LECO · Lincoln Electric Holdings Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | - | $1.06B | $1.09B | $1.00B | - | $983.76M | $1.02B | $981.20M | - |
| Cost of Revenue | $722.30M | - | $671.92M | $683.13M | $638.94M | - | $631.68M | $637.87M | $612.80M | - |
| Gross Profit | $399.13M | - | $389.31M | $405.55M | $365.45M | - | $352.08M | $383.81M | $368.40M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $210.81M | - | $206.82M | $210.86M | $196.66M | - | $186.29M | $208.49M | $198.75M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $26.01M | - | $22.64M | $20.86M | $23.78M | - | - | - | $21.59M | - |
| Operating Income | $186.16M | - | $176.66M | $192.14M | $164.92M | - | $145.56M | $148.84M | $165.05M | - |
| Interest Expense | $14.76M | - | $15.15M | $12.63M | $12.00M | - | $14.08M | $12.63M | $12.00M | - |
| Income Tax | $36.97M | - | $43.37M | $40.16M | $34.75M | - | $31.19M | $34.92M | $35.12M | - |
| Net Income | $136.38M | - | $122.63M | $143.40M | $118.49M | - | $100.76M | $101.71M | $123.42M | - |
| EPS - Basic | $2.49 | - | $2.23 | $2.58 | $2.11 | - | $1.78 | $1.79 | $2.17 | - |
| EPS - Diluted | $2.47 | - | $2.21 | $2.56 | $2.10 | - | $1.77 | $1.77 | $2.14 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $298.90M | $308.79M | $293.00M | $299.48M | $394.70M | $377.26M | $404.22M | $272.67M | $374.98M | $393.79M |
| Accounts Receivable | $598.32M | $538.79M | $501.54M | $554.28M | $522.72M | $481.98M | $517.03M | $549.24M | $544.51M | $538.83M |
| Inventory | $693.94M | $633.36M | $671.51M | $621.44M | $574.33M | $544.04M | $612.41M | $582.73M | $567.28M | $562.86M |
| Accounts Payable | $448.14M | $364.93M | $398.72M | $375.83M | $365.27M | $296.59M | $323.58M | $351.44M | $327.80M | $325.44M |
| Current Assets | $1.86B | $1.74B | $1.78B | $1.73B | $1.73B | $1.65B | $1.76B | $1.61B | $1.68B | $1.69B |
| Total Assets | $3.90B | $3.78B | $3.82B | $3.73B | $3.63B | $3.52B | $3.66B | $3.42B | $3.38B | $3.38B |
| Current Liabilities | $1.02B | $956.69M | $1.04B | $1.03B | $969.85M | $878.80M | $951.34M | $783.57M | $748.87M | $754.61M |
| Long-term Debt | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.15B | $1.10B | $1.10B | $1.10B |
| Total Liabilities | $2.39B | $2.31B | $2.40B | $2.35B | $2.28B | $2.19B | $2.33B | $2.10B | $2.07B | $2.07B |
| Stockholders' Equity | $1.51B | $1.47B | $1.41B | $1.38B | $1.34B | $1.33B | $1.34B | $1.31B | $1.31B | $1.31B |
| Retained Earnings | $4.44B | $4.34B | $4.25B | $4.17B | $4.07B | $3.99B | $3.89B | $3.83B | $3.77B | $3.69B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $102.17M | - | - | - | $185.69M | - | - | - | $133.29M | - |
| Investing Cash Flow | ($38.72M) | - | - | - | ($22.30M) | - | - | - | ($25.94M) | - |
| Financing Cash Flow | ($72.57M) | - | - | - | ($144.49M) | - | - | - | ($125.40M) | - |
| CapEx | $39.16M | - | - | $25.44M | $26.95M | - | - | - | $26.26M | - |
| Free Cash Flow | $63.01M | - | - | - | $158.74M | - | - | - | $107.04M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.6% | - | 36.7% | 37.3% | 36.4% | - | 35.8% | 37.6% | 37.5% | - |
| Operating margin | 16.6% | - | 16.6% | 17.6% | 16.4% | - | 14.8% | 14.6% | 16.8% | - |
| EBITDA margin | 18.9% | - | 18.8% | 19.6% | 18.8% | - | - | - | 19.0% | - |
| Net margin | 12.2% | - | 11.6% | 13.2% | 11.8% | - | 10.2% | 10.0% | 12.6% | - |
| Free cash flow margin | 5.6% | - | - | - | 15.8% | - | - | - | 10.9% | - |
| FCF / Net income | 0.46 | - | - | - | 1.34 | - | - | - | 0.87 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.8% | - | 19.5% | 19.4% | 19.6% | - | 18.9% | 20.4% | 20.3% | - |
| Effective tax rate | 21.3% | - | 26.1% | 21.9% | 22.7% | - | 23.6% | 25.6% | 22.2% | - |
| Return on assets | 3.5% | - | 3.2% | 3.8% | 3.3% | - | 2.7% | 3.0% | 3.7% | - |
| Return on equity | 9.0% | - | 8.7% | 10.4% | 8.8% | - | 7.5% | 7.7% | 9.4% | - |
| Return on invested capital | 5.5% | - | 5.1% | 5.9% | 5.1% | - | 4.5% | 4.6% | 5.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.83 | 1.82 | 1.71 | 1.68 | 1.78 | 1.87 | 1.85 | 2.06 | 2.24 | 2.24 |
| Quick ratio | 1.15 | 1.16 | 1.07 | 1.08 | 1.19 | 1.25 | 1.20 | 1.31 | 1.49 | 1.50 |
| Cash ratio | 0.29 | 0.32 | 0.28 | 0.29 | 0.41 | 0.43 | 0.42 | 0.35 | 0.50 | 0.52 |
| Leverage | ||||||||||
| Debt / Equity | 0.76 | 0.78 | 0.81 | 0.83 | 0.86 | 0.87 | 0.86 | 0.84 | 0.84 | 0.84 |
| Debt / Assets | 0.29 | 0.30 | 0.30 | 0.31 | 0.32 | 0.33 | 0.31 | 0.32 | 0.33 | 0.33 |
| Debt / EBITDA | 5.42 | - | 5.77 | 5.40 | 6.10 | - | - | - | 5.91 | - |
| Interest coverage | 12.6x | - | 11.7x | 15.2x | 13.7x | - | 10.3x | 11.8x | 13.8x | - |
| Equity multiplier | 2.58 | 2.57 | 2.70 | 2.70 | 2.70 | 2.65 | 2.74 | 2.60 | 2.58 | 2.58 |
| Liabilities / Assets | 0.61 | 0.61 | 0.63 | 0.63 | 0.63 | 0.62 | 0.63 | 0.62 | 0.61 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.29 | - | 0.28 | 0.29 | 0.28 | - | 0.27 | 0.30 | 0.29 | - |
| Inventory turnover | 1.04 | - | 1.00 | 1.10 | 1.11 | - | 1.03 | 1.09 | 1.08 | - |
| Days sales outstanding | 195d | - | 172d | 186d | 190d | - | 192d | 196d | 203d | - |
| Days inventory outstanding | 351d | - | 365d | 332d | 328d | - | 354d | 333d | 338d | - |
| Days payable outstanding | 226d | - | 217d | 201d | 209d | - | 187d | 201d | 195d | - |
| Cash conversion cycle | 319d | - | 321d | 317d | 309d | - | 359d | 329d | 345d | - |
| Valuation | ||||||||||
| P / E | 100.8x | - | 106.7x | 81.0x | 90.1x | - | 108.5x | 106.6x | 119.4x | - |
| P / B | 9.1x | - | 9.3x | 8.4x | 8.0x | - | 8.2x | 8.2x | 11.3x | - |
| P / S | 12.3x | - | 12.3x | 10.7x | 10.6x | - | 11.1x | 10.6x | 15.0x | - |
| EV / EBITDA | 69.0x | - | 70.1x | 58.5x | 60.7x | - | - | - | 82.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.7% | - | 7.9% | 6.6% | 2.4% | - | -4.8% | -3.7% | -5.6% | - |
| Revenue CAGR (3y) | 2.6% | - | 4.3% | 3.9% | 2.8% | - | 6.8% | 7.3% | 9.0% | - |
| Revenue CAGR (5y) | 8.2% | - | 9.7% | 13.0% | 7.4% | - | 6.1% | 5.6% | 5.3% | - |
| Gross profit growth (YoY) | 9.2% | - | 10.6% | 5.7% | -0.8% | - | -3.7% | 2.8% | 3.7% | - |
| Operating income growth (YoY) | 12.9% | - | 21.4% | 29.1% | -0.1% | - | -15.1% | -16.4% | 0.4% | - |
| Net income growth (YoY) | 15.1% | - | 21.7% | 41.0% | -4.0% | - | -22.1% | -25.9% | 1.2% | - |
| EPS growth (YoY) | 17.6% | - | 24.9% | 44.6% | -1.9% | - | -20.3% | -25.0% | 2.4% | - |
| EPS CAGR (3y) | 5.7% | - | 5.7% | 5.5% | -0.5% | - | 49.5% | 3.4% | 20.3% | - |
| EPS CAGR (5y) | 15.0% | - | 17.9% | 41.6% | 18.2% | - | 8.6% | 5.4% | 13.8% | - |
| FCF growth (YoY) | -60.3% | - | - | - | 48.3% | - | - | - | 1.8% | - |
| FCF CAGR (5y) | 12.3% | - | - | - | 73.3% | - | - | - | 61.9% | - |
| Book value growth (YoY) | 12.8% | 10.7% | 5.6% | 5.1% | 2.5% | 1.4% | 9.3% | 9.3% | 16.2% | 26.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.47B totalReportable Segment Aggregation Before Other Operating Segment$4.23B · 50.0%
Americas Welding$2.72B · 32.2%
International Welding$930.87M · 11.0%
Harris Products Group$578.58M · 6.8%
Product / service
$4.23B totalWelding Consumables$2.28B · 53.9%
Welding Equipment$1.08B · 25.5%
Welding Automation$870.30M · 20.6%
Geographic
$4.23B totalUS$2.63B · 62.2%
Non Us$1.60B · 37.8%
Peer comparison
Same SIC group: Metalworkg Machinery & Equipment
Comparing LINCOLN ELECTRIC HOLDINGS INC against the 5 most active filers in the same SIC group.
Dividends
$3.08/share trailing 12 months · +5.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.7900 |
| Dec 31, 2025 | $0.7900 |
| Sep 30, 2025 | $0.7500 |
| Jun 30, 2025 | $0.7500 |
| Mar 31, 2025 | $0.7500 |
| Dec 31, 2024 | $0.7500 |
| Sep 30, 2024 | $0.7100 |
| Jun 28, 2024 | $0.7100 |
| Mar 27, 2024 | $0.7100 |
| Dec 28, 2023 | $0.7100 |
| Sep 28, 2023 | $0.6400 |
| Jun 29, 2023 | $0.6400 |
| Mar 30, 2023 | $0.6400 |
| Dec 29, 2022 | $0.6400 |
| Sep 29, 2022 | $0.5600 |
| Jun 29, 2022 | $0.5600 |
| Mar 30, 2022 | $0.5600 |
| Dec 30, 2021 | $0.5600 |
| Sep 29, 2021 | $0.5100 |
| Jun 29, 2021 | $0.5100 |
| Mar 30, 2021 | $0.5100 |
| Dec 30, 2020 | $0.5100 |
| Sep 29, 2020 | $0.4900 |
| Jun 29, 2020 | $0.4900 |