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Lincoln Electric Holdings vs Lennox International: Which Stock Looks Stronger in 2026?

Lincoln Electric holds the cleaner structural position, with the lead spread across growth and stability. Lennox International still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Lincoln Electric holds the more constructive position. That puts structure and market broadly in agreement — Lincoln Electric's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-06-14

This is not just a one-metric split: both growth and stability materially support the lead. Lincoln Electric Holdings, Inc. leads by 9 points on the overall comparison score.

Trajectory Similarity
0.79
Similar
Peer-set rank: #27
within Lincoln Electric Holdings, Inc.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The match is driven mainly by investment intensity and revenue stability.

Similarity drivers
investment intensityrevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
LECO
Lincoln Electric Holdings, Inc.
60
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
LII
Lennox International Inc.
51
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: LECO vs LII Profitability 51 56 Stability 59 23 Valuation 65 80 Growth 65 26 LECO LII
Gap Ranking
#1 Growth +39
#2 Stability +36
#3 Valuation +15
#4 Profitability +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LECO and LII Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LECOLII Relative valuation Structural strength

The setup splits cleanly: structure favours Lincoln Electric Holdings, Inc., while the price setup favours Lennox International Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where LECO and LII each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY LECO Elevated · above norm 0th 50th 100th 25 pct gap LII Neutral · below norm 0th 50th 100th 94th 69th
Today LII sits in the upper-middle of its own 5-year history (69th percentile), while LECO sits higher in its own history (94th). Within each stock's own 5-year context, LII is at a historically more favourable entry position than LECO. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, Lincoln Electric Holdings, Inc. ranks near the top of the group; Lennox International Inc. sits in the weaker half.
Stability
On stability, Lincoln Electric Holdings, Inc. is positioned higher in the group, while Lennox International Inc. is closer to the middle.
Growth — Dominant Gap
LECO
65
LII
26
Gap+39in favour of LECO

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Lennox International, with a forward P/E that is 2.2 turns lower there.

What this means for the comparison

The lead is built on both growth and stability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the LECO vs LII comparison across all dimensions with the full interactive tool.

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Similar growth-and-stability comparisons

Explore how LECO and LII each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.