Lincoln Electric Holdings, Inc. (LECO)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2,655 | 3,234 | 3,761 | 4,192 | 4,009 | 4,231 | 4,478 | 4,706 |
| Operating profit | $m | 715 | 787 | ||||||
| Net profit | $m | 206 | 277 | 472 | 545 | 466 | 521 | 554 | 616 |
| EPS reported | $ | 9.32 | 10.01 | ||||||
| Operating cashflow per share | $ | 11.93 | 12.11 | ||||||
| Capex per share | $ | 2.29 | 2.66 | ||||||
| FCF per share | $ | 9.64 | 9.46 | ||||||
| Free cash flow | $m | 534 | 517 | ||||||
| Net debt | $m | 983 | 908 | ||||||
| Book value equity | $m | 1,470 | 1,554 | ||||||
| Book value per share | $ | 26.31 | 28.21 | ||||||
| Number of shares | m | 55.88 | 55.1 | ||||||
| DPS (TTM paid) | $ | 3.04 | 3.91 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 25.71 | 27.14 | ||||||
| P/B LTM | x | 9.03 | 8.54 | ||||||
| P/S LTM | x | 3.14 | 2.97 | ||||||
| P/FCF LTM | x | 24.86 | 25.69 | ||||||
| EV/EBITDA LTM | x | 17.08 | 16.07 | ||||||
| EV/Sales LTM | x | 3.37 | 3.69 | ||||||
| Earnings Yield LTM | % | +3.89% | +3.68% | ||||||
| FCF Yield | % | +4.02% | +3.89% | ||||||
| Quality | |||||||||
| ROE | % | +35.42% | +37.21% | ||||||
| ROIC | % | +18.58% | +20.70% | ||||||
| Operating margin | % | +16.90% | +17.58% | ||||||
| Gross margin | % | +36.30% | +36.02% | ||||||
| FCF/Sales | % | +12.63% | +11.54% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +14.36% | +22.82% | ||||||
| Sales Growth YoY | % | +5.54% | +11.72% | ||||||
| Net Income Growth YoY | % | +11.68% | +18.76% | ||||||
| FCF Growth | % | +10.74% | +7.15% | ||||||
| Operating Profit Growth | % | +12.33% | +23.71% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.27% | +1.09% | ||||||
| Dividend Growth | % | +5.56% | +35.76% | ||||||
| Payout Ratio | % | +32.31% | +30.83% | ||||||
| FCF/Debt | x | 0.41 | 0.45 | ||||||
| Net Debt/EBITDA | x | 1.18 | 1.02 | ||||||
| EBIT/Net interest | x | 11.69 | 13.65 | ||||||
| Net debt/market cap | % | +9.73% | +7.36% | ||||||
| Net debt/Equity | x | 0.67 | 0.58 | ||||||
| Gross debt/equity | x | 0.88 | 0.74 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Lincoln Electric Holdings, Inc., an enterprise established in Cleveland, Ohio, in 1895, operates globally, focusing on the innovation, production, and sale of equipment and materials for welding, cutting, and brazing applications. The company is organized into three distinct divisions: Americas Welding, International Welding, and The Harris Products Group. Its extensive product portfolio encompasses a broad spectrum of welding machinery, including arc welding power sources, plasma cutters, wire feeding systems, automated robotic welding setups, comprehensive automation solutions, and fume extraction devices. Additionally, Lincoln Electric provides a variety of consumables such as electrodes, fluxes, various welding accessories, and specialized welding and fabrication materials. Beyond welding, the firm manufactures computer-controlled plasma and oxy-fuel cutting systems, along with regulators and torches essential for oxy-fuel welding, cutting, and brazing. It also supplies consumable alloys for the brazing and soldering markets. The company maintains a retail presence within the United States. Furthermore, it fabricates copper and aluminum headers, distributor assemblies, and manifolds specifically for the heating, ventilation, and air conditioning (HVAC) sector in both the U.S. and Mexico. Lincoln Electric serves a wide array of sectors, including general fabrication, energy and process, automotive and transportation, construction and infrastructure, heavy fabrication, shipbuilding, and maintenance and repair. Its offerings are distributed to end-users via direct sales, industrial distributors, retail channels, and independent agents.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Lincoln Electric Holdings, Inc. (LECO)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Lincoln Electric Holdings, Inc., an enterprise established in Cleveland, Ohio, in 1895, operates globally, focusing on the innovation, production, and sale of equipment and materials for welding, cutting, and brazing applications. The company is organized into three distinct divisions: Americas Welding, International Welding, and The Harris Products Group. Its extensive product portfolio encompasses a broad spectrum of welding machinery, including arc welding power sources, plasma cutters, wire feeding systems, automated robotic welding setups, comprehensive automation solutions, and fume extraction devices. Additionally, Lincoln Electric provides a variety of consumables such as electrodes, fluxes, various welding accessories, and specialized welding and fabrication materials. Beyond welding, the firm manufactures computer-controlled plasma and oxy-fuel cutting systems, along with regulators and torches essential for oxy-fuel welding, cutting, and brazing. It also supplies consumable alloys for the brazing and soldering markets. The company maintains a retail presence within the United States. Furthermore, it fabricates copper and aluminum headers, distributor assemblies, and manifolds specifically for the heating, ventilation, and air conditioning (HVAC) sector in both the U.S. and Mexico. Lincoln Electric serves a wide array of sectors, including general fabrication, energy and process, automotive and transportation, construction and infrastructure, heavy fabrication, shipbuilding, and maintenance and repair. Its offerings are distributed to end-users via direct sales, industrial distributors, retail channels, and independent agents.
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