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.

Revenue
+15.1%
EPS
+19.0%
Free cash flow
−13.1%
Total debt
−7.15%

Quarter to September 2026, against a year earlier

272.49 6.84 −2.45%
Market cap
$14.7B
P/E
25.9×
Fwd P/E
24.8×
Dividend yield
1.16%
F-score
6/9
Altman Z
7.06
Beneish M
−2.53
Dividend safety
93/100

Lincoln Electric Holdings, Inc. (LECO) Gross margin

Alert me on Gross margin

Lincoln Electric Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 35.5%, down 0.8 percentage points from fiscal 2025 (36.3%). Over the past ten years it has ranged from 32.8% (fiscal 2020) to 36.7% (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Tools & Accessories industry median of 34.6% and above the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 36.3% (0.49)
FY2024 36.7% 1.78
FY2023 35.0% 0.91
FY2022 34.1% 1.01
FY2021 33.0% 0.23
FY2020 32.8% (0.74)
FY2019 33.6% (0.41)
FY2018 34.0% 0.62
FY2017 33.3% (1.24)
FY2016 34.6% 1.41

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 34.8% (2.01)
Jun 2026 36.8% 1.22
Mar 2026 35.6% 0.92
Dec 2025 34.7% (2.01)
43 more quarters

Against its own ten years

Low 32.8% High 36.7%
Ten-year median 34.0%
Current reading's percentile 77

Gross margin against peers

Company Gross margin
KMT Kennametal Inc. compare 50.6%
SNA Snap-On Incorporated compare 50.5%
HLMN Hillman Solutions Corp. compare 47.9%
RBC RBC Bearings Incorporated compare 45.5%
LECO Lincoln Electric Holdings, Inc. 35.5%
SWK Stanley Black & Decker, Inc. compare 33.8%
TTC Toro Company (The) compare 33.4%
TKR Timken Company (The) compare 31.3%
EML Eastern Company (The) compare 21.6%
Tools & Accessories industry median 34.6%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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