Lincoln Electric Holdings (LECO) Operating Expenses (2009 - 2026)
Lincoln Electric Holdings (LECO) reported Operating Expenses of $213.0 million for Q1 2026, up 6.21% on a YoY basis from $200.5 million in Q1 2025, and up 12.32% quarter-over-quarter from $189.6 million in Q4 2025.
Lincoln Electric Holdings (LECO) Operating Expenses (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings has reported Operating Expenses for 18 years, with the latest figure at $213.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 6.21% year-over-year to $213.0 million; the trailing twelve-month figure through Mar 2026 stood at $828.6 million (down 0.6% YoY), and the FY2025 full-year result was $816.2 million, down 2.42% from the prior year.
- Operating Expenses for Q1 2026 stood at $213.0 million, up from $189.6 million in the prior quarter.
- The five-year high for Operating Expenses was $235.0 million in Q2 2024, with the low at $165.9 million in Q2 2022.
- Historically, Operating Expenses has averaged $193.0 million across 5 years, with a median of $194.2 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses gained 20.24% — and 2025, when it slipped 9.18%.
- Lincoln Electric Holdings' Operating Expenses stood at $166.5 million in 2022, then climbed by 0.3% to $167.0 million in 2023, then grew by 14.73% to $191.6 million in 2024, then retreated by 1.04% to $189.6 million in 2025, then gained by 12.32% to $213.0 million in 2026.
- The last three Operating Expenses figures came in at $213.0 million (Q1 2026), $189.6 million (Q4 2025), and $212.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.71 Bn | 17.98 Bn | 223.10 Mn | 362.00 Mn |
| 2 | RBC Bearings | 18.58 Bn | 18.52 Bn | 230.00 Mn | 110.90 Mn |
| 3 | Lincoln Electric Holdings | 14.37 Bn | 14.06 Bn | 399.13 Mn | 212.97 Mn |
| 4 | Stanley Black & Decker | 11.91 Bn | 11.58 Bn | 1.16 Bn | 3.76 Bn |
| 5 | Timken | 9.17 Bn | 9.33 Bn | 394.00 Mn | 204.80 Mn |
| 6 | Toro | 8.55 Bn | 8.36 Bn | 336.50 Mn | 249.40 Mn |
| 7 | Kennametal | 2.49 Bn | 2.42 Bn | 207.98 Mn | 124.05 Mn |
| 8 | Hillman Solutions | 1.44 Bn | 1.41 Bn | 168.58 Mn | 146.57 Mn |
| 9 | Eastern | 129.83 Mn | 121.67 Mn | 11.93 Mn | 10.60 Mn |
| 10 | Chicago Rivet & Machine | 9.85 Mn | 8.40 Mn | 958,459.00 | 1.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 212.97 Mn |
| Dec 31, 2025 | 189.61 Mn |
| Sep 30, 2025 | 212.65 Mn |
| Jun 30, 2025 | 213.40 Mn |
| Mar 31, 2025 | 200.53 Mn |
| Dec 31, 2024 | 191.61 Mn |
| Sep 30, 2024 | 206.52 Mn |
| Jun 30, 2024 | 234.98 Mn |
| Mar 31, 2024 | 203.35 Mn |
| Dec 31, 2023 | 167.00 Mn |
| Sep 30, 2023 | 194.19 Mn |
| Jun 30, 2023 | 195.42 Mn |
| Mar 31, 2023 | 190.99 Mn |
| Dec 31, 2022 | 166.50 Mn |
| Sep 30, 2022 | 167.41 Mn |
| Jun 30, 2022 | 165.95 Mn |
| Mar 31, 2022 | 168.57 Mn |
| Dec 31, 2021 | 152.31 Mn |
| Sep 30, 2021 | 152.60 Mn |
| Jun 30, 2021 | 152.19 Mn |