Lincoln Electric Holdings Inc (LECO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 545,248 | 472,224 | 276,466 | 206,115 | 293,109 |
| Revenue | US$ in thousands | 4,174,950 | 3,761,210 | 3,234,180 | 2,655,400 | 3,003,270 |
| Net profit margin | 13.06% | 12.56% | 8.55% | 7.76% | 9.76% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $545,248K ÷ $4,174,950K
= 13.06%
The net profit margin of Lincoln Electric Holdings, Inc. has shown a positive trend over the past five years. The company's net profit margin increased from 9.76% in 2019 to 13.01% in 2023. This upward trajectory indicates an improvement in the company's ability to generate profits relative to its revenue. The steady growth in net profit margin signifies effective cost management and operational efficiency within the organization. Overall, Lincoln Electric Holdings, Inc. has demonstrated a consistent and favorable performance in terms of profitability over the analyzed period.
Peer comparison
Dec 31, 2023