Lincoln Electric Holdings (LECO) Key Ratios
$272.52
As on 09-Sep-2026 13:34EDT
Market cap
$15,068 Mln
Revenue (TTM)
$4,478 Mln
P/E Ratio
27.4
P/B Ratio
9.6
Div. Yield
1.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 8.76 | 12.07 | 9.25 | 4.13 | 8.74 |
| EBIT | 22.02 | 14.77 | 8.53 | 7.45 | 15.31 |
| Net Profit | 16.23 | 10.55 | 10.08 | 5.88 | 14.81 |
| EPS | 16.69 | 12.28 | 12.50 | 6.96 | 15.43 |
| Book Value | -- | -- | 13.53 | 14.46 | 15.17 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 17.32 | 17.41 | 17.53 | 17.41 | 17.77 |
| Net Margin
| -- | 10.69 | 12.36 | -- | -- |
| Return on equity
| 39.71 | 40.47 | 36.61 | 37.22 | 35.36 |
| Return on Capital
| 20.15 | 20.27 | -- | 19.26 | 18.23 |
| Return on Assets
| 14.80 | 14.41 | 11.71 | 14.27 | 13.52 |
| Debt to Equity (x)
| -- | -- | 0.74 | 0.88 | 0.99 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
19.26
|
18.23
|
22.94
|
23.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
36.61
Higher than Peers by 22.58
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
36.61
|
37.22
|
35.36
|
46.54
|
49.75
|
|
Peer Median
|
14.03
|
--
|
--
|
--
|
--
|
ROA
11.71
Higher than Peers by 5.78
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
11.71
|
14.27
|
13.52
|
16.63
|
16.36
|
|
Peer Median
|
5.93
|
--
|
--
|
--
|
--
|
EBIT Margin
17.53
Higher than Peers by 2.83
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
17.53
|
17.41
|
17.77
|
16.77
|
16.75
|
|
Peer Median
|
14.70
|
--
|
--
|
--
|
--
|
Net Margin
12.36
Higher than Peers by 2.26
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
12.36
|
12.30
|
11.63
|
13.01
|
12.52
|
|
Peer Median
|
10.10
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.25
Higher than Peers by 4.34
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
9.25
|
0.06
|
-0.04
|
0.11
|
0.16
|
|
Peer Median
|
4.91
|
--
|
--
|
--
|
--
|
EBIT Growth
8.53
Higher than Peers by 2.95
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
8.53
|
3.41
|
1.35
|
11.55
|
6.05
|
|
Peer Median
|
5.58
|
--
|
--
|
--
|
--
|
Net Profit Growth
10.08
Lower than Peers by 0.68
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
10.08
|
11.68
|
-14.51
|
15.46
|
70.74
|
|
Peer Median
|
10.75
|
--
|
--
|
--
|
--
|
EPS Growth
12.50
Lower than Peers by 1.23
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
12.50
|
0.15
|
-0.13
|
0.17
|
0.74
|
|
Peer Median
|
13.73
|
--
|
--
|
--
|
--
|
Book Value Growth
14.42
Higher than Peers by 4.34
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
14.42
|
--
|
--
|
--
|
--
|
|
Peer Median
|
10.08
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.74
Higher than Peers by 0.31
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
0.74
|
0.88
|
0.99
|
0.89
|
1.21
|
|
Peer Median
|
0.43
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
0.10
|
0.09
|
0.01
|
0.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.98
Lower than Peers by 0.57
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
1.98
|
1.82
|
1.87
|
2.24
|
1.83
|
|
Peer Median
|
2.55
|
--
|
--
|
--
|
--
|
Quick Ratio
1.20
Lower than Peers by 0.38
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
1.20
|
1.16
|
1.25
|
1.50
|
1.05
|
|
Peer Median
|
1.59
|
--
|
--
|
--
|
--
|
Interest Coverage
13.48
Higher than Peers by 2.14
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
13.48
|
12.05
|
16.65
|
15.84
|
21.36
|
|
Peer Median
|
11.34
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
13.09
Lower than Peers by 3.71
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
13.09
|
12.74
|
12.02
|
13.85
|
15.33
|
|
Peer Median
|
16.80
|
--
|
--
|
--
|
--
|
Asset Turnover
0.95
Higher than Peers by 0.33
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
0.95
|
1.16
|
1.16
|
1.28
|
1.30
|
|
Peer Median
|
0.62
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
44.06
|
48.41
|
50.43
|
50.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
79.78
|
79.88
|
82.66
|
88.75
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
44.83
|
44.89
|
45.59
|
50.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
--
|
79.02
|
83.40
|
87.49
|
88.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
27.40
Lower than Peers by 4.36
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
27.40
|
25.51
|
22.85
|
23.10
|
17.89
|
|
Peer Median
|
31.76
|
--
|
--
|
--
|
--
|
Price / Book Value
9.56
Higher than Peers by 5.70
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
9.56
|
9.03
|
8.02
|
9.62
|
8.17
|
|
Peer Median
|
3.86
|
--
|
--
|
--
|
--
|
Dividend Yield
1.14
Higher than Peers by 0.43
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
1.14
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.71
|
--
|
--
|
--
|
--
|
EV/EBITDA
18.03
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
18.03
|
17.08
|
14.48
|
16.92
|
13.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
15,068
Higher than Peers by 14,096
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Lincoln Electric Holdings (LECO)
|
15,068
|
--
|
--
|
--
|
--
|
|
Peer Median
|
971
|
--
|
--
|
--
|
--
|