Operating Income for Lincoln Electric Holdings (LECO)
According to Lincoln Electric Holdings's latest reported financial statements, the company's current operating income (TTM) is $727.56M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$727.56M
YoY change
+16.9%
5Y CAGR
+21.4%
Peak year (2025)
$744.02M
Cumulative operating income
$8.98B
Operating Income history chart for Lincoln Electric Holdings (LECO) from 1994 to 2025
Operating Income history table for Lincoln Electric Holdings (LECO) from 1994 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $744.02M | +16.9% | ||
| 2024 | $636.46M | -11.3% | ||
| 2023 | $717.85M | +17.2% | ||
| 2022 | $612.34M | +32.6% | ||
| 2021 | $461.67M | +63.7% | ||
| 2020 | $282.07M | -24.0% | ||
| 2019 | $370.91M | -1.2% | ||
| 2018 | $375.54M | -0.6% | ||
| 2017 | $377.71M | +31.0% | ||
| 2016 | $288.27M | +58.7% | ||
| 2015 | $181.70M | -51.4% | ||
| 2014 | $373.75M | -8.2% | ||
| 2013 | $406.99M | +12.4% | ||
| 2012 | $362.08M | +22.0% | ||
| 2011 | $296.68M | +59.1% | ||
| 2010 | $186.43M | +100.5% | ||
| 2009 | $92.98M | -68.5% | ||
| 2008 | $295.40M | +6.4% | ||
| 2007 | $277.63M | +19.2% | ||
| 2006 | $232.97M | +55.5% | ||
| 2005 | $149.84M | +45.1% | ||
| 2004 | $103.30M | +51.4% | ||
| 2003 | $68.22M | -25.5% | ||
| 2002 | $91.52M | -21.9% | ||
| 2001 | $117.17M | -15.6% | ||
| 2000 | $138.88M | -6.2% | ||
| 1999 | $148.00M | +0.4% | ||
| 1998 | $147.40M | +9.3% | ||
| 1997 | $134.90M | +20.1% | ||
| 1996 | $112.30M | +4.0% | ||
| 1995 | $108.00M | +21.8% | ||
| 1994 | $88.70M | — |
Operating Income values are taken from Lincoln Electric Holdings's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Lincoln Electric Holdings (LECO) reported operating income of $744.02M – grew 16.9% year-over-year.
Over 2020–2025 (5 years), Lincoln Electric Holdings operating income expanded at a +21.4% compound annual rate, with the latest reading among the more recent periods of the dataset.
2025 marks the peak operating income at $744.02M, with the historical low of $68.22M recorded in 2003.
Among 8 Industrials peers, Lincoln Electric Holdings (LECO) ranks 8th; the peer median for operating income is $8.59B.
Lincoln Electric Holdings Operating Income by Year
Lincoln Electric Holdings Operating Income 2025: $744.02M
Lincoln Electric Holdings operating income in 2025 was $744.02M, grew 16.9% from 2024. This figure represents the highest annual value in the available history.
Lincoln Electric Holdings Operating Income 2024: $636.46M
Lincoln Electric Holdings operating income in 2024 was $636.46M, declined 11.3% below 2023.
Lincoln Electric Holdings Operating Income 2023: $717.85M
Lincoln Electric Holdings operating income in 2023 was $717.85M, grew 17.2% from 2022.
Lincoln Electric Holdings Operating Income 2022: $612.34M
Lincoln Electric Holdings operating income in 2022 was $612.34M, surged 32.6% from 2021.
Lincoln Electric Holdings Operating Income 2021: $461.67M
Lincoln Electric Holdings operating income in 2021 was $461.67M.
See more financial history for Lincoln Electric Holdings (LECO).
Sector peers — Operating Income
Companies in the same sector as Lincoln Electric Holdings, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Lincoln Electric Holdings's operating income?
- Latest reported operating income for Lincoln Electric Holdings (LECO) is $727.56M (period ending December 31, 2025).
How has Lincoln Electric Holdings operating income changed year-over-year?
- Lincoln Electric Holdings (LECO) operating income changed +16.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Lincoln Electric Holdings operating income?
- Lincoln Electric Holdings (LECO) operating income compound annual growth rate is +21.4% over the most recent 5 years available.
When did Lincoln Electric Holdings operating income hit its highest annual value?
- Lincoln Electric Holdings operating income reached its highest annual value of $744.02M in 2025.
What was Lincoln Electric Holdings operating income in 2024?
- Lincoln Electric Holdings (LECO) operating income in 2024 was $636.46M.
What was Lincoln Electric Holdings operating income in 2025?
- Lincoln Electric Holdings (LECO) operating income in 2025 was $744.02M.
Metrics overview
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