Lincoln Electric Financial Statements
NASDAQ: LECOIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lincoln Electric revenue and earnings
In fiscal 2025, Lincoln Electric generated $4.23 billion in revenue, up 5.6% from fiscal 2024. Net income was $520.5 million (+11.7% year over year), for a net margin of 12.3% versus a median of 11.6% in the prior 5 years. Gross margin was 36.2% (down from 36.7%) and operating margin 17.0%.
Diluted earnings per share came in at $9.32, up from $8.15. Over the last 5 fiscal years, LECO's revenue has grown at a 9.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lincoln Electric income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.23B | 4.01B | 4.19B | 3.76B | 3.23B | 2.66B | 3.00B | 3.03B | 2.62B | 2.27B |
| Revenue growth (YoY) | +5.60% | -4.37% | +11.44% | +16.30% | +21.80% | -11.58% | -0.84% | +15.40% | +15.38% | -10.30% |
| Cost of Revenue | 2.70B | 2.54B | 2.73B | 2.48B | 2.17B | 1.78B | 2.00B | 2.00B | 1.75B | 1.49B |
| Gross Profit | 1.53B | 1.47B | 1.47B | 1.28B | 1.07B | 871.34M | 1.01B | 1.03B | 875.11M | 786.56M |
| Operating Expenses | 816.19M | 836.45M | 747.60M | 668.42M | 606.94M | 589.27M | 636.68M | 652.98M | 498.17M | 502.94M |
| Research & Development | 85.55M | 81.82M | 71.23M | 63.21M | 55.97M | 51.41M | 56.84M | 54.17M | 47.90M | 44.72M |
| Selling, General & Admin | 797.99M | 780.59M | 758.91M | 656.64M | 597.11M | 543.80M | 621.49M | 627.70M | 541.23M | 468.60M |
| Operating Income | 718.06M | 636.46M | 717.85M | 612.34M | 461.67M | 282.07M | 370.91M | 375.54M | 376.94M | 283.61M |
| Interest Expense | 58.38M | 52.92M | 51.13M | 31.11M | 23.78M | 23.96M | 25.94M | 24.50M | 24.22M | 19.08M |
| Other Income (Expense) | 8.95M | 473.00K | 13.39M | 9.99M | -114.46M | 3.94M | 21.00M | 10.69M | 8.73M | 10.76M |
| Pretax Income | 675.45M | 594.15M | 686.87M | 592.83M | 325.00M | 264.04M | 368.49M | 368.66M | 366.24M | 277.39M |
| Income Tax | 154.92M | 128.04M | 141.62M | 120.60M | 48.42M | 57.90M | 75.41M | 81.67M | 118.76M | 79.02M |
| Net Income | 520.53M | 466.11M | 545.25M | 472.22M | 276.58M | 206.12M | 293.11M | 287.07M | 247.47M | 198.37M |
| Net Income growth (YoY) | +11.68% | -14.51% | +15.46% | +70.74% | +34.19% | -29.68% | +2.11% | +16.00% | +24.75% | +55.69% |
| EPS (Basic) | 9.39 | 8.23 | 9.50 | 8.14 | 4.66 | 3.46 | 4.73 | 4.42 | 3.76 | 2.94 |
| EPS (Diluted) | 9.32 | 8.15 | 9.37 | 8.04 | 4.60 | 3.42 | 4.68 | 4.37 | 3.71 | 2.91 |
| Shares Outstanding (Basic) | 55.41M | 56.64M | 57.36M | 58.03M | 59.31M | 59.63M | 61.96M | 64.89M | 65.74M | 67.46M |
| Shares Outstanding (Diluted) | 55.88M | 57.19M | 58.22M | 58.75M | 60.06M | 60.25M | 62.66M | 65.68M | 66.64M | 68.16M |
| EBITDA | 816.61M | 724.70M | 804.52M | 690.39M | 542.82M | 362.56M | 452.40M | 447.88M | 445.06M | 348.69M |
| Gross Margin | 36.25% | 36.74% | 34.96% | 34.05% | 33.04% | 32.81% | 33.55% | 33.96% | 33.34% | 34.58% |
| Operating Margin | 16.96% | 15.88% | 17.13% | 16.28% | 14.27% | 10.62% | 12.35% | 12.40% | 14.36% | 12.47% |
| Net Margin | 12.30% | 11.63% | 13.01% | 12.56% | 8.55% | 7.76% | 9.76% | 9.48% | 9.43% | 8.72% |
This table shows 10 annual periods of Lincoln Electric's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow LECO's reporting calendar. What is a income statement?