GEV vs. LECO: GE Vernova vs. Lincoln Electric Stock Comparison
How do GE Vernova (GEV) 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
GE Vernova (GEV) and Lincoln Electric (LECO) both fall under the Capital Goods industry group, but GEV is classified in Electrical Equipment while LECO is classified in Machinery.
Lincoln Electric (LECO) carries decades of public-market history since April 7, 1994, while GE Vernova (GEV) listed on March 27, 2024 — long-window comparisons have far more historical data on the LECO side.
| Profile Item | GEV | LECO |
|---|---|---|
| Name | GE Vernova Inc. | Lincoln Electric Holdings, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Electrical Equipment | Machinery |
| GICS Sub-Industry | Heavy Electrical Equipment | Industrial Machinery & Supplies & Components |
| Market Capitalization | 204.89 billion USD | 14.91 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | March 27, 2024 | April 7, 1994 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | GEV | LECO |
|---|---|---|
| Total Return (1Y) | 44.63% | 27.30% |
| Total Return (3Y, Annualized) | -- | 17.31% |
| Total Return (5Y, Annualized) | -- | 16.33% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | GEV | LECO |
|---|---|---|
| Volatility (1Y, Annualized) | 55.54% | 31.13% |
| Beta (5Y) | 1.12 | 1.17 |
| Max Drawdown (5Y) | -38.29% | -34.29% |
| Avg. Volume (3M) | 2.65M | 409.99K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | GEV | LECO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.73 | 0.74 |
| Sortino Ratio (1Y) | 1.08 | 1.11 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but GE Vernova (GEV) at 93.04% is the standout with ROE above its industry range; Lincoln Electric (LECO) at 38.75% also sits in the top quartile.
GEV
Capital Goods industry group
93.04%
- GEV
- 93.04%
- 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%
Net Margin (TTM)
For every dollar of sales, both GE Vernova (GEV) at 23.54% 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.
GEV
Capital Goods industry group
23.54%
- Max
- 27.47%
- GEV
- 23.54%
- 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%
Operating Margin (TTM)
Both GE Vernova (GEV) at 12.77% and Lincoln Electric (LECO) at 18.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
GEV
Capital Goods industry group
12.77%
- Max
- 36.60%
- Q3
- 18.33%
- GEV
- 12.77%
- 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%
Profitability Metrics
| Metric | GEV | LECO |
|---|---|---|
| ROE (TTM) | 93.04% | 38.75% |
| ROA (TTM) | 3.22% | 13.32% |
| Net Margin (TTM) | 23.54% | 12.40% |
| Operating Margin (TTM) | 12.77% | 18.29% |
| Gross Margin (TTM) | 21.79% | 35.54% |
Growth
Revenue Growth
Both GE Vernova (GEV) at 8.97% 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.
EPS Growth
GE Vernova (GEV) at 217.03% clears its industry range for EPS growth, a much stronger earnings trajectory than Lincoln Electric (LECO) at 14.36%, which is closer to a typical peer reading.
Growth Metrics
| Metric | GEV | LECO |
|---|---|---|
| Revenue Growth (YoY) | 8.97% | 5.60% |
| Revenue Growth (3Y CAGR) | 8.68% | 4.02% |
| EPS Growth (YoY) | 217.03% | 14.36% |
| EPS Growth (3Y CAGR) | -- | 5.05% |
Financial Strength
Current Ratio (MRQ)
Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while GE Vernova (GEV) at 0.83 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for GEV.
GEV
Capital Goods industry group
0.83
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- GEV
- 0.83
- 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
Debt / Equity (MRQ)
Both GE Vernova (GEV) at 0.30 and Lincoln Electric (LECO) at 0.78 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
GEV
Capital Goods industry group
0.30
- Max
- 2.33
- Q3
- 1.12
- Median
- 0.60
- GEV
- 0.30
- 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
Financial Strength Metrics
| Metric | GEV | LECO |
|---|---|---|
| Current Ratio (MRQ) | 0.83 | 1.91 |
| Debt / Equity (MRQ) | 0.30 | 0.78 |
| Net Debt / EBITDA | -2.50 | 1.00 |
Dividends
Dividend Yield (TTM)
Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while GE Vernova (GEV) at 0.26% pays a more typical yield — both are credible income propositions, LECO the richer one.
GEV
Capital Goods industry group
0.26%
- Max
- 2.66%
- Q3
- 1.14%
- GEV
- 0.26%
- 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%
Dividend Payout Ratio (TTM)
GE Vernova (GEV) at 4.59% 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.
GEV
Capital Goods industry group
4.59%
- Max
- 67.39%
- Q3
- 28.02%
- Median
- 6.86%
- GEV
- 4.59%
- 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%
Dividend Metrics
| Metric | GEV | LECO |
|---|---|---|
| Dividend Yield (TTM) | 0.26% | 1.16% |
| Dividend Payout Ratio (TTM) | 4.59% | 30.30% |
Valuation
P/E Ratio (TTM)
Both GE Vernova (GEV) at 20.32 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.
GEV
Capital Goods industry group
20.32
- Max
- 59.38
- Q3
- 35.92
- Median
- 25.41
- GEV
- 20.32
- 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
P/S Ratio (TTM)
Lincoln Electric (LECO) at 3.21 is priced about in line with its industry on P/S ratio, while GE Vernova (GEV) at 4.65 sits in the pricier quartile — GEV costs more per dollar of sales.
GEV
Capital Goods industry group
4.65
- Max
- 7.54
- GEV
- 4.65
- 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
P/B Ratio (MRQ)
Both look rich against book: Lincoln Electric (LECO) at 9.59 sits in the upper P/B ratio quartile, and GE Vernova (GEV) at 18.00 prices even higher, above its industry range.
GEV
Capital Goods industry group
18.00
- GEV
- 18.00
- 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
Valuation Metrics
| Metric | GEV | LECO |
|---|---|---|
| P/E Ratio (TTM) | 20.32 | 26.40 |
| P/S Ratio (TTM) | 4.65 | 3.21 |
| P/B Ratio (MRQ) | 18.00 | 9.59 |
| Free Cash Flow Yield (TTM) | 10.79% | 2.68% |