EMBJ vs. LECO: Embraer vs. Lincoln Electric Stock Comparison

November 11, 2026

How do Embraer (EMBJ) 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

Embraer (EMBJ) and Lincoln Electric (LECO) both fall under the Capital Goods industry group, but EMBJ is classified in Aerospace & Defense while LECO is classified in Machinery.

Lincoln Electric (LECO) trades as ordinary local shares, while Embraer (EMBJ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Embraer (EMBJ) and Lincoln Electric (LECO)
Profile Item	EMBJ	LECO
Name	Embraer S.A. Sponsored American Depositary Receipt	Lincoln Electric Holdings, Inc.
Country/Region	Brazil	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Industrial Machinery & Supplies & Components
Market Capitalization	13.18 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	July 21, 2000	April 7, 1994
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

EMBJ

LECO

GSPC

Embraer (EMBJ) 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 Embraer (EMBJ) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Total Return (1Y)	20.08%	27.30%
Total Return (3Y, Annualized)	72.16%	17.31%
Total Return (5Y, Annualized)	35.19%	16.33%

Risk Profile

Drawdown History

EMBJ

LECO

GSPC

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

Risk Metrics

Risk profile metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Volatility (1Y, Annualized)	41.67%	31.13%
Beta (5Y)	1.47	1.17
Max Drawdown (5Y)	-54.48%	-34.29%
Avg. Volume (3M)	1.43M	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

EMBJ 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 Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Sharpe Ratio (1Y)	0.38	0.74
Sortino Ratio (1Y)	0.52	1.11

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while Embraer (EMBJ) at 12.19% is closer to the peer norm — stronger capital efficiency for LECO.

EMBJ

Capital Goods industry group

12.19%

Max: 40.55%
Q3: 19.29%
EMBJ: 12.19%
Median: 12.12%
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%

Embraer (EMBJ) 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 Embraer (EMBJ) at 5.28%, which keeps about the industry-typical share.

EMBJ

Capital Goods industry group

5.28%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
EMBJ: 5.28%
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%

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

Operating Margin (TTM)

Both Embraer (EMBJ) at 12.98% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EMBJ

Capital Goods industry group

12.98%

Max: 36.60%
Q3: 18.33%
EMBJ: 12.98%
Median: 11.12%
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%

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

Profitability Metrics

Profitability metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
ROE (TTM)	12.19%	38.75%
ROA (TTM)	3.70%	13.32%
Net Margin (TTM)	5.28%	12.40%
Operating Margin (TTM)	12.98%	18.29%
Gross Margin (TTM)	17.85%	35.54%

Growth

Revenue Growth

Both Embraer (EMBJ) at 18.50% 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.

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

EPS Growth

Both Embraer (EMBJ) at 0.10% and Lincoln Electric (LECO) at 14.36% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Revenue Growth (YoY)	18.50%	5.60%
Revenue Growth (3Y CAGR)	18.62%	4.02%
EPS Growth (YoY)	0.10%	14.36%
EPS Growth (3Y CAGR)	--	5.05%

Financial Strength

Current Ratio (MRQ)

Both Embraer (EMBJ) at 1.44 and Lincoln Electric (LECO) at 1.91 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EMBJ

Capital Goods industry group

1.44

Max: 5.22
Q3: 2.95
Median: 2.08
EMBJ: 1.44
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

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

Debt / Equity (MRQ)

Both Embraer (EMBJ) at 0.69 and Lincoln Electric (LECO) at 0.78 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EMBJ

Capital Goods industry group

0.69

Max: 2.33
Q3: 1.12
EMBJ: 0.69
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

Embraer (EMBJ) 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 Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Current Ratio (MRQ)	1.44	1.91
Debt / Equity (MRQ)	0.69	0.78
Net Debt / EBITDA	0.52	1.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Embraer (EMBJ) at 0.97% pays a more typical yield — both are credible income propositions, LECO the richer one.

EMBJ

Capital Goods industry group

0.97%

Max: 2.66%
Q3: 1.14%
EMBJ: 0.97%
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%

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

Dividend Payout Ratio (TTM)

Both Embraer (EMBJ) at 31.67% and Lincoln Electric (LECO) at 30.30% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

EMBJ

Capital Goods industry group

31.67%

Max: 67.39%
EMBJ: 31.67%
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%

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

Dividend Metrics

Dividend metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
Dividend Yield (TTM)	0.97%	1.16%
Dividend Payout Ratio (TTM)	31.67%	30.30%

Valuation

P/E Ratio (TTM)

Both Embraer (EMBJ) at 29.99 and Lincoln Electric (LECO) at 26.40 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EMBJ

Capital Goods industry group

29.99

Max: 59.38
Q3: 35.92
EMBJ: 29.99
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

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

P/S Ratio (TTM)

Embraer (EMBJ) at 0.30 sits in the cheaper P/S ratio quartile while Lincoln Electric (LECO) at 3.21 prices around its industry’s middle — EMBJ costs less per dollar of sales, though read it alongside growth and margins.

EMBJ

Capital Goods industry group

0.30

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
EMBJ: 0.30
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

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

P/B Ratio (MRQ)

Embraer (EMBJ) at 3.70 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.

EMBJ

Capital Goods industry group

3.70

Max: 9.66
Q3: 5.00
EMBJ: 3.70
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

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

Valuation Metrics

Valuation metrics for Embraer (EMBJ) and Lincoln Electric (LECO)
Metric	EMBJ	LECO
P/E Ratio (TTM)	29.99	26.40
P/S Ratio (TTM)	0.30	3.21
P/B Ratio (MRQ)	3.70	9.59
Free Cash Flow Yield (TTM)	12.70%	2.68%