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Operating margin at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
26.4%+0.5pp
Dover logo
DoverDOV
16.7%+0.5pp
Wesco International logo
Wesco InternationalWCC
5.3%-0.2pp
United Rentals logo
United RentalsURI
24.7%-1.1pp
Barnes Group logo
Barnes GroupB
6.8%+0.6pp
Linde logo
LindeLIN
26.5%+0.1pp

Other financials

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 equity$1.2B+32.6%
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

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Market cap$15.08B+28.8%
Enterprise value$16.14B+27.8%
P/E28×+2.6×
P/S3.5×+0.6×

Profitability

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Gross margin36%-0.4pp
Net margin12.4%+0.9pp

Returns & leverage

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Return on equity46.3%-2.8pp
Debt / equity+0.1×
Current ratio1.8×0.0×

Where this comes from

Calculated from Lincoln Electric Holdings’s reported figures.

Based on trailing twelve months.

The official record: Lincoln Electric Holdings’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lincoln Electric Holdings's operating margin?
Lincoln Electric Holdings (LECO) reported operating margin of 17% in Q1 2026.
How has Lincoln Electric Holdings's operating margin changed year-over-year?
Lincoln Electric Holdings's operating margin increased by 7.7% year-over-year, from 15.8% to 17%.
What is the long-term trend for Lincoln Electric Holdings's operating margin?
Over 4 years (2021 to 2025), Lincoln Electric Holdings's operating margin has grown at a 6.1% compound annual growth rate (CAGR), from 52.4% to 66.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.