ESAB CorpESAB
What ESAB Corp does.
Founded in 1904, ESAB Corporation (“ESAB,” “we” or the “Company”), is a focused premier industrial compounder. ESAB provides its partners with fabrication technology advanced equipment, consumables, gas control equipment, robotics and digital solutions. The Company’s rich history of innovative products and workflow solutions and our business management system, ESAB Business Excellence (“EBXai”), enables the Company’s purpose of Shaping the world we imagine TM . We formulate, develop, manufacture and supply consumable products and equipment, including cutting, joining and welding robotics, as well as gas control equipment. Our products are marketed under several brand names, most notably ESAB, providing a wide range of products with innovative technologies to solve challenges in virtually any industry. Our sales channels include both independent distributors and direct salespeople that, depending on geography and end market, sell our products to our end users. ESAB is based in North Bethesda, Maryland and employs approximately 10,300 associates and serves customers in approximately 150 countries.
We believe our Company, which competes in a m arket expected to be approximately $45 billion by the end of 2028, is one of the prominent industry players with a substantial position in every major market in the world, combining global scale with regional agility to maximize growth and profits. We define our addressable market as established fabrication technology and gas control equipment products and new products in automation, software and services, and estimate its size based on public data from peer companies, customer surveys and market analysis conducted by our sales function. Approximately 52% of our 2025 revenues were derived from high growth markets, which we define as South America, Eastern Europe, India, Asia Pacific and the Middle East, and which are expected to grow at greater than twice the rate of more developed markets in North America and Europe, based on publicly available economic data from sources such as IHS Markit and the International Monetary Fund. Our gas control business is also well-positioned in attractive markets such as medical and specialty gas control.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.0B | $2.4B | $2.6B | $2.8B | $2.7B | $2.8B |
| Net income | $157.4M | $235.1M | $223.7M | $205.3M | $264.8M | $226.8M |
| Free cash flow | $269.0M | $215.2M | $174.1M | $282.3M | $303.6M | $213.3M |
More on ESAB.
- ESAB Corp summary
- ESAB Corp financial statements
- ESAB Corp key metrics
- ESAB Corp health scores and style box
- ESAB Corp earnings
- ESAB Corp dividends
- ESAB Corp valuation
- ESAB Corp ownership and insiders
- ESAB Corp peers
Figures from ESAB Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.