analyzeportfolio
Nasdaq · Industrials

LINCOLN ELECTRIC HOLDINGS INC (LECO)

As-reported financials and SEC filings for LINCOLN ELECTRIC HOLDINGS INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About LINCOLN ELECTRIC HOLDINGS INC

Lincoln Electric Holdings Inc manufactures and sells industrial machinery and technology focused on welding, cutting, brazing, machining, automation, and repair. Its products include arc welding equipment, consumables, cutting systems, automation solutions, and related services such as additive manufacturing and training. The company serves customers in various industries including fabrication, energy, heavy industries, automotive, and construction across domestic and international markets.

Snapshot

Revenue
$4.23B
Revenue growth (YoY)
5.6%
Net income
$520.5M
Diluted EPS
$9.32
Gross margin
36.2%
Operating margin
17.0%
Net margin
12.3%
FCF margin
12.6%
ROE
35.4%
net income / fiscal-year-end equity
P/E
28.9×
trailing when available, otherwise FY EPS
Market cap
$15.79B
Long-term debt / equity
0.78×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Lincoln Electric Holdings

  • Revenue grew 5.6% to $4.2B in FY2025, after a 4.4% decline the year before.
  • Operating margin is 17.0% in FY2025, +2.7 pp against 14.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.2B, up 12.0% from Q2 FY2025.
  • Free cash flow was $534M in FY2025, 12.6% of revenue.
  • Net income rose 11.7% to $521M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Lincoln Electric Holdings’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin36.2%
66th percentile of 466
Operating margin17.0%
82nd percentile of 605
Net margin12.3%
81st percentile of 645
FCF margin12.6%
77th percentile of 562
Revenue growth (YoY)+5.6%
54th percentile of 668
ROE35.4%
94th percentile of 600
P/E28.9×
60th percentile of 434
Long-term debt / equity0.78×
68th percentile of 409
Short interest3.14d
48th percentile of 676

Lincoln Electric Holdings’s return on equity of 35.4% ranks in the 94th percentile of the 600 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $232,214. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
6
6 trimmed, 0 exited
Combined position
$448.1M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$244.4M922.2KReduced
Citadel AdvisorsquantQ2 2026$93.2M351.2KAdded
Gotham Asset ManagementQ2 2026$40.7M153.2KAdded
Point72 Asset ManagementquantQ2 2026$35.8M134.9KReduced
Renaissance TechnologiesquantQ2 2026$13.6M51.3KReduced
Millennium ManagementquantQ2 2026$8.1M30.4KReduced
D. E. ShawquantQ2 2026$6.4M24.1KAdded
Two Sigma InvestmentsquantQ2 2026$3.4M12.6KAdded
Bridgewater AssociatesQ2 2026$1.4M5.4KReduced
ARK Investment ManagementQ2 2026$1.1M4.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$232K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-16
filed 2026-06-18
Whitehead Michael JEVP, PRESIDENT, AMERICAS WELDSell845$274.81$232K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.2M
settled 2026-08-14
Change vs prior
+4.3%
vs previous settlement
Days to cover
3.14
at avg daily volume
Avg daily volume
387.9K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.2M+4.3%3.14
2026-07-311.2M-11.6%2.54
2026-07-151.3M-15.7%4.70
2026-06-301.6M+25.9%3.32
2026-06-151.2M-4.0%3.70
2026-05-291.3M+17.9%4.40
2026-05-151.1M+32.5%3.54
2026-04-30828.8K+11.4%2.03

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.23B$4.01B$4.19B$3.76B$3.23B
Gross profit$1.53B$1.47B$1.47B$1.28B$1.07B
Operating income$718.1M$636.5M$717.8M$612.3M$461.7M
Net income$520.5M$466.1M$545.2M$472.2M$276.6M
Diluted EPS$9.32$8.15$9.37$8.04$4.60

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$661.2M$599.0M$667.5M$383.4M$365.1M
Capital expenditure$127.0M$116.6M$91.0M$71.9M$62.5M
Free cash flow$534.2M$482.4M$576.6M$311.5M$302.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.22B12.0%$158.5M$2.88
Q1 FY2026$1.12B11.7%$136.4M$2.47
Q4 FY2025$1.08B5.5%$136.0M$2.45
Q3 FY2025$1.06B7.9%$122.6M$2.21
Q2 FY2025$1.09B6.6%$143.4M$2.56
Q1 FY2025$1.00B2.4%$118.5M$2.10
Q4 FY2024$1.02B-3.4%$140.2M$2.47
Q3 FY2024$983.8M-4.8%$100.8M$1.77

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryMetalworkg Machinery & Equipment
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2013
SEC CIK59527

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-04-30
View on EDGAR →
8-K2026-04-21
View on EDGAR →

Largest Industrials peers

All Industrials companies →

Monitor LECO

Get an alert when Lincoln Electric Holdings files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor LECO free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.