Filing Flows › Lincoln Electric Holdings (LECO) › Q3 2026 › vs Q3 2025
Lincoln Electric Holdings (LECO) Q3 2026 vs Q3 2025 (year over year)
Lincoln Electric Holdings's revenue rose $160M (+15%) from $1.1B in Q3 2025 to $1.2B in Q3 2026. The biggest changes: Consumables +$92.2M (+16%); Equipment +$34.2M (+13%); Automation +$33.6M (+17%). Gross margin 34.8% against 36.7% (-1.9 pts).
Lincoln Electric Holdings, Q3 2026: revenue $1.2B (+15% year over year), operating margin 17.3%, net earnings $144M, operating cash flow $216M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.8% | 36.7% | -1.9 pts |
| Operating margin | 17.3% | 16.6% | +0.7 pts |
| Net margin | 11.8% | 11.6% | +0.3 pts |
| Free cash flow margin | 14.3% | 19.3% | -5.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Consumables | $683M | $591M | $92.2M | +16% |
| Equipment | $306M | $272M | $34.2M | +13% |
| Automation | $232M | $199M | $33.6M | +17% |
| Revenue | $1.2B | $1.1B | $160M | +15% |
| Gross profit | $425M | $389M | $35.7M | +9% |
| Cost of revenue | $796M | $672M | $124M | +19% |
| Operating profit | $211M | $177M | $34.7M | +20% |
| Operating expenses | $214M | $213M | $1.0M | +0.5% |
| Pre-tax earnings | $200M | $166M | $34.0M | +21% |
| Other expense, net | $11.3M | $10.7M | $681K | +6% |
| SG&A | $206M | $207M | −$1.0M | -0.5% |
| Other operating costs | $7.9M | $5.8M | $2.0M | +35% |
| Net earnings | $144M | $123M | $21.7M | +18% |
| Income tax | $55.7M | $43.4M | $12.3M | +28% |
| Depreciation & amortization | $26.4M | $24.7M | $1.7M | +7% |
| Share-based compensation | $5.3M | $3.6M | $1.6M | +45% |
| Working capital & other | $39.7M | $85.7M | −$46.0M | -54% |
| Operating cash flow | $216M | $237M | −$20.9M | -9% |
| Free cash flow (company-reported) | $175M | $205M | −$30.5M | -15% |
| Capital expenditures | $41.2M | $31.6M | $9.6M | +30% |
Questions
How much did Lincoln Electric Holdings's revenue grow year over year in Q3 2026?
Lincoln Electric Holdings's revenue rose $160M (+15%) from $1.1B in Q3 2025 to $1.2B in Q3 2026.
What drove Lincoln Electric Holdings's revenue change in Q3 2026?
Consumables +$92.2M (+16%); Equipment +$34.2M (+13%); Automation +$33.6M (+17%).