Linde plc (LIN)

Nasdaq Materials Industrial Gases S&P 500Nasdaq-100

$515.25

-5.98 (-1.15%)

Close of Nov 06, 2026 · end-of-day data

Source: Linde plc's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.53B	$11.36B	$14.84B	$28.23B	$27.24B	$30.79B	$33.36B	$32.85B	$33.01B	$33.99B
Cost of revenue	—	$6.38B	$9.02B	$16.64B	$15.38B	$17.54B	$19.45B	$17.49B	$17.14B	$17.39B
Gross profit	—	$4.98B	$5.82B	$11.58B	$11.86B	$13.25B	$13.91B	$15.36B	$15.86B	$16.60B
Research & development	$92.00M	$93.00M	$113.00M	$184.00M	$152.00M	$143.00M	$143.00M	$146.00M	$150.00M	$147.00M
Selling, general & admin	$1.15B	$1.21B	$1.63B	$3.46B	$3.19B	$3.19B	$3.11B	$3.29B	$3.34B	$3.43B
Operating income	$2.25B	$2.44B	$5.25B	$2.93B	$3.32B	$4.98B	$5.37B	$8.02B	$8.63B	$8.92B
Interest expense	$208.00M	$230.00M	$297.00M	$284.00M	$277.00M	$227.00M	$63.00M	$200.00M	$256.00M	$255.00M
Pre-tax income	$2.05B	$2.29B	$5.05B	$2.93B	$3.38B	$5.10B	$5.54B	$7.99B	$8.57B	$8.90B
Income tax	$551.00M	$1.03B	$817.00M	$769.00M	$847.00M	$1.26B	$1.43B	$1.81B	$2.00B	$1.99B
Net income	$1.50B	$1.25B	$4.38B	$2.29B	$2.50B	$3.83B	$4.15B	$6.20B	$6.57B	$6.90B
EBITDA	$3.37B	$3.63B	$7.08B	$7.61B	$7.95B	$9.62B	$9.57B	$11.84B	$12.41B	$12.69B
EPS (basic)	$5.25	$4.36	$13.26	$4.22	$4.75	$7.40	$8.30	$12.70	$13.71	$14.69
EPS (diluted)	$5.21	$4.32	$13.11	$4.19	$4.71	$7.33	$8.23	$12.59	$13.62	$14.61
Diluted shares	287.76M	289.11M	334.13M	545.17M	531.16M	521.88M	504.04M	492.29M	482.09M	472.19M
Gross margin	—	43.8%	39.2%	41.0%	43.5%	43.0%	41.7%	46.8%	48.1%	48.8%
Operating margin	21.3%	21.5%	35.4%	10.4%	12.2%	16.2%	16.1%	24.4%	26.2%	26.3%
Net margin	14.2%	11.0%	29.5%	8.1%	9.2%	12.4%	12.4%	18.9%	19.9%	20.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$524.00M	$617.00M	$4.47B	$2.70B	$3.75B	$2.82B	$5.44B	$4.66B	$4.85B	$5.06B
Receivables	—	$1.71B	$4.30B	$4.32B	$4.17B	$4.50B	$4.56B	$4.72B	$4.62B	$4.97B
Inventory	—	$614.00M	$1.65B	$1.70B	$1.73B	$1.73B	$1.98B	$2.12B	$1.95B	$2.06B
Total current assets	—	$3.29B	$17.27B	$10.35B	$10.92B	$10.16B	$13.05B	$12.62B	$12.95B	$13.32B
Goodwill	$3.12B	$3.23B	$26.87B	$27.02B	$28.20B	$27.04B	$25.82B	$26.75B	$25.94B	$27.93B
Total assets	—	$20.44B	$93.39B	$86.61B	$88.23B	$81.61B	$79.66B	$80.81B	$80.15B	$86.82B
Total current liabilities	—	$3.31B	$12.96B	$12.16B	$13.74B	$13.64B	$16.48B	$15.72B	$14.54B	$15.20B
Short-term debt	—	$238.00M	$1.49B	$1.73B	$3.25B	$1.71B	$1.60B	$1.26B	$2.06B	$1.80B
Long-term debt	—	$7.78B	$12.29B	$10.69B	$12.15B	$11.34B	$12.20B	$13.40B	$15.34B	$20.68B
Total debt	—	$8.02B	$13.77B	$12.43B	$15.40B	$13.04B	$13.80B	$14.66B	$17.40B	$22.48B
Total liabilities	—	$13.91B	$36.29B	$34.98B	$38.65B	$36.16B	$38.27B	$39.72B	$40.66B	$47.08B
Shareholders' equity	$5.44B	$6.02B	$51.60B	$49.07B	$47.32B	$44.03B	$40.03B	$39.72B	$38.09B	$38.24B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$2.79B	$3.04B	$3.65B	$6.12B	$7.43B	$9.72B	$8.86B	$9.30B	$9.42B	$10.35B
Capital expenditures	$1.47B	$1.31B	$1.88B	$3.68B	$3.40B	$3.09B	$3.17B	$3.79B	$4.50B	$5.26B
Free cash flow	$1.32B	$1.73B	$1.77B	$2.44B	$4.03B	$6.64B	$5.69B	$5.52B	$4.93B	$5.09B
Investing cash flow	-$1.77B	-$1.31B	$5.36B	$1.19B	-$2.99B	-$3.01B	-$3.09B	-$4.67B	-$4.64B	-$5.72B
Financing cash flow	-$659.00M	-$1.66B	-$5.00B	-$9.00B	-$3.35B	-$7.59B	-$3.09B	-$5.40B	-$4.36B	-$4.55B
Dividends paid	$856.00M	$901.00M	$1.17B	$1.89B	$2.03B	$2.19B	$2.34B	$2.48B	$2.65B	$2.81B
Share buybacks	$228.00M	$12.00M	$599.00M	$2.66B	$2.46B	$4.61B	$5.17B	$3.96B	$4.48B	$4.60B
Stock-based compensation	$39.00M	$59.00M	$62.00M	$95.00M	$133.00M	$128.00M	$107.00M	$141.00M	$160.00M	$164.00M
Depreciation & amortization	$1.12B	$1.18B	$1.83B	$4.67B	$4.63B	$4.63B	$4.20B	$3.82B	$3.78B	$3.76B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$8.30B	$8.10B	$8.27B	$8.36B	$8.28B	$8.11B	$8.49B	$8.62B	$8.76B	$8.78B	$9.29B	$9.40B
Cost of revenue	$4.43B	$4.22B	$4.25B	$4.36B	$4.32B	$4.16B	$4.31B	$4.38B	$4.55B	$4.52B	$4.86B	$4.96B
Gross profit	$3.87B	$3.88B	$4.02B	$4.00B	$3.96B	$3.96B	$4.19B	$4.24B	$4.22B	$4.26B	$4.43B	$4.44B
Research & development	$39.00M	$38.00M	$36.00M	$37.00M	$39.00M	$38.00M	$38.00M	$36.00M	$35.00M	$38.00M	$37.00M	$37.00M
Selling, general & admin	$832.00M	$860.00M	$840.00M	$823.00M	$814.00M	$786.00M	$870.00M	$897.00M	$880.00M	$893.00M	$891.00M	$892.00M
Operating income	$2.03B	$2.10B	$2.18B	$2.09B	$2.27B	$2.18B	$2.35B	$2.37B	$2.02B	$2.44B	$2.55B	$2.15B
Interest expense	$71.00M	$65.00M	$70.00M	$68.00M	$53.00M	$60.00M	$67.00M	$64.00M	$64.00M	$62.00M	$61.00M	$71.00M
Pre-tax income	$2.00B	$2.08B	$2.16B	$2.06B	$2.26B	$2.18B	$2.35B	$2.36B	$2.01B	$2.43B	$2.55B	$2.13B
Income tax	$459.00M	$463.00M	$508.00M	$498.00M	$533.00M	$511.00M	$573.00M	$424.00M	$481.00M	$571.00M	$610.00M	$449.00M
Net income	$1.54B	$1.63B	$1.66B	$1.55B	$1.73B	$1.67B	$1.77B	$1.93B	$1.53B	$1.86B	$1.93B	$1.69B
EBITDA	$2.98B	$3.04B	$3.14B	$3.05B	$3.18B	$3.09B	$3.30B	$3.33B	$2.97B	$3.39B	$3.52B	$3.12B
EPS (basic)	$3.19	$3.38	$3.46	$3.24	$3.62	$3.53	$3.75	$4.11	$3.29	$4.00	$4.17	$3.67
EPS (diluted)	$3.16	$3.35	$3.44	$3.22	$3.60	$3.51	$3.73	$4.09	$3.27	$3.98	$4.15	$3.66
Diluted shares	-1.28M	485.59M	483.18M	480.90M	-1.09M	476.26M	473.57M	471.51M	-1.30M	466.32M	464.52M	462.51M
Gross margin	46.6%	48.0%	48.6%	47.9%	47.8%	48.8%	49.3%	49.2%	48.1%	48.5%	47.7%	47.2%
Operating margin	24.4%	25.9%	26.4%	25.0%	27.4%	26.9%	27.7%	27.5%	23.0%	27.8%	27.5%	22.9%
Net margin	18.6%	20.1%	20.1%	18.5%	20.8%	20.6%	20.8%	22.4%	17.5%	21.1%	20.8%	18.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$4.66B	$4.85B	$4.63B	$5.19B	$4.85B	$5.29B	$4.79B	$4.51B	$5.06B	$3.96B	$4.90B	$3.95B
Receivables	$4.72B	$5.01B	$5.00B	$4.87B	$4.62B	$4.95B	$5.23B	$5.33B	$4.97B	$5.32B	$5.63B	$5.59B
Inventory	$2.12B	$2.10B	$2.09B	$2.09B	$1.95B	$1.98B	$2.12B	$2.13B	$2.06B	$2.08B	$2.12B	$2.13B
Total current assets	$12.62B	$13.10B	$12.84B	$13.46B	$12.95B	$13.60B	$13.63B	$13.33B	$13.32B	$12.75B	$14.18B	$13.42B
Goodwill	$26.75B	$26.29B	$26.36B	$27.11B	$25.94B	$26.51B	$27.81B	$27.83B	$27.93B	$27.88B	$27.93B	$27.90B
Total assets	$80.81B	$80.35B	$80.22B	$82.55B	$80.15B	$82.70B	$86.08B	$85.99B	$86.82B	$86.31B	$88.35B	$88.08B
Total current liabilities	$15.72B	$14.39B	$13.50B	$14.05B	$14.54B	$14.48B	$14.71B	$16.19B	$15.20B	$15.39B	$16.13B	$15.64B
Short-term debt	$1.26B	$1.05B	$1.26B	$1.28B	$2.06B	$1.82B	$1.34B	$2.37B	$1.80B	$1.64B	$2.47B	$1.46B
Long-term debt	$13.40B	$15.23B	$16.93B	$17.48B	$15.34B	$17.61B	$19.70B	$18.59B	$20.68B	$19.86B	$20.68B	$20.59B
Total debt	$14.66B	$16.27B	$18.19B	$18.75B	$17.40B	$19.43B	$21.04B	$20.96B	$22.48B	$21.50B	$23.15B	$22.06B
Total liabilities	$39.72B	$40.12B	$40.66B	$41.94B	$40.66B	$43.24B	$46.09B	$45.91B	$47.08B	$46.22B	$47.72B	$47.08B
Shareholders' equity	$39.72B	$38.83B	$38.18B	$39.17B	$38.09B	$38.03B	$38.52B	$38.62B	$38.24B	$38.57B	$39.08B	$39.42B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$2.73B	$1.95B	$1.93B	$2.73B	$2.81B	$2.16B	$2.21B	$2.95B	$3.03B	$2.24B	$2.27B	$3.17B
Capital expenditures	$1.15B	$1.05B	$1.13B	$1.07B	$1.25B	$1.27B	$1.26B	$1.28B	$1.46B	$1.34B	$1.44B	$1.39B
Free cash flow	$1.58B	$906.00M	$796.00M	$1.67B	$1.56B	$891.00M	$954.00M	$1.67B	$1.57B	$898.00M	$833.00M	$1.78B
Investing cash flow	-$1.23B	-$1.04B	-$1.27B	-$957.00M	-$1.38B	-$1.37B	-$1.46B	-$1.43B	-$1.46B	-$1.38B	-$1.66B	-$1.33B
Financing cash flow	-$780.00M	-$668.00M	-$808.00M	-$1.27B	-$1.61B	-$388.00M	-$1.37B	-$1.78B	-$1.02B	-$1.97B	$321.00M	-$2.80B
Dividends paid	$616.00M	$669.00M	$665.00M	$662.00M	$659.00M	$708.00M	$704.00M	$701.00M	$698.00M	$741.00M	$738.00M	$735.00M
Share buybacks	$1.03B	$1.04B	$1.44B	$667.00M	$1.33B	$1.11B	$1.11B	$989.00M	$1.39B	$807.00M	$871.00M	$954.00M
Stock-based compensation	$39.00M	$38.00M	$40.00M	$42.00M	$40.00M	$42.00M	$46.00M	$45.00M	$31.00M	$41.00M	$19.00M	$44.00M
Depreciation & amortization	$949.00M	$949.00M	$958.00M	$960.00M	$913.00M	$910.00M	$942.00M	$961.00M	$950.00M	$951.00M	$963.00M	$965.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.