ESAB Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.84B | $2.74B | $2.77B | $2.59B | $2.43B | $1.95B |
| Cost of Revenue | $1.79B | $1.70B | $1.76B | $1.71B | $1.59B | $1.27B |
| Gross Profit | $1.05B | $1.04B | $1.02B | $885.5M | $838.0M | $682.5M |
| Gross Margin | 36.9% | 37.9% | 36.6% | 34.1% | 34.5% | 35.0% |
| Operating Expenses | ||||||
| Research & Development | $44.0M | $39.2M | $38.8M | $36.0M | $39.7M | $34.8M |
| SG&A Expense | $608.4M | $579.8M | $587.5M | $533.4M | $512.8M | $458.7M |
| Operating Income | $412.2M | $447.5M | $404.2M | $329.1M | $306.2M | $202.1M |
| Operating Margin | 14.5% | 16.3% | 14.6% | 12.7% | 12.6% | 10.4% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $328.3M | $370.4M | $319.1M | $300.3M | $319.1M | $205.8M |
| Income Tax Expense | $69.2M | $77.3M | $95.7M | $69.2M | $80.4M | $46.0M |
| Net Income | $226.8M | $264.8M | $205.3M | $223.7M | $235.1M | $157.4M |
| Net Margin | 8.0% | 9.7% | 7.4% | 8.6% | 9.7% | 8.1% |
| EPS (Basic) | $3.71 | $4.36 | $3.39 | $3.70 | $0.00 | $0.00 |
| EPS (Diluted) | $3.67 | $4.31 | $3.36 | $3.69 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 60.7M | 60.4M | 60.2M | 60.05B | 60.15B | 60.15B |
| Shares Outstanding (Diluted) | 61.3M | 61.1M | 60.7M | 60.15B | 60.15B | 60.15B |
| Dividends Per Share | $0.38 | $0.30 | $0.23 | $0.15 | — | — |