LINCOLN ELECTRIC HOLDINGS INC LECO
Last close
276.44
2026-09-04
Market cap
$15.07B
2026-06-30 share count
52-week range
216.22 - 310.00
Valuation FY2025 figures against the last close
P/S3.6x
P/E29.7x
P/FCF28.2x
EV/EBITDA19.5x
Dividend yield1.1%
Diluted EPS9.32
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.23B | $4.01B | $4.19B | $3.76B | $3.23B | $2.66B | $3.00B | $3.03B | $2.62B | $2.27B |
| Cost of revenue | $2.70B | $2.54B | $2.73B | $2.48B | $2.17B | $1.78B | $2.00B | $2.00B | $1.75B | $1.49B |
| Gross profit | $1.53B | $1.47B | $1.47B | $1.28B | $1.07B | $871.3M | $1.01B | $1.03B | $875.1M | $786.6M |
| R&D | $85.5M | $81.8M | $71.2M | $63.2M | $56.0M | $51.4M | $56.8M | $54.2M | $47.9M | $44.7M |
| SG&A | $798.0M | $780.6M | $758.9M | $656.6M | $597.1M | $543.8M | $621.5M | $627.7M | $541.2M | $468.6M |
| Operating income | $718.1M | $636.5M | $717.8M | $612.3M | $461.7M | $282.1M | $370.9M | $375.5M | $376.9M | $283.6M |
| Interest expense | $58.4M | $52.9M | $51.1M | $31.1M | $23.8M | $24.0M | $25.9M | $24.5M | $24.2M | $19.1M |
| Pre-tax income | $675.5M | $594.1M | $686.9M | $592.8M | $325.0M | $264.0M | $368.5M | $368.7M | $366.2M | $277.4M |
| Income tax | $154.9M | $128.0M | $141.6M | $120.6M | $48.4M | $57.9M | $75.4M | $81.7M | $118.8M | $79.0M |
| Net income | $520.5M | $466.1M | $545.2M | $472.2M | $276.6M | $206.1M | $293.1M | $287.1M | $247.5M | $198.4M |
| EPS, basic | 9.39 | 8.23 | 9.50 | 8.14 | 4.66 | 3.46 | 4.73 | 4.42 | 3.76 | 2.94 |
| EPS, diluted | 9.32 | 8.15 | 9.37 | 8.04 | 4.60 | 3.42 | 4.68 | 4.37 | 3.71 | 2.91 |
| Shares, diluted (wtd. avg.) | $55.9M | $57.2M | $58.2M | $58.7M | $60.1M | $60.2M | $62.7M | $65.7M | $66.6M | $68.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $308.8M | $377.3M | $393.8M | $197.2M | $193.0M | $257.3M | $199.6M | $358.8M | $326.7M | $379.2M |
| Receivables | $538.8M | $482.0M | $538.8M | $541.5M | $429.1M | $373.5M | $374.6M | $396.9M | $395.3M | $274.0M |
| Inventory | $633.4M | $544.0M | $562.9M | $665.5M | $539.9M | $381.3M | $393.7M | $361.8M | $348.7M | $255.4M |
| Total current assets | $1.74B | $1.65B | $1.69B | $1.56B | $1.29B | $1.11B | $1.08B | $1.24B | $1.37B | $1.04B |
| Property, plant and equipment | $702.8M | $619.2M | $575.3M | $544.9M | $511.7M | $522.1M | $529.3M | $478.8M | $477.0M | $372.4M |
| Goodwill | $886.7M | $804.9M | $694.5M | $665.3M | $430.2M | $335.6M | $337.1M | $281.3M | $234.6M | $231.9M |
| Other intangibles | $250.4M | $221.0M | $186.7M | $202.7M | $149.4M | $134.5M | $177.8M | $147.9M | $127.5M | $130.1M |
| Total assets | $3.78B | $3.52B | $3.38B | $3.18B | $2.59B | $2.31B | $2.37B | $2.35B | $2.41B | $1.94B |
| Accounts payable | $364.9M | $296.6M | $325.4M | $352.1M | $330.2M | $256.5M | $273.0M | $268.6M | $269.8M | $176.8M |
| Short-term debt | $0 | $100.0M | $4.0K | $11.0M | $766.0K | $111.0K | $112.0K | $111.0K | $2.1M | $1.9M |
| Total current liabilities | $956.7M | $878.8M | $754.6M | $852.9M | $755.9M | $549.4M | $563.1M | $538.2M | $528.7M | $388.1M |
| Long-term debt | $1.15B | $1.15B | $1.10B | $1.11B | $717.1M | $715.5M | $712.3M | — | — | — |
| Total liabilities | $2.31B | $2.19B | $2.07B | $2.15B | $1.73B | $1.52B | $1.55B | $1.46B | $1.47B | $1.23B |
| Retained earnings | $4.34B | $3.99B | $3.69B | $3.31B | $2.97B | $2.82B | $2.74B | $2.56B | $2.39B | $2.24B |
| Total equity | $1.47B | $1.33B | $1.31B | $1.03B | $863.9M | $790.2M | $819.1M | $887.6M | $932.5M | $712.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $661.2M | $599.0M | $667.5M | $383.4M | $365.1M | $351.4M | $403.2M | $329.2M | $334.8M | $312.6M |
| Depreciation and amortisation | $98.5M | $88.2M | $86.7M | $78.1M | $81.1M | $80.5M | $81.5M | $72.3M | $68.1M | $65.1M |
| Stock-based compensation | $20.3M | $24.1M | $26.2M | $25.3M | $23.8M | $15.4M | $16.6M | $18.6M | $12.7M | $10.3M |
| Capital expenditure | $127.0M | $116.6M | $91.0M | $71.9M | $62.5M | $59.2M | $69.6M | $71.2M | $61.7M | $49.9M |
| Investing cash flow | -$257.3M | -$361.2M | -$74.7M | -$504.7M | -$205.4M | -$49.2M | -$192.8M | $20.8M | -$272.0M | -$159.9M |
| Financing cash flow | -$461.9M | -$244.6M | -$412.4M | $133.7M | -$221.9M | -$246.1M | -$371.9M | -$302.1M | -$135.0M | -$72.0M |
| Dividends paid | $168.2M | $162.1M | $148.0M | $130.7M | $121.9M | $118.1M | $117.9M | $102.1M | $92.5M | $87.3M |
| Buybacks | $338.3M | $263.8M | $198.8M | $181.3M | $164.5M | $113.5M | $292.7M | $201.7M | $43.2M | $342.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000059527-26-000006.
Others in SIC 3540
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|---|---|---|---|---|
| SPXC | SPX Technologies, Inc. | $9.84B | 39.0x | 14.2% |
| NNBR | NN INC | $302.2M | — | -9.1% |
| CVR | CHICAGO RIVET & MACHINE CO | $9.9M | — | 3.3% |