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Lincoln Electric Holdings Income Statement 2025-2007 | LECO
Brief overview of financial results at Lincoln Electric Holdings
The comparison covers a five-year financial horizon. According to figures from Lincoln Electric Holdings, revenue changed from $2.7 billion to $4.2 billion over five years. The five-year change reached +59.4%, while CAGR stood at 9.8%. This represents moderate business growth.
At the gross-profit level, the result moved from $871 million to $1.5 billion, a change of +76.1%. The cost base moved more slowly than the top line, which supported margins. Gross profit as a share of revenue changed from 32.8% to 36.2%. A wider margin shows that the economics of the core business improved.
EBITDA was 363 million dollars at the beginning and 817 million dollars at the end of the period (+125.2%). The operating result outpaced sales and points to improving efficiency. At the operating-margin level, the figure shifted from 13.7% to 19.3%. Higher profitability strengthens the quality of operating growth.
Over the period, net income shifted from $206 million to $521 million (+152.5%). Revenue converted into net income more efficiently.
Market value was 6.8 billion dollars at the start and 15.9 billion dollars at the end. The share-price trend was broadly consistent with improving results.
What the figures show
The financial trajectory looks strong and well balanced. The financial profile benefits from improving net profitability, an improving EBITDA margin and better sales economics. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Lincoln Electric Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
15.9 B | 11.8 B | 14.5 B | 9.56 B | 8.27 B | 6.85 B | 5.76 B | 5.66 B | 6.49 B | 5.66 B | 3.95 B | 5.38 B | 5.66 B | 4.46 B | 3.61 B | 2.28 B | 1.81 B | 1.75 B | - |
Shares |
55.4 M | 56.6 M | 57.4 M | 58 M | 59.3 M | 59.6 M | 62 M | 64.9 M | 65.7 M | 67.5 M | 74.1 M | 79.2 M | 82 M | 83.1 M | 83.7 M | 84.4 M | 84.8 M | 42.6 M | - |
Historical Prices |
287 | 208 | 253 | 165 | 139 | 115 | 93.3 | 74.3 | 84.8 | 69.6 | 46 | 60.2 | 61.3 | 41.2 | 32.6 | 27 | 21.4 | 41 | 35.9 |
Net Income |
521 M | 466 M | 545 M | 472 M | 277 M | 206 M | 293 M | 287 M | 248 M | 198 M | 127 M | 255 M | 294 M | 257 M | 217 M | 130 M | 48.6 M | 212 M | - |
Revenue |
4.23 B | 4.01 B | 4.19 B | 3.76 B | 3.23 B | 2.66 B | 3 B | 3.03 B | 2.62 B | 2.27 B | 2.54 B | 2.81 B | 2.85 B | 2.85 B | 2.69 B | - | - | - | - |
Cost of Revenue |
2.7 B | 2.54 B | 2.73 B | 2.48 B | 2.17 B | 1.78 B | 2 B | 2 B | 1.75 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
1.53 B | 1.47 B | 1.47 B | 1.28 B | 1.07 B | 871 M | 1.01 B | 1.03 B | 880 M | 789 M | 841 M | 949 M | 943 M | 867 M | 737 M | 564 M | 456 M | 720 M | - |
Operating Income |
718 M | 636 M | 718 M | 612 M | 462 M | 282 M | 371 M | 376 M | 377 M | 284 M | 182 M | 374 M | 407 M | 362 M | 297 M | 186 M | 93.2 M | 296 M | - |
Interest Expense |
9.4 M | 52.9 M | 51.1 M | 31.1 M | 23.8 M | 24 M | 25.9 M | 24.5 M | 24.2 M | 19.1 M | 21.8 M | 10.4 M | 2.86 M | 4.19 M | 6.7 M | 6.69 M | 8.52 M | 12.2 M | - |
EBITDA |
817 M | 725 M | 805 M | 690 M | 543 M | 363 M | 468 M | 473 M | 403 M | 388 M | 266 M | 473 M | 484 M | 437 M | 381 M | 244 M | 150 M | 353 M | - |
Operating Expenses |
- | - | - | - | - | - | 621 M | 628 M | 546 M | 467 M | 639 M | 545 M | 527 M | 495 M | 440 M | - | - | - | - |
General and Administrative Expenses |
798 M | 781 M | 759 M | 657 M | 597 M | 544 M | 621 M | 628 M | 546 M | 467 M | 639 M | 545 M | 527 M | 495 M | 440 M | 378 M | 333 M | 405 M | - |
All numbers in USD currency
Quarterly Income Statement Lincoln Electric Holdings
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
54.7 M | 54.8 M | 55.1 M | 55.5 M | 56.1 M | 56.2 M | 56.6 M | 56.8 M | 56.9 M | 57.3 M | 57.5 M | 57.6 M | - | 57.8 M | 58 M | 58.6 M | 58.8 M | 59.3 M | 59.5 M | 59.6 M | 59.6 M | 59.4 M | 59.4 M | 60.2 M | 60.6 M | 61.4 M | 62.3 M | 63.2 M | 63.5 M | 64.8 M | 65.3 M | 65.6 M | 65.7 M | 65.8 M | 65.8 M | 65.7 M | 65.7 M | 66.5 M | 68.2 M | 69.6 M | 70.7 M | 73.8 M | 75 M | 76.2 M | 77 M | 78.8 M | 79.9 M | 80.6 M | 81 M | 81.6 M | 82.4 M | 82.7 M | 82.9 M | 82.9 M | 83.3 M | 83.5 M | 83.8 M | 83.6 M | 83 M | 83.8 M | 42.1 M | 42.3 M |
Net Income |
159 M | 136 M | 123 M | 143 M | 118 M | - | 101 M | 102 M | 123 M | 129 M | 137 M | 122 M | - | 109 M | 128 M | 126 M | - | 31.8 M | 96.3 M | 74.1 M | - | 58.5 M | 27 M | 55.6 M | 63.7 M | 72.5 M | 85.4 M | 71.5 M | 86.8 M | 70.5 M | 68.9 M | 60.8 M | 24.2 M | 106 M | 61.3 M | 55.8 M | 53.4 M | 60 M | 31.3 M | 53.6 M | 48.7 M | -60.5 M | 70.9 M | 68.3 M | 75.2 M | 44.8 M | 77.3 M | 56.4 M | 88.3 M | 64.3 M | 72.5 M | 66.8 M | 62.1 M | 64.7 M | 66.4 M | 64.1 M | 57.7 M | 55.4 M | 57 M | 46.9 M | 32.5 M | 32.5 M |
Revenue |
1.22 B | 1.12 B | 1.06 B | 1.09 B | 1 B | - | 984 M | 1.02 B | 981 M | 1.03 B | 1.06 B | 1.04 B | - | 935 M | 970 M | 925 M | - | 806 M | 826 M | 757 M | - | 669 M | 591 M | 702 M | 736 M | 731 M | 777 M | 759 M | 744 M | 737 M | 790 M | 758 M | - | 669 M | 627 M | 581 M | - | 568 M | 592 M | 551 M | - | 645 M | 665 M | 658 M | - | 716 M | 729 M | 685 M | - | 692 M | 727 M | 719 M | - | 698 M | 744 M | 727 M | - | 1.49 M | 1.72 M | 830 K | - | - |
Cost of Revenue |
771 M | 722 M | 672 M | 683 M | 639 M | - | 632 M | 638 M | 613 M | 668 M | 687 M | 684 M | - | 626 M | 636 M | 596 M | - | 538 M | 552 M | 503 M | - | 454 M | 401 M | 465 M | - | 492 M | 507 M | 501 M | - | 486 M | 520 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
449 M | 399 M | 389 M | 406 M | 365 M | - | 352 M | 384 M | 368 M | 366 M | 373 M | 355 M | - | 310 M | 333 M | 330 M | - | 268 M | 274 M | 254 M | - | 215 M | 189 M | 237 M | 241 M | 238 M | 270 M | 258 M | 250 M | 252 M | 270 M | 257 M | 238 M | 218 M | 216 M | 203 M | 197 M | 200 M | 203 M | 189 M | 196 M | 199 M | 226 M | 220 M | 231 M | 242 M | 250 M | 226 M | 243 M | 233 M | 240 M | 227 M | 213 M | 213 M | 225 M | 215 M | 194 M | 185 M | 196 M | 161 M | 144 M | 149 M |
Operating Income |
221 M | 186 M | 177 M | 192 M | 165 M | - | 146 M | 149 M | 165 M | 171 M | 178 M | 164 M | - | 142 M | 168 M | 161 M | - | 116 M | 122 M | 104 M | - | 77.8 M | 39.8 M | 81.1 M | - | 88.5 M | 105 M | 94.5 M | - | 101 M | 94.6 M | 85.2 M | - | 136 M | 85.6 M | 79.4 M | - | 81.8 M | 48.1 M | 75.3 M | - | -84 M | 96.8 M | 90.5 M | - | 76.1 M | 112 M | 80.4 M | - | 95.2 M | 104 M | 88.6 M | - | 88.7 M | 96 M | 91.6 M | - | 74.8 M | 80 M | 59.5 M | 48.2 M | 51.1 M |
Interest Expense |
- | - | - | - | - | - | 14.1 M | 12.6 M | 12 M | 12.7 M | 12.5 M | 14.1 M | - | 8.59 M | 6.69 M | 6.57 M | - | 6.05 M | 6.06 M | 5.81 M | - | 5.84 M | 6.3 M | 6.32 M | - | 6.89 M | 6.49 M | 6.29 M | - | 5.96 M | 6.62 M | 5.91 M | - | 5.92 M | 6.3 M | 6.11 M | - | 3.82 M | 4.19 M | 3.83 M | - | 5.8 M | 4.39 M | 1.84 M | - | 1.17 M | 986 K | 1.57 M | - | 558 K | 799 K | 950 K | - | 1.04 M | 1.13 M | 1.17 M | - | 1.75 M | 1.63 M | 1.66 M | 1.67 M | 1.57 M |
EBITDA |
247 M | 212 M | 201 M | 217 M | 189 M | - | - | 170 M | 187 M | - | - | 186 M | - | 201 M | 168 M | 181 M | - | 176 M | 122 M | 123 M | - | 138 M | 80.8 M | 102 M | - | 149 M | 144 M | 113 M | - | 155 M | 131 M | 103 M | - | 186 M | 118 M | 95.6 M | - | 130 M | 80.3 M | 90.9 M | - | -36.1 M | 129 M | 107 M | - | 129 M | 148 M | 98.4 M | - | 147 M | 139 M | 106 M | - | 137 M | 128 M | 107 M | - | 122 M | 111 M | 74.7 M | 90.6 M | 79.5 M |
General and Administrative Expenses |
225 M | 211 M | 207 M | 211 M | 197 M | - | 186 M | 208 M | 199 M | 187 M | 193 M | 190 M | - | 159 M | 167 M | 167 M | - | 149 M | 152 M | 146 M | - | 131 M | 126 M | 150 M | - | 148 M | 163 M | 160 M | - | 148 M | 164 M | 161 M | - | 134 M | 131 M | 123 M | - | 118 M | 120 M | 114 M | - | 128 M | 128 M | 130 M | - | 136 M | 137 M | 146 M | - | 131 M | 135 M | 137 M | - | 122 M | 128 M | 124 M | - | 111 M | 116 M | 102 M | 95.6 M | 101 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Lincoln Electric Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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