ESAB vs Lincoln Electric
ESAB and LECO side by side. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How ESAB and LECO compare
Lincoln Electric is the larger company, worth 3.5 times as much as ESAB ($15.1B against $4.3B).
On earnings, ESAB is cheaper: it trades at 23.3× trailing earnings, against 27.7× for Lincoln Electric.
ESAB grew revenue faster over the last twelve months (9.7% versus 9.3% for Lincoln Electric).
Lincoln Electric keeps more of each dollar of sales as profit, with a net margin of 12.4% compared with 5.7% at ESAB.
Both pay dividends: ESAB yields 0.63% and Lincoln Electric 1.1%.
Lincoln Electric scores higher on the StockData Score (16 against 10 for ESAB), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | ESAB | LECO |
|---|---|---|
| Size and price | ||
| Market cap | $4.3B | $15.1B |
| Share price | $69.76 | $276.92 |
| Change, 1 year | −39.0% | 18.1% |
| Change, 5 years | – | 93.2% |
| Beta (5Y) | 1.20 | 0.98 |
| Employees | 10K | 66 |
| StockData Score | ||
| Total score | 10 | 16 (better) |
| Valuation score | 4 (better) | 1 |
| Growth score | 1 (better) | 0 |
| Performance score | 1 | 6 (better) |
| Health score | 1 | 5 (better) |
| Dividend score | 3 | 4 (better) |
| Valuation | ||
| P/E | 23.3× (better) | 27.7× |
| P/S | 1.4× (better) | 3.4× |
| P/B | 1.7× (better) | 9.7× |
| EV/EBITDA | 14.2× (better) | 18.4× |
| P/FCF | 22.1× (better) | 27.8× |
| PEG | – | 5.48 |
| FCF yield | 4.5% (better) | 3.6% |
| Fair value | $81.10 | $230.49 |
| Margin of safety | 14.0% (better) | −20.1% |
| Growth | ||
| Revenue growth (TTM) | 9.7% (better) | 9.3% |
| Revenue growth, 5Y average | 7.8% | 9.8% (better) |
| Net income growth (TTM) | −32.7% | 10.1% (better) |
| EPS growth (TTM) | −33.3% | 12.5% (better) |
| EPS growth, 5Y average | 7.0% | 22.2% (better) |
| Profitability | ||
| Gross margin | 37.0% (better) | 36.0% |
| Operating margin | 12.1% | 17.1% (better) |
| Net margin | 5.7% | 12.4% (better) |
| FCF margin | 6.5% | 12.1% (better) |
| Return on equity | 7.5% | 37.7% (better) |
| Return on invested capital | 7.5% | 24.6% (better) |
| Financial health | ||
| Debt / equity | 0.94 | 0.74 (better) |
| Net debt / EBITDA | 4.72 | 1.04 (better) |
| Interest coverage | – | 13.1× |
| Current ratio | 1.96 | 1.98 (better) |
| Altman Z-score | 1.62 | 7.79 (better) |
| Piotroski F-score | 5 | 7 (better) |
| Dividends and buybacks | ||
| Dividend yield | 0.63% | 1.1% (better) |
| Payout ratio | 14.1% | 30.9% |
| Years of dividend growth | 3 | 16 (better) |
| Dividend growth, 5Y average | – | 9.0% |
| Buyback yield | – | 1.6% |
| Shareholder yield | 0.63% | 2.7% (better) |
| Ownership | ||
| Held by institutions | 105% | 81.7% |
| Held by insiders | 7.7% | 0.53% |
| Insider net buying, 12 months | −$8.9M | −$8.3M (better) |
| Short interest, % of float | 9.0% | 2.2% |
Go deeper
- ESAB stock overview
- ESAB income statement
- ESAB valuation and score
- LECO stock overview
- LECO income statement
- LECO valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.