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Lincoln Electric Holdings

LECO

Lincoln Electric is a global leader in the design and manufacture of high-performance industrial machinery and technology solutions for welding, cutting, and joining processes.

Market cap
$14.64B+17.4%
Revenue$4.4B+7.9%
Net income$538.4M+16.8%
Free cash flow$438.5M-17.9%
EPS (diluted)$9.70+19.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$1.2B
EPS estimate$2.81

Financials

Q1 2026

Income statement

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Revenue$1.1B+11.7%
Gross profit$399.1M+9.2%
Operating income$186.2M+12.9%
Net income$136.4M+15.1%
EPS (diluted)$2.47+17.6%

Balance sheet

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Cash & equivalents$298.9M-24.3%
Total debt$1.4B+4.0%
Total assets$3.9B+7.6%

Cash flow

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Operating cash flow$102.2M-45.0%
CapEx$39.2M+45.3%
Free cash flow$63.0M-60.3%

Valuation & ratios

Valuation

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Market cap$14.64B+17.4%
Enterprise value$15.71B+16.2%
P/E27.2×+2.3×
P/S3.4×+0.3×

Profitability

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Gross margin36%-0.4pp
Operating margin17%+1.2pp
Net margin12.4%+0.9pp
FCF margin10.1%-3.2pp

Returns & leverage

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Current ratio1.8×0.0×

Segments

By segment

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Americas Welding$742.9M+8.7%
International Welding$232.8M+3.1%
Harris Products Group$192.8M+41.6%

By product

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Welding Consumables$636.0M+22.2%
Welding Equipment$275.2M+2.5%
Welding Automation$210.3M-2.3%

Competitors

Profile

Lincoln Electric is a global leader in the design and manufacture of high-performance industrial machinery and technology solutions for welding, cutting, and joining processes. The company provides a comprehensive suite of equipment, consumables, and automated systems used to manufacture and maintain critical infrastructure and industrial equipment. Its value proposition centers on enhancing customer productivity and quality through innovative engineering, a highly technical sales force, and advanced robotic integration.

Competitive position

The company is the world's largest manufacturer of arc welding solutions and a global leader in automated cutting and power solutions.

GeographiesUnited States, Europe, Middle East, Africa, Asia, Australia, South America
Customer segmentsAutomotive, Heavy Industries, Construction and Infrastructure, Energy, General Fabrication
Business modelDirect-to-customer manufacturing, Distribution-led sales, Custom engineering services
SuppliersSteel suppliers, Electronic component manufacturers, Engine manufacturers, Non-ferrous metal suppliers (brass, copper, silver, aluminum), Robotic component providers
CustomersIndustrial distributors, Retailers, Original Equipment Manufacturers (OEMs), System integrators
Listed1983
Employees12.0K
CEOSteven Hedlund
FilingsSEC EDGAR

Questions, answered.

What is Lincoln Electric Holdings's market cap?
Lincoln Electric Holdings (LECO) has a market capitalization of $14.6B and trades on NASDAQ.
What is Lincoln Electric Holdings's revenue and profitability?
Lincoln Electric Holdings generated $4.4B in trailing twelve-month revenue with net income of $538.4M, representing a net margin of 12.4%. Gross margin stands at 36.0%, with free cash flow of $438.5M. These figures are based on the Q1 2026 filing.
Who are Lincoln Electric Holdings's competitors?
Lincoln Electric Holdings's key competitors include Colfax Corporation, Illinois Tool Works Inc., Mayville Engineering Company, Inc., and others. These companies compete in similar markets and product categories.
Who does Lincoln Electric Holdings partner with?
Lincoln Electric Holdings's notable partners include American Welding Society, International Institute of Welding, International Standards Organization.
What subsidiaries does Lincoln Electric Holdings have?
Lincoln Electric Holdings's subsidiaries include The Harris Products Group, The Lincoln Electric Company.
Where is Lincoln Electric Holdings headquartered?
Lincoln Electric Holdings is headquartered in United States of America and employs approximately 12,000 people. It has been publicly traded since 1983.