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Operating Margin for Lincoln Electric Holdings (LECO)

As of · Reported

Metric

TTM

17.1%

YoY change

+1.02pp

Trough year (2009)

5.4%

Peak year (2023)

17.1%

Operating Margin history chart for Lincoln Electric Holdings (LECO) from 1994 to 2025

Latest: 16.9%

Operating Margin change chart for Lincoln Electric Holdings (LECO) from 1994 to 2025

Latest: +1.02pp

Operating Margin history table for Lincoln Electric Holdings (LECO) from 1994 to 2025

  • 202516.9%+1.02pp
  • 202415.9%-1.25pp
  • 202317.1%+0.85pp
  • 202216.3%+2.01pp
  • 202114.3%+3.65pp
  • 202010.6%-1.73pp
  • 201912.4%-0.05pp
  • 201812.4%-1.99pp
  • 201714.4%+1.72pp
  • 201612.7%+5.51pp
  • 20157.2%-6.12pp
  • 201413.3%-0.98pp
  • 201314.3%+1.58pp
  • 201212.7%+1.68pp
  • 201111.0%+2.00pp
  • 20109.0%+3.63pp
  • 20095.4%-6.54pp
  • 200811.9%-0.26pp
  • 200712.2%+0.36pp
  • 200611.8%+2.46pp
  • 20059.4%+1.61pp
  • 20047.7%+1.19pp
  • 20036.6%-2.65pp
  • 20029.2%-2.76pp
  • 200112.0%-1.15pp
  • 200013.1%-0.51pp
  • 199913.6%+1.20pp
  • 199812.4%+0.78pp
  • 199711.6%+1.51pp
  • 199610.1%-0.34pp
  • 199510.5%+0.68pp
  • 19949.8%—

Operating Margin values are taken from Lincoln Electric Holdings's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Lincoln Electric Holdings (LECO)

According to Lincoln Electric Holdings's latest reported financial statements, the company's latest reported operating margin is 17.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Lincoln Electric Holdings (LECO) reported operating margin of 16.90% – expanded 1.0 percentage points year-over-year.

The record annual operating margin stands at 17.13%, reached in 2023; the historical low of 5.38% was recorded in 2009.

Lincoln Electric Holdings Operating Margin by Year

Lincoln Electric Holdings Operating Margin 2025: 16.9%

In 2025, Lincoln Electric Holdings reported operating margin of 16.90%, expanded 1.0 percentage points from 2024.

Lincoln Electric Holdings Operating Margin 2024: 15.9%

Lincoln Electric Holdings operating margin in 2024 was 15.88%, contracted 1.2 percentage points from 2023.

Lincoln Electric Holdings Operating Margin 2023: 17.1%

2023's operating margin for Lincoln Electric Holdings came in at 17.13%, expanded 0.8 percentage points from 2022. This figure represents the highest annual value in the available history.

Lincoln Electric Holdings Operating Margin 2022: 16.3%

Lincoln Electric Holdings posted operating margin of 16.28% in 2022, expanded 2.0 percentage points from 2021.

Lincoln Electric Holdings Operating Margin 2021: 14.3%

Lincoln Electric Holdings operating margin in 2021 was 14.27%.

See more financial history for Lincoln Electric Holdings (LECO).

Sector peers by Operating Margin

Industrials peers of Lincoln Electric Holdings (LECO), ranked by their latest operating margin

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