Lincoln Electric Holdings LECO Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 145.7%+0.4pp | 145.3%+8.2pp | 137.1%+1.6pp | 135.5%+3.5pp | |
| Operating margin | 66.3%-0.2pp | 66.5%+1.6pp | 64.9%+1.4pp | 63.5%+11.1pp | |
| Net margin | 48.6%-0.7pp | 49.3%-0.1pp | 49.4%+5.1pp | 44.3%+8.8pp | |
| EBITDA margin | 75.5%+0.5pp | 75.1%+1.9pp | 73.2%+0.6pp | 72.5%+9.4pp | |
| Free cash flow margin | 51.3%-0.9pp | 52.2%+1.9pp | 50.2%+16.6pp | 33.6%-8.4pp | |
| Returns | |||||
| Return on assets | 55.5%-3.5pp | 59%-5.7pp | 64.7%+5.0pp | 59.7%+15.2pp | |
| Efficiency | |||||
| Asset turnover | 4.6×-0.2× | 4.8×-0.5× | 5.2×-0.2× | 5.4×+0.4× | |
| Inventory turnover | 17.5×+0.3× | 17.2×+0.5× | 16.8×-0.2× | 17×-1.1× | |
| Liquidity | |||||
| Current ratio | 7×-1.0× | 8×-0.2× | 8.3×+1.6× | 6.7×-0.4× | |
| Quick ratio | 4.5×-0.8× | 5.3×+0.1× | 5.1×+1.4× | 3.8×-0.5× | |
| Cash ratio | 1.3×-0.4× | 1.7×+0.2× | 1.5×+0.7× | 0.7×-0.4× | |
| Leverage | |||||
| Debt-to-assets | 1.4×0.0× | 1.4×0.0× | 1.4×+0.1× | 1.4×+0.1× | |
| Net debt / EBITDA | 5.1×+0.6× | 4.5×-0.4× | 4.9×-0.1× | 4.9×-0.1× | |
| Valuation | |||||
| Market capitalization | $48.31B+3.4% | $46.74B+6.4% | $43.93B+42.0% | $30.94B+0.2% | |
| Enterprise value | $52.27B+4.2% | $50.17B+5.7% | $47.48B+39.0% | $34.15B+2.7% | |
| Price / earnings | 96×+3.1× | 92.9×+4.6× | 88.3×+9.3× | 79×-38.0× | |
| Price / sales | 11.7×+0.2× | 11.5×+0.6× | 10.9×+2.3× | 8.6×-1.7× | |
| EV / EBITDA | 66.8×+1.3× | 65.5×+1.0× | 64.5×+12.0× | 52.5×-18.4× | |
| EV / sales | 12.6×+0.3× | 12.3×+0.5× | 11.8×+2.3× | 9.5×-1.6× | |
| Free cash flow yield | 17.7%-0.7pp | 18.4%-0.1pp | 18.4%+2.8pp | 15.7%-0.6pp | |
| Earnings yield | 16.7%-0.7pp | 17.4%-0.8pp | 18.2%-2.5pp | 20.7%+7.0pp | |
| Dividend yield | 5.5%+0.1pp | 5.5%+0.3pp | 5.2%-1.4pp | 6.6%+0.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
