Lincoln Electric Holdings, Inc. (LECO) — Financial statements
Income statement, balance sheet, and cash flow for Lincoln Electric Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,231↑5.5% | 4,009↓4.4% | 4,192↑11.4% | 3,761↑16.3% | 3,234 | |
| Cost of Revenue | 2,695↑6.5% | 2,531↓6.8% | 2,714↑9.4% | 2,480↑14.5% | 2,166 | |
| Gross Profit | 1,536↑3.9% | 1,478↑0.0% | 1,478↑15.4% | 1,281↑19.9% | 1,069 | |
| Operating Expenses | ||||||
| R&D Expenses | 86↑4.6% | 82↑14.9% | 71↑12.7% | 63↑12.9% | 56 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 735↑7.5% | 684↓2.8% | 704↑19.8% | 588↑40.4% | 419 | |
| Other Expenses | 0.00↓100.0% | 76↑604.3% | -15↓184.9% | 18↓86.6% | 132 | |
| Operating Expenses | 821↓2.5% | 841↑10.7% | 760↑13.7% | 668↑10.1% | 607 | |
| Total Costs & Expenses | 3,516↑4.3% | 3,372↓2.9% | 3,474↑10.3% | 3,149↑13.6% | 2,773 | |
| Operating Results | ||||||
| Operating Income | 715↑12.3% | 636↓11.3% | 718↑17.2% | 612↑32.6% | 462 | |
| Depreciation & Amortization | 99↑11.7% | 88↑1.8% | 87↑11.0% | 78↓3.8% | 81 | |
| EBITDA | 813↑1.6% | 801↑1.4% | 789↑11.5% | 708↑4.9% | 675 | |
| EBIT | 715↑0.4% | 712↑1.3% | 703↑11.5% | 630↑6.1% | 594 | |
| Interest & Other Income | ||||||
| Net Interest Income | -54↓26.9% | -43↑3.6% | -44↓50.4% | -30↓32.8% | -22 | |
| Interest Income | 7 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 61↑42.9% | 43↓3.6% | 44↑50.4% | 30↑32.8% | 22 | |
| Non-Operating Income | 0.00↑100.0% | -76↓604.3% | 15↑184.9% | -18↑86.6% | -132 | |
| Other Income / Expenses | -40↑6.6% | -42↓36.6% | -31↓58.8% | -20↑85.7% | -137 | |
| Income Before Tax | 675↑13.7% | 594↓13.5% | 687↑15.9% | 593↑82.4% | 325 | |
| Income Tax Expense | 155↑21.0% | 128↓9.6% | 142↑17.4% | 121↑149.1% | 48 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 521↑11.7% | 466↓14.5% | 545↑15.5% | 472↑70.7% | 277 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 521↑11.7% | 466↓14.5% | 545↑15.5% | 472↑70.7% | 277 | |
| Bottom-Line Net Income | 521↑11.7% | 466↓14.5% | 545↑15.5% | 472↑70.8% | 276 | |
| EPS (Basic) | 9.39↑14.1% | 8.23↓13.5% | 9.51↑16.8% | 8.14↑74.7% | 4.66 | |
| EPS (Diluted) | 9.32↑14.4% | 8.15↓13.0% | 9.37↑16.5% | 8.04↑74.8% | 4.60 | |
| Weighted Average Shares | 55↓2.2% | 57↓1.3% | 57↓1.1% | 58↓2.2% | 59 | |
| Weighted Average Diluted Shares | 56↓2.3% | 57↓1.8% | 58↓0.9% | 59↓2.2% | 60 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.