Forgent Power Solutions (FPS) vs Lincoln Electric (LECO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Lincoln Electric is the larger company by market cap ($14.34 billion vs $12.97 billion), about 1.1 times the size, while Forgent Power Solutions is growing revenue faster (+88.5% vs +5.6%). On valuation, Forgent Power Solutions trades at a lower forward P/E (20.2x vs 21.0x for Lincoln Electric). Lincoln Electric pays a dividend yielding 1.19%, while Forgent Power Solutions does not currently pay one.
Lincoln Electric converts more of its revenue into profit, with a net margin of 12.3% versus 5.8%.
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 | FPS | LECO |
|---|---|---|
| Share price | $40.65 | $263.17 |
| Market cap | $12.97B | $14.34B |
| 1-day change | -1.69% | -4.49% |
| YTD return | — | +9.82% |
| 1-year return | — | +11.31% |
| 5-year return | — | +89.59% |
| P/E ratio (TTM) | 140.17 | 26.29 |
| Forward P/E | 20.21 | 21.01 |
| EPS (TTM) | $0.29 | $10.01 |
| Dividend yield | 0.00% | 1.19% |
| Annual dividend | $0.00 | $3.12 |
| Revenue (latest FY) | $1.42B | $4.23B |
| Revenue growth (YoY) | +88.54% | +5.60% |
| Net income (latest FY) | $81.84M | $520.53M |
| Gross margin | 35.04% | 36.25% |
| Operating margin | 12.85% | 16.96% |
| Net margin | 5.76% | 12.30% |
| 52-week high | $66.00 | $310.00 |
| 52-week low | $25.95 | $216.22 |
| Distance from 52-week high | -38.41% | -15.11% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +37.15% | +15.86% |
| Average volume | 8.46M | 420.91K |
| Shares outstanding | 274.53M | 54.51M |
| Employees | 3,000 | 12,000 |
| Sector | Energy | 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
- Forgent Power Solutions trades at a higher earnings multiple (140.2x vs 26.3x trailing P/E).
- Lincoln Electric offers a meaningfully higher dividend yield (1.19% vs 0.00%).
- Lincoln Electric is more profitable, keeping 12.3 cents of every revenue dollar as net income versus 5.8 cents for Forgent Power Solutions.
- Forgent Power Solutions grew revenue faster in its latest fiscal year (+88.54% vs +5.60%).
- The two companies sit in different sectors: Forgent Power Solutions in Energy and Lincoln Electric in Industrials.
About Forgent Power Solutions
FPS stock →Forgent Power Solutions, Inc. engages in the design and manufacture of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities.
Energy · Industrial Machinery/Components · 3,000 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
FPS vs LECO FAQ
Which is bigger, Forgent Power Solutions or Lincoln Electric?
Lincoln Electric (LECO) is larger, with a market capitalization of $14.34B compared with $12.97B for Forgent Power Solutions (FPS).
Which has the lower P/E ratio, FPS or LECO?
LECO has the lower trailing P/E at 26.3, versus 140.2 for FPS. 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, Forgent Power Solutions or Lincoln Electric?
Lincoln Electric pays a dividend yielding 1.19%, while Forgent Power Solutions does not currently pay a regular dividend.
Are Forgent Power Solutions and Lincoln Electric in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Energy sector.