LINCOLN ELECTRIC HOLDINGS INC LECO

Industrials SIC 3540 - Metalworkg Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing derived Nasdaq

Last close 255.96 2026-10-23
Market cap $13.95B 2026-06-30 share count
52-week range 216.22 - 310.00

Valuation FY2025 figures against the last close

P/S3.3x
P/E27.5x
P/FCF26.1x
EV/EBITDA18.1x
Dividend yield1.2%
Diluted EPS9.32

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 9.398.239.508.144.663.464.734.423.762.94
EPS, diluted 9.328.159.378.044.603.424.684.373.712.91
Shares, diluted (wtd. avg.) 55.9M57.2M58.2M58.7M60.1M60.2M62.7M65.7M66.6M68.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.3B Gross profit, FY2016: 786.6M Net income, FY2016: 198.4M Revenue, FY2017: 2.6B Gross profit, FY2017: 875.1M Net income, FY2017: 247.5M Revenue, FY2018: 3B Gross profit, FY2018: 1B Net income, FY2018: 287.1M Revenue, FY2019: 3B Gross profit, FY2019: 1B Net income, FY2019: 293.1M Revenue, FY2020: 2.7B Gross profit, FY2020: 871.3M Net income, FY2020: 206.1M Revenue, FY2021: 3.2B Gross profit, FY2021: 1.1B Net income, FY2021: 276.6M Revenue, FY2022: 3.8B Gross profit, FY2022: 1.3B Net income, FY2022: 472.2M Revenue, FY2023: 4.2B Gross profit, FY2023: 1.5B Net income, FY2023: 545.2M Revenue, FY2024: 4B Gross profit, FY2024: 1.5B Net income, FY2024: 466.1M Revenue, FY2025: 4.2B Gross profit, FY2025: 1.5B Net income, FY2025: 520.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.27B $2.62B $3.03B $3.00B $2.66B $3.23B $3.76B $4.19B $4.01B $4.23B
Gross profit $786.6M $875.1M $1.03B $1.01B $871.3M $1.07B $1.28B $1.47B $1.47B $1.53B
Net income $198.4M $247.5M $287.1M $293.1M $206.1M $276.6M $472.2M $545.2M $466.1M $520.5M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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