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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |