Lincoln Electric Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,233	4,009	4,192	3,761	3,234
Revenue Growth (YoY)	5.60%	-4.37%	11.44%	16.30%	21.80%
Cost of Revenue	2,695	2,531	2,726	2,480	2,166
Gross Profit	1,538	1,478	1,465	1,281	1,069
Selling, General & Admin	742.15	683.84	688.5	587.5	418.55
Research & Development	85.55	81.82	71.24	63.21	55.97
Operating Expenses	827.7	765.66	759.74	650.71	474.52
Operating Income	710.51	712.28	705.71	630.05	594.08
Interest Expense	-58.38	-52.92	-51.13	-31.11	-23.78
Interest & Investment Income	6.82	10.13	6.76	1.61	1.57
Earnings From Equity Investments	1.95	0.24	0.56	-0.15	0.5
Currency Exchange Gain (Loss)	30.06	-9.79	-1.74	3.63	1.33
Other Non Operating Income (Expenses)	9.4	5.93	15.41	6.59	-112.37
EBT Excluding Unusual Items	700.35	665.87	675.55	610.62	461.33
Merger & Restructuring Charges	-23.76	-47.04	-	-6	-9.83
Asset Writedown	-1.14	-20.89	11.31	-11.79	-
Other Unusual Items	-	-3.79	-	-	-126.5
Pretax Income	675.45	594.15	686.87	592.83	325
Income Tax Expense	154.92	128.04	141.62	120.6	48.42
Earnings From Continuing Operations	520.53	466.11	545.25	472.22	276.58
Net Income	520.53	466.11	545.25	472.22	276.58
Net Income to Common	520.53	466.11	545.25	472.22	276.58
Net Income Growth	11.68%	-14.51%	15.46%	70.74%	34.19%
Shares Outstanding (Basic)	55	57	57	58	59
Shares Outstanding (Diluted)	56	57	58	59	60
Shares Change (YoY)	-2.31%	-1.76%	-0.90%	-2.19%	-0.31%
EPS (Basic)	9.39	8.23	9.51	8.14	4.66
EPS (Diluted)	9.32	8.15	9.37	8.04	4.60
EPS Growth	14.36%	-13.02%	16.54%	74.78%	34.50%
Free Cash Flow	534.2	482.37	576.56	311.5	302.53
Free Cash Flow Per Share	9.56	8.43	9.90	5.30	5.04
Dividend Per Share	3.040	2.880	2.630	2.320	2.090
Dividend Growth	5.56%	9.51%	13.36%	11.00%	5.56%
Gross Margin	36.34%	36.87%	34.96%	34.05%	33.04%
Operating Margin	16.79%	17.77%	16.84%	16.75%	18.37%
Profit Margin	12.30%	11.63%	13.01%	12.55%	8.55%
Free Cash Flow Margin	12.62%	12.03%	13.76%	8.28%	9.35%
EBITDA	809.06	800.52	792.38	708.11	675.23
EBITDA Margin	19.11%	19.97%	18.90%	18.83%	20.88%
D&A For EBITDA	98.55	88.24	86.67	78.06	81.15
EBIT	710.51	712.28	705.71	630.05	594.08
EBIT Margin	16.79%	17.77%	16.84%	16.75%	18.37%
Effective Tax Rate	22.93%	21.55%	20.62%	20.34%	14.90%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.