Lincoln Electric Holdings (LECO) Operating Expenses (2009 - 2026)
Lincoln Electric Holdings' (LECO) quarterly Operating Expenses came in at $228.4 million in Q2 2026, up 7.01% on a YoY basis from $213.4 million in Q2 2025, and up 7.22% quarter-over-quarter from $213.0 million in Q1 2026.
Analysis
Lincoln Electric Holdings (LECO) Operating Expenses (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has reported Operating Expenses for 18 consecutive years, with $228.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 7.01% year-over-year to $228.4 million; the trailing twelve-month figure through Jun 2026 stood at $843.6 million (up 3.88% YoY), and the FY2025 full-year result was $816.2 million, down 2.42% from the prior year.
- Operating Expenses advanced to $228.4 million in Q2 2026 per LECO's latest filing, from $213.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $235.0 million in Q2 2024 and bottomed at $165.9 million in Q2 2022.
- Historically, Operating Expenses has averaged $195.0 million across 5 years, with a median of $194.8 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses advanced 20.24% in 2024, then dropped 9.18% in 2025.
- Over 5 years, Operating Expenses stood at $166.5 million in 2022, then increased by 0.3% to $167.0 million in 2023, then rose by 14.73% to $191.6 million in 2024, then slipped by 1.04% to $189.6 million in 2025, then rose by 20.44% to $228.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $228.4 million, $213.0 million, and $189.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.36 Bn | 17.72 Bn | 635.20 Mn | 370.70 Mn |
| 2 | Lincoln Electric Holdings | 13.60 Bn | 13.35 Bn | 449.00 Mn | 228.35 Mn |
| 3 | Stanley Black & Decker | 13.35 Bn | 12.75 Bn | 1.31 Bn | 3.46 Bn |
| 4 | Vontier | 4.39 Bn | 4.13 Bn | 365.00 Mn | 202.70 Mn |
| 5 | Esab | 4.34 Bn | 4.13 Bn | 307.21 Mn | 228.49 Mn |
| 6 | Brady | 4.05 Bn | 3.86 Bn | 231.13 Mn | 171.02 Mn |
| 7 | Kennametal | 2.22 Bn | 2.13 Bn | 433.56 Mn | 128.29 Mn |
| 8 | Enerpac Tool | 1.83 Bn | 1.72 Bn | 88.78 Mn | 45.82 Mn |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 135.44 Mn |
| 10 | Lakeland Industries | 94.18 Mn | 76.76 Mn | 14.89 Mn | 19.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 228.35 Mn |
| 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 |