Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026)
Lincoln Electric Holdings (LECO) posted Net Margin of 12.16% for Q1 2026, up 158.75% on a QoQ basis from 20.7% in Q4 2025, and up 36.0% year-over-year from 8.94% in Q1 2025.
Lincoln Electric Holdings (LECO) Net Margin (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings' Net Margin history runs 18 years deep, the most recent figure standing at 12.16% for Q1 2026.
- Quarterly Net Margin rose 36.0% year-over-year to 12.16% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.12% (down 630.0% YoY) and the FY2025 annual result came in at 3.81%, down 679.0% from the prior year.
- Net Margin was 12.16% for Q1 2026 at Lincoln Electric Holdings, up from 20.7% in the prior quarter.
- Across five years, Net Margin topped out at 13.62% in Q1 2022 and bottomed at 20.7% in Q4 2025.
- A 5-year average of 10.02% and a median of 11.8% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin surged 774 bps — and 2025, when it sank 3040 bps.
- Lincoln Electric Holdings' Net Margin stood at 11.72% in 2022, then gained by 7 bps to 12.54% in 2023, then fell by 23 bps to 9.7% in 2024, then slumped by 313 bps to 20.7% in 2025, then jumped by 159 bps to 12.16% in 2026.
- Business Quant data shows LECO's Net Margin at 12.16% in Q1 2026, 20.7% in Q4 2025, and 11.56% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.52 Bn | 18.79 Bn | 635.20 Mn | 19.94% |
| 2 | RBC Bearings | 18.73 Bn | 18.68 Bn | 230.00 Mn | 17.70% |
| 3 | Lincoln Electric Holdings | 13.73 Bn | 13.43 Bn | 399.13 Mn | 12.16% |
| 4 | Stanley Black & Decker | 13.27 Bn | 12.93 Bn | 1.16 Bn | 1.55% |
| 5 | Timken | 9.80 Bn | 9.96 Bn | 394.00 Mn | 8.60% |
| 6 | Toro | 8.88 Bn | 8.69 Bn | 336.50 Mn | 6.55% |
| 7 | Kennametal | 2.66 Bn | 2.59 Bn | 207.98 Mn | 10.31% |
| 8 | Hillman Solutions | 1.55 Bn | 1.52 Bn | 168.58 Mn | -1.28% |
| 9 | Eastern | 147.40 Mn | 139.23 Mn | 11.93 Mn | - |
| 10 | Chicago Rivet & Machine | 9.81 Mn | 8.36 Mn | 958,459.00 | -5.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.16% |
| Dec 31, 2025 | -20.70% |
| 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 | 12.54% |
| Sep 30, 2023 | 12.52% |
| Jun 30, 2023 | 12.95% |
| Mar 31, 2023 | 11.73% |
| Dec 31, 2022 | 11.72% |
| Sep 30, 2022 | 11.68% |
| Jun 30, 2022 | 13.18% |
| Mar 31, 2022 | 13.62% |
| Dec 31, 2021 | 5.25% |
| Sep 30, 2021 | 3.94% |
| Jun 30, 2021 | 11.65% |