Lincoln Electric Holdings (LECO) Operating Margin (2009 - 2026)
Lincoln Electric Holdings' (LECO) quarterly Operating Margin came in at 18.09% in Q2 2026, up 44.0% YoY from 12.56% in Q2 2025, and up 8.98% on a QoQ basis from 16.6% in Q1 2026.
Lincoln Electric Holdings (LECO) Operating Margin (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has 18 years of Operating Margin data on file, last reported at 18.09% in Q2 2026.
- Quarterly Operating Margin rose 44.0% year-over-year to 18.09% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 17.13% (up 55.0% YoY) and the FY2025 annual result came in at 16.96%, up 109.0% from the prior year.
- Operating Margin climbed to 18.09% in Q2 2026, from 16.6% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 18.17% in Q4 2023 to a low of 14.44% in Q4 2022.
- A 5-year average of 16.65% and a median of 16.75% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 419 bps — and 2024, when it slumped 285 bps.
- Tracing LECO's Operating Margin over 5 years: stood at 14.44% in 2022, then grew by 26 bps to 18.17% in 2023, then dropped by 5 bps to 17.32% in 2024, then fell by 1 bps to 17.09% in 2025, then grew by 6 bps to 18.09% in 2026.
- The last three Operating Margin figures came in at 18.09% (Q2 2026), 16.6% (Q1 2026), and 17.09% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.25 Bn | 18.60 Bn | 635.20 Mn | 25.20% |
| 2 | RBC Bearings | 15.94 Bn | 15.81 Bn | 247.80 Mn | 27.10% |
| 3 | Lincoln Electric Holdings | 15.14 Bn | 14.90 Bn | 449.00 Mn | 18.09% |
| 4 | Stanley Black & Decker | 14.83 Bn | 14.24 Bn | 1.31 Bn | -54.43% |
| 5 | Toro | 9.43 Bn | 9.25 Bn | 482.70 Mn | 13.69% |
| 6 | Timken | 8.64 Bn | 8.24 Bn | 399.30 Mn | 6.73% |
| 7 | Kennametal | 2.27 Bn | 2.17 Bn | 433.56 Mn | 41.12% |
| 8 | Hillman Solutions | 1.63 Bn | 1.59 Bn | 208.09 Mn | 9.26% |
| 9 | Eastern | 151.10 Mn | 135.96 Mn | - | - |
| 10 | Chicago Rivet & Machine | 9.59 Mn | 8.82 Mn | 563,312.00 | -14.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.09% |
| Mar 31, 2026 | 16.60% |
| Dec 31, 2025 | 17.09% |
| Sep 30, 2025 | 16.65% |
| Jun 30, 2025 | 17.65% |
| Mar 31, 2025 | 16.42% |
| Dec 31, 2024 | 17.32% |
| Sep 30, 2024 | 14.80% |
| Jun 30, 2024 | 14.57% |
| Mar 31, 2024 | 16.82% |
| Dec 31, 2023 | 18.17% |
| Sep 30, 2023 | 16.59% |
| Jun 30, 2023 | 16.78% |
| Mar 31, 2023 | 15.81% |
| Dec 31, 2022 | 14.44% |
| Sep 30, 2022 | 15.19% |
| Jun 30, 2022 | 17.16% |
| Mar 31, 2022 | 17.42% |
| Dec 31, 2021 | 14.26% |
| Sep 30, 2021 | 14.33% |