Lincoln Electric Holdings, Inc. Financial Ratios — LNE Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	18.8	20.43	20.48	18.13	11.51	24.15	30.13	31.57	34.38	25.65	33.46	49.75	46.54	35.36	37.22
Return on Assets (%)	11.55	12.66	13.85	12.45	6.85	10.64	11.38	12.07	12.42	8.8	11.27	16.36	16.63	13.52	14.27
Return on Capital (%)	17.47	19.48	20.34	18.07	10.89	15.57	17.06	18.63	19.75	14.52	18.8	25.61	24.96	19.98	20.95
Return on Invested Capital (%)	16.56	18.48	18.99	17.09	10.24	14.99	16.8	18.27	18.86	14.47	25.22	25.35	24.63	20.06	20.78
Gross Margin (%)	27.34	30.37	33.04	33.74	33.17	34.58	33.34	33.96	33.55	32.81	33.04	34.05	34.96	36.74	36.25
EBITDA Margin (%)	13.31	14.98	16.68	15.76	9.69	15.33	16.96	14.79	15.06	13.65	16.78	18.36	19.19	18.08	19.29
Operating Margin (%)	11.02	13.02	14.56	14.35	7.95	13.98	12.72	13.23	12.86	12.33	14.58	16.59	16.86	17.27	17.39
Incremental Operating Margin (%)	17.76	46.91	- -	29.6	72.84	- -	4.55	16.56	57.97	16.83	24.87	28.96	19.15	7.77	19.59
Pretax Margin (%)	11.18	12.95	14.6	13.36	6.7	12.19	13.95	12.17	12.27	9.94	10.05	15.76	16.39	14.82	15.96
Profit Margin (%)	8.06	9.02	10.3	9.05	5.03	8.72	9.43	9.48	9.76	7.76	8.55	12.56	13.01	11.63	12.3
Net Income to Common Margin (%)	8.06	9.02	10.3	9.05	5.03	8.72	9.43	9.48	9.76	7.76	8.55	12.56	13.01	11.63	12.3
Effective Tax Rate (%)	27.98	30.4	29.96	32.45	24.96	28.49	32.43	22.15	20.46	21.93	14.9	20.34	20.62	21.55	22.94
Dvd Payout Ratio (%)	23.95	28.45	17.02	28.95	68.29	44.03	37.36	35.57	40.24	57.29	44.04	27.68	27.15	34.79	32.32
Sustainable Growth Rate (%)	14.3	14.62	16.99	12.88	3.65	13.52	18.87	20.34	20.55	10.95	18.72	35.98	33.91	23.06	25.19

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	103	20	19	71	355	706	706	703	747	718	770	1,204	1,105	1,261	1,291
ST Debt	101	19	15	68	4	2	2	- -	35	3	53	93	2	111	144
LT Debt	2	2	4	2	350	704	704	703	712	715	717	1,110	1,103	1,151	1,148
Total Debt/EBITDA	0.29	0.05	0.04	0.16	1.44	2.02	1.59	1.57	1.65	1.98	1.42	1.74	1.37	1.74	1.58
Net Debt/EBITDA	-0.72	-0.62	-0.59	-0.47	0.21	0.94	0.85	0.77	1.21	1.27	1.06	1.46	0.88	1.22	1.2
Total Debt/EBIT	0.35	0.06	0.05	0.19	1.95	2.49	1.87	1.87	2.01	2.55	1.67	1.97	1.54	1.98	1.8
Net Debt/EBIT	-0.87	-0.74	-0.69	-0.56	0.28	1.15	1.01	0.92	1.48	1.63	1.25	1.64	0.99	1.39	1.37
EBITDA to Interest Expense	53.51	101.98	166.16	42.49	11.26	20.53	22.9	25.5	19.32	16.5	24.44	23.4	18.13	16.94	15.84
EBITDA-CapEx/Interest Expense	53.51	101.98	166.16	42.49	11.26	20.53	22.9	25.5	19.32	16.5	24.44	23.4	18.13	16.94	15.84
EBIT to Interest Expense	44.3	88.63	145.06	38.7	9.24	18.72	17.18	22.82	16.49	14.91	21.23	21.16	15.92	16.18	14.28
Interest Expense	7	4	3	10	22	17	19	18	23	22	22	30	44	43	52
Common Equity/Total Assets	59.54	64.23	70.94	66.14	52.21	36.61	38.71	37.75	34.5	34.1	33.33	32.51	38.75	37.71	38.91
Long-Term Debt/Equity (%)	0.16	0.12	0.25	0.19	37.57	98.81	75.51	79.15	86.96	90.54	83.01	107.38	84.25	86.67	78.08
Long-Term Debt/Capital (%)	0.15	0.12	0.24	0.18	27.22	49.63	42.97	44.18	45.48	47.43	43.89	49.62	45.68	44.45	41.56
Long-Term Debt/Total Assets (%)	0.1	0.08	0.18	0.13	19.64	36.21	29.26	29.9	30.04	30.91	27.66	34.91	32.65	32.68	30.38
Total Debt/Equity (%)	8.66	1.49	1.25	5.5	38.03	99.07	75.74	79.16	91.23	90.88	89.11	116.42	84.44	95	87.86
Total Debt/Capital (%)	7.97	1.47	1.23	5.21	27.55	49.77	43.1	44.19	47.71	47.61	47.12	53.79	45.78	48.72	46.77
Total Debt/Total Assets (%)	5.23	0.97	0.89	3.64	19.88	36.31	29.35	29.9	31.51	31.03	29.7	37.85	32.72	35.82	34.18
Net Debt to Equity	-21.6	-19.6	-18.34	-16.16	5.41	45.83	40.71	38.74	66.87	58.32	66.77	97.36	54.35	66.58	66.85
Net Debt/Capital (%)	-27.55	-24.37	-22.46	-19.27	5.13	31.43	28.93	27.92	40.07	36.84	40.04	49.33	35.21	39.97	40.07
EBITDA	359	427	476	443	246	349	445	448	452	363	543	690	805	725	817
EBITDA-CapEx	359	427	476	443	246	349	445	448	452	363	543	690	805	725	817
Operating Income (Loss)	297	371	415	404	202	318	334	401	386	328	471	624	707	692	736

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.77	0.65	0.66	0.57	0.82	1.08	0.96	0.67	0.35	0.47	0.26	0.23	0.52	0.43	0.32
Current Ratio	2.59	2.57	2.47	2.23	2.53	2.69	2.6	2.3	1.91	2.02	1.71	1.83	2.24	1.87	1.82
Quick Ratio	1.59	1.47	1.46	1.25	1.54	1.78	1.7	1.4	1.02	1.15	0.82	0.87	1.24	0.98	0.89
CFO/Avg Current Liab	0.48	0.72	0.76	0.85	0.73	0.82	0.73	0.62	0.73	0.63	0.56	0.48	0.83	0.73	0.72
Common Equity/Total Assets	59.54	64.23	70.94	66.14	52.21	36.61	38.71	37.75	34.5	34.1	33.33	32.51	38.75	37.71	38.91
Long-Term Debt/Equity (%)	0.16	0.12	0.25	0.19	37.57	98.81	75.51	79.15	86.96	90.54	83.01	107.38	84.25	86.67	78.08
Long-Term Debt/Capital (%)	0.15	0.12	0.24	0.18	27.22	49.63	42.97	44.18	45.48	47.43	43.89	49.62	45.68	44.45	41.56
Long-Term Debt/Total Assets (%)	0.1	0.08	0.18	0.13	19.64	36.21	29.26	29.9	30.04	30.91	27.66	34.91	32.65	32.68	30.38
Total Debt/Equity (%)	8.66	1.49	1.25	5.5	38.03	99.07	75.74	79.16	91.23	90.88	89.11	116.42	84.44	95	87.86
Total Debt/Capital (%)	7.97	1.47	1.23	5.21	27.55	49.77	43.1	44.19	47.71	47.61	47.12	53.79	45.78	48.72	46.77
Total Debt/Total Assets (%)	5.23	0.97	0.89	3.64	19.88	36.31	29.35	29.9	31.51	31.03	29.7	37.85	32.72	35.82	34.18
CFO/Total Liabilities	24.7	44.77	54.56	61.48	36.73	25.39	22.72	22.51	25.98	23.05	21.12	17.86	32.27	27.32	28.65
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.61	7.64	7.84	7.98	8.42	8.44	7.84	7.65	7.79	7.1	8.06	7.75	7.76	7.85	8.29
Days Sales Outstanding	47.96	47.77	46.56	45.72	43.35	43.22	46.54	47.73	46.88	51.42	45.29	47.1	47.04	46.47	44.01
Inventory Turnover	5.89	5.38	5.34	5.4	5.49	5.6	5.79	5.63	5.28	4.6	4.7	4.12	4.44	4.58	4.58
Days Inventory Outstanding	61.98	67.8	68.3	67.66	66.44	65.16	63.02	64.83	69.1	79.28	77.63	88.69	82.23	79.66	79.62
Accounts Payable Turnover	12.61	10.25	8.97	8.78	8.99	8.91	8.25	7.48	7.49	6.69	7.92	7.64	7.74	8.09	8.43
Accounts Payable Turnover Days	28.94	35.6	40.68	41.57	40.58	40.96	44.23	48.8	48.75	54.55	46.07	47.78	47.13	45.1	43.3
Cash Conversion Cycle	81	79.97	74.18	71.81	69.21	67.43	65.34	63.76	67.23	76.15	76.85	88	82.14	81.04	80.33
Inventory to Cash Days	-14.02	-20.04	-21.74	-21.94	-23.09	-21.94	-16.48	-17.09	-22.21	-27.86	-32.34	-41.59	-35.19	-33.19	-35.61
Inventories	373	365	350	341	276	255	349	362	394	381	540	665	563	544	633
Raw Materials	117	120	112	112	88	77	98	104	117	112	143	181	161	154	164
Work In Process	42	42	39	41	40	41	51	54	64	60	98	165	126	123	124
Finished Goods	214	203	199	187	148	138	200	204	213	209	299	320	276	267	345
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	361	286	300	278	304	379	327	359	200	257	193	197	394	377	309
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	16	16	4	3	1	1	1	1	1	1	- -	- -	- -	- -	- -
+ Total Debt	103	20	19	71	355	706	706	703	747	718	770	1,204	1,105	1,261	1,291
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	1,297	1,379	1,550	1,356	1,287	1,418	1,639	1,590	1,566	1,508	1,634	2,238	2,414	2,589	2,761
Total Debt/Capital (%)	7.97	1.47	1.23	5.21	27.55	49.77	43.1	44.19	47.71	47.61	47.12	53.79	45.78	48.72	46.77
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	2,695	2,853	2,853	2,813	2,536	2,275	2,624	3,029	3,003	2,655	3,234	3,761	4,192	4,009	4,233
TTM EBITDA	359	427	476	443	246	349	445	448	452	363	543	690	805	725	817
TTM Operating Income	297	371	415	404	202	318	334	401	386	328	471	624	707	692	736
TTM Cash Flow to Firm	198	330	341	409	329	325	348	343	422	369	384	407	703	633	701
TTM Free Cash Flow to Firm	198	330	341	409	329	325	348	343	422	369	384	407	703	633	701

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	84	83	81	77	71	66	66	64	61	60	59	58	57	56	55
Diluted Weighted Avg Shares	85	84	83	80	75	68	67	66	63	60	60	59	58	57	56
Basic Weighted Avg Shares	84	83	82	79	74	67	66	65	62	60	59	58	57	57	55
Revenue per Share	32.2	34.34	34.8	35.53	34.22	33.72	39.92	46.68	48.47	44.53	54.53	64.81	73.07	70.78	76.39
EBITDA per Share	4.29	5.14	5.8	5.6	3.32	5.17	6.77	6.9	7.3	6.08	9.15	11.9	14.02	12.8	14.74
Operating Income per Share	3.55	4.47	5.07	5.1	2.72	4.71	5.08	6.18	6.23	5.49	7.95	10.76	12.32	12.22	13.29
Basic EPS, GAAP	2.6	3.1	3.58	3.22	1.72	2.94	3.76	4.42	4.73	3.46	4.66	8.14	9.51	8.23	9.39
Basic EPS from Cont Ops	2.59	3.1	3.56	3.21	1.72	2.94	3.76	4.42	4.73	3.46	4.66	8.14	9.51	8.23	9.39
Diluted EPS, GAAP	2.56	3.06	3.54	3.18	1.7	2.91	3.71	4.37	4.68	3.42	4.6	8.04	9.37	8.15	9.32
Diluted EPS from Cont Ops	2.56	3.06	3.51	3.17	1.7	2.91	3.71	4.37	4.68	3.42	4.6	8.04	9.37	8.15	9.32
Dividend per Share	0.62	0.88	0.6	0.93	1.17	1.29	1.41	1.57	1.9	1.98	2.05	2.25	2.58	2.86	3.04
Cash Flow per Share	2.31	3.94	4.13	5.07	4.22	4.63	5.09	5.07	6.51	5.89	6.16	6.61	11.64	10.58	11.93
Free Cash Flow per Basic Share	2.31	3.94	4.13	5.07	4.22	4.63	5.09	5.07	6.51	5.89	6.16	6.61	11.64	10.58	11.93
Cash & Equivalents per Share	4.31	3.45	3.7	3.62	4.3	6.37	7.7	5.65	3.29	4.31	3.28	3.42	6.91	6.71	5.63
Book Value per Share	14.05	16.18	18.84	16.66	13.18	10.83	14.19	13.96	13.5	13.23	14.7	17.95	22.97	23.62	26.8
Tangible Book Value per Share	12.15	12.98	14.87	12.59	8.82	5.32	8.67	7.2	5.01	5.35	4.84	2.88	7.51	5.36	6.07