Lincoln Electric Holdings Inc (LECO) Financial Statements
Industry: Metalworkg Machinery & Equipment
In fiscal 2025, Lincoln Electric reported revenue of $4.23B, up 5.6% from $4.01B the year before. Net income was $520.5M (a 12.3% net margin), or $9.32 per diluted share. Gross margin was 36.2% and operating margin was 17.0%. Operating activities generated $661.2M of cash, leaving $534.2M of free cash flow. At fiscal year end, Lincoln Electric held $3.78B in total assets against $2.31B in total liabilities, including $308.8M of cash and equivalents.
Open the full interactive Lincoln Electric financials → Quarterly statements, key ratios, valuation history and price charts.
Lincoln Electric Key Stats
| Share Price | $262.57 |
|---|---|
| Market Cap | $14.47B |
| P/E Ratio | 28.2 |
| Revenue YoY Growth | +5.6% |
| 52-Week Range | $217.92 – $296.16 |
| Shares Outstanding | 54.7 million (basic, 2026 Q2) |
Lincoln Electric Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.66B | $3.23B | $3.76B | $4.19B | $4.01B | $4.23B |
| Cost of Goods Sold | $1.78B | $2.17B | $2.48B | $2.73B | $2.54B | $2.70B |
| Gross Profit | $871.3M | $1.07B | $1.28B | $1.47B | $1.47B | $1.53B |
| Operating Income | $282.1M | $461.7M | $612.3M | $717.8M | $636.5M | $718.1M |
| Pre-Tax Income | $264.0M | $325.0M | $592.8M | $686.9M | $594.1M | $675.5M |
| Income Tax | $57.9M | $48.4M | $120.6M | $141.6M | $128.0M | $154.9M |
| Net Income | $206.1M | $276.5M | $472.2M | $545.2M | $466.1M | $520.5M |
| Diluted EPS | $3.42 | $4.60 | $8.04 | $9.37 | $8.15 | $9.32 |
Lincoln Electric Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.06B | $1.08B | $1.12B | $1.22B |
| Net Income | $122.6M | $136.0M | $136.4M | $158.5M |
| Diluted EPS | $2.21 | $2.43 | $2.47 | $2.88 |
Lincoln Electric Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $257.3M | $193.0M | $197.2M | $393.8M | $377.3M | $308.8M |
| Current Assets | $1.11B | $1.29B | $1.56B | $1.69B | $1.65B | $1.74B |
| Total Assets | $2.31B | $2.59B | $3.18B | $3.38B | $3.52B | $3.78B |
| Current Liabilities | $549.4M | $755.9M | $852.9M | $754.6M | $878.8M | $956.7M |
| Total Long-Term Debt | $715.6M | $717.9M | $1.12B | $1.10B | $1.25B | $1.15B |
| Total Liabilities | $1.52B | $1.73B | $2.15B | $2.07B | $2.19B | $2.31B |
| Shareholders' Equity | $789.3M | $864.1M | $1.03B | $1.31B | $1.33B | $1.47B |
Lincoln Electric Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $351.4M | $365.1M | $383.4M | $667.5M | $599.0M | $661.2M |
| Cash From Investing | -$49.2M | -$205.4M | -$504.7M | -$74.7M | -$361.2M | -$257.3M |
| Cash From Financing | -$246.1M | -$221.9M | $133.7M | -$412.4M | -$244.6M | -$461.9M |
| Free Cash Flow | $292.2M | $302.5M | $311.5M | $576.6M | $482.4M | $534.2M |
Figures from Lincoln Electric's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lincoln Electric financials page for every line item.
Lincoln Electric Company Profile
| Ticker | LECO |
|---|---|
| Exchange | Nasdaq |
| Industry | Metalworkg Machinery & Equipment |
| Headquarters | Cleveland, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000059527 |
Frequently Asked Questions
What was Lincoln Electric's revenue in fiscal 2025?
Lincoln Electric (LECO) reported revenue of $4.23B for fiscal 2025.
What is Lincoln Electric's annual revenue history?
Lincoln Electric's annual revenue by fiscal year: 2020: $2.66B; 2021: $3.23B; 2022: $3.76B; 2023: $4.19B; 2024: $4.01B; 2025: $4.23B.
What was Lincoln Electric's net income in fiscal 2025?
Lincoln Electric reported net income of $520.5M for fiscal 2025.
What was Lincoln Electric's earnings per share (EPS) in fiscal 2025?
Lincoln Electric's diluted EPS was $9.32 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Lincoln Electric generate in fiscal 2025?
Lincoln Electric generated $534.2M of free cash flow in fiscal 2025.
What was Lincoln Electric's revenue last quarter?
In its most recent reported quarter (2026 Q2), Lincoln Electric reported revenue of $1.22B.
How much debt does Lincoln Electric have?
Lincoln Electric reported $1.15B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Lincoln Electric are outstanding?
Lincoln Electric reported a weighted average of 54.7 million basic shares outstanding in 2026 Q2.
What is Lincoln Electric's market cap?
Based on its latest closing price, Lincoln Electric (LECO) has a market capitalization of about $14.47B.
When does Lincoln Electric's fiscal year end?
Lincoln Electric's fiscal year end, as registered with the SEC, is December 31.
Where is Lincoln Electric headquartered?
Lincoln Electric lists its business address in Cleveland, Ohio in its SEC filings.