ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. It offers its products through independent distributors and direct salespeople. It operates in Europe, Asia Pacific, South America, and the Middle East. ESAB Corporation was founded in 1904 and is headquartered in North Bethesda, …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 36.9% (top 21%) and operating margin at 14.5% (top 21%) indicate strong pricing power.
Margins Stable Across CyclesOperating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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ESAB Corporation ranks #5 of 20
scored companies in Metal Fabrication by moat score — the top 25%.
The widest moat in the group is Mueller Industries, Inc. (MLI)
at 83/100.
Moat scores for companies ranked near ESAB in Metal Fabrication
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 53
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 73
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 79
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 44
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 74
· 15% of the moat score
Scale matters only when it converts into economics.
ESAB Corporation (ESAB) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 20 scored companies in Metal Fabrication, the top 25%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Metal Fabrication. Its strongest defense is Pricing Power (90/100) and its weakest is Resilience (44/100).
How does ESAB Corporation compare with other Metal Fabrication companies?
ESAB Corporation ranks #5 of 20 scored companies in Metal Fabrication by moat score. The widest moat in Metal Fabrication is Mueller Industries, Inc. (MLI) at 82/100. The companies ranked closest are Northwest Pipe Company (NWPX) at 72 just above it and CompoSecure, Inc. (CMPOW) at 70 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Metal Fabrication. The defenses are then weighted to produce the overall score out of 100.
Why is ESAB Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for ESAB Corporation?
The Corporate Default template measures 6 defenses, and ESAB scores: Pricing Power (90), Cost Advantage (53), Customer Stickiness (73), Capital Efficiency (79), Resilience (44), Scale & Market Position (74). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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