Filing Flows › Esab (ESAB) › How it makes money
How Esab (ESAB) makes money
Esab (ESAB) made $825M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Consumables brought in $474M (57%); Equipment brought in $351M (43%). Of every dollar of revenue, 39¢ was left as gross profit, 11¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Consumables | $474M | 57.5% | -4% | -0.8% |
| Equipment | $351M | 42.5% | +12% | +40% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $825M | 100.0% |
| Cost of revenue | $501M | 60.7% |
| Gross profit | $324M | 39.3% |
| Operating expenses | $232M | 28.1% |
| Operating profit | $91.9M | 11.1% |
| Income tax | $13.3M | 1.6% |
| Net earnings | $38.9M | 4.7% |
| Operating cash flow | $72.7M | 8.8% |
| Free cash flow | $54.4M | 6.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $825M | +13% |
| Q2 2026 | $808M | +13% |
| Q1 2026 | $746M | +10% |
| Q4 2025 | $721M | +8% |
| Q3 2025 | $728M | +8% |
| Q2 2025 | $716M | +1% |
| Q1 2025 | $678M | -2% |
From Esab's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Esab make money?
Esab (ESAB) made $825M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Consumables brought in $474M (57%); Equipment brought in $351M (43%). Of every dollar of revenue, 39¢ was left as gross profit, 11¢ was left as operating profit, 5¢ was left as net earnings.
What is Esab's biggest business?
Consumables: $474M in the third quarter 2026, 57% of revenue, -0.8% from a year earlier.
What is Esab's profit margin?
Net earnings were $38.9M, 4.7% of revenue, in the third quarter 2026; the operating margin was 11.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.