Lincoln Electric Holdings Inc

Chart & Performance

D1W1MN

P/E

24.11

P/S

2.80

EPS

8.35

Div Yield, %

1.41%

Shrs. gr., 5y

-1.81%

Rev. gr., 5y

5.95%

Revenues

4.01b

-4.37%

Net income

466m

-14.51%

CFO

599m

-10.27%

Dividend

Jun 30, 20250.75 USD/sh

Earnings

Jul 29, 2025

Profile

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.

URL

https://www.lincolnelectric.com/en/

IPO date

Oct 27, 1993

Employees

12,000

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	4,008,670 -4.37%	4,191,636 11.44%	3,761,211 16.30%
Cost of revenue	2,535,758	2,785,957	2,543,658
Unusual Expense (Income)
NOPBT	1,472,912	1,405,679	1,217,553
NOPBT Margin	36.74%	33.54%	32.37%
Operating Taxes	128,041	141,618	120,603
Tax Rate	8.69%	10.07%	9.91%
NOPAT	1,344,871	1,264,061	1,096,950
Net income	466,108 -14.51%	545,248 15.46%	472,224 70.74%
Dividends	(162,143)	(148,010)	(130,724)
Dividend yield	1.51%	1.17%	1.54%
Proceeds from repurchase of equity	(263,751)	(198,765)	(174,908)
BB yield	2.46%	1.57%	2.06%
Debt
Debt current	110,524	15,543	93,483
Long-term debt		1,185,923	1,146,341
Deferred revenue			56,718
Other long-term liabilities	1,303,443	156,342	109,472
Net debt	(266,738)	785,842	1,023,383
Cash flow
Cash from operating activities	598,977	667,542	383,386
CAPEX	(116,603)	(90,987)	(71,883)
Cash from investing activities	(361,231)	(74,729)	(504,691)
Cash from financing activities	(244,640)	(412,392)	133,725
FCF	1,414,806	1,959,980	739,410
Balance
Cash	377,262	393,787	197,150
Long term investments		21,837	19,291
Excess cash	176,828	206,042	28,380
Stockholders' equity	3,702,739	3,468,049	3,040,960
Invested Capital	2,564,572	2,419,042	2,375,730
ROIC	53.97%	52.73%	52.13%
ROCE	53.52%	53.28%	50.29%
EV
Common stock shares outstanding	57,194	58,221	58,749
Price	187.47 -13.79%	217.46 50.50%	144.49 3.60%
Market cap	10,722,159 -15.31%	12,660,739 49.15%	8,488,643 1.33%
EV	10,455,421	13,446,581	9,511,927
EBITDA	1,561,150	1,492,349	1,295,612
EV/EBITDA	6.70	9.01	7.34
Interest	42,786	44,371	29,500
Interest/NOPBT	2.90%	3.16%	2.42%