Lincoln Electric Income Statement
LECO / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Lincoln Electric reported $4.2B in revenue and $521M in net income for FY2025. Revenue has grown at a 6.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2B | $4.0B | $4.2B | $2.7B | $3.0B | $2.7B | $3.0B | $2.3B | $2.5B | $2.8B | $2.9B | $2.9B | $2.7B | $2.1B | $1.7B |
| Cost of Revenue | $2.7B | $2.5B | $2.7B | $1.8B | $2.0B | $1.8B | $2.0B | $1.5B | $1.7B | $1.9B | $1.9B | $2.0B | $2.0B | $1.5B | $1.3B |
| Gross Profit | $1.5B | $1.5B | $1.5B | $871.3M | $1.0B | $871.3M | $1.0B | $786.6M | $841.1M | $949.3M | $942.7M | $866.7M | $736.7M | $563.8M | $456.3M |
| SG&A Expense | $798.0M | $780.6M | $758.9M | $543.8M | $621.5M | $543.8M | $621.5M | $468.6M | $496.7M | $545.5M | $527.2M | $495.2M | $439.8M | $377.8M | $333.1M |
| R&D Expense | $85.5M | $81.8M | $71.2M | $51.4M | $56.8M | $51.4M | $56.8M | $44.7M | $47.2M | $43.3M | $42.1M | $37.3M | $32.8M | $29.5M | $27.6M |
| Operating Income | $718.1M | $636.5M | $717.8M | $282.1M | $370.9M | $282.1M | $370.9M | $283.6M | $181.7M | $373.7M | $407.0M | $362.1M | $296.7M | $186.4M | $93.2M |
| Interest Expense | - | $52.9M | $51.1M | $24.0M | $25.9M | $24.0M | $25.9M | $19.1M | $21.8M | $10.4M | $2.9M | $4.2M | $6.7M | $6.7M | $8.5M |
| Income Tax | $154.9M | $128.0M | $141.6M | $57.9M | $75.4M | $57.9M | $75.4M | $79.0M | $42.4M | $121.9M | $124.8M | $112.4M | $84.3M | $54.9M | $37.9M |
| Net Income | $520.5M | $466.1M | $545.2M | $206.1M | $293.1M | $206.1M | $293.1M | $198.4M | $127.4M | $253.9M | $291.7M | $257.2M | $217.0M | $132.2M | $48.8M |
| EPS (Basic) | $9.50 | $8.14 | $4.66 | $3.46 | $4.73 | $4.42 | $3.76 | $2.94 | $1.72 | $3.22 | $3.58 | $3.10 | $2.60 | $1.54 | $0.57 |
| EPS (Diluted) | $9.37 | $8.04 | $4.60 | $3.42 | $4.68 | $4.37 | $3.71 | $2.91 | $1.70 | $3.18 | $3.54 | $3.06 | $2.56 | $1.53 | $0.57 |
| Shares Outstanding | 56.2M | 57.0M | 57.6M | 58.8M | 59.6M | 60.6M | 63.5M | 65.7M | 65.7M | 70.7M | 77.0M | 81.0M | 82.9M | 83.8M | 84.2M |
| Gross Margin | 36.3% | 36.7% | 35.0% | 32.8% | 33.6% | 32.8% | 33.6% | 34.6% | 33.2% | 33.7% | 33.0% | 30.4% | 27.3% | 27.2% | 26.4% |
| Operating Margin | 17.0% | 15.9% | 17.1% | 10.6% | 12.3% | 10.6% | 12.3% | 12.5% | 7.2% | 13.3% | 14.3% | 12.7% | 11.0% | 9.0% | 5.4% |
| Profit Margin | 12.3% | 11.6% | 13.0% | 7.8% | 9.8% | 7.8% | 9.8% | 8.7% | 5.0% | 9.0% | 10.2% | 9.0% | 8.1% | 6.4% | 2.8% |