What are Lincoln Electric Holdings's profit margins?

Lincoln Electric Holdings (LECO) runs a 36.0% gross margin and a 17.0% operating margin, with a 12.4% net margin.

Where do Lincoln Electric Holdings's ratios come from?

Every ratio is computed from Lincoln Electric Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Lincoln Electric Holdings LECO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	36%-0.4pp	36.2%-0.5pp	36.6%+0.1pp	36.4%0.0pp	36.5%+0.7pp
Operating margin	17%+1.2pp	17%+1.1pp	17%+0.6pp	16.6%-0.3pp	15.8%-1.6pp
Net margin	12.4%+0.9pp	12.3%+0.7pp	12.6%+0.6pp	12.3%-0.2pp	11.4%-1.8pp
EBITDA margin	19.3%+1.3pp	19.3%+1.2pp	19.3%+0.8pp	18.9%-0.1pp	18%-1.5pp
Free cash flow margin	10.1%-3.2pp	12.6%+0.6pp	13.1%+0.3pp	12.3%-1.1pp	13.2%-0.7pp
Returns
Return on assets	14.3%+1.1pp	14.3%+0.8pp	14%+0.2pp	14.1%-1.1pp	13.2%-3.3pp
Efficiency
Asset turnover	1.2×0.0×	1.2×0.0×	1.1×0.0×	1.1×-0.1×	1.2×-0.1×
Inventory turnover	4.4×-0.1×	4.6×0.0×	4.1×-0.1×	4.3×+0.2×	4.5×+0.2×
Liquidity
Current ratio	1.8×0.0×	1.8×-0.1×	1.7×-0.1×	1.7×-0.4×	1.8×-0.5×
Quick ratio	1.1×0.0×	1.2×-0.1×	1.1×-0.1×	1.1×-0.2×	1.2×-0.3×
Cash ratio	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.4×-0.1×
Leverage
Debt-to-assets	0.3×0.0×	0.4×0.0×	0.3×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	1.3×0.0×	1.3×+0.1×	1.2×0.0×	1.3×+0.2×	1.3×+0.3×
Valuation
Market capitalization	$13.66B+28.8%	$13.19B+24.7%	$13.01B+19.3%	$11.51B+7.3%	$10.6B-27.0%
Enterprise value	$14.72B+27.8%	$14.23B+24.6%	$14.02B+18.5%	$12.52B+7.8%	$11.52B-24.8%
Price / earnings	25.4×+2.4×	25.3×+2.6×	24.8×+2.2×	22.9×+1.9×	23×-3.6×
Price / sales	3.1×+0.5×	3.1×+0.5×	3.1×+0.4×	2.8×+0.2×	2.6×-0.9×
EV / EBITDA	17.5×+1.7×	17.4×+1.7×	17.4×+1.6×	16.2×+1.2×	15.8×-3.2×
EV / sales	3.4×+0.5×	3.4×+0.5×	3.4×+0.4×	3.1×+0.2×	2.9×-0.8×
Free cash flow yield	3.2%-1.8pp	4.1%-0.5pp	4.2%-0.5pp	4.4%-0.7pp	5%+1.1pp
Earnings yield	3.9%-0.4pp	3.9%-0.5pp	4%-0.4pp	4.4%-0.4pp	4.4%+0.6pp
Dividend yield	1.2%-0.3pp	1.3%-0.3pp	1.3%-0.2pp	1.4%0.0pp	1.5%+0.5pp
PEG ratio	1.5×—	2.2×—	2.8×—	——	——

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Questions, answered.

What are Lincoln Electric Holdings's profit margins?: Lincoln Electric Holdings (LECO) runs a 36.0% gross margin and a 17.0% operating margin, with a 12.4% net margin.
Where do Lincoln Electric Holdings's ratios come from?: Every ratio is computed from Lincoln Electric Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.