LECO
Lincoln Electric Holdings Inc
NASDAQ: LECO · INDUSTRIALS · TOOLS & ACCESSORIES
$257.51
-0.96% today
Updated 2026-04-29
Market cap
$14.12B
P/E ratio
27.63
P/S ratio
3.34x
EPS (TTM)
$9.32
Dividend yield
1.17%
52W range
$177 – $309
Volume
0.3M
Lincoln Electric Holdings Inc (LECO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.97B | $2.28B | $2.48B | $1.73B | $2.07B | $2.69B | $2.85B | $2.85B | $2.81B | $2.54B | $2.27B | $2.62B | $3.03B | $3.00B | $2.66B | $3.23B | $3.76B | $4.19B | $4.01B | $4.23B |
| Revenue growth (YoY) | — | +15.7% | +8.7% | -30.2% | +19.7% | +30.2% | +5.9% | -0.0% | -1.4% | -9.9% | -10.3% | +15.4% | +15.4% | -0.8% | -11.6% | +21.8% | +16.3% | +11.4% | -4.4% | +5.6% |
| Cost of revenue | $1.42B | $1.63B | $1.76B | $1.27B | $1.51B | $1.96B | $1.99B | $1.91B | $1.86B | $1.67B | $1.49B | $1.74B | $2.00B | $2.00B | $1.78B | $2.17B | $2.48B | $2.71B | $2.53B | $2.69B |
| Gross profit | $552.28M | $647.57M | $720.15M | $456.27M | $563.82M | $736.74M | $867.70M | $946.77M | $952.76M | $864.02M | $786.56M | $879.68M | $1.03B | $1.01B | $871.34M | $1.07B | $1.28B | $1.48B | $1.48B | $1.54B |
| Gross margin | 28.0% | 28.4% | 29.0% | 26.4% | 27.2% | 27.3% | 30.4% | 33.2% | 33.9% | 34.1% | 34.6% | 33.5% | 34.0% | 33.5% | 32.8% | 33.0% | 34.1% | 35.3% | 36.9% | 36.4% |
| R&D | $24.05M | $25.79M | $26.74M | $27.57M | $29.49M | $32.83M | $37.30M | $42.13M | $43.26M | $47.18M | $44.72M | $47.90M | $54.17M | $56.84M | $51.41M | $55.97M | $63.21M | $71.23M | $81.82M | — |
| SG&A | $315.83M | $370.12M | $405.38M | $333.39M | $377.77M | $439.77M | $495.22M | $527.21M | $545.50M | $639.49M | $466.68M | $545.67M | $627.70M | $621.49M | $543.80M | $597.11M | $656.64M | $758.91M | $780.59M | $797.99M |
| Operating income | $232.97M | $277.63M | $295.40M | $92.98M | $186.43M | $296.68M | $362.08M | $406.99M | $373.75M | $181.70M | $288.27M | $377.71M | $375.54M | $370.91M | $282.07M | $461.67M | $612.34M | $717.85M | $636.46M | $744.02M |
| Operating margin | 11.8% | 12.2% | 11.9% | 5.4% | 9.0% | 11.0% | 12.7% | 14.3% | 13.3% | 7.2% | 12.7% | 14.4% | 12.4% | 12.4% | 10.6% | 14.3% | 16.3% | 17.1% | 15.9% | 17.6% |
| EBITDA | $282.16M | $351.20M | $368.89M | $152.75M | $251.16M | $370.09M | $442.42M | $504.29M | $516.89M | $441.64M | $383.95M | $416.69M | $473.29M | $466.88M | $410.35M | $675.23M | $708.11M | $789.48M | $800.52M | $825.56M |
| EBITDA margin | 14.3% | 15.4% | 14.9% | 8.8% | 12.1% | 13.7% | 15.5% | 17.7% | 18.4% | 17.4% | 16.9% | 15.9% | 15.6% | 15.5% | 15.5% | 20.9% | 18.8% | 18.8% | 20.0% | 19.5% |
| EBIT | $236.45M | $299.71M | $311.96M | $96.16M | $193.80M | $308.04M | $377.08M | $435.40M | $447.28M | $377.63M | $318.88M | $348.58M | $400.94M | $385.40M | $329.85M | $594.08M | $630.05M | $702.81M | $712.28M | $727.01M |
| Interest expense | $10.15M | $11.43M | $12.15M | $8.52M | $6.69M | $6.70M | $4.19M | $2.86M | $10.43M | $21.82M | $19.08M | $24.22M | $17.57M | $23.41M | $21.97M | $22.21M | $29.50M | $44.37M | $42.79M | $51.56M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $175.01M | $202.74M | $212.29M | $48.58M | $130.24M | $217.19M | $257.41M | $293.78M | $254.69M | $127.48M | $198.40M | $247.50M | $287.07M | $293.11M | $206.12M | $276.58M | $472.22M | $545.25M | $466.11M | $520.53M |
| Net income growth (YoY) | — | +15.8% | +4.7% | -77.1% | +168.1% | +66.8% | +18.5% | +14.1% | -13.3% | -49.9% | +55.6% | +24.8% | +16.0% | +2.1% | -29.7% | +34.2% | +70.7% | +15.5% | -14.5% | +11.7% |
| Profit margin | 8.9% | 8.9% | 8.6% | 2.8% | 6.3% | 8.1% | 9.0% | 10.3% | 9.1% | 5.0% | 8.7% | 9.4% | 9.5% | 9.8% | 7.8% | 8.6% | 12.6% | 13.0% | 11.6% | 12.3% |