8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 21, 2026·SEC
Material company update
Feb 12, 2026·SEC
Lincoln Electric Holdings, Inc.(LECO)Earnings, Financials & Key Ratios
LECO•NASDAQ
29.5× P/E·Price updated Jun 19, 2026
AboutLincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.Show more
- Revenue$4.23B+5.5%
- EBITDA$813M+12.3%
- Net Income$521M+11.7%
- EPS (Diluted)9.32+14.4%
- Gross Margin36.3%-1.5%
- EBITDA Margin19.23%+6.4%
- Operating Margin16.9%+6.4%
- Net Margin12.3%+5.8%
- ROE37.22%+5.3%
LECO Key Insights
Lincoln Electric Holdings, Inc. (LECO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 25 years of consecutive increases
- ✓Excellent 3Y average ROE of 39.7%
- ✓Strong 5Y profit CAGR of 20.4%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 2.3% through buybacks
- ✓Healthy 5Y average net margin of 11.6%
✗Weaknesses
- ✗Expensive at 10.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when LECO posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
LECO Price & Volume
Lincoln Electric Holdings, Inc. (LECO) stock price & volume — 10-year historical chart
Loading chart...
LECO Growth Metrics
Lincoln Electric Holdings, Inc. (LECO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.25%
5 Years9.76%
3 Years4%
TTM7.81%
Profit CAGR
10 Years15.11%
5 Years20.36%
3 Years3.3%
TTM16.75%
EPS CAGR
10 Years18.55%
5 Years22.2%
3 Years5.05%
TTM19.48%
Return on Capital
10 Years23.25%
5 Years26.88%
3 Years26.45%
Last Year26.18%
LECO Recent Earnings
Lincoln Electric Holdings, Inc. (LECO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.50+3.3%
$2.42
Rev
$1.1B+4.5%
$1.1B
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$2.65+4.3%
$2.54
Rev
$1.1B-2.0%
$1.1B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$2.47+3.3%
$2.39
Rev
$1.1B-2.9%
$1.1B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$2.60+12.6%
$2.31
Rev
$1.1B+4.5%
$1.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.50vs $2.42+3.3% | $1.1Bvs $1.1B+4.5% |
| Q1 2026 | Feb 12, 2026 | $2.65vs $2.54+4.3% | $1.1Bvs $1.1B-2.0% |
| Q4 2025 | Oct 30, 2025 | $2.47vs $2.39+3.3% | $1.1Bvs $1.1B-2.9% |
| Q3 2025 | Jul 31, 2025 | $2.60vs $2.31+12.6% | $1.1Bvs $1.0B+4.5% |
Based on last 12 quarters of dataView full earnings history →
LECO Peer Comparison
Lincoln Electric Holdings, Inc. (LECO) competitors in Welding and cutting equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ITW | 76.11B | 264.09 | 25.18 | 0.92% | 19.32% | 97.35% | 2.78 | |
 IR | 30.51B | 77.91 | 53.73 | 5.75% | 7.54% | 5.76% | 0.47 | |
 SWK | 13.49B | 86.75 | 32.74 | -1.53% | 2.44% | 4.12% | 0.65 | |
 PH | 120.32B | 953.27 | 35.15 | -0.4% | 16.58% | 24.26% | 0.70 | |
 EMR | 84.38B | 150.66 | 37.29 | 3% | 13.35% | 12.1% | 0.68 | |
 ESAB | 6.47B | 106.20 | 28.55 | 3.71% | 7.12% | 9.5% | 0.65 | |
 GTLS | 9.96B | 207.99 | 630.27 | 2.49% | -0.63% | -0.78% | 1.11 | |
 HLIO | 2.99B | 90.49 | 62.41 | 4.11% | 6.98% | 6.59% | 0.12 |
Compare LECO vs Peers
Lincoln Electric Holdings, Inc. (LECO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LECO Income Statement
Lincoln Electric Holdings, Inc. (LECO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.62B | 3.03B | 3B | 2.66B | 3.23B | 3.76B | 4.19B | 4.01B | 4.23B | 4.35B |
Revenue Growth % | 15.38% | 15.4% | -0.84% | -11.58% | 21.8% | 16.3% | 11.44% | -4.37% | 5.54% | 7.81% |
Cost of Goods Sold | 1.74B | 2B | 2B | 1.78B | 2.17B | 2.48B | 2.71B | 2.53B | 2.7B | 2.78B |
COGS % of Revenue | 66.48% | 66.04% | 66.45% | 67.19% | 66.96% | 65.95% | 64.75% | 63.13% | 63.7% | - |
Gross Profit | 879.68M▲ 0% | 1.03B▲ 16.9% | 1.01B▼ 2.0% | 871.34M▼ 13.5% | 1.07B▲ 22.6% | 1.28B▲ 19.9% | 1.48B▲ 15.4% | 1.48B▲ 0.0% | 1.54B▲ 3.9% | 1.57B▲ 0% |
Gross Margin % | 33.52% | 33.96% | 33.55% | 32.81% | 33.04% | 34.05% | 35.25% | 36.87% | 36.3% | 36.1% |
Gross Profit Growth % | 11.84% | 16.92% | -2.04% | -13.52% | 22.64% | 19.85% | 15.38% | 0.02% | 3.9% | - |
Operating Expenses | 502.74M | 652.98M | 636.68M | 589.27M | 606.94M | 668.42M | 759.85M | 841.48M | 820.67M | 824.9M |
OpEx % of Revenue | 19.16% | 21.56% | 21.2% | 22.19% | 18.77% | 17.77% | 18.13% | 20.99% | 19.4% | - |
Selling, General & Admin | 483.21M | 573.41M | 565.34M | 490.07M | 418.55M | 587.5M | 703.65M | 683.84M | 735.12M | 824.9M |
SG&A % of Revenue | 18.41% | 18.93% | 18.82% | 18.46% | 12.94% | 15.62% | 16.79% | 17.06% | 17.38% | - |
Research & Development | 47.9M | 54.17M | 56.84M | 51.41M | 55.97M | 63.21M | 71.23M | 81.82M | 85.55M | 0 |
R&D % of Revenue | 1.83% | 1.79% | 1.89% | 1.94% | 1.73% | 1.68% | 1.7% | 2.04% | 2.02% | - |
Other Operating Expenses | -28.36M | 25.4M | 14.49M | 47.78M | 132.41M | 17.71M | -15.04M | 75.82M | 0 | 0 |
Operating Income | 377.71M▲ 0% | 375.54M▼ 0.6% | 370.91M▼ 1.2% | 282.07M▼ 24.0% | 461.67M▲ 63.7% | 612.34M▲ 32.6% | 717.85M▲ 17.2% | 636.46M▼ 11.3% | 714.95M▲ 12.3% | 744.2M▲ 0% |
Operating Margin % | 14.39% | 12.4% | 12.35% | 10.62% | 14.27% | 16.28% | 17.13% | 15.88% | 16.9% | 17.12% |
Operating Income Growth % | 31.03% | -0.57% | -1.23% | -23.95% | 63.67% | 32.64% | 17.23% | -11.34% | 12.33% | - |
EBITDA | 445.83M | 447.88M | 452.4M | 362.56M | 542.82M | 690.39M | 804.52M | 724.7M | 813.5M | 844.97M |
EBITDA Margin % | 16.99% | 14.79% | 15.06% | 13.65% | 16.78% | 18.36% | 19.19% | 18.08% | 19.23% | 19.44% |
EBITDA Growth % | 26.17% | 0.46% | 1.01% | -19.86% | 49.72% | 27.19% | 16.53% | -9.92% | 12.25% | 16.82% |
D&A (Non-Cash Add-back) | 68.11M | 72.35M | 81.49M | 80.49M | 81.15M | 78.06M | 86.67M | 88.24M | 98.55M | 100.77M |
EBIT | 348.58M | 400.94M | 385.4M | 329.85M | 594.08M | 630.05M | 702.81M | 712.28M | 714.95M | 744.2M |
Net Interest Income | -19.43M | -17.57M | -23.41M | -21.97M | -22.21M | -29.5M | -44.37M | -42.79M | -54.32M | -55.57M |
Interest Income | 4.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.82M | 4.56M |
Interest Expense | 24.22M | 17.57M | 23.41M | 21.97M | 22.21M | 29.5M | 44.37M | 42.79M | 61.13M | 60.14M |
Other Income/Expense | -10.71M | -6.88M | -2.42M | -18.03M | -136.67M | -19.51M | -30.98M | -42.31M | -39.5M | -48.63M |
Pretax Income | 366.24M▲ 0% | 368.66M▲ 0.7% | 368.49M▼ 0.0% | 264.04M▼ 28.3% | 325M▲ 23.1% | 592.83M▲ 82.4% | 686.87M▲ 15.9% | 594.15M▼ 13.5% | 675.45M▲ 13.7% | 695.57M▲ 0% |
Pretax Margin % | 13.95% | 12.17% | 12.27% | 9.94% | 10.05% | 15.76% | 16.39% | 14.82% | 15.97% | 16% |
Income Tax | 118.76M | 81.67M | 75.41M | 57.9M | 48.42M | 120.6M | 141.62M | 128.04M | 154.92M | 157.14M |
Effective Tax Rate % | 32.43% | 22.15% | 20.46% | 21.93% | 14.9% | 20.34% | 20.62% | 21.55% | 22.94% | 22.59% |
Net Income | 247.5M▲ 0% | 287.07M▲ 16.0% | 293.11M▲ 2.1% | 206.12M▼ 29.7% | 276.58M▲ 34.2% | 472.22M▲ 70.7% | 545.25M▲ 15.5% | 466.11M▼ 14.5% | 520.53M▲ 11.7% | 538.43M▲ 0% |
Net Margin % | 9.43% | 9.48% | 9.76% | 7.76% | 8.55% | 12.56% | 13.01% | 11.63% | 12.3% | 12.39% |
Net Income Growth % | 24.75% | 15.98% | 2.11% | -29.68% | 34.19% | 70.74% | 15.46% | -14.51% | 11.68% | 16.75% |
Net Income (Continuing) | 247.47M | 286.99M | 293.08M | 206.14M | 276.58M | 472.22M | 545.25M | 466.11M | 520.53M | 538.43M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 816K | 650K | 905K | 979K | -193K | -99K | 0 | 0 | 0 | 0 |
EPS (Diluted) | 3.71▲ 0% | 4.37▲ 17.8% | 4.68▲ 7.1% | 3.42▼ 26.9% | 4.60▲ 34.5% | 8.04▲ 74.8% | 9.37▲ 16.5% | 8.15▼ 13.0% | 9.32▲ 14.4% | 9.73▲ 0% |
EPS Growth % | 27.49% | 17.79% | 7.09% | -26.92% | 34.5% | 74.78% | 16.54% | -13.02% | 14.36% | 19.48% |
EPS (Basic) | 3.76 | 4.42 | 4.73 | 3.46 | 4.66 | 8.14 | 9.51 | 8.23 | 9.39 | - |
Diluted Shares Outstanding | 66.64M | 65.68M | 62.66M | 60.25M | 60.06M | 58.75M | 58.22M | 57.19M | 55.88M | 55.32M |
Basic Shares Outstanding | 65.74M | 64.89M | 61.96M | 59.63M | 59.31M | 58.03M | 57.36M | 56.64M | 55.41M | 54.82M |
Dividend Payout Ratio | 37.35% | 35.55% | 40.23% | 57.31% | 44.06% | 27.68% | 27.15% | 34.79% | 32.32% | - |
LECO Balance Sheet
Lincoln Electric Holdings, Inc. (LECO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.37B | 1.24B | 1.08B | 1.11B | 1.29B | 1.56B | 1.69B | 1.65B | 1.74B | 1.86B |
Cash & Short-Term Investments | 505.83M | 358.85M | 199.56M | 257.28M | 192.96M | 197.15M | 393.79M | 377.26M | 308.79M | 298.9M |
Cash Only | 326.7M | 358.85M | 199.56M | 257.28M | 192.96M | 197.15M | 393.79M | 377.26M | 308.79M | 298.9M |
Short-Term Investments | 179.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 395.28M | 396.88M | 374.65M | 395.6M | 454.37M | 576.78M | 580.65M | 481.98M | 538.79M | 598.32M |
Days Sales Outstanding | 54.97 | 47.83 | 45.53 | 54.38 | 51.28 | 55.97 | 50.56 | 43.89 | 46.48 | 46.03 |
Inventory | 348.67M | 361.83M | 393.75M | 381.26M | 539.92M | 665.45M | 562.86M | 544.04M | 633.36M | 693.94M |
Days Inventory Outstanding | 72.94 | 66.03 | 72.01 | 78 | 91 | 97.92 | 75.7 | 78.46 | 85.78 | 86.07 |
Other Current Assets | 123.84M | 120.24M | 107.62M | 58.62M | 71.95M | 118.41M | 155.81M | 242M | 258.57M | 272.29M |
Total Non-Current Assets | 1.03B | 1.11B | 1.3B | 1.2B | 1.3B | 1.62B | 1.68B | 1.87B | 2.04B | 2.04B |
Property, Plant & Equipment | 477.03M | 478.8M | 529.34M | 565.66M | 559.71M | 589.68M | 628.6M | 619.18M | 702.76M | 720.84M |
Fixed Asset Turnover | 5.50x | 6.33x | 5.67x | 4.69x | 5.78x | 6.38x | 6.67x | 6.47x | 6.02x | 6.30x |
Goodwill | 234.58M | 281.29M | 337.11M | 335.59M | 430.16M | 665.26M | 694.45M | 804.93M | 0 | 886.37M |
Intangible Assets | 127.45M | 147.95M | 177.8M | 134.45M | 149.39M | 202.71M | 186.67M | 221M | 0 | 0 |
Long-Term Investments | -377.97M | -449.63M | -529.18M | 4.88M | 6.99M | 19.29M | 21.84M | 0 | 0 | 0 |
Other Non-Current Assets | 555.91M | 633.23M | 766.29M | 144.57M | 138.14M | 123.01M | 107.45M | 152.14M | 1.34B | 429.74M |
Total Assets | 2.41B▲ 0% | 2.35B▼ 2.4% | 2.37B▲ 0.9% | 2.31B▼ 2.4% | 2.59B▲ 12.0% | 3.18B▲ 22.7% | 3.38B▲ 6.2% | 3.52B▲ 4.2% | 3.78B▲ 7.3% | 3.9B▲ 0% |
Asset Turnover | 1.09x | 1.29x | 1.27x | 1.15x | 1.25x | 1.18x | 1.24x | 1.14x | 1.12x | 1.14x |
Asset Growth % | 23.83% | -2.36% | 0.91% | -2.39% | 12.01% | 22.69% | 6.19% | 4.23% | 7.31% | 28.16% |
Total Current Liabilities | 528.74M | 538.18M | 563.13M | 549.45M | 755.9M | 852.9M | 754.61M | 878.8M | 956.69M | 1.02B |
Accounts Payable | 269.76M | 268.6M | 273M | 256.53M | 330.23M | 352.08M | 325.44M | 296.59M | 364.93M | 448.14M |
Days Payables Outstanding | 56.43 | 49.02 | 49.93 | 52.48 | 55.66 | 51.81 | 43.77 | 42.78 | 49.42 | 52.15 |
Short-Term Debt | 2.13M | 111K | 34.97M | 14.24M | 62.95M | 103.86M | 2.44M | 110.52M | 143.78M | 163.5M |
Deferred Revenue (Current) | 19.68M | 17.02M | -307.97M | 36.32M | 112.5M | 113.53M | 0 | 0 | 0 | 96.25M |
Other Current Liabilities | 237.16M | 158.25M | 462.94M | 143.93M | 138.43M | 171.13M | 300.43M | 458.58M | 447.98M | 408.72M |
Current Ratio | 2.60x | 2.30x | 1.91x | 2.02x | 1.71x | 1.83x | 2.24x | 1.87x | 1.82x | 1.83x |
Quick Ratio | 1.94x | 1.63x | 1.21x | 1.33x | 0.99x | 1.05x | 1.50x | 1.25x | 1.16x | 1.15x |
Cash Conversion Cycle | 71.48 | 64.84 | 67.62 | 79.9 | 86.62 | 102.09 | 82.49 | 79.57 | 82.84 | 79.95 |
Total Non-Current Liabilities | 945.35M | 924.05M | 989M | 974.75M | 972.49M | 1.29B | 1.31B | 1.31B | 1.35B | 1.37B |
Long-Term Debt | 704.14M | 702.55M | 712.3M | 715.46M | 717.09M | 1.11B | 1.1B | 1.15B | 1.15B | 1.31B |
Capital Lease Obligations | 0 | 0 | 39.08M | 33.99M | 38.96M | 35.95M | 41.58M | 42.12M | 0 | 40.56M |
Deferred Tax Liabilities | 40.72M | 45.98M | 64.29M | 46.74M | 56.72M | 17.02M | 13.15M | 10.46M | 0 | 0 |
Other Non-Current Liabilities | 200.5M | 175.52M | 109.05M | 178.57M | 159.73M | 130.25M | 156.34M | 110.77M | 200.86M | 55.14M |
Total Liabilities | 1.47B | 1.46B | 1.55B | 1.52B | 1.73B | 2.15B | 2.07B | 2.19B | 2.31B | 2.39B |
Total Debt | 2.13M | 111K | 799.92M | 763.68M | 819M | 1.25B | 1.16B | 1.32B | 1.29B | 1.48B |
Net Debt | -324.57M | -358.74M | 600.36M | 506.4M | 626.04M | 1.05B | 766.1M | 939.05M | 985.22M | 1.18B |
Debt / Equity | 0.00x | 0.00x | 0.98x | 0.97x | 0.95x | 1.21x | 0.89x | 0.99x | 0.88x | 0.98x |
Debt / EBITDA | 0.00x | 0.00x | 1.77x | 2.11x | 1.51x | 1.81x | 1.44x | 1.82x | 1.59x | 1.75x |
Net Debt / EBITDA | -0.73x | -0.80x | 1.33x | 1.40x | 1.15x | 1.53x | 0.95x | 1.30x | 1.21x | 1.39x |
Interest Coverage | 14.39x | 22.83x | 16.46x | 15.01x | 26.74x | 21.36x | 15.84x | 16.65x | 11.69x | 12.38x |
Total Equity | 933.27M▲ 0% | 888.24M▼ 4.8% | 819.98M▼ 7.7% | 790.25M▼ 3.6% | 863.91M▲ 9.3% | 1.03B▲ 19.7% | 1.31B▲ 26.6% | 1.33B▲ 1.4% | 1.47B▲ 10.7% | 1.51B▲ 0% |
Equity Growth % | 30.91% | -4.82% | -7.68% | -3.63% | 9.32% | 19.69% | 26.58% | 1.42% | 10.72% | 34.21% |
Book Value per Share | 14.00 | 13.52 | 13.09 | 13.12 | 14.38 | 17.60 | 22.48 | 23.21 | 26.31 | 27.32 |
Total Shareholders' Equity | 932.45M | 887.59M | 819.08M | 789.27M | 864.1M | 1.03B | 1.31B | 1.33B | 1.47B | 1.51B |
Common Stock | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 1.47B | 0 |
Retained Earnings | 2.39B | 2.56B | 2.74B | 2.82B | 2.97B | 3.31B | 3.69B | 3.99B | 0 | 0 |
Treasury Stock | -1.55B | -1.75B | -2.04B | -2.15B | -2.31B | -2.49B | -2.68B | -2.94B | 0 | 0 |
Accumulated OCI | -247.19M | -293.74M | -275.85M | -302.19M | -257.39M | -275.3M | -229.85M | -300.13M | 0 | 0 |
Minority Interest | 816K | 650K | 905K | 979K | -193K | -99K | 0 | 0 | 0 | 0 |
LECO Cash Flow Statement
Lincoln Electric Holdings, Inc. (LECO) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 334.85M | 329.15M | 403.19M | 351.36M | 365.06M | 383.39M | 667.54M | 598.98M | 661.17M | 577.65M |
Operating CF Margin % | 12.76% | 10.87% | 13.42% | 13.23% | 11.29% | 10.19% | 15.93% | 14.94% | 15.63% | - |
Operating CF Growth % | 10.36% | -1.7% | 22.49% | -12.85% | 3.9% | 5.02% | 74.12% | -10.27% | 10.38% | -42.76% |
Net Income | 247.5M | 287.07M | 293.11M | 206.12M | 276.58M | 472.22M | 545.25M | 466.11M | 520.53M | 538.43M |
Depreciation & Amortization | 68.11M | 72.35M | 81.49M | 80.49M | 81.15M | 78.06M | 86.67M | 88.24M | 98.55M | 100.77M |
Stock-Based Compensation | 12.7M | 18.55M | 16.62M | 15.39M | 23.79M | 25.27M | 26.23M | 24.05M | 0 | 7.56M |
Deferred Taxes | 28.62M | 399K | 13.02M | -2.95M | -28.56M | -48.21M | -20.93M | -40.33M | 82.74M | 111.11M |
Other Non-Cash Items | -40.6M | -15.53M | -13.71M | 11.46M | 107.97M | 20.08M | -48.87M | 17.9M | 24.86M | 16.73M |
Working Capital Changes | 18.51M | -33.68M | 12.65M | 40.85M | -95.87M | -164.04M | 79.19M | 43.01M | -65.51M | -196.96M |
Change in Receivables | -16.81M | -4.06M | 50.39M | 3.58M | -65.84M | -65.01M | 14.98M | 52.83M | -26.43M | -52.54M |
Change in Inventory | 19.45M | -23.9M | -12.02M | 22.75M | -154.35M | -81.19M | 122.09M | 25.36M | -47.78M | -89.49M |
Change in Payables | 17.87M | 3.64M | -8.34M | -17.92M | 82.39M | 16.85M | -32.03M | -27.19M | 56.26M | 75.16M |
Cash from Investing | -272.03M | 20.84M | -192.82M | -49.21M | -205.36M | -504.69M | -74.73M | -361.23M | -257.33M | -273.74M |
Capital Expenditures | -61.66M | -71.25M | -69.61M | -59.2M | -62.53M | -71.88M | -90.99M | -116.6M | -126.97M | -139.19M |
CapEx % of Revenue | 2.35% | 2.35% | 2.32% | 2.23% | 1.93% | 1.91% | 2.17% | 2.91% | 3% | 3.2% |
Acquisitions | -72.47M | -101.79M | -134.72M | 7.67M | -156.11M | -436.3M | -32.69M | -252.75M | -137.53M | -137.39M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 2.3M | 14.76M | 11.51M | 2.32M | 13.28M | 3.49M | 48.94M | 8.12M | 7.18M | 2.84M |
Cash from Financing | -135.04M | -302.13M | -371.94M | -246.14M | -221.94M | 133.72M | -412.39M | -244.64M | -461.89M | -389.97M |
Debt Issued (Net) | -496K | -942K | 24.32M | -31.76M | 45.97M | 439.8M | -87.98M | 157.77M | 33.08M | 53.77M |
Equity Issued (Net) | -26.54M | -196.96M | -278.35M | -96.26M | -145.29M | -174.91M | -176.4M | -236.35M | -326.73M | -274.4M |
Dividends Paid | -92.45M | -102.06M | -117.92M | -118.12M | -121.85M | -130.72M | -148.01M | -162.14M | -168.24M | -169.34M |
Share Repurchases | -43.16M | -201.65M | -292.69M | -113.45M | -164.53M | -181.29M | -198.76M | -263.75M | -338.31M | -288.28M |
Other Financing | -15.55M | -2.17M | 0 | 0 | -763K | -438K | 0 | -3.92M | 0 | 0 |
Net Change in Cash | -52.48M▲ 0% | 32.15M▲ 161.3% | -159.29M▼ 595.5% | 57.72M▲ 136.2% | -64.32M▼ 211.4% | 4.19M▲ 106.5% | 196.64M▲ 4590.8% | -16.52M▼ 108.4% | -68.47M▼ 314.4% | -95.8M▲ 0% |
Free Cash Flow | 273.19M▲ 0% | 257.91M▼ 5.6% | 333.57M▲ 29.3% | 292.16M▼ 12.4% | 302.53M▲ 3.5% | 311.5M▲ 3.0% | 576.55M▲ 85.1% | 482.37M▼ 16.3% | 534.2M▲ 10.7% | 438.46M▲ 0% |
FCF Margin % | 10.41% | 8.52% | 11.11% | 11% | 9.35% | 8.28% | 13.75% | 12.03% | 12.63% | 10.09% |
FCF Growth % | 7.76% | -5.59% | 29.34% | -12.41% | 3.55% | 2.97% | 85.09% | -16.34% | 10.74% | -17.9% |
FCF per Share | 4.10 | 3.93 | 5.32 | 4.85 | 5.04 | 5.30 | 9.90 | 8.43 | 9.56 | 7.93 |
FCF Conversion (FCF/Net Income) | 1.35x | 1.15x | 1.38x | 1.70x | 1.32x | 0.81x | 1.22x | 1.29x | 1.27x | 0.81x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LECO Key Ratios
Lincoln Electric Holdings, Inc. (LECO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 30.07% | 31.52% | 34.32% | 25.6% | 33.44% | 49.76% | 46.54% | 35.36% | 37.22% | 37.29% |
Return on Invested Capital (ROIC) | 60% | 49.49% | 28.53% | 15.57% | 24.85% | 25.68% | 25.87% | 21.99% | 22.71% | 22.56% |
Gross Margin | 33.52% | 33.96% | 33.55% | 32.81% | 33.04% | 34.05% | 35.25% | 36.87% | 36.3% | 36.1% |
Net Margin | 9.43% | 9.48% | 9.76% | 7.76% | 8.55% | 12.56% | 13.01% | 11.63% | 12.3% | 12.39% |
Debt / Equity | 0.00x | 0.00x | 0.98x | 0.97x | 0.95x | 1.21x | 0.89x | 0.99x | 0.88x | 0.98x |
Interest Coverage | 14.39x | 22.83x | 16.46x | 15.01x | 26.74x | 21.36x | 15.84x | 16.65x | 11.69x | 12.38x |
FCF Conversion | 1.35x | 1.15x | 1.38x | 1.70x | 1.32x | 0.81x | 1.22x | 1.29x | 1.27x | 0.81x |
Revenue Growth | 15.38% | 15.4% | -0.84% | -11.58% | 21.8% | 16.3% | 11.44% | -4.37% | 5.54% | 7.81% |
Related:LECO Dividend History·LECO Revenue History·LECO Price History·LECO P/E History·LECO Financial Ratios·LECO Institutional Holders
LECO SEC Filings & Documents
Lincoln Electric Holdings, Inc. (LECO) SEC filings — annual & quarterly reports (10-K, 10-Q)
LECO Frequently Asked Questions
Lincoln Electric Holdings, Inc. (LECO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lincoln Electric Holdings, Inc. (LECO) reported $4.35B in revenue for fiscal year 2025. This represents a 292% increase from $1.11B in 1996.
Lincoln Electric Holdings, Inc. (LECO) grew revenue by 5.5% over the past year. This is steady growth.
Yes, Lincoln Electric Holdings, Inc. (LECO) is profitable, generating $538.4M in net income for fiscal year 2025 (12.3% net margin).
Dividend & Returns
Yes, Lincoln Electric Holdings, Inc. (LECO) pays a dividend with a yield of 1.09%. This makes it attractive for income-focused investors.
Lincoln Electric Holdings, Inc. (LECO) has a return on equity (ROE) of 37.2%. This is excellent, indicating efficient use of shareholder capital.
Lincoln Electric Holdings, Inc. (LECO) generated $438.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.