(LECO) Lincoln Electric Holdings - Overview

Sector: Industrials | Industry: Tools & Accessories | Exchange: NASDAQ (USA) | Market Cap: 13.359m USD | Total Return: 40.6% in 12m

Welding, Cutting, Brazing, Automation, Power Equipment
Total Rating 69
Safety 87
Buy Signal 0.41
Tools & Accessories
Industry Rotation: +7.0
Market Cap: 13.4B
Avg Turnover: 86.4M USD
ATR: 3.45%
Peers RS (IBD): 58.7
Risk 5d forecast
Volatility30.5%
Rel. Tail Risk-9.69%
Reward TTM
Sharpe Ratio1.49
Alpha11.51
Character TTM
Beta1.186
Beta Downside1.482
Drawdowns 3y
Max DD34.29%
CAGR/Max DD0.55
EPS (Earnings per Share) EPS (Earnings per Share) of LECO over the last years for every Quarter: "2021-03": 1.37, "2021-06": 1.67, "2021-09": 1.56, "2021-12": 1.61, "2022-03": 2.1, "2022-06": 2.18, "2022-09": 2.04, "2022-12": 1.94, "2023-03": 2.13, "2023-06": 2.44, "2023-09": 2.4, "2023-12": 2.45, "2024-03": 2.23, "2024-06": 2.34, "2024-09": 2.14, "2024-12": 2.57, "2025-03": 2.16, "2025-06": 2.6, "2025-09": 2.47, "2025-12": 2.65,
EPS CAGR: 6.40%
EPS Trend: 68.2%
Last SUE: 0.48
Qual. Beats: 0
Revenue Revenue of LECO over the last years for every Quarter: 2021-03: 757.021, 2021-06: 826.454, 2021-09: 806.454, 2021-12: 844.251, 2022-03: 925.448, 2022-06: 969.589, 2022-09: 935.24, 2022-12: 930.934, 2023-03: 1039.343, 2023-06: 1060.565, 2023-09: 1033.214, 2023-12: 1058.514, 2024-03: 981.197, 2024-06: 1021.236, 2024-09: 983.759, 2024-12: 1022.031, 2025-03: 1004.388, 2025-06: 1088.673, 2025-09: 1061.227, 2025-12: 1078.715,
Rev. CAGR: 4.17%
Rev. Trend: 69.1%
Last SUE: -0.50
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: LECO Lincoln Electric Holdings

Lincoln Electric Holdings, Inc. (LECO) designs, manufactures, and sells welding, cutting, and brazing products globally. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group.

LECOs product offerings include arc welding equipment, plasma and oxyfuel cutting systems, and automated solutions for joining and material handling. The company also provides mobile power solutions and specialty welding consumables. This diverse product portfolio is typical for established industrial machinery manufacturers.

LECO serves a broad range of industries, including general fabrication, oil and gas, automotive, and construction. The company utilizes a multi-channel distribution strategy, selling directly to OEMs, manufacturers, and integrators, as well as through industrial distributors, retailers, and agents. Understanding these distribution channels is key to assessing market reach.

Further research on ValueRay can provide detailed financial metrics and competitive analysis.

Headlines to Watch Out For
  • Industrial demand for welding equipment drives revenue
  • Raw material costs impact manufacturing margins
  • Global infrastructure spending boosts product sales
  • Competition from international manufacturers affects market share
Piotroski VR‑10 (Strict) 8.5
Net Income: 520.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA 0.44 > 1.0
NWC/Revenue: 18.49% < 20% (prev 19.12%; Δ -0.63% < -1%)
CFO/TA 0.18 > 3% & CFO 661.2m > Net Income 520.5m
Net Debt (985.2m) to EBITDA (806.6m): 1.22 < 3
Current Ratio: 1.82 > 1.5 & < 3
Outstanding Shares: last quarter (55.4m) vs 12m ago -2.47% < -2%
Gross Margin: 36.30% > 18% (prev 0.37%; Δ 3.59k% > 0.5%)
Asset Turnover: 116.0% > 50% (prev 113.9%; Δ 2.14% > 0%)
Interest Coverage Ratio: 13.13 > 6 (EBITDA TTM 806.6m / Interest Expense TTM 53.9m)
Altman Z'' 9.05
A: 0.21 (Total Current Assets 1.74b - Total Current Liabilities 956.7m) / Total Assets 3.78b
B: 1.15 (Retained Earnings 4.34b / Total Assets 3.78b)
C: 0.19 (EBIT TTM 708.1m / Avg Total Assets 3.65b)
D: 2.52 (Book Value of Equity 5.81b / Total Liabilities 2.31b)
Altman-Z'' Score: 9.05 = AAA
Beneish M -2.97
DSRI: 1.06 (Receivables 538.8m/482.0m, Revenue 4.23b/4.01b)
GMI: 1.02 (GM 36.30% / 36.86%)
AQI: 0.99 (AQ_t 0.35 / AQ_t-1 0.36)
SGI: 1.06 (Revenue 4.23b / 4.01b)
TATA: -0.04 (NI 520.5m - CFO 661.2m) / TA 3.78b)
Beneish M-Score: -2.97 (Cap -4..+1) = A
What is the price of LECO shares? As of April 10, 2026, the stock is trading at USD 256.11 with a total of 227,897 shares traded.
Over the past week, the price has changed by +5.11%, over one month by -3.70%, over three months by +1.82% and over the past year by +40.59%.
Is LECO a buy, sell or hold? Lincoln Electric Holdings has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy LECO.
  • StrongBuy: 5
  • Buy: 1
  • Hold: 3
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the LECO price?
Analysts Target Price 294.4 15%
Lincoln Electric Holdings (LECO) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 26.1729
P/E Forward = 22.6244
P/S = 3.1559
P/B = 9.0916
P/EG = 1.6143
Revenue TTM = 4.23b USD
EBIT TTM = 708.1m USD
EBITDA TTM = 806.6m USD
Long Term Debt = 1.15b USD (from longTermDebt, last quarter)
Short Term Debt = 143.8m USD (from shortTermDebt, last quarter)
Debt = 1.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 985.2m USD (from netDebt column, last quarter)
Enterprise Value = 14.34b USD (13.36b + Debt 1.29b - CCE 308.8m)
Interest Coverage Ratio = 13.13 (Ebit TTM 708.1m / Interest Expense TTM 53.9m)
EV/FCF = 26.85x (Enterprise Value 14.34b / FCF TTM 534.2m)
FCF Yield = 3.72% (FCF TTM 534.2m / Enterprise Value 14.34b)
FCF Margin = 12.62% (FCF TTM 534.2m / Revenue TTM 4.23b)
Net Margin = 12.30% (Net Income TTM 520.5m / Revenue TTM 4.23b)
Gross Margin = 36.30% ((Revenue TTM 4.23b - Cost of Revenue TTM 2.70b) / Revenue TTM)
Gross Margin QoQ = 34.90% (prev 36.68%)
Tobins Q-Ratio = 3.80 (Enterprise Value 14.34b / Total Assets 3.78b)
Interest Expense / Debt = 1.02% (Interest Expense 13.2m / Debt 1.29b)
Taxrate = 21.22% (36.6m / 172.7m)
NOPAT = 557.8m (EBIT 708.1m * (1 - 21.22%))
Current Ratio = 1.82 (Total Current Assets 1.74b / Total Current Liabilities 956.7m)
Debt / Equity = 0.88 (Debt 1.29b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 1.22 (Net Debt 985.2m / EBITDA 806.6m)
Debt / FCF = 1.84 (Net Debt 985.2m / FCF TTM 534.2m)
Total Stockholder Equity = 1.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.27% (Net Income 520.5m / Total Assets 3.78b)
RoE = 37.15% (Net Income TTM 520.5m / Total Stockholder Equity 1.40b)
RoCE = 27.78% (EBIT 708.1m / Capital Employed (Equity 1.40b + L.T.Debt 1.15b))
RoIC = 20.95% (NOPAT 557.8m / Invested Capital 2.66b)
WACC = 9.32% (E(13.36b)/V(14.65b) * Re(10.15%) + D(1.29b)/V(14.65b) * Rd(1.02%) * (1-Tc(0.21)))
Discount Rate = 10.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.18%
[DCF] Terminal Value 75.31% ; FCFF base≈513.5m ; Y1≈566.0m ; Y5≈729.4m
[DCF] Fair Price = 166.3 (EV 10.10b - Net Debt 985.2m = Equity 9.12b / Shares 54.8m; r=9.32% [WACC]; 5y FCF grow 11.73% → 3.0% )
EPS Correlation: 68.20 | EPS CAGR: 6.40% | SUE: 0.48 | # QB: 0
Revenue Correlation: 69.12 | Revenue CAGR: 4.17% | SUE: -0.50 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.83 | Chg7d=+0.004 | Chg30d=-0.004 | Revisions Net=+2 | Analysts=9
EPS current Year (2026-12-31): EPS=10.84 | Chg7d=+0.029 | Chg30d=+0.021 | Revisions Net=+5 | Growth EPS=+9.9% | Growth Revenue=+6.5%
EPS next Year (2027-12-31): EPS=11.88 | Chg7d=+0.027 | Chg30d=+0.031 | Revisions Net=-2 | Growth EPS=+9.5% | Growth Revenue=+5.3%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.3% (Discount Rate 10.2% - Earnings Yield 3.8%)
[Growth] Growth Spread = +0.1% (Analyst 6.4% - Implied 6.3%)
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