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LECO · Nasdaq · United States · Metalworkg Machinery & Equipment
In shortLINCOLN ELECTRIC HOLDINGS INC is profitable, generates cash and carries moderate debt, with revenue growing (+5.6% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 17.0% | 73/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 12.3% | 69/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 37.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 20.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.82× | 85/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.88× | 62/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.21× | 80/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 12.30× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.05 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.6% | 70/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.03× | 91/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 10.1% | 74/100 |
| Operating margin volatility | 1.1% | 99/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 4.0% | 39/100 |
|---|---|---|
| EPS growth, 3-year average | 5.0% | 50/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 3,234 | 3,761 | 4,192 | 4,009 | 4,233 |
| Cost of revenue | 2,166 | 2,480 | 2,726 | 2,536 | 2,699 |
| Gross profit | 1,069 | 1,281 | 1,465 | 1,473 | 1,534 |
| Research & development | 56 | 63 | 71 | 82 | 86 |
| Selling, general & admin | 597 | 657 | 759 | 781 | 798 |
| Operating income | 462 | 612 | 718 | 636 | 718 |
| Interest expense | 24 | 31 | 51 | 53 | 58 |
| Pre-tax income | 325 | 593 | 687 | 594 | 675 |
| Income tax | 48 | 121 | 142 | 128 | 155 |
| Net income | 277 | 472 | 545 | 466 | 521 |
| Diluted EPS | $4.60 | $8.04 | $9.37 | $8.15 | $9.32 |
| Diluted shares (millions) | 60 | 59 | 58 | 57 | 56 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
7.05 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026