Lincoln Electric Holdings Inc (LECO) stock
LECONasdaqMetalworkg Machinery & EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 16/3019% above fair value
$282.86−1.74 (-0.61%)
Close on Nov 13, 2026Market cap $15.32BP/E 27.1Yield 1.07%
Lincoln Electric gross margin
Gross margin is gross profit as a percentage of revenue.
Lincoln Electric's gross margin for the twelve months ending Sep 30, 2026 was 35.5%. For fiscal 2025 it was 36.2%, against 36.7% the year before. The highest annual figure on record is 36.7% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 36.2% | −0.5 |
| FY2024 | Dec 31, 2024 | 36.7% | +1.8 |
| FY2023 | Dec 31, 2023 | 35.0% | +0.9 |
| FY2022 | Dec 31, 2022 | 34.1% | +1.0 |
| FY2021 | Dec 31, 2021 | 33.0% | +0.2 |
| FY2020 | Dec 31, 2020 | 32.8% | −0.7 |
| FY2019 | Dec 31, 2019 | 33.5% | −0.4 |
| FY2018 | Dec 31, 2018 | 34.0% | +0.6 |
| FY2017 | Dec 31, 2017 | 33.3% | −1.2 |
| FY2016 | Dec 31, 2016 | 34.6% | +1.4 |
| FY2015 | Dec 31, 2015 | 33.2% | −0.6 |
| FY2014 | Dec 31, 2014 | 33.7% | +0.7 |
| FY2013 | Dec 31, 2013 | 33.0% | +2.7 |
| FY2012 | Dec 31, 2012 | 30.4% | +3.0 |
| FY2011 | Dec 31, 2011 | 27.3% | +0.1 |
| FY2010 | Dec 31, 2010 | 27.2% | +0.9 |
| FY2009 | Dec 31, 2009 | 26.4% | −2.7 |
| FY2008 | Dec 31, 2008 | 29.0% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 34.8% | −1.9 |
| Q2 FY2026 | Jun 30, 2026 | 36.8% | −0.4 |
| Q1 FY2026 | Mar 31, 2026 | 35.6% | −0.8 |
| Q4 FY2025 | Dec 31, 2025 | 34.7% | −1.4 |
| Q3 FY2025 | Sep 30, 2025 | 36.7% | +0.9 |
| Q2 FY2025 | Jun 30, 2025 | 37.3% | −0.3 |
| Q1 FY2025 | Mar 31, 2025 | 36.4% | −1.2 |
| Q4 FY2024 | Dec 31, 2024 | 36.1% | +1.0 |
| Q3 FY2024 | Sep 30, 2024 | 35.8% | +0.4 |
| Q2 FY2024 | Jun 30, 2024 | 37.6% | +2.4 |
| Q1 FY2024 | Mar 31, 2024 | 37.5% | +3.4 |
| Q4 FY2023 | Dec 31, 2023 | 35.1% | +2.0 |
| Q3 FY2023 | Sep 30, 2023 | 35.4% | +2.3 |
| Q2 FY2023 | Jun 30, 2023 | 35.2% | +0.8 |
| Q1 FY2023 | Mar 31, 2023 | 34.2% | −1.4 |
| Q4 FY2022 | Dec 31, 2022 | 33.1% | +0.8 |
| Q3 FY2022 | Sep 30, 2022 | 33.1% | −0.2 |
| Q2 FY2022 | Jun 30, 2022 | 34.4% | +1.2 |
| Q1 FY2022 | Mar 31, 2022 | 35.6% | +2.1 |
| Q4 FY2021 | Dec 31, 2021 | 32.3% | −0.7 |
| Q3 FY2021 | Sep 30, 2021 | 33.3% | +1.1 |
| Q2 FY2021 | Jun 30, 2021 | 33.2% | +1.1 |
| Q1 FY2021 | Mar 31, 2021 | 33.5% | −0.3 |
| Q4 FY2020 | Dec 31, 2020 | 33.0% | +0.3 |
| Q3 FY2020 | Sep 30, 2020 | 32.2% | −0.4 |
| Q2 FY2020 | Jun 30, 2020 | 32.1% | −2.7 |
| Q1 FY2020 | Mar 31, 2020 | 33.8% | −0.2 |
| Q4 FY2019 | Dec 31, 2019 | 32.7% | −0.9 |
| Q3 FY2019 | Sep 30, 2019 | 32.6% | −1.5 |
| Q2 FY2019 | Jun 30, 2019 | 34.7% | +0.5 |
| Q1 FY2019 | Mar 31, 2019 | 34.0% | +0.2 |
| Q4 FY2018 | Dec 31, 2018 | 33.7% | +1.8 |
| Q3 FY2018 | Sep 30, 2018 | 34.1% | +1.6 |
| Q2 FY2018 | Jun 30, 2018 | 34.2% | −0.3 |
| Q1 FY2018 | Mar 31, 2018 | 33.9% | −1.0 |
| Q4 FY2017 | Dec 31, 2017 | 31.9% | −3.1 |
| Q3 FY2017 | Sep 30, 2017 | 32.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 34.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 34.9% | – |
| Q4 FY2016 | Dec 31, 2016 | 35.0% | – |
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