Lincoln Electric Holdings, Inc.

LECONASDAQIndustrials● Active

$262.91

+$0.78(+0.30%)

Market Cap$14.4B

P/E Ratio—

52W High$310

52W Low$194.88

Avg Volume354K

Open$261.77

Beta1.22

Free Cash Flow Financials Revenue

Lincoln Electric Holdings, Inc. (LECO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LECO · free cash flow · updated Jun 8, 2026

Core FCF metrics

LECO · FCF · TTM · margin & CAGR

Free cash flow was $534.2M for FY2025 (fiscal year ending 2025-12-31), up 10.7% year-over-year The FCF margin was 12.6%. Five-year CAGR stands at +12.8%.

FY2025 Free Cash Flow$534.2M▲ +10.7% YoY

Trailing 12M (TTM)$438.5Mtrailing 4 quarters sum

FCF Margin12.6%$534.2M ÷ revenue

3-Year CAGR+19.7%FY2022 → FY2025

5-Year CAGR+12.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LECO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$661.2M(127M)$534.2M▲ +10.7%12.6%

FY2024$599.0M(117M)$482.4M▼ 16.3%12.0%

FY2023$667.5M(91M)$576.6M▲ +85.1%13.8%

FY2022$383.4M(72M)$311.5M▲ +3.0%8.3%

FY2021$365.1M(63M)$302.5M▲ +3.5%9.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LECO · P/FCF · FCF yield · FCF per share

Lincoln Electric Holdings, Inc. (LECO) trades at a FCF yield of 3.03% and a price-to-free-cash-flow ratio of 33.2x. FCF per share stands at $7.91, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.03%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.91

TTM FCF ÷ Shares Outstanding

Price / FCF

x33.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x35.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LECO · cash flow statement · operating / investing / financing

For FY2025, Lincoln Electric Holdings, Inc. generated $661.2M in operating cash flow and spent 127M in capital expenditures, yielding $534.2M in free cash flow.

Operating Activities

+$661.2M

Cash from core business operations

2025-12-31

Investing Activities

−$257.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$461.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($661.2M) − |CapEx| (127M) = FCF ($534.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

LECO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lincoln Electric Holdings, Inc.YOU

LECO

$534.2M+10.7%12.6%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Lincoln Electric Holdings, Inc. (LECO) reported free cash flow of $534.2M for FY2025 (fiscal year ending 2025-12-31), up 10.7% year-over-year. The FCF margin was 12.6%.

Based on available data, Lincoln Electric Holdings, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $576.6M in FY2023. The 5-year CAGR stands at +12.8%.

Lincoln Electric Holdings, Inc.'s FCF yield is 3.03% and price-to-FCF ratio is 33.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LECO free cash flow · 8 questions

Lincoln Electric Holdings, Inc. free cash flow was $534.2M for FY2025, up 10.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $438.5M.

LECO free cash flowLECO FCFLECO FCF 2025LECO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lincoln Electric Holdings, Inc. · Lincoln Electric Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026