Lincoln Electric Holdings, Inc.

Lincoln Electric Holdings, Inc.

275.35
USD
+3.22
(+1.18%)
10.43EPS
25.16P/E
14.33BMarket Cap
Feb 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
34.8
35.53
34.22
33.72
39.92
46.68
48.47
44.53
54.53
64.81
73.07
70.78
76.39
84.83
Basic EPS, GAAP
3.58
3.22
1.72
2.94
3.76
4.42
4.73
3.46
4.66
8.14
9.51
8.23
9.39
10.52
Free Cash Flow per Basic Share
4.13
5.07
4.22
4.63
5.09
5.07
6.51
5.89
6.16
6.61
11.64
10.58
11.93
12.19
Dividend per Share
0.6
0.93
1.17
1.29
1.41
1.57
1.9
1.98
2.05
2.25
2.58
2.86
3.04
3.15
Book Value per Share
18.84
16.66
13.18
10.83
14.19
13.96
13.5
13.23
14.7
17.95
22.97
23.62
26.8
28.71
Tangible Book Value per Share
14.87
12.59
8.82
5.32
8.67
7.2
5.01
5.35
4.84
2.88
7.51
5.36
6.07
28.71
Basic Weighted Avg Shares
82
79
74
67
66
65
62
60
59
58
57
57
55
55
Sales/Revenue/Turnover
2,853
2,813
2,536
2,275
2,624
3,029
3,003
2,655
3,234
3,761
4,192
4,009
4,233
4,641
Operating Margin (%)
14.56
14.35
7.95
13.98
12.72
13.23
12.86
12.33
14.58
16.59
16.86
17.27
17.39
17.71
Depreciation Expense
69
70
64
65
68
72
81
80
81
78
87
88
99
104
Net Income, GAAP
294
255
127
198
248
287
293
206
277
472
545
466
521
575
Effective Tax Rate (%)
29.96
32.45
24.96
28.49
32.43
22.15
20.46
21.93
14.9
20.34
20.62
21.55
22.94
23.7
Profit Margin (%)
10.3
9.05
5.03
8.72
9.43
9.48
9.76
7.76
8.55
12.56
13.01
11.63
12.3
12.4
Working Capital
674
604
566
656
845
700
512
563
534
705
939
766
783
870
LT Debt
4
2
350
704
704
703
712
715
717
1,110
1,103
1,151
1,148
- -
Total Equity
1,531
1,286
932
712
932
888
819
790
864
1,034
1,309
1,327
1,470
1,555
Return on Invested Capital (%)
18.99
17.09
10.24
14.99
16.8
18.27
18.86
14.47
25.22
25.35
24.63
20.06
20.78
29.26
Return on Capital (%)
20.34
18.07
10.89
15.57
17.06
18.63
19.75
14.52
18.8
25.61
24.96
19.98
20.95
29.17
Return on Common Equity (%)
20.48
18.13
11.51
24.15
30.13
31.57
34.38
25.65
33.46
49.75
46.54
35.36
37.22
38.75

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
164
- -
- -
LT Borrowings
1,148
1,148
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
54
Market Capitalization
13,646
14,472
14,329

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,863
1,761
1,826
Cash, Cash Equivalents & STI
299
242
283
Accounts Receivable, Net
598
586
603
Inventories
694
691
699
Total Current Liabilities
1,020
888
956
Payables & Accruals
448
447
- -
ST Debt
164
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.9%
13.55%
10.72%
Free Cash Flow
9.81%
16.63%
10.38%
Net Income, GAAP
18.63%
23.51%
11.68%
Sales/Revenue/Turnover
5.88%
10.15%
5.6%
Total Cash Common Dividend
6.94%
7.39%
3.76%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
981
1,022
984
1,022
4,009
2025
1,004
1,089
1,061
1,079
4,233
2026
1,121
1,220
1,221
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.17
1.79
1.78
2.49
8.23
2025
2.11
2.58
2.23
2.48
9.39
2026
2.49
2.9
2.65
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.73
0.71
0.71
0.71
2.86
2025
0.77
0.75
0.75
0.76
3.04
2026
0.8
0.79
0.79
- -
- -

Company Description

CEO
Steven Bradford Hedlund
Full Time Employees
12,000
Sector
Producer manufacturing
Industry
Industrial machinery
Address
22801 St. Clair Avenue Cleveland OH United States 44117
IPO Date
Oct 27, 1993
Business
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) manufactures and sells welding and cutting equipment, consumables, automation systems, and related products worldwide. The company offers arc welding power sources, wire feeders, multi-operator welding systems, and plasma/laser cutting equipment under brands including Lincoln Electric, Lincoln, Power Wave, Tomahawk, and Innershield; welding consumables such as electrodes, fluxes, wires, and rods; and automation solutions like robotic welding systems, integrated torque tools, and software for manufacturing applications. It provides arc welding equipment, plasma cutting systems, oxyfuel cutting torches, weld fume control products, and training services through subsidiaries and brands like Fronius (acquired in 2023), Wegener, and Robotiq.[web:previous] Founded in 1893 and headquartered in Cleveland, Ohio, Lincoln Electric operates in over 65 countries across North and South America, Europe, Asia Pacific, and the Middle East, serving industries such as automotive, heavy fabrication, construction, shipbuilding, and general manufacturing with a focus on commercial, industrial, and government customers.[web:previous] In recent developments, the company completed the acquisition of Wegener Group in March 2025, expanding its European market presence in welding and cutting technologies; acquired Robotiq, a leader in collaborative robotics, in early 2025 to bolster automation capabilities; and announced a strategic partnership with a major automotive OEM in October 2025 for advanced welding solutions in electric vehicle production. Additionally, Lincoln Electric launched its next-generation Power Wave S series power sources and expanded its additive manufacturing offerings with new directed energy deposition systems in mid-2025, reflecting a shift toward Industry 4.0 integration and sustainable manufacturing technologies.[web:previous]

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