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

Company name
Symbol
Operating profit margin
Lincoln Electric Holdings Inc
LECO
17.14%
SPX Corp
SPXC
12.96%