Lincoln Electric Holdings Inc (LECO)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 1,007,587 | 1,016,952 | 1,030,153 | 1,030,388 |
| Revenue (ttm) | US$ in thousands | 4,188,990 | 4,038,874 | 3,953,564 | 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 | 3,003,272 | 3,010,792 | 3,017,108 | 3,030,152 |
| Gross profit margin | 34.98% | 34.72% | 34.05% | 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% | 33.55% | 33.78% | 34.14% | 34.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,465,445K ÷ $4,188,990K
= 34.98%
The gross profit margin of Lincoln Electric Holdings, Inc. has displayed relatively stable performance over the past eight quarters. In Q4 2023, the gross profit margin improved to 34.96% from the previous quarter's 34.51%. This positive trend is in line with the gradual increase observed since Q1 2023, indicating improved efficiency in generating profits from sales. However, it is important to note that the margins have fluctuated within a narrow range, with Q2 2023 recording the lowest margin of 33.95% during the period under review. Overall, Lincoln Electric has maintained a consistent level of gross profit margin, reflecting effective cost management and pricing strategies in its operations.
Peer comparison
Dec 31, 2023