Lincoln Electric Holdings, Inc. (LECO) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Lincoln Electric financial statements at a glance

Lincoln Electric reported revenue of $4.23 billion for fiscal year 2025 (ended December 31, 2025), up 5.6% from fiscal year 2024. Net income was $520.53 million, a net margin of 12.3%, and diluted earnings per share were $9.32.

At the end of fiscal year 2025 it had total assets of $3.78 billion, total liabilities of $2.31 billion and shareholders' equity of $1.47 billion, with cash and short-term investments of $308.79 million and total debt of $1.29 billion.

Its operations brought in $661.17 million of cash; capital spending was $126.97 million, leaving free cash flow of $534.20 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

LECO logo

Lincoln Electric Holdings, Inc.

LECOUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
4.23B
Prev Year: 4.01B
YoY: +5.6%
Operating Revenue
4.23B
Prev Year: 4.01B
YoY: +5.6%
Total Unusual Items
-18.20M
Prev Year: -55.86M
YoY: +67.4%
Normalized EBITDA
843.76M
Prev Year: 781.03M
YoY: +8.0%
Tax Rate for Calcs
0.229
Prev Year: 0
Tax Effect of Unusual Items
-4.17M
Prev Year: -12.07M
YoY: +65.4%
Total Operating Income as Reported
718.06M
Prev Year: 636.46M
YoY: +12.8%
Equity in Earnings of Affiliates
1.95M
Prev Year: 235.0K
YoY: +728.9%
Cost of Revenue
2.70B
Prev Year: 2.54B
YoY: +6.4%
Gross Profit
1.53B
Prev Year: 1.47B
YoY: +4.2%
Operating Expense
797.99M
Prev Year: 780.59M
YoY: +2.2%
Selling General and Administrative
797.99M
Prev Year: 780.59M
YoY: +2.2%
Operating Income
736.26M
Prev Year: 692.32M
YoY: +6.3%
Net Non Operating Interest Income Expense
-51.56M
Prev Year: -42.79M
YoY: -20.5%
Non-operating Interest Expense
51.56M
Prev Year: 42.79M
YoY: +20.5%
Non-operating Interest Income
-
Other Income Expense
-9.25M
Prev Year: -55.39M
YoY: +83.3%
Special Income Charges
-18.20M
Prev Year: -55.86M
YoY: +67.4%
Restructuring and Mergers Acquisition
18.20M
Prev Year: 55.86M
YoY: -67.4%
Other Non-operating Income (expense)
7.00M
Prev Year: 238.0K
YoY: +2842.9%
Pre-tax Income
675.45M
Prev Year: 594.15M
YoY: +13.7%
Provision for Income Taxes
154.92M
Prev Year: 128.04M
YoY: +21.0%
Net Income Common Stockholders
520.53M
Prev Year: 466.11M
YoY: +11.7%
Net Income
520.53M
Prev Year: 466.11M
YoY: +11.7%
Net Income Including Non-Controlling Interests
520.53M
Prev Year: 466.11M
YoY: +11.7%
Net Income from Continuing Operations
520.53M
Prev Year: 466.11M
YoY: +11.7%
Diluted NI Available to Com Stockholders
520.53M
Prev Year: 466.11M
YoY: +11.7%
Basic EPS
9.39
Prev Year: 8.23
YoY: +14.1%
Diluted EPS
9.32
Prev Year: 8.15
YoY: +14.4%
Weighted Average Shares (basic)
55.41M
Prev Year: 56.64M
YoY: -2.2%
Weighted Average Shares (diluted)
55.88M
Prev Year: 57.19M
YoY: -2.3%
Total Expenses
3.50B
Prev Year: 3.32B
YoY: +5.4%
Net Income from Continuing and Discontinued Operation
520.53M
Prev Year: 466.11M
YoY: +11.7%
Normalized Income
534.56M
Prev Year: 509.90M
YoY: +4.8%
Interest Expense
51.56M
Prev Year: 42.79M
YoY: +20.5%
Net Interest Income
-51.56M
Prev Year: -42.79M
YoY: -20.5%
Interest Income
-
EBIT
727.01M
Prev Year: 636.93M
YoY: +14.1%
EBITDA
825.56M
Prev Year: 725.17M
YoY: +13.8%
Reconciled Cost of Revenue
2.70B
Prev Year: 2.54B
YoY: +6.4%
Reconciled Depreciation
98.55M
Prev Year: 88.24M
YoY: +11.7%
Net Income from Continuing Operation Net Minority Interest
520.53M
Prev Year: 466.11M
YoY: +11.7%
Total Unusual Items Excluding Goodwill
-18.20M
Prev Year: -55.86M
YoY: +67.4%
Values in USD

Lincoln Electric key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$4.2B$4.0B$4.2B$3.8B$3.2B
Gross profit$1.5B$1.5B$1.5B$1.3B$1.1B
Operating income$736.3M$692.3M$706.5M$624.1M$471.5M
Net income$520.5M$466.1M$545.2M$472.2M$276.6M
Diluted EPS$9.32$8.15$9.37$8.04$4.60
Total assets$3.8B$3.5B$3.4B$3.2B$2.6B
Total liabilities$2.3B$2.2B$2.1B$2.1B$1.7B
Shareholders' equity$1.5B$1.3B$1.3B$1.0B$864.1M
Cash and short-term investments$308.8M$377.3M$393.8M$197.2M$193.0M
Total debt$1.3B$1.3B$1.1B$1.2B$769.8M
Operating cash flow$661.2M$599.0M$667.5M$383.4M$365.1M
Capital spending$127.0M$116.6M$91.0M$71.9M$62.5M
Free cash flow$534.2M$482.4M$576.6M$311.5M$302.5M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Lincoln Electric's revenue in fiscal year 2025?

$4.23 billion, up 5.6% from $4.01 billion in fiscal year 2024.

How much profit does Lincoln Electric make?

Lincoln Electric reported net income of $520.53 million for fiscal year 2025 (12.3% of revenue); operating income was $736.26 million.

How much cash and debt does Lincoln Electric have?

At the end of fiscal year 2025: cash and short-term investments of $308.79 million and total debt of $1.29 billion.

What is Lincoln Electric's free cash flow?

$534.20 million in fiscal year 2025 (operating cash flow of $661.17 million minus capital spending of $126.97 million).

MoreLincoln Electric stock overviewLincoln Electric executive teamLincoln Electric shareholdersLincoln Electric revenue by segment
RelatedWelding and Soldering Equipment Manufacturing industryManufacturing sectorEsab (ESAB)Kennametal (KMT)Hurco Companies (HURC)Bonal International (BONL)
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
© 2026 DataPorium. All rights reserved.|About & MethodologyPrivacy PolicyTerms of Use
LinkedInLinkedInXXYouTubeYouTube