LECO vs. ITT

Last updated Jun 3, 2026

LECO (Lincoln Electric Holdings, Inc.) and ITT (ITT Inc.) are both stocks. Both are in the Industrials sector — LECO in Tools & Accessories, ITT in Specialty Industrial Machinery. Over the past 10 years, LECO returned 17.53%/yr vs 19.91%/yr for ITT. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

LECO vs. ITT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lincoln Electric Holdings, Inc. (LECO) and ITT Inc. (ITT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LECO achieves a 6.45% return, which is significantly lower than ITT's 12.12% return. Over the past 10 years, LECO has underperformed ITT with an annualized return of 17.53%, while ITT has yielded a comparatively higher 19.91% annualized return.

LECO

• 1D: 0.84%
• 1M: -4.50%
• YTD: 6.45%
• 6M: 7.79%
• 1Y: 35.08%
• 3Y*: 13.40%
• 5Y*: 16.09%
• 10Y*: 17.53%

ITT

• 1D: 2.43%
• 1M: -7.50%
• YTD: 12.12%
• 6M: 8.37%
• 1Y: 30.64%
• 3Y*: 34.07%
• 5Y*: 16.88%
• 10Y*: 19.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LECO vs. ITT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LECO Lincoln Electric Holdings, Inc.	6.45%	29.63%	-12.55%	52.61%	5.42%	21.89%	22.97%	25.41%	-12.24%	21.37%
ITT ITT Inc.	12.12%	22.52%	20.86%	48.91%	-19.50%	33.95%	5.47%	54.60%	-8.66%	40.06%

Correlation

The correlation between LECO and ITT is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 19, 1995	0.50

The correlation between LECO and ITT shifts across timeframes, from 0.50 (all time) to 0.72 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LECO : $14.07B ITT : $17.05B
EPS LECO : $9.68 ITT : $5.58
PE Ratio LECO : 26.26 ITT : 34.81
PEG Ratio LECO : 1.14 ITT : 2.44
PS Ratio LECO : 3.25 ITT : 3.76
PB Ratio LECO : 9.31 ITT : 3.60
Total Revenue (TTM) LECO : $4.35B ITT : $4.24B
Gross Profit (TTM) LECO : $1.57B ITT : $1.50B
EBITDA (TTM) LECO : $807.88M ITT : $793.20M

Return for Risk

LECO vs. ITT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LECO

LECO Risk / Return Rank: 74
LECO Sharpe Ratio Rank: 78
LECO Sortino Ratio Rank: 75
LECO Omega Ratio Rank: 71
LECO Calmar Ratio Rank: 70
LECO Martin Ratio Rank: 73

ITT

ITT Risk / Return Rank: 72
ITT Sharpe Ratio Rank: 72
ITT Sortino Ratio Rank: 69
ITT Omega Ratio Rank: 67
ITT Calmar Ratio Rank: 75
ITT Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LECO vs. ITT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln Electric Holdings, Inc. (LECO) and ITT Inc. (ITT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LECO	ITT	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.04	+0.29
Sortino ratio Return per unit of downside risk	2.05	1.74	+0.32
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio Return relative to maximum drawdown	1.65	2.07	-0.43
Martin ratio Return relative to average drawdown	4.53	4.99	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LECO vs. ITT - Sharpe Ratio Comparison

The current LECO Sharpe Ratio is 1.33, which is comparable to the ITT Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of LECO and ITT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LECO	ITT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.04	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.58	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.63	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.36	+0.06

Drawdowns

LECO vs. ITT - Drawdown Comparison

The maximum LECO drawdown since its inception was -68.89%, smaller than the maximum ITT drawdown of -74.46%. Use the drawdown chart below to compare losses from any high point for LECO and ITT.

Drawdown Indicators

	LECO	ITT	Difference
Max Drawdown Largest peak-to-trough decline	-68.89%	-74.46%	+5.57%
Max Drawdown (1Y) Largest decline over 1 year	-20.09%	-14.50%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	-34.29%	-29.09%	-5.20%
Max Drawdown (5Y) Largest decline over 5 years	-34.29%	-37.97%	+3.68%
Max Drawdown (10Y) Largest decline over 10 years	-38.89%	-49.52%	+10.63%
Current Drawdown Current decline from peak	-14.65%	-12.42%	-2.23%
Average Drawdown Average peak-to-trough decline	-13.51%	-18.96%	+5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	6.02%	+1.29%

Volatility

LECO vs. ITT - Volatility Comparison

The current volatility for Lincoln Electric Holdings, Inc. (LECO) is 7.27%, while ITT Inc. (ITT) has a volatility of 9.13%. This indicates that LECO experiences smaller price fluctuations and is considered to be less risky than ITT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LECO	ITT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	9.13%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	19.77%	22.83%	-3.06%
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	29.69%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.54%	29.17%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.39%	31.93%	-4.54%

Dividends

LECO vs. ITT - Dividend Comparison

LECO's dividend yield for the trailing twelve months is around 1.21%, more than ITT's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITT ITT Inc.	0.56%	0.81%	0.89%	0.97%	1.30%	0.86%	0.88%	0.80%	1.11%	0.96%	1.29%	1.30%
LECO Lincoln Electric Holdings, Inc.	1.21%	1.27%	1.54%	1.21%	1.61%	1.50%	1.70%	1.96%	2.08%	1.57%	1.71%	2.29%

Financials

LECO vs. ITT - Profitability Comparison

The chart below illustrates the profitability comparison between Lincoln Electric Holdings, Inc. and ITT Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LECO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.

ITT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported a gross profit of 428.80M and revenue of 1.21B. Therefore, the gross margin over that period was 35.4%.

LECO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.

ITT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported an operating income of 141.20M and revenue of 1.21B, resulting in an operating margin of 11.7%.

LECO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.

ITT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ITT Inc. reported a net income of 78.00M and revenue of 1.21B, resulting in a net margin of 6.4%.

Frequently Asked Questions

Can I hold both LECO and ITT in my portfolio?

LECO and ITT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LECO or ITT?

ITT has higher volatility (9.13%) compared to LECO (7.27%). In terms of maximum drawdown, LECO dropped -68.89% vs ITT's -74.46%.

Which has better risk-adjusted returns?

LECO currently has the higher Sharpe Ratio (1.33 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.