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Lincoln Electric Holdings, Inc.

NASDAQ•LECO
CEO: Mr. Steven B. Hedlund
Sector: Industrials
Industry: Manufacturing - Tools & Accessories
Listing Date: 1994-04-07
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States. In addition, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico; provides specialty welding consumables, wear plates and maintenance and repair services for alloy and wear-resistant products used in mining, steel, agricultural, and industrial mill applications; and designs and manufactures robotic assembly and arc welding systems that automate the tacking and welding of steel beams. Further, the company serves general fabrication, oil and gas, power generation, process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.
Contact Information
22801 St. Clair Avenue, Cleveland, OH, 44117, United States
216-481-8100
www.lincolnelectric.com
Market Cap
$15.41B
P/E (TTM)
29.6
31.4
Dividend Yield
1.1%
52W High
$310.00
52W Low
$161.11
52W Range
80%
Rank27Top 14.4%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.08B+0.00%
4-Quarter Trend

EPS

$2.48+0.00%
4-Quarter Trend

FCF

$52.02M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales Increased 5.6% Net sales reached $4.23B USD in 2025, driven by 6.2% pricing increase, partially offset by 3.7% volume decline.
Operating Income Grew 12.8% Operating income totaled $718.1M USD, margin improved to 17.0% due to effective cost management across segments.
Strong Cash Flow Generation Cash provided by operating activities was $661.2M USD, up $62.2M, supporting capital allocation priorities effectively.
EPS Increased 14.4% Diluted earnings per share reached $9.32 USD, reflecting 11.7% net income growth for the fiscal year.

Risk Factors

Cyclical Industry Demand Risk Operating results sensitive to general economic cycles, high interest rates, inflation, and geopolitical conflicts impacting product demand.
Raw Material Cost Volatility Energy and commodity price volatility, including steel costs, may adversely affect profitability if cost increases cannot be passed on.
International Operations Exposure Significant exposure exists from global operations, including political uncertainty, exchange fluctuations, and evolving foreign regulations.
Asbestos Litigation Contingency Company remains a co-defendant in asbestos illness cases involving approximately 1,126 plaintiffs as of year-end 2025.

Outlook

Capital Spending Planned 2026 Anticipated capital expenditures for 2026 range from $110.0M USD to $130.0M USD for capacity and efficiency improvements.
Continued Global Expansion Focus Strategy includes internal investment, acquisitions for growth, and returning capital via dividends and share repurchases.
Integrating Recent Acquisitions Actively integrating recent acquisitions like Alloy Steel, while managing rationalization charges impacting current period results.
Cybersecurity Remains Critical Cybersecurity risk management is integrated into ERM process; continuous investment in resilience against evolving threats is ongoing.

Peer Comparison

Revenue (TTM)

WCC stock ticker logoWCC
$23.50B
+7.7%
RYAAY stock ticker logoRYAAY
$17.30B
+9.4%
BLDR stock ticker logoBLDR
$15.19B
-7.4%

Gross Margin (Latest Quarter)

NDSN stock ticker logoNDSN
54.7%
+2.2pp
GGG stock ticker logoGGG
51.7%
+0.8pp
IEX stock ticker logoIEX
43.1%
+0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
RYAAY$33.59B12.427.8%9.6%
JBHT$21.98B36.916.3%23.2%
ATI$21.49B52.822.7%38.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.4%
Moderate Growth
4Q Net Income CAGR
4.7%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 23, 2026
|
EPS:$2.44
|
Revenue:$1.08B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data