Lincoln Electric Holdings Inc (LECO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,471,656 | 1,474,064 | 1,487,616 | 1,477,882 | 1,465,445 | 1,402,399 | 1,346,287 | 1,306,340 | 1,280,760 | 1,245,433 | 1,204,087 | 1,144,615 | 1,068,605 | 1,025,202 | 972,417 | 887,786 | 871,341 | 883,021 | 905,985 | 986,488 |
| Revenue (ttm) | US$ in thousands | 4,007,387 | 4,043,867 | 4,093,318 | 4,132,638 | 4,191,620 | 4,064,044 | 3,966,074 | 3,875,103 | 3,761,211 | 3,674,528 | 3,545,742 | 3,402,607 | 3,234,180 | 3,083,723 | 2,946,157 | 2,710,430 | 2,655,400 | 2,697,913 | 2,759,808 | 2,946,089 |
| Gross profit margin | 36.72% | 36.45% | 36.34% | 35.76% | 34.96% | 34.51% | 33.95% | 33.71% | 34.05% | 33.89% | 33.96% | 33.64% | 33.04% | 33.25% | 33.01% | 32.75% | 32.81% | 32.73% | 32.83% | 33.48% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,471,656K ÷ $4,007,387K
= 36.72%
The gross profit margin of Lincoln Electric Holdings Inc has shown a positive trend over the past few years, indicating the company's ability to efficiently manage its production costs and generate profit from its core business activities.
From March 31, 2020, to December 31, 2024, the gross profit margin has steadily increased from 33.48% to 36.72%. This improvement signifies that the company has been able to either increase its pricing strategy effectively, reduce its cost of goods sold, or a combination of both, leading to higher profits relative to its revenue.
The consistent growth in the gross profit margin reflects positively on Lincoln Electric's operational efficiency and effective management of its production and sales processes. Investors and stakeholders may view this trend favorably as it suggests the company's potential for sustainable profitability and long-term growth.
Peer comparison
Dec 31, 2024