Lincoln Electric Holdings Inc (LECO)

Profitability ratios

Return on sales

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
Gross profit margin 34.98% 34.72% 34.05% 33.71% 34.05% 33.89% 33.96% 33.64% 33.04% 33.25% 33.01% 32.75% 32.81% 32.73% 32.83% 33.48% 33.55% 33.78% 34.14% 34.00%
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%
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%
Net profit margin 13.02% 12.32% 12.08% 12.08% 12.56% 11.91% 10.15% 9.65% 8.55% 8.66% 9.97% 8.29% 7.76% 7.59% 7.93% 9.41% 9.76% 10.50% 10.42% 9.83%

Lincoln Electric Holdings, Inc. has demonstrated stable and consistent profitability ratios over the quarters analyzed. The gross profit margin has ranged between 33.71% and 34.96%, indicating efficient cost management and pricing strategies maintained by the company.

The operating profit margin has remained strong, ranging from 15.47% to 16.86%, highlighting Lincoln Electric's ability to generate profits from its core business operations after accounting for operating expenses.

The pretax margin has also shown an upward trend, indicating effective management of non-operating expenses and taxes, with fluctuations between 11.39% and 16.39% over the periods analyzed.

Furthermore, the net profit margin has consistently improved, ranging from 9.65% to 13.01%, reflecting Lincoln Electric's ability to generate net income relative to its total revenues. Overall, the profitability ratios suggest that Lincoln Electric has maintained a healthy financial performance throughout the quarters, indicating operational efficiency and effective cost control measures.


Return on investment

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 return on assets (Operating ROA) 21.26% 19.70% 18.90% 18.92% 19.25% 22.29% 20.59% 18.97% 17.81% 16.54% 15.40% 12.91% 12.19% 12.69% 13.28% 15.50% 15.64% 16.23% 16.51% 16.34%
Return on assets (ROA) 16.14% 14.97% 14.42% 14.39% 14.85% 16.50% 13.13% 12.00% 10.66% 10.40% 11.69% 9.52% 8.91% 9.23% 9.95% 12.02% 12.36% 13.39% 13.13% 12.64%
Return on total capital 30.60% 28.95% 28.02% 28.05% 29.10% 34.02% 27.97% 26.10% 22.05% 22.71% 24.88% 20.33% 19.14% 18.99% 20.43% 26.03% 24.23% 24.79% 25.51% 24.79%
Return on equity (ROE) 41.66% 40.61% 39.76% 41.60% 45.67% 47.34% 39.44% 38.04% 32.00% 31.13% 34.18% 27.97% 26.11% 28.85% 33.18% 41.55% 35.82% 38.90% 37.18% 34.46%

Lincoln Electric Holdings, Inc. has demonstrated consistent profitability over the past eight quarters, as indicated by its profitability ratios.

- The Operating Return on Assets (Operating ROA) has remained relatively high, ranging from 19.24% to 22.71%, with Q3 2022 showing the peak performance at 22.71%. This indicates that the company is generating strong operating profits relative to its total assets.

- The Return on Assets (ROA) has also been healthy, fluctuating between 12.00% and 16.50%. Q3 2022 had the highest ROA at 16.50%, indicating a higher efficiency in generating profits from its assets.

- The Return on Total Capital has been consistently high, with values ranging from 27.41% to 35.30%. This metric shows how well the company is utilizing all of its available capital to generate profits.

- The Return on Equity (ROE) has been impressive, with values ranging from 38.04% to 47.33%. Q4 2022 had the highest ROE at 47.33%, showcasing the company's ability to generate significant returns for its equity shareholders.

Overall, Lincoln Electric Holdings, Inc. has exhibited strong profitability performance across these key ratios, indicating effective management of its assets, capital, and equity to generate profits for its stakeholders.