Lincoln Electric Holdings Inc
Research Lincoln Electric Holdings Inc (LECO) on Bullrun: valuation model: 7.0% overvalued, market cap USD 14.23B, P/E 26.1, dividend yield 1.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerLECO
- ExchangeNASDAQ
- CountryUnited States
- SectorIndustrials
- IndustryTools & Accessories
- CurrencyUSD
- Valuation signal7.0% overvalued
- Market capUSD 14.23B
- P/E26.1
- Dividend yield1.2%
- Financial periodQ2 2026
- RevenueUSD 1.22B
- Net incomeUSD 158.52M
- Free cash flowUSD 222.33M
- Gross margin36.8%
Valuation Snapshot
Bullrun's latest valuation model marks Lincoln Electric Holdings Inc as 7.0% overvalued; latest market cap is USD 14.23B; P/E is 26.1; dividend yield is 1.2%.
Peer valuation comparison
Latest P/E is 26.1x versus a Industrials sector median of 21.2x (23.2% above).
Latest dividend yield is 1.22% versus a Industrials sector median of 2.27% (46.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 4.23B | USD 520.53M | USD 534.20M | 36.2% | 9.32 | USD 308.79M | USD 1.29B | USD 1.47B |
| FY2024 | USD 4.01B | USD 466.11M | USD 482.37M | 36.7% | 8.15 | USD 377.26M | USD 1.26B | USD 1.33B |
| FY2023 | USD 4.19B | USD 545.25M | USD 576.56M | 35.0% | 9.37 | USD 393.79M | USD 1.11B | USD 1.31B |
| FY2022 | USD 3.76B | USD 472.22M | USD 311.50M | 34.1% | 8.04 | USD 197.15M | USD 1.20B | USD 1.03B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 14.23B | 26.1 | 1.2% | 3.16 |
| 2025 | 2025-12-31 | USD 13.14B | 25.7 | 1.3% | 3.04 |
| 2024 | 2024-12-31 | USD 10.54B | 23.0 | 1.5% | 2.88 |
| 2023 | 2023-12-29 | USD 12.44B | 25.5 | 1.2% | 2.63 |
| 2022 | 2022-12-30 | USD 8.34B | 19.5 | 1.6% | 2.32 |
| 2021 | 2021-12-31 | USD 8.20B | 30.3 | 1.5% | 2.09 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.16 USD, yield 1.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.04 USD |
| FY2024 | 2.88 USD |
| FY2023 | 2.63 USD |
| FY2022 | 2.32 USD |
About Lincoln Electric Holdings Inc
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions;
ETFs that hold Lincoln Electric Holdings Inc
Lincoln Electric Holdings Inc is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation | 0.44% | 0.70% |
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Frequently asked questions
Is Lincoln Electric Holdings Inc overvalued or undervalued?
Bullrun's valuation model currently marks Lincoln Electric Holdings Inc as 7.0% overvalued.
What is Lincoln Electric Holdings Inc's market cap?
Lincoln Electric Holdings Inc's market capitalization is USD 14.23B.
What is Lincoln Electric Holdings Inc's P/E ratio?
Lincoln Electric Holdings Inc's price-to-earnings (P/E) ratio is 26.1.
Does Lincoln Electric Holdings Inc pay a dividend?
Lincoln Electric Holdings Inc has a dividend yield of 1.2%.
What does Lincoln Electric Holdings Inc do?
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group.