Lincoln Electric (LECO)

Nasdaq Industrials Industrial Machinery & Supplies & Components S&P MidCap 400

$275.35

+3.22 (+1.18%)

Close of Nov 06, 2026 · end-of-day data

Source: Lincoln Electric's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.27B	$2.62B	$3.03B	$3.00B	$2.66B	$3.23B	$3.76B	$4.19B	$4.01B	$4.23B
Cost of revenue	$1.49B	$1.75B	$2.00B	$2.00B	$1.78B	$2.17B	$2.48B	$2.73B	$2.54B	$2.70B
Gross profit	$786.56M	$875.11M	$1.03B	$1.01B	$871.34M	$1.07B	$1.28B	$1.47B	$1.47B	$1.53B
Research & development	$44.72M	$47.90M	$54.17M	$56.84M	$51.41M	$55.97M	$63.21M	$71.23M	$81.82M	$85.55M
Selling, general & admin	$468.60M	$541.23M	$627.70M	$621.49M	$543.80M	$597.11M	$656.64M	$758.91M	$780.59M	$797.99M
Operating income	$283.61M	$376.94M	$375.54M	$370.91M	$282.07M	$461.67M	$612.34M	$717.85M	$636.46M	$718.06M
Interest expense	$19.08M	$24.22M	$24.50M	$25.94M	$23.96M	$23.78M	$31.11M	$51.13M	$52.92M	$58.38M
Pre-tax income	$277.39M	$366.24M	$368.66M	$368.49M	$264.04M	$325.00M	$592.83M	$686.87M	$594.15M	$675.45M
Income tax	$79.02M	$118.76M	$81.67M	$75.41M	$57.90M	$48.42M	$120.60M	$141.62M	$128.04M	$154.92M
Net income	$198.40M	$247.50M	$287.07M	$293.11M	$206.12M	$276.58M	$472.22M	$545.25M	$466.11M	$520.53M
EBITDA	$348.69M	$445.06M	$447.88M	$452.40M	$362.56M	$542.82M	$690.39M	$804.52M	$724.70M	$816.61M
EPS (basic)	$2.94	$3.76	$4.42	$4.73	$3.46	$4.66	$8.14	$9.50	$8.23	$9.39
EPS (diluted)	$2.91	$3.71	$4.37	$4.68	$3.42	$4.60	$8.04	$9.37	$8.15	$9.32
Diluted shares	68.16M	66.64M	65.68M	62.66M	60.25M	60.06M	58.75M	58.22M	57.19M	55.88M
Gross margin	34.6%	33.3%	34.0%	33.5%	32.8%	33.0%	34.1%	35.0%	36.7%	36.2%
Operating margin	12.5%	14.4%	12.4%	12.4%	10.6%	14.3%	16.3%	17.1%	15.9%	17.0%
Net margin	8.7%	9.4%	9.5%	9.8%	7.8%	8.6%	12.6%	13.0%	11.6%	12.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$379.18M	$326.70M	$358.85M	$199.56M	$257.28M	$192.96M	$197.15M	$393.79M	$377.26M	$308.79M
Receivables	$273.99M	$395.28M	$396.88M	$374.65M	$373.49M	$429.07M	$541.53M	$538.83M	$481.98M	$538.79M
Inventory	$255.41M	$348.67M	$361.83M	$393.75M	$381.26M	$539.92M	$665.45M	$562.86M	$544.04M	$633.36M
Total current assets	$1.04B	$1.37B	$1.24B	$1.08B	$1.11B	$1.29B	$1.56B	$1.69B	$1.65B	$1.74B
Goodwill	$231.92M	$234.58M	$281.29M	$337.11M	$335.59M	$430.16M	$665.26M	$694.45M	$804.93M	$886.69M
Total assets	$1.94B	$2.41B	$2.35B	$2.37B	$2.31B	$2.59B	$3.18B	$3.38B	$3.52B	$3.78B
Total current liabilities	$388.11M	$528.74M	$538.18M	$563.13M	$549.45M	$755.90M	$852.90M	$754.61M	$878.80M	$956.69M
Short-term debt	$1.89M	$2.13M	$111.00K	$34.97M	$2.73M	$52.73M	$93.48M	$2.44M	$110.52M	$143.78M
Long-term debt	$703.70M	$704.14M	$702.55M	$712.30M	$715.46M	$717.09M	$1.11B	$1.10B	$1.15B	$1.15B
Total debt	$705.59M	$706.27M	$702.66M	$747.27M	$718.19M	$769.82M	$1.20B	$1.11B	$1.26B	$1.29B
Total liabilities	$1.23B	$1.47B	$1.46B	$1.55B	$1.52B	$1.73B	$2.15B	$2.07B	$2.19B	$2.31B
Shareholders' equity	$711.48M	$931.64M	$886.94M	$818.17M	$790.25M	$863.91M	$1.03B	$1.31B	$1.33B	$1.47B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$312.56M	$334.85M	$329.15M	$403.19M	$351.36M	$365.06M	$383.39M	$667.54M	$598.98M	$661.17M
Capital expenditures	$49.88M	$61.66M	$71.25M	$69.61M	$59.20M	$62.53M	$71.88M	$90.99M	$116.60M	$126.97M
Free cash flow	$262.68M	$273.19M	$257.91M	$333.57M	$292.16M	$302.53M	$311.50M	$576.55M	$482.37M	$534.20M
Investing cash flow	-$159.95M	-$272.03M	$20.84M	-$192.82M	-$49.21M	-$205.36M	-$504.69M	-$74.73M	-$361.23M	-$257.33M
Financing cash flow	-$72.01M	-$135.04M	-$302.13M	-$371.94M	-$246.14M	-$221.94M	$133.72M	-$412.39M	-$244.64M	-$461.89M
Dividends paid	$87.33M	$92.45M	$102.06M	$117.92M	$118.12M	$121.85M	$130.72M	$148.01M	$162.14M	$168.24M
Share buybacks	$342.00M	$43.16M	$201.65M	$292.69M	$113.45M	$164.53M	$181.29M	$198.76M	$263.75M	$338.31M
Stock-based compensation	$10.33M	$12.70M	$18.55M	$16.62M	$15.39M	$23.79M	$25.27M	$26.23M	$24.05M	$20.35M
Depreciation & amortization	$65.07M	$68.11M	$72.35M	$81.49M	$80.49M	$81.15M	$78.06M	$86.67M	$88.24M	$98.55M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$1.06B	$981.20M	$1.02B	$983.76M	$1.02B	$1.00B	$1.09B	$1.06B	$1.08B	$1.12B	$1.22B	$1.22B
Cost of revenue	$687.48M	$612.80M	$637.87M	$631.68M	$653.41M	$638.94M	$683.13M	$671.92M	$704.77M	$722.30M	$770.67M	$796.25M
Gross profit	$371.03M	$368.40M	$383.81M	$352.08M	$368.62M	$365.45M	$405.55M	$389.31M	$373.95M	$399.13M	$449.00M	$425.03M
Selling, general & admin	$188.93M	$198.75M	$208.49M	$186.29M	$187.07M	$196.66M	$210.86M	$206.82M	$183.65M	$210.81M	$224.87M	$205.80M
Operating income	$204.03M	$165.05M	$148.84M	$145.56M	$177.02M	$164.92M	$192.14M	$176.66M	$184.34M	$186.16M	$220.64M	$211.38M
Interest expense	$11.90M	$12.00M	$12.63M	$14.08M	$14.20M	$14.38M	$14.28M	$15.15M	$14.57M	$14.76M	$14.32M	$12.63M
Pre-tax income	$197.03M	$158.53M	$136.62M	$131.94M	$167.05M	$153.24M	$183.56M	$166.00M	$172.66M	$173.35M	$207.88M	$200.03M
Income tax	$40.39M	$35.12M	$34.92M	$31.19M	$26.82M	$34.75M	$40.16M	$43.37M	$36.64M	$36.97M	$49.36M	$55.69M
Net income	$156.64M	$123.42M	$101.71M	$100.76M	$140.23M	$118.49M	$143.40M	$122.63M	$136.02M	$136.38M	$158.52M	$144.35M
EBITDA	$226.00M	$186.63M	$169.70M	$168.21M	$200.16M	$188.70M	$216.61M	$201.40M	$209.90M	$212.17M	$246.61M	$237.81M
EPS (basic)	$2.74	$2.17	$1.79	$1.78	$2.49	$2.11	$2.58	$2.23	$2.47	$2.49	$2.90	$2.65
EPS (diluted)	$2.70	$2.14	$1.77	$1.77	$2.47	$2.10	$2.56	$2.21	$2.46	$2.47	$2.88	$2.63
Diluted shares	-56.00K	57.64M	57.37M	57.07M	-155.00K	56.53M	55.97M	55.57M	-145.00K	55.32M	55.10M	54.87M
Gross margin	35.1%	37.5%	37.6%	35.8%	36.1%	36.4%	37.3%	36.7%	34.7%	35.6%	36.8%	34.8%
Operating margin	19.3%	16.8%	14.6%	14.8%	17.3%	16.4%	17.6%	16.6%	17.1%	16.6%	18.1%	17.3%
Net margin	14.8%	12.6%	10.0%	10.2%	13.7%	11.8%	13.2%	11.6%	12.6%	12.2%	13.0%	11.8%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$393.79M	$374.98M	$272.67M	$404.22M	$377.26M	$394.70M	$299.48M	$293.00M	$308.79M	$298.90M	$242.44M	$283.24M
Receivables	$538.83M	$544.51M	$549.24M	$517.03M	$481.98M	$522.72M	$554.28M	$501.54M	$538.79M	$598.32M	$586.35M	$603.31M
Inventory	$562.86M	$567.28M	$582.73M	$612.41M	$544.04M	$574.33M	$621.44M	$671.51M	$633.36M	$693.94M	$690.54M	$699.38M
Total current assets	$1.69B	$1.68B	$1.61B	$1.76B	$1.65B	$1.73B	$1.73B	$1.78B	$1.74B	$1.86B	$1.76B	$1.83B
Goodwill	$694.45M	$689.87M	$791.99M	$818.83M	$804.93M	$813.70M	$829.48M	$887.88M	$886.69M	$886.37M	$885.23M	$885.97M
Total assets	$3.38B	$3.38B	$3.42B	$3.66B	$3.52B	$3.63B	$3.73B	$3.82B	$3.78B	$3.90B	$3.81B	$3.89B
Total current liabilities	$754.61M	$748.87M	$783.57M	$951.34M	$878.80M	$969.85M	$1.03B	$1.04B	$956.69M	$1.02B	$888.08M	$955.71M
Short-term debt	$2.44M	—	—	—	$110.52M	$109.62M	$105.32M	$88.20M	$143.78M	$163.50M	—	$0
Long-term debt	$1.10B	$1.10B	$1.10B	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B
Total debt	$1.11B	$1.10B	$1.10B	$1.15B	$1.26B	$1.26B	$1.26B	$1.24B	$1.29B	$1.31B	$1.15B	$1.15B
Total liabilities	$2.07B	$2.07B	$2.10B	$2.33B	$2.19B	$2.28B	$2.35B	$2.40B	$2.31B	$2.39B	$2.26B	$2.34B
Shareholders' equity	$1.31B	$1.31B	$1.31B	$1.34B	$1.33B	$1.34B	$1.38B	$1.41B	$1.47B	$1.51B	$1.55B	$1.55B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$121.66M	$133.29M	$170.69M	$199.20M	$95.80M	$185.69M	$143.83M	$236.69M	$94.97M	$102.17M	$253.76M	$215.76M
Capital expenditures	$24.53M	$26.26M	$23.14M	$35.72M	$31.49M	$26.95M	$25.44M	$31.64M	$42.95M	$39.16M	$31.44M	$41.22M
Free cash flow	$97.13M	$107.04M	$147.55M	$163.48M	$64.31M	$158.74M	$118.39M	$205.05M	$52.02M	$63.01M	$222.33M	$174.54M
Investing cash flow	$26.38M	-$25.94M	-$174.81M	-$134.61M	-$25.87M	-$22.30M	-$57.17M	-$134.81M	-$43.05M	-$38.72M	-$30.49M	-$36.62M
Financing cash flow	-$101.01M	-$125.40M	-$93.05M	$66.15M	-$92.34M	-$144.49M	-$173.22M	-$107.69M	-$36.49M	-$72.57M	-$283.02M	-$140.32M
Dividends paid	$36.73M	$41.28M	$40.42M	$40.28M	$40.16M	$42.98M	$41.93M	$41.57M	$41.76M	$44.07M	$43.40M	$43.22M
Share buybacks	$68.18M	$110.41M	$50.41M	$50.39M	$52.54M	$106.69M	$127.13M	$52.66M	$51.82M	$56.67M	$76.12M	$99.40M
Stock-based compensation	$4.11M	$14.19M	$4.19M	$1.12M	$4.55M	$8.35M	$3.92M	$3.63M	$4.44M	$9.58M	$4.88M	$5.27M
Depreciation & amortization	$21.97M	$21.59M	$20.86M	$22.64M	$23.14M	$23.78M	$24.46M	$24.74M	$25.56M	$26.01M	$25.97M	$26.43M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.