LECO vs. PWR: Lincoln Electric vs. Quanta Services Stock Comparison

November 11, 2026

How do Lincoln Electric (LECO) and Quanta Services (PWR) 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 Quanta Services (PWR) both fall under the Capital Goods industry group, but LECO is classified in Machinery while PWR is classified in Construction & Engineering.

Company profile comparison for Lincoln Electric (LECO) and Quanta Services (PWR)
Profile Item	LECO	PWR
Name	Lincoln Electric Holdings, Inc.	Quanta Services, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Construction & Engineering
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Construction & Engineering
Market Capitalization	14.91 billion USD	81.50 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 7, 1994	February 12, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LECO

PWR

GSPC

Lincoln Electric (LECO) vs. Quanta Services (PWR), 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 Quanta Services (PWR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
Total Return (1Y)	27.30%	32.97%
Total Return (3Y, Annualized)	17.31%	51.81%
Total Return (5Y, Annualized)	16.33%	38.19%

Risk Profile

Drawdown History

LECO

PWR

GSPC

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

Risk Metrics

Risk profile metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
Volatility (1Y, Annualized)	31.13%	50.22%
Beta (5Y)	1.17	1.29
Max Drawdown (5Y)	-34.29%	-35.15%
Avg. Volume (3M)	409.99K	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

LECO and PWR 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 Quanta Services (PWR)
Metric	LECO	PWR
Sharpe Ratio (1Y)	0.74	0.57
Sortino Ratio (1Y)	1.11	0.87

Profitability

ROE (TTM)

Lincoln Electric (LECO) at 38.75% sits in the top ROE quartile, while Quanta Services (PWR) at 18.02% 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%

PWR

Capital Goods industry group

18.02%

Max: 40.55%
Q3: 19.29%
PWR: 18.02%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lincoln Electric (LECO) vs. Quanta Services (PWR): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Lincoln Electric (LECO) at 12.40% retains a top-quartile share of revenue as profit, ahead of Quanta Services (PWR) at 4.51%, which keeps about the industry-typical share.

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%

PWR

Capital Goods industry group

4.51%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
PWR: 4.51%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Lincoln Electric (LECO) at 18.29% and Quanta Services (PWR) at 8.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

PWR

Capital Goods industry group

8.63%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
PWR: 8.63%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
ROE (TTM)	38.75%	18.02%
ROA (TTM)	13.32%	5.72%
Net Margin (TTM)	12.40%	4.51%
Operating Margin (TTM)	18.29%	8.63%
Gross Margin (TTM)	35.54%	15.76%

Growth

Revenue Growth

Quanta Services (PWR) at 20.31% 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 PWR.

Lincoln Electric (LECO) vs. Quanta Services (PWR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lincoln Electric (LECO) at 14.36% and Quanta Services (PWR) at 12.77% 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. Quanta Services (PWR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
Revenue Growth (YoY)	5.60%	20.31%
Revenue Growth (3Y CAGR)	4.02%	18.60%
EPS Growth (YoY)	14.36%	12.77%
EPS Growth (3Y CAGR)	5.05%	27.00%

Financial Strength

Current Ratio (MRQ)

Lincoln Electric (LECO) at 1.91 keeps current ratio within its industry’s typical mid-range, while Quanta Services (PWR) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PWR.

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

PWR

Capital Goods industry group

1.16

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
PWR: 1.16
Min: 0.36

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

Debt / Equity (MRQ)

Both Lincoln Electric (LECO) at 0.78 and Quanta Services (PWR) at 0.71 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

PWR

Capital Goods industry group

0.71

Max: 2.33
Q3: 1.12
PWR: 0.71
Median: 0.60
Q1: 0.29
Min: 0.00

Lincoln Electric (LECO) vs. Quanta Services (PWR): 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 Quanta Services (PWR)
Metric	LECO	PWR
Current Ratio (MRQ)	1.91	1.16
Debt / Equity (MRQ)	0.78	0.71
Net Debt / EBITDA	1.00	1.43

Dividends

Dividend Yield (TTM)

Lincoln Electric (LECO) at 1.16% delivers top-quartile income for its industry, while Quanta Services (PWR) at 0.09% 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%

PWR

Capital Goods industry group

0.09%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
PWR: 0.09%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Quanta Services (PWR) at 3.98% 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%

PWR

Capital Goods industry group

3.98%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
PWR: 3.98%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
Dividend Yield (TTM)	1.16%	0.09%
Dividend Payout Ratio (TTM)	30.30%	3.98%

Valuation

P/E Ratio (TTM)

Lincoln Electric (LECO) at 26.40 is near its industry’s usual P/E ratio, while Quanta Services (PWR) at 48.95 sits in the richer quartile — PWR needs stronger growth or earnings quality to justify the premium.

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

PWR

Capital Goods industry group

48.95

Max: 59.38
PWR: 48.95
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Lincoln Electric (LECO) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 2.19 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

PWR

Capital Goods industry group

2.19

Max: 7.54
Q3: 3.76
PWR: 2.19
Median: 2.15
Q1: 1.03
Min: 0.03

Lincoln Electric (LECO) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 7.73 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

PWR

Capital Goods industry group

7.73

Max: 9.66
PWR: 7.73
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Lincoln Electric (LECO) and Quanta Services (PWR)
Metric	LECO	PWR
P/E Ratio (TTM)	26.40	48.95
P/S Ratio (TTM)	3.21	2.19
P/B Ratio (MRQ)	9.59	7.73
Free Cash Flow Yield (TTM)	2.68%	3.78%