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CNH vs. LECO: CNH Industrial vs. Lincoln Electric Stock Comparison

How do CNH Industrial (CNH) 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

CNH Industrial (CNH) and Lincoln Electric (LECO) both belong to the Machinery industry, though CNH is classified under Agricultural & Farm Machinery while LECO falls under Industrial Machinery & Supplies & Components.

Company profile comparison for CNH Industrial (CNH) and Lincoln Electric (LECO)
Profile ItemCNHLECO
NameCNH Industrial N.V.Lincoln Electric Holdings, Inc.
Country/RegionUnited KingdomUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryMachinery
GICS Sub-IndustryAgricultural & Farm MachineryIndustrial Machinery & Supplies & Components
Market Capitalization18.59 billion USD14.91 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateSeptember 30, 2013April 7, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CNH
LECO
GSPC
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CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Total Return (1Y)38.02%27.30%
Total Return (3Y, Annualized)11.70%17.31%
Total Return (5Y, Annualized)-0.45%16.33%

Risk Profile

Drawdown History

CNH
LECO
GSPC
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CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lincoln Electric (LECO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CNH Industrial (CNH) is heavily traded at around 18.71M shares per day, whereas Lincoln Electric (LECO) sees a more moderate 409.99K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Volatility (1Y, Annualized)45.52%31.13%
Beta (5Y)1.191.17
Max Drawdown (5Y)-43.80%-34.29%
Avg. Volume (3M)18.71M409.99K

Risk-Adjusted Performance

Risk-Return Positioning

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CNH 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 CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Sharpe Ratio (1Y)0.740.74
Sortino Ratio (1Y)1.251.11

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while CNH Industrial (CNH) at 3.91% is in the bottom quartile, showing a clear gap in returns on equity.

CNH

Capital Goods industry group

3.91%

Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
CNH
3.91%
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%
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CNH Industrial (CNH) 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 CNH Industrial (CNH) at 1.71%, which keeps about the industry-typical share.

CNH

Capital Goods industry group

1.71%

Max
27.47%
Q3
12.10%
Median
6.30%
CNH
1.71%
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%
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both CNH Industrial (CNH) at 5.54% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CNH

Capital Goods industry group

5.54%

Max
36.60%
Q3
18.33%
Median
11.12%
CNH
5.54%
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%
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
ROE (TTM)3.91%38.75%
ROA (TTM)0.87%13.32%
Net Margin (TTM)1.71%12.40%
Operating Margin (TTM)5.54%18.29%
Gross Margin (TTM)17.76%35.54%

Growth

Revenue Growth

Lincoln Electric (LECO) at 5.60% is around its peer norm for revenue growth, while CNH Industrial (CNH) at -8.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Lincoln Electric (LECO) at 14.36% is around its peer norm for EPS growth, while CNH Industrial (CNH) at -58.59% drops into the bottom quartile, signaling weaker earnings momentum.

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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Revenue Growth (YoY)-8.78%5.60%
Revenue Growth (3Y CAGR)-8.41%4.02%
EPS Growth (YoY)-58.59%14.36%
EPS Growth (3Y CAGR)-34.96%5.05%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while CNH Industrial (CNH) at 4.88 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CNH

Capital Goods industry group

4.88

Max
5.22
CNH
4.88
Q3
2.95
Median
2.08
Q1
1.43
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
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Lincoln Electric (LECO) at 0.78 is near its industry mid-range for debt-to-equity ratio, while CNH Industrial (CNH) at 3.35 sits above its benchmark range, pointing to a heavier debt load relative to equity.

CNH

Capital Goods industry group

3.35

CNH
3.35
Max
2.33
Q3
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
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CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Current Ratio (MRQ)4.881.91
Debt / Equity (MRQ)3.350.78
Net Debt / EBITDA23.621.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while CNH Industrial (CNH) at 0.89% pays a more typical yield — both are credible income propositions, LECO the richer one.

CNH

Capital Goods industry group

0.89%

Max
2.66%
Q3
1.14%
CNH
0.89%
Median
0.24%
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%
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both CNH Industrial (CNH) at 40.00% and Lincoln Electric (LECO) at 30.30% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CNH

Capital Goods industry group

40.00%

Max
67.39%
CNH
40.00%
Q3
28.02%
Median
6.86%
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%
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
Dividend Yield (TTM)0.89%1.16%
Dividend Payout Ratio (TTM)40.00%30.30%

Valuation

P/E Ratio (TTM)

Lincoln Electric (LECO) at 26.40 is near its industry’s usual P/E ratio, while CNH Industrial (CNH) at 46.24 sits in the richer quartile — CNH needs stronger growth or earnings quality to justify the premium.

CNH

Capital Goods industry group

46.24

Max
59.38
CNH
46.24
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03

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
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 sits in the cheaper P/S ratio quartile while Lincoln Electric (LECO) at 3.21 prices around its industry’s middle — CNH costs less per dollar of sales, though read it alongside growth and margins.

CNH

Capital Goods industry group

1.02

Max
7.54
Q3
3.76
Median
2.15
Q1
1.03
CNH
1.02
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
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

CNH Industrial (CNH) at 1.84 is valued about in line with its industry on P/B ratio, while Lincoln Electric (LECO) at 9.59 carries an above-peer premium to book — LECO is pricier on assets.

CNH

Capital Goods industry group

1.84

Max
9.66
Q3
5.00
Median
3.12
CNH
1.84
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
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CNH Industrial (CNH) vs. Lincoln Electric (LECO): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for CNH Industrial (CNH) and Lincoln Electric (LECO)
MetricCNHLECO
P/E Ratio (TTM)46.2426.40
P/S Ratio (TTM)1.023.21
P/B Ratio (MRQ)1.849.59
Free Cash Flow Yield (TTM)3.03%2.68%