To the full analysis
Lincoln Electric Holdings stock: growth
LECOLincoln Electric Holdings reported $4.23B in revenue for fiscal 2025, up 5.5% on the prior year, up 9.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
4.1%
per year from 2006 to 2025, per share 6.5%
Earnings (Annual rate)
5.9%
per year from 2006 to 2025, per share 8.3%
Free cash flow (Annual rate)
14.2%
per year from 2006 to 2025, per share 16.8%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 9.8% | 5.3% | 4.1% |
| Revenue per share | 11.4% | 8.4% | 6.5% |
| Earnings | 20.4% | 15.1% | 5.9% |
| Earnings per share | 22.1% | 18.5% | 8.3% |
| Free cash flow | 12.8% | 7.5% | 14.2% |
| Free cash flow per share | 14.5% | 10.6% | 16.8% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.97B | $175.01M | $42.68M |
| 2007 | $2.28B | $202.74M | $188.2M |
| 2008 | $2.48B | $212.29M | $185.02M |
| 2009 | $1.73B | $48.58M | $212.15M |
| 2010 | $2.07B | $130.24M | $96.41M |
| 2011 | $2.69B | $217.19M | $127.71M |
| 2012 | $2.85B | $257.41M | $274.77M |
| 2013 | $2.85B | $293.78M | $262.88M |
| 2014 | $2.81B | $254.69M | $328.71M |
| 2015 | $2.54B | $127.48M | $260.35M |
| 2016 | $2.27B | $198.4M | $253.53M |
| 2017 | $2.62B | $247.5M | $273.19M |
| 2018 | $3.03B | $287.07M | $257.91M |
| 2019 | $3B | $293.11M | $333.57M |
| 2020 | $2.66B | $206.12M | $292.16M |
| 2021 | $3.23B | $276.58M | $302.53M |
| 2022 | $3.76B | $472.22M | $311.5M |
| 2023 | $4.19B | $545.25M | $576.56M |
| 2024 | $4.01B | $466.11M | $482.37M |
| 2025 | $4.23B | $520.53M | $534.2M |
Revenue by segment
How Lincoln Electric Holdings, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Americas Welding67%
- International Welding23%
- The Harris Products Group14%
Figures as a table
| 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|
| Americas Welding | $2.41B | $2.78B | $2.7B | $2.85B | 67.4% |
| International Welding | $985.78M | $1.07B | $969.58M | $961.03M | 22.7% |
| The Harris Products Group | $529.04M | $506.73M | $522.42M | $593.66M | 14% |
| Total revenue | $3.76B | $4.19B | $4.01B | $4.23B | 100% |
Revenue by region
Where Lincoln Electric Holdings, Inc. generates its revenue.
- United States$2.6B62%
- Outside the US$1.6B38%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| United States | $2.63B | 62.2% |
| Outside the US | $1.6B | 37.8% |
| Total revenue | $4.23B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 May 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.