COVERAGE / LIN / Materials

LINDE PLC

Industrial Inorganic Chemicals

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS2

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$33.99bn

Prior / $33.01bn

Change / +2.97%

SOURCE / 2026-02-25

Operating income

$8.92bn

Prior / $8.64bn

Change / +3.34%

SOURCE / 2026-02-25

Net income

$6.9bn

Prior / $6.57bn

Change / +5.07%

SOURCE / 2026-02-25

Diluted EPS

$14.61

Prior / $13.62

Change / +7.27%

SOURCE / 2026-02-25

Free cash flow

$5.09bn

Prior / $4.93bn

Change / +3.31%

SOURCE / 2026-02-25

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

26.25%

Prior / 26.16%

Change / +0.09 pp

SOURCE / 2026-02-25

Return on avg. equity

18.07%

Prior / 16.87%

Change / +1.20 pp

SOURCE / 2026-02-25

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 33986000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6898000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8923000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 14.61,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 10350000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 5261000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 86817000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 47076000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 38245000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 13325000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 15198000000,
    "accn": "0001628280-26-011430",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-25",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$33.99bn	$6.9bn	$5.09bn	$14.61
2024-12-31	$33.01bn	$6.57bn	$4.93bn	$13.62
2023-12-31	$32.85bn	$6.2bn	$5.52bn	$12.59
2022-12-31	$33.36bn	$4.15bn	$5.69bn	$8.23

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	31.38x	Unavailable	31.38x	3
P/S	Unavailable	Unavailable	4.04x	1
P/B	Unavailable	Unavailable	5.38x	1
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	Unavailable	0

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 458.48,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

LINDE PLC is an SEC-reporting issuer listed on NASDAQ under LIN. Its SEC industry description is Industrial Inorganic Chemicals. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Mining and industrial-materials businesses depend on commodity cycles, capacity, input costs and capital discipline.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-25PERIOD / 2025-12-31

Annual-disclosure reading guide for LIN: Volumes, realized prices, reinvestment and through-cycle cash generation. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0085LINEarnings Review

LIN: the annual earnings and cash-flow comparison ↗

LINDE PLC

Research abstract

A two-period review of LIN revenue, profitability and cash conversion; reported revenue growth was 2.97%.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

HR-0086LINCompany Research

LIN: reading the FY2025 financial structure ↗

LINDE PLC

Research abstract

Annual revenue of USD 33.986 billion and net income of USD 6.898 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Commodity pricing, production disruption, reserve quality, energy costs and capital execution.

Volumes, realized prices, reinvestment and through-cycle cash generation.

MATERIALS SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-25
SEC annual filing · 2024-12-31 ↗Source date 2026-02-25
SEC annual filing · 2023-12-31 ↗Source date 2026-02-25
SEC annual filing · 2022-12-31 ↗Source date 2025-02-26
SEC issuer record ↗Source date 2026-09-18