Lincoln Financial Statements From 2010 to 2026

LECO Stock  USD 282.62  2.54  0.91%   
Lincoln Electric's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Lincoln Electric's valuation are provided below:
Gross Profit
1.5 B
Profit Margin
0.123
Market Capitalization
15.5 B
Enterprise Value Revenue
3.9565
Revenue
4.2 B
We have found one hundred twenty available fundamental ratios for Lincoln Electric, which can be analyzed and compared to other ratios and to its peers in the industry. Self-guided Investors are advised to check Lincoln Electric's last-minute fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 5th of March 2026, Market Cap is likely to grow to about 7.9 B. Also, Enterprise Value is likely to grow to about 2.8 B

Lincoln Electric Total Revenue

2.43 Billion

Check Lincoln Electric financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lincoln Electric's main balance sheet or income statement drivers, such as Depreciation And Amortization of 61.9 M, Interest Expense of 54.1 M or Selling General Administrative of 465.1 M, as well as many indicators such as Price To Sales Ratio of 3.29, Dividend Yield of 0.0196 or PTB Ratio of 9.49. Lincoln financial statements analysis is a perfect complement when working with Lincoln Electric Valuation or Volatility modules.
  
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Check out the analysis of Lincoln Electric Correlation against competitors.

Lincoln Electric Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.9 B3.8 B2.4 B
Slightly volatile
Short and Long Term Debt Total1.4 B1.3 B685.7 M
Slightly volatile
Other Current Liabilities470.4 M448 M283.5 M
Slightly volatile
Total Current LiabilitiesB956.7 M596.8 M
Slightly volatile
Total Stockholder Equity927.5 M1.5 BB
Pretty Stable
Property Plant And Equipment Net449.4 M702.8 M496.8 M
Slightly volatile
Retained Earnings4.8 B4.6 B2.7 B
Slightly volatile
Accounts Payable185 M364.9 M241.6 M
Slightly volatile
Cash228.1 M308.8 M280 M
Pretty Stable
Non Current Assets Total2.1 BB1.2 B
Slightly volatile
Non Currrent Assets Other1.4 B1.3 B368.7 M
Slightly volatile
Cash And Short Term Investments236.3 M308.8 M291 M
Pretty Stable
Net Receivables334 M538.8 M390 M
Slightly volatile
Common Stock Shares Outstanding62.1 M55.9 M66.3 M
Slightly volatile
Liabilities And Stockholders Equity1.9 B3.8 B2.4 B
Slightly volatile
Non Current Liabilities Total1.4 B1.4 B821.3 M
Slightly volatile
Inventory351.8 M633.4 M405.2 M
Slightly volatile
Other Current Assets265.6 M258.6 M418.5 M
Slightly volatile
Total Liabilities2.4 B2.3 B1.4 B
Slightly volatile
Property Plant And Equipment Gross1.8 B1.7 B829.8 M
Slightly volatile
Total Current AssetsB1.7 B1.2 B
Slightly volatile
Short Term Debt151 M143.8 M52.6 M
Slightly volatile
Intangible Assets266.9 M254.2 M156.8 M
Slightly volatile
Common Stock Total Equity8.4 M11.3 M9.6 M
Slightly volatile
Common Stock1.5 B1.5 B185.6 M
Slightly volatile
Other Liabilities169 M169.4 M181.2 M
Very volatile
Other Assets140 M189.9 M184.1 M
Slightly volatile
Long Term Debt1.4 B1.3 B631.2 M
Slightly volatile
Good Will971.9 M925.7 M393.8 M
Slightly volatile
Property Plant Equipment462.1 M626.6 M480.8 M
Slightly volatile
Net Tangible Assets142.1 M149.6 M561.9 M
Slightly volatile
Retained Earnings Total Equity2.5 B3.8 B2.5 B
Slightly volatile
Long Term Debt Total1.3 B1.3 B626.4 M
Slightly volatile
Capital Surpluse343.6 M554.1 M348.3 M
Slightly volatile
Deferred Long Term Liabilities18.6 M19.6 M33.3 M
Very volatile
Long Term Investments2.5 M2.7 M23 M
Slightly volatile
Non Current Liabilities Other143.9 M137.6 M175.3 M
Pretty Stable
Deferred Long Term Asset Charges15.9 M12.8 M17.6 M
Slightly volatile
Short and Long Term Debt133.5 M127.1 M35.2 M
Slightly volatile
Net Invested Capital2.1 BB1.9 B
Slightly volatile
Net Working Capital765 M881.5 M772 M
Slightly volatile
Capital Stock7.9 M8.9 M9.7 M
Slightly volatile

Lincoln Electric Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization61.9 M98.5 M71.8 M
Slightly volatile
Selling General Administrative465.1 M897.7 M580.6 M
Slightly volatile
Total Revenue2.4 B4.2 B2.9 B
Slightly volatile
Gross Profit804.9 M1.5 B998.2 M
Slightly volatile
Other Operating Expenses2.1 B3.5 B2.5 B
Slightly volatile
Operating Income781.2 M744 M432.8 M
Slightly volatile
EBIT763.4 M727 M467.5 M
Slightly volatile
EBITDA866.8 M825.6 M541.7 M
Slightly volatile
Cost Of Revenue1.6 B2.7 B1.9 B
Slightly volatile
Total Operating Expenses495 M795.3 M593 M
Slightly volatile
Income Before Tax709.2 M675.5 M408.3 M
Slightly volatile
Net Income546.6 M520.5 M309.3 M
Slightly volatile
Income Tax Expense162.7 M154.9 M99.2 M
Slightly volatile
Research Development98.8 M94.1 M55.3 M
Slightly volatile
Net Income Applicable To Common Shares570.2 M543.1 M309.8 M
Slightly volatile
Net Income From Continuing Ops321.5 M536 M308.3 M
Slightly volatile
Non Recurring17.3 M13.6 M14.3 M
Slightly volatile
Tax Provision96.8 M147.2 M78.6 M
Slightly volatile
Interest Income12.2 M23.3 M16 M
Slightly volatile
Reconciled Depreciation87.1 M101.5 M76.4 M
Slightly volatile

Lincoln Electric Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation29 M27.7 M16.1 M
Slightly volatile
Free Cash Flow560.9 M534.2 M321.4 M
Slightly volatile
Begin Period Cash Flow216.2 M377.3 M283.3 M
Very volatile
Depreciation61.9 M98.5 M71.8 M
Slightly volatile
Capital Expenditures67.6 M127 M70.8 M
Slightly volatile
Total Cash From Operating Activities694.2 M661.2 M396.1 M
Slightly volatile
Net Income546.6 M520.5 M309.3 M
Slightly volatile
End Period Cash Flow228.1 M308.8 M280 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.293.13692.1352
Slightly volatile
Dividend Yield0.01960.01270.0163
Pretty Stable
PTB Ratio9.499.03426.4328
Slightly volatile
Days Sales Outstanding56.3946.458448.6609
Slightly volatile
Book Value Per Share27.8526.525816.5052
Slightly volatile
Free Cash Flow Yield0.05720.04020.0507
Slightly volatile
Operating Cash Flow Per Share12.5311.93246.3366
Slightly volatile
Average Payables223.3 M264 M269 M
Pretty Stable
Stock Based Compensation To Revenue0.00340.00540.0047
Slightly volatile
Capex To Depreciation1.291.28851.0019
Pretty Stable
PB Ratio9.499.03426.4328
Slightly volatile
EV To Sales3.543.36962.1998
Slightly volatile
Free Cash Flow Per Share10.129.64085.1404
Slightly volatile
ROIC0.110.19340.1566
Slightly volatile
Inventory Turnover3.654.2534.8493
Slightly volatile
Net Income Per Share9.869.39424.9656
Slightly volatile
Days Of Inventory On Hand90.5385.820976.8936
Slightly volatile
Payables Turnover10.637.38148.4941
Slightly volatile
Sales General And Administrative To Revenue0.230.240.2112
Pretty Stable
Research And Ddevelopement To Revenue0.0140.01840.0168
Slightly volatile
Capex To Revenue0.03410.030.025
Very volatile
Cash Per Share5.855.57284.5446
Slightly volatile
POCF Ratio11.4720.083216.2448
Slightly volatile
Interest Coverage13.7114.4330.7461
Slightly volatile
Payout Ratio0.280.32320.3479
Pretty Stable
Capex To Operating Cash Flow0.370.1920.2219
Slightly volatile
PFCF Ratio26.124.856821.1758
Slightly volatile
Days Payables Outstanding31.4649.448644.0709
Slightly volatile
Income Quality1.621.27021.3768
Very volatile
ROE0.370.35420.2883
Slightly volatile
EV To Operating Cash Flow11.7221.573316.6575
Slightly volatile
PE Ratio15.5625.509321.6233
Slightly volatile
Return On Tangible Assets0.0960.13780.1414
Slightly volatile
EV To Free Cash Flow28.0426.70121.9157
Slightly volatile
Earnings Yield0.06690.03920.0514
Slightly volatile
Intangibles To Total Assets0.280.260.1935
Slightly volatile
Current Ratio2.591.81832.2441
Slightly volatile
Tangible Book Value Per Share27.8526.525810.0401
Pretty Stable
Receivables Turnover5.777.85657.5457
Slightly volatile
Graham Number78.6274.878242.4261
Slightly volatile
Shareholders Equity Per Share27.8526.525816.4954
Slightly volatile
Debt To Equity0.920.88040.5323
Slightly volatile
Capex Per Share2.412.29151.1962
Slightly volatile
Revenue Per Share80.2176.394248.5225
Slightly volatile
Interest Debt Per Share25.524.28399.7923
Slightly volatile
Debt To Assets0.360.34250.1933
Slightly volatile
Enterprise Value Over EBITDA18.1417.277612.5162
Slightly volatile
Short Term Coverage Ratios4.374.5985220
Very volatile
Price Earnings Ratio15.5625.509321.6233
Slightly volatile
Operating Cycle147132126
Slightly volatile
Price Book Value Ratio9.499.03426.4328
Slightly volatile
Days Of Payables Outstanding31.4649.448644.0709
Slightly volatile
Dividend Payout Ratio0.280.32320.3479
Pretty Stable
Price To Operating Cash Flows Ratio11.4720.083216.2448
Slightly volatile
Price To Free Cash Flows Ratio26.124.856821.1758
Slightly volatile
Pretax Profit Margin0.0880.15960.1235
Slightly volatile
Ebt Per Ebit1.060.90780.9575
Pretty Stable
Operating Profit Margin0.0960.17580.1302
Slightly volatile
Effective Tax Rate0.310.22940.2604
Slightly volatile
Company Equity Multiplier1.652.57012.3649
Slightly volatile
Long Term Debt To Capitalization0.460.4390.346
Slightly volatile
Total Debt To Capitalization0.490.46820.2725
Slightly volatile
Return On Capital Employed0.170.26380.2165
Pretty Stable
Debt Equity Ratio0.920.88040.5323
Slightly volatile
Ebit Per Revenue0.0960.17580.1302
Slightly volatile
Quick Ratio1.221.15621.4702
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.542.23962.1457
Very volatile
Net Income Per E B T0.560.77060.7325
Slightly volatile
Cash Ratio0.40.32280.5163
Slightly volatile
Cash Conversion Cycle10482.830780.789
Pretty Stable
Operating Cash Flow Sales Ratio0.0880.15620.1206
Slightly volatile
Days Of Inventory Outstanding90.5385.820976.8936
Slightly volatile
Days Of Sales Outstanding56.3946.458448.6609
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.530.8080.7722
Pretty Stable
Cash Flow Coverage Ratios0.490.5109200
Very volatile
Price To Book Ratio9.499.03426.4328
Slightly volatile
Fixed Asset Turnover4.196.02345.8134
Very volatile
Capital Expenditure Coverage Ratio3.195.20725.1182
Slightly volatile
Price Cash Flow Ratio11.4720.083216.2448
Slightly volatile
Enterprise Value Multiple18.1417.277612.5162
Slightly volatile
Debt Ratio0.360.34250.1933
Slightly volatile
Cash Flow To Debt Ratio0.490.5109200
Very volatile
Price Sales Ratio3.293.13692.1352
Slightly volatile
Return On Assets0.0880.13780.1161
Slightly volatile
Asset Turnover1.451.12061.2882
Slightly volatile
Net Profit Margin0.06450.1230.092
Slightly volatile
Gross Profit Margin0.360.36360.3415
Pretty Stable
Price Fair Value9.499.03426.4328
Slightly volatile
Return On Equity0.370.35420.2883
Slightly volatile

Lincoln Electric Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.9 B7.5 B7.8 B
Slightly volatile
Enterprise Value2.8 B2.7 B2.8 B
Slightly volatile

Lincoln Fundamental Market Drivers

Forward Price Earnings26.5957
Cash And Short Term Investments308.8 M

Lincoln Upcoming Events

15th of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
15th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Lincoln Electric Financial Statements

Lincoln Electric investors utilize fundamental indicators, such as revenue or net income, to predict how Lincoln Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue83.2 M87.4 M
Total Revenue4.2 B2.4 B
Cost Of Revenue2.7 B1.6 B
Sales General And Administrative To Revenue 0.24  0.23 
Research And Ddevelopement To Revenue 0.02  0.01 
Capex To Revenue 0.03  0.03 
Revenue Per Share 76.39  80.21 
Ebit Per Revenue 0.18  0.10 

Pair Trading with Lincoln Electric

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lincoln Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lincoln Electric will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lincoln Stock

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Moving against Lincoln Stock

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The ability to find closely correlated positions to Lincoln Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lincoln Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lincoln Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lincoln Electric Holdings to buy it.
The correlation of Lincoln Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lincoln Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lincoln Electric Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lincoln Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Lincoln Electric Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lincoln Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lincoln Electric Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lincoln Electric Holdings Stock:
Check out the analysis of Lincoln Electric Correlation against competitors.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Will Industrial Machinery & Supplies & Components sector continue expanding? Could Lincoln diversify its offerings? Factors like these will boost the valuation of Lincoln Electric. Expected growth trajectory for Lincoln significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Lincoln Electric data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0)
Dividend Share
3.04
Earnings Share
9.33
Revenue Per Share
76.394
Quarterly Revenue Growth
0.055
Understanding Lincoln Electric Holdings requires distinguishing between market price and book value, where the latter reflects Lincoln's accounting equity. The concept of intrinsic value - what Lincoln Electric's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Lincoln Electric's price substantially above or below its fundamental value.
Understanding that Lincoln Electric's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Lincoln Electric represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Lincoln Electric's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.