LECOLINCOLN ELECTRIC HOLDINGS INC
Metalworkg Machinery & Equipment
- Revenue
- $4.2B
- 5.6% YoY
- Operating margin
- 17.0%
- 6.8% YoY
- EBITDA
- $817M
- 13% YoY
- Market cap
- $15.0B
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $867M net debt
- AI in 10-K
- 6.7
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo127% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo77% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo23% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo6.7 per 10K words · 87th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$15.0B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$8M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.2B | $3.8B | $4.2B | $4.0B | $4.2B | 5.6% |
| Operating income | $462M | $612M | $718M | $636M | $718M | 13% |
| Net income | $277M | $472M | $545M | $466M | $521M | 12% |
| Operating cash flow | $365M | $383M | $668M | $599M | $661M | 10% |
| Capex | $63M | $72M | $91M | $117M | $127M | 8.9% |
| Stock-based comp | $24M | $25M | $26M | $24M | $20M | 15% |
| Buybacks | $165M | $181M | $199M | $264M | $338M | 28% |
| Dividends | $122M | $131M | $148M | $162M | $168M | 3.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $8M · 7
- Net
- −$8M
Pay vs performance
No pay-versus-performance disclosure yet.