Both in General Industrial Machinery

ESAB vs Gates Industrial

Over the past year ESAB returned −33.9% and GTES returned +11.0%; their daily moves had a correlation of 0.60.

ESAB −33.9% GTES +11.0%Growth of $1, one year, split-adjusted
MetricESABGTES
Price$76.05$24.57
Market cap$4.73B$6.17B
Today−0.33%+2.33%
1 month+6.4%−11.7%
6 months−21.8%0.0%
Year to date−31.9%+14.4%
1 year−34.9%+11.3%
Revenue growth (YoY)+12.9%+5.6%
Gross margin38.0%42.4%
Net margin3.8%9.6%
P/E (TTM)27.8×16.7×
Price / sales1.6×1.7×
Net cash-$2.18B-$1.39B
Dividend yield0.63%—
Volatility (60d)47.2%35.8%
Short % of float8.1%4.7%
Next earnings——

Shading marks the stronger figure where one clearly exists (lower is better for valuation and volatility).