• Lincoln Electric Holdings average pre-tax profit margin for 2023 was 15.52%, a 15.56% decline from 2022.
• Lincoln Electric Holdings average pre-tax profit margin for 2022 was 13.43%, a 22.31% increase from 2021.
• Lincoln Electric Holdings average pre-tax profit margin for 2021 was 10.98%, a 4.97% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.