Linde Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	33,504	33,005	32,854	33,364	30,793	27,243
Revenue Growth (YoY)	1.45%	0.46%	-1.53%	8.35%	13.03%	-3.49%
Cost of Revenue	17,162	17,143	17,492	19,450	17,543	15,383
Gross Profit	16,342	15,862	15,362	13,914	13,250	11,860
Selling, General & Admin	3,149	3,147	3,131	2,870	2,997	3,016
Research & Development	151	150	146	143	143	152
Other Operating Expenses	-108	-104	-	42	-26	-40
Operating Expenses	6,918	6,973	7,093	7,259	7,749	7,754
Operating Income	9,424	8,889	8,269	6,655	5,501	4,106
Interest Expense	-457	-487	-413	-215	-170	-239
Interest & Investment Income	228	228	197	117	40	55
Earnings From Equity Investments	149	173	169	190	132	95
Currency Exchange Gain (Loss)	-18	-11	-47	-18	-29	-28
Other Non Operating Income (Expenses)	3	3	16	35	53	85
EBT Excluding Unusual Items	9,329	8,795	8,191	6,764	5,527	4,074
Merger & Restructuring Charges	-60	-204	-52	-152	-330	-511
Gain (Loss) on Sale of Investments	-	-	-	-	52	-
Gain (Loss) on Sale of Assets	60	103	6	-9	-31	-78
Other Unusual Items	-36	-	-	-890	-	-16
Pretax Income	9,295	8,739	8,155	5,715	5,218	3,469
Income Tax Expense	2,041	2,002	1,814	1,434	1,262	847
Earnings From Continuing Operations	7,254	6,737	6,341	4,281	3,956	2,622
Earnings From Discontinued Operations	-	-	-	-	5	4
Net Income to Company	7,254	6,737	6,341	4,281	3,961	2,626
Minority Interest in Earnings	-161	-172	-142	-134	-135	-125
Net Income	7,093	6,565	6,199	4,147	3,826	2,501
Net Income to Common	7,093	6,565	6,199	4,147	3,826	2,501
Net Income Growth	11.12%	5.90%	49.48%	8.39%	52.98%	9.45%
Shares Outstanding (Basic)	472	479	488	500	517	527
Shares Outstanding (Diluted)	475	482	492	504	522	531
Shares Change (YoY)	-2.00%	-2.07%	-2.33%	-3.42%	-1.75%	-2.57%
EPS (Basic)	15.03	13.71	12.70	8.30	7.40	4.75
EPS (Diluted)	14.94	13.62	12.59	8.23	7.33	4.71
EPS Growth	13.37%	8.18%	52.98%	12.29%	55.70%	12.43%
Free Cash Flow	5,076	4,926	5,518	5,691	6,639	4,029
Free Cash Flow Per Share	10.69	10.22	11.21	11.29	12.72	7.58
Dividend Per Share	5.890	5.560	5.100	4.680	4.240	3.852
Dividend Growth	8.27%	9.02%	8.97%	10.38%	10.07%	10.06%
Gross Margin	48.78%	48.06%	46.76%	41.70%	43.03%	43.53%
Operating Margin	28.13%	26.93%	25.17%	19.95%	17.86%	15.07%
Profit Margin	21.17%	19.89%	18.87%	12.43%	12.43%	9.18%
Free Cash Flow Margin	15.15%	14.92%	16.80%	17.06%	21.56%	14.79%
EBITDA	13,150	12,669	12,085	10,859	10,136	8,732
EBITDA Margin	39.25%	38.39%	36.78%	32.55%	32.92%	32.05%
D&A For EBITDA	3,726	3,780	3,816	4,204	4,635	4,626
EBIT	9,424	8,889	8,269	6,655	5,501	4,106
EBIT Margin	28.13%	26.93%	25.17%	19.95%	17.86%	15.07%
Effective Tax Rate	21.96%	22.91%	22.24%	25.09%	24.19%	24.42%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q