Lincoln Electric Holdings Inc (LECO)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 672,023 | 677,105 | 702,986 | 698,985 | 695,917 | 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 |
| Revenue (ttm) | US$ in thousands | 4,007,387 | 4,043,867 | 4,093,318 | 4,132,638 | 4,191,620 | 4,064,044 | 3,966,074 | 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 |
| Operating profit margin | 16.77% | 16.74% | 17.17% | 16.91% | 16.60% | 16.12% | 15.78% | 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% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $672,023K ÷ $4,007,387K
= 16.77%
The operating profit margin of Lincoln Electric Holdings Inc has shown a generally positive trend over the past few years, increasing from 12.13% as of March 31, 2020, to 16.77% as of December 31, 2024. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue during this period.
There were fluctuations in the operating profit margin, with slight decreases in some quarters, such as in June 30, 2020, and September 30, 2020. However, the overall trend has been upward, with significant improvements in profitability seen in more recent quarters, particularly in the latter half of 2023 and 2024.
The increasing trend in the operating profit margin suggests that Lincoln Electric Holdings Inc has been able to enhance its operational efficiency and profitability over time. It is important for the company to sustain this positive momentum and continue its efforts to optimize its operational performance in order to generate sustainable profitability in the future.
Peer comparison
Dec 31, 2024