11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.8% per year over the past 5 years.
Net income has grown faster than revenue (20.4% vs 9.8% per year).
Operating margin has expanded, at 17.0% in the latest year.
Free cash flow has grown 12.8% per year over the past 5 years.
Financial health
Total debt ($1.3B) exceeds cash ($309M); net debt is $985M.
Total debt has grown in line with revenue (12.5% vs 9.8% per year).
Operating income covered interest expense 12× in the latest year.
Total debt is 1.6× EBITDA.
Shareholder returns
Dividends have been paid for 11 consecutive years, consuming 32.3% of earnings and 31.5% of free cash flow.
The dividend has grown 7.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.2B
$521M
36.2%
17.0%
$534M
$1.3B
$309M
2024
$4.0B
$466M
36.7%
15.9%
$482M
$1.3B
$377M
2023
$4.2B
$545M
35.0%
17.1%
$577M
$1.1B
$394M
2022
$3.8B
$472M
34.1%
16.3%
$312M
$1.2B
$197M
2021
$3.2B
$277M
33.0%
14.3%
$303M
$770M
$193M
2020
$2.7B
$206M
32.8%
10.6%
$292M
$718M
$257M
2019
$3.0B
$293M
33.5%
12.4%
$334M
$747M
$200M
2018
—
$287M
—
—
$258M
—
$359M
2010
—
$130M
—
—
$96M
$86M
$366M
2009
—
$49M
—
—
$212M
—
$388M
2008
—
$212M
—
—
$185M
—
$284M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.1B
$136M
35.6%
16.6%
$63M
$1.3B
$299M
Dec '25
$1.1B
$136M
34.7%
17.1%
$52M
$1.3B
$309M
Sep '25
$1.1B
$123M
36.7%
16.6%
$205M
$1.2B
$293M
Jun '25
$1.1B
$143M
37.3%
17.6%
$118M
$1.3B
$299M
Mar '25
$1.0B
$118M
36.4%
16.4%
$159M
$1.3B
$395M
Dec '24
$1.0B
$140M
36.1%
17.3%
$64M
$1.3B
$377M
Sep '24
$984M
$101M
35.8%
14.8%
$163M
$1.2B
$404M
Jun '24
$1.0B
$102M
37.6%
14.6%
$148M
$1.1B
$273M
Mar '24
$981M
$123M
37.5%
16.8%
$107M
$1.1B
$375M
Dec '23
$1.1B
$157M
35.1%
19.3%
$97M
$1.1B
$394M
Sep '23
$1.0B
$129M
35.4%
16.6%
$197M
$1.1B
$343M
Jun '23
$1.1B
$137M
35.2%
16.8%
$177M
$1.1B
$220M
Mar '23
$1.0B
$122M
34.2%
15.8%
$105M
$1.1B
$199M
Dec '22
$931M
$109M
33.1%
15.2%
$92M
$1.2B
$197M
Sep '22
$935M
$109M
33.1%
15.2%
$113M
$711M
$141M
Jun '22
$970M
$128M
34.4%
17.3%
$82M
$713M
$153M
Mar '22
$925M
$126M
35.6%
17.4%
$24M
$715M
$154M
Dec '21
$844M
$74M
32.3%
14.3%
$94M
$770M
$193M
Sep '21
$806M
$32M
33.3%
14.3%
$91M
$718M
$161M
Jun '21
$826M
$96M
33.2%
14.7%
$82M
$718M
$191M
Valuation over time
How the market has priced LECO against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 19.6× (Mar '23) to 28.8× (Jun '26).
The price-to-sales ratio has risen from 2.5× (Mar '23) to 3.5× (Jun '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is LECO growing its revenue and profit?
Over the past 5 years, Lincoln Electric Holdings Inc's revenue has grown 9.8% per year, and net income grown 20.4% per year. These are computed facts, not advice.
How much debt does LECO have?
As of FY2025, Lincoln Electric Holdings Inc reported $1.3B of total debt against $309M of cash; operating income covered interest expense 12×.
What is LECO's profit margin?
In FY2025, gross margin was 36.2%, operating margin 17.0%, and net margin 12.3%.
What is LECO's P/E ratio?
As of Jun '26, Lincoln Electric Holdings Inc traded at a price-to-earnings ratio of about 28.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.