Linde plc (LIN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 8.78B | 8.76B | 8.62B | 8.49B | 8.11B | 8.28B | 8.36B | 8.27B | 8.1B | 8.3B | 8.15B | 8.2B | 8.19B | 7.9B | 8.8B | 8.46B | 8.21B | 8.3B | 7.67B | 7.58B |
| Revenue Growth % | 8.25% | 5.82% | 3.1% | 2.76% | 0.15% | -0.24% | 2.46% | 0.77% | -1.14% | 5.1% | -7.3% | -2.99% | -0.22% | -4.81% | 14.72% | 11.51% | 13.36% | 14.11% | 11.86% | 18.93% |
| Cost of Goods Sold | 4.52B | 4.55B | 5.34B | 4.31B | 5.07B | 5.23B | 5.32B | 5.21B | 5.17B | 5.38B | 5.27B | 5.28B | 5.38B | 5.38B | 5.95B | 5.63B | 5.49B | 6.06B | 5.53B | 5.37B |
| COGS % of Revenue | 51.51% | 51.88% | 61.98% | 50.69% | 62.46% | 63.19% | 63.62% | 63.01% | 63.77% | 64.8% | 64.66% | 64.31% | 65.65% | 68.15% | 67.67% | 66.57% | 66.89% | 73.05% | 72.13% | 70.74% |
| Gross Profit | 4.26B | 4.22B | 3.27B | 4.19B | 3.04B | 3.05B | 3.04B | 3.06B | 2.94B | 2.92B | 2.88B | 2.93B | 2.81B | 2.52B | 2.84B | 2.83B | 2.72B | 2.24B | 2.14B | 2.22B |
| Gross Margin % | 48.49% | 48.12% | 38.02% | 49.31% | 37.54% | 36.81% | 36.38% | 36.99% | 36.23% | 35.2% | 35.34% | 35.69% | 34.35% | 31.85% | 32.33% | 33.43% | 33.11% | 26.95% | 27.87% | 29.26% |
| Gross Profit Growth % | 39.84% | 38.31% | 7.73% | 36.98% | 3.75% | 4.35% | 5.48% | 4.44% | 4.3% | 16.14% | 1.34% | 3.57% | 3.49% | 12.52% | 33.08% | 27.4% | 34.4% | 12.14% | 15.39% | 35.8% |
| Operating Expenses | 994M | 2.2B | 933M | 1.83B | 824M | 853M | 860M | 876M | 898M | 871M | 844M | 868M | 858M | 800M | 834M | 839M | 814M | 825M | 829M | 856M |
| OpEx % of Revenue | 11.32% | 25.09% | 10.83% | 21.6% | 10.16% | 10.3% | 10.29% | 10.6% | 11.09% | 10.49% | 10.35% | 10.58% | 10.47% | 10.13% | 9.48% | 9.92% | 9.91% | 9.94% | 10.81% | 11.29% |
| Selling, General & Admin | 893M | 880M | 897M | 870M | 786M | 814M | 823M | 840M | 860M | 832M | 808M | 833M | 822M | 764M | 770M | 771M | 802M | 787M | 793M | 822M |
| SG&A % of Revenue | 10.17% | 10.04% | 10.41% | 10.24% | 9.69% | 9.83% | 9.85% | 10.16% | 10.62% | 10.02% | 9.91% | 10.15% | 10.03% | 9.67% | 8.75% | 9.12% | 9.77% | 9.48% | 10.34% | 10.84% |
| Research & Development | 38M | 35M | 36M | 38M | 38M | 39M | 37M | 36M | 38M | 39M | 36M | 35M | 36M | 36M | 35M | 37M | 35M | 38M | 36M | 34M |
| R&D % of Revenue | 0.43% | 0.4% | 0.42% | 0.45% | 0.47% | 0.47% | 0.44% | 0.44% | 0.47% | 0.47% | 0.44% | 0.43% | 0.44% | 0.46% | 0.4% | 0.44% | 0.43% | 0.46% | 0.47% | 0.45% |
| Other Operating Expenses | 1000K | 1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | -1000K | 0 | 0 | 0 |
| Operating Income | 3.26B | 2.02B | 2.34B | 2.35B | 2.22B | 2.2B | 2.18B | 2.18B | 2.04B | 2.05B | 2.04B | 2.06B | 1.96B | 1.72B | 2.01B | 1.99B | 1.91B | 1.41B | 1.31B | 1.36B |
| Operating Margin % | 37.17% | 23.03% | 27.19% | 27.71% | 27.38% | 26.52% | 26.09% | 26.39% | 25.15% | 24.7% | 24.99% | 25.11% | 23.87% | 21.72% | 22.85% | 23.51% | 23.2% | 17% | 17.06% | 17.97% |
| Operating Income Growth % | 46.96% | -8.11% | 7.43% | 7.88% | 9.03% | 7.07% | 6.97% | 5.92% | 4.14% | 19.52% | 1.39% | 3.62% | 2.68% | 21.62% | 53.67% | 45.85% | 58.62% | 22.27% | 25.05% | 62.26% |
| EBITDA | 2.49B | 2.97B | 3.3B | 3.3B | 3.13B | 3.11B | 3.14B | 3.14B | 2.99B | 3B | 3B | 3.02B | 2.9B | 2.67B | 3.06B | 3.08B | 3.02B | 2.55B | 2.47B | 2.53B |
| EBITDA Margin % | 28.39% | 33.87% | 38.34% | 38.8% | 38.6% | 37.54% | 37.58% | 37.98% | 36.86% | 36.14% | 36.75% | 36.81% | 35.44% | 33.83% | 34.73% | 36.41% | 36.74% | 30.68% | 32.22% | 33.41% |
| EBITDA Growth % | -20.38% | -4.54% | 5.19% | 4.97% | 4.86% | 3.63% | 4.77% | 3.97% | 2.82% | 12.28% | -1.9% | -1.92% | -3.75% | 4.95% | 23.63% | 21.51% | 27.46% | 8.53% | 11.61% | 29.02% |
| D&A (Non-Cash Add-back) | 0 | 950M | 961M | 942M | 910M | 913M | 960M | 958M | 949M | 949M | 959M | 960M | 948M | 956M | 1.04B | 1.09B | 1.11B | 1.14B | 1.16B | 1.17B |
| EBIT | 2.49B | 2.08B | 2.48B | 2.41B | 2.18B | 2.5B | 2.06B | 2.23B | 2.14B | 2.21B | 2.12B | 2.01B | 1.98B | 1.72B | 1.67B | 660M | 1.55B | 1.41B | 1.33B | 1.2B |
| Net Interest Income | -62M | -64M | -81M | -67M | 29M | -232M | 5M | -72M | -57M | -216M | -73M | -8M | -36M | -9M | -26M | -14M | -19M | -57M | 3M | -28M |
| Interest Income | 0 | 0 | 0 | 0 | 29M | 0 | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 |
| Interest Expense | 62M | 64M | 81M | 67M | 0 | 232M | 0 | 72M | 57M | 216M | 73M | 8M | 36M | 9M | 26M | 14M | 19M | 57M | 0 | 28M |
| Other Income/Expense | -830M | -7M | 54M | -8M | -3M | 106M | -79M | 26M | 91M | -16M | 50M | -10M | 26M | 33M | -319M | -1.29B | -326M | -18M | 22M | -153M |
| Pretax Income | 2.43B | 2.01B | 2.4B | 2.35B | 2.22B | 2.3B | 2.1B | 2.21B | 2.13B | 2.04B | 2.09B | 2.05B | 1.98B | 1.75B | 1.69B | 696M | 1.58B | 1.39B | 1.33B | 1.21B |
| Pretax Margin % | 27.68% | 22.95% | 27.81% | 27.62% | 27.34% | 27.8% | 25.14% | 26.71% | 26.27% | 24.51% | 25.6% | 24.99% | 24.19% | 22.14% | 19.22% | 8.23% | 19.23% | 16.79% | 17.34% | 15.95% |
| Income Tax | 571M | 481M | 424M | 540M | 511M | 533M | 498M | 508M | 463M | 459M | 487M | 438M | 430M | 388M | 391M | 286M | 369M | 339M | 321M | 334M |
| Effective Tax Rate % | 23.49% | 23.92% | 17.7% | 23.02% | 23.04% | 23.15% | 23.7% | 23.01% | 21.76% | 22.56% | 23.32% | 21.37% | 21.7% | 22.18% | 23.12% | 41.09% | 23.37% | 24.34% | 24.14% | 27.6% |
| Net Income | 1.86B | 1.57B | 1.93B | 1.77B | 1.67B | 1.73B | 1.55B | 1.66B | 1.63B | 1.54B | 1.56B | 1.57B | 1.52B | 1.33B | 1.27B | 372M | 1.17B | 1.03B | 979M | 841M |
| Net Margin % | 21.15% | 17.95% | 22.39% | 20.79% | 20.62% | 20.83% | 18.55% | 20.12% | 20.09% | 18.59% | 19.19% | 19.2% | 18.5% | 16.81% | 14.47% | 4.4% | 14.3% | 12.36% | 12.77% | 11.09% |
| Net Income Growth % | 11% | -8.81% | 24.45% | 6.19% | 2.83% | 11.8% | -0.96% | 5.59% | 7.32% | 16.19% | 22.94% | 323.39% | 29.13% | 29.43% | 30.03% | -55.77% | 19.8% | 33.25% | 39.86% | 83.62% |
| Net Income (Continuing) | 1.86B | 1.53B | 1.97B | 1.81B | 1.71B | 1.77B | 1.6B | 1.7B | 1.67B | 1.58B | 1.6B | 1.61B | 1.55B | 1.36B | 1.3B | 410M | 1.21B | 1.05B | 1.01B | 876M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K |
| Minority Interest | 13M | 1.5B | 1.47B | 1.47B | 1.43B | 1.4B | 1.43B | 1.37B | 1.4B | 1.38B | 1.34B | 1.34B | 1.37B | 1.36B | 1.31B | 1.37B | 1.43B | 1.41B | 1.41B | 1.45B |
| EPS (Diluted) | 3.98 | 3.26 | 4.09 | 3.73 | 3.51 | 3.60 | 3.22 | 3.44 | 3.35 | 3.16 | 3.19 | 3.19 | 3.05 | 2.67 | 2.54 | 0.74 | 2.30 | 1.98 | 1.88 | 1.60 |
| EPS Growth % | 13.39% | -9.44% | 27.02% | 8.43% | 4.78% | 13.92% | 0.94% | 7.84% | 9.84% | 18.35% | 25.59% | 331.08% | 32.61% | 34.85% | 35.11% | -53.75% | 23.66% | 36.55% | 42.42% | 83.91% |
| EPS (Basic) | 4.00 | 3.28 | 4.11 | 3.75 | 3.53 | 3.60 | 3.24 | 3.46 | 3.38 | 3.16 | 3.21 | 3.22 | 3.07 | 2.69 | 2.56 | 0.74 | 2.31 | 2.00 | 1.90 | 1.62 |
| Diluted Shares Outstanding | 466.32M | 468.7M | 471.51M | 473.57M | 476.26M | 478.88M | 480.9M | 483.18M | 485.59M | 488.25M | 491.08M | 493.55M | 495.68M | 497.92M | 501.15M | 505.27M | 511.41M | 516.28M | 520.08M | 523.72M |
| Basic Shares Outstanding | 464.05M | 466.25M | 468.8M | 470.87M | 473.3M | 475.87M | 477.66M | 479.97M | 481.95M | 484.23M | 487.12M | 489.62M | 491.82M | 493.65M | 497.19M | 501.03M | 507.15M | 511.23M | 515.17M | 518.95M |
| Dividend Payout Ratio | - | 44.37% | 36.34% | 39.86% | 42.32% | 38.2% | 42.71% | 39.99% | 41.12% | 39.92% | 39.62% | 39.56% | 41.09% | 44.13% | 45.64% | 157.26% | 50.43% | 52.73% | 55.77% | 65.28% |