FER vs. LECO: Ferrovial vs. Lincoln Electric Stock Comparison

November 11, 2026

How do Ferrovial (FER) 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

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

Company profile comparison for Ferrovial (FER) and Lincoln Electric (LECO)
Profile Item	FER	LECO
Name	Ferrovial N.V.	Lincoln Electric Holdings, Inc.
Country/Region	Netherlands	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	42.19 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	August 13, 2012	April 7, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FER

LECO

GSPC

Ferrovial (FER) 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 Ferrovial (FER) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Total Return (1Y)	-1.10%	27.30%
Total Return (3Y, Annualized)	26.01%	17.31%
Total Return (5Y, Annualized)	17.20%	16.33%

Risk Profile

Drawdown History

FER

LECO

GSPC

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

Risk Metrics

Risk profile metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Volatility (1Y, Annualized)	27.38%	31.13%
Beta (5Y)	0.36	1.17
Max Drawdown (5Y)	-33.67%	-34.29%
Avg. Volume (3M)	1.95M	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

FER 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 Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Sharpe Ratio (1Y)	-0.20	0.74
Sortino Ratio (1Y)	-0.30	1.11

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while Ferrovial (FER) at 11.62% is closer to the peer norm — stronger capital efficiency for LECO.

FER

Capital Goods industry group

11.62%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FER: 11.62%
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%

Ferrovial (FER) 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 Ferrovial (FER) at 6.15%, which keeps about the industry-typical share.

FER

Capital Goods industry group

6.15%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FER: 6.15%
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%

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

Operating Margin (TTM)

Both Ferrovial (FER) at 10.45% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FER

Capital Goods industry group

10.45%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
FER: 10.45%
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%

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

Profitability Metrics

Profitability metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
ROE (TTM)	11.62%	38.75%
ROA (TTM)	2.62%	13.32%
Net Margin (TTM)	6.15%	12.40%
Operating Margin (TTM)	10.45%	18.29%
Gross Margin (TTM)	87.14%	35.54%

Growth

Revenue Growth

Both Ferrovial (FER) at 5.24% 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.

Ferrovial (FER) 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 Ferrovial (FER) at -72.26% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Revenue Growth (YoY)	5.24%	5.60%
Revenue Growth (3Y CAGR)	8.43%	4.02%
EPS Growth (YoY)	-72.26%	14.36%
EPS Growth (3Y CAGR)	70.54%	5.05%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while Ferrovial (FER) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FER.

FER

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
FER: 1.20
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

Ferrovial (FER) 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 carries an industry-typical debt-to-equity mix, while Ferrovial (FER) at 1.44 uses more debt funding than most peers.

FER

Capital Goods industry group

1.44

Max: 2.33
FER: 1.44
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

Ferrovial (FER) 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 Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Current Ratio (MRQ)	1.20	1.91
Debt / Equity (MRQ)	1.44	0.78
Net Debt / EBITDA	4.39	1.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Ferrovial (FER) at 0.94% pays a more typical yield — both are credible income propositions, LECO the richer one.

FER

Capital Goods industry group

0.94%

Max: 2.66%
Q3: 1.14%
FER: 0.94%
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%

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

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and FER more so: Lincoln Electric (LECO) at 30.30% sits above the band, while Ferrovial (FER) at 71.24% exceeds every peer in its group.

FER

Capital Goods industry group

71.24%

FER: 71.24%
Max: 67.39%
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%

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

Dividend Metrics

Dividend metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
Dividend Yield (TTM)	0.94%	1.16%
Dividend Payout Ratio (TTM)	71.24%	30.30%

Valuation

P/E Ratio (TTM)

Both Ferrovial (FER) at 32.26 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.

FER

Capital Goods industry group

32.26

Max: 59.38
Q3: 35.92
FER: 32.26
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

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

P/S Ratio (TTM)

Lincoln Electric (LECO) at 3.21 is priced about in line with its industry on P/S ratio, while Ferrovial (FER) at 4.28 sits in the pricier quartile — FER costs more per dollar of sales.

FER

Capital Goods industry group

4.28

Max: 7.54
FER: 4.28
Q3: 3.76
Median: 2.15
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

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

P/B Ratio (MRQ)

Both Ferrovial (FER) at 6.59 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.

FER

Capital Goods industry group

6.59

Max: 9.66
FER: 6.59
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

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

Valuation Metrics

Valuation metrics for Ferrovial (FER) and Lincoln Electric (LECO)
Metric	FER	LECO
P/E Ratio (TTM)	32.26	26.40
P/S Ratio (TTM)	4.28	3.21
P/B Ratio (MRQ)	6.59	9.59
Free Cash Flow Yield (TTM)	2.11%	2.68%