IR vs ITW vs LECO Stock Comparison

Ingersoll Rand, Illinois Tool Works and Lincoln Electric Holdings Prices as of Oct 28, 2026 Peers: Industry group
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IR Ingersoll Rand Inc.
$75.50 -1.2% 1M -4.2% 1Y
Market cap
$31.05B
P/E
32.4x
Revenue (TTM)
$7.94B
Div. yield
0.00%
Pumps and Valves Industrials
2 wins
ITW Illinois Tool Works Inc
$276.03 +0.8% 1M +12.3% 1Y
Market cap
$80.03B
P/E
24.8x
Revenue (TTM)
$16.65B
Div. yield
0.02%
Industrial Machinery Industrials
6 wins

Head to Head

12 decided of 12

Illinois Tool Works leads on 6 of the 12 questions below (Illinois Tool Works 6, Lincoln Electric Holdings 4, Ingersoll Rand 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIRITWLECOLeader
Larger companyMarket capitalisation $31.05B $80.03B $15.54B ITW
Cheaper on earningsLower P/E, profitable companies only 32.4x 24.8x 27.0x ITW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.5x 25.9x 24.1x IR
Faster revenue growthRevenue growth, trailing twelve months +7.8% +4.8% +11.1% LECO
More profitableNet margin, trailing twelve months 12.1% 19.4% 12.4% ITW
Better return on capitalReturn on invested capital 7.6% 27.1% 22.6% ITW
Less leveragedLower net debt / EBITDA 1.8x 1.8x 1.0x LECO
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.01% ITW
Better 1-year returnPrice return, last 12 months -4.2% +12.3% +16.6% LECO
Better 5-year returnAnnualised price return, 5 years +7.0%/yr +3.9%/yr +14.5%/yr LECO
Less volatileAnnualised volatility, 1 year 33.0% 21.2% 30.8% ITW
Higher overall scoreMean of the five percentile scores vs peers 59/100 50/100 55/100 IR

Percentile Scorecard

IRITWLECO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIRITWLECO
Valuation 44 #114 of 203 29 #145 of 203 36 #130 of 203
Growth 72 #54 of 188 34 #124 of 188 43 #107 of 188
Profitability 72 #53 of 184 100 #2 of 184 95 #11 of 184
Financial Health 51 #107 of 217 26 #160 of 217 45 #119 of 217
Shareholder Returns 57 #67 of 153 62 #59 of 153 57 #66 of 153
Overall 59 50 55
  • IR ranked among 222 companies in Machinery
  • ITW ranked among 222 companies in Machinery
  • LECO ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIRITWLECOSPY
1 month -1.2%+0.8%+3.5% +0.9%
3 months -10.8%-5.6%+8.8% +5.9%
6 months -2.5%+3.9%+9.0% +8.5%
Year to date -4.7%+12.1%+17.1% +13.3%
1 year -4.2%+12.3%+16.6% +12.4%
3 years +27.1%+23.6%+62.5% +88.1%
3 years, per year +8.3%+7.3%+17.6% +23.5%
5 years +40.4%+21.1%+97.0% +68.2%
5 years, per year +7.0%+3.9%+14.5% +11.0%
10 years —+142.5%+328.4% +263.4%
10 years, per year —+9.3%+15.7% +13.8%

Risk

MeasureIRITWLECOSPY
Volatility, 1Y 33.0%21.2%30.8% 12.7%
Downside volatility, 1Y 31.4%20.8%31.2% 12.7%
Beta vs S&P 500, 1Y 1.230.471.18 1.00
Return / volatility, 1Y -0.130.580.54 0.98
Max drawdown, 5Y -36.6%-28.9%-35.3% -25.4%
From 52-week high -23.6%-7.9%-6.1% -0.9%
52-week high $98.76$299.60$298.88 $779.14
52-week low $68.54$241.07$220.64 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIRITWLECO
P/E now vs peer median 30.7xmedian 25.4x 24.3xmedian 25.4x 26.5xmedian 25.4x
P/S now vs peer median 3.7xmedian 1.9x 4.7xmedian 1.9x 3.3xmedian 1.9x
EV/EBITDA now vs peer median 16.7xmedian 14.3x 18.0xmedian 14.3x 17.7xmedian 14.3x
P/FCF now vs peer median 24.0xmedian 21.8x 27.4xmedian 21.8x 29.7xmedian 21.8x
P/B now vs peer median 2.9xmedian 2.2x 25.0xmedian 2.2x 9.8xmedian 2.2x
PEG now vs peer median 2.47median 1.41 8.41median 1.41 3.80median 1.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIRITWLECO
Revenue $7.94B $16.65B $4.64B
Gross profit $3.40B $7.38B $1.65B
Operating income $1.44B $4.43B $802.52M
Net income $966.00M $3.23B $575.27M
Free cash flow $1.22B $2.87B $511.89M
EPS (diluted) $2.45 $11.31 $10.48
Cash & equivalents $1.17B $809.00M $283.24M
Total debt $4.77B $9.37B $1.15B
Shares (diluted) 391.90M 285.30M 54.87M
Enterprise value $26.17B $76.70B $14.40B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIRITWLECO
P/E 30.7x 24.3x 26.5x
P/FCF 24.0x 27.4x 29.7x
P/Operating cash flow 21.7x 24.0x 22.8x
P/S 3.7x 4.7x 3.3x
P/B 2.9x 25.0x 9.8x
P/Tangible book 4.7x 30.2x 9.8x
EV/EBITDA 16.7x 18.0x 17.7x
EV/EBIT 22.9x 19.6x 20.0x
EV/Revenue 4.1x 5.2x 3.5x
EV/FCF 27.0x 30.3x 31.4x
EV/Operating cash flow 24.4x 26.7x 24.1x
PEG (3Y EPS CAGR) 2.47 8.41 3.80

Growth

14 metrics
MetricIRITWLECO
Revenue growth (1Y) 7.8% 4.8% 11.1%
Revenue CAGR (3Y) 7.2% 1.1% 4.5%
Gross profit growth (1Y) 5.6% 5.7% 7.7%
Gross profit CAGR (3Y) 9.5% 2.8% 5.5%
Operating income growth (1Y) 28.9% 6.4% 12.9%
Operating income CAGR (3Y) 13.7% 3.1% 7.0%
Net income growth (1Y) 82.8% 6.7% 9.6%
Net income CAGR (3Y) 10.9% 0.9% 4.9%
EPS growth (1Y) 87.6% 9.1% 11.0%
EPS CAGR (3Y) 12.4% 2.9% 7.0%
Operating cash flow growth (1Y) -5.8% -0.5% 0.7%
Operating cash flow CAGR (3Y) 9.5% -0.5% 0.5%
Free cash flow growth (1Y) -6.1% 0.8% -6.3%
Free cash flow CAGR (3Y) 9.6% 0.4% -3.6%

Profitability

14 metrics
MetricIRITWLECO
Gross margin 42.8% 44.3% 35.5%
EBITDA margin 24.8% 29.0% 19.5%
Operating margin 18.1% 26.6% 17.3%
Pretax margin 15.2% 25.2% 16.2%
Net margin 12.1% 19.4% 12.4%
FCF margin 15.4% 17.2% 11.0%
Operating cash flow margin 17.0% 19.6% 14.4%
Return on equity 9.4% 106.9% 37.0%
Return on assets 5.3% 19.6% 14.9%
Return on invested capital 7.6% 27.1% 22.6%
Return on capital employed 9.2% 38.9% 27.7%
Asset turnover 0.4x 1.0x 1.2x
Cash conversion (OCF / net income) 1.4x 1.0x 1.2x
Stock comp / revenue 0.7% 0.5% 0.5%

Financial Health

11 metrics
MetricIRITWLECO
Debt / assets 26.2% 56.8% 29.5%
Debt / equity 0.5x 3.0x 0.7x
Net debt / EBITDA 1.8x 1.8x 1.0x
Debt / FCF 3.9x 3.3x 2.2x
Liabilities / assets 43.7% 81.0% 60.1%
Equity / assets 56.3% 19.0% 39.9%
Interest coverage 5.6x 14.3x –
Current ratio 1.6x 1.3x 1.9x
Quick ratio 1.0x 0.8x 1.0x
Cash ratio 0.4x 0.2x 0.3x
Altman Z-score 3.28 8.17 7.71

Shareholder Returns

7 metrics
MetricIRITWLECO
Dividend yield 0.1% 2.4% 1.1%
Net buyback yield 2.8% 2.1% 1.8%
Shareholder yield 2.9% 4.4% 2.9%
Payout ratio (earnings) 3.3% 57.4% 30.0%
Payout ratio (FCF) 2.6% 64.6% 33.7%
Dividend growth (1Y) -2.8% 5.2% 3.5%
Dividend CAGR (3Y) -1.0% 5.1% 6.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIRITWLECO
Forward P/E 22.5xFY2026 25.9xFY2026 24.1xFY2026
EPS, next fiscal year $3.35FY2026 $10.67FY2026 $11.62FY2026
EPS growth, next FY +0.3%FY2026 +1.7%FY2026 +17.7%FY2026
EPS growth, the year after +21.5% +19.3% +0.4%
Revenue, next fiscal year $8.35BFY2026 $16.46BFY2026 $4.84BFY2026
Revenue growth, next FY +9.2%FY2026 +2.6%FY2026 +14.5%FY2026
Revenue growth, the year after +6.4% +11.4% +5.5%
IR estimates →ITW estimates →LECO estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIRITWLECO
Held by institutions 100.0% 84.9% 81.3%
Institutions holding 894 1,969 701
Change in shares held, QoQ -1.5% +0.8% +5.5%
Institutions buying 367 846 297
Institutions selling 360 750 266
Buyers to sellers 1.02 1.13 1.12
IR holders →ITW holders →LECO holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IRITWLECO
IR 1.00 0.71 0.64
ITW 0.71 1.00 0.61
LECO 0.64 0.61 1.00

Add a Peer

Largest companies in the same industry
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Plot all 43 Pumps and Valves stocks → Plot all 168 Industrial Machinery stocks → Plot all 18 Power Tools stocks →

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Frequently Asked Questions

Which is bigger, IR, ITW and LECO?

Illinois Tool Works (ITW) is the largest by market capitalisation: Ingersoll Rand (IR) $31.05B, Illinois Tool Works (ITW) $80.03B, Lincoln Electric Holdings (LECO) $15.54B.

Which stock is cheaper, IR, ITW and LECO?

Illinois Tool Works (ITW) trades on the lowest price-to-earnings ratio (Ingersoll Rand (IR) 32.4x, Illinois Tool Works (ITW) 24.8x, Lincoln Electric Holdings (LECO) 27.0x). On next year's consensus earnings, Ingersoll Rand (IR) is cheapest (Ingersoll Rand (IR) 22.5x, Illinois Tool Works (ITW) 25.9x, Lincoln Electric Holdings (LECO) 24.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Lincoln Electric Holdings (LECO) grew revenue fastest over the trailing twelve months: Ingersoll Rand (IR) +7.8%, Illinois Tool Works (ITW) +4.8%, Lincoln Electric Holdings (LECO) +11.1%.

Which company is more profitable?

Illinois Tool Works (ITW) has the highest net margin (Ingersoll Rand (IR) 12.1%, Illinois Tool Works (ITW) 19.4%, Lincoln Electric Holdings (LECO) 12.4%). On return on invested capital, Illinois Tool Works (ITW) leads (Ingersoll Rand (IR) 7.6%, Illinois Tool Works (ITW) 27.1%, Lincoln Electric Holdings (LECO) 22.6%).

Which stock has performed better?

Over the past year Lincoln Electric Holdings (LECO) returned the most: Ingersoll Rand (IR) -4.2%, Illinois Tool Works (ITW) +12.3%, Lincoln Electric Holdings (LECO) +16.6%. Over five years, Lincoln Electric Holdings (LECO) compounded fastest (Ingersoll Rand (IR) +7.0%/yr, Illinois Tool Works (ITW) +3.9%/yr, Lincoln Electric Holdings (LECO) +14.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Ingersoll Rand (IR) 0.00%, Illinois Tool Works (ITW) 0.02%, Lincoln Electric Holdings (LECO) 0.01%.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Ingersoll Rand (IR) 33.0%, Illinois Tool Works (ITW) 21.2%, Lincoln Electric Holdings (LECO) 30.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IR, ITW and LECO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Illinois Tool Works (ITW) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.