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) Return on invested capital

Alert me on Return on invested capital

Lincoln Electric Holdings, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 20.7%, up 2.4 percentage points from fiscal 2025 (18.3%). Over the past ten years it has ranged from 11.6% (fiscal 2015) to 22.2% (fiscal 2023); the current reading is higher than 55% of that period. That is above the Tools & Accessories industry median of 7.05% and above the Industrials sector median of 1.86%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 18.3% 0.20
FY2024 18.1% (4.15)
FY2023 22.2% 2.69
FY2022 19.5% (1.24)
FY2021 20.8% 6.66
FY2020 14.1% (3.28)
FY2019 17.4% (1.66)
FY2018 19.1% (1.77)
FY2017 20.8% 3.07
FY2016 17.8% 6.17

Against its own ten years

Low 11.6% High 22.2%
Ten-year median 18.3%
Current reading's percentile 55

Return on invested capital against peers

Company Return on invested capital
LECO Lincoln Electric Holdings, Inc. 20.7%
KMT Kennametal Inc. compare 18.7%
SNA Snap-On Incorporated compare 15.4%
TTC Toro Company (The) compare 14.4%
RBC RBC Bearings Incorporated compare 7.39%
SWK Stanley Black & Decker, Inc. compare 7.05%
TKR Timken Company (The) compare 6.76%
HLMN Hillman Solutions Corp. compare 2.98%
EML Eastern Company (The) compare 2.86%
Tools & Accessories industry median 7.05%
Industrials sector median 1.86%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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