Lincoln Electric Holdings annual gross margin
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Lincoln Electric Holdings Gross Margin Growth & History (LECO)
Lincoln Electric Holdings's gross margin was 36.25% for fiscal 2025.
View full Lincoln Electric Holdings company overviewLincoln Electric Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.25% | −0.50 pp |
| 2024 | 2024-12-31 | 36.74% | +1.78 pp |
| 2023 | 2023-12-31 | 34.96% | +0.91 pp |
| 2022 | 2022-12-31 | 34.05% | +1.01 pp |
| 2021 | 2021-12-31 | 33.04% | +0.23 pp |
| 2020 | 2020-12-31 | 32.81% | −0.74 pp |
| 2019 | 2019-12-31 | 33.55% | −0.41 pp |
| 2018 | 2018-12-31 | 33.96% | +0.61 pp |
| 2017 | 2017-12-31 | 33.34% | −1.24 pp |
| 2016 | 2016-12-31 | 34.58% | +1.41 pp |
| 2015 | 2015-12-31 | 33.17% | −0.57 pp |
| 2014 | 2014-12-31 | 33.74% | +0.70 pp |
| 2013 | 2013-12-31 | 33.04% | +2.67 pp |
| 2012 | 2012-12-31 | 30.37% | +3.03 pp |
| 2011 | 2011-12-31 | 27.34% | — |
Lincoln Electric Holdings quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 36.81% | −0.44 pp |
| Q1 2026 | 2026-03-31 | 35.59% | −0.79 pp |
| Q4 2025 | 2025-12-31 | 34.67% | −1.40 pp |
| Q3 2025 | 2025-09-30 | 36.68% | +0.90 pp |
| Q2 2025 | 2025-06-30 | 37.25% | −0.32 pp |
| Q1 2025 | 2025-03-31 | 36.39% | −1.16 pp |
| Q4 2024 | 2024-12-31 | 36.07% | +1.02 pp |
| Q3 2024 | 2024-09-30 | 35.79% | +0.40 pp |
| Q2 2024 | 2024-06-30 | 37.57% | +2.36 pp |
| Q1 2024 | 2024-03-31 | 37.55% | +3.36 pp |
| Q4 2023 | 2023-12-31 | 35.05% | +1.97 pp |
| Q3 2023 | 2023-09-30 | 35.39% | +2.29 pp |
| Q2 2023 | 2023-06-30 | 35.21% | +0.82 pp |
| Q1 2023 | 2023-03-31 | 34.19% | −1.44 pp |
| Q4 2022 | 2022-12-31 | 33.08% | +0.79 pp |
| Q3 2022 | 2022-09-30 | 33.10% | −0.16 pp |
| Q2 2022 | 2022-06-30 | 34.39% | +1.24 pp |
| Q1 2022 | 2022-03-31 | 35.63% | +2.11 pp |
| Q4 2021 | 2021-12-31 | 32.30% | −0.75 pp |
| Q3 2021 | 2021-09-30 | 33.25% | +1.05 pp |
| Q2 2021 | 2021-06-30 | 33.15% | +1.10 pp |
| Q1 2021 | 2021-03-31 | 33.52% | −0.29 pp |
| Q4 2020 | 2020-12-31 | 33.04% | +0.32 pp |
| Q3 2020 | 2020-09-30 | 32.20% | −0.42 pp |
| Q2 2020 | 2020-06-30 | 32.06% | −2.67 pp |
| Q1 2020 | 2020-03-31 | 33.81% | −0.23 pp |
| Q4 2019 | 2019-12-31 | 32.72% | −0.93 pp |
| Q3 2019 | 2019-09-30 | 32.62% | −1.51 pp |
| Q2 2019 | 2019-06-30 | 34.73% | +0.54 pp |
| Q1 2019 | 2019-03-31 | 34.04% | +0.18 pp |
| Q4 2018 | 2018-12-31 | 33.65% | +1.76 pp |
| Q3 2018 | 2018-09-30 | 34.13% | +1.58 pp |
| Q2 2018 | 2018-06-30 | 34.19% | −0.32 pp |
| Q1 2018 | 2018-03-31 | 33.86% | −1.03 pp |
| Q4 2017 | 2017-12-31 | 31.89% | −2.65 pp |
| Q3 2017 | 2017-09-30 | 32.54% | −2.66 pp |
| Q2 2017 | 2017-06-30 | 34.51% | +0.25 pp |
| Q1 2017 | 2017-03-31 | 34.89% | +0.55 pp |
| Q4 2016 | 2016-12-31 | 34.54% | +0.01 pp |
| Q3 2016 | 2016-09-30 | 35.20% | +4.37 pp |
| Q2 2016 | 2016-06-30 | 34.25% | +0.29 pp |
| Q1 2016 | 2016-03-31 | 34.34% | +0.84 pp |
| Q4 2015 | 2015-12-31 | 34.52% | +0.74 pp |
| Q3 2015 | 2015-09-30 | 30.83% | −2.93 pp |
| Q2 2015 | 2015-06-30 | 33.97% | −0.39 pp |
| Q1 2015 | 2015-03-31 | 33.50% | +0.46 pp |
| Q4 2014 | 2014-12-31 | 33.79% | −0.22 pp |
| Q3 2014 | 2014-09-30 | 33.75% | +0.12 pp |
| Q2 2014 | 2014-06-30 | 34.35% | +1.31 pp |
| Q1 2014 | 2014-03-31 | 33.04% | +1.51 pp |
| Q4 2013 | 2013-12-31 | 34.00% | +2.89 pp |
| Q3 2013 | 2013-09-30 | 33.63% | +3.05 pp |
| Q2 2013 | 2013-06-30 | 33.04% | +2.80 pp |
| Q1 2013 | 2013-03-31 | 31.53% | +1.93 pp |
| Q4 2012 | 2012-12-31 | 31.12% | — |
| Q3 2012 | 2012-09-30 | 30.59% | — |
| Q2 2012 | 2012-06-30 | 30.24% | — |
| Q1 2012 | 2012-03-31 | 29.61% | — |
Lincoln Electric Holdings gross margin trends
Over the last five reported fiscal years, Lincoln Electric Holdings's gross margin increased from 32.81% to 36.25%, a change of +3.43 percentage points. The latest reported quarter, Q2 2026, shows 36.81%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lincoln Electric Holdings filings at SEC.gov ↗