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 operating margin
Operating margin is operating income as a percentage of revenue.
Lincoln Electric's operating margin for the twelve months ending Sep 30, 2026 was 17.3%. For fiscal 2025 it was 17.0%, against 15.9% the year before. The highest annual figure on record is 17.1% in fiscal 2023.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 17.0% | +1.1 |
| FY2024 | Dec 31, 2024 | 15.9% | −1.2 |
| FY2023 | Dec 31, 2023 | 17.1% | +0.8 |
| FY2022 | Dec 31, 2022 | 16.3% | +2.0 |
| FY2021 | Dec 31, 2021 | 14.3% | +3.7 |
| FY2020 | Dec 31, 2020 | 10.6% | −1.7 |
| FY2019 | Dec 31, 2019 | 12.4% | −0.0 |
| FY2018 | Dec 31, 2018 | 12.4% | −2.0 |
| FY2017 | Dec 31, 2017 | 14.4% | +1.9 |
| FY2016 | Dec 31, 2016 | 12.5% | +5.3 |
| FY2015 | Dec 31, 2015 | 7.2% | −6.1 |
| FY2014 | Dec 31, 2014 | 13.3% | −1.0 |
| FY2013 | Dec 31, 2013 | 14.3% | +1.6 |
| FY2012 | Dec 31, 2012 | 12.7% | +1.7 |
| FY2011 | Dec 31, 2011 | 11.0% | +2.0 |
| FY2010 | Dec 31, 2010 | 9.0% | +3.6 |
| FY2009 | Dec 31, 2009 | 5.4% | −6.5 |
| FY2008 | Dec 31, 2008 | 11.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 17.3% | +0.7 |
| Q2 FY2026 | Jun 30, 2026 | 18.1% | +0.4 |
| Q1 FY2026 | Mar 31, 2026 | 16.6% | +0.2 |
| Q4 FY2025 | Dec 31, 2025 | 17.1% | −0.2 |
| Q3 FY2025 | Sep 30, 2025 | 16.6% | +1.9 |
| Q2 FY2025 | Jun 30, 2025 | 17.6% | +3.1 |
| Q1 FY2025 | Mar 31, 2025 | 16.4% | −0.4 |
| Q4 FY2024 | Dec 31, 2024 | 17.3% | −2.0 |
| Q3 FY2024 | Sep 30, 2024 | 14.8% | −1.8 |
| Q2 FY2024 | Jun 30, 2024 | 14.6% | −2.2 |
| Q1 FY2024 | Mar 31, 2024 | 16.8% | +1.0 |
| Q4 FY2023 | Dec 31, 2023 | 19.3% | +4.1 |
| Q3 FY2023 | Sep 30, 2023 | 16.6% | +1.4 |
| Q2 FY2023 | Jun 30, 2023 | 16.8% | −0.5 |
| Q1 FY2023 | Mar 31, 2023 | 15.8% | −1.6 |
| Q4 FY2022 | Dec 31, 2022 | 15.2% | +0.9 |
| Q3 FY2022 | Sep 30, 2022 | 15.2% | +0.9 |
| Q2 FY2022 | Jun 30, 2022 | 17.3% | +2.5 |
| Q1 FY2022 | Mar 31, 2022 | 17.4% | +3.7 |
| Q4 FY2021 | Dec 31, 2021 | 14.3% | +2.2 |
| Q3 FY2021 | Sep 30, 2021 | 14.3% | +2.7 |
| Q2 FY2021 | Jun 30, 2021 | 14.7% | +8.0 |
| Q1 FY2021 | Mar 31, 2021 | 13.7% | +2.2 |
| Q4 FY2020 | Dec 31, 2020 | 12.0% | +0.8 |
| Q3 FY2020 | Sep 30, 2020 | 11.6% | −0.5 |
| Q2 FY2020 | Jun 30, 2020 | 6.7% | −6.8 |
| Q1 FY2020 | Mar 31, 2020 | 11.5% | −0.9 |
| Q4 FY2019 | Dec 31, 2019 | 11.2% | −1.5 |
| Q3 FY2019 | Sep 30, 2019 | 12.1% | −1.6 |
| Q2 FY2019 | Jun 30, 2019 | 13.5% | +1.6 |
| Q1 FY2019 | Mar 31, 2019 | 12.4% | +1.2 |
| Q4 FY2018 | Dec 31, 2018 | 12.8% | +2.5 |
| Q3 FY2018 | Sep 30, 2018 | 13.7% | −6.6 |
| Q2 FY2018 | Jun 30, 2018 | 12.0% | −1.7 |
| Q1 FY2018 | Mar 31, 2018 | 11.2% | −2.4 |
| Q4 FY2017 | Dec 31, 2017 | 10.2% | −3.7 |
| Q3 FY2017 | Sep 30, 2017 | 20.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 13.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 13.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 13.9% | – |
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