Lincoln Electric Holdings Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Lincoln Electric Holdings Inc (LECO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 |
|---|---|---|---|
| Americas Welding | RFQ1.51B 56.9% | RFQ1.82B 55.8% · +20.8% | RFQ2.29B 60.9% · +25.5% |
| International Welding | RFQ786.8M 29.6% | RFQ974.5M 29.8% · +23.8% | RFQ954.3M 25.4% · -2.1% |
| The Harris Products Group | RFQ358.7M 13.5% | RFQ469.7M 14.4% · +30.9% | RFQ518.0M 13.8% · +10.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | RFQ1.43B 53.9% | RFQ1.73B 53.4% · +20.6% | RFQ2.13B 56.6% · +23.3% | RFQ2.40B 57.2% · +12.7% | RFQ2.36B 58.8% · -1.8% | RFQ2.63B 62.2% · +11.8% |
| Foreign countries | – | – | – | RFQ1.79B 42.8% | RFQ1.65B 41.2% · -7.8% | RFQ1.60B 37.8% · -3.2% |
| Foreign countries | RFQ1.22B 46.1% | RFQ1.51B 46.6% · +23.2% | RFQ1.63B 43.4% · +8.3% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Consumables | RFQ1.51B 56.8% | RFQ1.86B 57.4% · +23.0% | RFQ2.18B 58.0% · +17.6% | RFQ2.21B 52.8% · +1.3% | RFQ2.09B 52.1% · -5.6% | RFQ2.28B 53.9% · +9.3% |
| Equipment | RFQ1.15B 43.2% | RFQ1.38B 42.6% · +20.2% | RFQ1.58B 42.0% · +14.6% | RFQ1.04B 24.8% · -34.2% | RFQ1.01B 25.2% · -2.9% | RFQ1.08B 25.5% · +7.0% |
| Automation | – | – | – | RFQ941.0M 22.5% | RFQ911.4M 22.7% · -3.1% | RFQ870.3M 20.6% · -4.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.