Latest revenue
$1.12B
as of 2026-03-31
Latest net income
$136.4M
as of 2026-03-31
Net margin
12.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $14.43B
- Enterprise value
- $14.43B
- P/E (trailing)
- 27.7×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 1.2%
- 52-wk high
- $310.00
- 52-wk low
- $188.65
- Beta
- —
- Shares out
- 54.8M
5-year trend
What this company does
Lincoln Electric manufactures arc welding equipment, consumables like welding wire and electrodes, plasma cutting systems, and automation/robotic welding solutions for industrial customers. It generates revenue primarily by selling these products to manufacturers, construction firms, and energy companies globally, with nine-month 2020 sales of $1.96 billion. Sales fell 13% year-over-year and the company booked $36 million in rationalization charges, reflecting pandemic-driven demand weakness and active cost restructuring.
Generated from LECO's filing dated 2020-10-27
Key risks
- Revenue decline: Q3 sales fell 8.5% YoY to $668.9M; nine-month sales down 13.5% to $1.96B amid pandemic demand weakness.
- Margin pressure: Nine-month operating income dropped 31% to $198.6M, hit by $36M rationalization/impairment charges versus $6.3M prior year.
- Leverage and pension exposure: $716M long-term debt against $152M cash; pension OCI loss of $23.7M YTD signals rising obligations.
Generated from LECO's filing dated 2020-10-27
Profitability
Gross margin
36.2%
1.4%Operating margin
17.0%
6.8%Net margin
12.3%
5.8%Return on equity
39.2%
11.7%Return on assets
13.8%
4.1%Leverage
Debt / equity
1.85×
11.7%Long-term debt / equity
0.87×
0.0%Debt / assets
64.9%
4.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.12B | +11.7% | $136.4M | +15.1% | 12.2% |
Q4 2025 2025-12-31 | $1.08B | +5.5% | $136.0M | -3.0% | 12.6% |
Q3 2025 2025-09-30 | $1.06B | +7.9% | $122.6M | +21.7% | 11.6% |
Q2 2025 2025-06-30 | $1.09B | +6.6% | $143.4M | +41.0% | 13.2% |
Q1 2025 2025-03-31 | $1.00B | +2.4% | $118.5M | -4.0% | 11.8% |
Q4 2024 2024-12-31 | $1.02B | — | $140.2M | — | 13.7% |
Q3 2024 2024-09-30 | $983.8M | -4.8% | $100.8M | -22.1% | 10.2% |
Q2 2024 2024-06-30 | $1.02B | -3.7% | $101.7M | -25.9% | 10.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Metalworkg Machinery & Equipment · SIC 3540
Your notes
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Insider activity
Insider buying
$0
Insider selling
$14.1M
Net activity
−$14.1M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns LECO
Institutional value
$6.45B
Total shares held
31.1M
Distinct holders
491
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.2M | $1.30B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.5M | $632.2M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 2.5M | $612.7M | — | New |
| 4 | Invesco Ltd. | 1.2M | $291.2M | — | New |
| 5 | JPMORGAN CHASE & CO | 965.6K | $235.9M | — | New |
| 6 | VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 800.5K | $199.4M | — | New |
| 7 | Boston Partners | 799.9K | $199.2M | — | New |
| 8 | Park Edge Advisors, LLC | 631.1K | $157.2M | — | New |
| 9 | KEYBANK NATIONAL ASSOCIATION/OH | 537.1K | $133.8M | — | New |
| 10 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 534.9K | $133.2M | — | New |
| 11 | DIMENSIONAL FUND ADVISORS LP | 497.6K | $123.9M | — | New |
| 12 | Bank of New York Mellon Corp | 445.5K | $111.0M | — | New |
| 13 | Fisher Asset Management, LLC | 419.9K | $104.6M | — | New |
| 14 | STIFEL FINANCIAL CORP | 409.9K | $102.1M | — | New |
| 15 | WESTFIELD CAPITAL MANAGEMENT CO LP | 358.2K | $89.2M | — | New |
| 16 | VANGUARD FIDUCIARY TRUST CO | 341.1K | $85.0M | — | New |
| 17 | Fiera Capital Corp | 310.3K | $77.3M | — | New |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 308.5K | $76.8M | — | New |
| 19 | Boston Trust Walden Corp | 305.9K | $76.2M | — | New |
| 20 | FIRST TRUST ADVISORS LP | 288.5K | $71.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Q3 sales fell 8.5% YoY to $669M while rationalization charges hit $36M YTD—what specific end-markets aren't recovering, and when do these restructuring actions stop hitting the P&L?
- 2
Operating margin compressed to 11.6% from 12.1% despite aggressive SG&A cuts—how much of the $65M YTD SG&A reduction is structural versus temporary COVID-related?
- 3
You repurchased $113M in stock YTD while cash fell to $152M and pension OCI losses hit $23.7M—justify capital allocation priorities given $716M long-term debt.
Refreshed when LECO files a new report · last from 2020-10-27