Monday 2 November 2026 Export LECO’s income statement to Excel — free account

Lincoln Electric Holdings, Inc.

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: +87.7%
Total debt: −7.15%

Quarter to September 2026, against a year earlier

Dividend growth 25 yrs

286.58 9.66 +3.49%

Follow LECO

Alert me

Market cap: $15.0B
P/E: 27.2×
Fwd P/E: 24.8×
Dividend yield: 1.10%
F-score: 6/9
Altman Z: 7.06
Beneish M: −2.53
Dividend safety: 93/100

Overview Segments Filings

Lincoln Electric Holdings, Inc. (LECO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Americas Welding	2,724	64.34%
International Welding	931	21.99%
The Harris Products Group	579	13.67%
Gross margin		36.25%
Operating margin		16.96%
Pre-tax margin		15.96%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Consumables	2,283 53.94%	2,089 52.11%	2,212 52.78%	2,183 58.04%	1,857 57.41%	1,510 56.85%	1,715 57.10%	1,756 57.97%
Equipment	1,080 25.50%	1,009 25.16%	1,038 24.77%	1,578 41.96%	1,377 42.59%	1,146 43.15%	1,288 42.90%	1,273 42.03%
Automation	870 20.56%	911 22.74%	941 22.45%	—	—	—	—	—
Revenue	4,233	4,009	4,192	3,761	3,234	2,655	3,003	3,029

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Americas Welding	2,724 64.34%	2,565 63.98%	2,656 63.35%	2,289 60.86%	1,824 56.41%	1,510 56.86%	1,816 60.46%	1,925 63.57%	1,707 65.05%	1,589 69.84%	1,834 72.32%	1,948 69.25%	—	—	—
International Welding	931 21.99%	934 23.29%	1,040 24.81%	954 25.37%	948 29.32%	787 29.63%	854 28.45%	938 30.98%	743 28.31%	523 23.00%	549 21.66%	703 24.99%	—	—	—
The Harris Products Group	579 13.67%	510 12.72%	496 11.84%	518 13.77%	462 14.27%	359 13.51%	333 11.09%	309 10.21%	299 11.39%	281 12.36%	273 10.78%	302 10.75%	318 11.14%	343 12.02%	352 13.06%
Intersegment Eliminations	—	—	—	—	—	—	—	—	(124) (4.74%)	(118) (5.20%)	(121) (4.76%)	(140) (4.99%)	(172) (6.03%)	(171) (5.98%)	(178) (6.62%)
North America Welding	—	—	—	—	—	—	—	—	—	—	—	—	1,780 62.40%	1,712 60.00%	1,446 53.66%
Europe Welding	—	—	—	—	—	—	—	—	—	—	—	—	449 15.76%	468 16.41%	526 19.52%
Asia Pacific Welding	—	—	—	—	—	—	—	—	—	—	—	—	281 9.86%	339 11.89%	392 14.54%
South America Welding	—	—	—	—	—	—	—	—	—	—	—	—	196 6.88%	162 5.66%	157 5.83%
Eliminations	—	—	—	—	—	—	—	(144) (4.77%)	—	—	—	—	—	—	—
Aggregation before other operating segment	4,233	4,009	4,192	—	—	—	—	—	—	—	—	—	—	—	—
Revenue	4,233	4,009	4,192	3,761	3,234	2,655	3,003	3,029	2,624	2,275	2,536	2,813	2,853	2,853	2,695

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Americas Welding	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Welding	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
The Harris Products Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
United States	2,632 62.18%	2,355 58.75%	2,399 57.22%	2,128 56.59%	1,726 53.38%	1,432 53.92%	1,615 53.79%	1,555 51.33%	1,389 52.92%
Foreign countries	1,601 37.82%	1,653 41.25%	1,793 42.78%	1,633 43.41%	1,508 46.62%	1,224 46.08%	1,388 46.21%	1,474 48.67%	1,236 47.08%
Revenue	4,233	4,009	4,192	3,761	3,234	2,655	3,003	3,029	2,624

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Net sales change due to price	Q3 FY2026	5.70%	7.80%	—
Net sales change due to volume	Q3 FY2026	8.80%	−2.20%	—
Organic sales growth	Q3 FY2026	14.5%	5.60%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Net sales change due to price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net sales change due to volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Organic sales growth	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.