# ESCO Technologies Inc. (ESE)

> Source: Nexqual · https://nexqual.com/ESE · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, ESCO Technologies Inc. (ESE), nexqual.com/ESE" · informational, not investment advice.

**Price:** USD 232.1 (-0.38% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 232.99 · day 225.04–234.16 · 52w 193.68–362.15 · market cap $6.01B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.29B, net income $315M (24.4% margin), free cash flow $207M (SEC filings).
- Valuation: P/E 19.1x (avg 26.8x at the last 3 fiscal year-ends), net debt $11.8M.
- Analysts: Buy (mean 1.50 on a 1–5 scale) (4 analysts), mean target USD 352.75 (range 331–385).
- Total return with dividends: 1Y +5.0% vs S&P 500 +13.4%; 5Y +178.2% vs S&P 500 +76.9%.
- Next earnings: 2026-11-19, EPS estimate USD 2.6, revenue estimate $376M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $715M | $858M | $856M | $919M | $1.10B | $1.29B |
| Gross profit | $270M | $332M | $353M | $389M | $461M | — |
| Operating income | — | — | $119M | $146M | $170M | — |
| Net income | $63.5M | $82.3M | $92.5M | $102M | $299M | $315M |
| EPS (diluted) | $2.42 | $3.16 | $3.58 | $3.94 | $11.55 | — |
| Free cash flow | $96.4M | $103M | $57.2M | $99.3M | $206M | $207M |
| Gross margin | 37.8% | 38.7% | 41.3% | 42.3% | 42.1% | — |
| Operating margin | — | — | 13.9% | 15.9% | 15.6% | — |
| Net margin | 8.9% | 9.6% | 10.8% | 11.1% | 27.3% | 24.4% |
| Revenue growth | -2.1% | +19.9% | -0.2% | +7.4% | +19.2% | — |
| Cash + short-term investments | $56.2M | $97.7M | $41.9M | $66.0M | $101M | — |
| Total debt | $154M | $153M | $102M | $122M | $186M | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.1x · P/S 4.7x · EV/Sales 4.7x · P/FCF 29.0x · P/B 3.7x · FCF yield 3.45% · Earnings yield 5.24% · Dividend yield (paid, TTM) 0.14% · Net debt $11.8M · EV $6.02B
P/E at fiscal year-ends: Sep 2025 18.3x, Sep 2024 32.8x, Sep 2023 29.2x.

## Analysts
Consensus Buy (mean 1.50 on a 1–5 scale), 4 analysts; mean target USD 352.75 (low 331, high 385).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | JP Morgan | Target lowered | Overweight | $420 → $350 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +5.0% | +178.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +5.0% | +22.7% |
| Volatility (annualized) | 34.8% | 29.3% |
| Max drawdown | -34.6% (Jun 2026→Oct 2026) | -34.4% (Nov 2021→May 2022) |

## Peers (Scientific & Technical Instruments)
ST (Sensata Technologies Holding pl) USD 40.38 -0.79% · NOVT (Novanta Inc.) USD 140.8 +3.03% · VNT (Vontier Corporation) USD 34.36 -0.52% · BMI (Badger Meter, Inc.) USD 151.24 +1.07% · CGNX (Cognex Corporation) USD 55.55 +1.74% · ITRI (Itron, Inc.) USD 87.65 -0.59%

## More
Full page: https://nexqual.com/ESE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Aerospace & Defense | $168.2M | 49.6% | +23.4% | $50.4M | 30.0% |
| Utility Solutions Group | $100.0M | 29.5% | +8.2% | $22.0M | 22.0% |
| RF Shielding & Test | $70.9M | 20.9% | +4.7% | $10.9M | 15.4% |
| Total revenue | $339.0M | 100% | — | $83.3M | 24.6% |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $218.1M | 64.3% | +12.6% |
| Non Us | $120.9M | 35.7% | +17.9% |
| Total revenue | $339.0M | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "Business Outlook – FY 2026 FY 2026 Sales and Adjusted EPS Guidance Update: ·"
- "Raising the lower end of FY 2026 Sales guidance and now expect Sales to be in the range of $1.30 to $1.33 billion (19 to 21 percent growth over the prior year). ·"
- "Raising full year Adjusted EPS guidance to a range of $8.30 - $8.40 per share (38 to 39 percent growth), which reflects a midpoint increase of $0.70 per share from our initial November guidance ($7.50 - $7.80) and $0.22 per share from our more recent May guidance update of ($8.00 - $8.25). ·"
- "Q4'26 Adjusted EPS is expected to be in the range of $2.55 - $2.65 per share (10 to 14 percent growth compared to Q4'25 Adjusted EPS)."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.60 | $2.53 | +2.5% | $375.6M | 4 |
| Next quarter (ends 2026-12-31) | $1.79 | $1.82 | -1.3% | $361.6M | 3 |
| Current fiscal year (ends 2026-09-30) | $8.37 | $8.20 | +2.0% | $1.31B | 4 |
| Next fiscal year (ends 2027-09-30) | $9.22 | $9.09 | +1.4% | $1.72B | 4 |