Fortive vs Lincoln Electric Holdings
Fortive and Lincoln Electric Holdings are similar in size: $4.16bn and $4.23bn of revenue in their latest fiscal years. Lincoln Electric Holdings grew faster (5.6% against 1.9%). Fortive kept more of each dollar of sales as profit: a net margin of 13.9% against 12.3%.
| Latest fiscal year | FortiveFTV, 2025 | Lincoln Electric HoldingsLECO, 2025 |
|---|---|---|
| Revenue | $4.16bn | $4.23bn |
| Revenue growth | 1.9% | 5.6% |
| Net income | $579m | $521m |
| Operating margin | 17.3% | — |
| Net margin | 13.9% | 12.3% |
| Return on equity | 7.0% | 37.2% |
| Free cash flow | $978m | $534m |
| Cash | $376m | $309m |
| Total debt | $3.21bn | $1.29bn |
| Debt to equity | 49.7% | — |
| Dividend per share | — | $3.04 |
| Dividend yield | 0.4% | 1.1% |
| Share buybacks | $1.61bn | $338m |
| Employees | — | — |
| Market value | $19.94bn | $15.44bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 75 (Strong) | 81 (Strong) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 8 sales |