10x Insights
Loading account…
Companies / Industrials / Lincoln Electric Holdings, Inc.
LECO

Lincoln Electric Holdings, Inc.

IndustrialsIndustrial Machinery
Ticker LECOCLEVELAND, OHFiscal year ends DecemberBook value per share $28.22Diluted shares 55.1M

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) makes industrial machinery and technology for welding, cutting, brazing, machining, process automation and field repair. Its products include welding equipment and consumables, cutting systems, wire feeders, fume-control equipment, mobile power equipment, software and… From the company’s description.

Over the twelve months to Sep 30, 2026, Lincoln Electric Holdings, Inc. reported revenue of $4.64B, up 11.1% from a year earlier, and net income of $575.27M. Its operating margin was 17.3%, and operations generated $666.66M in cash. In fiscal 2025, it reported revenue of $4.23B, up 5.6% from fiscal 2024, and net income of $520.53M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.23BFY2025
+5.6% year over year
Last 12 mo $4.64B
16.96%FY2025
+1.1 percentage points
Last 12 mo 17.29%
$520.53MFY2025
+11.7% year over year
Last 12 mo $575.27M
36.37%FY2025
−2 percentage points
Last 12 mo 37.96%
Cash & financing
$661.17MFY2025
+10.4% year over year
Last 12 mo $666.66M
$534.20MFY2025
+10.7% year over year
Last 12 mo $511.89M
0.88FY2025
Was 0.95× a year earlier
Last 12 mo 0.74
55.9MFY2025
−2.3% year over year
Last 12 mo 55.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Lincoln Electric Holdings, Inc. does

In the company’s own words

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) makes industrial machinery and technology for welding, cutting, brazing, machining, process automation and field repair. Its products include welding equipment and consumables, cutting systems, wire feeders, fume-control equipment, mobile power equipment, software and education solutions; it also supplies automated systems and integration services for joining, cutting, material handling, assembly and testing. Customers include industrial distributors, retailers, original equipment manufacturers, manufacturers and integrators, serving end markets such as general fabrication, energy, heavy industry, transportation, automotive, construction and infrastructure. The company reports three segments: Americas Welding, International Welding and The Harris Products Group, which covers global cutting, soldering and brazing, specialty gas equipment and primarily U.S. retail operations. Founded in 1895, it reorganized as a holding company in 1998. It operates manufacturing and automation facilities in 20 countries and employed approximately 12,000 people at December 31, 2025. Its website is www.lincolnelectric.com.

Company details
Sector
Industrials
Industry (SIC)
Industrial Machinery
Headquarters
CLEVELAND, OH
Fiscal year end
December
CIK
59527
SIC
3540

Financial performance, year by year

Fiscal 2011–2025 · USD
$-464.11M$928.22M$2.32B$3.71B$5.11B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Lincoln Electric Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

494
funds hold it
0 of 35
superinvestors hold it
$5.37B
held by funds, at market
37.5%
of shares held by funds

Largest fund holders · Lincoln Electric Holdings, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.40%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.18%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
1.70%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.41%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Lincoln Electric Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Lincoln Electric Holdings, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Lincoln Electric Holdings, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.