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Maker of specialized filtration, test instruments and utility solutions for aerospace, industrial and utility customers.
Maker of specialized filtration, test instruments and utility solutions for aerospace, industrial and utility customers.
Its parts are specified into aircraft and defense programmes, then bought again as replacements, so the installed base provides recurring sales. Utility diagnostic and monitoring equipment is sold to power companies under the Doble name, and test chambers go to electronics makers.
Moat: narrow (customer qualification, IP / patents). Aerospace filtration and specialized test products require long qualification cycles.
Headquarters: St. Louis, Missouri, US · Founded: 1990 · Employees: 3,425
Size ESCO Technologies (ESE) is a United States Industrials company (Electronic Equipment/Instruments) with a market value of $7.14B, the 949th largest of 3,117 United States companies the cockpit tracks. Shares closed at $230.41 on 6 Nov 2026.
Performance Over six months the shares fell 24.0%, against -12.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 15 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +6.6%); the operating margin is 15.7% (peer median 15.0%).
Valuation It trades at 25.8× forward earnings against a peer median of 19.6× (5th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.6 points below its cost of capital (10.1% WACC).
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.29B | $1.10B | $919M | $956M | $858M |
| Revenue growth | — | +19% | -4% | +11% | — |
| Gross profit | $461M | $408M | $356M | $347M | $306M |
| EBITDA | $309M | $248M | $200M | $180M | $159M |
| Net income | $142M | $127M | $102M | $92.5M | $82.3M |
| Free cash flow | $207M | $206M | $99.3M | $54.5M | $103M |
| Capital expenditure | $47.4M | $52.2M | $40.2M | $34.8M | $45.0M |
| Total debt | $151M | $253M | $180M | $164M | $209M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ESCO Technologies ESE | $7.14B | -24% | +17% | 16% | 25.8× | 25.5% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Donaldson DCI | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% |
| Itron ITRI | $4.32B | +20% | -4% | 14% | 14.5× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ESE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | -8.9% | 8th highest of 15 |
| 6-month return | -24.0% | -12.6% | 3rd lowest of 15 |
| Distance from 52-week high | -36.4% | -27.3% | 5th lowest of 15 |
| Revenue growth (TTM) | +16.6% | +6.6% | 3rd highest of 15 |
| Operating margin | 15.7% | 15.0% | 5th highest of 15 |
| Forward P/E | 25.8× | 19.6× | 5th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 25.5% | 13.4% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +8.4% | +6.6% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | +17.1 pp | +2.7 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | -0.6 pp | +3.3 pp | 3rd lowest of 15 |
| EV / EBITDA | 23.4× | 16.7× | 4th most expensive of 13 |
| Net debt / EBITDA | 0.2× | -0.4× | 6th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ESCO Technologies ESE | United States | $7.14B | -24% | +17% | 16% | 25.8× | 25.5% | +8.4% |
| China Railway Signal & Communication 3969.HK | Hong Kong | $7.40B | -15% | +6% | 12% | 7.4× | -6.9% | -3.6% |
| Ralliant RAL | United States | $7.49B | +43% | -4% | 15% | 19.2× | 20.5% | -0.3% |
| MSA Safety MSA | United States | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% | +6.8% |
| APAR Industries APARINDS.NS | India | $6.25B | +10% | +23% | 9% | 34.6× | n/a | n/a |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| Sensata Technologies ST | United States | $5.72B | -13% | +4% | 16% | 9.9× | 5.2% | +4.1% |
| Posco Future M 003670.KS | South Korea | $10.6B | -36% | -9% | 2% | 282.1× | n/a | n/a |
| Azbil 6845.T | Japan | $4.63B | -2% | +1% | 15% | 18.7× | 5.5% | +3.9% |
| Hitachi Energy India POWERINDIA.NS | India | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% | +19.0% |
| NXT NXT | United States | $15.8B | -17% | +14% | 19% | 20.9× | 22.0% | +24.4% |
| Honeywell Automation India HONAUT.NS | India | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% | +9.2% |
| Standex International SXI | United States | $2.76B | -13% | +8% | 18% | 20.9× | 15.2% | +6.3% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| Shihlin Electric & Engineering 1503.TW | Taiwan | $2.51B | -20% | +8% | 12% | 18.9× | 11.5% | +7.7% |