IR vs. LECO: Ingersoll Rand vs. Lincoln Electric Stock Comparison

November 11, 2026

How do Ingersoll Rand (IR) 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

Ingersoll Rand (IR) and Lincoln Electric (LECO) are both classified in the Industrial Machinery & Supplies & Components sub-industry within the broader Machinery industry, placing them in the closest GICS peer bucket.

Company profile comparison for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Profile Item	IR	LECO
Name	Ingersoll Rand Inc.	Lincoln Electric Holdings, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Machinery
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Industrial Machinery & Supplies & Components
Market Capitalization	31.87 billion USD	14.91 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	May 12, 2017	April 7, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LECO

GSPC

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Total Return (1Y)	12.39%	27.30%
Total Return (3Y, Annualized)	9.19%	17.31%
Total Return (5Y, Annualized)	8.02%	16.33%

Risk Profile

Drawdown History

LECO

GSPC

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

Risk Metrics

Risk profile metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Volatility (1Y, Annualized)	34.08%	31.13%
Beta (5Y)	1.12	1.17
Max Drawdown (5Y)	-36.62%	-34.29%
Avg. Volume (3M)	4.27M	409.99K

Risk-Adjusted Performance

Risk-Return Positioning

IR 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 Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Sharpe Ratio (1Y)	0.24	0.74
Sortino Ratio (1Y)	0.37	1.11

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while Ingersoll Rand (IR) at 13.41% is closer to the peer norm — stronger capital efficiency for LECO.

IR

Capital Goods industry group

13.41%

Max: 40.55%
Q3: 19.29%
IR: 13.41%
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%

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) at 17.20% 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.

IR

Capital Goods industry group

17.20%

Max: 27.47%
IR: 17.20%
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%

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

Operating Margin (TTM)

Ingersoll Rand (IR) at 18.79% operates in the top operating margin quartile, ahead of Lincoln Electric (LECO) at 18.29%, which runs around its industry’s norm.

IR

Capital Goods industry group

18.79%

Max: 36.60%
IR: 18.79%
Q3: 18.33%
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%

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

Profitability Metrics

Profitability metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
ROE (TTM)	13.41%	38.75%
ROA (TTM)	4.98%	13.32%
Net Margin (TTM)	17.20%	12.40%
Operating Margin (TTM)	18.79%	18.29%
Gross Margin (TTM)	42.57%	35.54%

Growth

Revenue Growth

Both Ingersoll Rand (IR) at 5.75% 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.

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) at -29.61% drops into the bottom quartile, signaling weaker earnings momentum.

Ingersoll Rand (IR) vs. Lincoln Electric (LECO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Revenue Growth (YoY)	5.75%	5.60%
Revenue Growth (3Y CAGR)	8.95%	4.02%
EPS Growth (YoY)	-29.61%	14.36%
EPS Growth (3Y CAGR)	-0.46%	5.05%

Financial Strength

Current Ratio (MRQ)

Both Ingersoll Rand (IR) at 1.69 and Lincoln Electric (LECO) at 1.91 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

IR

Capital Goods industry group

1.69

Max: 5.22
Q3: 2.95
Median: 2.08
IR: 1.69
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

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

Debt / Equity (MRQ)

Both Ingersoll Rand (IR) at 0.46 and Lincoln Electric (LECO) at 0.78 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

IR

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
IR: 0.46
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

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Current Ratio (MRQ)	1.69	1.91
Debt / Equity (MRQ)	0.46	0.78
Net Debt / EBITDA	1.76	1.00

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Ingersoll Rand (IR) at 0.10% pays a more typical yield — both are credible income propositions, LECO the richer one.

IR

Capital Goods industry group

0.10%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
IR: 0.10%
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%

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

Dividend Payout Ratio (TTM)

Ingersoll Rand (IR) at 2.27% 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.

IR

Capital Goods industry group

2.27%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
IR: 2.27%
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%

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

Dividend Metrics

Dividend metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
Dividend Yield (TTM)	0.10%	1.16%
Dividend Payout Ratio (TTM)	2.27%	30.30%

Valuation

P/E Ratio (TTM)

Both Ingersoll Rand (IR) at 23.51 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.

IR

Capital Goods industry group

23.51

Max: 59.38
Q3: 35.92
Median: 25.41
IR: 23.51
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

Ingersoll Rand (IR) 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 Ingersoll Rand (IR) at 3.96 sits in the pricier quartile — IR costs more per dollar of sales.

IR

Capital Goods industry group

3.96

Max: 7.54
IR: 3.96
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

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

P/B Ratio (MRQ)

Ingersoll Rand (IR) at 3.03 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.

IR

Capital Goods industry group

3.03

Max: 9.66
Q3: 5.00
Median: 3.12
IR: 3.03
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

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

Valuation Metrics

Valuation metrics for Ingersoll Rand (IR) and Lincoln Electric (LECO)
Metric	IR	LECO
P/E Ratio (TTM)	23.51	26.40
P/S Ratio (TTM)	3.96	3.21
P/B Ratio (MRQ)	3.03	9.59
Free Cash Flow Yield (TTM)	3.19%	2.68%