Lincoln Electric HoldingsLECO -0.07%97 Net Margin % is 12.16% as of Mar. 2026, which is 26% above its 10-year median of 9.62. GuruFocus rates LECO with a GF Score™ of 97/100 and a GF Value™ of $236.84 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 3,039 Industrial Products companies, Lincoln Electric Holdings ranks better than 82.99% on this metric.
The historical rank and industry rank for Lincoln Electric Holdings's Net Margin % or its related term are showing as below:
LECO'
s Net Margin % Range Over the Past 10 Years
Min: 7.76 Med: 9.62 Max: 13.01
Current: 12.38
LECO's Net Margin % is ranked better than 82.99% of 3039
companies
in the Industrial Products industry
Industry Median: 4.53
vs LECO: 12.38
Lincoln Electric Holdings (NAS:LECO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Lincoln Electric Holdings Net Margin % Related Terms
Lincoln Electric Holdings Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Tools & Accessories subindustry, Lincoln Electric Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lincoln Electric Holdings Net Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lincoln Electric Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Lincoln Electric Holdings's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lincoln Electric Holdings (LECO) has a Net Margin % of 12.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Lincoln Electric Holdings and its competitors. This is 26% above median its historical median of 9.62. Over the past decade, Lincoln Electric Holdings' Net Margin % has ranged from 7.76 to 13.01. According to the industry distribution chart, Lincoln Electric Holdings ranks #517 out of 3039 companies in the Industrial Products industry, placing it in the top 17%.
Is Lincoln Electric Holdings' Net Margin % too high?
Lincoln Electric Holdings' current Net Margin % of 12.16% is 26% above median its 10-year median of 9.62. Over the past 10 years, this metric has ranged from a low of 7.76 to a high of 13.01. The Industrial Products industry median Net Margin % is 4.53. Lincoln Electric Holdings' value of 12.16% is 168.4% above this industry median. Based on the distribution chart, Lincoln Electric Holdings ranks #517 out of 3039 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Lincoln Electric Holdings has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Electric Holdings' Net Margin % compare to SWK and RBC?
According to the Industrial Products industry distribution chart, Lincoln Electric Holdings ranks #517 out of 3039 companies for Net Margin %. This places Lincoln Electric Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.53. Lincoln Electric Holdings' value of 12.16% is 168.4% above this benchmark. Historically, Lincoln Electric Holdings' own Net Margin % has ranged from 7.76 to 13.01 over the past decade. While the company's 10-year median is 9.62 vs. the industry median of 4.53, Lincoln Electric Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Industrial Products company?
The median Net Margin % among Industrial Products companies is 4.53, based on 3,039 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Electric Holdings's current Net Margin % of 12.16% is 168.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Lincoln Electric Holdings and its competitors. For the Industrial Products industry, the median Net Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Electric Holdings's current Net Margin % is 12.16%, which is 26% above median its own 10-year median of 9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Electric Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Electric Holdings (LECO) is currently considered Modestly Overvalued. The stock's GF Value™ is $236.84, compared to a current price of $268.91 — trading 13.5% above its estimated fair value. The current Net Margin % is 12.16%, which is 26% above median its 10-year median of 9.62 and 168.4% above the Industrial Products industry median of 4.53. Lincoln Electric Holdings' overall GF Score™ is 97/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Lincoln Electric Holdings (LECO), the current Net Margin % is 12.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lincoln Electric Holdings (LECO) Overvalued in 2026?
Based on GuruFocus' analysis, Lincoln Electric Holdings stock appears to be overvalued.
The current stock price of $268.91 is trading 13.5% above its estimated GF Value™ of $236.84.
GuruFocus considers Lincoln Electric Holdings to be Modestly Overvalued.
Key valuation signals for LECO:
Net Margin %: 12.16% (26% above median its 10-year median of 9.62)
GF Value™: $236.84 vs. price of $268.91 (13.5% above fair value)
Industry Position: 168.4% above the Industrial Products median (#517 of 3039)
No single metric tells the full story. See the LECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and automation solutions. Lincoln Electric serves clients across general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries, among others. The company generated roughly $4.2 billion in sales in 2025.
97GF Score
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