Lincoln Electric Financial Ratios
NASDAQ: LECOIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lincoln Electric ratio analysis
Lincoln Electric earned a net margin of 12.3% in FY 2025, up from 11.6% a year earlier. Gross margin was 36.2% compared with a median of 34.0% over the prior 9 years. Return on equity reached 35.4%, meaning Lincoln Electric generated 0.35 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.88 versus 0.95 the year before, and the current ratio was 1.82. At the end of FY 2025, LECO traded at 26.2 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 18.0 to 34.0, with a median of 23.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Lincoln Electric financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 26.15 | 22.84 | 23.21 | 17.97 | 30.32 | 33.99 | 20.78 | 18.03 | 24.68 | 26.35 |
| Price / sales | 3.19 | 2.63 | 2.98 | 2.23 | 2.56 | 2.61 | 2.01 | 1.69 | 2.29 | 2.27 |
| Price / book | 9.19 | 7.94 | 9.53 | 8.11 | 9.57 | 8.77 | 7.36 | 5.76 | 6.46 | 7.27 |
| Gross margin | 36.2% | 36.7% | 35.0% | 34.1% | 33.0% | 32.8% | 33.5% | 34.0% | 33.3% | 34.6% |
| Operating margin | 17.0% | 15.9% | 17.1% | 16.3% | 14.3% | 10.6% | 12.4% | 12.4% | 14.4% | 12.5% |
| Net margin | 12.3% | 11.6% | 13.0% | 12.6% | 8.6% | 7.8% | 9.8% | 9.5% | 9.4% | 8.7% |
| Free cash flow margin | 12.6% | 12.0% | 13.8% | 8.3% | 9.4% | 11.0% | 11.1% | 8.5% | 10.4% | 11.5% |
| Return on equity (ROE) | 35.4% | 35.1% | 41.7% | 45.7% | 32.0% | 26.1% | 35.8% | 32.4% | 26.6% | 27.9% |
| Return on assets (ROA) | 13.8% | 13.2% | 16.1% | 14.8% | 10.7% | 8.9% | 12.4% | 12.2% | 10.3% | 10.2% |
| Debt / equity | 0.88 | 0.95 | 0.84 | 1.16 | 0.89 | 0.91 | 0.91 | 0.79 | 0.76 | 0.99 |
| Current ratio | 1.82 | 1.87 | 2.24 | 1.83 | 1.71 | 2.02 | 1.91 | 2.30 | 2.60 | 2.69 |
| Revenue growth | 5.6% | -4.4% | 11.4% | 16.3% | 21.8% | -11.6% | -0.8% | 15.4% | 15.4% | -10.3% |
| EPS growth | 14.4% | -13.0% | 16.5% | 74.8% | 34.5% | -26.9% | 7.1% | 17.8% | 27.5% | 71.2% |