Lincoln Electric Holdings (LECO) Operating Margin (2009 - 2026)

Lincoln Electric Holdings (LECO) has reported Operating Margin for 18 consecutive years, with 18.09% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 44.0% year-over-year to 18.09%; the trailing twelve-month figure through Jun 2026 stood at 17.13% (up 55.0% YoY), and the FY2025 full-year result was 16.96%, up 109.0% from the prior year.
• Operating Margin grew to 18.09% in Q2 2026 per LECO's latest filing, from 16.6% in the prior quarter.
• Across five years, Operating Margin topped out at 19.28% in Q4 2023 and bottomed at 14.57% in Q2 2024.
• Historically, Operating Margin has averaged 16.64% across 5 years, with a median of 16.72% in 2025.
• The sharpest annual moves came in 2023 and 2024: Operating Margin soared 408 bps in 2023, then tumbled 222 bps in 2024.
• Over 5 years, Operating Margin stood at 15.2% in 2022, then increased by 27 bps to 19.28% in 2023, then declined by 10 bps to 17.32% in 2024, then decreased by 1 bps to 17.09% in 2025, then rose by 6 bps to 18.09% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 18.09%, 16.6%, and 17.09% for Q2 2026, Q1 2026, and Q4 2025 respectively.