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Esab vs Nordson: ESAB and NDSN compared
Esab is the larger company: $825M of revenue in its latest quarter (Q3 2026) against $818M for Nordson (Q3 FY26). Esab is growing faster (+13% against +10% a year earlier). Nordson is more profitable, with an operating margin of 27.3% against 11.1%.
Where the money goes: ESAB and NDSN
Esab (ESAB) · Q3 2026
Esab, Q3 2026: revenue $825M (+13% year over year), operating margin 11.1%, net earnings $38.9M, operating cash flow $72.7M. The chart follows the revenue to costs, profit and cash.
Nordson (NDSN) · Q3 FY26
Nordson, Q3 FY26: revenue $818M (+10% year over year), operating margin 27.3%, net earnings $153M, operating cash flow $249M. The chart follows the revenue to costs, profit and cash.
| Esab (ESAB) | Nordson (NDSN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $825M | $818M |
| Revenue growth, Y/Y | +13% | +10% |
| Gross margin | 39.3% | — |
| Operating margin | 11.1% | 27.3% |
| Net earnings | $38.9M | $153M |
| Net margin | 4.7% | 18.7% |
| Operating cash flow | $72.7M | $249M |
| Free cash flow | $54.4M | $237M |
| Market value | $5.2B | $17.4B |
| P/E | 33.9× | 31.3× |
| Analysts’ mean target | $117.18 | $349.71 |
Where the revenue comes from
Esab
- Consumables: $474M (57%)
- Equipment: $351M (43%)
Questions
Which is bigger, Esab or Nordson?
Esab is the larger company: $825M of revenue in its latest quarter (Q3 2026) against $818M for Nordson (Q3 FY26).
Is Esab or Nordson growing faster?
Esab is growing faster (+13% against +10% a year earlier).
Which is more profitable, Esab or Nordson?
Nordson is more profitable, with an operating margin of 27.3% against 11.1%.
More: Esab earnings · how Esab makes money · Nordson earnings · how Nordson makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 20, 2026). Fiscal quarters can end on different dates. Not investment advice.