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Lincoln Electric vs NN: revenue, profit, margins and growth compared

Lincoln Electric brought in $4.2B of revenue in fiscal 2025, NN $422.2M in fiscal 2025. Revenue changed by +5.6% at Lincoln Electric and -9.1% at NN on the year before, so Lincoln Electric grew faster. Lincoln Electric kept 12.3% of its revenue as net profit, NN -8.1%. Free cash flow was $534.2M at Lincoln Electric and -$7.2M at NN.

Side by side, latest fiscal year

LECONNBR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.2B$422.2M
Revenue growth+5.6%-9.1%
Net income$520.5M-$34M
Net margin12.3%-8.1%
Free cash flow$534.2M-$7.2M
Free cash flow margin12.6%-1.7%
Earnings per share (diluted)$9.32-$1.07
Cash$308.8M$11.4M
Debt$1.2B$159.5M
Price to earnings29.1n/a
Market value$14.8B$303.1M
Dividend yield1.12%n/a
Rank by revenue in sector#135 of 451 · Industrials#336 of 451 · Industrials

Over the years

Revenue
LECO FY2018: $3BLECO FY2019: $3BLECO FY2020: $2.7BLECO FY2021: $3.2BLECO FY2022: $3.8BLECO FY2023: $4.2BLECO FY2024: $4BLECO FY2025: $4.2BNNBR FY2018: $770.7MNNBR FY2019: $489.5MNNBR FY2020: $427.5MNNBR FY2021: $477.6MNNBR FY2022: $498.7MNNBR FY2023: $489.3MNNBR FY2024: $464.3MNNBR FY2025: $422.2MFY18FY19FY20FY21FY22FY23FY24FY25
LECO $4.2BNNBR $422.2M
Net income
LECO FY2018: $287.1MLECO FY2019: $293.1MLECO FY2020: $206.1MLECO FY2021: $276.6MLECO FY2022: $472.2MLECO FY2023: $545.2MLECO FY2024: $466.1MLECO FY2025: $520.5MNNBR FY2018: -$221.2MNNBR FY2019: -$31.4MNNBR FY2020: -$113MNNBR FY2021: -$13.2MNNBR FY2022: -$26.1MNNBR FY2023: -$50.2MNNBR FY2024: -$38.3MNNBR FY2025: -$34MFY18FY19FY20FY21FY22FY23FY24FY25
LECO $520.5MNNBR -$34M
Net margin
LECO FY2018: 9.5%LECO FY2019: 9.8%LECO FY2020: 7.8%LECO FY2021: 8.6%LECO FY2022: 12.6%LECO FY2023: 13.0%LECO FY2024: 11.6%LECO FY2025: 12.3%NNBR FY2018: -28.7%NNBR FY2019: -6.4%NNBR FY2020: -26.4%NNBR FY2021: -2.8%NNBR FY2022: -5.2%NNBR FY2023: -10.2%NNBR FY2024: -8.2%NNBR FY2025: -8.1%FY18FY19FY20FY21FY22FY23FY24FY25
LECO 12.3%NNBR -8.1%
Revenue growth
LECO FY2019: -0.8%LECO FY2020: -11.6%LECO FY2021: +21.8%LECO FY2022: +16.3%LECO FY2023: +11.4%LECO FY2024: -4.4%LECO FY2025: +5.6%NNBR FY2019: -36.5%NNBR FY2020: -12.7%NNBR FY2021: +11.7%NNBR FY2022: +4.4%NNBR FY2023: -1.9%NNBR FY2024: -5.1%NNBR FY2025: -9.1%FY19FY20FY21FY22FY23FY24FY25
LECO +5.6%NNBR -9.1%
Free cash flow
LECO FY2018: $257.9MLECO FY2019: $333.6MLECO FY2020: $292.2MLECO FY2021: $302.5MLECO FY2022: $311.5MLECO FY2023: $576.6MLECO FY2024: $482.4MLECO FY2025: $534.2MNNBR FY2018: -$23.1MNNBR FY2019: -$4.8MNNBR FY2020: -$8.2MNNBR FY2021: -$2.6MNNBR FY2022: -$10.2MNNBR FY2023: $8.8MNNBR FY2024: -$7.2MNNBR FY2025: -$7.2MFY18FY19FY20FY21FY22FY23FY24FY25
LECO $534.2MNNBR -$7.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lincoln Electric and NN

Which is bigger by revenue, Lincoln Electric or NN?

Lincoln Electric is bigger by revenue: $4.2B in fiscal 2025, against $422.2M for NN in fiscal 2025.

Which keeps more of its revenue as profit, Lincoln Electric or NN?

Lincoln Electric had a net margin of 12.3% in fiscal 2025; NN had -8.1% in fiscal 2025.

Which grew revenue faster, Lincoln Electric or NN?

In their latest fiscal years revenue changed by +5.6% at Lincoln Electric and -9.1% at NN.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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