ESE

MKT CAP:$8B

ESCO Technologies Inc.

Market Cap

$8B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$318.83+$121.21 (+61.33%)

Apr 23, 2026

Company Details

ESCO Technologies Inc. produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. The Aerospac...

CEO

Bryan H. Sayler

IPO Date

Oct 1, 1990

Website

www.escotechnologies.com

Key Metrics TTM

Revenue

$1.1B

+8.0% YoY

Net Income

$117M

EPS (Diluted)

$4.54

Free Cash Flow

$156M

Revenue / Share

$41.28

Gross Margin

41.1%

Operating Margin

15.0%

Net Margin

11.0%

FCF Margin

14.6%

P/S

7.8x

P/E

70.9x

Earnings Reports

Q2 2026

May 6, 2026

PENDING

Q1 2026

Feb 9, 2026

$290M+35.0%EPS $1.11

FY 2025

Dec 1, 2025

$1.1B+19.2%EPS $11.55

Q2 2025

May 9, 2025

$266M+6.6%EPS $1.20

Q1 2025

Feb 10, 2025

$215M-1.7%EPS $0.91

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$181M	$68M	$20M
Q4 21	$205M	$77M	$26M
Q1 22	$177M	$69M	$16M
Q2 22	$205M	$77M	$22M
Q3 22	$219M	$85M	$31M
Q4 22	$256M	$102M	$43M
Q1 23	$206M	$79M	$21M
Q2 23	$229M	$87M	$26M
Q3 23	$249M	$101M	$0
Q4 23	$273M	$108M	$0
Q1 24	$218M	$84M	$22M
Q2 24	$249M	$97M	$33M
Q4 24	$299M	$120M	$52M
Q1 25	$215M	$90M	$27M
Q2 25	$266M	$109M	$43M
Q1 26	$290M	$120M	$38M

Valuation

Quarter	P/S	P/E
Q3 21	11.6x	381.7x
Q4 21	11.6x	131.2x
Q1 22	11.4x	133.9x
Q2 22	10.8x	131.4x
Q3 22	10.3x	116.3x
Q4 22	9.7x	101.2x
Q1 23	9.4x	97.4x
Q2 23	9.2x	95.9x
Q3 23	8.9x	90.9x
Q4 23	8.7x	90.0x
Q1 24	8.6x	89.6x
Q2 24	8.4x	84.7x
Q4 24	8.0x	79.6x
Q1 25	8.5x	86.7x
Q2 25	8.1x	74.4x
Q1 26	7.8x	70.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$18M	$11M
Q4 21	$48M	$37M
Q1 22	$2M	-$14M
Q2 22	$21M	$12M
Q3 22	$19M	$9M
Q4 22	$94M	$84M
Q1 23	-$9M	-$17M
Q2 23	$4M	-$5M
Q3 23	$35M	$25M
Q4 23	$48M	$39M
Q1 24	$9M	-$2M
Q2 24	$10M	-$932.0K
Q4 24	$72M	$57M
Q1 25	$34M	$26M
Q2 25	$24M	$11M
Q1 26	$69M	$61M

Capital Expenditures

Quarter	CapEx
Q3 21	$7M
Q4 21	$11M
Q1 22	$16M
Q2 22	$9M
Q3 22	$10M
Q4 22	$10M
Q1 23	$8M
Q2 23	$9M
Q3 23	$10M
Q4 23	$9M
Q1 24	$11M
Q2 24	$11M
Q4 24	$15M
Q1 25	$8M
Q2 25	$13M
Q1 26	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+5.1%	+7.5%
Q4 21	-1.2%	+2.2%
Q1 22	+8.8%	+10.9%
Q2 22	+23.5%	+24.2%
Q3 22	+20.8%	+16.7%
Q4 22	+24.8%	+19.3%
Q1 23	+16.1%	+14.3%
Q2 23	+11.8%	+11.1%
Q3 23	+13.5%	+32.1%
Q4 23	+6.3%	+27.4%
Q1 24	+6.2%	+6.2%
Q2 24	+8.7%	+6.3%
Q4 24	+20.0%	-0.7%
Q1 25	-21.3%	-31.3%
Q2 25	+21.6%	+13.5%
Q1 26	+16.3%	+16.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$3M	1.5%
Q4 21	$2M	0.7%
Q1 22	$2M	1.0%
Q2 22	$2M	0.9%
Q3 22	$2M	0.9%
Q4 22	$2M	0.8%
Q1 23	$2M	0.9%
Q2 23	$3M	1.5%
Q3 23	$2M	0.7%
Q4 23	$2M	0.7%
Q1 24	$2M	1.0%
Q2 24	$2M	0.8%
Q4 24	$2M	0.7%
Q1 25	$3M	1.2%
Q2 25	$3M	1.1%
Q1 26	$3M	1.1%

OpEx Breakdown

Quarter	SG&A
Q3 21	$43M
Q4 21	$45M
Q1 22	$47M
Q2 22	$48M
Q3 22	$47M
Q4 22	$53M
Q1 23	$51M
Q2 23	$54M
Q3 23	$55M
Q4 23	$57M
Q1 24	$54M
Q2 24	$55M
Q4 24	$60M
Q1 25	$55M
Q2 25	$58M
Q1 26	$61M

Revenue Segments

Quarter	Aerospace And Defense	R F Shielding And Test	Utility Solutions
Q3 21	$86M	$48M	$48M
Q4 21	$79M	$64M	$61M
Q1 22	$70M	$43M	$63M
Q2 22	$85M	$56M	$64M
Q3 22	$93M	$59M	$67M
Q4 22	$104M	$69M	$83M
Q1 23	$83M	$51M	$71M
Q2 23	$99M	$51M	$79M
Q3 23	$103M	$55M	$90M
Q4 23	$107M	$63M	$102M
Q1 24	$95M	$41M	$83M
Q2 24	$115M	$47M	$87M
Q4 24	$124M	$66M	$108M
Q2 25	$123M	$51M	$91M
Q1 26	$144M	$58M	$87M

Revenue by Geography

Quarter	Non-US	United States
Q3 23	$75M	$173M
Q1 24	$60M	$158M
Q2 24	$74M	$175M
Q4 24	$77M	$222M
Q2 25	$80M	$186M
Q1 26	$100M	$190M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$54M	$0	$54M
Q3 22	$61M	$0	$61M
Q4 22	$98M	$0	$98M
Q1 23	$52M	$0	$52M
Q2 23	$48M	$0	$48M
Q3 23	$56M	$0	$56M
Q4 23	$42M	$0	$42M
Q1 24	$51M	$0	$51M
Q2 24	$59M	$0	$59M
Q3 24	$63M	$0	$63M
Q4 24	$66M	$0	$66M
Q1 25	$71M	$0	$71M
Q2 25	$57M	$0	$57M
Q3 25	$79M	$0	$79M
Q4 25	$101M	$0	$101M
Q1 26	$104M	$0	$104M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	26M	+0.0%	+0.3%
Q4 21	26M	0.0%	+0.7%
Q1 22	26M	-0.3%	-0.2%
Q2 22	26M	-0.4%	-0.6%
Q3 22	26M	-0.4%	-1.0%
Q4 22	26M	+0.2%	-0.9%
Q1 23	26M	-0.2%	-0.8%
Q2 23	26M	-0.2%	-0.6%
Q3 23	26M	-0.3%	-0.5%
Q4 23	26M	+0.1%	-0.5%
Q1 24	26M	-0.1%	-0.4%
Q2 24	26M	+0.0%	-0.2%
Q4 24	26M	+0.1%	+0.2%
Q1 25	26M	-0.1%	-0.1%
Q2 25	26M	0.0%	-0.0%
Q1 26	26M	+0.2%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$63.8K	3K
Q4 21	$72.8K	3K
Q1 22	$62.7K	3K
Q2 22	$72.6K	3K
Q3 22	$77.6K	3K
Q4 22	$87.8K	3K
Q1 23	$70.3K	3K
Q2 23	$78.4K	3K
Q3 23	$85.1K	3K
Q4 23	$85.3K	3K
Q1 24	$68.3K	3K
Q2 24	$78.0K	3K
Q4 24	$91.0K	3K
Q1 25	$65.4K	3K
Q2 25	$80.9K	3K
Q1 26	$84.6K	3K

Revenue / Employee