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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$4.2B
$521M
36.2%
17.0%
35.4%
13.8%
$534M
$1.3B
$309M
2024
$4.0B
$466M
36.7%
15.9%
35.1%
13.2%
$482M
$1.3B
$377M
2023
$4.2B
$545M
35.0%
17.1%
41.7%
16.1%
$577M
$1.1B
$394M
2022
$3.8B
$472M
34.1%
16.3%
45.7%
14.8%
$312M
$1.2B
$197M
2021
$3.2B
$277M
33.0%
14.3%
32.0%
10.7%
$303M
$770M
$193M
2020
$2.7B
$206M
32.8%
10.6%
26.1%
8.9%
$292M
$718M
$257M
2019
$3.0B
$293M
33.5%
12.4%
35.8%
12.4%
$334M
$747M
$200M
2018
—
$287M
—
—
32.4%
12.2%
$258M
—
$359M
2010
—
$130M
—
—
11.5%
7.3%
$96M
$86M
$366M
2009
—
$49M
—
—
4.5%
2.8%
$212M
—
$388M
2008
—
$212M
—
—
—
—
$185M
—
$284M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.2B
$144M
34.8%
17.3%
9.3%
3.7%
$175M
$1.1B
$283M
Jun '26
$1.2B
$159M
36.8%
18.1%
10.2%
4.2%
$222M
$1.2B
$242M
Mar '26
$1.1B
$136M
35.6%
16.6%
9.0%
3.5%
$63M
$1.3B
$299M
Dec '25
$1.1B
$136M
34.7%
17.1%
9.3%
3.6%
$52M
$1.3B
$309M
Sep '25
$1.1B
$123M
36.7%
16.6%
8.7%
3.2%
$205M
$1.2B
$293M
Jun '25
$1.1B
$143M
37.3%
17.6%
10.4%
3.8%
$118M
$1.3B
$299M
Mar '25
$1.0B
$118M
36.4%
16.4%
8.8%
3.3%
$159M
$1.3B
$395M
Dec '24
$1.0B
$140M
36.1%
17.3%
10.6%
4.0%
$64M
$1.3B
$377M
Sep '24
$984M
$101M
35.8%
14.8%
7.5%
2.7%
$163M
$1.2B
$404M
Jun '24
$1.0B
$102M
37.6%
14.6%
7.7%
3.0%
$148M
$1.1B
$273M
Mar '24
$981M
$123M
37.5%
16.8%
9.4%
3.7%
$107M
$1.1B
$375M
Dec '23
$1.1B
$157M
35.1%
19.3%
12.0%
4.6%
$97M
$1.1B
$394M
Sep '23
$1.0B
$129M
35.4%
16.6%
10.6%
3.9%
$197M
$1.1B
$343M
Jun '23
$1.1B
$137M
35.2%
16.8%
11.4%
4.1%
$177M
$1.1B
$220M
Mar '23
$1.0B
$122M
34.2%
15.8%
10.8%
3.7%
$105M
$1.1B
$199M
Dec '22
$931M
$109M
33.1%
15.2%
10.6%
3.4%
$92M
$1.2B
$197M
Sep '22
$935M
$109M
33.1%
15.2%
11.8%
4.1%
$113M
$711M
$141M
Jun '22
$970M
$128M
34.4%
17.3%
14.0%
4.7%
$82M
$713M
$153M
Mar '22
$925M
$126M
35.6%
17.4%
14.6%
4.6%
$24M
$715M
$154M
Dec '21
$844M
$74M
32.3%
14.3%
8.6%
2.9%
$94M
$770M
$193M
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 19.4× (Mar '23) to 29.6× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 3.6× (Nov '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.1% (Nov '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?
Lincoln Electric Holdings Inc's P/E (TTM) is 26.79 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LECO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.