Lincoln Electric Holdings (LECO) Return on Invested Capital [ROIC] (2010 - 2026)
Lincoln Electric Holdings' Return on Invested Capital [ROIC] came in at 20.74% for Q2 2026, up 0.27 percentage points from 20.48% a year earlier and up 1.33 percentage points from the prior quarter.
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Analysis
Lincoln Electric Holdings (LECO) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Lincoln Electric Holdings' Return on Invested Capital [ROIC] was 20.14%, up 0.18 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +5.81 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 19.96% in FY2024 (-4.54 pp), 24.50% in FY2023 (-0.70 pp), 25.20% in FY2022 (+0.19 pp) and 25.01% in FY2021 (+10.68 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Year-over-year, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of -1.48 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2022 (a gain of 10.32 percentage points), and the weakest in Q3 2023 (a drop of 5.90 percentage points).
- Business Quant data shows LECO's Return on Invested Capital [ROIC] at 19.41% (Q1 2026), 19.59% (Q4 2025) and 20.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 15.86% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 16.52% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 9.33% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 10.34% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 15.40% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 23.98% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 10.94% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 22.67% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 27.10% |
| 10 | Lincoln Electric Holdings | 14.96 Bn | 13.81 Bn | 449.00 Mn | 20.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.74% |
| Mar 31, 2026 | 19.41% |
| Dec 31, 2025 | 19.59% |
| Sep 30, 2025 | 20.69% |
| Jun 30, 2025 | 20.48% |
| Mar 31, 2025 | 19.17% |
| Dec 31, 2024 | 19.24% |
| Sep 30, 2024 | 20.44% |
| Jun 30, 2024 | 22.31% |
| Mar 31, 2024 | 23.58% |
| Dec 31, 2023 | 23.99% |
| Sep 30, 2023 | 22.42% |
| Jun 30, 2023 | 21.60% |
| Mar 31, 2023 | 21.65% |
| Dec 31, 2022 | 24.75% |
| Sep 30, 2022 | 28.32% |
| Jun 30, 2022 | 27.20% |
| Mar 31, 2022 | 26.17% |
| Dec 31, 2021 | 24.17% |
| Sep 30, 2021 | 21.17% |
API Access
Lincoln Electric Holdings Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=LECO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=LECO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();