Lincoln Electric Holdings LECO
NASDAQ LECO
$251.06 -20.46 (-7.54%)
As of: Sep 10, 2026 · 3:59 PM EDT

Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026)

Lincoln Electric Holdings' (LECO) quarterly Tax Rate came in at 23.75% in Q2 2026, up 187.0% on a YoY basis from 8.27% in Q2 2025, and up 11.34% quarter-over-quarter from 21.33% in Q1 2026.

Analysis

Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026) Analysis & Trends

Lincoln Electric Holdings (LECO) has reported Tax Rate for 18 consecutive years, with 23.75% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Tax Rate rose 187.0% year-over-year to 23.75%; the trailing twelve-month figure through Jun 2026 stood at 23.11% (down 427.0% YoY), and the FY2025 full-year result was 22.94%, down 554.0% from the prior year.
  • Tax Rate advanced to 23.75% in Q2 2026 per LECO's latest filing, from 21.33% in the prior quarter.
  • Across five years, Tax Rate topped out at 65.34% in Q4 2022 and bottomed at 18.63% in Q3 2023.
  • Historically, Tax Rate has averaged 26.16% across 5 years, with a median of 22.02% in 2025.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate jumped 2993 bps in 2022, then slumped 2552 bps in 2023.
  • Over 5 years, Tax Rate stood at 65.34% in 2022, then sank by 39 bps to 39.82% in 2023, then grew by 2 bps to 40.67% in 2024, then plunged by 48 bps to 21.22% in 2025, then grew by 12 bps to 23.75% in 2026.
  • According to Business Quant data, Tax Rate over the past three periods registered 23.75%, 21.33%, and 21.22% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Snap-on 19.39 Bn 17.75 Bn 635.20 Mn 21.52%
2 Lincoln Electric Holdings 13.73 Bn 13.49 Bn 449.00 Mn 23.75%
3 Stanley Black & Decker 13.39 Bn 12.80 Bn 1.31 Bn 29.60%
4 Vontier 4.36 Bn 4.10 Bn 365.00 Mn 37.44%
5 Esab 4.25 Bn 4.03 Bn 307.21 Mn 24.33%
6 Brady 4.06 Bn 3.87 Bn 231.13 Mn 17.95%
7 Kennametal 2.23 Bn 2.13 Bn 433.56 Mn 23.32%
8 Enerpac Tool 1.82 Bn 1.70 Bn 88.78 Mn 22.99%
9 MSA Safety 1.45 Bn 1.25 Bn 249.29 Mn 22.62%
10 Lakeland Industries 94.73 Mn 77.31 Mn 14.89 Mn 78.47%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.75%
Mar 31, 2026 21.33%
Dec 31, 2025 21.22%
Sep 30, 2025 26.13%
Jun 30, 2025 21.88%
Mar 31, 2025 22.68%
Dec 31, 2024 40.67%
Sep 30, 2024 23.64%
Jun 30, 2024 25.56%
Mar 31, 2024 22.15%
Dec 31, 2023 39.82%
Sep 30, 2023 18.63%
Jun 30, 2023 19.34%
Mar 31, 2023 19.82%
Dec 31, 2022 65.34%
Sep 30, 2022 19.40%
Jun 30, 2022 19.30%
Mar 31, 2022 20.27%
Dec 31, 2021 35.41%
Sep 30, 2021 15.09%