Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026)
Lincoln Electric Holdings (LECO) reported Net Margin of 12.16% for Q1 2026, up 36.0% on a YoY basis from 8.94% in Q1 2025, and up 144.42% quarter-over-quarter from 27.38% in Q4 2025.
Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings has reported Net Margin for 18 years, with the latest figure at 12.16% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 36.0% year-over-year to 12.16%; the trailing twelve-month figure through Mar 2026 stood at 2.46% (down 898.0% YoY), and the FY2025 full-year result was 2.11%, down 952.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.16%, up from 27.38% in the prior quarter.
- The five-year high for Net Margin was 13.72% in Q4 2024, with the low at 27.38% in Q4 2025.
- Historically, Net Margin has averaged 7.59% across 5 years, with a median of 12.16% in 2026.
- Annual changes were most pronounced in 2023 — Net Margin jumped 3947 bps — and 2025, when it tumbled 4110 bps.
- Lincoln Electric Holdings' Net Margin stood at 26.92% in 2022, then soared by 147 bps to 12.54% in 2023, then advanced by 9 bps to 13.72% in 2024, then plunged by 300 bps to 27.38% in 2025, then jumped by 144 bps to 12.16% in 2026.
- The last three Net Margin figures came in at 12.16% (Q1 2026), 27.38% (Q4 2025), and 11.56% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.71 Bn | 17.98 Bn | 223.10 Mn | 19.38% |
| 2 | RBC Bearings | 18.58 Bn | 18.52 Bn | 230.00 Mn | 17.70% |
| 3 | Lincoln Electric Holdings | 14.37 Bn | 14.06 Bn | 399.13 Mn | 12.16% |
| 4 | Stanley Black & Decker | 11.91 Bn | 11.58 Bn | 1.16 Bn | 1.55% |
| 5 | Timken | 9.17 Bn | 9.33 Bn | 394.00 Mn | 8.60% |
| 6 | Toro | 8.55 Bn | 8.36 Bn | 336.50 Mn | 6.55% |
| 7 | Kennametal | 2.49 Bn | 2.42 Bn | 207.98 Mn | 10.31% |
| 8 | Hillman Solutions | 1.44 Bn | 1.41 Bn | 168.58 Mn | -1.28% |
| 9 | Eastern | 129.83 Mn | 121.67 Mn | 11.93 Mn | - |
| 10 | Chicago Rivet & Machine | 9.85 Mn | 8.40 Mn | 958,459.00 | -5.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.16% |
| Dec 31, 2025 | -27.38% |
| Sep 30, 2025 | 11.56% |
| Jun 30, 2025 | 13.17% |
| Mar 31, 2025 | 11.80% |
| Dec 31, 2024 | 13.72% |
| Sep 30, 2024 | 10.24% |
| Jun 30, 2024 | 9.95% |
| Mar 31, 2024 | 12.58% |
| Dec 31, 2023 | 12.54% |
| Sep 30, 2023 | 12.52% |
| Jun 30, 2023 | 12.95% |
| Mar 31, 2023 | 11.73% |
| Dec 31, 2022 | -26.92% |
| Sep 30, 2022 | 11.68% |
| Jun 30, 2022 | 13.18% |
| Mar 31, 2022 | 13.62% |
| Dec 31, 2021 | -12.71% |
| Sep 30, 2021 | 3.94% |
| Jun 30, 2021 | 11.65% |