Lincoln Electric Holdings (LECO) Return on Capital Employed [ROCE] (2009 - 2026)
Lincoln Electric Holdings' Return on Capital Employed [ROCE] was 27.69% in Q3 2026, up 1.68 percentage points from 26.02% a year earlier and up 1.83 percentage points from the prior quarter.
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Analysis
Lincoln Electric Holdings (LECO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Lincoln Electric Holdings came in at 26.67%, up 1.91 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of +10.94 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 24.77% in FY2024 (-3.67 pp), 28.44% in FY2023 (-1.67 pp), 30.11% in FY2022 (+2.91 pp) and 27.20% in FY2021 (+11.47 pp).
- The Q3 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] since Q4 2022.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for five straight quarters, with an average year-over-year change of -0.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q1 2022 (a gain of 12.19 percentage points); the worst was Q2 2023 (a drop of 5.44 percentage points).
- Per Business Quant data, LECO's Return on Capital Employed [ROCE] in the three quarters before Q3 2026 was 25.86% (Q2 2026), 26.23% (Q1 2026) and 25.29% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 22.25% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 25.53% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | - |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 12.64% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 17.64% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 18.67% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 15.15% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 38.87% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 31.72% |
| 10 | Lincoln Electric Holdings | 15.40 Bn | 14.27 Bn | 425.03 Mn | 27.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.69% |
| Jun 30, 2026 | 25.86% |
| Mar 31, 2026 | 26.23% |
| Dec 31, 2025 | 25.29% |
| Sep 30, 2025 | 26.02% |
| Jun 30, 2025 | 25.64% |
| Mar 31, 2025 | 24.45% |
| Dec 31, 2024 | 23.46% |
| Sep 30, 2024 | 25.63% |
| Jun 30, 2024 | 26.37% |
| Mar 31, 2024 | 27.32% |
| Dec 31, 2023 | 27.64% |
| Sep 30, 2023 | 26.10% |
| Jun 30, 2023 | 25.33% |
| Mar 31, 2023 | 25.85% |
| Dec 31, 2022 | 29.68% |
| Sep 30, 2022 | 31.50% |
| Jun 30, 2022 | 30.76% |
| Mar 31, 2022 | 29.88% |
| Dec 31, 2021 | 25.30% |
API Access
Lincoln Electric Holdings Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=LECO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "LECO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=LECO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();