SuperworthLincoln Electric profit margin LECO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 12.4%
- Operating margin, 12 months
- 17.1%
- Net margin on a year earlier
- +0.1 pts
- Peer median
- 14.4%
Over the twelve months to Jun 30, 2026, Lincoln Electric kept 12.4% of its revenue as net profit, with an operating margin of 17.1% and a gross margin of 36.0%.
Five years earlier its net margin was 10.0%.
The median for 10 industrial machinery stocks of a similar size is 14.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.3% | 17.0% | 36.2% |
| FY2024 | 11.6% | 15.9% | 36.7% |
| FY2023 | 13.0% | 17.1% | 35.0% |
| FY2022 | 12.6% | 16.3% | 34.1% |
| FY2021 | 8.5% | 14.3% | 33.0% |
| FY2020 | 7.8% | 10.6% | 32.8% |
| FY2019 | 9.8% | 12.4% | 33.5% |
| FY2018 | 9.5% | 12.4% | 34.0% |
| FY2017 | 9.4% | 14.4% | 33.3% |
| FY2016 | 8.7% | 12.7% | 34.7% |
| FY2015 | 5.0% | 7.2% | 33.2% |
| FY2014 | 9.1% | 13.3% | 33.7% |
| FY2013 | 10.3% | 14.3% | 33.0% |
| FY2012 | 9.0% | 12.7% | 30.4% |
| FY2011 | 8.1% | 11.0% | 27.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 12.4% | +0.1 pts | 17.1% | |
| Q1 FY26 | 12.4% | +0.9 pts | 17.0% | |
| Q4 FY25 | 12.3% | +0.7 pts | 17.0% | |
| Q3 FY25 | 12.6% | +0.6 pts | 17.0% | |
| Q2 FY25 | 12.3% | −0.2 pts | 16.6% | |
| Q1 FY25 | 11.4% | −1.8 pts | 15.8% | |
| Q4 FY24 | 11.6% | −1.4 pts | 15.9% | |
| Q3 FY24 | 11.9% | −0.3 pts | 16.4% | |
| Q2 FY24 | 12.5% | +0.4 pts | 16.8% | |
| Q1 FY24 | 13.2% | +1.1 pts | 17.4% | |
| Q4 FY23 | 13.0% | +0.5 pts | 17.1% | |
| Q3 FY23 | 12.2% | +0.3 pts | 16.1% |
Against its peers
Companies in Industrial - Machinery nearest Lincoln Electric's size, closest first, today.
| Company | Profit margin |
|---|---|
| LECOLincoln Electric | 12.4% |
| RBCRBC Bearings INC | 16.4% |
| LIILennox International | 14.9% |
| WTSWatts Water Technologies | 14.3% |
| BWXTBWX Technologies | 10.1% |
| IEXIDEX | 14.5% |
| ITTITT | 8.9% |
| NDSNNordson | 18.6% |
| GGGGraco | 23.5% |
| MOG-AMoog | 8.7% |
| CRCrane | 13.0% |
| Peer median | 14.4% |
Where Lincoln Electric ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Lincoln Electric
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.