Company / Operating Margin
Lincoln Electric Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
17.0%
FY2025
5-year range
10.6% / 17.1%
FY2021-FY2025
Trend
+6.8%
vs FY2024
Sector context
#68 of 304
Industrials
What the data says
Lincoln Electric's operating margin of 17.0% is higher than 78% of companies in the Industrials sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 7.2% in FY2017 to 17.1% in FY2023.
Based on SEC 10-K filings.
17.0% in FY2025 with a 5-year CAGR of +6.3%. Top quartile in the Industrials sector.
Remained stable around 17.0% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.3pp
- 5-Year Change
- +6.3pp
- 10-Year Change
- -
Sector benchmark
+102.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 6.8% year-over-year.
- Currently 859.9pp above the Industrials sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2017.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 17.0% | +6.8% |
| FY2024 | 15.9% | -7.3% |
| FY2023 | 17.1% | +61.3% |
| FY2022 | 10.6% | -14.0% |
| FY2021 | 12.3% | +16.3% |
| FY2020 | 10.6% | -14.0% |
| FY2019 | 12.3% | -1.0% |
| FY2018 | 12.5% | +73.9% |
| FY2017 | 7.2% | -46.0% |
| FY2016 | 13.3% | -6.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026