Lincoln Electric Holdings Inc (LECO) - Net Assets
Based on the latest financial reports, Lincoln Electric Holdings Inc (LECO) has net assets worth $1.47 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.78 Billion) and total liabilities ($2.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Lincoln Electric Holdings Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.47 Billion |
| % of Total Assets | 38.91% |
| Annual Growth Rate | 6.63% |
| 5-Year Change | 70.13% |
| 10-Year Change | 106.37% |
| Growth Volatility | 18.22 |
Lincoln Electric Holdings Inc - Net Assets Trend (1994–2025)
This chart illustrates how Lincoln Electric Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore LECO total asset value for the complete picture of this company's asset base.
Annual Net Assets for Lincoln Electric Holdings Inc (1994–2025)
The table below shows the annual net assets of Lincoln Electric Holdings Inc from 1994 to 2025. For live valuation and market cap data, see market value of Lincoln Electric Holdings Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.47 Billion | +10.72% |
| 2024-12-31 | $1.33 Billion | +1.42% |
| 2023-12-31 | $1.31 Billion | +26.58% |
| 2022-12-31 | $1.03 Billion | +19.69% |
| 2021-12-31 | $863.91 Million | +9.32% |
| 2020-12-31 | $790.25 Million | -3.52% |
| 2019-12-31 | $819.08 Million | -7.72% |
| 2018-12-31 | $887.59 Million | -4.81% |
| 2017-12-31 | $932.45 Million | +30.92% |
| 2016-12-31 | $712.21 Million | -23.62% |
| 2015-12-31 | $932.45 Million | -27.48% |
| 2014-12-31 | $1.29 Billion | -16.00% |
| 2013-12-31 | $1.53 Billion | +12.69% |
| 2012-12-31 | $1.36 Billion | +13.83% |
| 2011-12-31 | $1.19 Billion | +3.81% |
| 2010-12-31 | $1.15 Billion | +5.88% |
| 2009-12-31 | $1.09 Billion | +9.08% |
| 2008-12-31 | $995.31 Million | -8.45% |
| 2007-12-31 | $1.09 Billion | +27.46% |
| 2006-12-31 | $852.98 Million | +30.77% |
| 2005-12-31 | $652.29 Million | +12.99% |
| 2004-12-31 | $577.28 Million | +20.64% |
| 2003-12-31 | $478.51 Million | +11.50% |
| 2002-12-31 | $429.15 Million | -13.95% |
| 2001-12-31 | $498.70 Million | +11.49% |
| 2000-12-31 | $447.30 Million | -0.93% |
| 1999-12-31 | $451.50 Million | -8.03% |
| 1998-12-31 | $490.90 Million | +12.28% |
| 1997-12-31 | $437.20 Million | +11.59% |
| 1996-12-31 | $391.80 Million | +16.82% |
| 1995-12-31 | $335.40 Million | +66.95% |
| 1994-12-31 | $200.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lincoln Electric Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2353.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.34 Billion | 295.42% |
| Common Stock | $1.47 Billion | 100.00% |
| Total Equity | $1.47 Billion | 100.00% |
Lincoln Electric Holdings Inc Competitors by Market Cap
The table below lists competitors of Lincoln Electric Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nidec Corporation
F:NIB1
|
$14.62 Billion |
|
WESCO International Inc
NYSE:WCC
|
$14.64 Billion |
|
Continental Aktiengesellschaft
F:CON
|
$14.66 Billion |
|
China International Capital Corp Ltd
SHG:601995
|
$14.68 Billion |
|
Shenzhen Envicool Technology Co Ltd
SHE:002837
|
$14.62 Billion |
|
ENKA Insaat ve Sanayi AS
IS:ENKAI
|
$14.61 Billion |
|
CONTINENTAL AG ADR 1/10
F:CONA
|
$14.61 Billion |
|
WUXI BIOLOGICS-00000083
F:1FW2
|
$14.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lincoln Electric Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,327,433,000 to 1,469,794,000, a change of 142,361,000 (10.7%).
- Net income of 520,533,000 contributed positively to equity growth.
- Dividend payments of 168,240,000 reduced retained earnings.
- Share repurchases of 338,308,000 reduced equity.
- Other comprehensive income increased equity by 300,135,000.
- Other factors decreased equity by 171,759,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $520.53 Million | +35.42% |
| Dividends Paid | $168.24 Million | -11.45% |
| Share Repurchases | $338.31 Million | -23.02% |
| Other Comprehensive Income | $300.13 Million | +20.42% |
| Other Changes | $-171.76 Million | -11.69% |
| Total Change | $- | 10.72% |
Book Value vs Market Value Analysis
This analysis compares Lincoln Electric Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 61.23x to 10.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $4.43 | $271.11 | x |
| 1995-12-31 | $3.53 | $271.11 | x |
| 1996-12-31 | $3.93 | $271.11 | x |
| 1997-12-31 | $4.43 | $271.11 | x |
| 1998-12-31 | $5.00 | $271.11 | x |
| 1999-12-31 | $4.95 | $271.11 | x |
| 2000-12-31 | $5.24 | $271.11 | x |
| 2001-12-31 | $5.85 | $271.11 | x |
| 2002-12-31 | $4.98 | $271.11 | x |
| 2003-12-31 | $5.75 | $271.11 | x |
| 2004-12-31 | $6.93 | $271.11 | x |
| 2005-12-31 | $7.73 | $271.11 | x |
| 2006-12-31 | $9.92 | $271.11 | x |
| 2007-12-31 | $12.53 | $271.11 | x |
| 2008-12-31 | $11.56 | $271.11 | x |
| 2009-12-31 | $12.58 | $271.11 | x |
| 2010-12-31 | $13.49 | $271.11 | x |
| 2011-12-31 | $14.09 | $271.11 | x |
| 2012-12-31 | $16.14 | $271.11 | x |
| 2013-12-31 | $18.43 | $271.11 | x |
| 2014-12-31 | $16.05 | $271.11 | x |
| 2015-12-31 | $12.46 | $271.11 | x |
| 2016-12-31 | $10.45 | $271.11 | x |
| 2017-12-31 | $13.99 | $271.11 | x |
| 2018-12-31 | $13.51 | $271.11 | x |
| 2019-12-31 | $13.07 | $271.11 | x |
| 2020-12-31 | $13.10 | $271.11 | x |
| 2021-12-31 | $14.39 | $271.11 | x |
| 2022-12-31 | $17.60 | $271.11 | x |
| 2023-12-31 | $22.48 | $271.11 | x |
| 2024-12-31 | $23.21 | $271.11 | x |
| 2025-12-31 | $26.31 | $271.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lincoln Electric Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.30%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 2.57x
- Recent ROE (35.42%) is above the historical average (22.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 24.73% | 5.29% | 1.63x | 2.87x | $28.59 Million |
| 1995 | 18.64% | 5.96% | 1.67x | 1.87x | $28.51 Million |
| 1996 | 18.96% | 6.70% | 1.71x | 1.65x | $35.12 Million |
| 1997 | 19.53% | 7.37% | 1.63x | 1.63x | $41.68 Million |
| 1998 | 19.09% | 7.90% | 1.52x | 1.59x | $44.61 Million |
| 1999 | 16.37% | 6.80% | 1.40x | 1.72x | $28.75 Million |
| 2000 | 17.46% | 7.38% | 1.34x | 1.77x | $33.36 Million |
| 2001 | 16.76% | 8.54% | 1.25x | 1.57x | $33.72 Million |
| 2002 | 6.82% | 2.94% | 1.10x | 2.10x | $-13.64 Million |
| 2003 | 11.40% | 5.24% | 1.12x | 1.94x | $6.69 Million |
| 2004 | 13.96% | 6.04% | 1.26x | 1.83x | $22.87 Million |
| 2005 | 18.75% | 7.64% | 1.38x | 1.78x | $57.08 Million |
| 2006 | 20.52% | 8.88% | 1.41x | 1.63x | $89.71 Million |
| 2007 | 18.65% | 8.89% | 1.39x | 1.51x | $94.01 Million |
| 2008 | 21.33% | 8.56% | 1.44x | 1.73x | $112.75 Million |
| 2009 | 4.53% | 2.81% | 1.01x | 1.59x | $-58.66 Million |
| 2010 | 11.33% | 6.29% | 1.16x | 1.55x | $15.30 Million |
| 2011 | 18.20% | 8.06% | 1.36x | 1.66x | $97.86 Million |
| 2012 | 18.95% | 9.02% | 1.37x | 1.54x | $121.58 Million |
| 2013 | 19.19% | 10.30% | 1.33x | 1.41x | $140.71 Million |
| 2014 | 19.81% | 9.05% | 1.45x | 1.51x | $126.11 Million |
| 2015 | 13.67% | 5.03% | 1.42x | 1.91x | $34.23 Million |
| 2016 | 27.86% | 8.72% | 1.17x | 2.73x | $127.18 Million |
| 2017 | 26.54% | 9.43% | 1.09x | 2.58x | $154.26 Million |
| 2018 | 32.34% | 9.48% | 1.29x | 2.65x | $198.31 Million |
| 2019 | 35.79% | 9.76% | 1.27x | 2.89x | $211.20 Million |
| 2020 | 26.11% | 7.76% | 1.15x | 2.93x | $127.19 Million |
| 2021 | 32.01% | 8.55% | 1.25x | 3.00x | $190.17 Million |
| 2022 | 45.66% | 12.56% | 1.18x | 3.08x | $368.81 Million |
| 2023 | 41.66% | 13.01% | 1.24x | 2.58x | $414.36 Million |
| 2024 | 35.11% | 11.63% | 1.14x | 2.65x | $333.36 Million |
| 2025 | 35.42% | 12.30% | 1.12x | 2.57x | $373.55 Million |
Industry Comparison
This section compares Lincoln Electric Holdings Inc's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $829,734,004
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lincoln Electric Holdings Inc (LECO) | $1.47 Billion | 24.73% | 1.57x | $14.62 Billion |
| Chicago Rivet & Machine Co (CVR) | $14.10 Million | 7.09% | 0.19x | $8.74 Million |
| Eastern Co (EML) | $29.20 Million | 12.67% | 0.57x | $115.70 Million |
| Hillman Solutions Corp (HLMN) | $364.59 Million | -6.72% | 5.77x | $1.55 Billion |
| Kennametal Inc (KMT) | $251.50 Million | 5.13% | 0.88x | $2.75 Billion |
| RBC Bearings Incorporated (RBC) | $834.55 Million | 10.44% | 0.37x | $17.69 Billion |
| Snap-On Inc (SNA) | $4.20 Billion | 19.52% | 0.61x | $19.42 Billion |
| Stanley Black & Decker Inc (SWK) | $705.50 Million | 13.48% | 1.19x | $11.40 Billion |
| Toughbuilt Industries Inc (TBLT) | $-432.97K | 0.00% | 0.00x | $433.63 |
| Timken Company (TKR) | $1.06 Billion | 5.19% | 0.47x | $7.35 Billion |
About Lincoln Electric Holdings Inc
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems… Read more