Lincoln Electric Holdings Inc (LECO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 466,108 | 545,248 | 472,224 | 276,580 | 206,115 |
| Revenue | US$ in thousands | 4,008,670 | 4,191,640 | 3,761,210 | 3,234,180 | 2,655,400 |
| Net profit margin | 11.63% | 13.01% | 12.56% | 8.55% | 7.76% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $466,108K ÷ $4,008,670K
= 11.63%
The net profit margin of Lincoln Electric Holdings Inc has shown a steady growth trend over the past five years. Starting at 7.76% as of December 31, 2020, the net profit margin increased to 8.55% by December 31, 2021, reflecting an improvement in the company's profitability.
The upward trajectory continued in the following years, with the net profit margin reaching 12.56% as of December 31, 2022, and further growing to 13.01% by December 31, 2023, indicating a strong performance in generating profits relative to the company's revenue.
However, there was a slight dip in the net profit margin to 11.63% as of December 31, 2024. Despite this decrease, the overall trend demonstrates an overall positive performance in managing expenses and increasing profitability over the years. This suggests that Lincoln Electric Holdings Inc has been effective in controlling costs and maximizing its bottom line.
Peer comparison
Dec 31, 2024