Lincoln Electric Holdings, Inc. (LECO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.12B | 1.08B | 1.06B | 1.09B | 1.01B | 1.02B | 983.76M | 1.02B | 981.2M | 1.06B | 1.03B | 1.06B | 1.04B | 930.93M | 935.24M | 969.59M | 925.45M | 844.25M | 806.45M | 826.45M |
| Revenue Growth % | 11.57% | 5.42% | 7.73% | 6.57% | 2.44% | -3.45% | -4.79% | -3.71% | -5.59% | 13.7% | 10.48% | 9.38% | 12.31% | 10.27% | 15.97% | 17.32% | 22.25% | 21.69% | 20.57% | 39.9% |
| Cost of Goods Sold | 722.3M | 702.21M | 670.08M | 683.31M | 639.44M | 651.86M | 628.32M | 637.76M | 612.8M | 687.48M | 662.73M | 683.59M | 680.13M | 622.95M | 626.08M | 634.65M | 595.67M | 571.32M | 534.59M | 550.6M |
| COGS % of Revenue | 64.41% | 65.17% | 63.22% | 62.79% | 63.62% | 63.78% | 63.87% | 62.45% | 62.45% | 64.95% | 64.14% | 64.46% | 65.44% | 66.92% | 66.94% | 65.46% | 64.37% | 67.67% | 66.29% | 66.62% |
| Gross Profit | 399.13M | 375.21M | 389.76M | 404.99M | 365.66M | 370.17M | 355.44M | 383.93M | 368.4M | 371.03M | 370.48M | 376.97M | 359.21M | 307.98M | 309.17M | 334.94M | 329.78M | 272.93M | 271.86M | 275.85M |
| Gross Margin % | 35.59% | 34.83% | 36.78% | 37.21% | 36.38% | 36.22% | 36.13% | 37.59% | 37.55% | 35.05% | 35.86% | 35.54% | 34.56% | 33.08% | 33.06% | 34.54% | 35.63% | 32.33% | 33.71% | 33.38% |
| Gross Profit Growth % | 9.15% | 1.36% | 9.66% | 5.49% | -0.74% | -0.23% | -4.06% | 1.84% | 2.56% | 20.47% | 19.83% | 12.55% | 8.93% | 12.84% | 13.72% | 21.42% | 29.95% | 19.05% | 26.22% | 45.66% |
| Operating Expenses | 208.65M | 185.94M | 206.26M | 224.06M | 204.2M | 193.16M | 209.88M | 235.09M | 203.35M | 167M | 199.04M | 198.96M | 194.85M | 166.5M | 167.06M | 167.41M | 168.57M | 152.58M | 156.29M | 154.03M |
| OpEx % of Revenue | 18.61% | 17.26% | 19.46% | 20.59% | 20.32% | 18.9% | 21.33% | 23.02% | 20.72% | 15.78% | 19.26% | 18.76% | 18.75% | 17.88% | 17.86% | 17.27% | 18.22% | 18.07% | 19.38% | 18.64% |
| Selling, General & Admin | 208.65M | 185.94M | 206.26M | 224.06M | 204.2M | 98.53M | 188.79M | 201.15M | 195.37M | 128.6M | 180.41M | 197.83M | 196.81M | 110.1M | 152.63M | 165.38M | 168.47M | 98.61M | 147.32M | 157.32M |
| SG&A % of Revenue | 18.61% | 17.26% | 19.46% | 20.59% | 20.32% | 9.64% | 19.19% | 19.7% | 19.91% | 12.15% | 17.46% | 18.65% | 18.94% | 11.83% | 16.32% | 17.06% | 18.2% | 11.68% | 18.27% | 19.04% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 81.82M | 0 | 0 | 0 | 71.23M | 0 | 0 | 0 | 63.21M | 0 | 0 | 0 | 55.97M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 8.01% | - | - | - | 6.73% | - | - | - | 6.79% | - | - | - | 6.63% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 101K | -1000K | 1000K | -1000K |
| Operating Income | 190.48M | 189.28M | 183.51M | 180.93M | 161.46M | 177.02M | 145.56M | 148.84M | 165.05M | 204.03M | 171.44M | 178.01M | 164.36M | 141.49M | 142.11M | 167.53M | 161.21M | 120.35M | 115.57M | 121.82M |
| Operating Margin % | 16.99% | 17.57% | 17.31% | 16.63% | 16.06% | 17.32% | 14.8% | 14.57% | 16.82% | 19.28% | 16.59% | 16.78% | 15.81% | 15.2% | 15.19% | 17.28% | 17.42% | 14.26% | 14.33% | 14.74% |
| Operating Income Growth % | 17.97% | 6.93% | 26.07% | 21.56% | -2.17% | -13.24% | -15.1% | -16.39% | 0.42% | 44.2% | 20.64% | 6.26% | 1.96% | 17.56% | 22.96% | 37.52% | 55.11% | 44.23% | 48.56% | 206.36% |
| EBITDA | 216.49M | 214.83M | 208.25M | 205.39M | 185.25M | 200.16M | 168.2M | 169.7M | 186.63M | 226M | 192.93M | 199.93M | 185.66M | 160.54M | 161.36M | 187.4M | 181.1M | 140.94M | 137.62M | 141.21M |
| EBITDA Margin % | 19.3% | 19.94% | 19.65% | 18.87% | 18.43% | 19.58% | 17.1% | 16.62% | 19.02% | 21.35% | 18.67% | 18.85% | 17.86% | 17.24% | 17.25% | 19.33% | 19.57% | 16.69% | 17.06% | 17.09% |
| EBITDA Growth % | 16.87% | 7.33% | 23.81% | 21.03% | -0.74% | -11.43% | -12.82% | -15.12% | 0.52% | 40.78% | 19.57% | 6.69% | 2.52% | 13.91% | 17.25% | 32.71% | 47.18% | 36.35% | 41.47% | 136.09% |
| D&A (Non-Cash Add-back) | 26.01M | 25.56M | 24.74M | 24.46M | 23.78M | 23.14M | 22.64M | 20.86M | 21.59M | 21.97M | 21.49M | 21.92M | 21.3M | 19.05M | 19.25M | 19.87M | 19.89M | 20.59M | 22.05M | 19.39M |
| EBIT | 190.48M | 189.28M | 183.51M | 180.93M | 161.46M | 189.83M | 166.65M | 182.78M | 173.03M | 171.19M | 190.07M | 179.15M | 162.41M | 134.68M | 156.53M | 169.56M | 161.31M | 118.35M | 124.54M | 118.53M |
| Net Interest Income | -13.37M | -13.86M | -15.04M | -13.31M | -12.82M | -11.37M | -11.97M | -10.66M | -8.78M | -8.66M | -10.81M | -11.7M | -13.2M | -8.63M | -8.21M | -6.46M | -6.2M | -5.48M | -5.71M | -5.66M |
| Interest Income | 0 | 1.4M | 1.5M | 1.66M | 2.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 13.37M | 15.26M | 16.54M | 14.97M | 15.07M | 11.37M | 11.97M | 10.66M | 8.78M | 8.66M | 10.81M | 11.7M | 13.2M | 8.63M | 8.21M | 6.46M | 6.2M | 5.48M | 5.71M | 5.66M |
| Other Income/Expense | -17.13M | -16.62M | -17.51M | 2.63M | -8.23M | -9.96M | -13.62M | -12.21M | -6.52M | -7M | -10.01M | -4.95M | -9.02M | -5.73M | -4.62M | -7.59M | -1.56M | -48.78M | -77.16M | -3.96M |
| Pretax Income | 173.35M | 172.66M | 166M | 183.56M | 153.24M | 167.05M | 131.94M | 136.62M | 158.53M | 197.03M | 161.43M | 173.06M | 155.34M | 135.76M | 137.49M | 159.94M | 159.64M | 71.57M | 38.41M | 117.86M |
| Pretax Margin % | 15.46% | 16.03% | 15.66% | 16.87% | 15.25% | 16.35% | 13.41% | 13.38% | 16.16% | 18.61% | 15.62% | 16.32% | 14.95% | 14.58% | 14.7% | 16.5% | 17.25% | 8.48% | 4.76% | 14.26% |
| Income Tax | 36.97M | 36.64M | 43.37M | 40.16M | 34.75M | 26.82M | 31.19M | 34.92M | 35.12M | 40.39M | 32.09M | 35.73M | 33.41M | 26.61M | 28.26M | 32.12M | 33.61M | -2.84M | 6.66M | 21.58M |
| Effective Tax Rate % | 21.33% | 21.22% | 26.13% | 21.88% | 22.68% | 16.06% | 23.64% | 25.56% | 22.15% | 20.5% | 19.88% | 20.65% | 21.51% | 19.6% | 20.56% | 20.08% | 21.05% | -3.97% | 17.33% | 18.31% |
| Net Income | 136.38M | 136.02M | 122.63M | 143.4M | 118.49M | 140.23M | 100.76M | 101.71M | 123.42M | 156.64M | 129.34M | 137.33M | 121.93M | 109.15M | 109.22M | 127.82M | 126.03M | 74.43M | 31.76M | 96.11M |
| Net Margin % | 12.16% | 12.62% | 11.57% | 13.18% | 11.79% | 13.72% | 10.24% | 9.96% | 12.58% | 14.8% | 12.52% | 12.95% | 11.73% | 11.72% | 11.68% | 13.18% | 13.62% | 8.82% | 3.94% | 11.63% |
| Net Income Growth % | 15.1% | -3% | 21.71% | 40.99% | -3.99% | -10.48% | -22.1% | -25.94% | 1.22% | 43.52% | 18.42% | 7.44% | -3.25% | 46.65% | 243.94% | 33% | 69.9% | 14.37% | -45.7% | 256% |
| Net Income (Continuing) | 136.38M | 136.02M | 122.63M | 143.4M | 118.49M | 140.23M | 100.76M | 101.71M | 123.42M | 156.64M | 129.34M | 137.33M | 121.93M | 109.15M | 109.22M | 127.82M | 126.03M | 74.41M | 31.76M | 96.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53K | -99K | -91K | -78K | -58K | -193K | -100K | -42K |
| EPS (Diluted) | 2.47 | 2.45 | 2.21 | 2.56 | 2.10 | 2.47 | 1.77 | 1.77 | 2.14 | 2.70 | 2.22 | 2.36 | 2.09 | 1.87 | 1.87 | 2.18 | 2.13 | 1.25 | 0.53 | 1.60 |
| EPS Growth % | 17.62% | -0.81% | 24.86% | 44.63% | -1.87% | -8.52% | -20.27% | -25% | 2.39% | 44.39% | 18.72% | 8.26% | -1.88% | 49.6% | 252.83% | 36.25% | 73.17% | 15.74% | -45.36% | 255.56% |
| EPS (Basic) | 2.49 | 2.48 | 2.23 | 2.58 | 2.11 | 2.49 | 1.78 | 1.79 | 2.17 | 2.75 | 2.26 | 2.39 | 2.12 | 1.89 | 1.89 | 2.20 | 2.15 | 1.26 | 0.54 | 1.62 |
| Diluted Shares Outstanding | 55.32M | 55.41M | 55.57M | 55.97M | 56.53M | 56.82M | 57.07M | 57.37M | 57.64M | 57.91M | 58.14M | 58.3M | 58.42M | 58.46M | 58.53M | 58.69M | 59.27M | 59.64M | 60.05M | 60.16M |
| Basic Shares Outstanding | 54.82M | 54.94M | 55.1M | 55.55M | 56.06M | 56.31M | 56.82M | 56.82M | 56.87M | 57.06M | 57.32M | 57.48M | 57.6M | 57.68M | 57.82M | 58.02M | 58.61M | 58.84M | 59.29M | 59.46M |
| Dividend Payout Ratio | 32.31% | 30.7% | 33.9% | 29.24% | 36.27% | 28.64% | 39.98% | 39.74% | 33.45% | 23.45% | 28.46% | 26.86% | 30.82% | 29.64% | 29.72% | 25.47% | 26.47% | 40.49% | 95.53% | 31.61% |