Q1 24 | $44.5M | $24.7M |
| Q4 25 | $70.3M | $60.9M | ||
| Q3 25 | $37.4M | $52.4M | ||
| Q2 25 | $28.1M | $39.7M | ||
| Q1 25 | — | $32.1M | ||
| Q4 24 | $102.2M | $35.4M | ||
| Q3 24 | $90.4M | $29.5M | ||
| Q2 24 | $74.0M | $24.4M | ||
| Q1 24 | $37.1M | $18.9M |
| Q4 25 | 9.7% | 15.4% | ||
| Q3 25 | 5.2% | 15.6% | ||
| Q2 25 | 4.1% | 12.9% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | 15.2% | 11.3% | ||
| Q3 24 | 13.4% | 11.0% | ||
| Q2 24 | 10.5% | 10.7% | ||
| Q1 24 | 5.4% | 9.7% |
| Q4 25 | 1.5% | 0.8% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 3.7% | 2.6% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 1.3% | 3.0% | ||
| Q1 24 | 1.1% | 3.0% |
| Q4 25 | 1.49× | 9.81× | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.36× | 2.87× | ||
| 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% |
ZETA
Segment breakdown not available.
