Kennametal [KMT] vs Lincoln Electric [LECO] Detailed Stock Comparison

Kennametal Inc.

NYSE
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Lincoln Electric Holdings Inc.

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Kennametal Inc. wins in 9 metrics, Lincoln Electric Holdings Inc. wins in 12 metrics, with 0 ties. Lincoln Electric Holdings Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Kennametal Inc. Lincoln Electric Holdings Inc. Better
P/E Ratio (TTM) 27.19 27.86 Kennametal Inc.
Price-to-Book Ratio 2.25 9.71 Kennametal Inc.
Debt-to-Equity Ratio 47.46 91.68 Kennametal Inc.
PEG Ratio 0.30 -69.38 Kennametal Inc.
EV/EBITDA 11.04 18.91 Kennametal Inc.
Profit Margin (TTM) 5.43% 12.30% Lincoln Electric Holdings Inc.
Operating Margin (TTM) 10.23% 17.01% Lincoln Electric Holdings Inc.
EBITDA Margin (TTM) 10.23% 17.01% Lincoln Electric Holdings Inc.
Return on Equity 8.86% 37.22% Lincoln Electric Holdings Inc.
Return on Assets (TTM) 4.48% 12.17% Lincoln Electric Holdings Inc.
Free Cash Flow (TTM) $119.35M $534.20M Lincoln Electric Holdings Inc.
Dividend Yield 2.04% 1.33% Kennametal Inc.
1-Year Return 52.35% 33.52% Kennametal Inc.
Price-to-Sales Ratio (TTM) 1.46 3.37 Kennametal Inc.
Enterprise Value $3.52B $15.30B Lincoln Electric Holdings Inc.
EV/Revenue Ratio 1.73 3.62 Kennametal Inc.
Gross Profit Margin (TTM) 32.83% 34.67% Lincoln Electric Holdings Inc.
Revenue per Share (TTM) $27 $76 Lincoln Electric Holdings Inc.
Earnings per Share (Diluted) $1.43 $9.34 Lincoln Electric Holdings Inc.
Beta (Stock Volatility) 1.47 1.30 Lincoln Electric Holdings Inc.
Short % of Float 6.12% 1.94% Lincoln Electric Holdings Inc.

Kennametal Inc. vs Lincoln Electric Holdings Inc. Stock Performance Analysis

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KMT
LECO

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Kennametal Inc.-2.65%-9.15%-8.71%-18.17%21.42%15.76%
Lincoln Electric Holdings Inc.3.36%-4.13%-2.94%-11.40%7.13%4.35%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Kennametal Inc.52.35%19.53%-13.64%31.57%-16.94%6.91%
Lincoln Electric Holdings Inc.33.52%42.18%97.67%329.39%610.14%772.98%

Performance & Financial Health Analysis: Kennametal Inc. vs Lincoln Electric Holdings Inc.

MetricKMTLECO
Market Information
Market Cap i$3.01B$14.27B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i1,002,902327,862
90 Day Avg. Volume i1,300,997355,484
Last Close$32.67$262.82
52 Week Range$17.62 - $43.81$191.03 - $310.00
% from 52W High-25.43%-15.22%
All-Time High$52.52 (Jan 15, 2018)$310.00 (Feb 12, 2026)
% from All-Time High-37.80%-15.22%
Growth Metrics
Quarterly Revenue Growth0.10%0.06%
Quarterly Earnings Growth0.89%-0.03%
Financial Health
Profit Margin (TTM) i0.05%0.12%
Operating Margin (TTM) i0.10%0.17%
Return on Equity (TTM) i0.09%0.37%
Debt to Equity (MRQ) i47.4691.68
Cash & Liquidity
Book Value per Share (MRQ)$17.26$26.80
Cash per Share (MRQ)$1.70$5.63
Operating Cash Flow (TTM) i$180.03M$661.17M
Levered Free Cash Flow (TTM) i$93.24M$281.08M
Dividends
Last 12-Month Dividend Yield i2.04%1.33%
Last 12-Month Dividend i$0.80$3.83

Valuation & Enterprise Metrics Analysis: Kennametal Inc. vs Lincoln Electric Holdings Inc.

MetricKMT (Apr 24, 2026)LECO (Apr 22, 2026)
Price Ratios
P/E Ratio (TTM) i27.1927.86
Forward P/E i15.1721.92
PEG Ratio i0.30-69.38
Price to Sales (TTM) i1.463.37
Price to Book (MRQ) i2.259.71
Market Capitalization
Market Capitalization i$3.01B$14.27B
Enterprise Value i$3.52B$15.30B
Enterprise Value Metrics
Enterprise to Revenue i1.733.62
Enterprise to EBITDA i11.0418.91
Risk & Other Metrics
Beta i1.471.30
Book Value per Share (MRQ) i$17.26$26.80

Financial Statements Comparison: Kennametal Inc. vs Lincoln Electric Holdings Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricKMT (2025)LECO (2025)
Revenue/Sales i1.97B4.23B
Cost of Goods Sold i1.37B2.70B
COGS % of Revenue i69.6%63.8%
Gross Profit i598.07M1.53B
Gross Margin i30.4%36.2%
Research & Development iN/AN/A
Operating Income (EBIT) i156.45M736.26M
Operating Margin i8.0%17.4%
EBITDA i306.76M843.76M
EBITDA Margin i15.6%19.9%
Pre-Tax Income i132.00M675.45M
Pre-Tax Income % of Revenue i6.7%16.0%
Income Tax i33.30M154.92M
Income Tax % of Revenue i1.7%3.7%
Net Income (Profit) i98.71M520.53M
Profit Margin i5.0%12.3%

Balance Sheet & Liquidity Metrics

MetricKMT (2025)LECO (2025)
Cash & Equivalents i140.54M308.79M
Total Current Assets i1.04B1.74B
Total Current Assets % of Revenue i52.8%41.1%
Total Current Liabilities i422.33M956.69M
Total Current Liabilities % of Revenue i21.5%22.6%
Long-Term Debt i630.20M1.15B
Long-Term Debt % of Revenue i32.0%27.1%
Total Shareholders Equity i1.32B1.47B
Retained Earnings i1.20B4.34B
Retained Earnings % of Revenue i61.1%102.6%
Property, Plant & Equipment i485.41M0

Cash Flow Statement Comparison

MetricKMT (2025)LECO (2025)
Operating Cash Flow i226.47M660.45M
Operating Cash Flow % of Revenue i11.5%15.6%
Capital Expenditures i-87.13M7.18M
Free Cash Flow i119.35M534.20M
FCF Margin i6.1%12.6%
Debt Repayment i-459,000-100.17M
Common Stock Repurchase i-60.12M-338.31M

Short Interest & Institutional Ownership Analysis

MetricKMTLECO
Shares Short i2.85M937,435
Short Ratio i1.733.20
Short % of Float i6.12%1.94%
Shares Outstanding i76.19M54.85M
Float Shares i75.09M53.69M
% Held by Insiders i0.87%1.50%
% Held by Institutions i105.14%81.25%
% Held by Public i-6.01%17.25%

Dividend Analysis & Yield Comparison: Kennametal Inc. vs Lincoln Electric Holdings Inc.

MetricKMTLECO
Last 12-Month Dividend i$0.80$3.83
Last 12-Month Dividend Yield i2.04%1.33%
3-Year Avg Annual Dividend i$0.80$3.11
3-Year Avg Dividend Yield i0.79%0.35%
3-Year Total Dividends i$2.40$9.34
Ex-Dividend DateFeb 10, 2026Mar 31, 2026