Lincoln Electric Holdings LECO
NASDAQ LECO
$251.66 -19.86 (-7.31%)
As of: Sep 10, 2026 · 3:50 PM EDT

Lincoln Electric Holdings (LECO) Gross Margin (2009 - 2026)

Lincoln Electric Holdings' (LECO) quarterly Gross Margin came in at 36.81% in Q2 2026, down 44.0% on a YoY basis from 65.74% in Q2 2025, and up 3.43% quarter-over-quarter from 35.59% in Q1 2026.

Analysis

Lincoln Electric Holdings (LECO) Gross Margin (2009 - 2026) Analysis & Trends

Lincoln Electric Holdings (LECO) has reported Gross Margin for 18 consecutive years, with 36.81% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin fell 44.0% year-over-year to 36.81%; the trailing twelve-month figure through Jun 2026 stood at 35.96% (down 43.0% YoY), and the FY2025 full-year result was 36.25%, down 50.0% from the prior year.
  • Gross Margin advanced to 36.81% in Q2 2026 per LECO's latest filing, from 35.59% in the prior quarter.
  • Across five years, Gross Margin topped out at 37.57% in Q2 2024 and bottomed at 33.08% in Q4 2022.
  • Historically, Gross Margin has averaged 35.58% across 5 years, with a median of 35.61% in 2022.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 144 bps in 2023, then jumped 336 bps in 2024.
  • Over 5 years, Gross Margin stood at 33.08% in 2022, then gained by 6 bps to 35.05% in 2023, then rose by 3 bps to 36.07% in 2024, then decreased by 4 bps to 34.67% in 2025, then climbed by 6 bps to 36.81% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 36.81%, 35.59%, and 34.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Snap-on 19.41 Bn 17.77 Bn 635.20 Mn 47.59%
2 Lincoln Electric Holdings 13.72 Bn 13.48 Bn 449.00 Mn 36.81%
3 Stanley Black & Decker 13.34 Bn 12.75 Bn 1.31 Bn 32.97%
4 Vontier 4.37 Bn 4.10 Bn 365.00 Mn 48.24%
5 Esab 4.24 Bn 4.02 Bn 307.21 Mn 38.04%
6 Brady 4.06 Bn 3.87 Bn 231.13 Mn 52.90%
7 Kennametal 2.23 Bn 2.14 Bn 433.56 Mn 58.86%
8 Enerpac Tool 1.82 Bn 1.71 Bn 88.78 Mn 52.99%
9 MSA Safety 1.45 Bn 1.25 Bn 249.29 Mn 49.53%
10 Lakeland Industries 94.97 Mn 77.55 Mn 14.89 Mn 31.39%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 36.81%
Mar 31, 2026 35.59%
Dec 31, 2025 34.67%
Sep 30, 2025 36.68%
Jun 30, 2025 37.25%
Mar 31, 2025 36.39%
Dec 31, 2024 36.07%
Sep 30, 2024 35.79%
Jun 30, 2024 37.57%
Mar 31, 2024 37.55%
Dec 31, 2023 35.05%
Sep 30, 2023 35.39%
Jun 30, 2023 35.21%
Mar 31, 2023 34.19%
Dec 31, 2022 33.08%
Sep 30, 2022 33.10%
Jun 30, 2022 34.39%
Mar 31, 2022 35.63%
Dec 31, 2021 32.30%
Sep 30, 2021 33.25%