vs
Side-by-side financial comparison of ESAB Corp (ESAB) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($745.6M vs $490.7M, roughly 1.5× OLYMPIC STEEL INC). ESAB Corp runs the higher net margin — 6.6% vs 0.4%, a 6.2% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (9.9% vs 4.4%). Over the past eight quarters, ESAB Corp's revenue compounded faster (4.0% CAGR vs 0.1%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
ESAB vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $745.6M | $490.7M |
| Net Profit | $49.2M | $2.2M |
| Gross Margin | 36.9% | — |
| Operating Margin | 12.1% | 1.5% |
| Net Margin | 6.6% | 0.4% |
| Revenue YoY | 9.9% | 4.4% |
| Net Profit YoY | -29.3% | -21.2% |
| EPS (diluted) | $0.78 | $0.18 |
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 | $745.6M | — | ||
| Q4 25 | $727.8M | — | ||
| Q3 25 | $715.6M | $490.7M | ||
| Q2 25 | $678.1M | $496.5M | ||
| Q1 25 | — | $492.9M | ||
| Q4 24 | $670.8M | $418.8M | ||
| Q3 24 | $673.3M | $470.0M | ||
| Q2 24 | $707.1M | $526.3M |
| Q1 26 | $49.2M | — | ||
| Q4 25 | $54.8M | — | ||
| Q3 25 | $66.9M | $2.2M | ||
| Q2 25 | $67.4M | $5.2M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $53.7M | $3.9M | ||
| Q3 24 | $68.2M | $2.7M | ||
| Q2 24 | $82.9M | $7.7M |
| Q1 26 | 36.9% | — | ||
| 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% | — |
| Q1 26 | 12.1% | — | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | 1.5% | ||
| Q2 25 | 16.2% | 2.3% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 16.6% | 2.1% | ||
| Q3 24 | 15.7% | 1.7% | ||
| Q2 24 | 16.9% | 2.9% |
| Q1 26 | 6.6% | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 9.3% | 0.4% | ||
| Q2 25 | 9.9% | 1.1% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 8.0% | 0.9% | ||
| Q3 24 | 10.1% | 0.6% | ||
| Q2 24 | 11.7% | 1.5% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.90 | — | ||
| Q3 25 | $1.09 | $0.18 | ||
| Q2 25 | $1.10 | $0.45 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | $0.87 | $0.33 | ||
| Q3 24 | $1.11 | $0.23 | ||
| Q2 24 | $1.35 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $7.5M |
| Total DebtLower is stronger | $2.0B | $240.9M |
| Stockholders' EquityBook value | $2.2B | $579.1M |
| Total Assets | $5.6B | $1.1B |
| Debt / EquityLower = less leverage | 0.91× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $218.2M | — | ||
| Q3 25 | $258.2M | $7.5M | ||
| Q2 25 | $291.3M | $14.8M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | $249.4M | $11.9M | ||
| Q3 24 | $253.7M | $11.1M | ||
| Q2 24 | $228.5M | $9.4M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $240.9M | ||
| Q2 25 | $1.1B | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | $1.1B | $272.5M | ||
| Q3 24 | $1.1B | $197.3M | ||
| Q2 24 | $1.1B | $209.2M |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $579.1M | ||
| Q2 25 | $1.9B | $578.2M | ||
| Q1 25 | — | $574.2M | ||
| Q4 24 | $1.8B | $573.9M | ||
| Q3 24 | $1.8B | $570.6M | ||
| Q2 24 | $1.7B | $569.5M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.4B | $1.1B | ||
| Q2 25 | $4.2B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $4.0B | $1.0B | ||
| Q3 24 | $4.1B | $1.0B | ||
| Q2 24 | $4.0B | $1.0B |
| Q1 26 | 0.91× | — | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | 0.42× | ||
| Q2 25 | 0.55× | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 0.60× | 0.47× | ||
| Q3 24 | 0.59× | 0.35× | ||
| Q2 24 | 0.63× | 0.37× |
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 | $46.9M | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.95× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $46.9M | — | ||
| Q4 25 | $81.5M | — | ||
| Q3 25 | $46.6M | $-5.4M | ||
| Q2 25 | $35.4M | $15.5M | ||
| Q1 25 | — | $49.4M | ||
| Q4 24 | $126.9M | $14.6M | ||
| Q3 24 | $101.0M | $24.6M | ||
| Q2 24 | $83.0M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | $-12.9M | ||
| Q2 25 | $28.1M | $6.8M | ||
| Q1 25 | — | $40.6M | ||
| Q4 24 | $102.2M | $7.4M | ||
| Q3 24 | $90.4M | $15.6M | ||
| Q2 24 | $74.0M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | -2.6% | ||
| Q2 25 | 4.1% | 1.4% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 15.2% | 1.8% | ||
| Q3 24 | 13.4% | 3.3% | ||
| Q2 24 | 10.5% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 3.7% | 1.7% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 1.3% | 1.6% |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | -2.50× | ||
| Q2 25 | 0.53× | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | 2.36× | 3.75× | ||
| Q3 24 | 1.48× | 9.01× | ||
| Q2 24 | 1.00× | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
