Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026)
Lincoln Electric Holdings' (LECO) quarterly Net Margin came in at 13.0% in Q2 2026, down 17.0% on a YoY basis from 15.66% in Q2 2025, and up 6.87% quarter-over-quarter from 12.16% in Q1 2026.
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Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has reported Net Margin for 18 consecutive years, with 13.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 17.0% year-over-year to 13.0%; the trailing twelve-month figure through Jun 2026 stood at 12.35% (up 109.0% YoY), and the FY2025 full-year result was 12.3%, up 170.0% from the prior year.
- Net Margin climbed to 13.0% in Q2 2026 per LECO's latest filing, from 12.16% in the prior quarter.
- Across five years, Net Margin topped out at 14.29% in Q1 2022 and bottomed at 4.28% in Q4 2022.
- Historically, Net Margin has averaged 11.75% across 5 years, with a median of 12.57% in 2024.
- The sharpest annual moves came in 2022 and 2024: Net Margin jumped 791 bps in 2022, then sank 410 bps in 2024.
- Over 5 years, Net Margin stood at 4.28% in 2022, then soared by 114 bps to 9.17% in 2023, then rose by 6 bps to 9.7% in 2024, then jumped by 30 bps to 12.61% in 2025, then climbed by 3 bps to 13.0% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 13.0%, 12.16%, and 12.61% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.30 Bn | 17.65 Bn | 635.20 Mn | 19.94% |
| 2 | Lincoln Electric Holdings | 13.59 Bn | 13.35 Bn | 449.00 Mn | 13.00% |
| 3 | Stanley Black & Decker | 13.28 Bn | 12.69 Bn | 1.31 Bn | 8.87% |
| 4 | Vontier | 4.37 Bn | 4.10 Bn | 365.00 Mn | 3.62% |
| 5 | Esab | 4.25 Bn | 4.03 Bn | 307.21 Mn | 3.83% |
| 6 | Brady | 4.03 Bn | 3.85 Bn | 231.13 Mn | 10.44% |
| 7 | Kennametal | 2.22 Bn | 2.13 Bn | 433.56 Mn | 31.15% |
| 8 | Enerpac Tool | 1.81 Bn | 1.70 Bn | 88.78 Mn | 17.78% |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 17.12% |
| 10 | Lakeland Industries | 88.27 Mn | 70.85 Mn | 14.89 Mn | 0.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.00% |
| Mar 31, 2026 | 12.16% |
| Dec 31, 2025 | 12.61% |
| Sep 30, 2025 | 11.56% |
| Jun 30, 2025 | 13.17% |
| Mar 31, 2025 | 11.80% |
| Dec 31, 2024 | 9.70% |
| Sep 30, 2024 | 10.24% |
| Jun 30, 2024 | 9.95% |
| Mar 31, 2024 | 12.58% |
| Dec 31, 2023 | 9.17% |
| Sep 30, 2023 | 13.56% |
| Jun 30, 2023 | 14.05% |
| Mar 31, 2023 | 13.00% |
| Dec 31, 2022 | 4.28% |
| Sep 30, 2022 | 12.56% |
| Jun 30, 2022 | 13.85% |
| Mar 31, 2022 | 14.29% |
| Dec 31, 2021 | 5.89% |
| Sep 30, 2021 | 4.65% |