Invesaro

Stocks Comparison

ESAB vs Hongli: revenue, profit, margins and growth compared

ESAB brought in $2.8B of revenue in fiscal 2025, Hongli $19.6M in fiscal 2025. Revenue changed by +3.7% at ESAB and +39.0% at Hongli on the year before, so Hongli grew faster. ESAB kept 8.0% of its revenue as net profit, Hongli 9.9%. Free cash flow was $213.3M at ESAB and $660.8K at Hongli.

Side by side, latest fiscal year

ESABHLP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.8B$19.6M
Revenue growth+3.7%+39.0%
Net income$226.8M$1.9M
Net margin8.0%9.9%
Free cash flow$213.3M$660.8K
Free cash flow margin7.5%3.4%
Earnings per share (diluted)$3.67$0.03
Cash$185.9M$1.8M
Debt$1.2Bn/a
Price to earnings19.6n/a
Market value$4.5B$165.2M
Dividend yield0.53%n/a
Rank by revenue in sector#186 of 451 · Industrials#426 of 451 · Industrials

Over the years

Revenue
ESAB FY2020: $2BESAB FY2022: $2.4BESAB FY2022: $2.6BESAB FY2023: $2.8BESAB FY2024: $2.7BESAB FY2025: $2.8BHLP FY2020: $11.2MHLP FY2022: $21.7MHLP FY2022: $20.3MHLP FY2023: $16MHLP FY2024: $14.1MHLP FY2025: $19.6MFY20FY22FY23FY24FY25
ESAB $2.8BHLP $19.6M
Net income
ESAB FY2020: $157.4MESAB FY2022: $235.1MESAB FY2022: $223.7MESAB FY2023: $205.3MESAB FY2024: $264.8MESAB FY2025: $226.8MHLP FY2020: $2.4MHLP FY2022: $3.2MHLP FY2022: $2.9MHLP FY2023: $864.7KHLP FY2024: -$1.9MHLP FY2025: $1.9MFY20FY22FY23FY24FY25
ESAB $226.8MHLP $1.9M
Net margin
ESAB FY2020: 8.1%ESAB FY2022: 9.7%ESAB FY2022: 8.6%ESAB FY2023: 7.4%ESAB FY2024: 9.7%ESAB FY2025: 8.0%HLP FY2020: 21.7%HLP FY2022: 14.7%HLP FY2022: 14.5%HLP FY2023: 5.4%HLP FY2024: -13.3%HLP FY2025: 9.9%FY20FY22FY23FY24FY25
ESAB 8.0%HLP 9.9%
Revenue growth
ESAB FY2022: +24.5%ESAB FY2022: +6.8%ESAB FY2023: +7.0%ESAB FY2024: -1.2%ESAB FY2025: +3.7%HLP FY2022: +94.6%HLP FY2022: -6.6%HLP FY2023: -21.1%HLP FY2024: -11.8%HLP FY2025: +39.0%FY22FY23FY24FY25
ESAB +3.7%HLP +39.0%
Free cash flow
ESAB FY2020: $269MESAB FY2022: $215.2MESAB FY2022: $174.1MESAB FY2023: $282.3MESAB FY2024: $303.6MESAB FY2025: $213.3MHLP FY2020: $2.4MHLP FY2022: $135KHLP FY2022: -$2.6MHLP FY2023: $582.5KHLP FY2024: -$446.5KHLP FY2025: $660.8KFY20FY22FY23FY24FY25
ESAB $213.3MHLP $660.8K

Fiscal years as each company reports them; the two may end in different months.

Questions about ESAB and Hongli

Which is bigger by revenue, ESAB or Hongli?

ESAB is bigger by revenue: $2.8B in fiscal 2025, against $19.6M for Hongli in fiscal 2025.

Which keeps more of its revenue as profit, ESAB or Hongli?

ESAB had a net margin of 8.0% in fiscal 2025; Hongli had 9.9% in fiscal 2025.

Which grew revenue faster, ESAB or Hongli?

In their latest fiscal years revenue changed by +3.7% at ESAB and +39.0% at Hongli.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies