APG vs. LECO: APi Group vs. Lincoln Electric Stock Comparison

November 11, 2026

How do APi Group (APG) and Lincoln Electric (LECO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Lincoln Electric (LECO) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while LECO is classified in Machinery.

Lincoln Electric (LECO) has more than two decades of public-market history since April 7, 1994, whereas APi Group (APG) listed on April 29, 2020 and has a much shorter record to draw on.

Company profile comparison for APi Group (APG) and Lincoln Electric (LECO)
Profile Item	APG	LECO
Name	APi Group Corporation Common Stock	Lincoln Electric Holdings, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Machinery
GICS Sub-Industry	Construction & Engineering	Industrial Machinery & Supplies & Components
Market Capitalization	17.38 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	April 29, 2020	April 7, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APG

LECO

GSPC

APi Group (APG) vs. Lincoln Electric (LECO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Lincoln Electric (LECO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Total Return (1Y)	17.89%	27.30%
Total Return (3Y, Annualized)	33.17%	17.31%
Total Return (5Y, Annualized)	23.35%	16.33%

Risk Profile

Drawdown History

APG

LECO

GSPC

APi Group (APG) vs. Lincoln Electric (LECO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Lincoln Electric (LECO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Volatility (1Y, Annualized)	32.45%	31.13%
Beta (5Y)	1.59	1.17
Max Drawdown (5Y)	-49.62%	-34.29%
Avg. Volume (3M)	3.19M	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

APG and LECO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Sharpe Ratio (1Y)	0.42	0.74
Sortino Ratio (1Y)	0.61	1.11

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while APi Group (APG) at 10.85% is closer to the peer norm — stronger capital efficiency for LECO.

APG

Capital Goods industry group

10.85%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
APG: 10.85%
Q1: 4.08%
Min: -17.12%

LECO

Capital Goods industry group

38.75%

Max: 40.55%
LECO: 38.75%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Lincoln Electric (LECO) at 12.40% retains a top-quartile share of revenue as profit, ahead of APi Group (APG) at 4.12%, which keeps about the industry-typical share.

APG

Capital Goods industry group

4.12%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
APG: 4.12%
Q1: 1.40%
Min: -12.89%

LECO

Capital Goods industry group

12.40%

Max: 27.47%
LECO: 12.40%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both APi Group (APG) at 9.28% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

APG

Capital Goods industry group

9.28%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
APG: 9.28%
Q1: 5.14%
Min: -12.63%

LECO

Capital Goods industry group

18.29%

Max: 36.60%
Q3: 18.33%
LECO: 18.29%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
ROE (TTM)	10.85%	38.75%
ROA (TTM)	5.20%	13.32%
Net Margin (TTM)	4.12%	12.40%
Operating Margin (TTM)	9.28%	18.29%
Gross Margin (TTM)	31.11%	35.54%

Growth

Revenue Growth

Both APi Group (APG) at 12.72% and Lincoln Electric (LECO) at 5.60% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Lincoln Electric (LECO) reports EPS growth of 14.36%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Revenue Growth (YoY)	12.72%	5.60%
Revenue Growth (3Y CAGR)	6.45%	4.02%
EPS Growth (YoY)	--	14.36%
EPS Growth (3Y CAGR)	--	5.05%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while APi Group (APG) at 1.18 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for APG.

APG

Capital Goods industry group

1.18

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
APG: 1.18
Min: 0.36

LECO

Capital Goods industry group

1.91

Max: 5.22
Q3: 2.95
Median: 2.08
LECO: 1.91
Q1: 1.43
Min: 0.36

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Lincoln Electric (LECO) at 0.78 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

APG

Capital Goods industry group

1.12

Max: 2.33
Q3: 1.12
APG: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

LECO

Capital Goods industry group

0.78

Max: 2.33
Q3: 1.12
LECO: 0.78
Median: 0.60
Q1: 0.29
Min: 0.00

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Current Ratio (MRQ)	1.18	1.91
Debt / Equity (MRQ)	1.12	0.78
Net Debt / EBITDA	3.05	1.00

Dividends

Dividend Yield (TTM)

APi Group (APG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lincoln Electric (LECO) reports a yield of 1.16%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

LECO

Capital Goods industry group

1.16%

Max: 2.66%
LECO: 1.16%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

APi Group (APG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lincoln Electric (LECO) reports a payout of 30.30%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

LECO

Capital Goods industry group

30.30%

Max: 67.39%
LECO: 30.30%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
Dividend Yield (TTM)	0.00%	1.16%
Dividend Payout Ratio (TTM)	0.00%	30.30%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Lincoln Electric (LECO) trades at 26.40 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03
APG: --

LECO

Capital Goods industry group

26.40

Max: 59.38
Q3: 35.92
LECO: 26.40
Median: 25.41
Q1: 19.47
Min: 3.03

APi Group (APG) vs. Lincoln Electric (LECO): APG does not report P/E ratio, so it has no value marker; LECO is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

On P/S ratio, both APi Group (APG) at 1.95 and Lincoln Electric (LECO) at 3.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

APG

Capital Goods industry group

1.95

Max: 7.54
Q3: 3.76
Median: 2.15
APG: 1.95
Q1: 1.03
Min: 0.03

LECO

Capital Goods industry group

3.21

Max: 7.54
Q3: 3.76
LECO: 3.21
Median: 2.15
Q1: 1.03
Min: 0.03

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both APi Group (APG) at 5.01 and Lincoln Electric (LECO) at 9.59 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

APG

Capital Goods industry group

5.01

Max: 9.66
APG: 5.01
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

LECO

Capital Goods industry group

9.59

Max: 9.66
LECO: 9.59
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

APi Group (APG) vs. Lincoln Electric (LECO): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Lincoln Electric (LECO)
Metric	APG	LECO
P/E Ratio (TTM)	--	26.40
P/S Ratio (TTM)	1.95	3.21
P/B Ratio (MRQ)	5.01	9.59
Free Cash Flow Yield (TTM)	3.54%	2.68%