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

ESAB brought in $2.8B of revenue in fiscal 2025, Nordson $2.8B in fiscal 2025. Revenue changed by +3.7% at ESAB and +3.8% at Nordson on the year before, so Nordson grew faster. ESAB kept 8.0% of its revenue as net profit, Nordson 17.4%. Free cash flow was $213.3M at ESAB and $661.1M at Nordson.

Side by side, latest fiscal year

ESABNDSN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 31, 2025)
Revenue$2.8B$2.8B
Revenue growth+3.7%+3.8%
Net income$226.8M$484.5M
Net margin8.0%17.4%
Free cash flow$213.3M$661.1M
Free cash flow margin7.5%23.7%
Earnings per share (diluted)$3.67$8.51
Cash$185.9M$108.4M
Debt$1.2B$2B
Price to earnings19.638.3
Market value$4.5B$18.2B
Dividend yield0.53%0.97%
Rank by revenue in sector#186 of 451 · Industrials#189 of 451 · Industrials

Over the years

Revenue
ESAB FY2020: $2BESAB FY2022: $2.4BESAB FY2022: $2.6BESAB FY2023: $2.8BESAB FY2024: $2.7BESAB FY2025: $2.8BNDSN FY2018: $2.3BNDSN FY2019: $2.2BNDSN FY2020: $2.1BNDSN FY2021: $2.4BNDSN FY2022: $2.6BNDSN FY2023: $2.6BNDSN FY2024: $2.7BNDSN FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
ESAB $2.8BNDSN $2.8B
Net income
ESAB FY2020: $157.4MESAB FY2022: $235.1MESAB FY2022: $223.7MESAB FY2023: $205.3MESAB FY2024: $264.8MESAB FY2025: $226.8MNDSN FY2018: $377.4MNDSN FY2019: $337.1MNDSN FY2020: $249.5MNDSN FY2021: $454.4MNDSN FY2022: $513.1MNDSN FY2023: $487.5MNDSN FY2024: $467.3MNDSN FY2025: $484.5MFY18FY19FY20FY21FY22FY23FY24FY25
ESAB $226.8MNDSN $484.5M
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%NDSN FY2018: 16.7%NDSN FY2019: 15.4%NDSN FY2020: 11.8%NDSN FY2021: 19.2%NDSN FY2022: 19.8%NDSN FY2023: 18.5%NDSN FY2024: 17.4%NDSN FY2025: 17.4%FY18FY19FY20FY21FY22FY23FY24FY25
ESAB 8.0%NDSN 17.4%
Revenue growth
ESAB FY2022: +24.5%ESAB FY2022: +6.8%ESAB FY2023: +7.0%ESAB FY2024: -1.2%ESAB FY2025: +3.7%NDSN FY2019: -2.7%NDSN FY2020: -3.3%NDSN FY2021: +11.4%NDSN FY2022: +9.7%NDSN FY2023: +1.5%NDSN FY2024: +2.3%NDSN FY2025: +3.8%FY19FY20FY21FY22FY23FY24FY25
ESAB +3.7%NDSN +3.8%
Free cash flow
ESAB FY2020: $269MESAB FY2022: $215.2MESAB FY2022: $174.1MESAB FY2023: $282.3MESAB FY2024: $303.6MESAB FY2025: $213.3MNDSN FY2018: $414.8MNDSN FY2019: $318.6MNDSN FY2020: $451.9MNDSN FY2021: $507.6MNDSN FY2022: $461.7MNDSN FY2023: $606.7MNDSN FY2024: $491.8MNDSN FY2025: $661.1MFY18FY19FY20FY21FY22FY23FY24FY25
ESAB $213.3MNDSN $661.1M

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

Questions about ESAB and Nordson

Which is bigger by revenue, ESAB or Nordson?

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

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

ESAB had a net margin of 8.0% in fiscal 2025; Nordson had 17.4% in fiscal 2025.

Which grew revenue faster, ESAB or Nordson?

In their latest fiscal years revenue changed by +3.7% at ESAB and +3.8% at Nordson.

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.

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