ESCO TECHNOLOGIES INC ESE

Technology SIC 3669 - Communications Equipment, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Other Communications Equipment Manufacturing derived NYSE

The Registrant is ESCO Technologies Inc. (NYSE: ESE), sometimes referred to in this report as ESCO. Except where the context indicates otherwise, the terms "Company", "we", "our" and "us" are used in this report to refer to ESCO together with its subsidiaries through which its businesses are conducted. We are:

● A global provider of highly engineered components and systems for aviation, Navy, defense and industrial customers;

● An industry leader in designing and manufacturing radio frequency (RF) test and measurement products and systems; and

● A provider of diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries.

Last close 232.10 2026-10-23
Market cap $6.01B 2026-06-30 share count
52-week range 193.68 - 362.15

Valuation FY2025 figures against the last close

P/S5.5x
P/E20.1x
P/FCF29.2x
EV/EBITDA24.9x
Dividend yield0.1%
Diluted EPS11.55

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
Revenue by geography, 2 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 727.3M (66.4%) 66% United States International, FY2025: 368.1M (33.6%) 34% International FY2024 United States, FY2024: 632.8M (68.9%) 69% International, FY2024: 286.3M (31.1%) 31%
Region FY2025FY2024
United States $727.3M $632.8M
International $368.1M $286.3M

As the company reported it, from the “Revenues - Disaggregation of Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.10B$919.1M$855.8M$857.5M$715.4M$730.5M$726.0M$683.6M$685.7M$571.5M
Cost of revenue $634.3M$530.6M$502.7M$525.5M$445.0M$458.3M$438.0M$419.7M$436.9M$350.8M
Gross profit $461.1M$388.6M$353.1M$332.0M$270.4M$272.2M$288.0M$263.9M$248.8M$220.7M
R&D $23.0M$12.0M$13.0M$12.3M$15.4M$13.3M$12.1M$10.9M$14.0M$12.2M
SG&A $234.6M$208.2M$203.5M$195.1M$167.5M$159.5M$162.7M$153.1M$148.4M$131.5M
Total operating expenses $942.5M$788.2M$745.4M$751.1M$634.8M$694.1M$628.2M$602.6M$605.6M$503.0M
Operating income $170.4M$146.2M$119.1M———————
Interest expense $17.5M$15.2M$8.8M$4.9M$2.2M$6.7M$8.1M$8.8M$4.6M$1.3M
Pre-tax income $152.9M$131.0M$110.4M$106.4M$80.7M$36.4M$97.9M$81.1M$80.2M$68.4M
Income tax $36.6M$28.3M$24.7M$24.1M$17.2M$13.5M$20.4M$5.2M$26.4M$22.5M
Net income $299.2M$101.9M$92.5M$82.3M$63.5M$99.4M$81.0M$92.1M$53.7M$45.9M
EPS, basic 11.593.953.593.172.443.823.123.562.081.78
EPS, diluted 11.553.943.583.162.423.813.103.542.071.77
Shares, diluted (wtd. avg.) 25.9M25.9M25.9M26.1M26.2M26.1M26.1M26.1M26.0M26.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $101.3M$66.0M$41.9M$97.7M$56.2M$52.6M$61.8M$30.5M$45.5M$53.8M
Receivables $253.6M$222.1M$189.3M$164.6M$146.3M$144.1M$158.7M$163.7M$160.6M$121.5M
Inventory $217.8M$195.5M$184.1M$162.4M$147.1M$135.3M$125.0M$135.4M$124.5M$105.5M
Total current assets $688.5M$668.6M$581.1M$572.6M$466.2M$443.3M$495.2M$396.0M$392.8M$323.5M
Property, plant and equipment $172.5M$149.3M$155.5M$156.0M$154.3M$139.9M$127.8M$135.0M$132.7M$92.4M
Goodwill $761.9M$529.9M$493.2M$492.7M$504.9M$408.1M$390.3M$361.9M$10.7M$30.1M
Other intangibles $724.0M$403.5M$392.1M$394.5M$409.2M$346.6M$381.6M$345.4M$351.1M$231.8M
Total assets $2.41B$1.84B$1.68B$1.65B$1.58B$1.37B$1.47B$1.27B$1.26B$978.4M
Accounts payable $96.5M$88.9M$87.0M$78.7M$56.7M$50.5M$63.8M$63.0M$54.8M$42.1M
Short-term debt $20.0M$20.0M$20.0M$20.0M$20.0M$22.4M$20.0M$20.0M$20.0M$20.0M
Total current liabilities $508.1M$349.9M$314.7M$318.1M$275.0M$255.5M$251.6M$200.5M$195.0M$158.1M
Long-term debt $166.0M$102.0M$82.0M$133.0M$134.0M$40.0M$265.0M$200.0M$255.0M$90.0M
Total liabilities $869.5M$601.3M$552.1M$606.3M$557.6M$411.2M$640.5M$505.7M$588.5M$363.3M
Retained earnings $1.37B$1.08B$989.3M$905.0M$831.0M$775.8M$684.7M$606.8M$516.7M$471.3M
Total equity $1.54B$1.24B$1.13B$1.05B$1.02B$959.0M$826.2M$759.4M$671.9M$615.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $241.9M$127.5M$76.9M$135.3M$123.1M$82.3M$105.1M$93.3M$67.3M$73.9M
Depreciation and amortisation $75.0M$52.2M$47.7M$48.3M$42.0M$41.3M$36.0M$33.7M$32.2M$23.6M
Stock-based compensation $10.7M$8.6M$8.9M$7.3M$6.9M$5.5M$5.1M$5.0M$5.4M$4.7M
Capital expenditure $36.3M$28.3M$19.7M$32.1M$26.7M$32.1M$24.2M$15.2M$29.7M$13.8M
Investing cash flow -$255.8M-$104.6M-$52.5M-$55.9M-$202.4M$141.0M-$125.1M-$41.6M-$233.9M-$104.6M
Financing cash flow $49.5M-$773.0K-$78.3M-$32.1M$81.5M-$236.2M$49.8M-$68.3M$156.8M$46.2M
Dividends paid $8.3M$8.2M$8.3M$8.3M$8.3M$8.3M$8.3M$8.3M$8.3M$8.2M
Buybacks —$8.0M$12.4M$19.9M———$0$0$4.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-25-117276.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 571.5M Gross profit, FY2016: 220.7M Net income, FY2016: 45.9M Revenue, FY2017: 685.7M Gross profit, FY2017: 248.8M Net income, FY2017: 53.7M Revenue, FY2018: 683.6M Gross profit, FY2018: 263.9M Net income, FY2018: 92.1M Revenue, FY2019: 726M Gross profit, FY2019: 288M Net income, FY2019: 81M Revenue, FY2020: 730.5M Gross profit, FY2020: 272.2M Net income, FY2020: 99.4M Revenue, FY2021: 715.4M Gross profit, FY2021: 270.4M Net income, FY2021: 63.5M Revenue, FY2022: 857.5M Gross profit, FY2022: 332M Net income, FY2022: 82.3M Revenue, FY2023: 855.8M Gross profit, FY2023: 353.1M Net income, FY2023: 92.5M Revenue, FY2024: 919.1M Gross profit, FY2024: 388.6M Net income, FY2024: 101.9M Revenue, FY2025: 1.1B Gross profit, FY2025: 461.1M Net income, FY2025: 299.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $571.5M $685.7M $683.6M $726.0M $730.5M $715.4M $857.5M $855.8M $919.1M $1.10B
Gross profit $220.7M $248.8M $263.9M $288.0M $272.2M $270.4M $332.0M $353.1M $388.6M $461.1M
Net income $45.9M $53.7M $92.1M $81.0M $99.4M $63.5M $82.3M $92.5M $101.9M $299.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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