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% YoY from 8.27% in Q2 2025, and up 11.34% on a QoQ basis from 21.33% in Q1 2026.
Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has 18 years of Tax Rate data on file, last reported at 23.75% in Q2 2026.
- Quarterly Tax Rate rose 187.0% year-over-year to 23.75% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.11% (down 427.0% YoY) and the FY2025 annual result came in at 22.94%, down 554.0% from the prior year.
- Tax Rate improved to 23.75% in Q2 2026, from 21.33% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 55.3% in Q4 2022 to a low of 19.88% in Q3 2023.
- A 5-year average of 25.59% and a median of 22.02% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 1718 bps — and 2023, when it tumbled 2269 bps.
- Tracing LECO's Tax Rate over 5 years: stood at 55.3% in 2022, then tumbled by 41 bps to 32.61% in 2023, then increased by 25 bps to 40.67% in 2024, then slumped by 48 bps to 21.22% in 2025, then advanced by 12 bps to 23.75% in 2026.
- The last three Tax Rate figures came in at 23.75% (Q2 2026), 21.33% (Q1 2026), and 21.22% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.25 Bn | 18.60 Bn | 635.20 Mn | 21.52% |
| 2 | RBC Bearings | 15.94 Bn | 15.81 Bn | 247.80 Mn | 22.04% |
| 3 | Lincoln Electric Holdings | 15.14 Bn | 14.90 Bn | 449.00 Mn | 23.75% |
| 4 | Stanley Black & Decker | 14.83 Bn | 14.24 Bn | 1.31 Bn | 29.60% |
| 5 | Toro | 9.43 Bn | 9.25 Bn | 482.70 Mn | 20.72% |
| 6 | Timken | 8.64 Bn | 8.24 Bn | 399.30 Mn | 35.75% |
| 7 | Kennametal | 2.27 Bn | 2.17 Bn | 433.56 Mn | 23.32% |
| 8 | Hillman Solutions | 1.63 Bn | 1.59 Bn | 208.09 Mn | 24.28% |
| 9 | Eastern | 151.10 Mn | 135.96 Mn | - | - |
| 10 | Chicago Rivet & Machine | 9.59 Mn | 8.82 Mn | 563,312.00 | -1.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.75% |
| Jun 30, 2026 | 23.75% |
| Jun 30, 2026 | 23.75% |
| Mar 31, 2026 | 21.33% |
| Mar 31, 2026 | 21.33% |
| Mar 31, 2026 | 21.33% |
| Dec 31, 2025 | 34.65% |
| Dec 31, 2025 | 34.65% |
| Dec 31, 2025 | 34.65% |
| Sep 30, 2025 | 26.13% |
| Sep 30, 2025 | 26.13% |
| Sep 30, 2025 | 26.13% |
| Jun 30, 2025 | 21.88% |
| Jun 30, 2025 | 21.88% |
| Jun 30, 2025 | 21.88% |
| Mar 31, 2025 | 22.68% |
| Mar 31, 2025 | 22.68% |
| Mar 31, 2025 | 22.68% |
| Dec 31, 2024 | 40.67% |
| Dec 31, 2024 | 40.67% |