Company / R&D Expense
Lincoln Electric R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$85.5M
FY2025
5-year range
$51.4M / $85.5M
FY2021-FY2025
Trend
+4.6%
vs FY2024
Sector context
#79 of 174
Industrials
What the data says
At $86M, Lincoln Electric's r&d expense ranks #79 of 174 in the Industrials sector. R&D Expense has increased for 3 consecutive years, from $51M in FY2022 to $86M in FY2025.
Based on SEC 10-K filings.
$86M in FY2025 with a 5-year CAGR of +10.7%.
Improved from $71M to $86M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +18.5%
- 5-Year CAGR
- +10.7%
- 10-Year CAGR
- -
Sector benchmark
#79 of 174 in IndustrialsTop 45% of 174This company $85.5M Sector average $273.7M
▼
-68.7% below sector average
Key checks
Key Insights
- Lincoln Electric's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +10.7%, indicating consistent growth.
- In FY2025, r&d expense increased 4.6% year-over-year.
- Ranks #79 out of 174 companies in the Industrials sector.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $85.5M | +4.6% |
| FY2024 | $81.8M | +14.9% |
| FY2023 | $71.2M | +38.6% |
| FY2022 | $51.4M | -9.6% |
| FY2021 | $56.8M | +10.6% |
| FY2020 | $51.4M | -9.6% |
| FY2019 | $56.8M | +27.1% |
| FY2018 | $44.7M | -5.2% |
| FY2017 | $47.2M | +9.1% |
| FY2016 | $43.3M | +2.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026