Lincoln Electric manufactures welding, cutting, and brazing products, claiming leading market share globally. Alongside Illinois Tool Works and ESAB, Lincoln Electric is one of the top three players offering a complete welding solutions package, including equipment and consumables, which we think differentiates it from smaller competitors.
Lincoln Electric has established one of the most trusted brands in welding and enjoys leading market share.
Lincoln Electric's international welding business is not as strong as domestic welding, with operating margins lagging the Americas welding segment by roughly 900 basis points.
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Metric
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LECO
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ITT
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ESAB
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|---|---|---|---|
Price/Earnings (Normalized) | 25.52 | 26.28 | 12.52 |
Price/Book Value | 9.45 | 3.76 | 1.76 |
Price/Sales | 3.33 | 3.58 | 1.37 |
Price/Cash Flow | 18.44 | 23.26 | 15.85 |
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Metric
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LECO
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ITT
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ESAB
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|---|---|---|---|
Quick Ratio | 0.93 | 0.77 | 0.99 |
Current Ratio | 1.98 | 1.26 | 1.96 |
Interest Coverage | 14.66 | 6.82 | 3.54 |
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Metric
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LECO
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ITT
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ESAB
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|---|---|---|---|
Return on Assets (Normalized) | 15.33% | 8.41% | 3.12% |
Return on Equity (Normalized) | 39.81% | 17.21% | 7.50% |
Return on Invested Capital (Normalized) | 22.99% | 11.83% | 6.12% |
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United States