Sunday 11 October 2026
Export all LECO data to Excel Powerpack
Lincoln Electric Holdings, Inc.
LECO Industrials Tools & Accessories
Lincoln Electric Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 5.60% from fiscal 2024. In the quarter to June 2026, revenue grew 12.0%, EPS grew 12.4%, free cash flow grew 87.7% and total debt fell 8.41%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
261.13
2.35
+0.91%
Follow LECO
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
25.49 | 22.78 | 22.45 | 17.98 | 29.93 | 33.79 | 20.49 | 17.80 | 24.51 | 26.50 |
Piotroski F-Score |
6 | 6 | 8 | 6 | 8 | 5 | 5 | 8 | 6 | 7 |
P/S ratio |
3.14 | 2.65 | 2.92 | 2.26 | 2.56 | 2.61 | 2.00 | 1.69 | 2.31 | 2.31 |
Altman Z-Score |
7.06 | 6.49 | 7.42 | 5.88 | 6.56 | 6.28 | 5.97 | 5.80 | 5.87 | 6.19 |
Altman Z″-Score (non-manufacturers) |
7.05 | 6.98 | 7.48 | 6.64 | 6.81 | 6.93 | 6.79 | 7.22 | 7.25 | 7.55 |
P/FCF ratio |
24.53 | 21.66 | 19.58 | 26.94 | 26.74 | 23.12 | 17.47 | 18.63 | 21.99 | 19.92 |
Beneish M-Score |
(2.53) | (2.77) | (2.65) | (2.10) | (2.48) | (2.79) | (2.67) | (2.50) | (2.27) | (2.83) |
P/Operating CF |
139.82 | 110.84 | 100.77 | 75.87 | 75.24 | 51.05 | 48.92 | 51.48 | 67.70 | 72.62 |
Dividend Safety Score |
93 | — | — | — | — | — | — | — | — | — |
P/B ratio |
9.03 | 8.00 | 9.37 | 8.20 | 9.57 | 8.77 | 7.32 | 5.76 | 6.50 | 7.38 |
Price to Tangible BV |
22.77 | 35.22 | 28.66 | 51.08 | 29.09 | 21.65 | 19.70 | 11.16 | 10.62 | 15.01 |
EV/Sales |
3.37 | 2.87 | 3.09 | 2.50 | 2.72 | 2.78 | 2.17 | 1.80 | 2.38 | 2.44 |
EV/EBITDA |
17.47 | 15.86 | 16.12 | 13.63 | 16.21 | 20.38 | 14.38 | 12.19 | 14.06 | 15.89 |
EV/Operating CF |
21.57 | 19.19 | 19.43 | 24.54 | 24.10 | 21.03 | 16.14 | 16.59 | 18.69 | 17.73 |
EV/FCF |
26.35 | 23.44 | 20.72 | 29.88 | 28.44 | 24.65 | 18.96 | 19.88 | 22.71 | 21.01 |
Quick Ratio |
0.89 | 0.98 | 1.24 | 0.87 | 0.82 | 1.15 | 1.02 | 1.40 | 1.70 | 1.78 |
Current Ratio |
1.82 | 1.87 | 2.24 | 1.83 | 1.71 | 2.02 | 1.91 | 2.30 | 2.60 | 2.69 |
Net Debt/EBITDA |
1.21 | 1.21 | 0.88 | 1.34 | 0.97 | 1.26 | 1.13 | 0.77 | 0.45 | 0.82 |
Debt/Assets |
34.25% | 35.53% | 32.65% | 35.26% | 27.69% | 30.92% | 30.04% | 29.90% | 29.26% | 36.22% |
Debt/Equity |
0.88 | 0.94 | 0.84 | 1.08 | 0.83 | 0.91 | 0.87 | 0.79 | 0.76 | 0.99 |
Asset Turnover |
1.16 | 1.16 | 1.28 | 1.30 | 1.32 | 1.13 | 1.27 | 1.27 | 1.21 | 1.22 |
Operating CF/Net income |
1.27 | 1.29 | 1.22 | 0.81 | 1.32 | 1.70 | 1.38 | 1.15 | 1.35 | 1.58 |
Capex/Depreciation |
(1.22) | (1.23) | (0.48) | (0.88) | (0.69) | (0.64) | (0.74) | (0.75) | (0.87) | (0.75) |
Interest Coverage |
13.93 | 14.88 | 16.18 | 20.76 | 20.78 | 12.84 | 15.84 | 21.38 | 19.40 | 16.70 |
| 37.22% | 35.36% | 46.54% | 49.76% | 33.44% | 25.62% | 34.35% | 31.54% | 30.10% | 24.13% | |
| 14.27% | 13.52% | 16.63% | 16.36% | 11.27% | 8.80% | 12.42% | 12.07% | 11.38% | 10.64% | |
ROIC |
18.28% | 18.08% | 22.23% | 19.54% | 20.78% | 14.12% | 17.40% | 19.06% | 20.83% | 17.76% |
Return on Tangible Assets |
35.04% | 33.64% | 36.02% | 37.79% | 26.46% | 19.00% | 28.14% | 24.36% | 18.72% | 19.30% |
Average Days of Receivables |
46.46 | 43.89 | 46.92 | 52.55 | 48.42 | 51.34 | 45.53 | 47.83 | 54.97 | 43.97 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.85% | 19.47% | 18.11% | 17.46% | 18.46% | 20.48% | 20.69% | 20.73% | 20.62% | 20.60% |
Intangible Assets out of Total Assets |
0.30 | 0.29 | 0.26 | 0.27 | 0.22 | 0.20 | 0.22 | 0.18 | 0.15 | 0.19 |
Share Based Compensation of Revenue |
0.48% | 0.60% | 0.63% | 0.67% | 0.74% | 0.58% | 0.55% | 0.61% | 0.48% | 0.45% |
Graham Net Nets |
(0.04) | (0.05) | (0.03) | (0.07) | (0.05) | (0.06) | (0.08) | (0.04) | (0.02) | (0.04) |
Graham Number |
74.90 | 65.88 | 69.91 | 57.09 | 39.08 | 32.03 | 37.47 | 36.93 | 34.64 | 26.43 |
Earnings Yield |
3.92% | 4.39% | 4.45% | 5.56% | 3.34% | 2.96% | 4.88% | 5.62% | 4.08% | 3.77% |
Free Cash Flow Yield |
4.08% | 4.62% | 5.11% | 3.71% | 3.74% | 4.33% | 5.72% | 5.37% | 4.55% | 5.02% |
Revenue per Share |
76.39 | 70.78 | 73.07 | 64.81 | 54.53 | 44.53 | 48.47 | 46.68 | 39.92 | 33.72 |
Operating CF per Share |
11.93 | 10.58 | 11.64 | 6.61 | 6.16 | 5.89 | 6.51 | 5.07 | 5.09 | 4.63 |
Capex per Share |
(2.16) | (1.92) | (0.72) | (1.18) | (0.94) | (0.86) | (0.97) | (0.84) | (0.90) | (0.72) |
Free Cash Flow per Share |
9.77 | 8.65 | 10.91 | 5.43 | 5.22 | 5.03 | 5.54 | 4.23 | 4.19 | 3.91 |
Cash per Share |
5.57 | 6.66 | 6.86 | 3.40 | 3.25 | 4.31 | 3.22 | 5.53 | 7.69 | 6.20 |
Shareholders Equity per Share |
26.53 | 23.44 | 22.82 | 17.82 | 14.57 | 13.25 | 13.22 | 13.68 | 14.18 | 10.56 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
26.53 | 23.44 | 22.82 | 17.82 | 14.57 | 13.25 | 13.22 | 13.68 | 14.18 | 10.56 |
Free Cash Flow |
541.38 | 490.17 | 626.05 | 314.83 | 309.31 | 299.83 | 343.08 | 274.66 | 275.49 | 263.81 |
Working Capital |
782.82 | 766.48 | 938.50 | 704.89 | 533.69 | 562.89 | 512.45 | 699.62 | 844.87 | 655.61 |
Capital Expenditures |
(119.80) | (108.80) | (41.49) | (68.55) | (55.75) | (51.53) | (60.11) | (54.49) | (59.35) | (48.75) |
Net Current Asset Value |
(568.27) | (547.43) | (375.33) | (588.71) | (438.80) | (411.86) | (476.55) | (224.43) | (100.49) | (187.52) |
EV/EBIT |
19.86 | 18.06 | 18.07 | 15.36 | 19.05 | 26.20 | 17.54 | 14.54 | 16.60 | 19.54 |
Capex to Sales |
0.03 | 0.03 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
18.49 | 16.68 | 17.08 | 13.85 | 17.92 | 24.58 | 16.16 | 13.62 | 16.07 | 18.53 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.14 | 0.15 | 0.14 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.17 |
Cash ROIC |
17.62% | 16.59% | 22.32% | 13.38% | 17.43% | 17.01% | 19.82% | 14.09% | 12.86% | 14.38% |
Accounts Receivable Turnover |
8.29 | 7.85 | 7.76 | 7.75 | 8.06 | 7.10 | 7.79 | 7.65 | 7.84 | 8.44 |
Accounts Payable Turnover |
8.16 | 8.15 | 8.05 | 7.27 | 7.38 | 6.74 | 7.37 | 7.43 | 7.84 | 9.04 |
Inventory Turnover |
4.58 | 4.58 | 4.44 | 4.12 | 4.70 | 4.60 | 5.28 | 5.63 | 5.79 | 5.60 |
Average Days of Payables |
49.36 | 42.69 | 43.57 | 51.81 | 55.66 | 52.48 | 49.93 | 49.02 | 56.29 | 43.36 |
Days of Inventory on Hand |
85.66 | 78.31 | 75.36 | 97.92 | 91.00 | 78.00 | 72.01 | 66.03 | 72.75 | 62.65 |
Average Receivables |
510.39 | 510.40 | 540.18 | 485.30 | 401.28 | 374.07 | 385.77 | 396.08 | 334.64 | 269.35 |
Average Payables |
330.76 | 311.01 | 338.76 | 341.15 | 293.38 | 264.77 | 270.80 | 269.18 | 223.26 | 164.69 |
Average Inventory |
588.70 | 553.45 | 614.16 | 602.69 | 460.59 | 387.50 | 377.79 | 355.25 | 302.04 | 265.67 |
Average Assets |
3,648.86 | 3,448.72 | 3,278.92 | 2,886.43 | 2,453.38 | 2,342.83 | 2,360.52 | 2,378.19 | 2,174.99 | 1,863.80 |
Average Common Equity |
1,398.61 | 1,318.14 | 1,171.45 | 948.98 | 827.08 | 804.66 | 853.33 | 910.02 | 822.33 | 822.33 |
Columns are period end dates