Lincoln Electric Holdings Inc (LECO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 717,849 | 612,336 | 461,669 | 282,071 | 370,910 |
| Revenue | US$ in thousands | 4,174,950 | 3,761,210 | 3,234,180 | 2,655,400 | 3,003,270 |
| Operating profit margin | 17.19% | 16.28% | 14.27% | 10.62% | 12.35% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $717,849K ÷ $4,174,950K
= 17.19%
The operating profit margin of Lincoln Electric Holdings, Inc. has shown a generally increasing trend over the past five years, indicating a consistent improvement in the company's operational efficiency and profitability. The margin has increased from 12.86% in 2019 to 16.86% in 2023. This steady growth suggests that the company has been effectively managing its operating expenses and generating higher profits relative to its revenue. The upward trajectory of the operating profit margin reflects Lincoln Electric's ability to optimize its production and operational processes to enhance overall profitability.
Peer comparison
Dec 31, 2023