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LINDE PLC (LIN)

As-reported financials and recent SEC filings for LINDE PLC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About LINDE PLC

Linde plc is a global industrial gas company that produces atmospheric gases like oxygen, nitrogen, and argon, as well as process gases including hydrogen, helium, carbon dioxide, and specialty gases. It serves diverse industries such as healthcare, chemicals, manufacturing, metals, food and beverage, and electronics. The company also designs and builds gas production plants and provides gas processing and distribution services through on-site plants, bulk liquid delivery, and packaged gases in cylinders.

Snapshot

Revenue
$33.99B
Revenue growth (YoY)
3.0%
Net income
$6.90B
Diluted EPS
$14.61
Gross margin
Operating margin
26.3%
Net margin
20.3%
FCF margin
15.0%
ROE
17.4%
P/E (TTM)
33.7×
Market cap
$234.42B
Debt / equity
0.5×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Linde

  • Revenue grew 3.0% to $34.0B in FY2025, faster than the 0.5% the year before.
  • Operating margin is 26.3% in FY2025, +10.1 pp against 16.2% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $8.8B, up 8.2% from Q1 FY2025.
  • Free cash flow was $5.1B in FY2025, 15.0% of revenue.
  • Net income rose 5.1% to $6.9B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Linde’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin26.3%
95th percentile of 189
Net margin20.3%
96th percentile of 221
FCF margin15.0%
88th percentile of 205
Revenue growth (YoY)+3.0%
55th percentile of 236
ROE17.4%
84th percentile of 217
P/E (TTM)33.7×
71st percentile of 133
Debt / equity0.52×
43rd percentile of 168
Short interest3.23d
37th percentile of 236

Linde’s net margin of 20.3% ranks in the 96th percentile of the 221 Materials companies reporting it. Linde’s operating margin of 26.3% ranks in the 95th percentile of the 189 Materials companies reporting it. Linde’s FCF margin of 15.0% ranks in the 88th percentile of the 205 Materials companies reporting it.

No open-market insider buys in the last 90 days; 2 insider sales totaling $2.6M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
2
$2.6M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-15
filed 2026-05-18
WOOD ROBERT LDirectorSell4.3K$506.39$2.2M
2026-05-14
filed 2026-05-18
WOOD ROBERT LDirectorSell880$508.76$448K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.5M
settled 2026-07-15
Change vs prior
-0.4%
vs previous settlement
Days to cover
3.23
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-156.5M-0.4%3.23
2026-06-306.6M-13.6%2.46
2026-06-157.6M+17.9%2.98
2026-05-296.4M-8.8%3.00
2026-05-157.1M+15.3%3.50
2026-04-306.1M-8.3%3.20
2026-04-156.7M-5.5%3.54
2026-03-317.1M+27.1%2.50

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$33.99B$33.01B$32.85B$33.36B$30.79B
Gross profit
Operating income$8.92B$8.63B$8.02B$5.37B$4.98B
Net income$6.90B$6.57B$6.20B$4.15B$3.83B
Diluted EPS$14.61$13.62$12.59$8.23$7.33

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$10.35B$9.42B$9.30B$8.86B$9.72B
Capital expenditure$5.26B$4.50B$3.79B$3.17B$3.09B
Free cash flow$5.09B$4.93B$5.52B$5.69B$6.64B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$8.78B8.2%$1.86B$3.98
Q4 FY2025$8.76B5.8%$1.53B$3.27
Q3 FY2025$8.62B3.1%$1.93B$4.09
Q2 FY2025$8.49B2.8%$1.77B$3.73
Q1 FY2025$8.11B0.1%$1.67B$3.51
Q4 FY2024$8.28B-0.2%$1.73B$3.60
Q3 FY2024$8.36B2.5%$1.55B$3.22
Q2 FY2024$8.27B0.8%$1.66B$3.44

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorMaterials
SIC industryIndustrial Inorganic Chemicals
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK1707925

Recent SEC filings

10-K2026-02-25
View on EDGAR →
10-K2025-02-26
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-05-13
View on EDGAR →
8-K2026-05-01
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.