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Lincoln Elec Hldgs Inc Financials

LECO
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December
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This page shows Lincoln Elec Hldgs Inc (LECO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue
$4.0B
YoY-4.4%
5Y CAGR+5.9%
10Y CAGR+3.6%

Lincoln Elec Hldgs Inc generated $4.0B in revenue in fiscal year 2024. This represents a decrease of 4.4% from the prior year.

EBITDA
$724.7M
YoY-9.9%
5Y CAGR+9.9%
10Y CAGR+5.0%

Lincoln Elec Hldgs Inc's EBITDA was $724.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.9% from the prior year.

Free Cash Flow
$482.4M
YoY-16.3%
5Y CAGR+7.7%
10Y CAGR+3.9%

Lincoln Elec Hldgs Inc generated $482.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 16.3% from the prior year.

Net Income
$466.1M
YoY-14.5%
5Y CAGR+9.7%
10Y CAGR+6.3%

Lincoln Elec Hldgs Inc reported $466.1M in net income in fiscal year 2024. This represents a decrease of 14.5% from the prior year.

EPS (Diluted)
$8.15
YoY-13.0%
5Y CAGR+11.7%
10Y CAGR+9.9%

Lincoln Elec Hldgs Inc earned $8.15 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.0% from the prior year.

Cash & Debt
$377.3M
YoY-4.2%
5Y CAGR+13.6%
10Y CAGR+3.1%

Lincoln Elec Hldgs Inc held $377.3M in cash against $1.2B in long-term debt as of fiscal year 2024.

Dividends Per Share
$2.88
YoY+9.5%
5Y CAGR+8.7%
10Y CAGR+11.4%

Lincoln Elec Hldgs Inc paid $2.88 per share in dividends in fiscal year 2024. This represents an increase of 9.5% from the prior year.

Shares Outstanding
56M
YoY-1.3%
5Y CAGR-1.5%
10Y CAGR-3.1%

Lincoln Elec Hldgs Inc had 56M shares outstanding in fiscal year 2024. This represents a decrease of 1.3% from the prior year.

Gross Margin
36.7%
YoY+1.8pp
5Y CAGR+3.2pp
10Y CAGR+3.0pp

Lincoln Elec Hldgs Inc's gross margin was 36.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin
15.9%
YoY-1.3pp
5Y CAGR+3.5pp
10Y CAGR+2.6pp

Lincoln Elec Hldgs Inc's operating margin was 15.9% in fiscal year 2024, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin
11.6%
YoY-1.4pp
5Y CAGR+1.9pp
10Y CAGR+2.6pp

Lincoln Elec Hldgs Inc's net profit margin was 11.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.4 percentage points from the prior year.

Return on Equity
35.1%
YoY-6.6pp
5Y CAGR-0.7pp
10Y CAGR+15.4pp

Lincoln Elec Hldgs Inc's ROE was 35.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the prior year.

R&D Spending
$81.8M
YoY+14.9%
5Y CAGR+7.6%
10Y CAGR+6.6%

Lincoln Elec Hldgs Inc invested $81.8M in research and development in fiscal year 2024. This represents an increase of 14.9% from the prior year.

Share Buybacks
$263.8M
YoY+32.7%
5Y CAGR-2.1%
10Y CAGR-1.5%

Lincoln Elec Hldgs Inc spent $263.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.7% from the prior year.

Capital Expenditures
$116.6M
YoY+28.2%
5Y CAGR+10.9%
10Y CAGR+4.8%

Lincoln Elec Hldgs Inc invested $116.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 28.2% from the prior year.

LECO Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $1.1B-2.5% $1.1B+8.4% $1.0B-1.7% $1.0B+3.9% $983.8M-3.7% $1.0B+4.1% $981.2M-7.3% $1.1B
Cost of Revenue $671.9M-1.6% $683.1M+6.9% $638.9M-2.2% $653.4M+3.4% $631.7M-1.0% $637.9M+4.1% $612.8M-10.9% $687.5M
Gross Profit $389.3M-4.0% $405.5M+11.0% $365.4M-0.9% $368.6M+4.7% $352.1M-8.3% $383.8M+4.2% $368.4M-0.7% $371.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $206.8M-1.9% $210.9M+7.2% $196.7M+5.1% $187.1M+0.4% $186.3M-10.6% $208.5M+4.9% $198.7M+5.2% $188.9M
Operating Income $176.7M-8.1% $192.1M+16.5% $164.9M-6.8% $177.0M+21.6% $145.6M-2.2% $148.8M-9.8% $165.0M-19.1% $204.0M
Interest Expense $15.1M+6.1% $14.3M-0.7% $14.4M+1.3% $14.2M+0.8% $14.1M+11.5% $12.6M+5.3% $12.0M+0.8% $11.9M
Income Tax $43.4M+8.0% $40.2M+15.6% $34.7M+29.5% $26.8M-14.0% $31.2M-10.7% $34.9M-0.6% $35.1M-13.1% $40.4M
Net Income $122.6M-14.5% $143.4M+21.0% $118.5M-15.5% $140.2M+39.2% $100.8M-0.9% $101.7M-17.6% $123.4M-21.2% $156.6M
EPS (Diluted) $2.21-13.7% $2.56+21.9% $2.10-15.0% $2.47+39.5% $1.770.0% $1.77-17.3% $2.14-20.7% $2.70

LECO Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $3.8B+2.4% $3.7B+2.8% $3.6B+3.0% $3.5B-3.9% $3.7B+7.3% $3.4B+1.1% $3.4B+0.1% $3.4B
Current Assets $1.8B+3.2% $1.7B-0.3% $1.7B+5.1% $1.6B-6.4% $1.8B+8.9% $1.6B-4.0% $1.7B-0.8% $1.7B
Cash & Equivalents $293.0M-2.2% $299.5M-24.1% $394.7M+4.6% $377.3M-6.7% $404.2M+48.2% $272.7M-27.3% $375.0M-4.8% $393.8M
Inventory $671.5M+8.1% $621.4M+8.2% $574.3M+5.6% $544.0M-11.2% $612.4M+5.1% $582.7M+2.7% $567.3M+0.8% $562.9M
Accounts Receivable $501.5M-9.5% $554.3M+6.0% $522.7M+8.5% $482.0M-6.8% $517.0M-5.9% $549.2M+0.9% $544.5M+1.1% $538.8M
Goodwill $887.9M+7.0% $829.5M+1.9% $813.7M+1.1% $804.9M-1.7% $818.8M+3.4% $792.0M+14.8% $689.9M-0.7% $694.5M
Total Liabilities $2.4B+2.2% $2.3B+2.8% $2.3B+4.2% $2.2B-5.7% $2.3B+10.6% $2.1B+1.5% $2.1B+0.2% $2.1B
Current Liabilities $1.0B+1.4% $1.0B+5.7% $969.9M+10.4% $878.8M-7.6% $951.3M+21.4% $783.6M+4.6% $748.9M-0.8% $754.6M
Long-Term Debt $1.2B0.0% $1.2B0.0% $1.2B0.0% $1.2B0.0% $1.2B+4.8% $1.1B-0.4% $1.1B0.0% $1.1B
Total Equity $1.4B+2.5% $1.4B+2.9% $1.3B+1.0% $1.3B-0.9% $1.3B+2.0% $1.3B+0.4% $1.3B-0.1% $1.3B
Retained Earnings $4.2B+1.9% $4.2B+2.5% $4.1B+1.9% $4.0B+2.5% $3.9B+1.6% $3.8B+1.8% $3.8B+2.1% $3.7B

LECO Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow N/A N/A $185.7M N/A N/A N/A $133.3M N/A
Capital Expenditures N/A $25.4M-5.6% $26.9M N/A N/A $23.1M-11.9% $26.3M N/A
Free Cash Flow N/A N/A $158.7M N/A N/A N/A $107.0M N/A
Investing Cash Flow N/A N/A -$22.3M N/A N/A N/A -$25.9M N/A
Financing Cash Flow N/A N/A -$144.5M N/A N/A N/A -$125.4M N/A
Dividends Paid N/A N/A $43.0M N/A N/A N/A $41.3M N/A
Share Buybacks N/A N/A $106.7M N/A N/A N/A $110.4M N/A

LECO Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 36.7%-0.6pp 37.3%+0.9pp 36.4%+0.3pp 36.1%+0.3pp 35.8%-1.8pp 37.6%+0.0pp 37.5%+2.5pp 35.0%
Operating Margin 16.7%-1.0pp 17.6%+1.2pp 16.4%-0.9pp 17.3%+2.5pp 14.8%+0.2pp 14.6%-2.2pp 16.8%-2.5pp 19.3%
Net Margin 11.6%-1.6pp 13.2%+1.4pp 11.8%-1.9pp 13.7%+3.5pp 10.2%+0.3pp 10.0%-2.6pp 12.6%-2.2pp 14.8%
Return on Equity 8.7%-1.7pp 10.4%+1.6pp 8.8%-1.7pp 10.6%+3.0pp 7.5%-0.2pp 7.8%-1.7pp 9.4%-2.5pp 12.0%
Return on Assets 3.2%-0.6pp 3.9%+0.6pp 3.3%-0.7pp 4.0%+1.2pp 2.8%-0.2pp 3.0%-0.7pp 3.6%-1.0pp 4.6%
Current Ratio 1.71+0.0 1.68-0.1 1.78-0.1 1.87+0.0 1.85-0.2 2.06-0.2 2.240.0 2.24
Debt-to-Equity 0.81-0.0 0.83-0.0 0.860.0 0.870.0 0.86+0.0 0.840.0 0.840.0 0.84
FCF Margin N/A N/A 15.8% N/A N/A N/A 10.9% N/A

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 65 / 100
Financial Profile 65/100
Profitability
79
Growth
16
Leverage
79
Liquidity
55
Cash Flow
60
Returns
100

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe
8.04

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral
5/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed
1.29x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Safe
12.0x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Lincoln Elec Hldgs Inc's annual revenue?

Lincoln Elec Hldgs Inc (LECO) reported $4.0B in total revenue for fiscal year 2024. This represents a -4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lincoln Elec Hldgs Inc's revenue growing?

Lincoln Elec Hldgs Inc (LECO) revenue declined by 4.4% year-over-year, from $4.2B to $4.0B in fiscal year 2024.

Is Lincoln Elec Hldgs Inc profitable?

Yes, Lincoln Elec Hldgs Inc (LECO) reported a net income of $466.1M in fiscal year 2024, with a net profit margin of 11.6%.

What is Lincoln Elec Hldgs Inc's earnings per share (EPS)?

Lincoln Elec Hldgs Inc (LECO) reported diluted earnings per share of $8.15 for fiscal year 2024. This represents a -13.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Lincoln Elec Hldgs Inc's EBITDA?

Lincoln Elec Hldgs Inc (LECO) had EBITDA of $724.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lincoln Elec Hldgs Inc have?

As of fiscal year 2024, Lincoln Elec Hldgs Inc (LECO) had $377.3M in cash and equivalents against $1.2B in long-term debt.

What is Lincoln Elec Hldgs Inc's gross margin?

Lincoln Elec Hldgs Inc (LECO) had a gross margin of 36.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lincoln Elec Hldgs Inc's operating margin?

Lincoln Elec Hldgs Inc (LECO) had an operating margin of 15.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Lincoln Elec Hldgs Inc's net profit margin?

Lincoln Elec Hldgs Inc (LECO) had a net profit margin of 11.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Lincoln Elec Hldgs Inc pay dividends?

Yes, Lincoln Elec Hldgs Inc (LECO) paid $2.88 per share in dividends during fiscal year 2024.

What is Lincoln Elec Hldgs Inc's return on equity (ROE)?

Lincoln Elec Hldgs Inc (LECO) has a return on equity of 35.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Lincoln Elec Hldgs Inc's free cash flow?

Lincoln Elec Hldgs Inc (LECO) generated $482.4M in free cash flow during fiscal year 2024. This represents a -16.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lincoln Elec Hldgs Inc's operating cash flow?

Lincoln Elec Hldgs Inc (LECO) generated $599.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lincoln Elec Hldgs Inc's total assets?

Lincoln Elec Hldgs Inc (LECO) had $3.5B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Lincoln Elec Hldgs Inc's capital expenditures?

Lincoln Elec Hldgs Inc (LECO) invested $116.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Lincoln Elec Hldgs Inc spend on research and development?

Lincoln Elec Hldgs Inc (LECO) invested $81.8M in research and development during fiscal year 2024.

Does Lincoln Elec Hldgs Inc buy back shares?

Yes, Lincoln Elec Hldgs Inc (LECO) spent $263.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Lincoln Elec Hldgs Inc have outstanding?

Lincoln Elec Hldgs Inc (LECO) had 56M shares outstanding as of fiscal year 2024.

What is Lincoln Elec Hldgs Inc's current ratio?

Lincoln Elec Hldgs Inc (LECO) had a current ratio of 1.87 as of fiscal year 2024, which is generally considered healthy.

What is Lincoln Elec Hldgs Inc's debt-to-equity ratio?

Lincoln Elec Hldgs Inc (LECO) had a debt-to-equity ratio of 0.87 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lincoln Elec Hldgs Inc's return on assets (ROA)?

Lincoln Elec Hldgs Inc (LECO) had a return on assets of 13.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lincoln Elec Hldgs Inc's Altman Z-Score?

Lincoln Elec Hldgs Inc (LECO) has an Altman Z-Score of 8.04, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Lincoln Elec Hldgs Inc's Piotroski F-Score?

Lincoln Elec Hldgs Inc (LECO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Lincoln Elec Hldgs Inc's earnings high quality?

Lincoln Elec Hldgs Inc (LECO) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Lincoln Elec Hldgs Inc cover its interest payments?

Lincoln Elec Hldgs Inc (LECO) has an interest coverage ratio of 12.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Lincoln Elec Hldgs Inc?

Lincoln Elec Hldgs Inc (LECO) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.