Saturday 17 October 2026 Export LIN’s income statement to Excel — free account

Linde PLC

Linde PLC’s revenue for fiscal 2025 (year ended December 2025) was $34.0 billion, up 2.97% from fiscal 2024. In the quarter to June 2026, revenue grew 9.35%, EPS grew 11.2%, free cash flow fell 12.7% and total debt rose 8.07%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for twenty-five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

498.43 5.21 +1.06%

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Market cap: $227.4B
P/E: 32.0×
Fwd P/E: 30.9×
Dividend yield: 1.26%
F-score: 6/9
Altman Z: 3.52
Beneish M: −2.63
Dividend safety: 77/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.05

Total sells 12.89

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	—	1	—	—
Sell	—	—	—	2	2	—	1	—	—	—	—	—

Insider Ownership 1.00%

Capital & Financial Ratios $m

Market Cap 227,360.00

Revenue 35,449.00

Net Income 7,244.00

Free Cash Flow 4,975.00

Net Debt 23,115.00

Current Ratio 0.88

Debt/Equity 0.69

P/E ratio 32.03

Fwd P/E 30.90

P/S ratio 6.50

P/B ratio 5.68

Past 5Y EPS Growth 25.41%

This Y EPS Growth 8.66%

Next Y EPS Growth 9.56%

Next Y revenue growth 6.92%

Next 5Y EPS Growth 9.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 38.08%

10-year low 10-year high

P/S against its own 10 years 84.92%

10-year low 10-year high

P/B against its own 10 years 67.23%

10-year low 10-year high

EV/Sales against its own 10 years 88.09%

10-year low 10-year high

EV/FCF against its own 10 years 90.42%

10-year low 10-year high

Dividends

Payout Ratio 0.41

Annual Dividend Rate 6.30

Annual Dividend Yield 1.26%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	6.43	1.60 1.60 1.60
2025	6.00	1.50 1.50 1.50 1.50
2024	5.56	1.39 1.39 1.39 1.39
2023	5.10	1.28 1.28 1.28 1.28
2022	4.68	1.17 1.17 1.17 1.17
2021	4.24	1.06 1.06 1.06 1.06
2020	3.85	0.96 0.96 0.96 0.96
2019	3.50	0.88 0.88 0.88 0.88
2018	3.30	0.83 0.83 0.83 0.83
2017	3.15	0.79 0.79 0.79 0.79
2016	3.00	0.75 0.75 0.75 0.75

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4,664	4,850	5,056	4,898
Receivables	4,718	4,622	4,966	5,632
Inventory	2,115	1,946	2,055	2,122
Other	196	263	269	432
	12,620	12,945	13,325	14,176

	2023	2024	2025	Q'26
Payables	3,020	2,507	2,810	2,837
ST’ Debt	5,976	6,280	6,306	7,335
Other	6,057	5,120	5,402	5,955
	15,717	14,544	15,198	16,127

Compound Annual Growth %

	10y	5y	3y
Sales	12.17%	4.52%	0.62%
Cash Flow	14.40%	6.86%	5.30%
Earnings	16.12%	22.50%	18.48%
Book Value	23.55%	(4.33%)	(1.34%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	8,781	9,289	—	—	—
’25	8,112	8,495	8,615	8,764	33,986
’24	8,100	8,267	8,356	8,282	33,005
’23	8,193	8,204	8,155	8,302	32,854
’22	8,211	8,457	8,797	7,899	33,364
’21	7,243	7,584	7,668	8,298	30,793
’20	6,739	6,377	6,855	7,272	27,243

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2,240	2,271	—	—	—
’25	2,161	2,211	2,948	3,030	10,350
’24	1,954	1,929	2,731	2,809	9,423
’23	1,908	2,150	2,520	2,727	9,305
’22	2,000	2,133	2,636	2,095	8,864
’21	2,109	1,827	2,556	3,233	9,725
’20	1,347	1,764	1,884	2,434	7,429

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	898	833	—	—	—
’25	891	954	1,672	1,572	5,089
’24	906	796	1,665	1,559	4,926
’23	1,079	1,291	1,572	1,576	5,518
’22	1,351	1,307	1,874	1,159	5,691
’21	1,347	1,083	1,815	2,394	6,639
’20	544	981	1,097	1,407	4,029

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.98	4.15	—	—	—
’25	3.51	3.73	4.09	3.26	14.61
’24	3.35	3.44	3.22	3.60	13.62
’23	3.06	3.19	3.19	3.16	12.59
’22	2.30	0.74	2.54	2.67	8.23
’21	1.86	1.60	1.88	1.98	7.33
’20	1.07	0.87	1.32	1.45	4.71

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	95.60	115.00	140.00	151.93	146.71	240.80	262.47	302.17	396.07	387.78	Analyst estimates 2026–2028 Powerpack
	High	125.00	156.40	169.75	214.26	269.78	346.97	352.18	434.21	487.49	486.38
People
People	Employees	26,498	26,461	80,820	79,886	74,207	72,327	65,010	66,323	65,289	65,177
	Revenue/emp, $m	0.40	0.43	0.18	0.35	0.37	0.43	0.51	0.50	0.51	0.52
Income, $m
Income, $m	Revenue	10,534	11,358	14,836	28,228	27,243	30,793	33,364	32,854	33,005	33,986
	Gross margin, %	44.42	43.81	39.20	41.04	43.53	43.03	41.70	46.76	48.06	48.83
	EBT	2,048	2,287	5,049	2,927	3,384	5,099	5,543	7,988	8,569	8,897
	EBT margin, %	19.44	20.14	34.03	10.37	12.42	16.56	16.61	24.31	25.96	26.18
	Net income	1,500	1,247	4,381	2,285	2,501	3,826	4,147	6,199	6,565	6,898
	Depreciation	1,122	1,184	2,198	4,687	4,626	4,635	4,204	3,816	3,780	3,763
Per share, $
Per share, $	Revenue	36.87	39.68	44.90	52.17	51.72	59.57	66.76	67.30	68.94	72.39
	Earnings	5.25	4.36	12.40	4.22	4.75	7.40	8.30	12.70	13.71	14.69
	Cash flow	9.76	10.62	11.06	11.31	14.10	18.81	17.74	19.06	19.68	22.05
	Capex	(5.13)	(4.58)	(5.70)	(6.80)	(6.45)	(5.97)	(6.35)	(7.76)	(9.39)	(11.21)
	Free cash flow	4.63	6.04	5.36	4.50	7.65	12.84	11.39	11.30	10.29	10.84
	Book value	19.05	22.75	172.76	95.22	94.11	87.89	82.79	84.15	82.45	84.62
	Shares, m	286	286	330	541	527	517	500	488	479	469
Valuation, ×
Valuation, ×	P/E	22.22	35.91	11.79	50.33	55.59	46.88	38.36	32.25	30.54	29.07
	P/S	3.17	3.94	3.48	4.08	5.09	5.82	4.77	6.09	6.07	5.89
	P/B	6.14	6.87	0.90	2.24	2.80	3.94	3.85	4.87	5.08	5.04
	EV/Sales	4.02	4.67	4.21	4.48	5.55	6.18	5.14	6.53	6.58	6.54
	EV/FCF	32.01	30.69	35.23	51.89	37.53	28.69	30.15	38.90	44.10	43.65
Cash, $m
Cash, $m	Operating cash flow	2,789	3,041	3,654	6,119	7,429	9,725	8,864	9,305	9,423	10,350
	Capex	(1,465)	(1,311)	(1,883)	(3,682)	(3,400)	(3,086)	(3,173)	(3,787)	(4,497)	(5,261)
	Free cash flow	1,324	1,730	1,771	2,437	4,029	6,639	5,691	5,518	4,926	5,089
Balance, $m
Balance, $m	Working capital	402	(22)	4,316	(1,808)	(2,816)	(3,484)	(3,432)	(3,097)	(1,599)	(1,873)
	Total debt	9,515	9,000	15,296	13,956	16,154	14,207	17,914	19,373	21,623	26,989
	Net debt	8,991	8,383	10,830	11,256	12,400	11,384	12,478	14,709	16,773	21,933
	Shareholders’ equity	5,441	6,511	57,080	51,522	49,569	45,428	41,374	41,082	39,475	39,728
Returns, %
Returns, %	ROA	7.97	6.27	7.70	2.54	2.86	4.51	5.14	7.73	8.16	8.26
	ROIC	9.73	10.26	4.83	2.92	3.35	5.48	6.23	8.99	9.59	9.04
	ROE	29.31	20.87	13.78	4.21	4.95	8.05	9.56	15.04	16.30	17.42

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LIN Linde PLC	$227.4B	32.0×	30.9×	+9.35% (above 0%: growing)	+11.20% (above 0%: growing)	−12.68% (below 0%: shrinking)	47.67%	27.49%
SHW The Sherwin-Williams Company	$81.8B	30.6×	28.0×	+7.52% (above 0%: growing)	+13.82% (above 0%: growing)	+33.68% (above 0%: growing)	49.17%	18.13%	Compare
ECL Ecolab Inc.	$81.5B	38.3×	32.3×	+9.69% (above 0%: growing)	+3.24% (above 0%: growing)	−2.91% (below 0%: shrinking)	44.07%	17.16%	Compare
APD Air Products and Chemicals, Inc.	$66.1B	— (loss-making)	21.5×	+4.58% (above 0%: growing)	n/m	+180.09% (above 0%: growing)	32.77%	(66.34%)	Compare
PPG PPG Industries, Inc.	$24.0B	15.3×	15.5×	+7.15% (above 0%: growing)	−1.01% (below 0%: shrinking)	+67.67% (above 0%: growing)	40.22%	14.15%	Compare
IFF International Flavors & Fragrances Inc.	$23.0B	83.2×	29.3×	+1.82% (above 0%: growing)	−91.63% (below 0%: shrinking)	+94.52% (above 0%: growing)	43.65%	8.09%	Compare
LYB LyondellBasell Industries N.V.	$20.2B	— (loss-making)	6.4×	+19.84% (above 0%: growing)	+388.57% (above 0%: growing)	+356.38% (above 0%: growing)	22.21%	16.81%	Compare
DD DuPont de Nemours, Inc.	$17.8B	290×	26.5×	+4.00% (above 0%: growing)	+150.00% (above 0%: growing)	+1,250.00% (above 0%: growing)	35.13%	16.38%	Compare
RPM RPM International Inc.	$12.8B	18.4×	18.3×	+4.82% (above 0%: growing)	+13.75% (above 0%: growing)	+33.14% (above 0%: growing)	41.25%	15.99%	Compare
Median of peers	$23.5B	34.5×	24.0×	+5.99%	+13.75%	+81.10%	40.74%	16.19%

All 60 Specialty Chemicals stocks →

Linde PLC (LIN) key facts

Strength: Linde PLC’s revenue for fiscal 2025 (year ended December 2025) was $34.0 billion, up 2.97% from fiscal 2024.
Strength: Net income was $6.9 billion, or $14.69 per share (basic), a net margin of 20.3%.
Linde PLC (LIN) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, LIN traded at $498.43, a market capitalization of $227.4 billion.
At that price the stock trades at 32.0× trailing-twelve-month earnings and 6.5× sales; its P/E is higher than 38% of its own readings over the past ten years.
Linde PLC pays an annual dividend of $6.30 per share, a yield of 1.26%, with a payout ratio of 40.7%.
Return on equity was 17.4% and debt-to-equity 0.69.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.52 (safe zone) for fiscal 2025.