Lincoln Electric Holdings, Inc. (LECO) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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LECO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
LECO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 36.3% | 16.9% | 12.3% |
| 2024 | 36.9% | 15.9% | 11.6% |
| 2023 | 35.3% | 17.1% | 13.0% |
| 2022 | 34.1% | 16.3% | 12.6% |
| 2021 | 33.0% | 14.3% | 8.6% |
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Lincoln Electric Holdings, Inc. (LECO) Earnings Overview
As of May 8, 2026, Lincoln Electric Holdings, Inc. (LECO) reported trailing twelve-month net income of $538M, reflecting +14.4% year-over-year growth. The company earned $9.73 per diluted share over the past four quarters, with a net profit margin of 12.3%.
Looking at the long-term picture, LECO's 5-year EPS compound annual growth rate (CAGR) stands at +22.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $545M in fiscal 2023.
Lincoln Electric Holdings, Inc. maintains positive profitability with a gross margin of 36.3%, operating margin of 16.9%, and net margin of 12.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ITW ($3.13B net income, 19.1% margin), IR ($587M net income, 7.6% margin), SWK ($371M net income, 2.7% margin), LECO has room to improve margins relative to the peer group. Compare LECO vs ITW →
LECO Earnings vs Peers
Earnings metrics vs comparable public companies
LECO Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $521M | +11.7% | $715M | $9.32 | 12.3% | 16.9% |
| 2024 | $466M | -14.5% | $636M | $8.15 | 11.6% | 15.9% |
| 2023 | $545M | +15.5% | $718M | $9.37 | 13.0% | 17.1% |
| 2022 | $472M | +70.7% | $612M | $8.04 | 12.6% | 16.3% |
| 2021 | $277M | +34.2% | $462M | $4.60 | 8.6% | 14.3% |
| 2020 | $206M | -29.7% | $282M | $3.42 | 7.8% | 10.6% |
| 2019 | $293M | +2.1% | $371M | $4.68 | 9.8% | 12.4% |
| 2018 | $287M | +16.0% | $376M | $4.37 | 9.5% | 12.4% |
| 2017 | $248M | +24.8% | $378M | $3.71 | 9.4% | 14.4% |
| 2016 | $198M | +55.6% | $288M | $2.91 | 8.7% | 12.7% |
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Start ComparisonLECO — Frequently Asked Questions
Quick answers to the most common questions about buying LECO stock.
Is LECO growing earnings?
LECO EPS stands at $9.73, with +14.4% growth matching the 5-year CAGR of +22.2%. TTM net income is $538M. Earnings trajectory remains consistent.
What are LECO's profit margins?
Lincoln Electric Holdings, Inc. net margin is +12.3%, with operating margin at +16.9%. Margins sit within typical range for the sector.
How consistent are LECO's earnings?
LECO earnings data spans 1994-2025. The current earnings trend is +14.4% YoY. Historical data enables comparison across business cycles.