Filing Flows › Esab (ESAB) › Q3 2025
Esab (ESAB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Esab (ESAB) reported revenue of $728M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before. Operating margin was 14.6%, net earnings $54.8M (7.5% of revenue).
Esab, Q3 2025: revenue $728M (+8% year over year), operating margin 14.6%, net earnings $54.8M, operating cash flow $81.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $728M | +2% | +8% |
| Gross profit | $269M | +1% | +6% |
| Operating profit | $107M | -2% | +0.6% |
| Net earnings | $54.8M | -18% | -20% |
| Operating cash flow | $81.5M | +75% | -19% |
| Free cash flow | $70.3M | +88% | -22% |
What changed
Revenue was $727.8M in Q3 2025, up 8% year over year and up 2% from the previous quarter. Consumables was the largest line at 66% of revenue. Equipment added $30.5M year over year (up 14%), 56% of the total change.
Gross margin was 37.0%, down 0.7 points from a year earlier. Operating profit was $106.6M, a 14.6% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 16% margin then. Operating expenses grew 10% against revenue growth of 8%. Net earnings were $54.8M, down 20% year over year. The effective tax rate was 23.8%.
Operating cash flow was $81.5M (down 19% year over year), 144% of net income including minority interests. Non-cash charges added back $21.9M of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $11.2M left free cash flow of $70.3M.
Questions
What was Esab's revenue in the third quarter 2025?
Esab (ESAB) reported revenue of $728M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before.
Was Esab profitable in the third quarter 2025?
Operating profit was $107M (14.6% of revenue) and net earnings $54.8M.
Source: Esab 10-Q on SEC EDGAR.