Filing Flows › Esab (ESAB) › Q4 2025
Esab (ESAB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Esab (ESAB) reported revenue of $721M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -0.9% from the quarter before. Operating margin was 12.0%, net earnings $37.7M (5.2% of revenue).
Esab, Q4 2025: revenue $721M (+8% year over year), operating margin 12.0%, net earnings $37.7M, operating cash flow $97.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $721M | -0.9% | +7% |
| Gross profit | $258M | -4% | -0.2% |
| Operating profit | $86.6M | -19% | -22% |
| Net earnings | $37.7M | -31% | -30% |
| Operating cash flow | $97.1M | +19% | -24% |
| Free cash flow | $77.4M | +10% | -24% |
What changed
Revenue was $721.0M in Q4 2025, up 7% year over year and down 1% from the previous quarter. EMEA and APAC Segment was the largest line at 62% of revenue.
Gross margin was 35.8%, down 2.8 points from a year earlier. Operating profit was $86.6M, a 12.0% margin (down 4.6 points year over year). Operating profit fell $24.8M even though revenue rose $50.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 7%. Net earnings were $37.7M, down 30% year over year. The effective tax rate was 24.6%.
Operating cash flow was $97.1M (down 24% year over year), 250% of net income including minority interests. Non-cash charges added back $25.4M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $28.5M. Capital expenditures of $19.6M left free cash flow of $77.4M.
Questions
What was Esab's revenue in the fourth quarter 2025?
Esab (ESAB) reported revenue of $721M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -0.9% from the quarter before.
Was Esab profitable in the fourth quarter 2025?
Operating profit was $86.6M (12.0% of revenue) and net earnings $37.7M.
Source: Esab 10-K on SEC EDGAR.