Lincoln Electric Holdings (LECO) Return on Invested Capital [ROIC] (2009 - 2026)
Lincoln Electric Holdings' Return on Invested Capital [ROIC] came in at 22.64% for Q3 2026, up 1.61 percentage points from 21.03% a year earlier and up 1.29 percentage points from the prior quarter.
Lincoln Electric Holdings (LECO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Lincoln Electric Holdings' Return on Invested Capital [ROIC] was 20.68%, up 0.72 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +6.35 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 Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q1 2024.
- Year-over-year, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of -0.68 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 21.36% (Q2 2026), 20.48% (Q1 2026) and 20.43% (Q4 2025) in the three quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 16.80% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 18.53% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 10.72% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 13.34% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 22.04% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 11.23% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 27.11% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 26.27% |
| 10 | Lincoln Electric Holdings | 15.40 Bn | 14.27 Bn | 425.03 Mn | 22.64% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.64% |
| Jun 30, 2026 | 21.36% |
| Mar 31, 2026 | 20.48% |
| Dec 31, 2025 | 20.43% |
| Sep 30, 2025 | 21.03% |
| 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% |
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_KEY
import 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();