LECO
$274.38+1.85%
as of close, Oct 2, 2026
☾ AH $274.38 +1.85%
Lincoln Electric Holdings Inc.Stock · IndustrialsNasdaq Composite 0.03%Russell 3000 0.02%Russell 1000 0.02%US Stock Market 0.02%
LECO financial statements
The full income statement, balance sheet, and cash-flow statement for Lincoln Electric Holdings Inc. (LECO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 56.7M2024-09 56.4M2024-12 56.1M2025-03 55.8M2025-06 55.2M2025-09 55.0M2025-12 54.8M2026-03 54.8M2026-06 54.5M-3.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.23B+5.6% | 4.01B-4.4% | 4.19B+11.4% | 3.76B+16.3% | 3.23B+21.8% | |
| 1.53B+4.2% | 1.47B+0.5% | 1.47B+14.4% | 1.28B+19.9% | 1.07B+22.6% | ||
| Cost of revenue | 2.70B+6.4% | 2.54B-7.0% | 2.73B+9.9% | 2.48B+14.5% | 2.17B+21.4% | |
| Research & development | 85.5M+4.6% | 81.8M+14.9% | 71.2M+12.7% | 63.2M+12.9% | 56.0M+8.9% | |
| Selling, general & administrative | 798M+2.2% | 781M+2.9% | 759M+15.6% | 657M+10.0% | 597M+9.8% | |
| Restructuring | 17.1M-51.2% | 35.0M+74.0% | 20.1M+444.8% | 3.69M-66.1% | 10.9M-54.0% | |
| Amortization of intangibles | 29.7M+9.8% | 27.1M+4.2% | 26.0M+18.6% | 21.9M+3.6% | 21.2M+3.9% | |
| Operating income | 718M+12.8% | 636M-11.3% | 718M+17.2% | 612M+32.6% | 462M+63.7% | |
| Interest expense | 58.4M+10.3% | 52.9M+3.5% | 51.1M+64.4% | 31.1M+30.8% | 23.8M-0.7% | |
| Interest & investment income | 6.82M-32.7% | 10.1M+49.8% | 6.76M+320.8% | 1.61M+2.6% | 1.57M-21.1% | |
| Other non-operating income | 9.40M+58.5% | 5.93M-61.5% | 15.4M+133.8% | 6.59M-26.5% | 8.96M+75.5% | |
| Equity-method income | 1.95M+728.9% | 235K-57.7% | 556K+463.4% | -153K-130.7% | 499K+22.3% | |
| Pre-tax income | 675M+13.7% | 594M-13.5% | 687M+15.9% | 593M+82.4% | 325M+23.1% | |
| Income tax | 155M+21.0% | 128M-9.6% | 142M+17.4% | 121M+149.1% | 48.4M-16.4% | |
| 521M+11.7% | 466M-14.5% | 545M+15.5% | 472M+70.7% | 277M+34.2% | ||
| Net income to non-controlling interest | — | — | — | 0.00-100.0% | 114K+293.1% | |
| $9.32+14.4% | $8.15-13.0% | $9.37+16.5% | $8.04+74.8% | $4.60+34.5% | ||
| EPS (basic) | $9.39+14.1% | $8.23-13.4% | $9.50+16.7% | $8.14+74.7% | $4.66+34.7% | |
| Weighted-avg shares (basic) | 55.4M-2.2% | 56.6M-1.3% | 57.4M-1.1% | 58.0M-2.2% | 59.3M-0.5% | |
| Weighted-avg shares (diluted) | 55.9M-2.3% | 57.2M-1.8% | 58.2M-0.9% | 58.7M-2.2% | 60.1M-0.3% | |
| Dividends per share | $3.04+5.6% | $2.88+9.5% | $2.63+13.4% | $2.32+11.0% | $2.09+5.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.74B+5.7% | 1.65B-2.8% | 1.69B+8.7% | 1.56B+20.8% | 1.29B+15.9% | ||
| Cash & equivalents | 309M-18.1% | 377M-4.2% | 394M+99.7% | 197M+2.2% | 193M-25.0% | |
| Accounts receivable | 539M+11.8% | 482M-10.6% | 539M-0.5% | 542M+26.2% | 429M+14.9% | |
| Inventory | 633M+16.4% | 544M-3.3% | 563M-15.4% | 665M+23.3% | 540M+41.6% | |
| Prepaid expenses | — | — | — | — | 20.6M+5.3% | |
| Other current assets | 259M+6.8% | 242M+22.5% | 198M+28.6% | 154M+20.4% | 128M+27.2% | |
| 3.78B+7.3% | 3.52B+4.2% | 3.38B+6.2% | 3.18B+22.7% | 2.59B+12.0% | ||
| Property, plant & equipment | 703M+13.5% | 619M+7.6% | 575M+5.6% | 545M+6.5% | 512M-2.0% | |
| Operating lease right-of-use | 53.0M-2.4% | 54.3M+1.9% | 53.3M+18.9% | 44.8M-6.6% | 48.0M+10.1% | |
| Goodwill | 887M+10.2% | 805M+15.9% | 694M+4.4% | 665M+54.7% | 430M+28.2% | |
| Intangible assets | 250M+13.3% | 221M+18.4% | 187M-7.9% | 203M+35.7% | 149M+11.1% | |
| Deferred tax assets | 47.1M-39.3% | 77.6M+71.8% | 45.2M+98.0% | 22.8M+24.5% | 18.3M+8.0% | |
| Other non-current assets | 449M+194.9% | 152M-16.7% | 183M-2.4% | 187M-3.1% | 193M+0.0% | |
| 957M+8.9% | 879M+16.5% | 755M-11.5% | 853M+12.8% | 756M+37.6% | ||
| Accounts payable | 365M+23.0% | 297M-8.9% | 325M-7.6% | 352M+6.6% | 330M+28.7% | |
| Short-term & current debt | 0.00-100.0% | 100M+2400.1% | 4.00M-63.8% | 11.0M+1341.1% | 766K+590.1% | |
| Current lease liability | 13.5M+2.7% | 13.1M+0.0% | 13.1M+26.3% | 10.4M+1.6% | 10.2M-11.2% | |
| Other current liabilities | 332M+2.0% | 325M+18.7% | 274M+4.9% | 261M+12.8% | 231M+43.5% | |
| 2.31B+5.2% | 2.19B+6.0% | 2.07B-3.6% | 2.15B+24.2% | 1.73B+13.4% | ||
| Long-term debt | 1.15B-0.0% | 1.15B+4.3% | 1.10B-0.7% | 1.11B+54.8% | 717M+0.2% | |
| Non-current lease liability | 40.1M-4.9% | 42.1M+1.3% | 41.6M+15.7% | 35.9M-7.7% | 39.0M+14.6% | |
| Operating lease liability (total) | 53.5M-3.1% | 55.2M+1.0% | 54.7M+18.0% | 46.3M-5.8% | 49.2M+8.1% | |
| Deferred tax liabilities | 52.1M+397.9% | 10.5M-20.4% | 13.1M-22.8% | 17.0M-70.0% | 56.7M+21.3% | |
| Other non-current liabilities | 201M+31.4% | 153M-22.7% | 198M+19.1% | 166M-16.4% | 199M-6.5% | |
| 1.47B+10.7% | 1.33B+1.4% | 1.31B+26.6% | 1.03B+19.7% | 864M+9.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 9.86M+0.0% | 9.86M+0.0% | 9.86M+0.0% | 9.86M+0.0% | 9.86M+0.0% | |
| Additional paid-in capital | 602M+6.1% | 567M+8.3% | 523M+8.6% | 482M+6.8% | 451M+10.1% | |
| Retained earnings | 4.34B+8.7% | 3.99B+8.3% | 3.69B+11.5% | 3.31B+11.3% | 2.97B+5.3% | |
| Treasury stock | 3.28B+11.4% | 2.94B+9.7% | 2.68B+7.8% | 2.49B+7.7% | 2.31B+7.5% | |
| Accumulated other comprehensive income | -206M+31.4% | -300M-30.6% | -230M+16.5% | -275M-7.0% | -257M+14.8% | |
| Non-controlling interest | — | — | — | -99.0K+48.7% | -193K-119.7% | |
| Total equity incl. non-controlling | 1.47B+10.7% | 1.33B+1.4% | 1.31B+26.6% | 1.03B+19.7% | 864M+9.3% | |
| Total liabilities & equity | 3.78B+7.3% | 3.52B+4.2% | 3.38B+6.2% | 3.18B+22.7% | 2.59B+12.0% | |
| Common shares issued | 98.6M+0.0% | 98.6M+0.0% | 98.6M+0.0% | 98.6M+0.0% | 98.6M+0.0% | |
| Common shares outstanding | 54.8M-2.4% | 56.2M-1.3% | 57.0M-1.1% | 57.6M-2.0% | 58.8M-1.4% | |
| Shares outstanding (cover) | 54.8M-2.3% | 56.1M-1.3% | 56.8M-1.3% | 57.6M-2.0% | 58.7M-1.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 661M+10.4% | 599M-10.3% | 668M+74.1% | 383M+5.0% | 365M+3.9% | ||
| Depreciation & amortization | 98.5M+11.7% | 88.2M+1.8% | 86.7M+11.0% | 78.1M-3.8% | 81.1M+0.8% | |
| Intangible amortization | 29.7M+9.8% | 27.1M+4.2% | 26.0M+18.6% | 21.9M+3.6% | 21.2M+3.9% | |
| Share-based compensation | 20.3M-15.4% | 24.1M-8.3% | 26.2M+3.8% | 25.3M+6.2% | 23.8M+54.6% | |
| Deferred income taxes | 83.0M+301.8% | -41.1M-72.3% | -23.9M+50.8% | -48.5M-60.9% | -30.1M-3067.8% | |
| Change in receivables | 26.4M+150.0% | -52.8M-252.7% | -15.0M-123.0% | 65.0M-1.3% | 65.8M+1938.2% | |
| Change in inventory | 47.8M+288.5% | -25.4M+79.2% | -122M-250.4% | 81.2M-47.4% | 154M+778.4% | |
| -257M+28.8% | -361M-383.4% | -74.7M+85.2% | -505M-145.8% | -205M-317.3% | ||
| Capital expenditure | 127M+8.9% | 117M+28.2% | 91.0M+26.6% | 71.9M+15.0% | 62.5M+5.6% | |
| Free cash flow | 534M+10.7% | 482M-16.3% | 577M+85.1% | 312M+3.0% | 303M+3.5% | |
| Acquisitions | 138M-45.6% | 253M+673.3% | 32.7M-92.5% | 436M+179.5% | 156M | |
| Proceeds from sale of PP&E | 7.18M-8.0% | 7.80M-84.2% | 49.5M+1385.9% | 3.33M-50.9% | 6.78M-11.6% | |
| Other investing activities | 0.00+100.0% | -320K-158.1% | 551K+446.5% | -159K+97.6% | -6.50M-180.1% | |
| -462M-88.8% | -245M+40.7% | -412M-408.4% | 134M+160.3% | -222M+9.8% | ||
| Long-term debt issued | 0.00-100.0% | 550M | 0.00-100.0% | 405M | 0.00 | |
| Long-term debt repaid | 100M-75.0% | 401M+4841.1% | 8.11M | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 338M+28.3% | 264M+32.7% | 199M+9.6% | 181M+10.2% | 165M+45.0% | |
| Dividends paid | 168M+3.8% | 162M+9.5% | 148M+13.2% | 131M+7.3% | 122M+3.2% | |
| Other financing activities | 0.00+100.0% | -3.92M | 0.00+100.0% | -438K+42.6% | -763K | |
| FX effect on cash | — | — | — | -8.23M-294.1% | -2.09M-222.2% | |
| Net change in cash | -68.5M-314.4% | -16.5M-108.4% | 197M+4590.8% | 4.19M+106.5% | -64.3M-211.4% | |
| Interest paid | 58.8M+14.8% | 51.3M+3.8% | 49.4M+59.9% | 30.9M+30.0% | 23.8M-9.8% | |
| Income taxes paid | 101M-36.1% | 158M-12.7% | 181M+18.9% | 152M+73.9% | 87.3M+47.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 13.1B+24.9% | 10.5B-15.5% | 12.4B+49.1% | 8.34B+1.8% | 8.19B+18.1% | |
| P/E | 25.2×+11.8% | 22.6×-9.7% | 25.0×+31.1% | 19.1×-35.6% | 29.6×-12.0% | |
| P/S | 3.1×+18.3% | 2.6×-14.3% | 3.1×+34.8% | 2.3×-10.4% | 2.5×-3.0% | |
| P/B | 8.9×+12.8% | 7.9×-21.9% | 10.1×+12.4% | 9.0×-4.8% | 9.5×+8.0% | |
| P/FCF | 24.6×+12.8% | 21.8×+0.2% | 21.8×-18.3% | 26.6×-1.6% | 27.1×+14.1% | |
| Earnings yield | 4.0%-10.6% | 4.4%+10.8% | 4.0%-23.7% | 5.2%+55.4% | 3.4%+13.6% | |
| FCF yield | 4.1%-11.3% | 4.6%-0.2% | 4.6%+22.4% | 3.8%+1.6% | 3.7%-12.3% | |
| Dividend yield | 1.3%-17.4% | 1.5%+27.0% | 1.2%-24.7% | 1.6%+7.1% | 1.5%-12.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LECO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LECO filings on SEC EDGAR → Not investment advice.