Advanced Energy Industries (AEIS) vs Lincoln Electric (LECO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Advanced Energy Industries (AEIS) has outperformed Lincoln Electric (LECO) over the past year, gaining 60.4% versus a gain of 11.1%. Over five years, AEIS leads with a +226.4% price change compared with +88.1% for LECO. Lincoln Electric is the larger company by market cap ($14.23 billion vs $11.56 billion), about 1.2 times the size, while Advanced Energy Industries is growing revenue faster (+21.4% vs +5.6%).
On valuation, Advanced Energy Industries trades at a lower forward P/E (18.8x vs 20.8x for Lincoln Electric). Lincoln Electric offers the higher dividend yield (1.19% vs 0.14%). Lincoln Electric converts more of its revenue into profit, with a net margin of 12.3% versus 8.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AEIS | LECO |
|---|---|---|
| Share price | $288.66 | $261.13 |
| Market cap | $11.56B | $14.23B |
| 1-day change | +1.56% | +0.91% |
| YTD return | +37.87% | +8.97% |
| 1-year return | +60.38% | +11.08% |
| 5-year return | +226.39% | +88.12% |
| P/E ratio (TTM) | 53.46 | 26.09 |
| Forward P/E | 18.82 | 20.85 |
| EPS (TTM) | $5.40 | $10.01 |
| Dividend yield | 0.14% | 1.19% |
| Annual dividend | $0.40 | $3.12 |
| Revenue (latest FY) | $1.80B | $4.23B |
| Revenue growth (YoY) | +21.38% | +5.60% |
| Net income (latest FY) | $148.40M | $520.53M |
| Gross margin | 37.66% | 36.25% |
| Operating margin | 9.34% | 16.96% |
| Net margin | 8.25% | 12.30% |
| 52-week high | $397.44 | $310.00 |
| 52-week low | $174.12 | $216.22 |
| Distance from 52-week high | -27.37% | -15.76% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +48.65% | +16.77% |
| Average volume | 582.70K | 420.46K |
| Shares outstanding | 40.05M | 54.51M |
| Employees | 13,000 | 12,000 |
| Sector | Technology | Industrials |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AEIS has outperformed LECO by 49.3 percentage points over the past year.
- Advanced Energy Industries trades at a higher earnings multiple (53.5x vs 26.1x trailing P/E).
- Lincoln Electric offers a meaningfully higher dividend yield (1.19% vs 0.14%).
- Advanced Energy Industries grew revenue faster in its latest fiscal year (+21.38% vs +5.60%).
- The two companies sit in different sectors: Advanced Energy Industries in Technology and Lincoln Electric in Industrials.
About Advanced Energy Industries
AEIS stock →Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally.
Technology · Industrial Machinery/Components · 13,000 employees
About Lincoln Electric
LECO stock →Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group.
Industrials · Industrial Machinery/Components · 12,000 employees
AEIS vs LECO FAQ
Which is bigger, Advanced Energy Industries or Lincoln Electric?
Lincoln Electric (LECO) is larger, with a market capitalization of $14.23B compared with $11.56B for Advanced Energy Industries (AEIS).
Which stock has performed better over the past year, AEIS or LECO?
AEIS returned +60.38% over the past 12 months, compared with +11.08% for LECO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEIS or LECO?
LECO has the lower trailing P/E at 26.1, versus 53.5 for AEIS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Advanced Energy Industries or Lincoln Electric?
Lincoln Electric has the higher yield at 1.19%, compared with 0.14% for Advanced Energy Industries.
Are Advanced Energy Industries and Lincoln Electric in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Technology sector.