Stocks · Industrials · Manufacturing - Tools & Accessories
Lincoln Electric Holdings, Inc. LECO
$274.38 +1.85% Close, Oct 2, 2026 · NASDAQ · Market cap $14.96B
High quality
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +3.8%).
- The shares trade at 27.4× trailing earnings, higher than 81% of the company's own readings over the past five years.
- Revenue over the last four quarters was $4.48B, up 9.2% from a year earlier.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth51Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 45%
- EPS growth (TTM, YoY)Top 45%
- FCF growth (TTM, YoY)Bottom 42%
- Revenue growth, 3-year CAGRBottom 46%
- Revenue growth accelerationTop 48%
Quality83Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 5%
- Gross marginTop 32%
- Operating marginTop 17%
- Cash conversion (OCF / net income)Bottom 30%
- Accruals (lower is better)Bottom 37%
- Net debt / EBITDA (lower is better)Top 35%
- Interest coverTop 18%
Value43Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 35%
- Free-cash-flow yieldTop 48%
- EBITDA / enterprise valueBottom 47%
- Sales / enterprise valueBottom 31%
- P/E vs own 5-year history (lower is better)Bottom 27%
Momentum75Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 41%
- 6-month returnTop 37%
- 1-year return vs S&P 500Top 41%
- Distance from 52-week highTop 18%
- Trend checklist (0–4)Top 10%
Revisions27Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 45%
- Consecutive EPS beatsTop 24%
- Share of analysts rating BuyBottom 14%
- Upside to consensus price targetBottom 18%
Stability73Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 29%
- Maximum drawdown, 3 yearsTop 23%
- Beta vs S&P 500 (lower is better)Bottom 47%
- Net debt / EBITDA (lower is better)Top 35%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 7.8% | 9.2% | ↑ |
| EPS growth (YoY) | 19.5% | 12.5% | ↓ |
| Gross margin | 36.5% | 36.0% | ↓ |
| Operating margin | 16.2% | 17.6% | ↑ |
| FCF margin | 12.3% | 11.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 9.2% | 7.8% | ↑ | Top 45% |
| EPS growth (TTM, YoY) | 12.5% | 19.5% | ↓ | Top 45% |
| Gross margin | 36.0% | 36.5% | ↓ | Top 32% |
| Operating margin | 17.6% | 16.2% | ↑ | Top 17% |
| Net margin | 12.4% | 12.3% | ↑ | — |
| Free-cash-flow margin | 11.5% | 12.3% | ↓ | — |
| Return on invested capital | 20.7% | — | Top 5% | |
| Revenue growth, 3-year CAGR | 4.0% | — | Bottom 46% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.20×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -3.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.02×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 13.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.14%
- Net buyback yield (TTM)
- 0.66%
- Shareholder yield
- 1.81%
- Share count change, 1 year
- -1.5%
- Share count change, 3-year CAGR
- -1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +3.8%
- Average 2-day reaction, last 8
- +1.9%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $303.60
- Target vs current price
- +10.6%
- Analysts with a rating
- 22
- Share rating Buy or Strong Buy
- 32%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +4.3% | -3.0% | +8.3% | +12.5% | — |
| Apr 30, 2026 | +3.3% | +2.9% | +6.7% | +0.6% | -0.3% |
| Feb 12, 2026 | +4.3% | +1.9% | -0.8% | -10.3% | -6.7% |
| Oct 30, 2025 | +3.3% | +0.7% | -2.6% | +1.8% | +9.5% |
| Jul 31, 2025 | +12.6% | +9.0% | +8.3% | +10.9% | +8.5% |
| Apr 30, 2025 | -3.1% | -4.2% | -1.9% | +4.6% | +23.8% |
| Feb 13, 2025 | +26.6% | +10.2% | +9.1% | -4.7% | -4.2% |
| Oct 31, 2024 | +2.9% | -2.4% | +10.7% | +9.8% | -0.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $2.93 | $2.81 | +4.3% | $1.22B |
| Apr 30, 2026 | $2.50 | $2.42 | +3.3% | $1.12B |
| Feb 12, 2026 | $2.65 | $2.54 | +4.3% | $1.08B |
| Oct 30, 2025 | $2.47 | $2.39 | +3.3% | $1.06B |
| Jul 31, 2025 | $2.60 | $2.31 | +12.6% | $1.09B |
| Apr 30, 2025 | $2.16 | $2.23 | -3.1% | $1.00B |
| Feb 13, 2025 | $2.57 | $2.03 | +26.6% | $1.02B |
| Oct 31, 2024 | $2.14 | $2.08 | +2.9% | $983.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 27.4× | 24.7× | 81th | Top 35% |
| P/E (forward) | 24.4× | — | — | — |
| EV / EBITDA | 17.9× | — | — | Bottom 47% |
| EV / Sales | 3.54× | — | — | Bottom 31% |
| Free-cash-flow yield | 3.46% | — | — | Top 48% |
| Earnings yield | 3.65% | — | — | Top 35% |
P/E over the past five years
Range 18.8× – 31.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +18.3%
- Earnings per share growth (TTM)
- +12.5%
- Change in P/E multiple
- -8.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 1
- Days above the 200-day average
- 8
- 50-day average slope (20 days)
- +1.2%
- 200-day average slope (20 days)
- +1.0%
- Distance from 50-day average
- +1.2%
- Distance from 200-day average
- +3.9%
- RSI (14)
- 57.1
- Relative volume
- 0.92×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 33.0%
- Volatility vs own 5-year history
- 92th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.08
- Correlation with S&P 500
- 0.58
- Current drawdown from 1-year high
- -8.2%
- Maximum drawdown, 3 years
- -35.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 27, 2024 | Apr 8, 2025 | -35.3% | 258 days | 194 days (Jan 15, 2026) |
| Jul 20, 2023 | Oct 25, 2023 | -21.7% | 68 days | 35 days (Dec 14, 2023) |
| Feb 6, 2026 | Apr 6, 2026 | -20.3% | 39 days | Not yet recovered |
| Nov 19, 2021 | Jul 14, 2022 | -18.1% | 161 days | 21 days (Aug 12, 2022) |
| Aug 15, 2022 | Oct 10, 2022 | -17.3% | 39 days | 26 days (Nov 15, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $14.96B
- P/E (TTM)
- 27.4
- EPS, diluted (TTM)
- $10.01
- Revenue (TTM)
- $4.48B
- Dividend yield
- 1.15%
- 52-week range
- $216.22 – $310.00
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.23B | $3.76B | $4.19B | $4.01B | $4.23B |
| Gross profit | $1.07B | $1.28B | $1.48B | $1.48B | $1.54B |
| Operating income | $461.7M | $612.3M | $717.8M | $636.5M | $715.0M |
| Net income | $276.6M | $472.2M | $545.2M | $466.1M | $520.5M |
| EPS (diluted) | $4.60 | $8.04 | $9.37 | $8.15 | $9.32 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $983.8M | $1.02B | $1.01B | $1.09B | $1.06B | $1.08B | $1.12B | $1.22B |
| Net income | $100.8M | $140.2M | $118.5M | $143.4M | $122.6M | $136.0M | $136.4M | $158.5M |
| EPS (diluted) | $1.77 | $2.47 | $2.10 | $2.56 | $2.21 | $2.45 | $2.47 | $2.88 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $365.1M | $383.4M | $667.5M | $599.0M | $661.2M |
| Capital expenditure | -$62.5M | -$71.9M | -$91.0M | -$116.6M | -$127.0M |
| Free cash flow | $302.5M | $311.5M | $576.6M | $482.4M | $534.2M |
| Dividends paid | -$121.9M | -$130.7M | -$148.0M | -$162.1M | -$168.2M |
| Net share buybacks | -$145.3M | -$174.9M | -$176.4M | -$236.3M | -$326.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $242.4M
- Total assets
- $3.81B
- Total liabilities
- $2.26B
- Total debt
- $1.15B
- Net debt
- $907.6M
- Shareholders’ equity
- $1.55B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.79 | Oct 15, 2026 |
| Jun 30, 2026 | $0.79 | Jul 15, 2026 |
| Mar 31, 2026 | $0.79 | Apr 15, 2026 |
| Dec 31, 2025 | $0.79 | Jan 15, 2026 |
| Sep 30, 2025 | $0.75 | Oct 15, 2025 |
| Jun 30, 2025 | $0.75 | Jul 15, 2025 |
| Mar 31, 2025 | $0.75 | Apr 15, 2025 |
| Dec 31, 2024 | $0.75 | Jan 15, 2025 |
Short interest
- Shares sold short
- 1,085,021
- Days to cover
- 2.59
- Change vs previous report
- -25.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 1, 2011
- 2-for-1
- Jun 16, 1998
- 2-for-1