• Lincoln Electric Holdings average return on tangible equity for 2023 was 117.1, a 18.13% decline from 2022.
• Lincoln Electric Holdings average return on tangible equity for 2022 was 99.13, a 49.59% increase from 2021.
• Lincoln Electric Holdings average return on tangible equity for 2021 was 66.27, a 6.96% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.