Company / Gross Margin
Lincoln Electric Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
36.3%
FY2025
5-year range
32.8% / 36.7%
FY2021-FY2025
Trend
-1.3%
vs FY2024
Sector context
#68 of 186
Industrials
What the data says
At 36.3%, Lincoln Electric's gross margin ranks #68 of 186 in the Industrials sector. Gross Margin has fluctuated over the past 10 years, ranging from 32.8% in FY2022 to 36.7% in FY2024.
Based on SEC 10-K filings.
36.3% in FY2025 with a 5-year CAGR of +3.4%.
Improved from 35.0% to 36.3% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +3.4pp
- 5-Year Change
- +3.4pp
- 10-Year Change
- -
Sector benchmark
#68 of 186 in IndustrialsTop 37% of 186This company 36.3% Sector average 28.8%
▼
+25.9% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.3% year-over-year.
- Currently 7.5pp above the Industrials sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 3.10 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 37.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 36.3% | -1.3% |
| FY2024 | 36.7% | +5.1% |
| FY2023 | 35.0% | +6.6% |
| FY2022 | 32.8% | -2.2% |
| FY2021 | 33.6% | +2.3% |
| FY2020 | 32.8% | -2.2% |
| FY2019 | 33.6% | -3.0% |
| FY2018 | 34.6% | +4.3% |
| FY2017 | 33.2% | -1.7% |
| FY2016 | 33.7% | +2.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026