Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026)
Lincoln Electric Holdings (LECO) posted Tax Rate of 21.33% for Q1 2026, down 38.44% on a QoQ basis from 34.65% in Q4 2025, and down 135.0% year-over-year from 60.94% in Q1 2025.
Lincoln Electric Holdings (LECO) Tax Rate (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings' Tax Rate history runs 18 years deep, the most recent figure standing at 21.33% for Q1 2026.
- Quarterly Tax Rate fell 135.0% year-over-year to 21.33% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.17% (down 2750.0% YoY) and the FY2025 annual result came in at 0.07%, down 2854.0% from the prior year.
- Tax Rate was 21.33% for Q1 2026 at Lincoln Electric Holdings, down from 34.65% in the prior quarter.
- Across five years, Tax Rate topped out at 40.67% in Q4 2024 and bottomed at 19.6% in Q4 2022.
- A 5-year average of 24.39% and a median of 21.88% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate sank 1852 bps — and 2023, when it surged 1300 bps.
- Lincoln Electric Holdings' Tax Rate stood at 19.6% in 2022, then jumped by 66 bps to 32.61% in 2023, then gained by 25 bps to 40.67% in 2024, then fell by 15 bps to 34.65% in 2025, then plunged by 38 bps to 21.33% in 2026.
- Business Quant data shows LECO's Tax Rate at 21.33% in Q1 2026, 34.65% in Q4 2025, and 26.13% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.52 Bn | 18.79 Bn | 635.20 Mn | 21.52% |
| 2 | RBC Bearings | 18.73 Bn | 18.68 Bn | 230.00 Mn | 5.79% |
| 3 | Lincoln Electric Holdings | 13.73 Bn | 13.43 Bn | 399.13 Mn | 21.33% |
| 4 | Stanley Black & Decker | 13.27 Bn | 12.93 Bn | 1.16 Bn | 29.72% |
| 5 | Timken | 9.80 Bn | 9.96 Bn | 394.00 Mn | 25.89% |
| 6 | Toro | 8.88 Bn | 8.69 Bn | 336.50 Mn | 21.86% |
| 7 | Kennametal | 2.66 Bn | 2.59 Bn | 207.98 Mn | 23.32% |
| 8 | Hillman Solutions | 1.55 Bn | 1.52 Bn | 168.58 Mn | 18.29% |
| 9 | Eastern | 147.40 Mn | 139.23 Mn | 11.93 Mn | 21.01% |
| 10 | Chicago Rivet & Machine | 9.81 Mn | 8.36 Mn | 958,459.00 | 4.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | 40.67% |
| Sep 30, 2024 | 23.64% |
| Sep 30, 2024 | 23.64% |