Lincoln Electric Holdings Inc (LECO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 717,849 | 655,306 | 625,974 | 615,494 | 612,336 | 591,197 | 564,658 | 518,947 | 461,669 | 424,760 | 386,983 | 304,925 | 282,071 | 281,333 | 292,084 | 357,506 | 370,910 | 383,138 | 395,381 | 384,829 |
| 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 |
| Operating profit margin | 17.14% | 16.22% | 15.83% | 15.88% | 16.28% | 16.09% | 15.92% | 15.25% | 14.27% | 13.77% | 13.14% | 11.25% | 10.62% | 10.43% | 10.58% | 12.13% | 12.35% | 12.73% | 13.10% | 12.70% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $717,849K ÷ $4,188,990K
= 17.14%
Based on the data provided, Lincoln Electric Holdings, Inc. has demonstrated relatively stable operating profit margins over the past eight quarters. The operating profit margin has ranged from 15.47% to 16.86%, indicating consistent profitability in the company's operations.
The highest operating profit margin was recorded in Q4 2023 at 16.86%, while the lowest was in Q1 2022 at 15.47%. Despite some fluctuations, the company has generally maintained a healthy level of profitability over the period analyzed.
This consistent performance in operating profit margin suggests that Lincoln Electric Holdings, Inc. has been effectively managing its operating expenses and generating sufficient revenues to support its operations. It also reflects the company's ability to control costs and maintain profitability in various economic conditions.
Peer comparison
Dec 31, 2023