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.
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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 | 19.31 Bn | 17.66 Bn | 635.20 Mn | 47.59% |
| 2 | Lincoln Electric Holdings | 13.65 Bn | 13.41 Bn | 449.00 Mn | 36.81% |
| 3 | Stanley Black & Decker | 13.25 Bn | 12.66 Bn | 1.31 Bn | 32.97% |
| 4 | Vontier | 4.37 Bn | 4.10 Bn | 365.00 Mn | 48.24% |
| 5 | Esab | 4.22 Bn | 4.00 Bn | 307.21 Mn | 38.04% |
| 6 | Brady | 4.04 Bn | 3.85 Bn | 231.13 Mn | 52.90% |
| 7 | Kennametal | 2.22 Bn | 2.13 Bn | 433.56 Mn | 58.86% |
| 8 | Enerpac Tool | 1.81 Bn | 1.70 Bn | 88.78 Mn | 52.99% |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 49.53% |
| 10 | Lakeland Industries | 89.15 Mn | 71.73 Mn | 14.89 Mn | 31.39% |
Historic Data
Download Data
Historic 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% |