Lincoln Electric Holdings Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.23B | $4.01B | $4.19B | $3.76B | $3.23B | $2.66B | $3.00B | $3.03B |
| Cost of Revenue | $2.70B | $2.54B | $2.73B | $2.48B | $2.17B | $1.78B | $2.00B | $2.00B |
| Gross Profit | $1.53B | $1.47B | $1.47B | $1.28B | $1.07B | $871.3M | $1.01B | $1.03B |
| Gross Margin | 36.2% | 36.7% | 35.0% | 34.1% | 33.0% | 32.8% | 33.5% | 34.0% |
| Operating Expenses | ||||||||
| Research & Development | $85.6M | $81.8M | $71.2M | $63.2M | $56.0M | $51.4M | $56.8M | $54.2M |
| SG&A Expense | $798.0M | $780.6M | $758.9M | $656.6M | $597.1M | $543.8M | $621.5M | $627.7M |
| Operating Income | $718.1M | $636.5M | $717.8M | $612.3M | $461.7M | $282.1M | $370.9M | $375.5M |
| Operating Margin | 17.0% | 15.9% | 17.1% | 16.3% | 14.3% | 10.6% | 12.4% | 12.4% |
| Interest Expense | — | $52.9M | $51.1M | $31.1M | $23.8M | $24.0M | $25.9M | $24.5M |
| Pretax Income | $675.5M | $594.1M | $686.9M | $592.8M | $325.0M | $264.0M | $368.5M | $368.7M |
| Income Tax Expense | $154.9M | $128.0M | $141.6M | $120.6M | $48.4M | $57.9M | $75.4M | $81.7M |
| Net Income | $520.5M | $466.1M | $545.2M | $472.2M | $276.6M | $206.1M | $293.1M | $287.1M |
| Net Margin | 12.3% | 11.6% | 13.0% | 12.6% | 8.6% | 7.8% | 9.8% | 9.5% |
| EPS (Basic) | $9.39 | $8.23 | $9.50 | $8.14 | $4.66 | $3.46 | $4.73 | $4.42 |
| EPS (Diluted) | $9.32 | $8.15 | $9.37 | $8.04 | $4.60 | $3.42 | $4.68 | $4.37 |
| Shares Outstanding (Basic) | 55.4M | 56.6M | 57.4M | 58.0M | 59.3M | 59.6M | 62.0M | 64.9M |
| Shares Outstanding (Diluted) | 55.9M | 57.2M | 58.2M | 58.7M | 60.1M | 60.2M | 62.7M | 65.7M |
| Dividends Per Share | $3.04 | $2.88 | $2.63 | $2.32 | $2.09 | $1.98 | $1.90 | $1.64 |