Lincoln Electric Holdings (LECO) Ratios
Lincoln Electric Holdings Ratios
MX:LECO's free cash flow for Q3 2026 was $174.54M. For the 2026 fiscal year, MX:LECO's free cash flow was decreased by $-41.22M and operating cash flow was $215.76M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.82 | 1.87 | 2.24 | 1.83 | 1.71 |
| Quick Ratio | 1.16 | 1.25 | 1.50 | 1.05 | 0.99 |
| Cash Ratio | 0.32 | 0.43 | 0.52 | 0.23 | 0.26 |
| Solvency Ratio | 0.27 | 0.25 | 0.31 | 0.26 | 0.21 |
| Operating Cash Flow Ratio | 0.69 | 0.68 | 0.88 | 0.45 | 0.48 |
| Short-Term Operating Cash Flow Coverage | 4.60 | 5.42 | 273.69 | 3.69 | 5.80 |
| Net Current Asset Value | $ -568.27M | $ -547.43M | $ -375.33M | $ -588.72M | $ -438.81M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.37 | 0.34 | 0.39 | 0.32 |
| Debt-to-Equity Ratio | 0.88 | 0.99 | 0.89 | 1.21 | 0.95 |
| Debt-to-Capital Ratio | 0.47 | 0.50 | 0.47 | 0.55 | 0.49 |
| Long-Term Debt-to-Capital Ratio | 0.44 | 0.46 | 0.46 | 0.52 | 0.45 |
| Financial Leverage Ratio | 2.57 | 2.65 | 2.58 | 3.08 | 3.00 |
| Debt Service Coverage Ratio | 3.32 | 4.39 | 13.84 | 4.41 | 7.36 |
| Interest Coverage Ratio | 11.69 | 14.88 | 16.18 | 20.76 | 20.78 |
| Debt to Market Cap | 0.10 | 0.12 | 0.09 | 0.14 | 0.09 |
| Interest Debt Per Share | 24.41 | 24.00 | 20.99 | 22.05 | 14.18 |
| Net Debt to EBITDA | 1.18 | 1.17 | 0.97 | 1.49 | 0.93 |
| Profitability Margins | |||||
| Gross Profit Margin | 36.30% | 36.87% | 35.25% | 34.05% | 33.04% |
| EBIT Margin | 17.41% | 17.77% | 16.77% | 16.75% | 18.37% |
| EBITDA Margin | 19.74% | 19.97% | 18.83% | 18.83% | 20.88% |
| Operating Profit Margin | 16.90% | 15.88% | 17.13% | 16.28% | 14.27% |
| Pretax Profit Margin | 15.97% | 14.82% | 16.39% | 15.76% | 10.05% |
| Net Profit Margin | 12.30% | 11.63% | 13.01% | 12.56% | 8.55% |
| Continuous Operations Profit Margin | 12.30% | 11.63% | 13.01% | 12.56% | 8.55% |
| Net Income Per EBT | 77.06% | 78.45% | 79.38% | 79.66% | 85.10% |
| EBT Per EBIT | 94.47% | 93.35% | 95.68% | 96.81% | 70.40% |
| Return on Assets (ROA) | 13.78% | 13.24% | 16.14% | 14.85% | 10.67% |
| Return on Equity (ROE) | 35.42% | 35.11% | 41.66% | 45.66% | 32.01% |
| Return on Capital Employed (ROCE) | 25.34% | 24.10% | 27.37% | 26.31% | 25.14% |
| Return on Invested Capital (ROIC) | 18.58% | 18.06% | 21.60% | 20.06% | 20.69% |
| Return on Tangible Assets | 19.71% | 18.69% | 21.84% | 20.42% | 13.74% |
| Earnings Yield | 3.92% | 4.39% | 4.37% | 5.63% | 3.34% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.85 | 8.32 | 7.22 | 6.52 | 7.12 |
| Payables Turnover | 7.38 | 8.53 | 8.34 | 7.05 | 6.56 |
| Inventory Turnover | 4.26 | 4.65 | 4.82 | 3.73 | 4.01 |
| Fixed Asset Turnover | 6.02 | 6.47 | 6.67 | 6.38 | 5.78 |
| Asset Turnover | 1.12 | 1.14 | 1.24 | 1.18 | 1.25 |
| Working Capital Turnover Ratio | 5.46 | 4.70 | 5.10 | 6.07 | 5.90 |
| Cash Conversion Cycle | 82.84 | 79.57 | 82.49 | 102.09 | 86.62 |
| Days of Sales Outstanding | 46.48 | 43.89 | 50.56 | 55.97 | 51.28 |
| Days of Inventory Outstanding | 85.78 | 78.46 | 75.70 | 97.92 | 91.00 |
| Days of Payables Outstanding | 49.42 | 42.78 | 43.77 | 51.81 | 55.66 |
| Operating Cycle | 132.26 | 122.35 | 126.26 | 153.89 | 142.28 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 11.93 | 10.58 | 11.64 | 6.61 | 6.16 |
| Free Cash Flow Per Share | 9.64 | 8.52 | 10.05 | 5.37 | 5.10 |
| Dividend Paid and CapEx Coverage Ratio | 2.24 | 2.15 | 2.79 | 1.89 | 1.98 |
| Capital Expenditure Coverage Ratio | 5.21 | 5.14 | 7.34 | 5.33 | 5.84 |
| Operating Cash Flow Coverage Ratio | 0.51 | 0.46 | 0.58 | 0.31 | 0.45 |
| Operating Cash Flow to Sales Ratio | 0.16 | 0.15 | 0.16 | 0.10 | 0.11 |
| Free Cash Flow Yield | 4.02% | 4.54% | 4.62% | 3.72% | 3.66% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 25.52 | 22.78 | 22.88 | 17.76 | 29.91 |
| Price-to-Sales (P/S) Ratio | 3.14 | 2.65 | 2.98 | 2.23 | 2.56 |
| Price-to-Book (P/B) Ratio | 9.03 | 8.00 | 9.53 | 8.11 | 9.57 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 24.86 | 22.01 | 21.64 | 26.92 | 27.34 |
| Price-to-Operating Cash Flow Ratio | 20.08 | 17.73 | 18.69 | 21.87 | 22.66 |
| Price-to-Earnings Growth (PEG) Ratio | 1.81 | -1.69 | 1.36 | 0.24 | 0.86 |
| Enterprise Value Multiple | 17.08 | 14.44 | 16.77 | 13.33 | 13.18 |
| Enterprise Value | 14.26B | 11.56B | 13.24B | 9.44B | 8.90B |
| EV to EBITDA | 17.08 | 14.44 | 16.77 | 13.33 | 13.18 |
| EV to Sales | 3.37 | 2.88 | 3.16 | 2.51 | 2.75 |
| EV to Free Cash Flow | 26.70 | 23.96 | 22.96 | 30.30 | 29.41 |
| EV to Operating Cash Flow | 21.57 | 19.29 | 19.83 | 24.62 | 24.37 |
| Tangible Book Value Per Share | 6.00 | 5.32 | 7.46 | 2.86 | 4.79 |
| Shareholders’ Equity Per Share | 26.53 | 23.44 | 22.82 | 17.82 | 14.57 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.23 | 0.22 | 0.21 | 0.20 | 0.15 |
| Revenue Per Share | 76.35 | 70.78 | 73.07 | 64.81 | 54.53 |
| Net Income Per Share | 9.39 | 8.23 | 9.51 | 8.14 | 4.66 |
| Tax Burden | 0.77 | 0.78 | 0.79 | 0.80 | 0.85 |
| Interest Burden | 0.92 | 0.83 | 0.98 | 0.94 | 0.55 |
| Research & Development to Revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| SG&A to Revenue | 0.17 | 0.17 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.27 | 1.29 | 1.22 | 0.81 | 1.32 |
Currency in USD