Lincoln Financial Statements From 2010 to 2025

LECO Stock  USD 190.60  0.38  0.20%   
Lincoln Electric financial statements provide useful quarterly and yearly information to potential Lincoln Electric Holdings investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Lincoln Electric financial statements helps investors assess Lincoln Electric's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Lincoln Electric's valuation are summarized below:
Gross Profit
1.5 B
Profit Margin
0.1163
Market Capitalization
10.7 B
Enterprise Value Revenue
2.8848
Revenue
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 2025 to make sure the company can sustain itself down the road. As of the 19th of March 2025, 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

2.36 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 60.5 M, Interest Expense of 44.9 M or Selling General Administrative of 465.1 M, as well as many indicators such as Price To Sales Ratio of 2.78, Dividend Yield of 0.0197 or PTB Ratio of 8.4. Lincoln financial statements analysis is a perfect complement when working with Lincoln Electric Valuation or Volatility modules.
  
Check out the analysis of Lincoln Electric Correlation against competitors.

Lincoln Electric Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.8 B3.5 B2.3 B
Slightly volatile
Short and Long Term Debt Total95 M100 M480.6 M
Slightly volatile
Other Current Liabilities495.3 M471.7 M307.1 M
Slightly volatile
Total Current Liabilities922.7 M878.8 M569.2 M
Slightly volatile
Total Stockholder Equity905.3 M1.3 BB
Very volatile
Property Plant And Equipment Net434.1 M619.2 M474.5 M
Slightly volatile
Retained Earnings4.2 BB2.5 B
Slightly volatile
Accounts Payable177 M296.6 M231.5 M
Slightly volatile
Cash224.5 M377.3 M278 M
Pretty Stable
Non Current Assets TotalB1.9 B1.2 B
Slightly volatile
Non Currrent Assets Other184.9 M152.1 M278.6 M
Slightly volatile
Cash And Short Term Investments233 M377.3 M289.7 M
Pretty Stable
Net Receivables322.7 M482 M374.8 M
Slightly volatile
Common Stock Shares Outstanding62.6 M57.2 M66.9 M
Slightly volatile
Liabilities And Stockholders Equity1.8 B3.5 B2.3 B
Slightly volatile
Non Current Liabilities Total1.4 B1.3 B785.8 M
Slightly volatile
Inventory340.7 M544 M390.3 M
Slightly volatile
Other Current Assets334.1 M242 M521.3 M
Slightly volatile
Total Liabilities2.3 B2.2 B1.4 B
Slightly volatile
Property Plant And Equipment Gross1.6 B1.5 B760.3 M
Slightly volatile
Total Current Assets994.3 M1.6 B1.2 B
Slightly volatile
Short Term Debt116.1 M110.5 M43 M
Slightly volatile
Intangible Assets232.1 M221 M148.5 M
Slightly volatile
Common Stock Total Equity8.4 M11.3 M9.5 M
Slightly volatile
Common Stock8.3 M11.3 M9.5 M
Slightly volatile
Other Liabilities169 M169.4 M183.3 M
Pretty Stable
Other Assets140 M189.9 M185.3 M
Slightly volatile
Long Term Debt1.2 B1.2 B576.6 M
Slightly volatile
Good Will845.2 M804.9 M352.6 M
Slightly volatile
Property Plant Equipment462.1 M626.6 M476.8 M
Slightly volatile
Net Tangible Assets142.1 M149.6 M586.6 M
Slightly volatile
Retained Earnings Total Equity2.5 B3.8 B2.5 B
Slightly volatile
Long Term Debt Total1.3 B1.3 B596.2 M
Slightly volatile
Capital Surpluse343.6 M554.1 M340 M
Slightly volatile
Deferred Long Term Liabilities18.6 M19.6 M34.3 M
Very volatile
Long Term Investments2.5 M2.7 M24.3 M
Slightly volatile
Non Current Liabilities Other143.9 M152.9 M177.6 M
Pretty Stable
Deferred Long Term Asset Charges15.9 M12.8 M17.8 M
Slightly volatile
Short and Long Term Debt116.1 M110.5 M28.3 M
Slightly volatile
Net Invested Capital2.1 B2.6 B1.8 B
Slightly volatile
Net Working Capital765 M766.5 M765.2 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 Amortization60.5 M99.7 M73 M
Slightly volatile
Selling General Administrative465.1 M780.6 M560.8 M
Slightly volatile
Total Revenue2.4 BB2.9 B
Slightly volatile
Gross Profit775.1 M1.5 B960.4 M
Slightly volatile
Other Operating Expenses2.1 B3.3 B2.5 B
Slightly volatile
Operating Income668.3 M636.5 M399.8 M
Slightly volatile
EBIT891.1 M848.7 M456.9 M
Slightly volatile
EBITDA366.3 M636.5 M473.8 M
Slightly volatile
Cost Of Revenue1.6 B2.5 B1.9 B
Slightly volatile
Total Operating Expenses475.7 M836.5 M566.8 M
Slightly volatile
Income Before Tax623.9 M594.1 M386.3 M
Slightly volatile
Net Income489.4 M466.1 M292.5 M
Slightly volatile
Income Tax Expense74.3 M128 M90.2 M
Pretty Stable
Research Development41.1 M81.9 M49.2 M
Slightly volatile
Net Income Applicable To Common Shares570.2 M543.1 M299.7 M
Slightly volatile
Net Income From Continuing Ops321.5 M466.1 M294.1 M
Slightly volatile
Non Recurring17.3 M13.6 M14.5 M
Slightly volatile
Tax Provision96.8 M128 M74.3 M
Slightly volatile
Interest Income12.2 M23.3 M15.8 M
Slightly volatile
Reconciled Depreciation87.1 M88.2 M74.8 M
Slightly volatile

Lincoln Electric Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation25.3 M24.1 M15.1 M
Slightly volatile
Free Cash Flow506.5 M482.4 M304.7 M
Slightly volatile
Begin Period Cash Flow209.8 M393.8 M277 M
Very volatile
Depreciation60.4 M88.2 M70 M
Slightly volatile
Dividends Paid170.3 M162.1 M99.6 M
Slightly volatile
Capital Expenditures65.3 M116.6 M67.1 M
Slightly volatile
Total Cash From Operating Activities628.9 M599 M375.4 M
Slightly volatile
Net Income489.4 M466.1 M292.5 M
Slightly volatile
End Period Cash Flow224.5 M377.3 M278 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.782.64882.0408
Slightly volatile
Dividend Yield0.01970.01530.0165
Very volatile
PTB Ratio8.47.9996.2016
Slightly volatile
Days Sales Outstanding56.2343.885548.2064
Pretty Stable
Book Value Per Share24.6123.436715.6764
Slightly volatile
Free Cash Flow Yield0.05760.04540.0513
Slightly volatile
Operating Cash Flow Per Share11.110.57535.8975
Slightly volatile
Average Payables211.1 M250.4 M252.6 M
Very volatile
Stock Based Compensation To Revenue0.00340.0060.0047
Slightly volatile
Capex To Depreciation1.291.32150.984
Very volatile
PB Ratio8.47.9996.2016
Slightly volatile
EV To Sales2.712.57962.0519
Slightly volatile
Free Cash Flow Per Share8.948.51664.7854
Slightly volatile
ROIC0.110.18140.1515
Slightly volatile
Inventory Turnover3.664.6614.8938
Slightly volatile
Net Income Per Share8.648.22954.6126
Slightly volatile
Days Of Inventory On Hand90.3778.309376.2553
Pretty Stable
Payables Turnover10.758.54978.6415
Slightly volatile
Sales General And Administrative To Revenue0.230.240.2114
Pretty Stable
Research And Ddevelopement To Revenue0.01380.01530.0164
Slightly volatile
Capex To Revenue0.03420.02910.0247
Pretty Stable
Cash Per Share6.996.66084.5876
Slightly volatile
POCF Ratio11.3317.727115.9962
Slightly volatile
Interest Coverage14.1314.875531.4978
Slightly volatile
Payout Ratio0.280.34790.3494
Pretty Stable
Capex To Operating Cash Flow0.390.19470.225
Slightly volatile
PFCF Ratio23.1122.012220.7589
Slightly volatile
Days Payables Outstanding31.0342.691543.2805
Slightly volatile
Income Quality1.631.28511.3841
Very volatile
ROE0.180.35110.2723
Slightly volatile
EV To Operating Cash Flow11.4717.264216.1755
Slightly volatile
PE Ratio15.4122.780421.3711
Slightly volatile
Return On Tangible Assets0.0960.18690.1416
Slightly volatile
EV To Free Cash Flow22.5121.437421.0744
Slightly volatile
Earnings Yield0.06770.04390.0522
Slightly volatile
Intangibles To Total Assets0.310.29140.1912
Slightly volatile
Current Ratio2.611.87222.272
Slightly volatile
Tangible Book Value Per Share5.825.32327.6329
Slightly volatile
Receivables Turnover5.788.31717.6045
Slightly volatile
Graham Number69.1765.875739.8081
Slightly volatile
Shareholders Equity Per Share24.6123.436715.6667
Slightly volatile
Debt To Equity0.07160.07530.3862
Pretty Stable
Capex Per Share2.162.05871.1121
Slightly volatile
Average Receivables309.5 M309.8 M283.4 M
Pretty Stable
Revenue Per Share74.3170.775846.4118
Slightly volatile
Interest Debt Per Share2.942.52115.932
Slightly volatile
Debt To Assets0.0270.02840.1369
Pretty Stable
Enterprise Value Over EBITDA8.1716.247411.74
Slightly volatile
Short Term Coverage Ratios5.155.4194240
Very volatile
Price Earnings Ratio15.4122.780421.3711
Slightly volatile
Operating Cycle147122124
Slightly volatile
Price Book Value Ratio8.47.9996.2016
Slightly volatile
Days Of Payables Outstanding31.0342.691543.2805
Slightly volatile
Dividend Payout Ratio0.280.34790.3494
Pretty Stable
Price To Operating Cash Flows Ratio11.3317.727115.9962
Slightly volatile
Price To Free Cash Flows Ratio23.1122.012220.7589
Slightly volatile
Pretax Profit Margin0.0880.14820.1212
Pretty Stable
Ebt Per Ebit0.780.93350.956
Slightly volatile
Operating Profit Margin0.0960.15880.1254
Slightly volatile
Effective Tax Rate0.320.21550.263
Slightly volatile
Company Equity Multiplier1.642.65182.3513
Slightly volatile
Long Term Debt To Capitalization0.430.410.335
Slightly volatile
Total Debt To Capitalization0.06660.07010.2034
Slightly volatile
Return On Capital Employed0.220.2410.2131
Pretty Stable
Debt Equity Ratio0.07160.07530.3862
Pretty Stable
Ebit Per Revenue0.0960.15880.1254
Slightly volatile
Quick Ratio1.221.25311.4898
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.542.14882.1399
Very volatile
Net Income Per E B T0.560.78450.7301
Slightly volatile
Cash Ratio0.410.42930.5291
Slightly volatile
Cash Conversion Cycle10479.503380.4536
Very volatile
Operating Cash Flow Sales Ratio0.0880.14940.1184
Slightly volatile
Days Of Inventory Outstanding90.3778.309376.2553
Pretty Stable
Days Of Sales Outstanding56.2343.885548.2064
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.520.80530.7694
Pretty Stable
Cash Flow Coverage Ratios5.695.9895214
Very volatile
Price To Book Ratio8.47.9996.2016
Slightly volatile
Fixed Asset Turnover4.216.47415.8926
Very volatile
Capital Expenditure Coverage Ratio3.165.13695.1107
Slightly volatile
Price Cash Flow Ratio11.3317.727115.9962
Slightly volatile
Enterprise Value Multiple8.1716.247411.74
Slightly volatile
Debt Ratio0.0270.02840.1369
Pretty Stable
Cash Flow To Debt Ratio5.695.9895214
Very volatile
Price Sales Ratio2.782.64882.0408
Slightly volatile
Return On Assets0.080.13240.1142
Pretty Stable
Asset Turnover1.461.13881.2993
Slightly volatile
Net Profit Margin0.06340.11630.09
Slightly volatile
Gross Profit Margin0.360.36740.3394
Pretty Stable
Price Fair Value8.47.9996.2016
Slightly volatile
Return On Equity0.180.35110.2723
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 Earnings20.1613
Cash And Short Term Investments377.3 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 RevenueB2.4 B
Cost Of Revenue2.5 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 70.78  74.31 
Ebit Per Revenue 0.16  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

  0.74EML EasternPairCorr
  0.62RBC RBC BearingsPairCorr
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.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lincoln Electric. If investors know Lincoln will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lincoln Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
2.88
Earnings Share
8.15
Revenue Per Share
70.776
Quarterly Revenue Growth
(0.03)
The market value of Lincoln Electric Holdings is measured differently than its book value, which is the value of Lincoln that is recorded on the company's balance sheet. Investors also form their own opinion of Lincoln Electric's value that differs from its market value or its book value, called intrinsic value, which is Lincoln Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lincoln Electric's market value can be influenced by many factors that don't directly affect Lincoln Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lincoln Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lincoln Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lincoln Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.