LECO vs. PH: Lincoln Electric vs. Parker-Hannifin Stock Comparison

November 11, 2026

How do Lincoln Electric (LECO) and Parker-Hannifin (PH) 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

Lincoln Electric (LECO) and Parker-Hannifin (PH) 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 Lincoln Electric (LECO) and Parker-Hannifin (PH)
Profile Item	LECO	PH
Name	Lincoln Electric Holdings, Inc.	Parker-Hannifin Corporation
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	14.91 billion USD	115.73 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 7, 1994	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LECO

GSPC

Lincoln Electric (LECO) vs. Parker-Hannifin (PH), 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 Lincoln Electric (LECO) and Parker-Hannifin (PH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Total Return (1Y)	27.30%	14.13%
Total Return (3Y, Annualized)	17.31%	33.71%
Total Return (5Y, Annualized)	16.33%	25.35%

Risk Profile

Drawdown History

LECO

GSPC

Lincoln Electric (LECO) vs. Parker-Hannifin (PH), 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 Lincoln Electric (LECO) and Parker-Hannifin (PH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Volatility (1Y, Annualized)	31.13%	27.33%
Beta (5Y)	1.17	1.12
Max Drawdown (5Y)	-34.29%	-28.64%
Avg. Volume (3M)	409.99K	627.57K

Risk-Adjusted Performance

Risk-Return Positioning

LECO and PH 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 Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Sharpe Ratio (1Y)	0.74	0.36
Sortino Ratio (1Y)	1.11	0.53

Profitability

ROE (TTM)

Both Lincoln Electric (LECO) at 38.75% and Parker-Hannifin (PH) at 24.95% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

PH

Capital Goods industry group

24.95%

Max: 40.55%
PH: 24.95%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Lincoln Electric (LECO) at 12.40% and Parker-Hannifin (PH) at 16.62% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

PH

Capital Goods industry group

16.62%

Max: 27.47%
PH: 16.62%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Parker-Hannifin (PH) at 21.90% operates in the top operating margin quartile, ahead of Lincoln Electric (LECO) at 18.29%, which runs around its industry’s norm.

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%

PH

Capital Goods industry group

21.90%

Max: 36.60%
PH: 21.90%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
ROE (TTM)	38.75%	24.95%
ROA (TTM)	13.32%	8.56%
Net Margin (TTM)	12.40%	16.62%
Operating Margin (TTM)	18.29%	21.90%
Gross Margin (TTM)	35.54%	37.70%

Growth

Revenue Growth

Both Lincoln Electric (LECO) at 5.60% and Parker-Hannifin (PH) at 8.31% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lincoln Electric (LECO) at 14.36% and Parker-Hannifin (PH) at 5.01% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Revenue Growth (YoY)	5.60%	8.31%
Revenue Growth (3Y CAGR)	4.02%	4.09%
EPS Growth (YoY)	14.36%	5.01%
EPS Growth (3Y CAGR)	5.05%	21.09%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while Parker-Hannifin (PH) at 0.94 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PH.

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

PH

Capital Goods industry group

0.94

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
PH: 0.94
Min: 0.36

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Lincoln Electric (LECO) at 0.78 and Parker-Hannifin (PH) at 1.09 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

PH

Capital Goods industry group

1.09

Max: 2.33
Q3: 1.12
PH: 1.09
Median: 0.60
Q1: 0.29
Min: 0.00

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Current Ratio (MRQ)	1.91	0.94
Debt / Equity (MRQ)	0.78	1.09
Net Debt / EBITDA	1.00	2.81

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Parker-Hannifin (PH) at 0.85% pays a more typical yield — both are credible income propositions, LECO the richer one.

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%

PH

Capital Goods industry group

0.85%

Max: 2.66%
Q3: 1.14%
PH: 0.85%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Parker-Hannifin (PH) at 26.11% 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.

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%

PH

Capital Goods industry group

26.11%

Max: 67.39%
Q3: 28.02%
PH: 26.11%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
Dividend Yield (TTM)	1.16%	0.85%
Dividend Payout Ratio (TTM)	30.30%	26.11%

Valuation

P/E Ratio (TTM)

Both Lincoln Electric (LECO) at 26.40 and Parker-Hannifin (PH) at 31.53 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

PH

Capital Goods industry group

31.53

Max: 59.38
Q3: 35.92
PH: 31.53
Median: 25.41
Q1: 19.47
Min: 3.03

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): 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 Parker-Hannifin (PH) at 5.16 sits in the pricier quartile — PH costs more per dollar of sales.

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

PH

Capital Goods industry group

5.16

Max: 7.54
PH: 5.16
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both Lincoln Electric (LECO) at 9.59 and Parker-Hannifin (PH) at 7.25 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

PH

Capital Goods industry group

7.25

Max: 9.66
PH: 7.25
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Lincoln Electric (LECO) vs. Parker-Hannifin (PH): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Lincoln Electric (LECO) and Parker-Hannifin (PH)
Metric	LECO	PH
P/E Ratio (TTM)	26.40	31.53
P/S Ratio (TTM)	3.21	5.16
P/B Ratio (MRQ)	9.59	7.25
Free Cash Flow Yield (TTM)	2.68%	2.45%