Lincoln Electric Holdings (LECO) Operating Margin (2009 - 2026)
Lincoln Electric Holdings (LECO) reported Operating Margin of 18.09% for Q2 2026, up 0.44 percentage points from 17.65% a year earlier and up 1.49 percentage points from the prior quarter.
Powered by 
Analysis
Lincoln Electric Holdings (LECO) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Lincoln Electric Holdings' Operating Margin came in at 17.13%, up 0.55 percentage points year-over-year; for FY2025, it was 16.96%, up 1.09 percentage points from FY2024.
- Operating Margin has a five-year change of +6.34 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 15.88% in FY2024 (-1.25 pp), 17.13% in FY2023 (+0.85 pp), 16.28% in FY2022 (+2.01 pp) and 14.27% in FY2021 (+3.65 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q4 2023.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of +0.15 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2023 (a gain of 4.08 percentage points); the low point was Q2 2024 (a drop of 2.22 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.60% (Q1 2026), 17.09% (Q4 2025) and 16.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 23.86% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.48% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 26.92% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 15.14% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 26.67% |
| 10 | Lincoln Electric Holdings | 14.42 Bn | 13.28 Bn | 449.00 Mn | 18.09% |
Historic Data
Download Data
Historic 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 | 19.28% |
| Sep 30, 2023 | 16.59% |
| Jun 30, 2023 | 16.78% |
| Mar 31, 2023 | 15.81% |
| Dec 31, 2022 | 15.20% |
| Sep 30, 2022 | 15.19% |
| Jun 30, 2022 | 17.28% |
| Mar 31, 2022 | 17.42% |
| Dec 31, 2021 | 14.26% |
| Sep 30, 2021 | 14.33% |
API Access
Lincoln Electric Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=LECO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "LECO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=LECO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();