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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	145.3%-0.7pp	145.7%+0.4pp	146.2%+2.6pp	146.1%+4.5pp	146%+6.9pp
Operating margin	67.6%+2.7pp	66.3%-0.2pp	65.3%-2.5pp	64.6%-2.8pp	64.9%-1.5pp
Net margin	49.5%+2.0pp	48.6%-0.7pp	47.9%-2.7pp	47.3%-3.7pp	47.5%-3.0pp
EBITDA margin	76.8%+3.2pp	75.5%+0.5pp	74.3%-1.9pp	73.5%-2.3pp	73.6%-1.1pp
Free cash flow margin	48.1%-3.3pp	51.3%-0.9pp	50.7%-3.2pp	50.3%-4.9pp	51.4%-2.7pp
Returns
Return on assets	56.7%+1.0pp	55.5%-3.5pp	54.8%-7.3pp	54.6%-10.4pp	55.7%-9.9pp
Efficiency
Asset turnover	4.6×-0.1×	4.6×-0.2×	4.6×-0.3×	4.6×-0.5×	4.7×-0.5×
Inventory turnover	17.4×0.0×	17.5×+0.3×	17.5×+0.4×	17.6×+0.4×	17.4×+0.4×
Liquidity
Current ratio	7×-0.5×	7×-1.0×	7.1×-1.3×	7.2×-1.4×	7.6×-1.0×
Quick ratio	4.4×-0.5×	4.5×-0.8×	4.6×-0.9×	4.7×-0.9×	5×-0.5×
Cash ratio	1.2×-0.4×	1.3×-0.4×	1.4×-0.4×	1.6×-0.2×	1.6×-0.1×
Leverage
Debt-to-assets	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Net debt / EBITDA	5.1×+0.3×	5.1×+0.6×	5×+0.7×	4.9×+0.8×	4.8×+0.4×
Valuation
Market capitalization	$51.36B+20.0%	$48.31B+3.4%	$45.7B-5.9%	$43.59B-9.3%	$42.81B-12.2%
Enterprise value	$55.48B+19.6%	$52.27B+4.2%	$49.47B-4.7%	$47.28B-7.9%	$46.38B-10.9%
Price / earnings	98.4×+9.1×	96×+3.1×	93.4×+0.4×	91.2×-0.1×	89.3×-4.8×
Price / sales	12.2×+1.6×	11.7×+0.2×	11.2×-0.6×	10.8×-0.9×	10.6×-1.3×
EV / EBITDA	68.5×+6.2×	66.8×+1.3×	65.2×-1.0×	63.5×-2.0×	62.3×-5.7×
EV / sales	13.2×+1.7×	12.6×+0.3×	12.1×-0.5×	11.7×-0.8×	11.5×-1.3×
Free cash flow yield	15.8%-3.6pp	17.7%-0.7pp	18.2%-0.3pp	18.7%-0.5pp	19.4%+1.0pp
Earnings yield	16.3%-1.7pp	16.7%-0.7pp	17.2%-0.2pp	17.6%-0.1pp	17.9%+0.8pp
Dividend yield	5.2%-0.7pp	5.5%+0.1pp	5.8%+0.7pp	6%+0.9pp	6%+1.1pp

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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.