EME vs. LECO: EMCOR vs. Lincoln Electric Stock Comparison

November 11, 2026

How do EMCOR (EME) 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

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

Company profile comparison for EMCOR (EME) and Lincoln Electric (LECO)
Profile Item	EME	LECO
Name	EMCOR Group, Inc.	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	26.64 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	January 10, 1995	April 7, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

EME

LECO

GSPC

EMCOR (EME) 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

Loading price history…

Trailing total returns for EMCOR (EME) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Total Return (1Y)	0.07%	27.30%
Total Return (3Y, Annualized)	46.16%	17.31%
Total Return (5Y, Annualized)	38.01%	16.33%

Risk Profile

Drawdown History

EME

LECO

GSPC

EMCOR (EME) 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

Loading price history…

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

Risk Metrics

Risk profile metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Volatility (1Y, Annualized)	43.79%	31.13%
Beta (5Y)	1.17	1.17
Max Drawdown (5Y)	-36.85%	-34.29%
Avg. Volume (3M)	402.73K	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

EME 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 EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Sharpe Ratio (1Y)	-0.10	0.74
Sortino Ratio (1Y)	-0.14	1.11

Profitability

ROE (TTM)

Both EMCOR (EME) at 40.55% and Lincoln Electric (LECO) at 38.75% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

EME

Capital Goods industry group

40.55%

EME: 40.55%
Max: 40.55%
Q3: 19.29%
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%

EMCOR (EME) 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 EMCOR (EME) at 7.78%, which keeps about the industry-typical share.

EME

Capital Goods industry group

7.78%

Max: 27.47%
Q3: 12.10%
EME: 7.78%
Median: 6.30%
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%

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

Operating Margin (TTM)

Both EMCOR (EME) at 10.46% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EME

Capital Goods industry group

10.46%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
EME: 10.46%
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%

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

Profitability Metrics

Profitability metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
ROE (TTM)	40.55%	38.75%
ROA (TTM)	12.33%	13.32%
Net Margin (TTM)	7.78%	12.40%
Operating Margin (TTM)	10.46%	18.29%
Gross Margin (TTM)	19.59%	35.54%

Growth

Revenue Growth

Both EMCOR (EME) at 16.62% 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.

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

EPS Growth

EMCOR (EME) at 30.99% sits in the top EPS growth quartile, while Lincoln Electric (LECO) at 14.36% is closer to the peer norm — faster per-share earnings growth for EME.

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

Growth Metrics

Growth metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Revenue Growth (YoY)	16.62%	5.60%
Revenue Growth (3Y CAGR)	15.32%	4.02%
EPS Growth (YoY)	30.99%	14.36%
EPS Growth (3Y CAGR)	51.54%	5.05%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while EMCOR (EME) at 1.17 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EME.

EME

Capital Goods industry group

1.17

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
EME: 1.17
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

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

Debt / Equity (MRQ)

EMCOR (EME) at 0.13 keeps leverage in the lower industry quartile, while Lincoln Electric (LECO) at 0.78 runs a more typical debt-to-equity mix.

EME

Capital Goods industry group

0.13

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
EME: 0.13
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

EMCOR (EME) 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 EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Current Ratio (MRQ)	1.17	1.91
Debt / Equity (MRQ)	0.13	0.78
Net Debt / EBITDA	-0.10	1.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while EMCOR (EME) at 0.07% pays a more typical yield — both are credible income propositions, LECO the richer one.

EME

Capital Goods industry group

0.07%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
EME: 0.07%
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%

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

Dividend Payout Ratio (TTM)

EMCOR (EME) at 4.19% pays out a band-typical share of earnings, while Lincoln Electric (LECO) at 30.30% distributes more than its industry norm — less retained, thinner cover.

EME

Capital Goods industry group

4.19%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
EME: 4.19%
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%

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

Dividend Metrics

Dividend metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
Dividend Yield (TTM)	0.07%	1.16%
Dividend Payout Ratio (TTM)	4.19%	30.30%

Valuation

P/E Ratio (TTM)

EMCOR (EME) at 17.59 sits in the cheaper P/E ratio quartile, while Lincoln Electric (LECO) at 26.40 is closer to its industry’s usual earnings multiple — a discount for EME, though growth and earnings durability still matter.

EME

Capital Goods industry group

17.59

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
EME: 17.59
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

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

P/S Ratio (TTM)

On P/S ratio, both EMCOR (EME) at 1.34 and Lincoln Electric (LECO) at 3.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

EME

Capital Goods industry group

1.34

Max: 7.54
Q3: 3.76
Median: 2.15
EME: 1.34
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

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

P/B Ratio (MRQ)

Both EMCOR (EME) at 6.26 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.

EME

Capital Goods industry group

6.26

Max: 9.66
EME: 6.26
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

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

Valuation Metrics

Valuation metrics for EMCOR (EME) and Lincoln Electric (LECO)
Metric	EME	LECO
P/E Ratio (TTM)	17.59	26.40
P/S Ratio (TTM)	1.34	3.21
P/B Ratio (MRQ)	6.26	9.59
Free Cash Flow Yield (TTM)	4.82%	2.68%