ESCO Technologies (ESE) financial statements
ESCO Technologies reported revenue of $1.1B in fiscal 2025, up 7.5% a year over 9 years.
Net income was $299M and the operating margin 15.6%, against 12.0% in 2016.
Free cash flow was $206M, and the company returned $8M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ESCO Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $571M | $686M | $684M | $726M | $730M | $715M | $858M | $856M | $919M | $1.1B |
| Cost of revenue | $351M | $437M | $420M | $438M | $458M | $445M | $525M | $503M | $531M | $634M |
| Gross profit | $221M | $249M | $264M | $288M | $272M | $270M | $332M | $353M | $389M | $461M |
| Research and development | $12M | $14M | $11M | $12M | $13M | $15M | $12M | $13M | $12M | $23M |
| Selling, general and admin | $131M | $148M | $153M | $163M | $159M | $168M | $195M | $203M | $208M | $235M |
| Operating income | $68M | $80M | $81M | $98M | $36M | $81M | $106M | $119M | $146M | $170M |
| Interest expense | — | — | — | $8M | $7M | $2M | $5M | $9M | $15M | $18M |
| Pre-tax income | $68M | $80M | $81M | $98M | $36M | $81M | $106M | $110M | $131M | $153M |
| Income tax | $23M | $26M | -$5M | $20M | $14M | $17M | $24M | $25M | $28M | $37M |
| Net income | $46M | $54M | $92M | $81M | $99M | $63M | $82M | $93M | $102M | $299M |
| EPS (diluted) | $1.77 | $2.07 | $3.54 | $3.10 | $3.81 | $2.42 | $3.16 | $3.58 | $3.94 | $11.55 |
| Diluted shares | 26M | 26M | 26M | 26M | 26M | 26M | 26M | 26M | 26M | 26M |
| Gross margin | 38.6% | 36.3% | 38.6% | 39.7% | 37.3% | 37.8% | 38.7% | 41.3% | 42.3% | 42.1% |
| Operating margin | 12.0% | 11.7% | 11.9% | 13.5% | 5.0% | 11.3% | 12.4% | 13.9% | 15.9% | 15.6% |
| Net margin | 8.0% | 7.8% | 13.5% | 11.2% | 13.6% | 8.9% | 9.6% | 10.8% | 11.1% | 27.3% |
Balance sheet
Fiscal years, from ESCO Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $54M | $46M | $30M | $62M | $53M | $56M | $98M | $42M | $66M | $101M |
| Receivables | $121M | $161M | $164M | $159M | $144M | $146M | $165M | $189M | $222M | $254M |
| Inventory | $106M | $125M | $135M | $125M | $135M | $147M | $162M | $184M | $195M | $218M |
| Total current assets | $323M | $393M | $396M | $495M | $443M | $466M | $573M | $581M | $669M | $689M |
| Property, plant and equipment | $92M | $133M | $135M | $128M | $140M | $154M | $156M | $155M | $149M | $172M |
| Goodwill | $324M | $378M | $362M | $390M | $408M | $505M | $493M | $493M | $530M | $762M |
| Total assets | $978M | $1.3B | $1.3B | $1.5B | $1.4B | $1.6B | $1.7B | $1.7B | $1.8B | $2.4B |
| Total current liabilities | $158M | $195M | $201M | $252M | $255M | $275M | $318M | $315M | $350M | $508M |
| Long-term debt | $90M | $255M | $200M | $265M | $40M | $134M | $133M | $82M | $102M | $166M |
| Total liabilities | $363M | $589M | $506M | $640M | $411M | $558M | $606M | $552M | $601M | $870M |
| Shareholders' equity | $615M | $672M | $759M | $826M | $959M | $1.0B | $1.0B | $1.1B | $1.2B | $1.5B |
| Net debt | $56M | $229M | $190M | $224M | $10M | $98M | $55M | $60M | $56M | $85M |
Cash flow
Fiscal years, from ESCO Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74M | $67M | $93M | $105M | $82M | $123M | $135M | $77M | $128M | $242M |
| Capital spending | $14M | $30M | $15M | $24M | $32M | $27M | $32M | $20M | $28M | $36M |
| Free cash flow | $60M | $38M | $78M | $81M | $50M | $96M | $103M | $57M | $99M | $206M |
| Stock-based compensation | $5M | $5M | $5M | $5M | $6M | $7M | $7M | $9M | $9M | $11M |
| Dividends paid | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M |
| Share buybacks (net) | -$4M | $0 | $0 | — | — | — | -$20M | -$12M | -$8M | — |
| Net borrowing | $60M | $165M | -$55M | $65M | -$223M | $92M | -$1M | -$51M | $20M | $64M |
| Free cash flow margin | 10.5% | 5.5% | 11.4% | 11.1% | 6.9% | 13.5% | 12.0% | 6.7% | 10.8% | 18.8% |
| Dividends per share | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 |
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What was ESCO Technologies's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does ESCO Technologies generate?
$206M in fiscal 2025 (operating cash flow minus capital spending).
From ESCO Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.