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% YoY from 65.74% in Q2 2025, and up 3.43% on a QoQ basis from 35.59% in Q1 2026.
Lincoln Electric Holdings (LECO) Gross Margin (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has 18 years of Gross Margin data on file, last reported at 36.81% in Q2 2026.
- Quarterly Gross Margin fell 44.0% year-over-year to 36.81% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 35.96% (down 43.0% YoY) and the FY2025 annual result came in at 36.25%, down 50.0% from the prior year.
- Gross Margin improved to 36.81% in Q2 2026, from 35.59% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.57% in Q2 2024 to a low of 33.08% in Q4 2022.
- A 5-year average of 35.58% and a median of 35.61% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 144 bps — and 2024, when it soared 336 bps.
- Tracing LECO's Gross Margin over 5 years: stood at 33.08% in 2022, then increased by 6 bps to 35.05% in 2023, then grew by 3 bps to 36.07% in 2024, then fell by 4 bps to 34.67% in 2025, then gained by 6 bps to 36.81% in 2026.
- The last three Gross Margin figures came in at 36.81% (Q2 2026), 35.59% (Q1 2026), and 34.67% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.25 Bn | 18.60 Bn | 635.20 Mn | 47.59% |
| 2 | RBC Bearings | 15.94 Bn | 15.81 Bn | 247.80 Mn | 47.70% |
| 3 | Lincoln Electric Holdings | 15.14 Bn | 14.90 Bn | 449.00 Mn | 36.81% |
| 4 | Stanley Black & Decker | 14.83 Bn | 14.24 Bn | 1.31 Bn | 32.97% |
| 5 | Toro | 9.43 Bn | 9.25 Bn | 482.70 Mn | 33.88% |
| 6 | Timken | 8.64 Bn | 8.24 Bn | 399.30 Mn | 31.67% |
| 7 | Kennametal | 2.27 Bn | 2.17 Bn | 433.56 Mn | 58.86% |
| 8 | Hillman Solutions | 1.63 Bn | 1.59 Bn | 208.09 Mn | 47.05% |
| 9 | Eastern | 151.10 Mn | 135.96 Mn | - | - |
| 10 | Chicago Rivet & Machine | 9.59 Mn | 8.82 Mn | 563,312.00 | 7.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |