Stock AnalizLincoln Electric Holdings Inc. LECO
Industrial Machinery/Components · data as of November 13, 2026
Lincoln Electric Holdings Inc. (LECO) is a industrial company listed in the US with a market value of about $15.3B. In the twelve months to September 30, 2026 it had revenue of $4.6B and net income of $575M, a net margin of 12.4%.
Its overall Stock Analiz score is 3.2 out of 5 (average). The strongest part is track record (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 27.1, a price to free cash flow of 29.9, 5-year revenue growth of 10% a year, a 5-year average ROIC of 21%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 29% below the current price.
Score: 3.2 / 5
Checks passed
- P/E below the industry median
- PEG below 1.5
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
Checks not passed
- P/E below 25
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B | $4.2B | $4.0B | $4.2B | $3.8B | $3.2B | $2.7B | $3.0B | $3.0B | $2.6B | $2.3B |
| Net income | $575M | $521M | $466M | $545M | $472M | $277M | $206M | $293M | $287M | $248M | $198M |
| Free cash flow | $512M | $534M | $482M | $577M | $312M | $303M | $292M | $334M | $258M | $273M | $263M |
| EPS (diluted) | $10.44 | $9.32 | $8.15 | $9.37 | $8.04 | $4.60 | $3.42 | $4.68 | $4.37 | $3.71 | $2.91 |
| Net margin | 12.4% | 12.3% | 11.6% | 13.0% | 12.6% | 8.6% | 7.8% | 9.8% | 9.5% | 9.4% | 8.7% |
| ROIC | — | 19.6% | 18.9% | 23.1% | 21.3% | 23.4% | 14.2% | 18.2% | 18.4% | 15.6% | 14.3% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 11 analysts is $316.00, 12% above the current price; targets range from $253.00 to $360.00; the consensus rating is “none”; expected EPS is $11.49 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Lincoln Electric’s P/E ratio?
About 27.1, based on the last twelve months of diluted earnings per share (forward P/E about 22.9).
Is Lincoln Electric stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 29% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Lincoln Electric pay a dividend?
Yes. The dividend yield is about 1.21%, and it has paid dividends for 10 years in our data.
Is Lincoln Electric a good stock to buy?
We do not give buy or sell advice. Lincoln Electric scores 3.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.