Linde plc (LIN)

Linde Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	35,449	33,986	33,005	32,854	33,364	30,793
Revenue Growth	6.63%	2.97%	0.46%	-1.53%	8.35%	13.03%
Gross Profit Gross Profit Growth	17,139	16,597	15,862	15,362	13,914	13,250
Operating Income Operating Income Growth	9,997	9,580	8,889	8,269	6,655	5,501
Net Income Net Income Growth	7,244	6,898	6,565	6,199	4,147	3,826
Earnings Per Share EPS Growth	15.50	14.61	13.62	12.59	8.23	7.33
EPS Growth	10.16%	7.27%	8.18%	52.98%	12.29%	55.70%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Merchant Merchant Growth	10,559	10,159	9,778	9,603	8,691	7,860
On-Site On-Site Growth	8,448	8,083	7,656	7,825	8,934	7,345
Packaged Gas Packaged Gas Growth	12,261	11,853	11,623	11,654	10,871	10,551
Other Product Other Product Growth	4,181	3,891	3,948	3,772	4,868	5,037
Revenue (Total) Revenue (Total) Growth	35,449	33,986	33,005	32,854	33,364	30,793

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	4,898	5,056	4,850	4,664	5,436	2,823
Total Debt Total Debt Growth	28,013	28,069	22,609	20,315	18,791	15,216
Net Cash (Debt) Net Cash Growth	-23,115	-23,013	-17,759	-15,651	-13,355	-12,393
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-49.44	-48.74	-36.84	-31.79	-26.50	-23.75

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	10,489	10,350	9,423	9,305	8,864	9,725
Capital Expenditures CapEx Growth	-5,514	-5,261	-4,497	-3,787	-3,173	-3,086
Free Cash Flow Free Cash Flow Growth	4,975	5,089	4,926	5,518	5,691	6,639
Free Cash Flow Growth	-1.85%	3.31%	-10.73%	-3.04%	-14.28%	64.78%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	48.35%	48.84%	48.06%	46.76%	41.70%	43.03%
Operating Margin	28.20%	28.19%	26.93%	25.17%	19.95%	17.86%
Pretax Margin	26.81%	26.62%	26.48%	24.82%	17.13%	16.95%
Profit Margin	20.43%	20.30%	19.89%	18.87%	12.43%	12.43%
FCF Margin	14.03%	14.97%	14.92%	16.80%	17.06%	21.56%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	6.400	6.000	5.560	5.100	4.680	4.240
Dividend Per Share Growth	6.96%	7.91%	9.02%	8.97%	10.38%	10.07%
Dividend Yield	1.31%	1.42%	1.35%	1.28%	1.50%	1.30%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 22, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	31.46	28.86	30.37	32.13	38.74	46.09
Forward PE	26.08	24.47	25.40	27.21	25.83	30.33
P/FCF Ratio	45.18	39.12	40.47	36.09	28.23	26.56
PS Ratio	6.34	5.86	6.04	6.06	4.82	5.73

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jul 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

Data Sources Report a data error