Lincoln Electric Holdings Inc
NASDAQ:LECO

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Lincoln Electric Holdings Inc Logo
Lincoln Electric Holdings Inc
NASDAQ:LECO
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Price: 258.03 USD -1.2% Market Closed
Market Cap: $14.2B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
+14%
5Y
+55%
10Y
+57%
Operating Income
+
3Y
+21%
5Y
+124%
10Y
+98%
Net Income
+
3Y
+20%
5Y
+156%
10Y
+241%

Earnings Waterfall
Lincoln Electric Holdings Inc

Income Statement
Lincoln Electric Holdings Inc

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
6
5
6
8
9
10
9
9
8
8
7
6
6
6
7
8
8
9
9
9
10
10
11
11
11
12
12
12
12
12
11
10
9
7
7
7
7
7
7
7
7
6
6
5
4
4
4
3
3
3
4
4
10
11
14
19
22
24
24
22
19
0
17
0
24
0
0
0
25
0
0
0
26
0
0
0
24
6
12
18
24
25
25
28
31
39
44
48
51
49
49
51
53
55
57
58
Revenue
979
N/A
975
0%
985
+1%
993
+1%
994
+0%
995
+0%
1 000
+1%
1 010
+1%
1 041
+3%
1 098
+5%
1 165
+6%
1 252
+8%
1 334
+7%
1 390
+4%
1 464
+5%
1 532
+5%
1 601
+5%
1 707
+7%
1 803
+6%
1 886
+5%
1 972
+5%
2 053
+4%
2 137
+4%
2 206
+3%
2 281
+3%
2 352
+3%
2 465
+5%
2 533
+3%
2 479
-2%
2 271
-8%
1 984
-13%
1 793
-10%
1 729
-4%
1 789
+3%
1 891
+6%
1 968
+4%
2 070
+5%
2 198
+6%
2 382
+8%
2 564
+8%
2 695
+5%
2 823
+5%
2 867
+2%
2 863
0%
2 853
0%
2 845
0%
2 828
-1%
2 823
0%
2 853
+1%
2 819
-1%
2 820
+0%
2 844
+1%
2 813
-1%
2 786
-1%
2 722
-2%
2 652
-3%
2 536
-4%
2 429
-4%
2 356
-3%
2 279
-3%
2 275
0%
2 305
+1%
2 339
+1%
2 441
+4%
2 624
+8%
2 801
+7%
2 965
+6%
3 032
+2%
3 029
0%
3 030
+0%
3 017
0%
3 011
0%
3 003
0%
2 946
-2%
2 760
-6%
2 698
-2%
2 655
-2%
2 710
+2%
2 946
+9%
3 084
+5%
3 234
+5%
3 403
+5%
3 546
+4%
3 675
+4%
3 761
+2%
3 875
+3%
3 966
+2%
4 064
+2%
4 192
+3%
4 134
-1%
4 095
-1%
4 045
-1%
4 009
-1%
4 032
+1%
4 099
+2%
4 176
+2%
Gross Profit
Cost of Revenue
(672)
(677)
(686)
(693)
(694)
(702)
(718)
(731)
(760)
(801)
(837)
(902)
(971)
(1 013)
(1 074)
(1 123)
(1 164)
(1 238)
(1 302)
(1 355)
(1 420)
(1 472)
(1 534)
(1 585)
(1 633)
(1 685)
(1 762)
(1 793)
(1 759)
(1 638)
(1 450)
(1 330)
(1 273)
(1 299)
(1 359)
(1 418)
(1 506)
(1 597)
(1 733)
(1 874)
(1 958)
(2 032)
(2 047)
(2 015)
(1 987)
(1 967)
(1 935)
(1 910)
(1 910)
(1 877)
(1 868)
(1 883)
(1 864)
(1 843)
(1 804)
(1 776)
(1 695)
(1 619)
(1 569)
(1 491)
(1 485)
(1 502)
(1 522)
(1 606)
(1 749)
(1 871)
(1 982)
(2 015)
(2 000)
(2 000)
(1 990)
(1 997)
(1 999)
(1 962)
(1 853)
(1 814)
(1 783)
(1 823)
(1 972)
(2 054)
(2 160)
(2 252)
(2 336)
(2 427)
(2 479)
(2 565)
(2 615)
(2 652)
(2 714)
(2 648)
(2 602)
(2 566)
(2 531)
(2 557)
(2 602)
(2 644)
Gross Profit
307
N/A
298
-3%
300
+1%
300
N/A
300
+0%
294
-2%
282
-4%
279
-1%
281
+1%
297
+6%
327
+10%
350
+7%
362
+4%
377
+4%
390
+4%
409
+5%
437
+7%
469
+7%
501
+7%
531
+6%
552
+4%
580
+5%
603
+4%
621
+3%
648
+4%
667
+3%
703
+5%
740
+5%
720
-3%
633
-12%
535
-16%
463
-13%
456
-1%
489
+7%
532
+9%
551
+4%
564
+2%
602
+7%
649
+8%
690
+6%
737
+7%
791
+7%
820
+4%
848
+3%
867
+2%
878
+1%
893
+2%
913
+2%
943
+3%
942
0%
952
+1%
961
+1%
949
-1%
943
-1%
919
-3%
876
-5%
841
-4%
810
-4%
787
-3%
788
+0%
789
+0%
803
+2%
818
+2%
836
+2%
875
+5%
930
+6%
983
+6%
1 017
+3%
1 029
+1%
1 030
+0%
1 027
0%
1 014
-1%
1 005
-1%
984
-2%
907
-8%
884
-3%
872
-1%
888
+2%
974
+10%
1 030
+6%
1 074
+4%
1 151
+7%
1 210
+5%
1 247
+3%
1 282
+3%
1 310
+2%
1 352
+3%
1 412
+4%
1 478
+5%
1 485
+1%
1 493
+1%
1 479
-1%
1 478
0%
1 475
0%
1 496
+1%
1 532
+2%
Operating Income
Operating Expenses
(190)
(189)
(196)
(207)
(198)
(199)
(197)
(201)
(211)
(221)
(238)
(247)
(257)
(263)
(266)
(276)
(285)
(295)
(307)
(316)
(316)
(329)
(338)
(350)
(370)
(380)
(399)
(414)
(405)
(384)
(350)
(328)
(333)
(343)
(365)
(376)
(378)
(391)
(406)
(421)
(440)
(462)
(474)
(485)
(487)
(508)
(513)
(519)
(519)
(530)
(536)
(540)
(534)
(530)
(517)
(506)
(472)
(633)
(476)
(477)
(442)
(472)
(479)
(491)
(518)
(578)
(600)
(610)
(615)
(626)
(632)
(637)
(605)
(612)
(574)
(557)
(536)
(537)
(555)
(573)
(586)
(607)
(631)
(641)
(642)
(665)
(684)
(719)
(741)
(758)
(782)
(771)
(786)
(790)
(776)
(799)
Selling, General & Administrative
(190)
(189)
(196)
(196)
(198)
(199)
(197)
(201)
(211)
(221)
(238)
(247)
(257)
(263)
(266)
(276)
(285)
(295)
(307)
(316)
(316)
(329)
(339)
(350)
(370)
(380)
(399)
(414)
(405)
(384)
(351)
(328)
(333)
(343)
(365)
(376)
(378)
(392)
(406)
(421)
(440)
(462)
(474)
(485)
(450)
(508)
(513)
(519)
(477)
(530)
(536)
(540)
(490)
(530)
(517)
(506)
(425)
(470)
(476)
(476)
(397)
(472)
(479)
(491)
(470)
(578)
(600)
(610)
(561)
(625)
(631)
(637)
(548)
(606)
(567)
(549)
(485)
(537)
(555)
(573)
(530)
(607)
(631)
(641)
(579)
(665)
(684)
(718)
(670)
(758)
(782)
(771)
(704)
(790)
(776)
(799)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(37)
0
0
0
(42)
0
0
0
(43)
0
0
0
(47)
0
0
0
(45)
0
0
0
(48)
0
0
0
(54)
0
0
0
(57)
0
0
0
(51)
0
0
0
(56)
0
0
0
(63)
0
0
0
(71)
0
0
0
(82)
0
0
0
Other Operating Expenses
0
0
0
(10)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(163)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6)
(7)
(8)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
117
N/A
109
-7%
104
-4%
93
-11%
102
+10%
94
-8%
85
-10%
78
-8%
70
-10%
76
+9%
90
+17%
103
+15%
106
+3%
114
+8%
124
+9%
133
+7%
152
+14%
174
+14%
195
+12%
215
+11%
237
+10%
252
+6%
264
+5%
271
+3%
277
+2%
287
+4%
304
+6%
326
+7%
315
-3%
249
-21%
184
-26%
135
-27%
123
-9%
146
+19%
167
+14%
175
+5%
186
+6%
210
+13%
243
+15%
269
+11%
297
+10%
329
+11%
346
+5%
363
+5%
380
+5%
370
-3%
381
+3%
394
+3%
424
+8%
412
-3%
416
+1%
421
+1%
416
-1%
413
-1%
402
-3%
370
-8%
369
0%
177
-52%
311
+76%
311
+0%
347
+12%
331
-5%
339
+2%
345
+2%
357
+4%
353
-1%
383
+9%
406
+6%
413
+2%
405
-2%
396
-2%
377
-5%
400
+6%
372
-7%
333
-11%
327
-2%
336
+3%
351
+4%
420
+20%
457
+9%
488
+7%
544
+11%
578
+6%
607
+5%
640
+5%
646
+1%
668
+3%
693
+4%
737
+6%
727
-1%
711
-2%
708
0%
692
-2%
685
-1%
721
+5%
733
+2%
Pre-Tax Income
Interest Income Expense
(4)
(4)
(4)
(5)
(4)
(5)
(4)
(3)
(2)
(1)
(1)
0
1
1
0
0
(1)
(1)
0
1
3
4
6
6
7
7
7
8
3
(1)
0
(13)
(10)
(7)
(10)
(0)
(1)
(1)
(0)
1
2
2
3
4
(4)
5
2
(2)
(3)
(1)
3
1
(14)
(2)
(10)
(19)
(41)
(29)
(16)
(3)
(39)
(20)
(24)
(29)
(40)
(16)
(27)
(30)
(24)
(15)
(11)
(8)
(39)
(21)
(23)
(22)
(29)
(23)
(30)
(29)
(31)
(34)
(26)
(26)
(38)
(46)
(58)
(56)
(62)
(47)
(36)
(47)
(30)
(28)
(49)
(47)
Non-Reccuring Items
0
(11)
(11)
0
(11)
(2)
(2)
(2)
(2)
0
0
0
(2)
(4)
(4)
(4)
(2)
(2)
(3)
(4)
(4)
(3)
(2)
(1)
0
1
1
1
(19)
(31)
(38)
(45)
(30)
(19)
(9)
(2)
0
1
(3)
(3)
(0)
0
(1)
(4)
(9)
(11)
(10)
(13)
(9)
(8)
(7)
(30)
(30)
(30)
(31)
(156)
(163)
0
(196)
(41)
(34)
(34)
0
52
43
33
21
(33)
(25)
(18)
(3)
5
(3)
(7)
(33)
(46)
(46)
(49)
(31)
(105)
(144)
(132)
(128)
(59)
(15)
(21)
(26)
(25)
(2)
(2)
(25)
(38)
(64)
(62)
(36)
(20)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
(5)
(5)
5
0
0
0
Total Other Income
3
4
3
4
0
3
3
2
3
2
3
3
4
4
3
5
5
5
4
2
2
2
2
3
3
3
3
2
2
2
2
3
4
4
3
3
2
3
3
3
3
2
2
3
3
3
3
4
4
5
5
4
4
6
5
4
4
2
3
4
3
6
6
3
6
3
5
5
5
6
5
9
10
8
5
4
4
7
10
11
12
9
4
6
6
10
17
14
12
12
9
6
(9)
(5)
0
5
Pre-Tax Income
116
N/A
98
-16%
93
-5%
93
0%
88
-5%
90
+3%
82
-9%
76
-8%
69
-8%
77
+12%
92
+19%
107
+16%
108
+1%
114
+6%
124
+9%
135
+8%
154
+14%
176
+14%
196
+11%
215
+10%
238
+11%
255
+7%
271
+6%
279
+3%
287
+3%
297
+3%
314
+6%
337
+7%
300
-11%
219
-27%
148
-32%
80
-46%
87
+9%
124
+43%
151
+22%
175
+16%
187
+7%
213
+14%
243
+14%
270
+11%
301
+12%
334
+11%
350
+5%
365
+4%
370
+1%
367
-1%
376
+2%
383
+2%
416
+9%
408
-2%
417
+2%
397
-5%
376
-5%
386
+3%
366
-5%
199
-45%
170
-15%
150
-11%
102
-32%
271
+166%
277
+3%
282
+2%
320
+14%
371
+16%
366
-1%
373
+2%
383
+3%
348
-9%
369
+6%
377
+2%
387
+2%
383
-1%
369
-4%
352
-5%
282
-20%
263
-7%
264
+0%
285
+8%
370
+30%
335
-9%
325
-3%
388
+19%
430
+11%
529
+23%
593
+12%
589
-1%
602
+2%
626
+4%
687
+10%
690
+0%
654
-5%
624
-5%
594
-5%
589
-1%
636
+8%
670
+5%
Net Income
Tax Provision
(33)
(26)
(23)
(24)
(21)
(22)
(19)
(17)
(15)
(17)
(22)
(28)
(27)
(30)
(31)
(27)
(32)
(39)
(49)
(62)
(63)
(69)
(72)
(74)
(84)
(89)
(91)
(94)
(88)
(64)
(48)
(35)
(38)
(47)
(56)
(61)
(55)
(58)
(65)
(69)
(84)
(100)
(107)
(113)
(112)
(107)
(110)
(117)
(125)
(127)
(131)
(130)
(122)
(120)
(106)
(45)
(42)
(38)
(29)
(77)
(79)
(82)
(90)
(94)
(90)
(89)
(92)
(90)
(81)
(82)
(75)
(71)
(75)
(74)
(63)
(59)
(58)
(61)
(76)
(67)
(48)
(59)
(70)
(91)
(121)
(120)
(124)
(128)
(142)
(143)
(143)
(142)
(128)
(128)
(133)
(145)
Income from Continuing Operations
84
72
70
69
67
69
63
59
55
61
70
79
81
85
93
108
122
137
147
153
175
186
199
205
203
208
223
242
213
155
101
44
49
76
95
115
132
155
178
201
217
234
244
253
257
260
266
266
292
281
286
267
254
266
259
154
127
113
73
194
198
201
231
277
276
283
291
258
287
296
312
312
293
277
219
205
206
225
294
267
277
329
360
437
472
468
478
498
545
547
511
483
466
461
503
525
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
(1)
(1)
(0)
(0)
(2)
(2)
(2)
(2)
(0)
0
0
0
0
0
0
0
0
2
2
2
2
1
1
1
1
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
84
N/A
35
-59%
32
-6%
32
-3%
29
-7%
69
+134%
63
-8%
59
-7%
55
-7%
61
+11%
70
+16%
79
+13%
81
+2%
85
+5%
93
+10%
108
+16%
122
+13%
137
+12%
147
+8%
153
+4%
175
+14%
186
+6%
199
+7%
205
+3%
203
-1%
208
+3%
223
+7%
242
+9%
212
-12%
155
-27%
100
-35%
44
-56%
49
+11%
76
+56%
93
+23%
113
+21%
130
+15%
153
+18%
178
+16%
201
+13%
217
+8%
234
+8%
244
+4%
253
+4%
257
+2%
260
+1%
266
+2%
268
+0%
294
+10%
283
-4%
288
+2%
268
-7%
255
-5%
267
+5%
260
-2%
154
-41%
128
-17%
113
-12%
73
-35%
194
+165%
198
+2%
201
+1%
231
+15%
277
+20%
248
-11%
253
+2%
260
+3%
224
-14%
287
+28%
298
+4%
314
+6%
316
+1%
293
-7%
277
-5%
219
-21%
205
-6%
206
+1%
225
+9%
294
+31%
267
-9%
277
+3%
328
+19%
360
+10%
437
+22%
472
+8%
468
-1%
478
+2%
498
+4%
545
+10%
547
+0%
511
-7%
483
-6%
466
-3%
461
-1%
503
+9%
525
+4%
EPS (Diluted)
0.98
N/A
0.4
-59%
0.37
-8%
0.36
-3%
0.34
-6%
0.81
+138%
0.75
-7%
0.69
-8%
0.66
-4%
0.73
+11%
0.85
+16%
0.96
+13%
0.97
+1%
1.01
+4%
1.1
+9%
1.27
+15%
1.45
+14%
1.61
+11%
1.73
+7%
1.79
+3%
2.03
+13%
2.16
+6%
2.3
+6%
2.36
+3%
2.34
-1%
2.4
+3%
2.57
+7%
2.8
+9%
2.47
-12%
1.83
-26%
1.17
-36%
0.52
-56%
0.57
+10%
0.89
+56%
1.09
+22%
1.32
+21%
1.53
+16%
1.8
+18%
2.1
+17%
2.38
+13%
2.56
+8%
2.78
+9%
2.89
+4%
3
+4%
3.06
+2%
3.1
+1%
3.18
+3%
3.23
+2%
3.54
+10%
3.47
-2%
3.56
+3%
3.36
-6%
3.18
-5%
3.45
+8%
3.43
-1%
2.08
-39%
1.7
-18%
1.6
-6%
1.07
-33%
2.88
+169%
2.91
+1%
3.01
+3%
3.46
+15%
4.16
+20%
3.71
-11%
3.8
+2%
3.93
+3%
3.41
-13%
4.38
+28%
4.65
+6%
4.98
+7%
5.09
+2%
4.68
-8%
4.56
-3%
3.65
-20%
3.41
-7%
3.42
+0%
3.73
+9%
4.88
+31%
4.44
-9%
4.6
+4%
5.53
+20%
6.13
+11%
7.47
+22%
8.04
+8%
8
0%
8.18
+2%
8.56
+5%
9.37
+9%
9.48
+1%
8.9
-6%
8.45
-5%
8.15
-4%
8.15
N/A
8.98
+10%
9.44
+5%

See Also

Summary
LECO intrinsic value, competitors valuation, and company profile.
DCF Valuation
LECO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
LECO stock valuation using valuation multiples.
Wall Street Estimates
LECO price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
LECO stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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