Lincoln Electric Holdings Inc (LECO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 594,149 | 624,126 | 653,617 | 690,053 | 686,867 | 625,595 | 601,649 | 588,529 | 592,827 | 528,638 | 429,566 | 387,487 | 324,998 | 334,561 | 369,449 | 285,268 | 264,040 | 263,202 | 281,696 | 351,500 |
| 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 |
| Pretax margin | 14.83% | 15.43% | 15.97% | 16.70% | 16.39% | 15.39% | 15.17% | 15.19% | 15.76% | 14.39% | 12.11% | 11.39% | 10.05% | 10.85% | 12.54% | 10.52% | 9.94% | 9.76% | 10.21% | 11.93% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $594,149K ÷ $4,007,387K
= 14.83%
The pretax margin of Lincoln Electric Holdings Inc has demonstrated fluctuating trends over the analyzed periods, showing variability in the company's profitability before accounting for taxes. The margins ranged from a low of 9.76% in September 2020 to a high of 16.70% in March 2024. Overall, the company's pretax margin appears to have generally increased over the years, with occasional dips and spikes along the way.
The trend indicates that Lincoln Electric Holdings Inc has been able to effectively manage its costs and expenses relative to its revenue, leading to improvements in pretax profitability. It is essential to continue monitoring this metric to ensure sustained operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024