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Lincoln Electric Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lincoln Electric and similar public comparables like Graco, Pentair, Goldwind Science, CNH Industrial and more.
Lincoln Electric Overview
About Lincoln Electric
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. Based in Cleveland, Lincoln Electric operates in 19 countries and employs 11,000 worldwide. The company generated roughly $4.2 billion in sales in 2025.
Founded
1906
HQ
Employees
12.0K
Website
Sectors
Financials (LTM)
EV
$17B
Lincoln Electric Financials
Lincoln Electric reported last 12-month revenue of $4B and EBITDA of $859M.
In the same LTM period, Lincoln Electric generated $2B in gross profit, $859M in EBITDA, and $561M in net income.
Revenue (LTM)
Lincoln Electric P&L
In the most recent fiscal year, Lincoln Electric reported revenue of $4B and EBITDA of $843M.
Lincoln Electric expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $859M | XXX | $843M | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $561M | XXX | $551M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $983M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lincoln Electric Stock Performance
Lincoln Electric has current market cap of $16B, and enterprise value of $17B.
Market Cap Evolution
Lincoln Electric's stock price is $287.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $16B | 0.0% | XXX | XXX | XXX | $10.02 |
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Start Free TrialLincoln Electric Valuation Multiples
Lincoln Electric trades at 3.9x EV/Revenue multiple, and 19.5x EV/EBITDA.
EV / Revenue (LTM)
Lincoln Electric Financial Valuation Multiples
As of March 17, 2026, Lincoln Electric has market cap of $16B and EV of $17B.
Equity research analysts estimate Lincoln Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lincoln Electric has a P/E ratio of 28.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 3.9x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 19.5x | XXX | 19.9x | XXX | XXX | XXX |
| EV/EBIT | 22.0x | XXX | 22.5x | XXX | XXX | XXX |
| EV/Gross Profit | 10.7x | XXX | 10.9x | XXX | XXX | XXX |
| P/E | 28.2x | XXX | 28.7x | XXX | XXX | XXX |
| EV/FCF | 33.1x | XXX | 31.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lincoln Electric Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Lincoln Electric Margins & Growth Rates
Lincoln Electric's revenue in the last 12 month grew by 6%.
Lincoln Electric's revenue per employee in the last FY averaged $0.4M.
Lincoln Electric's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lincoln Electric's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Lincoln Electric Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lincoln Electric Public Comps
See public comps and valuation multiples for other Machinery comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Graco | XXX | XXX | XXX | XXX | XXX | XXX |
| Pentair | XXX | XXX | XXX | XXX | XXX | XXX |
| Goldwind Science | XXX | XXX | XXX | XXX | XXX | XXX |
| CNH Industrial | XXX | XXX | XXX | XXX | XXX | XXX |
| Metso | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Lincoln Electric M&A Activity
Lincoln Electric acquired XXX companies to date.
Last acquisition by Lincoln Electric was on XXXXXXXX, XXXXX. Lincoln Electric acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lincoln Electric
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialLincoln Electric Investment Activity
Lincoln Electric invested in XXX companies to date.
Lincoln Electric made its latest investment on XXXXXXXX, XXXXX. Lincoln Electric invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lincoln Electric
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Lincoln Electric
| When was Lincoln Electric founded? | Lincoln Electric was founded in 1906. |
| Where is Lincoln Electric headquartered? | Lincoln Electric is headquartered in United States. |
| How many employees does Lincoln Electric have? | As of today, Lincoln Electric has over 12K employees. |
| Who is the CEO of Lincoln Electric? | Lincoln Electric's CEO is Steven B. Hedlund. |
| Is Lincoln Electric publicly listed? | Yes, Lincoln Electric is a public company listed on Nasdaq. |
| What is the stock symbol of Lincoln Electric? | Lincoln Electric trades under LECO ticker. |
| When did Lincoln Electric go public? | Lincoln Electric went public in 1983. |
| Who are competitors of Lincoln Electric? | Lincoln Electric main competitors are Graco, Pentair, Goldwind Science, CNH Industrial. |
| What is the current market cap of Lincoln Electric? | Lincoln Electric's current market cap is $16B. |
| What is the current revenue of Lincoln Electric? | Lincoln Electric's last 12 months revenue is $4B. |
| What is the current revenue growth of Lincoln Electric? | Lincoln Electric revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Lincoln Electric? | Current revenue multiple of Lincoln Electric is 3.9x. |
| Is Lincoln Electric profitable? | Yes, Lincoln Electric is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lincoln Electric? | Lincoln Electric's last 12 months EBITDA is $859M. |
| What is Lincoln Electric's EBITDA margin? | Lincoln Electric's last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Lincoln Electric? | Current EBITDA multiple of Lincoln Electric is 19.5x. |
| What is the current FCF of Lincoln Electric? | Lincoln Electric's last 12 months FCF is $506M. |
| What is Lincoln Electric's FCF margin? | Lincoln Electric's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Lincoln Electric? | Current FCF multiple of Lincoln Electric is 33.1x. |
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