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

272.02 0.11 −0.04%
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) Operating margin

Alert me on Operating margin

Lincoln Electric Holdings, Inc.'s operating margin over the twelve months to 30 September 2026 was 17.3%, up 0.3 percentage points from fiscal 2025 (17.0%). Over the past ten years it has ranged from 7.17% (fiscal 2015) to 17.1% (fiscal 2023); the current reading is higher than 91% of that period. That is above the Tools & Accessories industry median of 10.7% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.0% 1.08
FY2024 15.9% (1.25)
FY2023 17.1% 0.85
FY2022 16.3% 2.01
FY2021 14.3% 3.65
FY2020 10.6% (1.73)
FY2019 12.4% (0.05)
FY2018 12.4% (1.96)
FY2017 14.4% 1.89
FY2016 12.5% 5.30

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 17.3% (0.78)
Jun 2026 18.1% 1.49
Mar 2026 16.6% (0.49)
Dec 2025 17.1% 0.44
43 more quarters

Against its own ten years

Low 7.17% High 17.1%
Ten-year median 14.3%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
KMT Kennametal Inc. compare 31.0%
SNA Snap-On Incorporated compare 27.0%
RBC RBC Bearings Incorporated compare 24.4%
LECO Lincoln Electric Holdings, Inc. 17.3%
TKR Timken Company (The) compare 11.0%
TTC Toro Company (The) compare 10.3%
SWK Stanley Black & Decker, Inc. compare 9.48%
HLMN Hillman Solutions Corp. compare 6.29%
EML Eastern Company (The) compare 3.07%
Tools & Accessories industry median 10.7%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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