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Lincoln Electric Holdings LECO · USD

Industrials · US listing · 🇺🇸 United States

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284.44

+3.30%

Close of 9 Nov 2026, in USD

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$4.23bn

FY2016FY2025

Net income

$520.5m

FY2016FY2025

Free cash flow

$534.2m

FY2016FY2025

Shareholders' equity

$1.47bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$4.23bn$4.01bn$4.19bn$3.76bn$3.23bn$2.66bn$3.00bn$3.03bn$2.62bn$2.27bn
Gross profit$1.54bn$1.48bn$1.48bn$1.28bn$1.07bn$871.3m$1.01bn$1.03bn$879.7m$786.6m
Research and development$85.5m$81.8m$71.2m$63.2m$56.0m$51.4m$56.8m$54.2m$47.9m$44.7m
Operating income$715.0m$636.5m$717.8m$612.3m$461.7m$282.1m$370.9m$375.5m$377.7m$288.3m
Net income$520.5m$466.1m$545.2m$472.2m$276.6m$206.1m$293.1m$287.1m$247.5m$198.4m
Diluted earnings per share9.398.209.428.084.643.424.754.453.722.99

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$3.78bn$3.52bn$3.38bn$3.18bn$2.59bn$2.31bn$2.37bn$2.35bn$2.41bn$1.94bn
Cash and short-term investments$308.8m$377.3m$393.8m$197.2m$193.0m$257.3m$199.6m$358.8m$505.8m$379.2m
Total liabilities$2.31bn$2.19bn$2.07bn$2.15bn$1.73bn$1.52bn$1.55bn$1.46bn$1.47bn$1.23bn
Debt$1.29bn$1.26bn$1.11bn$1.20bn$769.8m$718.2m$747.3m$702.7m$706.3m$705.6m
Shareholders' equity$1.47bn$1.33bn$1.31bn$1.03bn$864.1m$789.3m$819.1m$887.6m$932.5m$712.2m
Shares outstanding55m57m58m58m60m60m62m65m67m66m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$661.2m$599.0m$667.5m$383.4m$365.1m$351.4m$403.2m$329.2m$334.8m$303.4m
Capital spending−$127.0m−$116.6m−$91.0m−$71.9m−$62.5m−$59.2m−$69.6m−$71.2m−$61.7m−$49.9m
Free cash flow$534.2m$482.4m$576.6m$311.5m$302.5m$292.2m$333.6m$257.9m$273.2m$253.5m
Dividends paid−$168.2m−$162.1m−$148.0m−$130.7m−$121.9m−$118.1m−$117.9m−$102.1m−$92.5m−$87.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$1.22bn$1.12bn$1.08bn$1.06bn$1.09bn$1.01bn$1.02bn$983.8m
Gross profit$449.0m$399.1m$375.2m$389.8m$405.0m$365.7m$370.2m$355.4m
Operating income$224.1m$190.5m$189.3m$183.5m$193.5m$161.5m$177.0m$145.6m
Net income$158.5m$136.4m$136.0m$122.6m$143.4m$118.5m$140.2m$100.8m
Diluted earnings per share2.882.482.452.212.592.142.471.77
Cash from operations$228.0m$102.0m$94.0m$236.0m$143.0m$185.0m$95.0m$199.0m
Capital spending−$31.0m−$39.0m−$42.0m−$31.0m−$25.0m−$26.0m−$31.0m−$35.0m
Free cash flow$197.0m$63.0m$52.0m$205.0m$118.0m$159.0m$64.0m$164.0m
Total assets$3.81bn$3.90bn$3.78bn$3.82bn$3.73bn$3.63bn$3.52bn$3.66bn
Cash and short-term investments$242.4m$298.9m$308.8m$293.0m$299.5m$394.7m$377.3m$404.2m
Debt$1.15bn$1.31bn$1.29bn$1.24bn$1.27bn$1.27bn$1.27bn$1.28bn
Shareholders' equity$1.55bn$1.51bn$1.47bn$1.41bn$1.38bn$1.34bn$1.33bn$1.34bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin36.3%36.9%35.3%34.1%33.0%32.8%
Operating margin16.9%15.9%17.1%16.3%14.3%10.6%
Net margin12.3%11.6%13.0%12.6%8.6%7.8%
Return on equity35.4%35.1%41.7%45.7%32.0%26.1%
Return on assets13.8%13.2%16.1%14.8%10.7%8.9%
Free cash flow yield5.4%4.8%5.0%2.9%2.7%2.6%
Revenue growth5.5%-4.4%11.4%16.3%21.8%-11.6%
Earnings growth11.7%-14.5%15.5%70.7%34.2%-29.7%
Current ratio1.82x1.87x2.24x1.83x1.71x2.02x
Debt to equity0.88x0.96x0.85x1.17x0.90x0.92x
Equity ratio38.9%37.7%38.8%32.5%33.3%34.1%
Interest coverage11.69x14.88x16.18x20.76x20.78x12.84x
R&D as a share of sales2.0%2.0%1.7%1.7%1.7%1.9%
Buybacks as a share of market value2.5%1.9%0.9%2.0%1.1%2.3%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.0%9.8%5.3%
Operating income5.3%20.4%14.7%
Net income3.3%20.4%15.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin36.6%35.6%34.9%34.5%
Operating margin16.4%16.6%15.5%14.1%
Net margin12.0%12.4%11.3%10.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings25.522.923.117.930.134.020.417.724.625.6
Price to sales3.12.73.02.32.62.62.01.72.32.2

Market value over time

31 Oct 2016 to 30 Sept 2026, in USD

$4.42bn$14.58bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return27%-11%54%7%11%21%28%-16%14%54%

Dividends and splits

Per share, in the currency the company pays

Paid for 28 years. Last went ex-dividend on 31 Dec 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year3.243.042.882.632.322.091.981.90
  • 2-for-1 split · 1 Jun 2011
  • 2-for-1 split · 16 Jun 1998

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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