LECO vs TMO vs SWK Stock Comparison

Lincoln Electric Holdings, Thermo Fisher Scientific and Stanley Black & Decker Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

12 decided of 12

Stanley Black & Decker leads on 5 of the 12 questions below (Stanley Black & Decker 5, Lincoln Electric Holdings 5, Thermo Fisher Scientific 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLECOTMOSWKLeader
Larger companyMarket capitalisation $15.31B $262.56B $15.09B TMO
Cheaper on earningsLower P/E, profitable companies only 26.6x 37.1x 24.3x SWK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.3x 26.8x 17.1x SWK
Faster revenue growthRevenue growth, trailing twelve months +11.1% +8.3% +0.6% LECO
More profitableNet margin, trailing twelve months 12.4% — 4.1% LECO
Better return on capitalReturn on invested capital 22.6% — 6.6% LECO
Less leveragedLower net debt / EBITDA 1.0x — 2.3x LECO
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.03% SWK
Better 1-year returnPrice return, last 12 months +16.6% +23.0% +37.9% SWK
Better 5-year returnAnnualised price return, 5 years +15.0%/yr +2.3%/yr -11.7%/yr LECO
Less volatileAnnualised volatility, 1 year 30.8% 29.8% 36.5% TMO
Higher overall scoreMean of the five percentile scores vs peers 54/100 51/100 59/100 SWK

Percentile Scorecard

LECOTMOSWK

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

AxisLECOTMOSWK
Valuation 36 #130 of 203 50 #113 of 227 90 #22 of 203
Growth 44 #106 of 188 41 #130 of 219 81 #36 of 188
Profitability 94 #12 of 183 70 #63 of 206 51 #91 of 183
Financial Health 44 #121 of 217 – 28 #157 of 217
Shareholder Returns 54 #71 of 153 44 #76 of 134 46 #83 of 153
Overall 54 51 59
  • LECO ranked among 222 companies in Machinery
  • TMO ranked among 247 companies in Medical Devices and Diagnostics
  • SWK ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodLECOTMOSWKSPY
1 month +3.9%+2.9%+8.8% -0.2%
3 months +5.7%+20.3%+5.5% +3.9%
6 months +8.6%+47.4%+26.9% +8.2%
Year to date +17.8%+19.7%+33.8% +12.9%
1 year +16.6%+23.0%+37.9% +12.3%
3 years +63.5%+60.7%+21.1% +87.4%
3 years, per year +17.8%+17.1%+6.6% +23.3%
5 years +101.1%+11.8%-46.3% +67.9%
5 years, per year +15.0%+2.3%-11.7% +10.9%
10 years +331.4%+364.6%-13.6% +261.1%
10 years, per year +15.7%+16.6%-1.5% +13.7%

Risk

MeasureLECOTMOSWKSPY
Volatility, 1Y 30.8%29.8%36.5% 12.7%
Downside volatility, 1Y 31.2%28.3%32.3% 12.7%
Beta vs S&P 500, 1Y 1.180.621.41 1.00
Return / volatility, 1Y 0.540.771.04 0.97
Max drawdown, 5Y -35.3%-41.5%-71.6% -25.4%
From 52-week high -5.5%-0.5%-4.5% -1.2%
52-week high $298.88$696.55$104.00 $779.14
52-week low $220.64$438.34$62.12 $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.

MultipleLECOTMOSWK
P/E now vs peer median 26.7xmedian 25.2x 36.4xmedian 29.6x 24.0xmedian 25.2x
P/S now vs peer median 3.3xmedian 1.9x 5.4xmedian 2.9x 1.0xmedian 1.9x
EV/EBITDA now vs peer median 17.8xmedian 14.0x —median 17.4x 10.6xmedian 14.0x
P/FCF now vs peer median 29.9xmedian 21.7x 34.0xmedian 22.3x 11.6xmedian 21.7x
P/B now vs peer median 9.8xmedian 2.3x 4.7xmedian 2.3x 1.7xmedian 2.3x
PEG now vs peer median 3.82median 1.32 4.80median 1.04 -4.57median 1.32

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 monthsLECOTMOSWK
Revenue $4.64B $47.35B $15.25B
Gross profit $1.65B – $4.86B
Operating income $802.52M $8.47B $1.32B
Net income $575.27M $7.09B $620.50M
Free cash flow $511.89M – $1.29B
R&D – $1.40B –
EPS (diluted) $10.48 $19.06 $4.12
Cash & equivalents $283.24M $5.46B $592.40M
Total debt $1.15B – $4.76B
Shares (diluted) 54.87M 371.00M 150.65M
Enterprise value $14.18B $262.56B $13.61B

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
MetricLECOTMOSWK
P/E 26.7x 36.4x 24.0x
P/FCF 29.9x 34.0x 11.6x
P/Operating cash flow 22.9x 27.5x 9.7x
P/S 3.3x 5.4x 1.0x
P/B 9.8x 4.7x 1.7x
P/Tangible book 9.8x 7.0x 2.5x
EV/EBITDA 17.8x – 10.6x
EV/EBIT 20.1x – 14.5x
EV/Revenue 3.5x 5.4x 1.3x
EV/FCF 31.6x – 14.9x
EV/Operating cash flow 24.2x 27.5x 12.4x
PEG (3Y EPS CAGR) 3.82 4.80 -4.57

Growth

14 metrics
MetricLECOTMOSWK
Revenue growth (1Y) 11.1% 8.3% 0.6%
Revenue CAGR (3Y) 4.5% 2.9% -2.0%
Gross profit growth (1Y) 7.7% – 9.3%
Gross profit CAGR (3Y) 5.5% – 11.2%
Operating income growth (1Y) 12.9% 12.8% 51.4%
Operating income CAGR (3Y) 7.0% 7.2% 149.6%
Net income growth (1Y) 9.6% 7.9% 29.7%
Net income CAGR (3Y) 4.9% 6.2% -7.7%
EPS growth (1Y) 11.0% 9.7% 30.7%
EPS CAGR (3Y) 7.0% 7.6% -5.3%
Operating cash flow growth (1Y) 0.7% 21.9% 104.3%
Operating cash flow CAGR (3Y) 0.5% 4.5% 96.8%
Free cash flow growth (1Y) -6.3% – 211.7%
Free cash flow CAGR (3Y) -3.6% – 110.2%

Profitability

14 metrics
MetricLECOTMOSWK
Gross margin 35.5% – 31.9%
EBITDA margin 19.5% – 11.9%
Operating margin 17.3% – 8.6%
Pretax margin 16.2% – 5.6%
Net margin 12.4% – 4.1%
FCF margin 11.0% – 8.5%
Operating cash flow margin 14.4% 19.7% 10.2%
Return on equity 37.0% 13.2% 6.9%
Return on assets 14.9% 6.2% 3.0%
Return on invested capital 22.6% – 6.6%
Return on capital employed 27.7% – 8.0%
Asset turnover 1.2x 0.4x 0.7x
Cash conversion (OCF / net income) 1.2x 1.3x 2.5x
Stock comp / revenue 0.5% – 0.5%

Financial Health

11 metrics
MetricLECOTMOSWK
Debt / assets 29.5% – 23.7%
Debt / equity 0.7x – 0.5x
Net debt / EBITDA 1.0x – 2.3x
Debt / FCF 2.2x – 3.7x
Liabilities / assets 60.1% – 55.4%
Equity / assets 39.9% 47.9% 44.6%
Interest coverage – – 2.8x
Current ratio 1.9x 1.8x 1.4x
Quick ratio 1.0x – 0.5x
Cash ratio 0.3x – 0.1x
Altman Z-score 7.74 – 2.48

Shareholder Returns

7 metrics
MetricLECOTMOSWK
Dividend yield 1.1% 0.3% 3.4%
Net buyback yield 1.8% – 1.8%
Shareholder yield 2.9% 0.3% 5.1%
Payout ratio (earnings) 30.0% – 81.0%
Payout ratio (FCF) 33.7% – 39.0%
Dividend growth (1Y) 3.5% – 1.3%
Dividend CAGR (3Y) 6.3% – 1.9%

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.

ConsensusLECOTMOSWK
Forward P/E 24.3xFY2026 26.8xFY2026 17.1xFY2026
EPS, next fiscal year $11.62FY2026 $25.91FY2026 $5.81FY2026
EPS growth, next FY +17.7%FY2026 +13.3%FY2026 +24.4%FY2026
EPS growth, the year after +0.4% +2.0% +5.2%
Revenue, next fiscal year $4.84BFY2026 $50.12BFY2026 $16.13BFY2026
Revenue growth, next FY +14.5%FY2026 +12.5%FY2026 +6.6%FY2026
Revenue growth, the year after +5.5% -2.8% +0.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLECOTMOSWK
Held by institutions 81.3% 90.2% 95.7%
Institutions holding 701 2,622 771
Change in shares held, QoQ +5.5% +0.8% +5.3%
Institutions buying 297 1,142 417
Institutions selling 266 1,144 243
Buyers to sellers 1.12 1.00 1.72

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.

LECOTMOSWK
LECO 1.00 0.21 0.56
TMO 0.21 1.00 0.22
SWK 0.56 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LECO, TMO and SWK?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Lincoln Electric Holdings (LECO) $15.31B, Thermo Fisher Scientific (TMO) $262.56B, Stanley Black & Decker (SWK) $15.09B.

Which stock is cheaper, LECO, TMO and SWK?

Stanley Black & Decker (SWK) trades on the lowest price-to-earnings ratio (Lincoln Electric Holdings (LECO) 26.6x, Thermo Fisher Scientific (TMO) 37.1x, Stanley Black & Decker (SWK) 24.3x). On next year's consensus earnings, Stanley Black & Decker (SWK) is cheapest (Lincoln Electric Holdings (LECO) 24.3x, Thermo Fisher Scientific (TMO) 26.8x, Stanley Black & Decker (SWK) 17.1x). 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: Lincoln Electric Holdings (LECO) +11.1%, Thermo Fisher Scientific (TMO) +8.3%, Stanley Black & Decker (SWK) +0.6%.

Which company is more profitable?

Lincoln Electric Holdings (LECO) has the highest net margin (Lincoln Electric Holdings (LECO) 12.4%, Stanley Black & Decker (SWK) 4.1%). On return on invested capital, Lincoln Electric Holdings (LECO) leads (Lincoln Electric Holdings (LECO) 22.6%, Stanley Black & Decker (SWK) 6.6%).

Which stock has performed better?

Over the past year Stanley Black & Decker (SWK) returned the most: Lincoln Electric Holdings (LECO) +16.6%, Thermo Fisher Scientific (TMO) +23.0%, Stanley Black & Decker (SWK) +37.9%. Over five years, Lincoln Electric Holdings (LECO) compounded fastest (Lincoln Electric Holdings (LECO) +15.0%/yr, Thermo Fisher Scientific (TMO) +2.3%/yr, Stanley Black & Decker (SWK) -11.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Stanley Black & Decker (SWK) has the highest dividend yield: Lincoln Electric Holdings (LECO) 0.01%, Thermo Fisher Scientific (TMO) 0.00%, Stanley Black & Decker (SWK) 0.03%. Thermo Fisher Scientific (TMO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Thermo Fisher Scientific (TMO) has been the steadiest (Lincoln Electric Holdings (LECO) 30.8%, Thermo Fisher Scientific (TMO) 29.8%, Stanley Black & Decker (SWK) 36.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LECO, TMO and SWK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Stanley Black & Decker (SWK) leads on 5. 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.