Lincoln Electric Holdings annual operating margin
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Lincoln Electric Holdings Operating Margin Growth & History (LECO)
Lincoln Electric Holdings's operating margin was 16.96% for fiscal 2025.
View full Lincoln Electric Holdings company overviewLincoln Electric Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 16.96% | +1.09 pp |
| 2024 | 2024-12-31 | 15.88% | −1.25 pp |
| 2023 | 2023-12-31 | 17.13% | +0.85 pp |
| 2022 | 2022-12-31 | 16.28% | +2.01 pp |
| 2021 | 2021-12-31 | 14.27% | +3.65 pp |
| 2020 | 2020-12-31 | 10.62% | −1.73 pp |
| 2019 | 2019-12-31 | 12.35% | −0.05 pp |
| 2018 | 2018-12-31 | 12.40% | −1.96 pp |
| 2017 | 2017-12-31 | 14.36% | +1.89 pp |
| 2016 | 2016-12-31 | 12.47% | +5.30 pp |
| 2015 | 2015-12-31 | 7.17% | −6.12 pp |
| 2014 | 2014-12-31 | 13.28% | −0.98 pp |
| 2013 | 2013-12-31 | 14.27% | +1.58 pp |
| 2012 | 2012-12-31 | 12.69% | +1.68 pp |
| 2011 | 2011-12-31 | 11.01% | — |
Lincoln Electric Holdings quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.09% | +0.44 pp |
| Q1 2026 | 2026-03-31 | 16.60% | +0.18 pp |
| Q4 2025 | 2025-12-31 | 17.09% | −0.23 pp |
| Q3 2025 | 2025-09-30 | 16.65% | +1.85 pp |
| Q2 2025 | 2025-06-30 | 17.65% | +3.08 pp |
| Q1 2025 | 2025-03-31 | 16.42% | −0.40 pp |
| Q4 2024 | 2024-12-31 | 17.32% | −1.96 pp |
| Q3 2024 | 2024-09-30 | 14.80% | −1.80 pp |
| Q2 2024 | 2024-06-30 | 14.57% | −2.22 pp |
| Q1 2024 | 2024-03-31 | 16.82% | +1.01 pp |
| Q4 2023 | 2023-12-31 | 19.28% | +4.08 pp |
| Q3 2023 | 2023-09-30 | 16.59% | +1.40 pp |
| Q2 2023 | 2023-06-30 | 16.78% | −0.49 pp |
| Q1 2023 | 2023-03-31 | 15.81% | −1.61 pp |
| Q4 2022 | 2022-12-31 | 15.20% | +0.94 pp |
| Q3 2022 | 2022-09-30 | 15.19% | +0.86 pp |
| Q2 2022 | 2022-06-30 | 17.28% | +2.54 pp |
| Q1 2022 | 2022-03-31 | 17.42% | +3.69 pp |
| Q4 2021 | 2021-12-31 | 14.26% | +2.23 pp |
| Q3 2021 | 2021-09-30 | 14.33% | +2.70 pp |
| Q2 2021 | 2021-06-30 | 14.74% | +8.01 pp |
| Q1 2021 | 2021-03-31 | 13.73% | +2.18 pp |
| Q4 2020 | 2020-12-31 | 12.03% | +0.79 pp |
| Q3 2020 | 2020-09-30 | 11.63% | −0.49 pp |
| Q2 2020 | 2020-06-30 | 6.73% | −6.81 pp |
| Q1 2020 | 2020-03-31 | 11.55% | −0.90 pp |
| Q4 2019 | 2019-12-31 | 11.23% | −1.53 pp |
| Q3 2019 | 2019-09-30 | 12.12% | −1.56 pp |
| Q2 2019 | 2019-06-30 | 13.54% | +1.56 pp |
| Q1 2019 | 2019-03-31 | 12.44% | +1.20 pp |
| Q4 2018 | 2018-12-31 | 12.76% | +2.55 pp |
| Q3 2018 | 2018-09-30 | 13.67% | −6.59 pp |
| Q2 2018 | 2018-06-30 | 11.98% | −1.67 pp |
| Q1 2018 | 2018-03-31 | 11.24% | −2.43 pp |
| Q4 2017 | 2017-12-31 | 10.21% | −3.69 pp |
| Q3 2017 | 2017-09-30 | 20.26% | +5.84 pp |
| Q2 2017 | 2017-06-30 | 13.65% | +5.53 pp |
| Q1 2017 | 2017-03-31 | 13.67% | −0.00 pp |
| Q4 2016 | 2016-12-31 | 13.91% | +0.10 pp |
| Q3 2016 | 2016-09-30 | 14.42% | +27.44 pp |
| Q2 2016 | 2016-06-30 | 8.12% | −6.44 pp |
| Q1 2016 | 2016-03-31 | 13.67% | −0.08 pp |
| Q4 2015 | 2015-12-31 | 13.81% | −1.53 pp |
| Q3 2015 | 2015-09-30 | −13.02% | −23.66 pp |
| Q2 2015 | 2015-06-30 | 14.56% | −0.85 pp |
| Q1 2015 | 2015-03-31 | 13.76% | +2.01 pp |
| Q4 2014 | 2014-12-31 | 15.34% | −1.30 pp |
| Q3 2014 | 2014-09-30 | 10.63% | −3.12 pp |
| Q2 2014 | 2014-06-30 | 15.41% | +1.08 pp |
| Q1 2014 | 2014-03-31 | 11.74% | −0.59 pp |
| Q4 2013 | 2013-12-31 | 16.63% | +4.12 pp |
| Q3 2013 | 2013-09-30 | 13.76% | +1.04 pp |
| Q2 2013 | 2013-06-30 | 14.33% | +1.43 pp |
| Q1 2013 | 2013-03-31 | 12.33% | −0.27 pp |
| Q4 2012 | 2012-12-31 | 12.52% | — |
| Q3 2012 | 2012-09-30 | 12.72% | — |
| Q2 2012 | 2012-06-30 | 12.91% | — |
| Q1 2012 | 2012-03-31 | 12.60% | — |
Lincoln Electric Holdings operating margin trends
Over the last five reported fiscal years, Lincoln Electric Holdings's operating margin increased from 10.62% to 16.96%, a change of +6.34 percentage points. The latest reported quarter, Q2 2026, shows 18.09%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗