Lincoln Electric Holdings Inc (LECO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 594,149 | 686,866 | 592,827 | 324,998 | 264,040 |
| Revenue | US$ in thousands | 4,008,670 | 4,191,640 | 3,761,210 | 3,234,180 | 2,655,400 |
| Pretax margin | 14.82% | 16.39% | 15.76% | 10.05% | 9.94% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $594,149K ÷ $4,008,670K
= 14.82%
The pretax margin of Lincoln Electric Holdings Inc has shown a positive trend over the years, indicating improved profitability before taxes. The margin increased steadily from 9.94% in 2020 to 16.39% in 2023, demonstrating efficient cost management and revenue generation. In 2024, the pretax margin slightly decreased to 14.82%, but it still remained higher than the initial value in 2020. This performance suggests that the company has been successful in controlling expenses and maximizing operating profits, enhancing its financial health and sustainability.
Peer comparison
Dec 31, 2024