Filing Flows › Esab (ESAB) › Q2 2025
Esab (ESAB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Esab (ESAB) reported revenue of $716M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +6% from the quarter before. Operating margin was 15.2%, net earnings $66.9M (9.3% of revenue).
Esab, Q2 2025: revenue $716M (+1% year over year), operating margin 15.2%, net earnings $66.9M, operating cash flow $46.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $716M | +6% | +1% |
| Gross profit | $266M | +4% | -2% |
| Operating profit | $109M | -0.7% | -9% |
| Net earnings | $66.9M | -0.7% | -19% |
| Operating cash flow | $46.6M | +32% | -44% |
| Free cash flow | $37.4M | +33% | -49% |
What changed
Revenue was $715.6M in Q2 2025, up 1% year over year and up 6% from the previous quarter. Consumables was the largest line at 68% of revenue. Consumables added $8.3M year over year (up 2%), 97% of the total change.
Gross margin was 37.2%, down 1.1 points from a year earlier. Operating profit was $109.1M, a 15.2% margin (down 1.6 points year over year). Operating profit fell $10.3M even though revenue rose $8.5M versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 1%. Net earnings were $66.9M, down 19% year over year. The effective tax rate was 21.2%.
Operating cash flow was $46.6M (down 44% year over year), 68% of net earnings. Non-cash charges added back $19.4M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $45.4M. Capital expenditures of $9.2M left free cash flow of $37.4M.
Questions
What was Esab's revenue in the second quarter 2025?
Esab (ESAB) reported revenue of $716M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +6% from the quarter before.
Was Esab profitable in the second quarter 2025?
Operating profit was $109M (15.2% of revenue) and net earnings $66.9M.
Source: Esab 10-Q on SEC EDGAR.