How does Lincoln Electric Holdings (LECO) make money?

Lincoln Electric Holdings (LECO) generates revenue primarily from Americas Welding, which accounted for 66.4% of total revenue in TTM through Q1 2026. The company reported $4.35B in revenue and converted 12.4% of it into net profit, equivalent to roughly $538.43M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Lincoln Electric Holdings (LECO)?

Lincoln Electric Holdings (LECO) reported a gross profit margin of 36.1% in TTM through Q1 2026, equivalent to $1.57B in gross profit on $4.35B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Lincoln Electric Holdings (LECO)?

Lincoln Electric Holdings (LECO) reported an operating profit margin of 17.1% in TTM through Q1 2026, equivalent to $744.20M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Lincoln Electric Holdings (LECO)?

Lincoln Electric Holdings (LECO) reported a net profit margin of 12.4% in TTM through Q1 2026, equivalent to $538.43M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Lincoln Electric Holdings (LECO) profitable?

Yes. Lincoln Electric Holdings (LECO) reported $538.43M in net income for TTM through Q1 2026, with a net profit margin of 12.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Lincoln Electric Holdings (LECO) spend on capital expenditures?

Lincoln Electric Holdings (LECO) spent $139.19M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Lincoln Electric Holdings (LECO) generate?

Lincoln Electric Holdings (LECO) generated $438.46M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 10.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Lincoln Electric Holdings (LECO)?

Lincoln Electric Holdings (LECO) had an effective tax rate of 22.6% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Lincoln Electric Holdings (LECO)?

Lincoln Electric Holdings (LECO) reports revenue across 3 reportable product segments, led by Americas Welding at 64.3% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Lincoln Electric Holdings Makes Money: 2026 Visual Revenue Map

Lincoln Electric Holdings (LECO) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Lincoln Electric Holdings discloses geographic revenue only in annual filings. to view the full breakdown.

Lincoln Electric Holdings (LECO) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Lincoln Electric Holdings (LECO) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Americas Welding	$2.79B	64.3%
International Welding	$928.83M	21.4%
The Harris Products Group	$623.99M	14.4%
Total	$4.35B	100%

Americas Welding$2.79B
International Welding$928.83M
The Harris Products Group$623.99M
Total$4.35B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Lincoln Electric Holdings (LECO) reports revenue across 3 operating segments; the largest segment was Americas Welding at 64.3%, followed by International Welding (21.4%) and The Harris Products Group (14.4%).

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