Lincoln Electric Holdings (LECO) Gross Margin (2009 - 2026)
Lincoln Electric Holdings (LECO) posted Gross Margin of 36.81% for Q2 2026, down 0.44 percentage points from 37.25% a year earlier but up 1.22 percentage points from the prior quarter.
Powered by 
Analysis
Lincoln Electric Holdings (LECO) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Lincoln Electric Holdings was 35.96%, down 0.43 percentage points year-over-year; for FY2025, it was 36.25%, down 0.50 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +3.43 percentage points (FY2020 to FY2025).
- In prior years, Lincoln Electric Holdings' Gross Margin was 36.74% in FY2024 (+1.78 pp), 34.96% in FY2023 (+0.91 pp), 34.05% in FY2022 (+1.01 pp) and 33.04% in FY2021 (+0.23 pp).
- Quarterly Gross Margin has run from a low of 32.30% in Q4 2021 to a high of 37.57% in Q2 2024 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last three quarters, with an average year-over-year change of -0.22 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2024, with a gain of 3.36 percentage points; the weakest was Q1 2023, with a drop of 1.44 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 35.59% (Q1 2026), 34.67% (Q4 2025) and 36.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 44.13% |
| 10 | Lincoln Electric Holdings | 14.42 Bn | 13.28 Bn | 449.00 Mn | 36.81% |
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% |
API Access
Lincoln Electric Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LECO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LECO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LECO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();