What is the 13F Pro Quality Score for LECO?

13F Pro ranks LINCOLN ELECTRIC HOLDINGS INC (LECO) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LECO's current score at https://13fpro.ai/research/LECO (free sign-up required for the full ranking).

Where does 13F Pro source LECO data?

All LINCOLN ELECTRIC HOLDINGS INC fundamentals and ownership data come directly from SEC EDGAR. LINCOLN ELECTRIC HOLDINGS INC files with the SEC under CIK 59527. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LECO in?

LINCOLN ELECTRIC HOLDINGS INC (LECO) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives LECO's revenue?

Per LINCOLN ELECTRIC HOLDINGS INC's latest 10-Q filed with the SEC on 2026-04-30, the biggest revenue drivers are: Americas Welding ($706.2M, +8.1% YoY); International Welding ($227.0M, +3.6% YoY); The Harris Products Group ($188.2M, +42.3% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/LECO.

What are LECO's largest expenses?

LINCOLN ELECTRIC HOLDINGS INC's latest 10-Q reports these as the largest expense items: Cost of goods sold ($722.3M, 13.0% of sales vs. baseline); Selling, general & administrative expenses ($210.8M, +7.2% YoY); Interest expense, net ($13.4M, +10.3% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is LECO research updated on 13F Pro?

LECO's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LINCOLN ELECTRIC HOLDINGS INC(LECO)Stock Analysis

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13F Pro Quality Score

67.5/100

Rank #465 of 2,879 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

39.4/100

Profitability

73.6/100

Balance Sheet

92.0/100

Earnings Quality

39.9/100

Free Cash Flow

69.1/100

Institutional Flow

70.5/100

Revenue Scale

75.9/100

Dilution Risk

75.9/100

LECO Stock Analysis & AI Quality Score

AI stock analysis and institutional research for LINCOLN ELECTRIC HOLDINGS INC (LECO), a Industrials sector company. 13F Pro's AI-powered ranking engine scores LECO at 67.5/100 on a 32-signal composite quality model, placing it at rank #465 of 2,879 stocks — the top 25% of the AI-ranked universe. LECO scores in the top quartile across balance sheet strength (92.0), revenue scale (75.9). Areas of concern include revenue growth (39.4) and earnings quality (39.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), LINCOLN ELECTRIC HOLDINGS INC reports quarterly revenue of $1.1B, net income of $136.4M, an operating margin of 16.6%. Top institutional holders of LECO by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. LECO trades on the Nasdaq exchange and files with the SEC under CIK 59527. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LECO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LINCOLN ELECTRIC HOLDINGS INC directly from SEC EDGAR. LINCOLN ELECTRIC HOLDINGS INC's 13F Pro composite quality score has ranged between 8 and 76 since 2021, currently 67.5 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about LINCOLN ELECTRIC HOLDINGS INC

Quirks, history, and lore behind LECO — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial manufacturer · mid-cap · listed on Nasdaq · headquartered in Ohio.
2
The Numbers
Annual revenue in the range of $3–4 billion, with operations spanning more than 160 countries — not bad for a company that makes something most people have never held.
3
The History
Founded in 1895 in Cleveland, it has been making essentially the same core product for over 125 years — and doing it better than nearly anyone else on earth.
4
The Secret
It pioneered a legendary employee profit-sharing and incentive pay system in the early 20th century that became a famous Harvard Business School case study — and it still uses it today.
5
The Lore
The company's Harris Products and Viking brands are well known in the trade, but the parent name is plastered on the welding machines found in virtually every serious fabrication shop in the world.
6
The Giveaway
The global leader in arc welding equipment and consumables, its name is borrowed from a president — and its ticker, LECO, sits right there in plain sight.

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What's Driving LECO's Business? Latest 10-Q Breakdown

✓ 21/21 datapoints verified

AI-extracted from LINCOLN ELECTRIC HOLDINGS INC's 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Lincoln Electric reported net sales of $1.12B, up 11.7% YoY driven by pricing gains and acquisitions, with net income rising 15.1% to $136.4M.

Biggest Revenue Drivers

Total revenue: $1,121.4M+11.7% YoY

Americas Welding$706.2M+8.1% YoY

Pricing actions in response to higher input costs partially offset by lower volumes.

International Welding$227.0M+3.6% YoY

Acquisition benefit and weaker U.S. dollar offset by lower automation project volumes and Middle East conflict impact.

The Harris Products Group$188.2M+42.3% YoY

Operating leverage from higher organic sales driven by price actions of 41.4%.

Largest Expense Items

Cost of goods sold$722.3M13.0% of sales vs. baseline

Unfavorable impacts from volumes and product mix, LIFO charge of $838K.

Selling, general & administrative expenses$210.8M+7.2% YoY

Increases in discretionary spend, employee costs, and unfavorable foreign currency translation.

Interest expense, net$13.4M+10.3% YoY

Higher debt levels and rate environment.

Margins: Gross margin declined 0.8 percentage points to 35.6% due to unfavorable volume and product mix impacts, though pricing partially offset cost pressures. Operating margin remained stable at 16.6% on an adjusted basis.

Watch Items from the Filing

International Welding volume decline of 9.9% driven by lower automation project volumes and Middle East geopolitical conflict impact.
Operating cash flow declined 55% to $102.2M due to unfavorable working capital; inventory strategically increased to 120.8 days sales.
Rationalization charges of $2.2M in Q1 2026 continue across all three segments; company expects positive future impact but may incur additional charges.
Acquisition of Alloy Steel Australia (100% ownership for $130M) contributes $15.8M to International Welding revenue in Q1 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$1.1B

Net Income

Q1 2026

$136.4M

Free Cash Flow

Q1 2026

$63.0M

Operating Margin

Q1 2026

16.6%

D/E Ratio

Q1 2026

0.87

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+5.6% YoY

$4.23BFY 2025

FY22 $3.76BFY23 $4.19BFY24 $4.01BFY25 $4.23B

Net Income

+11.7% YoY

$520.5MFY 2025

FY22 $472.2MFY23 $545.2MFY24 $466.1MFY25 $520.5M

Operating Income

+12.8% YoY

$718.1MFY 2025

FY22 $612.3MFY23 $717.8MFY24 $636.5MFY25 $718.1M

EPS (Diluted)

+14.4% YoY

$9.32FY 2025

FY22 $8.04FY23 $9.37FY24 $8.15FY25 $9.32

Total Assets

+7.3% YoY

$3.78BFY 2025

FY22 $3.18BFY23 $3.38BFY24 $3.52BFY25 $3.78B

Total Debt

+2.6% YoY

$1.29BFY 2025

FY22 $1.20BFY23 $1.11BFY24 $1.26BFY25 $1.29B

Op. Cash Flow

+10.4% YoY

$661.2MFY 2025

FY22 $383.4MFY23 $667.5MFY24 $599.0MFY25 $661.2M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.23B +5.6%	$4.01B -4.4%	$4.19B +11.4%	$3.76B +16.3%	$3.23B +21.8%	$2.66B
Net Income	$520.5M +11.7%	$466.1M -14.5%	$545.2M +15.5%	$472.2M +70.7%	$276.6M +34.2%	$206.1M
Operating Income	$718.1M +12.8%	$636.5M -11.3%	$717.8M +17.2%	$612.3M +32.6%	$461.7M +63.7%	$282.1M
EPS (Diluted)	$9.32 +14.4%	$8.15 -13.0%	$9.37 +16.5%	$8.04 +74.8%	$4.60 +34.5%	$3.42
Total Assets	$3.78B +7.3%	$3.52B +4.2%	$3.38B +6.2%	$3.18B +22.7%	$2.59B +12.0%	$2.31B
Total Debt	$1.29B +2.6%	$1.26B +14.1%	$1.11B -8.2%	$1.20B +56.4%	$769.8M +7.2%	$718.2M
Operating Cash Flow	$661.2M +10.4%	$599.0M -10.3%	$667.5M +74.1%	$383.4M +5.0%	$365.1M +3.9%	$351.4M

AI Insight: LECO Financial Trends

Revenue acceleration and margin expansion through 2025–early 2026 offset by volatile operating cash flow and rising debt levels.

• Revenue grew 9.7% from Q2 2024 ($1,022M) to Q1 2026 ($1,121M), with Q2–Q3 2025 peaks at $1,089M–$1,061M.

• Operating income margin improved from 14.6% in Q2 2024 to 16.6% in Q1 2026, driven by Q2 2025 peak of 17.6%.

• Total debt rose 19.6% from $1,098M (Q2 2024) to $1,314M (Q1 2026); debt-to-equity ratio increased from 0.84x to 0.87x.

⚠ Operating cash flow remains volatile—ranging $95M–$237M quarterly—with Q4 2024, Q2 2025, and Q4 2025 all below $150M.

⚠ Net income contracted to $123M in Q3 2025 despite $1,061M revenue, signaling margin pressure or cost absorption.

AI Insight: LECO Ratio Trends

Lincoln Electric sustained operating margins near 17% through Q1 2026, with ROIC stabilizing around 26% after a peak of 29.2% in Q2 2025.

• Operating margin expanded from 14.6% in Q2 2024 to 17.0% TTM, a 240bp gain reflecting operational leverage.

• ROIC climbed from 24.7% in Q2 2024 to 26.2% TTM, demonstrating improved capital efficiency over 18 months.

• Debt-to-equity declined from 0.95 in Q4 2024 to 0.87 in Q1 2026, signaling deleveraging despite stable profitability.

⚠ ROIC peaked at 29.2% in Q2 2025, then contracted 270bp by Q1 2026 — monitor sustainability of current 26% level.

⚠ ROE softened from 41.6% in Q2 2025 to 36.1% in Q1 2026, suggesting moderation in near-term return generation.

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Available Research

13F Pro tracks comprehensive data for LINCOLN ELECTRIC HOLDINGS INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LECO

BlackRock, Inc.
$1.3B5,221,905 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$632.2M2,538,115 sh
VANGUARD CAPITAL MANAGEMENT LLC
$612.7M2,459,929 sh
STATE STREET CORP
$557.0M2,229,197 sh
VICTORY CAPITAL MANAGEMENT INC
$369.5M1,483,496 sh
GEODE CAPITAL MANAGEMENT, LLC
$340.1M1,365,309 sh
Invesco Ltd.
$291.2M1,169,116 sh
AQR CAPITAL MANAGEMENT LLC
$278.8M1,135,450 sh
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
$199.4M800,524 sh
Boston Partners
$199.2M799,875 sh

Fund	Value	Shares
BlackRock, Inc.	$1.3B	5,221,905
VANGUARD PORTFOLIO MANAGEMENT LLC	$632.2M	2,538,115
VANGUARD CAPITAL MANAGEMENT LLC	$612.7M	2,459,929
STATE STREET CORP	$557.0M	2,229,197
VICTORY CAPITAL MANAGEMENT INC	$369.5M	1,483,496
GEODE CAPITAL MANAGEMENT, LLC	$340.1M	1,365,309
Invesco Ltd.	$291.2M	1,169,116
AQR CAPITAL MANAGEMENT LLC	$278.8M	1,135,450
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	$199.4M	800,524
Boston Partners	$199.2M	799,875

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Is LECO a good stock to buy?

13F Pro's AI-powered analysis of LINCOLN ELECTRIC HOLDINGS INC (LECO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LECO are available on the LECO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LECO?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LECO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LINCOLN ELECTRIC HOLDINGS INC's investment landscape.