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Lincoln Electric Holdings LECO Harris Products Group — Goodwill

Other segment segments

Americas Welding
$593.2M+1.3%
International Welding
$250.06M+41.9%

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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 harris products group — goodwill?
Lincoln Electric Holdings (LECO) reported harris products group — goodwill of $43.43M in Q4 2025.
How has Lincoln Electric Holdings's harris products group — goodwill changed year-over-year?
Lincoln Electric Holdings's harris products group — goodwill increased by 1.3% year-over-year, from $42.85M to $43.43M.
What does harris products group — goodwill mean?
The intangible asset value representing the premium paid for acquisitions within the segment that exceeds the fair value of identifiable net assets. It reflects the long-term value of brand, customer relationships, and synergies.

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