Lincoln Electric Holdings Inc (LECO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 686,866 | 625,595 | 601,649 | 588,530 | 592,827 | 528,655 | 429,583 | 387,328 | 324,884 | 334,438 | 369,299 | 285,276 | 264,011 | 263,165 | 281,690 | 351,519 | 368,519 | 382,740 | 386,687 | 377,463 |
| 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 |
| Pretax margin | 16.40% | 15.49% | 15.22% | 15.19% | 15.76% | 14.39% | 12.12% | 11.38% | 10.05% | 10.85% | 12.53% | 10.53% | 9.94% | 9.75% | 10.21% | 11.93% | 12.27% | 12.71% | 12.82% | 12.46% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $686,866K ÷ $4,188,990K
= 16.40%
The pretax margin of Lincoln Electric Holdings, Inc. has shown varying levels across the quarters provided. In Q4 2023, the pretax margin was at 16.39%, a slight increase from the previous quarter at 15.39%. This indicates that the company was able to generate more profit before tax for each dollar of revenue in the most recent quarter.
Comparing year-over-year, the Q4 2023 pretax margin of 16.39% was higher than the same quarter in the previous year, Q4 2022, which stood at 15.76%. This suggests an improvement in the company's profitability performance over the prior year.
Looking at the trend across the quarters in 2023, there was a general increasing trend from Q2 to Q4, indicating a potentially positive momentum in the company's profitability efficiency during the second half of the year.
Additionally, the pretax margin values for Q4 2023 and Q3 2023 were notably higher compared to the same periods in 2022 (Q4 2022 and Q3 2022), showcasing a positive trend year-over-year.
Overall, the pretax margin analysis suggests that Lincoln Electric Holdings, Inc. has shown improvements in its profitability performance, particularly in the most recent quarter, indicating a potentially positive outlook for the company's financial health.
Peer comparison
Dec 31, 2023