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Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm’s portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4 billion in sales in 2024.
1906
12K+
LTM Revenue $4.0B
LTM EBITDA $794M
$11.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Lincoln Electric has a last 12-month revenue of $4.0B and a last 12-month EBITDA of $794M.
In the most recent fiscal year, Lincoln Electric achieved revenue of $4.0B and an EBITDA of $725M.
Lincoln Electric expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lincoln Electric valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.0B | XXX | XXX | XXX |
| Gross Profit | $1.3B | $1.5B | XXX | XXX | XXX |
| Gross Margin | 31% | 37% | XXX | XXX | XXX |
| EBITDA | $818M | $725M | XXX | XXX | XXX |
| EBITDA Margin | 20% | 18% | XXX | XXX | XXX |
| Net Profit | $472M | $545M | XXX | XXX | XXX |
| Net Margin | 11% | 14% | XXX | XXX | XXX |
| Net Debt | $1.0B | $711M | XXX | XXX | XXX |
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As of April 15, 2025, Lincoln Electric's stock price is $180.
Lincoln Electric has current market cap of $10.1B, and EV of $11.0B.
See Lincoln Electric trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11.0B | $10.1B | XXX | XXX | XXX | XXX | $9.28 |
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Sign UpAs of April 15, 2025, Lincoln Electric has market cap of $10.1B and EV of $11.0B.
Lincoln Electric's trades at 2.7x LTM EV/Revenue multiple, and 13.8x LTM EBITDA.
Analysts estimate Lincoln Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lincoln Electric and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $11.0B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.1x | XXX | XXX | XXX |
| P/E | 21.6x | XXX | XXX | XXX |
| P/E/Growth | 2.1x | XXX | XXX | XXX |
| EV/FCF | 22.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpLincoln Electric's NTM/LTM revenue growth is 2%
Lincoln Electric's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Lincoln Electric's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lincoln Electric's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lincoln Electric and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -11% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 19% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Aalberts | XXX | XXX | XXX | XXX | XXX | XXX |
| ABB India | XXX | XXX | XXX | XXX | XXX | XXX |
| Cummins India | XXX | XXX | XXX | XXX | XXX | XXX |
| Escorts Kubota | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lincoln Electric acquired XXX companies to date.
Last acquisition by Lincoln Electric was XXXXXXXX, XXXXX XXXXX XXXXXX . Lincoln Electric acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Lincoln Electric founded? | Lincoln Electric was founded in 1906. |
| Where is Lincoln Electric headquartered? | Lincoln Electric is headquartered in United States of America. |
| How many employees does Lincoln Electric have? | As of today, Lincoln Electric has 12K+ employees. |
| Who is the CEO of Lincoln Electric? | Lincoln Electric's CEO is Mr. Steven B. Hedlund. |
| Is Lincoln Electric publicy listed? | Yes, Lincoln Electric is a public company listed on NAS. |
| 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? | Similar companies to Lincoln Electric include e.g. , Aalberts, ABB India, Cummins India. |
| What is the current market cap of Lincoln Electric? | Lincoln Electric's current market cap is $10.1B |
| What is the current revenue of Lincoln Electric? | Lincoln Electric's last 12-month revenue is $4.0B. |
| What is the current EBITDA of Lincoln Electric? | Lincoln Electric's last 12-month EBITDA is $794M. |
| What is the current EV/Revenue multiple of Lincoln Electric? | Current revenue multiple of Lincoln Electric is 2.7x. |
| What is the current EV/EBITDA multiple of Lincoln Electric? | Current EBITDA multiple of Lincoln Electric is 13.8x. |
| What is the current revenue growth of Lincoln Electric? | Lincoln Electric revenue growth between 2023 and 2024 was -4%. |
| Is Lincoln Electric profitable? | Yes, Lincoln Electric is EBITDA-positive (as of the last 12 months). |
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