This page shows Lincoln Elec Hldgs Inc (LECO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lincoln Elec Hldgs Inc has an operating margin of 17.0%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is up from 15.9% the prior year.
Lincoln Elec Hldgs Inc's revenue grew 5.6% year-over-year to $4.2B, a solid pace of expansion. This earns a growth score of 43/100.
Lincoln Elec Hldgs Inc carries a low D/E ratio of 0.78, meaning only $0.78 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Lincoln Elec Hldgs Inc's current ratio of 1.82 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
Lincoln Elec Hldgs Inc has a free cash flow margin of 12.6%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.
Lincoln Elec Hldgs Inc earns a strong 35.4% return on equity (ROE), meaning it generates $35 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 90/100. This is up from 35.1% the prior year.
Lincoln Elec Hldgs Inc scores 7.09, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Lincoln Elec Hldgs Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Lincoln Elec Hldgs Inc generates $1.27 in operating cash flow ($661.2M OCF vs $520.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lincoln Elec Hldgs Inc earns $12.3 in operating income for every $1 of interest expense ($718.1M vs $58.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Lincoln Elec Hldgs Inc generated $4.2B in revenue in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Lincoln Elec Hldgs Inc's EBITDA was $816.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.7% from the prior year.
Lincoln Elec Hldgs Inc reported $520.5M in net income in fiscal year 2025. This represents an increase of 11.7% from the prior year.
Lincoln Elec Hldgs Inc earned $9.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Cash & Balance Sheet
Lincoln Elec Hldgs Inc generated $534.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.7% from the prior year.
Lincoln Elec Hldgs Inc held $308.8M in cash against $1.2B in long-term debt as of fiscal year 2025.
Lincoln Elec Hldgs Inc paid $3.04 per share in dividends in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Lincoln Elec Hldgs Inc had 55M shares outstanding in fiscal year 2025. This represents a decrease of 2.3% from the prior year.
Margins & Returns
Lincoln Elec Hldgs Inc's gross margin was 36.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Lincoln Elec Hldgs Inc's operating margin was 17.0% in fiscal year 2025, reflecting core business profitability. This is up 1.1 percentage points from the prior year.
Lincoln Elec Hldgs Inc's net profit margin was 12.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Lincoln Elec Hldgs Inc's ROE was 35.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Capital Allocation
Lincoln Elec Hldgs Inc invested $85.5M in research and development in fiscal year 2025. This represents an increase of 4.6% from the prior year.
Lincoln Elec Hldgs Inc spent $338.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 28.3% from the prior year.
Lincoln Elec Hldgs Inc invested $127.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.
LECO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+1.6% | $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 |
| Cost of Revenue | $704.8M+4.9% | $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 |
| Gross Profit | $373.9M-3.9% | $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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $183.6M-11.2% | $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 |
| Operating Income | $184.3M+4.3% | $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 |
| Interest Expense | $14.6M-3.8% | $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 |
| Income Tax | $36.6M-15.5% | $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 |
| Net Income | $136.0M+10.9% | $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 |
| EPS (Diluted) | N/A | $2.21-13.7% | $2.56+21.9% | $2.10 | N/A | $1.770.0% | $1.77-17.3% | $2.14 |
LECO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8B-1.0% | $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 |
| Current Assets | $1.7B-2.3% | $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 |
| Cash & Equivalents | $308.8M+5.4% | $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 |
| Inventory | $633.4M-5.7% | $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 |
| Accounts Receivable | $538.8M+7.4% | $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 |
| Goodwill | $886.7M-0.1% | $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 |
| Total Liabilities | $2.3B-3.9% | $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 |
| Current Liabilities | $956.7M-8.0% | $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 |
| Long-Term Debt | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B0.0% | $1.2B+4.8% | $1.1B-0.4% | $1.1B |
| Total Equity | $1.5B+3.9% | $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 |
| Retained Earnings | $4.3B+2.2% | $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 |
LECO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $95.0M-59.9% | $236.7M+64.6% | $143.8M-22.5% | $185.7M+93.8% | $95.8M-51.9% | $199.2M+16.7% | $170.7M+28.1% | $133.3M |
| Capital Expenditures | $42.9M+35.8% | $31.6M+24.3% | $25.4M-5.6% | $26.9M-14.4% | $31.5M-11.9% | $35.7M+54.4% | $23.1M-11.9% | $26.3M |
| Free Cash Flow | $52.0M-74.6% | $205.1M+73.2% | $118.4M-25.4% | $158.7M+146.8% | $64.3M-60.7% | $163.5M+10.8% | $147.5M+37.8% | $107.0M |
| Investing Cash Flow | -$43.1M+68.1% | -$134.8M-135.8% | -$57.2M-156.3% | -$22.3M+13.8% | -$25.9M+80.8% | -$134.6M+23.0% | -$174.8M-573.9% | -$25.9M |
| Financing Cash Flow | -$36.5M+66.1% | -$107.7M+37.8% | -$173.2M-19.9% | -$144.5M-56.5% | -$92.3M-239.6% | $66.2M+171.1% | -$93.1M+25.8% | -$125.4M |
| Dividends Paid | $41.8M+0.5% | $41.6M-0.9% | $41.9M-2.4% | $43.0M+7.0% | $40.2M-0.3% | $40.3M-0.3% | $40.4M-2.1% | $41.3M |
| Share Buybacks | $51.8M-1.6% | $52.7M-58.6% | $127.1M+19.2% | $106.7M+103.1% | $52.5M+4.3% | $50.4M0.0% | $50.4M-54.3% | $110.4M |
LECO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.7%-2.0pp | 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% |
| Operating Margin | 17.1%+0.4pp | 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% |
| Net Margin | 12.6%+1.0pp | 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% |
| Return on Equity | 9.3%+0.6pp | 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% |
| Return on Assets | 3.6%+0.4pp | 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% |
| Current Ratio | 1.82+0.1 | 1.71+0.0 | 1.68-0.1 | 1.78-0.1 | 1.87+0.0 | 1.85-0.2 | 2.06-0.2 | 2.24 |
| Debt-to-Equity | 0.78-0.0 | 0.81-0.0 | 0.83-0.0 | 0.860.0 | 0.870.0 | 0.86+0.0 | 0.840.0 | 0.84 |
| FCF Margin | 4.8%-14.5pp | 19.3%+8.5pp | 10.9%-4.9pp | 15.8%+9.5pp | 6.3%-10.3pp | 16.6%+2.2pp | 14.4%+3.5pp | 10.9% |
Similar Companies
Frequently Asked Questions
What is Lincoln Elec Hldgs Inc's annual revenue?
Lincoln Elec Hldgs Inc (LECO) reported $4.2B in total revenue for fiscal year 2025. This represents a 5.6% 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 grew by 5.6% year-over-year, from $4.0B to $4.2B in fiscal year 2025.
Is Lincoln Elec Hldgs Inc profitable?
Yes, Lincoln Elec Hldgs Inc (LECO) reported a net income of $520.5M in fiscal year 2025, with a net profit margin of 12.3%.
What is Lincoln Elec Hldgs Inc's EBITDA?
Lincoln Elec Hldgs Inc (LECO) had EBITDA of $816.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lincoln Elec Hldgs Inc have?
As of fiscal year 2025, Lincoln Elec Hldgs Inc (LECO) had $308.8M 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 36.3% in fiscal year 2025, 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 17.0% in fiscal year 2025, 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 12.3% in fiscal year 2025, 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 $3.04 per share in dividends during fiscal year 2025.
What is Lincoln Elec Hldgs Inc's return on equity (ROE)?
Lincoln Elec Hldgs Inc (LECO) has a return on equity of 35.4% for fiscal year 2025, 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 $534.2M in free cash flow during fiscal year 2025. This represents a 10.7% 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 $661.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lincoln Elec Hldgs Inc's total assets?
Lincoln Elec Hldgs Inc (LECO) had $3.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lincoln Elec Hldgs Inc's capital expenditures?
Lincoln Elec Hldgs Inc (LECO) invested $127.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lincoln Elec Hldgs Inc spend on research and development?
Lincoln Elec Hldgs Inc (LECO) invested $85.5M in research and development during fiscal year 2025.
What is Lincoln Elec Hldgs Inc's current ratio?
Lincoln Elec Hldgs Inc (LECO) had a current ratio of 1.82 as of fiscal year 2025, 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 0.78 as of fiscal year 2025, 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 13.8% for fiscal year 2025, 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 7.09, 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. Learn more in our complete guide to financial health indicators.
What is Lincoln Elec Hldgs Inc's Piotroski F-Score?
Lincoln Elec Hldgs Inc (LECO) has a Piotroski F-Score of 6 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. Learn more in our complete guide to financial health indicators.
Are Lincoln Elec Hldgs Inc's earnings high quality?
Lincoln Elec Hldgs Inc (LECO) has an earnings quality ratio of 1.27x, 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. Learn more in our complete guide to financial health indicators.
Can Lincoln Elec Hldgs Inc cover its interest payments?
Lincoln Elec Hldgs Inc (LECO) has an interest coverage ratio of 12.3x, 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. Learn more in our complete guide to financial health indicators.
How financially healthy is Lincoln Elec Hldgs Inc?
Lincoln Elec Hldgs Inc (LECO) scores 61 out of 100 on our Financial Profile, indicating moderate 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. Learn more in our complete guide to financial health indicators.