8-K Announcements
6Material company update
Feb 5, 2026·SEC
Material company update
Dec 3, 2025·SEC
Material company update
Nov 20, 2025·SEC
Linde plc(LIN)Earnings, Financials & Key Ratios
LIN•NASDAQ
$538.23
36.9× P/E·Price updated Jul 7, 2026
AboutLinde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as olefin, natural gas, air separation, hydrogen, and synthesis gas plants. It serves a range of industries, including healthcare, energy, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. The company was founded in 1879 and is based in Woking, the United Kingdom.Show more
- Revenue$33.99B+3.0%
- EBITDA$12.7B+2.6%
- Net Income$6.9B+5.1%
- EPS (Diluted)14.59+7.1%
- Gross Margin43.33%+18.4%
- EBITDA Margin37.36%-0.4%
- Operating Margin26.29%+1.0%
- Net Margin20.3%+2.0%
- ROE17.41%+6.9%
LIN Price & Volume
Linde plc (LIN) stock price & volume — 10-year historical chart
Loading chart...
Accelerating Revenue Growth Drives Structural Margin Expansion
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Energy cost pass-through volatility
Key Thesis Takeaways
- Linde plc demonstrates a compelling fundamental outlook characterized by accelerating revenue growth of 8.2% in 2026Q1 and significant operating leverage that pushed operating margins to 37.2%.
- The company's ability to maintain a fortress balance sheet with a 0.62 debt-to-equity ratio provides substantial flexibility for future capital-intensive decarbonization projects.
- Investors should monitor the volatility in energy cost pass-throughs and the impact of large-scale capital project timing on free cash flow margins, which have fluctuated between 9.6% and 19.9% over the last ten quarters.
Verdict Logic
Positive: The company's ability to scale operating income to $3.3 billion in 2026Q1 while maintaining disciplined capital allocation suggests a strong competitive position for long-term value creation.
LIN Growth Metrics
Linde plc (LIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.17%
5 Years4.52%
3 Years0.62%
TTM4.96%
Profit CAGR
10 Years16.12%
5 Years22.5%
3 Years18.48%
TTM7.77%
EPS CAGR
10 Years10.55%
5 Years25.37%
3 Years21.03%
TTM9.37%
Return on Capital
10 Years9.87%
5 Years11.22%
3 Years12.94%
Last Year13.02%
LIN Recent Earnings
Linde plc (LIN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 1, 2026Metric
Actual
Est
EPS
$4.33+1.4%
$4.27
Rev
$8.8B+2.1%
$8.6B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$4.20+0.5%
$4.18
Rev
$8.8B+1.4%
$8.6B
Q4 2025
Oct 31, 2025Metric
Actual
Est
EPS
$4.21+0.7%
$4.18
Rev
$8.6B-0.1%
$8.6B
Q3 2025
Aug 1, 2025Metric
Actual
Est
EPS
$4.09+1.5%
$4.03
Rev
$8.5B+1.6%
$8.4B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $4.33vs $4.27+1.4% | $8.8Bvs $8.6B+2.1% |
| Q1 2026 | Feb 5, 2026 | $4.20vs $4.18+0.5% | $8.8Bvs $8.6B+1.4% |
| Q4 2025 | Oct 31, 2025 | $4.21vs $4.18+0.7% | $8.6Bvs $8.6B-0.1% |
| Q3 2025 | Aug 1, 2025 | $4.09vs $4.03+1.5% | $8.5Bvs $8.4B+1.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Linde plc (LIN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $538.23 | $249.41B | 36.89 | 2.97% | 20.3% | 17.41% | 1.11% | |
| $305.05 | $67.92B | -172.34 | -0.52% | 16.91% | 11.85% | — | |
| $129.02 | $15.22B | -22.44 | -4.37% | -4.24% | -2.29% | — | |
| $283.08 | $79.67B | 38.88 | 2.16% | 12.8% | 21.63% | — | |
| $120.22 | $26.91B | 17.37 | 0.19% | 9.83% | 31.06% | — | |
| $342.26 | $84.41B | 33.33 | 2.06% | 10.86% | 58.23% | — |
Compare LIN vs Peers
Linde plc (LIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LIN SEC Filings & Documents
Linde plc (LIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when LIN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
LIN Frequently Asked Questions
Linde plc (LIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Linde plc's revenue?
Linde plc (LIN) reported $34.66B in revenue for fiscal year 2025. This represents a 679% increase from $4.45B in 1996.
How fast is Linde plc growing?
Linde plc (LIN) grew revenue by 3.0% over the past year. Growth has been modest.
Is LIN profitable?
Yes, Linde plc (LIN) is profitable, generating $7.13B in net income for fiscal year 2025 (20.3% net margin).
Dividend & Returns
Does LIN pay dividends?
Yes, Linde plc (LIN) pays a dividend with a yield of 1.11%. This makes it attractive for income-focused investors.
What is LIN's return on equity?
Linde plc (LIN) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.
What is Linde plc's free cash flow?
Linde plc (LIN) generated $5.10B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.