LECO Lincoln Electric Holdings, Inc. - Common Shares
NASDAQ · Machinery · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Jul 30, 2026LECO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| June 1, 2011 | 2-for-1 | Forward |
| June 16, 1998 | 2-for-1 | Forward |
About Lincoln Electric Holdings, Inc. - Common Shares Company overview from Wikipedia
Lincoln Electric Holdings, Inc. is an American multinational and global manufacturer of welding products, arc welding equipment, welding accessories, plasma and oxy–fuel cutting equipment and robotic welding systems headquartered in Euclid, Ohio. By 2012 it had a network of distributors and sales offices covering more than 160 countries and 42 manufacturing locations in North America, Europe, the Middle East, Asia and Latin America. It also operates manufacturing alliances and joint ventures in 19 countries. It is a member of the Fortune 1000.
History
The company was founded in 1895 by John C. Lincoln with an investment of $200 to make electric motors he had designed. The company was initially headquartered in Euclid, Ohio.
In 1907 shortly after an illness, James Finney Lincoln asked his brother for a job and was paid to sell the machines manufactured in his brother's shop. In 1914 John retreated into product invention and turned the management of the firm over to James.
Around 1910 the firm produced a revolution in the building trades: rather than rivet the joints in constructions made of steel, the novel arc welder produced these with more rigidity and at less cost. This allowed bigger buildings, bridges and ships and led to the pipeline industry.
In 1914 James constituted the company's Advisory Board of elected shop floor workers, which meets biweekly to review problems and successes. This board is credited by some with avoiding unionization for more than a hundred years.
Around 1915, James Lincoln decided to change the method of remuneration he paid employees from hourly paid wage onto the piecework system.
By 1918 the company was touting the benefits of electric arc welding in self-published book form.
In 1927 the company introduced the E6010 Fleetweld electrode with which it made its fortune.
In 1934 Lincoln added an annual merit pay bonus scheme, according to which employees would receive sometimes up to 100% of their piecework "wage".
During World War II the company was sued by the federal government because they deemed its novel practice of paying employee bonus was not a deductible business cost. More than a decade later, the court ruled in favour of Lincoln Electric and established in Lincoln Electric Co. v. Commissioner of Internal Rev., 162 F.2d 379 (6th Cir. 1947) that performance pay was a legitimate cost of doing business.
It was during the 1940s that the company introduced the legendary SA-200 diesel welding trailer, particularly prized by the pipeline industry.
The company estimated that it furnished one-third of all the welding electrode used in WW2 ship, tank, pipeline and synthetic rubber industries. The construction of a single Liberty Ship needed 160,000 pounds of electrode, while a Victory Ship consumed more than 190,000 pounds of electrode.
The life-long tenure for industrial workers was trialled by James in 1951 and made formal policy in 1958 for every employee on their third anniversary. In exchange the worker commits to total flexibility in terms of his duties.
In the late 1980s the company decided to expand overseas and nearly went bankrupt. In 1993 the workers needed to rescue the company from the folly of chairman George Willis and president Donald Hastings. In 1994 the company returned to profitability, and in 1995 it went public on the NYSE.
The Lincoln Electric company is the single most studied example at Harvard Business School for its innovative management features; James Finney tied his company's success to his analysis of the biblical Sermon on the Mount.
By the 21st century the company had grown to 44 manufacturing locations, including operations and joint ventures in 19 countries and an international network of distributors and sales offices covering more than 160 countries.
Lincoln has had over 8,500 employees globally, including 3,000 in the United States.
In 2005, Lincoln's Electric acquired the Harris Products Group, which is a manufacturer of welding accessories, gas apparatus, and other specialty products. The Harris Products Group has manufacturing facilities in Georgia, Ohio, California, Poland, Mexico, Brazil and Italy.
In 2017 Lincoln Electric acquired the welding business of Air Liquide.
In 2019, Lincoln announced the acquisition a portion of Worthington Industries, Inc. soldering operations.
Also in 2019 the company bought additive manufacturing specialist Baker Industries.
In December 2023, Lincoln Electric unveiled the Velion DC fast electric vehicle charging station. A display unit was shown at CES 2024 and featured NACS and CCS1 charging plugs, along with a touchscreen user interface developed using Qt.
Manganism lawsuit
A particular disease in welders is known as manganism, and is produced by off-gas. Lincoln was named in several lawsuits along with other welding industry companies in the 2000s, but Lincoln was absolved because it had advertised the risk.
Lincoln Institute of Land Policy
The Lincoln Institute of Land Policy was established by Lincoln Electric's founder, John C. Lincoln, in 1946, based on his admiration for the work of Henry George. Today, the think tank still focuses on promoting "creative approaches to land as a solution to economic, social, and environmental challenges."
Lincoln Welding School
The Lincoln Electric Welding School was set up in 1917 and has in a century since instructed over 150,000 men and women in the various methods and techniques of safety and arc welding processes. The school is listed by the Ohio State Board of School and College Registration.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LECO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 27.55Y avg ≈24.0 | ≈24.0 | 31.4 | Undervalued | |
| P/S (TTM) | 3.35Y avg ≈2.9 | ≈2.9 | 5.2 | Undervalued | |
| P/B (MRQ) | 9.65Y avg ≈8.8 | ≈8.8 | 5.2 | Overvalued | |
| EV / EBITDA | 19.55Y avg ≈16.4 | ≈16.4 | 18.8 | Undervalued | |
| Price / FCF (TTM) | 27.65Y avg ≈22.6 | ≈22.6 | · | · | |
| Price / Cash Flow (TTM) | 21.85Y avg ≈18.7 | ≈18.7 | 19.9 | Fair value | |
| EV / Revenue | 3.85Y avg ≈3.1 | ≈3.1 | · | · | |
| EV / FCF | 29.85Y avg ≈24.2 | ≈24.2 | · | · | |
| Price / Tangible Book | 45.35Y avg ≈34.5 | ≈34.5 | · | · | |
| PEG Ratio | ≈1.2 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LECO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 36.0%5Y avg ≈36.0% | ≈36.0% | 47.0% | Weak | |
| Operating Margin (TTM) | 17.1%5Y avg ≈16.7% | ≈16.7% | 21.7% | Weak | |
| EBITDA Margin (TTM) | 19.4%5Y avg ≈18.9% | ≈18.9% | 23.2% | Weak | |
| Pretax Margin (TTM) | 16.1%5Y avg ≈15.7% | ≈15.7% | 20.7% | Weak | |
| Net Profit Margin (TTM) | 12.4%5Y avg ≈12.3% | ≈12.3% | 16.3% | Weak | |
| ROA (TTM) | 14.7%5Y avg ≈14.8% | ≈14.8% | 8.5% | Top tier | |
| ROE (TTM) | 37.7%5Y avg ≈38.2% | ≈38.2% | 15.2% | Top tier | |
| ROIC | 21.1%5Y avg ≈21.4% | ≈21.4% | 11.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LECO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.75Y avg ≈0.9 | ≈0.9 | 0.3 | High debt | |
| Current Ratio (MRQ) | 2.05Y avg ≈2.0 | ≈2.0 | 2.3 | In line | |
| Quick Ratio | 0.95Y avg ≈1.0 | ≈1.0 | 1.0 | In line | |
| Long-Term Debt / Equity (MRQ) | 0.75Y avg ≈0.8 | ≈0.8 | 0.4 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LECO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 5.6%5Y avg ≈4.2% | ≈4.2% | · | · | |
| Revenue CAGR 3Y | 4.0%5Y avg ≈9.3% | ≈9.3% | · | · | |
| Revenue CAGR 5Y | 9.8% | · | · | · | |
| EPS YoY | 14.4%5Y avg ≈6.0% | ≈6.0% | · | · | |
| Net Income YoY | 11.7%5Y avg ≈4.2% | ≈4.2% | · | · | |
| EPS CAGR 3Y | 5.1%5Y avg ≈22.0% | ≈22.0% | · | · | |
| EPS CAGR 5Y | 22.2% | · | · | · | |
| Net Income CAGR 3Y | 3.3%5Y avg ≈20.2% | ≈20.2% | · | · | |
| Net Income CAGR 5Y | 20.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LECO | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.25Y avg ≈1.2 | ≈1.2 | 0.7 | Top tier | |
| Inventory Turnover | 4.65Y avg ≈4.5 | ≈4.5 | 4.0 | Top tier | |
| Receivables Turnover | 8.35Y avg ≈8.0 | ≈8.0 | 6.2 | Top tier | |
| Revenue / Employee | ≈$352.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 30, 2026 | $0.79 | USD | ≈1.2% |
| Jun 30, 2026 | $0.79 | USD | ≈1.2% |
| Mar 31, 2026 | $0.79 | USD | ≈1.2% |
| Dec 31, 2025 | $0.79 | USD | ≈1.3% |
| Sep 30, 2025 | $0.75 | USD | ≈1.3% |
| Jun 30, 2025 | $0.75 | USD | ≈1.4% |
| Mar 31, 2025 | $0.75 | USD | ≈1.5% |
| Dec 31, 2024 | $0.75 | USD | ≈1.5% |
| Sep 30, 2024 | $0.71 | USD | ≈1.5% |
| Jun 28, 2024 | $0.71 | USD | ≈1.5% |
| Mar 27, 2024 | $0.71 | USD | ≈1.0% |
| Dec 28, 2023 | $0.71 | USD | ≈1.2% |
| Sep 28, 2023 | $0.64 | USD | ≈1.4% |
| Jun 29, 2023 | $0.64 | USD | ≈1.3% |
| Mar 30, 2023 | $0.64 | USD | ≈1.4% |
| Dec 29, 2022 | $0.64 | USD | ≈1.6% |
| Sep 29, 2022 | $0.56 | USD | ≈1.8% |
| Jun 29, 2022 | $0.56 | USD | ≈1.8% |
| Mar 30, 2022 | $0.56 | USD | ≈1.5% |
| Dec 30, 2021 | $0.56 | USD | ≈1.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $2.93 | $2.87 | 2.3% |
| March 31, 2026 | $2.50 | $2.50 | 0.19% | |
| Dec. 31, 2025 | $2.65 | $2.59 | 2.2% | |
| Sept. 30, 2025 | $2.47 | $2.47 | -0.08% | |
| June 30, 2025 | $2.60 | $2.36 | 10.2% | |
| March 31, 2025 | $2.16 | $2.28 | -5.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.23B | $4.01B | $4.19B | $3.76B | $3.23B | $2.66B | $3.00B | $3.03B | $2.62B | $2.27B | $2.54B | $2.81B | |
| Cost of Revenue | $2.70B | $2.54B | $2.73B | $2.48B | $2.17B | $1.78B | $2.00B | $2.00B | $1.75B | $1.49B | $1.69B | $1.86B | |
| Gross Profit | $1.53B | $1.47B | $1.47B | $1.28B | $1.07B | $871M | $1.01B | $1.03B | $875M | $787M | $841M | $949M | |
| R&D Expense | $86M | $82M | $71M | $63M | $56M | $51M | $57M | $54M | $48M | $45M | $47M | $43M | |
| SG&A Expense | $798M | $781M | $759M | $657M | $597M | $544M | $621M | $628M | $541M | $469M | $497M | $545M | |
| Operating Income | $718M | $636M | $718M | $612M | $462M | $282M | $371M | $376M | $377M | $284M | $182M | $374M | |
| Interest Expense | · | $53M | $51M | $31M | $24M | $24M | $26M | $25M | $24M | $19M | $22M | $10M | |
| Interest Income | $7M | $10M | $7M | $2M | $2M | $2M | $3M | $7M | $5M | $2M | $3M | $3M | |
| Other Non-op | $9M | $6M | $15M | $7M | $9M | $5M | $15M | $5M | $5M | $3M | $4M | $4M | |
| Pretax Income | $675M | $594M | $687M | $593M | $325M | $264M | $368M | $369M | $366M | $277M | $170M | $376M | |
| Income Tax | $155M | $128M | $142M | $121M | $48M | $58M | $75M | $82M | $119M | $79M | $42M | $122M | |
| Net Income | $521M | $466M | $545M | $472M | $277M | $206M | $293M | $287M | $247M | $198M | $127M | $254M | |
| EPS (Basic) | $9.39 | $8.23 | $9.50 | $8.14 | $4.66 | $3.46 | $4.73 | $4.42 | $3.76 | $2.94 | $1.72 | $3.22 | |
| EPS (Diluted) | $9.32 | $8.15 | $9.37 | $8.04 | $4.60 | $3.42 | $4.68 | $4.37 | $3.71 | $2.91 | $1.70 | $3.18 | |
| Shares (Basic) | 55,410,000 | 56,639,000 | 57,364,000 | 58,030,000 | 59,309,000 | 59,633,000 | 61,960,000 | 64,886,000 | 65,739,000 | 67,462,000 | 74,111,000 | 79,185,000 | |
| Shares (Diluted) | 55,875,000 | 57,194,000 | 58,221,000 | 58,749,000 | 60,062,000 | 60,248,000 | 62,658,000 | 65,682,000 | 66,643,000 | 68,156,000 | 74,854,000 | 80,096,000 | |
| EBITDA | $817M | $725M | $805M | $690M | $543M | $363M | $452M | $448M | $446M | $353M | $246M | $443M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $309M | $377M | $394M | $197M | $193M | $257M | $200M | $359M | $327M | $379M | $304M | $278M | |
| Receivables | $539M | $482M | $539M | $542M | $429M | $373M | $375M | $397M | $395M | $274M | $265M | $338M | |
| Inventory | $633M | $544M | $563M | $665M | $540M | $381M | $394M | $362M | $349M | $255M | $276M | $341M | |
| Prepaid Expense | · | · | · | · | $21M | $20M | $17M | $17M | $16M | $12M | $12M | · | |
| Other Current Assets | $259M | $242M | $198M | $154M | $128M | $100M | $108M | $120M | $124M | $96M | $91M | $130M | |
| Current Assets | $1.74B | $1.65B | $1.69B | $1.56B | $1.29B | $1.11B | $1.08B | $1.24B | $1.37B | $1.04B | $936M | $1.10B | |
| PP&E (Net) | $703M | $619M | $575M | $545M | $512M | $522M | $529M | $479M | $477M | $372M | $411M | $439M | |
| PP&E (Gross) | $1.65B | $1.48B | $1.45B | $1.44B | $1.38B | $1.41B | $1.36B | $1.26B | $1.26B | $1.09B | $1.10B | $1.13B | |
| Accum. Depreciation | $943M | $866M | $877M | $891M | $868M | $885M | $826M | $779M | $788M | $717M | $694M | $691M | |
| Goodwill | $887M | $805M | $694M | $665M | $430M | $336M | $337M | $281M | $235M | $232M | $188M | $180M | |
| Intangibles | $250M | $221M | $187M | $203M | $149M | $134M | $178M | $148M | $127M | $130M | $121M | $133M | |
| Other Non-current Assets | $449M | $152M | $183M | $187M | $193M | $193M | $237M | $184M | $178M | $157M | $120M | $29M | |
| Total Assets | $3.78B | $3.52B | $3.38B | $3.18B | $2.59B | $2.31B | $2.37B | $2.35B | $2.41B | $1.94B | $1.78B | $1.94B | |
| Accounts Payable | $365M | $297M | $325M | $352M | $330M | $257M | $273M | $269M | $270M | $177M | $153M | $210M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | $34M | $30M | |
| Current Liabilities | $957M | $879M | $755M | $853M | $756M | $549M | $563M | $538M | $529M | $388M | $370M | $492M | |
| Capital Leases | $40M | $42M | $42M | $36M | $39M | $34M | $39M | · | · | · | · | · | |
| Deferred Tax | $52M | $10M | $13M | $17M | $57M | $47M | $64M | $46M | $41M | $42M | $47M | $41M | |
| Other Non-current Liabilities | $201M | $153M | $198M | $166M | $199M | $213M | $212M | $176M | $200M | $98M | $85M | $59M | |
| Total Liabilities | $2.31B | $2.19B | $2.07B | $2.15B | $1.73B | $1.52B | $1.55B | $1.46B | $1.47B | $1.23B | $852M | · | |
| Long-term Debt | $1.15B | $1.25B | $1.10B | $1.12B | $718M | $716M | $712M | · | · | · | · | · | |
| Total Debt | $1.15B | $1.25B | $1.10B | $1.12B | $718M | $716M | · | · | · | · | · | · | |
| Common Stock | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | |
| Retained Earnings | $4.34B | $3.99B | $3.69B | $3.31B | $2.97B | $2.82B | $2.74B | $2.56B | $2.39B | $2.24B | $2.13B | $2.09B | |
| Treasury Stock | $3.28B | $2.94B | $2.68B | $2.49B | $2.31B | $2.15B | $2.04B | $1.75B | $1.55B | $1.51B | $1.18B | $784M | |
| AOCI | $-206M | $-300M | $-230M | $-275M | $-257M | $-302M | $-276M | $-294M | $-247M | $-329M | $-296M | $-289M | |
| Stockholders' Equity | $1.47B | $1.33B | $1.31B | $1.03B | $864M | $790M | $818M | $887M | $932M | $711M | $932M | $1.28B | |
| Liabilities + Equity | $3.78B | $3.52B | $3.38B | $3.18B | $2.59B | $2.31B | $2.37B | $2.35B | $2.41B | $1.94B | $1.78B | $1.94B | |
| Shares Outstanding | 54,845,950 | 56,211,000 | 56,977,000 | 57,624,000 | 58,787,000 | 59,641,000 | 60,592,000 | 63,546,000 | 65,663,000 | 65,674,000 | 70,693,000 | 76,997,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $99M | $88M | $87M | $78M | $81M | $80M | $81M | $72M | $68M | $65M | $64M | $70M | |
| Stock-based Comp | $20M | $24M | $26M | $25M | $24M | $15M | $17M | $19M | $13M | $10M | $8M | $8M | |
| Deferred Tax | $83M | $-41M | $-24M | $-48M | $-30M | $1M | $15M | $-3M | $-4M | $-10M | $-56M | $18M | |
| Amort. of Intangibles | $30M | $27M | $26M | $22M | $21M | $20M | $21M | $16M | $16M | $15M | $13M | $14M | |
| Restructuring | $17M | $35M | $20M | $4M | $11M | $24M | $12M | $31M | $5M | · | $14M | $1M | |
| Other Non-cash | $-61M | $62M | $33M | $-144M | $14M | $48M | $-3M | $-45M | $10M | $39M | $167M | $52M | |
| Operating Cash Flow | $661M | $599M | $668M | $383M | $365M | $351M | $403M | $329M | $335M | $313M | $313M | $402M | |
| CapEx | $127M | $117M | $91M | $72M | $63M | $59M | $70M | $71M | $62M | $50M | $51M | $73M | |
| Investing Cash Flow | $-257M | $-361M | $-75M | $-505M | $-205M | $-49M | $-193M | $21M | $-272M | · | · | · | |
| Debt Issued | $0 | $550M | $0 | $405M | · | · | $0 | $0 | $34.0K | $350M | $358M | $9M | |
| Net Debt Issued | $-100M | $149M | · | · | · | $-14.0K | $-107.0K | $-107.0K | $-5.0K | $350M | $351M | $5M | |
| Stock Repurchased | $338M | $264M | $199M | $181M | $165M | $113M | $293M | $202M | $43M | $342M | $399M | $307M | |
| Net Stock Activity | $-338M | $-264M | $-199M | $-181M | $-165M | $-113M | $-293M | $-202M | $-43M | $-342M | $-399M | $-307M | |
| Dividends Paid | $168M | $162M | $148M | $131M | $122M | $118M | $118M | $102M | $92M | $87M | $87M | $73M | |
| Financing Cash Flow | $-462M | $-245M | $-412M | $134M | $-222M | $-246M | $-372M | $-302M | $-135M | · | · | · | |
| Net Change in Cash | $-68M | $-17M | $197M | $4M | $-64M | $58M | $-159M | $32M | $-52M | $75M | $26M | $-21M | |
| Taxes Paid | $101M | $158M | $181M | $152M | $87M | $59M | $43M | $86M | $82M | $73M | $102M | $119M | |
| Free Cash Flow | $534M | $482M | $577M | $312M | $303M | $292M | $334M | $258M | $273M | $254M | $260M | $329M | |
| Levered FCF | · | $441M | $536M | $287M | $282M | $273M | $313M | $239M | $257M | $240M | $244M | $322M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.2% | 36.7% | 35.0% | 34.1% | 33.0% | 32.8% | 33.6% | 34.0% | 33.5% | 34.7% | 33.2% | 33.7% | |
| Operating Margin | 17.0% | 15.9% | 17.1% | 16.3% | 14.3% | 10.6% | 12.3% | 12.4% | 14.4% | 12.7% | 7.2% | 13.3% | |
| Net Margin | 12.3% | 11.6% | 13.0% | 12.6% | 8.6% | 7.8% | 9.8% | 9.5% | 9.4% | 8.7% | 5.0% | 9.0% | |
| Pretax Margin | 16.0% | 14.8% | 16.4% | 15.8% | 10.1% | 9.9% | 12.3% | 12.2% | 14.0% | 12.2% | 6.7% | 13.4% | |
| EBITDA Margin | 19.3% | 18.1% | 19.2% | 18.4% | 16.8% | 13.7% | 15.1% | 14.8% | 17.0% | 15.5% | 9.7% | 15.8% | |
| ROA | 14.3% | 13.4% | 16.6% | 16.4% | 11.3% | 8.8% | 12.4% | 12.1% | 11.4% | 10.6% | 6.8% | 12.5% | |
| ROE | 36.5% | 35.0% | 43.0% | 48.2% | 33.4% | 25.7% | 34.4% | 31.6% | 30.1% | 24.1% | 11.5% | 18.1% | |
| ROIC | 21.1% | 19.4% | 23.6% | 22.6% | 24.8% | 14.6% | 36.1% | 33.0% | 27.4% | 29.0% | 14.6% | 19.7% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.9 | 2.2 | 1.8 | 1.7 | 2.0 | 1.9 | 2.3 | 2.6 | 2.7 | 2.5 | 2.2 | |
| Quick Ratio | 0.9 | 1.0 | 1.2 | 0.9 | 0.8 | 1.1 | 1.0 | 1.4 | 1.4 | 1.7 | 1.5 | 1.2 | |
| Debt / Equity | 0.8 | 0.9 | 0.8 | 1.1 | 0.8 | 0.9 | · | · | · | · | · | · | |
| LT Debt / Equity | 0.8 | 0.9 | 0.8 | 1.1 | 0.8 | 0.9 | · | · | · | · | · | · | |
| Interest Coverage | · | 12.0 | 14.0 | 19.7 | 19.4 | 11.8 | 14.3 | 15.3 | 15.6 | 15.1 | 8.3 | 35.8 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.1 | 1.3 | 1.3 | 1.2 | 1.2 | 1.4 | 1.4 | |
| Inventory Turnover | 4.6 | 4.6 | 4.4 | 4.1 | 4.7 | 4.6 | 5.3 | 5.6 | 5.8 | 5.6 | 5.5 | 5.5 | |
| Receivables Turnover | 8.3 | 7.9 | 7.8 | 7.8 | 8.1 | 7.1 | 7.8 | 7.6 | 7.8 | 8.4 | 8.4 | 8.2 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $26.80 | $23.62 | $22.97 | $17.95 | $14.70 | $13.23 | $13.50 | $13.96 | $14.19 | $10.83 | $13.18 | $16.66 | |
| Revenue / Share | $75.76 | $70.09 | $72.00 | $64.02 | $53.85 | $44.07 | $47.93 | $46.11 | $39.38 | $33.37 | $33.88 | $35.12 | |
| Cash Flow / Share | $11.83 | $10.47 | $11.47 | $6.53 | $6.08 | $5.83 | $6.43 | $5.01 | $5.02 | $4.45 | $4.15 | $5.02 | |
| Cash / Share | $5.63 | $6.71 | $6.91 | $3.42 | $3.28 | $4.31 | $3.29 | $5.65 | $4.98 | $5.77 | $4.30 | $3.62 | |
| Dividend / Share | $3.04 | $2.88 | $2.63 | $2.32 | $2.09 | $1.98 | $1.90 | $1.64 | $1.44 | $1.31 | $1.19 | $0.98 | |
| EPS (TTM) | $9.32 | $8.15 | $9.37 | $8.04 | $4.60 | $3.42 | $4.68 | $4.37 | $3.71 | $2.91 | $1.70 | $3.18 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.6% | -4.4% | 11.4% | 16.3% | 21.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.0% | 7.4% | 16.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 14.4% | -13.0% | 16.5% | 74.8% | 34.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 5.1% | 21.0% | 39.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 22.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.7% | -14.5% | 15.5% | 70.7% | 34.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 3.3% | 19.0% | 38.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 20.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 7.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.23B | $4.01B | $4.19B | $3.76B | $3.23B | $2.66B | $3.00B | $3.03B | $2.62B | $2.27B | $2.54B | $2.81B | |
| Net Income TTM | $521M | $466M | $545M | $472M | $277M | $206M | $293M | $287M | $247M | $198M | $127M | $254M | |
| Market Cap | $13.14B | $10.54B | $12.39B | $8.33B | $8.20B | $6.93B | $5.86B | $5.01B | $6.01B | $5.04B | $3.67B | $5.32B | |
| Enterprise Value | $13.98B | $11.41B | $13.10B | $9.25B | $8.72B | $7.39B | · | · | · | · | · | · | |
| P/E | 25.7 | 23.0 | 23.2 | 18.0 | 30.3 | 34.0 | 20.7 | 18.0 | 24.7 | 26.3 | 30.5 | 21.7 | |
| P/S | 3.1 | 2.6 | 3.0 | 2.2 | 2.5 | 2.6 | 2.0 | 1.7 | 2.3 | 2.2 | 1.4 | 1.9 | |
| P/B | 8.9 | 7.9 | 9.5 | 8.1 | 9.5 | 8.8 | 7.2 | 5.6 | 6.5 | 7.1 | 3.9 | 4.1 | |
| P / Tangible Book | 39.5 | 35.0 | 29.0 | 50.1 | 28.8 | 21.7 | · | · | · | · | · | · | |
| P / Cash Flow | 19.9 | 17.6 | 18.6 | 21.7 | 22.5 | 19.7 | 14.5 | 15.2 | 18.0 | 16.6 | 11.8 | 13.2 | |
| P / FCF | 24.6 | 21.8 | 21.5 | 26.7 | 27.1 | 23.7 | 17.6 | 19.4 | 22.0 | 19.9 | 14.1 | 16.2 | |
| EV / EBITDA | 17.1 | 15.7 | 16.3 | 13.4 | 16.1 | 20.4 | · | · | · | · | · | · | |
| EV / FCF | 26.2 | 23.7 | 22.7 | 29.7 | 28.8 | 25.3 | · | · | · | · | · | · | |
| EV / Revenue | 3.3 | 2.8 | 3.1 | 2.5 | 2.7 | 2.8 | · | · | · | · | · | · | |
| Dividend Yield | 1.3% | 1.5% | 1.2% | 1.6% | 1.5% | 1.7% | 2.0% | 2.0% | 1.5% | 1.7% | 2.4% | 1.4% | |
| Earnings Yield | 3.9% | 4.3% | 4.3% | 5.6% | 3.3% | 2.9% | 4.8% | 5.5% | 4.0% | 3.8% | 3.3% | 4.6% | |
| Payout Ratio | 32.3% | 34.8% | 27.2% | 27.7% | 44.1% | 57.3% | 40.2% | 35.6% | 37.4% | 44.0% | 68.3% | 28.9% | |
| Annual Payout | $168M | $162M | $148M | $131M | $122M | $118M | $118M | $102M | $92M | $87M | $87M | $73M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.12B | $1.08B | $1.06B | $1.09B | $1.00B | $1.02B | $984M | $1.02B | $981M | $1.06B | $1.03B | $1.06B | $1.04B | $931M | $935M | |
| Cost of Revenue | $771M | $722M | $705M | $672M | $683M | $639M | $653M | $632M | $638M | $613M | $687M | $668M | $687M | $684M | $623M | $626M | |
| Gross Profit | $449M | $399M | $374M | $389M | $406M | $365M | $369M | $352M | $384M | $368M | $371M | $366M | $373M | $355M | $308M | $310M | |
| SG&A Expense | $225M | $211M | $184M | $207M | $211M | $197M | $187M | $186M | $208M | $199M | $189M | $187M | $193M | $190M | $164M | $159M | |
| Operating Income | $221M | $186M | $184M | $177M | $192M | $165M | $177M | $146M | $149M | $165M | $204M | $171M | $178M | $164M | $141M | $142M | |
| Interest Expense | · | · | · | · | · | · | · | $14M | $13M | $12M | · | $13M | $13M | $14M | $9M | $9M | |
| Interest Income | $2M | $1M | $1M | $2M | $2M | $2M | $3M | $2M | $2M | $3M | $3M | $2M | $814.0K | $854.0K | $627.0K | $376.0K | |
| Other Non-op | $-241.0K | $570.0K | $2M | $3M | $4M | $444.0K | $7M | $-2M | $-2M | $2M | $4M | $801.0K | $7M | $4M | $3M | $4M | |
| Pretax Income | $208M | $173M | $173M | $166M | $184M | $153M | $167M | $132M | $137M | $159M | $197M | $161M | $173M | $155M | $136M | $137M | |
| Income Tax | $49M | $37M | $37M | $43M | $40M | $35M | $27M | $31M | $35M | $35M | $40M | $32M | $36M | $33M | $27M | $28M | |
| Net Income | $159M | $136M | $136M | $123M | $143M | $118M | $140M | $101M | $102M | $123M | $157M | $129M | $137M | $122M | $109M | $109M | |
| EPS (Basic) | $2.90 | $2.49 | $2.47 | $2.23 | $2.58 | $2.11 | $2.49 | $1.78 | $1.79 | $2.17 | $2.73 | $2.26 | $2.39 | $2.12 | $1.90 | $1.89 | |
| EPS (Diluted) | $2.88 | $2.47 | $2.45 | $2.21 | $2.56 | $2.10 | $2.47 | $1.77 | $1.77 | $2.14 | $2.70 | $2.22 | $2.36 | $2.09 | $1.86 | $1.87 | |
| Shares (Basic) | 54,662,000 | 54,822,000 | · | 55,097,000 | 55,545,000 | 56,058,000 | · | 56,565,000 | 56,816,000 | 56,865,000 | · | 57,320,000 | 57,479,000 | 57,596,000 | · | 57,823,000 | |
| Shares (Diluted) | 55,102,000 | 55,317,000 | · | 55,574,000 | 55,968,000 | 56,527,000 | · | 57,066,000 | 57,366,000 | 57,641,000 | · | 58,136,000 | 58,303,000 | 58,417,000 | · | 58,526,000 | |
| EBITDA | $247M | $212M | · | $201M | $217M | $189M | · | $146M | $149M | $187M | · | $171M | $178M | $186M | · | $142M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $242M | $299M | $309M | $293M | $299M | $395M | $377M | $404M | $273M | $375M | · | $343M | $220M | $199M | · | $141M | |
| Receivables | $586M | $598M | $539M | $502M | $554M | $523M | $482M | $517M | $549M | $545M | · | $538M | $570M | $573M | · | $463M | |
| Inventory | $691M | $694M | $633M | $672M | $621M | $574M | $544M | $612M | $583M | $567M | · | $612M | $675M | $665M | · | $632M | |
| Other Current Assets | $241M | $272M | $259M | $314M | $250M | $238M | $242M | $223M | $208M | $193M | · | $180M | $181M | $174M | · | $159M | |
| Current Assets | $1.76B | $1.86B | $1.74B | $1.78B | $1.73B | $1.73B | $1.65B | $1.76B | $1.61B | $1.68B | · | $1.67B | $1.65B | $1.61B | · | $1.40B | |
| PP&E (Net) | $732M | $721M | $703M | $677M | $661M | $636M | $619M | $624M | $584M | $582M | $575M | $566M | $563M | $553M | $545M | $490M | |
| PP&E (Gross) | · | · | $1.65B | · | · | · | $1.48B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $966M | $954M | $943M | $928M | $918M | $885M | $866M | $882M | $879M | $885M | · | $920M | $930M | $912M | · | $864M | |
| Goodwill | $885M | $886M | $887M | $888M | $829M | $814M | $805M | $819M | $792M | $690M | $694M | $687M | $692M | $679M | $665M | $425M | |
| Intangibles | · | · | $250M | · | · | · | $221M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $436M | $430M | $151M | $470M | $512M | $446M | $152M | $464M | $426M | $428M | · | $401M | $409M | $410M | · | $342M | |
| Total Assets | $3.81B | $3.90B | $3.78B | $3.82B | $3.73B | $3.63B | $3.52B | $3.66B | $3.42B | $3.38B | · | $3.33B | $3.31B | $3.25B | $3.18B | $2.65B | |
| Accounts Payable | $447M | $448M | $365M | $399M | $376M | $365M | $297M | $324M | $351M | $328M | · | $328M | $358M | $361M | · | $330M | |
| Current Liabilities | $888M | $1.02B | $957M | $1.04B | $1.03B | $970M | $879M | $951M | $784M | $749M | · | $808M | $811M | $836M | · | $820M | |
| Capital Leases | $38M | $38M | $40M | $42M | $41M | $39M | $42M | $46M | $43M | $41M | · | $42M | $43M | $37M | · | $37M | |
| Deferred Tax | · | · | $52M | · | · | · | $10M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $221M | $219M | $149M | $211M | $172M | $165M | $153M | $223M | $220M | $220M | · | $189M | $195M | $181M | · | $196M | |
| Total Liabilities | $2.26B | $2.39B | $2.31B | $2.40B | $2.35B | $2.28B | $2.19B | $2.33B | $2.10B | $2.07B | · | $2.10B | $2.11B | $2.13B | · | $1.73B | |
| Long-term Debt | · | · | $1.15B | $1.15B | $1.25B | $1.25B | $1.25B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $1.15B | $1.15B | · | $1.15B | $1.25B | $1.25B | · | $1.15B | $1.10B | $1.10B | · | $1.10B | $1.10B | $1.11B | · | $711M | |
| Common Stock | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | · | $10M | $10M | $10M | · | $10M | |
| Retained Earnings | $4.55B | $4.44B | $4.34B | $4.25B | $4.17B | $4.07B | $3.99B | $3.89B | $3.83B | $3.77B | · | $3.58B | $3.48B | $3.39B | · | $3.24B | |
| Treasury Stock | $3.41B | $3.33B | $3.28B | $3.23B | $3.17B | $3.05B | $2.94B | $2.89B | $2.84B | $2.79B | · | $2.62B | $2.57B | $2.52B | · | $2.46B | |
| AOCI | $-213M | $-214M | $-206M | $-212M | $-211M | $-271M | $-300M | $-236M | $-250M | $-239M | · | $-266M | $-236M | $-251M | · | $-329M | |
| Stockholders' Equity | $1.55B | $1.51B | $1.47B | $1.41B | $1.38B | $1.34B | $1.33B | $1.34B | $1.31B | $1.31B | $1.31B | $1.23B | $1.20B | $1.13B | $1.03B | $924M | |
| Liabilities + Equity | $3.81B | $3.90B | $3.78B | $3.82B | $3.73B | $3.63B | $3.52B | $3.66B | $3.42B | $3.38B | · | $3.33B | $3.31B | $3.25B | · | $2.65B | |
| Shares Outstanding | 54,505,757 | 54,787,110 | 54,845,950 | 55,026,176 | 55,186,252 | 55,826,284 | 56,211,219 | 56,425,000 | 56,675,000 | 56,908,000 | 56,977,000 | 57,201,000 | 57,413,000 | 57,573,000 | 57,624,000 | 57,738,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $26M | $26M | $26M | $25M | $24M | $24M | $23M | $23M | $21M | $22M | $22M | $21M | $22M | $21M | $19M | $19M | |
| Stock-based Comp | $5M | $10M | $4M | $4M | $4M | $8M | $5M | $1M | $4M | $14M | $4M | $6M | $5M | $12M | $4M | $5M | |
| Restructuring | $3M | $2M | $6M | $5M | $2M | $4M | $10M | $18M | $3M | $5M | · | $7M | $2M | $877.0K | · | $680.0K | |
| Other Non-cash | · | $-70M | · | · | · | $35M | · | · | · | $-26M | · | · | · | $-31M | · | · | |
| Operating Cash Flow | $254M | $102M | $95M | $237M | $144M | $186M | $96M | $199M | $171M | $133M | $122M | $223M | $199M | $124M | $112M | $130M | |
| CapEx | $31M | $39M | $43M | $32M | $25M | $27M | $31M | $36M | $23M | $26M | $25M | $26M | $22M | $19M | $20M | $18M | |
| Investing Cash Flow | $-30M | $-39M | $-43M | $-135M | $-57M | $-22M | $-26M | $-135M | $-175M | $-26M | $26M | $-25M | $-60M | $-16M | $-432M | $-17M | |
| Debt Issued | · | · | $0 | $0 | · | · | $0 | $150M | · | · | $0 | $0 | · | · | · | · | |
| Net Debt Issued | · | $0 | · | · | · | $-169.0K | · | · | · | $-169.0K | · | · | · | · | · | · | |
| Stock Repurchased | $76M | $57M | $52M | $53M | $127M | $107M | $53M | $50M | $50M | $110M | $68M | $45M | $53M | $32M | $25M | $27M | |
| Net Stock Activity | · | $-57M | · | · | · | $-107M | · | · | · | $-110M | · | · | · | $-32M | · | · | |
| Dividends Paid | $43M | $44M | $42M | $42M | $42M | $43M | $40M | $40M | $40M | $41M | $37M | $37M | $37M | $38M | $32M | $32M | |
| Financing Cash Flow | $-283M | $-73M | $-36M | $-108M | $-173M | $-144M | $-92M | $66M | $-93M | $-125M | $-101M | $-84M | $-116M | $-111M | $371M | $-115M | |
| Net Change in Cash | $-56M | $-10M | $16M | $-6M | $-95M | $17M | $-27M | $132M | $-102M | $-19M | $51M | $122M | $22M | $2M | $56M | $-11M | |
| Free Cash Flow | · | $63M | · | · | · | $159M | · | · | · | $107M | · | · | · | $105M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $98M | · | · | · | $94M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 35.6% | · | 36.7% | 37.2% | 36.4% | · | 35.8% | 37.6% | 37.5% | · | 35.4% | 35.2% | 34.2% | · | 33.1% | |
| Operating Margin | 18.1% | 16.6% | · | 16.7% | 17.6% | 16.4% | · | 14.8% | 14.6% | 16.8% | · | 16.6% | 16.8% | 15.8% | · | 15.2% | |
| Net Margin | 13.0% | 12.2% | · | 11.6% | 13.2% | 11.8% | · | 10.2% | 10.0% | 12.6% | · | 12.5% | 13.0% | 11.7% | · | 11.7% | |
| Pretax Margin | 17.0% | 15.5% | · | 15.6% | 16.9% | 15.3% | · | 13.4% | 13.4% | 16.2% | · | 15.6% | 16.3% | 14.9% | · | 14.7% | |
| EBITDA Margin | 20.2% | 18.9% | · | 19.0% | 19.9% | 18.8% | · | 14.8% | 14.6% | 19.0% | · | 16.6% | 16.8% | 17.9% | · | 15.2% | |
| ROA | 4.2% | 3.6% | · | 3.3% | 4.0% | 3.4% | · | 2.9% | 3.0% | 3.7% | · | 4.3% | 4.5% | 4.1% | · | 4.2% | |
| ROE | 10.8% | 9.6% | · | 8.9% | 10.7% | 8.9% | · | 7.9% | 8.1% | 10.1% | · | 12.0% | 13.0% | 12.3% | · | 12.3% | |
| ROIC | 6.2% | 5.5% | · | 5.1% | 5.7% | 4.9% | · | 4.5% | 4.6% | 5.3% | · | 5.9% | 6.1% | 5.8% | · | 6.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 1.8 | · | 1.7 | 1.7 | 1.8 | · | 1.8 | 2.1 | 2.2 | · | 2.1 | 2.0 | 1.9 | · | 1.7 | |
| Quick Ratio | 0.9 | 0.9 | · | 0.8 | 0.8 | 0.9 | · | 1.0 | 1.0 | 1.2 | · | 1.1 | 1.0 | 0.9 | · | 0.7 | |
| Debt / Equity | 0.7 | 0.8 | · | 0.8 | 0.9 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | 0.9 | 1.0 | · | 0.8 | |
| LT Debt / Equity | 0.7 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | 0.9 | 1.0 | · | 0.8 | |
| Interest Coverage | · | · | · | · | · | · | · | 10.3 | 11.8 | 13.8 | · | 13.5 | 14.2 | 11.7 | · | 16.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.4 | 0.3 | · | 0.4 | |
| Inventory Turnover | 1.2 | 1.1 | · | 1.0 | 1.1 | 1.1 | · | 1.0 | 1.0 | 1.0 | · | 1.1 | 1.0 | 1.1 | · | 1.1 | |
| Receivables Turnover | 2.1 | 2.0 | · | 2.1 | 2.0 | 1.9 | · | 1.9 | 1.8 | 1.8 | · | 2.1 | 1.9 | 1.9 | · | 2.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $28.51 | $27.58 | · | $25.71 | $25.00 | $24.01 | · | $23.73 | $23.17 | $22.98 | · | $21.43 | $20.93 | $19.55 | · | $16.01 | |
| Revenue / Share | $22.13 | $20.27 | · | $19.10 | $19.45 | $17.77 | · | $17.24 | $17.81 | $17.02 | · | $17.77 | $18.19 | $17.79 | · | $15.98 | |
| Cash Flow / Share | · | $1.85 | · | · | · | $3.29 | · | · | · | $2.31 | · | · | · | $2.12 | · | · | |
| Cash / Share | $4.45 | $5.46 | · | $5.32 | $5.43 | $7.07 | · | $7.16 | $4.81 | $6.59 | · | $5.99 | $3.84 | $3.45 | · | $2.45 | |
| Dividend / Share | $0.79 | $0.79 | $0.79 | $0.75 | $0.75 | $0.75 | $0.75 | $0.71 | $0.71 | $0.71 | $0.71 | $0.64 | $0.64 | $0.64 | $0.64 | $0.56 | |
| EPS (TTM) | $10.01 | $9.69 | · | $9.34 | $8.90 | $8.11 | · | $8.38 | $8.83 | $9.42 | · | $8.53 | $8.18 | $8.00 | · | $7.42 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.48B | $4.35B | · | $4.18B | $4.10B | $4.03B | · | $4.05B | $4.09B | $4.13B | · | $4.06B | $3.97B | $3.88B | · | $3.67B | |
| Net Income TTM | $554M | $538M | · | $525M | $503M | $461M | · | $483M | $511M | $547M | · | $498M | $478M | $468M | · | $438M | |
| Market Cap | $14.47B | $13.65B | · | $12.98B | $11.44B | $10.56B | · | $10.83B | $10.69B | $14.54B | · | $10.40B | $11.40B | $9.74B | · | $7.26B | |
| Enterprise Value | $15.38B | $14.50B | · | $13.83B | $12.39B | $11.42B | · | $11.58B | $11.52B | $15.26B | · | $11.16B | $12.29B | $10.65B | · | $7.83B | |
| P/E | 26.5 | 25.7 | · | 25.2 | 23.3 | 23.3 | · | 22.9 | 21.4 | 27.1 | · | 21.3 | 24.3 | 21.1 | · | 16.9 | |
| P/S | 3.2 | 3.1 | · | 3.1 | 2.8 | 2.6 | · | 2.7 | 2.6 | 3.5 | · | 2.6 | 2.9 | 2.5 | · | 2.0 | |
| P/B | 9.3 | 9.0 | · | 9.2 | 8.3 | 7.9 | · | 8.1 | 8.1 | 11.1 | · | 8.5 | 9.5 | 8.7 | · | 7.9 | |
| P / Tangible Book | 21.6 | 21.8 | · | 24.6 | 20.8 | 20.1 | · | 20.8 | 20.5 | 23.5 | · | 19.3 | 22.4 | 21.8 | · | 14.5 | |
| P / Cash Flow | · | 133.6 | · | · | · | 56.9 | · | · | · | 109.1 | · | · | · | 78.6 | · | · | |
| EV / Revenue | 3.4 | 3.3 | · | 3.3 | 3.0 | 2.8 | · | 2.9 | 2.8 | 3.7 | · | 2.7 | 3.1 | 2.7 | · | 2.1 | |
| Dividend Yield | 1.2% | 1.2% | · | 1.3% | 1.5% | 1.6% | · | 1.5% | 1.5% | 1.0% | · | 1.4% | 1.2% | 1.4% | · | 1.8% | |
| Earnings Yield | 3.8% | 3.9% | · | 4.0% | 4.3% | 4.3% | · | 4.4% | 4.7% | 3.7% | · | 4.7% | 4.1% | 4.7% | · | 5.9% | |
| Payout Ratio | · | 32.3% | · | · | · | 36.3% | · | · | · | 33.5% | · | · | · | 30.8% | · | · | |
| Annual Payout | $171M | $169M | · | $167M | $165M | $164M | · | $159M | $155M | $152M | · | $144M | $139M | $135M | · | $129M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Revenue | $4.23B | $4.01B | · | · | $4.19B |
| Gross Margin % | 36.2% | 36.7% | · | · | 35.0% |
| Operating Margin % | 17.0% | 15.9% | · | · | 17.1% |
| Net Income | $521M | $466M | · | · | $545M |
| Diluted EPS | $9.32 | $8.15 | · | · | $9.37 |
| Metric | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.8 | 0.9 | · | · | 0.8 |
| Current Ratio | 1.8 | 1.9 | · | · | 2.2 |
| Quick Ratio | 0.9 | 1.0 | · | · | 1.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $534M | $482M | · | · | $577M |
Institutional owners (13F) 741 filers · $12.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 72 (-33 vs prior Q) | 51 (-7 vs prior Q) | 219 (-21 vs prior Q) | 269 (+40 vs prior Q) | -748K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,431,180,905 | 5,390,309 | 11.24% | Shares |
| VANGUARD GROUP INC | $1,273,852,192 | 5,315,691 | 10.00% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $680,935,708 | 2,564,633 | 5.35% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $657,720,841 | 2,477,198 | 5.16% | Shares |
| STATE STREET CORP | $600,471,901 | 2,254,978 | 4.71% | Shares |
| NORGES BANK | $458,934,566 | 1,728,502 | 3.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $384,077,488 | 1,446,305 | 3.02% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $348,725,878 | 1,313,419 | 2.74% | Shares |
| Invesco Ltd. | $348,458,837 | 1,312,413 | 2.74% | Shares |
| JPMORGAN CHASE & CO | $275,878,476 | 1,041,849 | 2.17% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $244,384,270 | 922,170 | 1.92% | Shares |
| Boston Partners | $219,046,725 | 825,118 | 1.72% | Shares |
| GOLDMAN SACHS GROUP INC | $185,084,721 | 697,091 | 1.45% | Shares |
| Pictet Asset Management Holding SA | $174,980,620 | 659,040 | 1.37% | Shares |
| Park Edge Advisors, LLC | $167,575,043 | 631,144 | 1.32% | Shares |
| KEYBANK NATIONAL ASSOCIATION/OH | $141,252,922 | 532,006 | 1.11% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $134,576,930 | 506,862 | 1.06% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $133,880,337 | 504,250 | 1.05% | Shares |
| NORTHERN TRUST CORP | $123,591,720 | 465,488 | 0.97% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $116,602,115 | 439,166 | 0.92% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $114,350,112 | 430,681 | 0.90% | Shares |
| Fisher Asset Management, LLC | $110,303,325 | 415,439 | 0.87% | Shares |
| Bank of New York Mellon Corp | $108,330,179 | 408,008 | 0.85% | Shares |
| STIFEL FINANCIAL CORP | $106,354,783 | 400,563 | 0.84% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $100,891,278 | 379,991 | 0.79% | Shares |
| FIL Ltd | $98,828,929 | 372,223 | 0.78% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $98,359,000 | 370,452 | 0.77% | Shares |
| MORGAN STANLEY | $98,258,833 | 370,074 | 0.77% | Shares |
| SATURNA CAPITAL CORP | $97,704,300 | 373,899 | 0.77% | Shares |
| Freestone Grove Partners LP | $95,729,365 | 360,549 | 0.75% | Shares |
| CITADEL ADVISORS LLC | $93,238,350 | 351,167 | 0.73% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $92,439,696 | 348,159 | 0.73% | Shares |
| Qube Research & Technologies Ltd | $91,874,160 | 346,029 | 0.72% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $79,931,176 | 301,046 | 0.63% | Shares |
| AMERICAN CENTURY COMPANIES INC | $79,210,926 | 298,335 | 0.62% | Shares |
| Boston Trust Walden Corp | $78,487,668 | 295,611 | 0.62% | Shares |
| Cartenna Capital, LP | $78,325,450 | 295,000 | 0.62% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $68,886,061 | 259,457 | 0.54% | Shares |
| Quantinno Capital Management LP | $60,422,355 | 227,570 | 0.47% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $59,251,259 | 224,982 | 0.47% | Shares |
| RAYMOND JAMES FINANCIAL INC | $56,706,580 | 213,576 | 0.45% | Shares |
| Welch & Forbes LLC | $55,469,886 | 208,918 | 0.44% | Shares |
| Birch Hill Investment Advisors LLC | $53,817,549 | 202,695 | 0.42% | Shares |
| Merewether Investment Management, LP | $50,267,946 | 189,326 | 0.39% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $49,736,129 | 187,323 | 0.39% | Shares |
| Nuveen, LLC | $48,375,850 | 182,200 | 0.38% | Shares |
| JANUS HENDERSON GROUP PLC | $47,416,114 | 190,355 | 0.37% | Shares |
| Fiera Capital Corp | $47,050,762 | 177,209 | 0.37% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $45,310,220 | 170,654 | 0.36% | Shares |
| FIRST TRUST ADVISORS LP | $42,923,617 | 161,665 | 0.34% | Shares |
Company insiders 53 insiders · 29 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Steven B Hedlund | CHAIRMAN, PRESIDENT & CEO | Aug. 21, 2026 F | 63,483 | 0 | 0 | $0 |
| Raymond S Vogt | Sr. V.P. and Asst. to CEO | April 19, 2004 M | 0 | 0 | 0 | $0 |
| Gabriel Bruno | EVP, CFO & TREASURER | March 2, 2026 M | 29,920 | 0 | 3 | $-5,002,272 |
| Vincent K Petrella | Executive V.P, CFO & Treasurer | March 4, 2020 F | 70,888 | 0 | 0 | $0 |
| Jay H Elliott | Sr. V.P., CFO & Treasurer | Dec. 1, 2003 M | 10,000 | 0 | 0 | $0 |
| Kevin J. Whaley | EVP, Pres, Global Automation | July 23, 2026 F | 2,640 | 0 | 0 | $0 |
| Michael J Whitehead | EVP, PRESIDENT, AMERICAS WELD | June 16, 2026 S | 9,319 | 0 | 1 | $-232,214 |
| Gregory Doria | EVP, PRES INTERNATIONAL | May 1, 2026 F | 5,424 | 0 | 0 | $0 |
| Lisa Dietrich | EVP, CDIO | March 2, 2026 F | 3,658 | 0 | 0 | $0 |
| Jennifer I Ansberry | EVP, GENERAL COUNSEL & SECY | March 2, 2026 F | 20,266 | 0 | 3 | $-3,078,280 |
| Susan C Edwards | EVP, CHRO | Feb. 18, 2026 A | 1,868 | 0 | 0 | $0 |
| Peter M. Pletcher | SVP, PRES. AMERICAS WELDING | Feb. 14, 2025 F | 5,615 | 0 | 0 | $0 |
| Michele R Kuhrt | EVP, CTO | Feb. 14, 2025 F | 18,306 | 0 | 0 | $0 |
| Christopher L Mapes | EXECUTIVE CHAIRMAN | March 14, 2024 A | 107,267 | 0 | 0 | $0 |
| Geoffrey P Allman | SVP, STRATEGY & BUSINESS DEVEL | March 1, 2024 F | 10,277 | 0 | 0 | $0 |
| Michael Mintun | SVP, Sales, Americas Welding | March 4, 2021 F | 3,110 | 0 | 0 | $0 |
| Douglas S Lance | SVP, Pres, North America Weld | March 4, 2021 A | 8,627 | 0 | 0 | $0 |
| David J Nangle | EVP; Pres Harris Products Gr. | March 4, 2021 F | 7,747 | 0 | 0 | $0 |
| Thomas A Flohn | SVP; Pres, Intern'l Welding | March 4, 2021 F | 25,796 | 0 | 0 | $0 |
| George D Blankenship | Ex.VP; Pres., Americas Welding | March 4, 2020 A | 60,535 | 0 | 0 | $0 |
| Mathias Hallmann | SVP, Pres.,Int'l Welding | Feb. 22, 2017 A | 11,550 | 0 | 0 | $0 |
| Frederick G Stueber | Ex. VP, General Counsel & Secy | Feb. 17, 2017 M | 20,745 | 0 | 0 | $0 |
| Gretchen A Farrell | Ex. VP., Chief H.R. Officer | March 3, 2015 F | 15,884 | 0 | 0 | $0 |
| John M Stropki | Executive Chairman | Dec. 16, 2013 M | 169,011 | 0 | 0 | $0 |
| David M Leblanc | Sr. VP; President, LE Int'l | March 5, 2013 M | 34,103 | 0 | 0 | $0 |
| Robert K Gudbranson | VP Strat Planning/Acq | Nov. 28, 2007 A | 1,570 | 0 | 0 | $0 |
| Ralph C Fernandez | VP; Pres. (Lat. Am.) | May 2, 2007 M | 4,530 | 0 | 0 | $0 |
| James E Schilling | Sr. V.P. Corporate Development | Feb. 23, 2006 M | 4,040 | 0 | 0 | $0 |
| Anthony A Massaro | Chairman | July 22, 2004 M | 33,954 | 0 | 0 | $0 |
| Bonnie J Fetch | Director | April 17, 2026 A | 2,707 | 0 | 0 | $0 |
| Purushotam Patel Benny | Director | April 17, 2026 A | 8,567 | 0 | 0 | $0 |
| Patrick P. Goris | Director | April 17, 2026 A | 9,176 | 0 | 0 | $0 |
| Marc A Howze | Director | April 17, 2026 A | 2,550 | 0 | 0 | $0 |
| Nancy Joy Falotico | Director | April 17, 2026 A | 1,523 | 0 | 0 | $0 |
| Kathryn Jo Lincoln | Director | April 17, 2026 A | 34,770 | 0 | 0 | $0 |
| Kellye L. Walker | Director | Dec. 11, 2024 A | 4,858 | 0 | 0 | $0 |
| Hellene S Runtagh | Director | Dec. 12, 2023 G | 29,735 | 0 | 0 | $0 |
| Stephen G Hanks | Director | Dec. 9, 2021 A | 27,198 | 0 | 0 | $0 |
| Russell G Lincoln | Director | Dec. 9, 2021 A | 219,065 | 0 | 0 | $0 |
| William E Macdonald III | Director | Dec. 9, 2021 A | 15,450 | 0 | 0 | $0 |
| George H Walls JR | Director | Dec. 14, 2017 A | 44,867 | 0 | 0 | $0 |
| David H Gunning | Director | Dec. 14, 2017 A | 10,537 | 0 | 0 | $0 |
| Robert J Knoll | Director | Feb. 26, 2015 S | 17,767 | 0 | 0 | $0 |
| Harold L Adams | Director | Dec. 15, 2014 A | 19,529 | 0 | 0 | $0 |
| Ranko Cucoz | Director | March 13, 2006 M | 0 | 0 | 0 | $0 |
| Paul Edward Lego | Director | Nov. 30, 2004 A | 9,559 | 0 | 0 | $0 |
| Harry Carlson | Director | April 23, 2004 S | 35,954 | 0 | 0 | $0 |
| Frank L Steingass | Director | Nov. 28, 2003 A | 354,179 | 0 | 0 | $0 |
| Henry L Meyer III | Director | Nov. 28, 2003 A | · | 0 | 0 | $0 |
| Michael F Hilton | · | April 17, 2026 A | 13,880 | 0 | 0 | $0 |
| Brian Chambers | · | April 17, 2026 A | 4,351 | 0 | 0 | $0 |
| Curtis E Espeland | · | April 17, 2026 A | 19,110 | 0 | 0 | $0 |
| Phillip J Mason | · | Dec. 10, 2025 A | 8,802 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 83 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CSMD · Professionally Managed Portfolios | 2.14% | 37,261 NS | July 31, 2026 | N-PORT |
| XMHQ · Invesco Exchange-Traded Fund Trust | 2.12% | 424,406 SH | Oct. 2, 2026 | Daily |
| PRNT · ARK ETF Trust | 1.90% | 4,265 NS | July 31, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 1.57% | 64 NS | July 31, 2026 | N-PORT |
| LCLG · Advisors Series Trust | 1.34% | 5,526 NS | July 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.78% | 5,845 SH | Oct. 2, 2026 | Daily |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.74% | 32,209 SH | Oct. 2, 2026 | Daily |
| MADE · iShares Trust | 0.66% | 1,562 SH | Sept. 11, 2026 | Daily |
| PAMC · Pacer Funds Trust | 0.59% | 1,205 NS | July 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.52% | 36,760 SH | Aug. 19, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.49% | 7,538 SH | Oct. 2, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.47% | 10,371 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.45% | 17,402 SH | Sept. 11, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.44% | 12,522 NS | July 31, 2026 | N-PORT |
| BULD · Pacer Funds Trust | 0.43% | 242 NS | July 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.40% | 6,020 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.40% | 725,735 SH | Aug. 19, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.40% | 88,499 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.37% | 9,053 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.36% | 6,329 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 24,034 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.31% | 805 NS | July 31, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 0.28% | 930 NS | July 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.27% | 15,054 SH | Aug. 19, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.24% | 4,353 SH | Aug. 19, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.23% | 22,500 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.21% | 2,016 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 66,339 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.20% | 17,540 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.20% | 21,841 SH | Sept. 11, 2026 | Daily |
| SMDX · Tidal Trust III | 0.19% | 965 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.19% | 64,938 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.19% | 28,461 SH | Sept. 11, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.18% | 8,627 SH | Oct. 2, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.17% | 1,256,439 SH | Aug. 19, 2026 | Daily |
| IYJ · iShares Trust | 0.17% | 12,640 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.16% | 628,776 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.15% | 7,760 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.14% | 3,112 NS | July 31, 2026 | N-PORT |
| XT · iShares Trust | 0.13% | 19,790 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.12% | 3,300 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.10% | 61,001 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.10% | 218,307 SH | Sept. 11, 2026 | Daily |
| IWP · iShares Trust | 0.09% | 70,789 SH | Sept. 11, 2026 | Daily |
| LRND · New York Life Investments ETF Trust | 0.08% | 1,237 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.07% | 5,561 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.06% | 309,515 SH | Aug. 19, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.05% | 1,560 SH | Oct. 2, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.05% | 91,362 NS | July 31, 2026 | N-PORT |
| DUHP · Dimensional ETF Trust | 0.05% | 22,385 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 1,400 SH | Oct. 2, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.04% | 6,734 SH | Oct. 2, 2026 | Daily |
| DSI · iShares Trust | 0.04% | 8,142 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.04% | 783 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.04% | 61,767 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.03% | 4,101 NS | July 31, 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 24,557 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.03% | 14,253 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.03% | 90,306 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.03% | 2,354 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.02% | 32,500 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 2,054 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.02% | 16,465 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 7,461 SH | Oct. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 1,739,965 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 8,788 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 4,485 SH | Aug. 19, 2026 | Daily |
| IYY · iShares Trust | 0.02% | 2,362 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 15,328 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 36,664 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.02% | 71,571 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.01% | 15,693 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.01% | 249 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 48,464 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 19,806 SH | Aug. 19, 2026 | Daily |
| IWF · iShares Trust | 0.01% | 47,331 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 1,984 NS | July 31, 2026 | N-PORT |
| IJH · iShares Trust | · | 1,922,585 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 216,057 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 89,395 SH | Aug. 25, 2026 | Daily |
| XJH · iShares Trust | · | 7,484 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 2,462 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 9,408 SH | Sept. 11, 2026 | Daily |
LECO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
11 analysts · 2026-10-04Mean target $304.91 +10.9%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LECO | $13.14B | 25.7 | 5.6% | 12.3% | 36.5% | 36.2% |
| NDSN | $12.97B | 27.3 | 3.8% | 17.3% | 16.1% | · |
| ITT | · | 28.4 | 8.5% | 12.4% | 14.2% | 35.4% |
| IEX | $16.03B | 27.8 | 5.8% | 14.0% | 12.3% | 44.5% |
| FTV | $17.30B | 31.9 | 1.9% | 13.9% | 7.0% | 63.5% |
| RBC | $17.42B | 58.6 | 14.3% | 15.4% | 8.8% | 44.4% |
| MLI | $13.13B | 17.2 | 10.9% | 18.3% | 25.6% | · |
| SWK | $11.86B | 28.9 | -1.5% | 2.7% | 4.4% | · |
| GGG | $13.77B | 27.1 | 5.8% | 23.3% | 20.2% | 52.4% |
| CR | $10.62B | 29.5 | 8.2% | 15.9% | 19.8% | · |
| WTS | · | 27.1 | 8.3% | 14.0% | 17.4% | 49.5% |
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