# Lincoln Electric Holdings share price today (Lincoln Electric Holdings, Inc., LECO)

> Lincoln Electric Holdings, Inc.'s results are improving, and its P/E is near the top of its own history, higher than 90% of past readings. LECO · Industrials · Tools & Accessories · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/leco

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $284.55 (+21.4% in a year)
- P/E: 27.3× (higher than 90% of the last 4.6 years)
- Revenue (Jun 2026): $1.2 B (+12.0% on a year ago)
- Profit (Jun 2026): $159 M (+10.5% on a year ago)
- Operating margin: 18.2% (+1.5 points on a year ago)
- ROE: 35%, FY25
- ROIC: 25.1%, against a 10.4% cost of capital: +14.7 points

The main question: results are strong, and the P/E is higher than 90% of its own history. ## What is the Lincoln Electric Holdings share price today? Lincoln Electric Holdings, Inc.'s share price was $284.55 at the close on 3 November 2026. It has been rising for 2 weeks. That is 6.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between $226 and $299, and at that close it sat 80% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row. Over the last 10 years the share price moved +378% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Lincoln Electric Holdings pay? Lincoln Electric Holdings, Inc. paid $3.12 per share over the last four reported quarters. The most recent declaration was $0.79 for Jun 2026. At today's price of $284.55 that is a yield of 1.10%, based on dividends already paid, not a forecast. ## Which stock lists is Lincoln Electric Holdings on? Lincoln Electric Holdings is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Lincoln Electric Holdings profitable? Lincoln Electric Holdings, Inc. earned $159 M of net profit in the Jun 2026 quarter, +10.5% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $521 M. Over 4 years profit has grown 17.1% a year on average. That is 13.0% of the quarter's revenue. The same quarter a year earlier earned $143 M. For the full year, FY25 profit was $521 M (+11.7% on the year before). Why profit moved: revenue changed +12.0% on a year earlier and the margin moved +1.5 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +11.1% and revenue +9.3%. Profit and revenue are moving at about the same pace. ## How much revenue does Lincoln Electric Holdings make, and is it growing? Lincoln Electric Holdings, Inc. reported $1.2 B of revenue in the Jun 2026 quarter, +12.0% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 7.0% a year on average. The last full year, FY25, came in at $4.2 B. The last four reported quarters add to $4.5 B. FY25 revenue was $4.2 B, +5.6% on the year before. Recent pace: the last four quarters grew +9.3% on average, against 7.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.3%, against +4.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +10.1%, against +4.1% a year (accelerating). ## How much of every $100 of sales does Lincoln Electric Holdings keep? Lincoln Electric Holdings, Inc.'s operating margin was 18.2% in the Jun 2026 quarter, 1.5 percentage points higher than the same quarter a year ago. Across 5 years it has been between 16.8% and 18.4%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.5 percentage points on the year while gross margin changed −0.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Lincoln Electric Holdings' profit turning into cash? Over the last 3 years, 126% of Lincoln Electric Holdings, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $661 M of operating cash against $521 M of profit. After $127 M of spending on assets, $534 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Lincoln Electric Holdings' cash go? Lincoln Electric Holdings, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $335 M on assets over the last 3 years. Averaged over those years that is 2.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $335 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Lincoln Electric Holdings' P/E ratio, and how does it compare with its own history? Lincoln Electric Holdings, Inc.'s P/E is 27.3×, near the high end of its own history: higher than 90% of past readings. Its usual P/E (the middle reading) is 24.1×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +14.4% while the price moved +21.4%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +15.7% a year; about +5.5% a year came from earnings growth and about +10.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Lincoln Electric Holdings business getting better or worse? Lincoln Electric Holdings, Inc.'s business is turning around. Profit growth has swung from −14.5% at its low to +10.1%, rising from a low 5 quarters ago, with ROCE steady at 27.8%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Lincoln Electric Holdings earn on its capital? Lincoln Electric Holdings, Inc. earned a ROE of 35% in FY25. That is up from a low of 32% in FY21. Its return on capital used (ROIC) is 14.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.3% net margin and 1.12× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 12.3% net margin × 1.12× asset turnover × 2.57× leverage (assets divided by equity) ≈ 35.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 25.1% − 10.4% = +14.7 percentage points. The 10.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 25.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 22.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Lincoln Electric Holdings have too much debt? Lincoln Electric Holdings, Inc. has total debt of $1.2 B against shareholder equity of $1.6 B as of Jun 2026, so its debt is 0.77× its equity. Year by year, that ratio went from 0.95 in FY21 to 0.92 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Lincoln Electric Holdings shareholding pattern? 1.9% of Lincoln Electric Holdings, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Lincoln Electric Holdings from balance-sheet trouble? For Lincoln Electric Holdings, Inc., the Z-score is 7.46. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 7.46 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Lincoln Electric Holdings rank in its industry? 57.6 out of 100, rank 3 of 9 in Tools & Accessories, with 66% of the evidence available. Lincoln Electric Holdings, Inc. scores 57.6 out of 100 against the 9 companies it is compared with in Tools & Accessories, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.2 + 18.2 + 7.5 + 13.7 = 57.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Lincoln Electric Holdings compared with? Lincoln Electric Holdings ranks 3 of 9 Tools & Accessories companies on the 4-Factor Sector Score, with 57.6 out of 100. 1. [Kennametal Inc.](https://www.sectoralpha.in/us/stocks/kmt) KMT · quiet · Evidence leans up · 66% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 19.9% · Profit 100% · Operating margin change 34.1 points · 53% evidence Capital efficiency 17.3/25 · ROCE 19.2% · Operating margin 41.3% · 57% evidence Valuation 15.5/20 · P/E 7.8× · PEG 0.73 · 65% evidence Relative strength 1.5/20 · Lead over its industry -15.8% · Lead over S&P 500 -13% · 1 year 16.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.6 + 17.3 + 15.5 + 1.5 = 60.9 · What this means: Earnings are strong; relative strength in its sector is -15.8% and the one-year return is 16.3%. 2. [The Toro Company](https://www.sectoralpha.in/us/stocks/ttc) TTC · turning · Evidence leans up · 81% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.2% · Profit 8.7% · Operating margin change 0.4 points · 83% evidence Capital efficiency 17.5/25 · ROCE 21.7% · Operating margin 14% · 76% evidence Valuation 9.7/20 · P/E 24.1× · PEG 1.81 · 65% evidence Relative strength 17.2/20 · Lead over its industry 7.3% · Lead over S&P 500 11% · 1 year 47.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 14.4 + 17.5 + 9.7 + 17.2 = 58.8 · What this means: Relative strength against the index is 11%, and revenue and profit growth are weak. 3. Lincoln Electric Holdings, Inc. this page LECO · turning · Evidence leans up · 66% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 9.3% · Profit 10.4% · Operating margin change 1.5 points · 53% evidence Capital efficiency 18.2/25 · ROCE 26.8% · Operating margin 18.2% · 57% evidence Valuation 7.5/20 · P/E 26.3× · PEG 2.09 · 65% evidence Relative strength 13.7/20 · Lead over its industry -0.2% · Lead over S&P 500 3.5% · 1 year 25.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 18.2 + 18.2 + 7.5 + 13.7 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Stanley Black & Decker, Inc.](https://www.sectoralpha.in/us/stocks/swk) SWK · turning · Too little evidence to rank firmly · 56% evidence 52.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue n/a · Profit n/a · Operating margin change -0.6 points · 39% evidence Capital efficiency 7.0/25 · ROCE 8.3% · Operating margin 8.4% · 76% evidence Valuation 10.4/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 16.4/20 · Lead over its industry 14.9% · Lead over S&P 500 19% · 1 year 53.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 18.4 + 7 + 10.4 + 16.4 = 52.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [The Timken Company](https://www.sectoralpha.in/us/stocks/tkr) TKR · quiet · Evidence leans up · 66% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/35 · Revenue 5.5% · Profit -16.8% · Operating margin change 7.6 points · 53% evidence Capital efficiency 13.6/25 · ROCE 11.7% · Operating margin 20.5% · 57% evidence Valuation 14.3/20 · P/E 39× · PEG 0.62 · 65% evidence Relative strength 5.8/20 · Lead over its industry -3.6% · Lead over S&P 500 -0.4% · 1 year 46.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.8 + 13.6 + 14.3 + 5.8 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. The Eastern Company EML · turning · Too little evidence to rank firmly · 56% evidence 48.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue n/a · Profit n/a · Operating margin change -1 points · 39% evidence Capital efficiency 5.0/25 · ROCE 3.7% · Operating margin 2.6% · 76% evidence Valuation 10.8/20 · P/E 21.8× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 19% · Lead over S&P 500 23.5% · 1 year 46.2% · 100% evidence · 7 of 12 weeks ahead Exact sum: 12.4 + 5 + 10.8 + 20 = 48.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Snap-on Incorporated](https://www.sectoralpha.in/us/stocks/sna) SNA · basing · Evidence leans down · 64% evidence 44.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 2.9% · Profit -0.2% · Operating margin change 0.1 points · 62% evidence Capital efficiency 17.0/25 · ROCE 17.9% · Operating margin 24.9% · 76% evidence Valuation 11.1/20 · P/E 18.9× · PEG n/a · 15% evidence Relative strength 3.3/20 · Lead over its industry -10.8% · Lead over S&P 500 -7.6% · 1 year 5.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.3 + 17 + 11.1 + 3.3 = 44.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [RBC Bearings Incorporated](https://www.sectoralpha.in/us/stocks/rbc) RBC · quiet · Evidence leans down · 66% evidence 40.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 17.4% · Profit 29.4% · Operating margin change 3.7 points · 53% evidence Capital efficiency 12.0/25 · ROCE 10.2% · Operating margin 27.2% · 57% evidence Valuation 5.1/20 · P/E 62× · PEG 2.26 · 65% evidence Relative strength 1.6/20 · Lead over its industry -14% · Lead over S&P 500 -11.1% · 1 year 14.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.9 + 12 + 5.1 + 1.6 = 40.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hillman Solutions Corp.](https://www.sectoralpha.in/us/stocks/hlmn) HLMN · basing · Too little evidence to rank firmly · 56% evidence 39.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 6.5% · Profit 86.4% · Operating margin change -0.6 points · 53% evidence Capital efficiency 6.5/25 · ROCE 5.1% · Operating margin 8.3% · 57% evidence Valuation 8.9/20 · P/E 40.4× · PEG n/a · 15% evidence Relative strength 8.0/20 · Lead over its industry -7.6% · Lead over S&P 500 -4.2% · 1 year -4.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.4 + 6.5 + 8.9 + 8 = 39.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Dec 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Tools & Accessories](https://www.sectoralpha.in/us/sectors/tools-accessories), all 9 compared on one page. ## Which companies are close to Lincoln Electric Holdings in size? Lincoln Electric Holdings is the 4th largest of 8 Tools & Accessories companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Snap-on Incorporated, Stanley Black & Decker, Inc. and RBC Bearings Incorporated. Just below it: The Toro Company, The Timken Company and Kennametal Inc. ### Tools & Accessories companies close in size

1. [Snap-on Incorporated](https://www.sectoralpha.in/us/stocks/sna) $18.7 billion
2. [Stanley Black & Decker, Inc.](https://www.sectoralpha.in/us/stocks/swk) $15.8 billion
3. [RBC Bearings Incorporated](https://www.sectoralpha.in/us/stocks/rbc) $15.7 billion
4. Lincoln Electric Holdings, Inc. $15.4 billion
5. [The Toro Company](https://www.sectoralpha.in/us/stocks/ttc) $10.2 billion
6. [The Timken Company](https://www.sectoralpha.in/us/stocks/tkr) $8 billion
7. [Kennametal Inc.](https://www.sectoralpha.in/us/stocks/kmt) $2.3 billion

[All 8 Tools & Accessories companies, largest first](https://www.sectoralpha.in/us/sectors/tools-accessories#all-companies)

### Companies close in size in other industries

1. [Wayfair Inc.](https://www.sectoralpha.in/us/stocks/w) $15.5 billion · Internet Retail
2. [Everest Group, Ltd.](https://www.sectoralpha.in/us/stocks/eg) $15.5 billion · Insurance - Reinsurance
3. Lincoln Electric Holdings, Inc. $15.5 billion
4. [Emera Incorporated](https://www.sectoralpha.in/us/stocks/ema) $15.4 billion · Utilities - Regulated Electric
5. [ICON Public Limited Company](https://www.sectoralpha.in/us/stocks/iclr) $15.4 billion · Diagnostics & Research

## What else do people ask about Lincoln Electric Holdings? ### What were Lincoln Electric Holdings's latest quarterly results? Lincoln Electric Holdings, Inc. reported revenue of $1.2 B and net profit of $159 M for the Jun 2026 quarter. Revenue rose 12.0% and profit rose 10.5% compared with a year earlier. Earnings per share were $2.88. The operating margin was 18.2%, 1.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is Lincoln Electric Holdings's market cap? Lincoln Electric Holdings, Inc.'s market capitalisation is $15.4 B at a stock price of $284.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Lincoln Electric Holdings performing? Lincoln Electric Holdings, Inc.'s share price has been rising for 2 weeks. In its latest quarter, revenue rose 12.0% and profit rose 10.5% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 2 weeks running (as of 3 November 2026). ### Will Lincoln Electric Holdings's stock price go up? This page does not forecast Lincoln Electric Holdings, Inc.'s stock price. What it shows instead: the stock price is $284.55, and it has been rising for 2 weeks. Its P/E of 27.3× is higher than 90% of its own last 5 years (as of 3 November 2026). ### Does Lincoln Electric Holdings have too much debt? Lincoln Electric Holdings, Inc. has a moderate amount of debt: its debt is 0.78× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Lincoln Electric Holdings in its business cycle? Lincoln Electric Holdings, Inc.'s FY25 operating margin was 16.8%, against a 5-year range of 16.8% to 18.4%: the low end of its own range, which is often where recoveries start. The latest quarter was 18.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Lincoln Electric Holdings story? The main question: results are strong, and the P/E is higher than 90% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Lincoln Electric Holdings a stock worth studying right now? What the numbers show: Lincoln Electric Holdings, Inc.'s results are improving, and its P/E is near the top of its own history, higher than 90% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.