LECO vs. PNR: Lincoln Electric vs. Pentair Stock Comparison

November 11, 2026

How do Lincoln Electric (LECO) and Pentair (PNR) 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 Pentair (PNR) 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 Pentair (PNR)
Profile Item	LECO	PNR
Name	Lincoln Electric Holdings, Inc.	Pentair plc
Country/Region	United States	United Kingdom
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	10.88 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 7, 1994	May 3, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LECO

PNR

GSPC

Lincoln Electric (LECO) vs. Pentair (PNR), 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 Pentair (PNR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
Total Return (1Y)	27.30%	-33.74%
Total Return (3Y, Annualized)	17.31%	6.19%
Total Return (5Y, Annualized)	16.33%	0.13%

Risk Profile

Drawdown History

LECO

PNR

GSPC

Lincoln Electric (LECO) vs. Pentair (PNR), 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 Pentair (PNR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
Volatility (1Y, Annualized)	31.13%	36.79%
Beta (5Y)	1.17	0.99
Max Drawdown (5Y)	-34.29%	-53.15%
Avg. Volume (3M)	409.99K	3.26M

Risk-Adjusted Performance

Risk-Return Positioning

LECO and PNR 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 Pentair (PNR)
Metric	LECO	PNR
Sharpe Ratio (1Y)	0.74	-1.03
Sortino Ratio (1Y)	1.11	-1.35

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while Pentair (PNR) at 15.61% is closer to the peer norm — stronger capital efficiency for LECO.

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%

PNR

Capital Goods industry group

15.61%

Max: 40.55%
Q3: 19.29%
PNR: 15.61%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lincoln Electric (LECO) vs. Pentair (PNR): 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 Pentair (PNR) at 15.44% 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%

PNR

Capital Goods industry group

15.44%

Max: 27.47%
PNR: 15.44%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Pentair (PNR) 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%

PNR

Capital Goods industry group

21.90%

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

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

Profitability Metrics

Profitability metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
ROE (TTM)	38.75%	15.61%
ROA (TTM)	13.32%	7.91%
Net Margin (TTM)	12.40%	15.44%
Operating Margin (TTM)	18.29%	21.90%
Gross Margin (TTM)	35.54%	40.17%

Growth

Revenue Growth

Both Lincoln Electric (LECO) at 5.60% and Pentair (PNR) at 2.28% 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. Pentair (PNR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lincoln Electric (LECO) at 14.36% and Pentair (PNR) at 5.88% 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. Pentair (PNR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
Revenue Growth (YoY)	5.60%	2.28%
Revenue Growth (3Y CAGR)	4.02%	0.44%
EPS Growth (YoY)	14.36%	5.88%
EPS Growth (3Y CAGR)	5.05%	10.94%

Financial Strength

Current Ratio (MRQ)

Both Lincoln Electric (LECO) at 1.91 and Pentair (PNR) at 1.47 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

PNR

Capital Goods industry group

1.47

Max: 5.22
Q3: 2.95
Median: 2.08
PNR: 1.47
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Lincoln Electric (LECO) at 0.78 and Pentair (PNR) at 0.42 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

PNR

Capital Goods industry group

0.42

Max: 2.33
Q3: 1.12
Median: 0.60
PNR: 0.42
Q1: 0.29
Min: 0.00

Lincoln Electric (LECO) vs. Pentair (PNR): 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 Pentair (PNR)
Metric	LECO	PNR
Current Ratio (MRQ)	1.91	1.47
Debt / Equity (MRQ)	0.78	0.42
Net Debt / EBITDA	1.00	1.61

Dividends

Dividend Yield (TTM)

Both Lincoln Electric (LECO) at 1.16% and Pentair (PNR) at 1.52% offer top-quartile dividend income relative to share price within their industries.

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%

PNR

Capital Goods industry group

1.52%

Max: 2.66%
PNR: 1.52%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Lincoln Electric (LECO) at 30.30% and Pentair (PNR) at 28.88% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

PNR

Capital Goods industry group

28.88%

Max: 67.39%
PNR: 28.88%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
Dividend Yield (TTM)	1.16%	1.52%
Dividend Payout Ratio (TTM)	30.30%	28.88%

Valuation

P/E Ratio (TTM)

Pentair (PNR) at 18.56 sits in the cheaper P/E ratio quartile, while Lincoln Electric (LECO) at 26.40 is closer to its industry’s usual earnings multiple — a discount for PNR, though growth and earnings durability still matter.

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

PNR

Capital Goods industry group

18.56

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
PNR: 18.56
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Lincoln Electric (LECO) at 3.21 and Pentair (PNR) at 2.74 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

PNR

Capital Goods industry group

2.74

Max: 7.54
Q3: 3.76
PNR: 2.74
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Pentair (PNR) at 2.82 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.

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

PNR

Capital Goods industry group

2.82

Max: 9.66
Q3: 5.00
Median: 3.12
PNR: 2.82
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Lincoln Electric (LECO) and Pentair (PNR)
Metric	LECO	PNR
P/E Ratio (TTM)	26.40	18.56
P/S Ratio (TTM)	3.21	2.74
P/B Ratio (MRQ)	9.59	2.82
Free Cash Flow Yield (TTM)	2.68%	4.77%