FIX vs. LECO: Comfort Systems USA vs. Lincoln Electric Stock Comparison

November 11, 2026

How do Comfort Systems USA (FIX) 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

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

Company profile comparison for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Profile Item	FIX	LECO
Name	Comfort Systems USA 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	35.81 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 27, 1997	April 7, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FIX

LECO

GSPC

Comfort Systems USA (FIX) 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 Comfort Systems USA (FIX) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Total Return (1Y)	15.31%	27.30%
Total Return (3Y, Annualized)	81.62%	17.31%
Total Return (5Y, Annualized)	62.48%	16.33%

Risk Profile

Drawdown History

FIX

LECO

GSPC

Comfort Systems USA (FIX) 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 Comfort Systems USA (FIX) and Lincoln Electric (LECO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Volatility (1Y, Annualized)	60.97%	31.13%
Beta (5Y)	1.68	1.17
Max Drawdown (5Y)	-53.28%	-34.29%
Avg. Volume (3M)	471.64K	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

FIX 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 Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Sharpe Ratio (1Y)	0.18	0.74
Sortino Ratio (1Y)	0.25	1.11

Profitability

ROE (TTM)

Both companies show strong equity returns, but Comfort Systems USA (FIX) at 58.61% is the standout with ROE above its industry range; Lincoln Electric (LECO) at 38.75% also sits in the top quartile.

FIX

Capital Goods industry group

58.61%

FIX: 58.61%
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%

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Comfort Systems USA (FIX) at 13.01% and Lincoln Electric (LECO) at 12.40% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

FIX

Capital Goods industry group

13.01%

Max: 27.47%
FIX: 13.01%
Q3: 12.10%
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%

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Comfort Systems USA (FIX) at 16.47% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FIX

Capital Goods industry group

16.47%

Max: 36.60%
Q3: 18.33%
FIX: 16.47%
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%

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
ROE (TTM)	58.61%	38.75%
ROA (TTM)	16.88%	13.32%
Net Margin (TTM)	13.01%	12.40%
Operating Margin (TTM)	16.47%	18.29%
Gross Margin (TTM)	25.70%	35.54%

Growth

Revenue Growth

Comfort Systems USA (FIX) at 29.52% sits in the top revenue growth quartile, while Lincoln Electric (LECO) at 5.60% is closer to the peer norm — faster top-line expansion for FIX.

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Comfort Systems USA (FIX) at 97.81% 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 FIX.

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Revenue Growth (YoY)	29.52%	5.60%
Revenue Growth (3Y CAGR)	30.03%	4.02%
EPS Growth (YoY)	97.81%	14.36%
EPS Growth (3Y CAGR)	61.78%	5.05%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while Comfort Systems USA (FIX) at 1.15 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FIX.

FIX

Capital Goods industry group

1.15

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
FIX: 1.15
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

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Comfort Systems USA (FIX) at 0.11 keeps leverage in the lower industry quartile, while Lincoln Electric (LECO) at 0.78 runs a more typical debt-to-equity mix.

FIX

Capital Goods industry group

0.11

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
FIX: 0.11
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

Comfort Systems USA (FIX) 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 Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Current Ratio (MRQ)	1.15	1.91
Debt / Equity (MRQ)	0.11	0.78
Net Debt / EBITDA	-0.81	1.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Comfort Systems USA (FIX) at 0.31% pays a more typical yield — both are credible income propositions, LECO the richer one.

FIX

Capital Goods industry group

0.31%

Max: 2.66%
Q3: 1.14%
FIX: 0.31%
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%

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Comfort Systems USA (FIX) at 6.48% 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.

FIX

Capital Goods industry group

6.48%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
FIX: 6.48%
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%

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
Dividend Yield (TTM)	0.31%	1.16%
Dividend Payout Ratio (TTM)	6.48%	30.30%

Valuation

P/E Ratio (TTM)

Both Comfort Systems USA (FIX) at 21.98 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.

FIX

Capital Goods industry group

21.98

Max: 59.38
Q3: 35.92
Median: 25.41
FIX: 21.98
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

Comfort Systems USA (FIX) 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 Comfort Systems USA (FIX) at 2.85 and Lincoln Electric (LECO) at 3.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FIX

Capital Goods industry group

2.85

Max: 7.54
Q3: 3.76
FIX: 2.85
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

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Lincoln Electric (LECO) at 9.59 sits in the upper P/B ratio quartile, and Comfort Systems USA (FIX) at 10.66 prices even higher, above its industry range.

FIX

Capital Goods industry group

10.66

FIX: 10.66
Max: 9.66
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

Comfort Systems USA (FIX) vs. Lincoln Electric (LECO): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Comfort Systems USA (FIX) and Lincoln Electric (LECO)
Metric	FIX	LECO
P/E Ratio (TTM)	21.98	26.40
P/S Ratio (TTM)	2.85	3.21
P/B Ratio (MRQ)	10.66	9.59
Free Cash Flow Yield (TTM)	5.94%	2.68%