Lincoln Electric Holdings, Inc. (LECO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LECO Revenue Growth
Revenue Breakdown (FY 2025)
LECO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LECO Revenue Analysis (2014–2025)
As of May 8, 2026, Lincoln Electric Holdings, Inc. (LECO) generated trailing twelve-month (TTM) revenue of $4.35 billion, reflecting strong growth of +11.6% year-over-year. The most recent quarter (Q1 2026) recorded $1.12 billion in revenue, up 4.1% sequentially.
Looking at the longer-term picture, LECO's 5-year compound annual growth rate (CAGR) stands at +9.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $4.23 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows LECO's business is primarily driven by Americas Welding (67%), International Welding (23%), and The Harris Products Group (14%). With over half of revenue concentrated in Americas Welding, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including ITW (+2.9% YoY), IR (+6.9% YoY), and SWK (-0.1% YoY), LECO has outperformed the peer group in terms of revenue growth. Compare LECO vs ITW →
LECO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LECOCurrent | $4.3B | +11.6% | +9.8% | 16.9% | |
 ITW | $16.0B | +2.9% | +5.0% | 26.3% | |
 IR | $7.7B | +6.9% | +14.0% | 18.5% | |
 SWK | $15.1B | -0.1% | +3.0% | 7.6% | |
 PH | $19.9B | +6.0% | +7.7% | 20.5% | |
 EMR | $18.0B | +4.0% | +1.4% | 19.6% |
LECO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.23B | +5.5% | $1.54B | 36.3% | $715.0M | 16.9% |
| 2024 | $4.01B | -4.4% | $1.48B | 36.9% | $636.5M | 15.9% |
| 2023 | $4.19B | +11.4% | $1.48B | 35.3% | $717.8M | 17.1% |
| 2022 | $3.76B | +16.3% | $1.28B | 34.1% | $612.3M | 16.3% |
| 2021 | $3.23B | +21.8% | $1.07B | 33.0% | $461.7M | 14.3% |
| 2020 | $2.66B | -11.6% | $871.3M | 32.8% | $282.1M | 10.6% |
| 2019 | $3.00B | -0.8% | $1.01B | 33.5% | $370.9M | 12.4% |
| 2018 | $3.03B | +15.4% | $1.03B | 34.0% | $375.5M | 12.4% |
| 2017 | $2.62B | +15.4% | $879.7M | 33.5% | $377.7M | 14.4% |
| 2016 | $2.27B | -10.3% | $786.6M | 34.6% | $288.3M | 12.7% |
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Start ComparisonLECO — Frequently Asked Questions
Quick answers to the most common questions about buying LECO stock.
Is LECO's revenue growth accelerating or slowing?
LECO maintains +11.6% revenue growth, in line with its 5-year CAGR of +9.8%. TTM revenue stands at $4.3B. Growth rate remains consistent with historical average.
What is LECO's long-term revenue growth rate?
Lincoln Electric Holdings, Inc.'s 5-year revenue CAGR of +9.8% reflects the sustained expansion pattern. Current YoY growth of +11.6% is near this long-term average.
How is LECO's revenue distributed by segment?
LECO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.