ESAB vs NOVT
Comparison between ESAB Corp (ESAB, Company) and Novanta Inc (NOVT, Company).
ESAB is from the Industrials sector, while NOVT is from the Technology sector.
ESAB vs NOVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
ESAB
$5.53B
Winner
NOVT
$5.54B
Max Drawdown
Winner
ESAB
41.24%
NOVT
46.71%
Sharpe Ratio
ESAB
-0.96
Winner
NOVT
0.41
5Y Beta
Winner
ESAB
1.21
NOVT
1.59
Industry
ESAB
Metal Fabrication
NOVT
Scientific & Technical Instruments
P/E Ratio
Winner
ESAB
26.62
NOVT
103.32
Forward P/E
ESAB
14.97
Winner
NOVT
8.39
PEG Ratio
Winner
ESAB
1.06
NOVT
2.11
Dividend Yield
ESAB
0.45%
NOVT
N/A
5Y EPS CAGR
ESAB
N/A
NOVT
3.84%
Debt to Equity
ESAB
92.94%
Winner
NOVT
18.41%
Free Cash Flow Yield
Winner
ESAB
3.95%
NOVT
1.24%
P/S Ratio
Winner
ESAB
1.91
NOVT
5.49
P/B Ratio
Winner
ESAB
2.81
NOVT
3.75
ESAB vs NOVT - Historical Returns
Returns include dividend reinvestment.
1M
ESAB
-21.51%
Winner
NOVT
+11.55%
3M
ESAB
-35.23%
Winner
NOVT
+1.81%
6M
ESAB
-19.33%
Winner
NOVT
+46.60%
1Y
ESAB
-34.64%
Winner
NOVT
+14.15%
5Y(CAGR)
Winner
ESAB
+13.90%
NOVT
+1.56%
10Y(CAGR)
ESAB
N/A
NOVT
+25.96%
Max(CAGR)
ESAB
+13.90%
Winner
NOVT
+26.19%
ESAB vs NOVT - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | ESAB | NOVT |
|---|---|---|
| 2026 | -24.86% | +32.76% |
| 2025 | -5.28% | -21.16% |
| 2024 | +41.37% | -7.02% |
| 2023 | +79.15% | +24.91% |
| 2022 | -5.81% | -21.81% |
| 2021 | N/A | +49.84% |
| 2020 | N/A | +29.17% |
| 2019 | N/A | +38.01% |
| 2018 | N/A | +24.75% |
| 2017 | N/A | +132.02% |
| 2016 | N/A | +58.85% |
ESAB vs NOVT Drawdown Comparison
The maximum drawdown for ESAB was -41.08%, occurring on Oct 14, 2022. Recovery took 194 trading sessions.
The maximum drawdown for NOVT was -46.71%, occurring on Nov 20, 2025. This drawdown has not yet recovered.
The current ESAB drawdown is -37.26%. The current NOVT drawdown is -20.75%.
| Rank | ESAB | NOVT |
|---|---|---|
| #1 | -41.08% Apr 13, 2022 - Jan 23, 2023 | -46.71% Jul 16, 2024 - Nov 20, 2025 |
| #2 | -37.26% Feb 13, 2026 - May 19, 2026 | -38.60% Nov 4, 2021 - Jun 29, 2023 |
| #3 | -22.54% Nov 11, 2024 - Feb 13, 2026 | -34.98% Jul 17, 2023 - Jul 16, 2024 |
| #4 | -19.20% Apr 8, 2024 - Oct 18, 2024 | -31.80% Feb 13, 2020 - May 20, 2020 |
| #5 | -15.27% Aug 1, 2023 - Nov 3, 2023 | -27.81% Aug 27, 2018 - Feb 22, 2019 |
| #6 | -10.24% Mar 29, 2022 - Apr 12, 2022 | -24.96% Jun 28, 2019 - Jan 13, 2020 |
| #7 | -10.08% Feb 2, 2023 - Jun 2, 2023 | -19.00% Nov 21, 2017 - Jan 16, 2018 |
| #8 | -5.09% Jun 16, 2023 - Jun 29, 2023 | -18.56% Jan 26, 2018 - Apr 17, 2018 |
| #9 | -4.90% Dec 28, 2023 - Jan 23, 2024 | -16.09% Aug 6, 2020 - Oct 9, 2020 |
| #10 | -4.02% Nov 24, 2023 - Dec 5, 2023 | -15.54% Feb 12, 2021 - Aug 11, 2021 |
| #11 | -3.55% Jun 30, 2023 - Jul 10, 2023 | -11.81% Jun 5, 2020 - Aug 6, 2020 |
| #12 | -3.41% Oct 18, 2024 - Oct 29, 2024 | -11.56% Apr 12, 2019 - Jun 18, 2019 |
| #13 | -2.70% Jul 12, 2023 - Aug 1, 2023 | -11.54% Jun 14, 2018 - Jul 20, 2018 |
| #14 | -2.47% Jun 2, 2023 - Jun 7, 2023 | -11.40% Jan 5, 2016 - Mar 4, 2016 |
| #15 | -2.41% Oct 29, 2024 - Nov 5, 2024 | -11.16% Sep 24, 2021 - Oct 22, 2021 |
Correlation
Correlation between ESAB and NOVT is -0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.07
-101
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