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Lincoln Electric Holdings LECO Americas Welding — Goodwill

Other segment segments

International Welding
$250.06M+41.9%
Harris Products Group
$43.43M+1.3%

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Other financials

Income statement

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Revenue$1.2B+12.0%
Gross profit$449.0M+10.7%
Operating income$220.6M+14.8%
Net income$158.5M+10.5%
EPS (diluted)$2.88+12.5%

Balance sheet

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Cash & equivalents$242.4M-19.0%
Total debt$1.2B-8.2%
Total equity$1.2B+32.6%
Total assets$3.8B+2.3%

Cash flow

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Operating cash flow$253.8M+76.4%
CapEx$31.4M+23.6%
Free cash flow$222.3M+87.8%

Valuation

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Market cap$15.23B+14.1%
Enterprise value$16.19B+12.7%
P/E27.5×+1.0×
P/S3.4×+0.1×

Profitability

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Gross margin36%-0.4pp
Operating margin17.1%+0.6pp
Net margin12.4%+0.1pp
FCF margin12.1%-0.2pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio+0.3×

Where this comes from

Reported directly by Lincoln Electric Holdings in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Lincoln Electric Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 2:41 PM EST
Fiscal year
FY2025
Accession
0000059527-26-000006
Line itemAmericas / WeldingInternational / WeldingThe Harris / Products / GroupConsolidated
Balance as of December 31, 2023$497,600153,47943,373694,452
Additions and adjustments (1)101,65733,427135,084
Foreign currency translation(13,443)(10,644)(522)(24,609)
Balance as of December 31, 2024585,814176,26242,851804,927
Additions and adjustments (2)(662)57,57556,913
Foreign currency translation8,04816,22057824,846
Balance as of December 31, 2025$593,200$250,057$43,429$886,686

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Lincoln Electric Holdings's americas welding — goodwill?
Lincoln Electric Holdings (LECO) reported americas welding — goodwill of $593.2M in Q4 2025.
How has Lincoln Electric Holdings's americas welding — goodwill changed year-over-year?
Lincoln Electric Holdings's americas welding — goodwill increased by 1.3% year-over-year, from $585.81M to $593.2M.
What does americas welding — goodwill mean?
The intangible asset value representing the premium paid for acquisitions within the Americas Welding segment over the fair value of net identifiable assets. It reflects the segment's historical growth through M&A activity.

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