Filing Flows › Comparisons › LECO vs SPXC
Lincoln Electric Holdings vs SPX Technologies: LECO and SPXC compared
Lincoln Electric Holdings is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $714M for SPX Technologies (Q3 2026). SPX Technologies is growing faster (+20% against +15% a year earlier). Lincoln Electric Holdings is more profitable, with an operating margin of 17.3% against 16.1%.
Where the money goes: LECO and SPXC
Lincoln Electric Holdings (LECO) · Q3 2026
Lincoln Electric Holdings, Q3 2026: revenue $1.2B (+15% year over year), operating margin 17.3%, net earnings $144M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
SPX Technologies (SPXC) · Q3 2026
SPX Technologies, Q3 2026: revenue $714M (+20% year over year), operating margin 16.1%, net earnings $81.9M, operating cash flow $59.3M. The chart follows the revenue to costs, profit and cash.
| Lincoln Electric Holdings (LECO) | SPX Technologies (SPXC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $714M |
| Revenue growth, Y/Y | +15% | +20% |
| Gross margin | 34.8% | — |
| Operating margin | 17.3% | 16.1% |
| Net earnings | $144M | $81.9M |
| Net margin | 11.8% | 11.5% |
| Operating cash flow | $216M | $59.3M |
| Free cash flow | $175M | $19.3M |
| Market value | $15.2B | $7.2B |
| P/E | 26.5× | 24.1× |
| Analysts’ mean target | $316.00 | $239.46 |
Where the revenue comes from
Lincoln Electric Holdings
- Consumables: $683M (56%)
- Equipment: $306M (25%)
- Automation: $232M (19%)
SPX Technologies
- Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions: $338M (47%)
- Hydronic heating, electrical heating, and ventilation: $187M (26%)
- Communication technologies, aids to navigation, and transportation systems: $122M (17%)
- Underground locators, inspection and rehabilitation equipment, and robotic systems: $67.3M (9%)
Questions
Which is bigger, Lincoln Electric Holdings or SPX Technologies?
Lincoln Electric Holdings is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $714M for SPX Technologies (Q3 2026).
Is Lincoln Electric Holdings or SPX Technologies growing faster?
SPX Technologies is growing faster (+20% against +15% a year earlier).
Which is more profitable, Lincoln Electric Holdings or SPX Technologies?
Lincoln Electric Holdings is more profitable, with an operating margin of 17.3% against 16.1%.
More: Lincoln Electric Holdings earnings · how Lincoln Electric Holdings makes money · SPX Technologies earnings · how SPX Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.