logo
Twitter
Discord
Email
logo
Linde plc

Linde plc

NASDAQ•LIN
CEO: Mr. Sanjiv Lamba
Sector: Basic Materials
Industry: Chemicals - Specialty
Listing Date: 1992-06-17
Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves a range of industries, including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. The company was founded in 1879 and is based in Woking, the United Kingdom.
Contact Information
Forge, 43 Church Street West, Woking, GU21 6HT, United Kingdom
44-14-8324-2200
www.linde.com
Market Cap
$183.33B
P/E (TTM)
25.9
26
Dividend Yield
1.5%
52W High
$486.38
52W Low
$387.78
52W Range
5%
Rank25Top 8.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$8.62B+3.10%
4-Quarter Trend

EPS

$4.11+26.85%
4-Quarter Trend

FCF

$1.67B+0.42%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Quarterly Profit Growth Q3 Sales reached $8.62 B, increasing 3%; Operating Profit grew 13% to $2.37 B year-to-date.
Net Income Surges Net Income for Linde plc totaled $1.93 B for the quarter, marking a substantial 24% increase over prior year results.
Diluted EPS Rises Diluted EPS showed strong growth at $4.09 for the quarter, reflecting a 27% improvement compared to Q3 2024.
Cash Flow Operations Stronger Cash provided by operations for nine months totaled $7.32 B, an 11% increase driven by higher adjusted net income.

Risk Factors

Significant Russian Legal Liabilities Contingent liability remains high at $1.2 B related to ongoing Russian Claims and enforcement actions despite favorable HKIAC rulings.
Amur GPP Contract Exposure Contingent liability of $0.7 B exists for Amur GPP contract matters, including damages sought by Gazprom entities in Russia.
Increased Capital Spending Usage Net cash used for investing activities increased 30% to $4.26 B due to higher capital expenditures and acquisition spend.
Volume Declines Noted Nine-month sales volumes decreased 1%, partially offset by new project start-ups, indicating underlying demand softness in some areas.

Outlook

Share Repurchase Authorization $8.7 B in share repurchases remain authorized under the 2023 program as of September 30, 2025, supporting capital return.
Engineering Backlog Value Large projects backlog stands at approximately $7.1 B in estimated total capital cost for construction as of September 30, 2025.
Pension Contribution Estimates Estimated 2025 required pension contributions range between $25 M and $35 M, with $20 M already contributed year-to-date.
Executive Share Plan Adopted New Rule 10b5-1 plan adopted by Chief Legal Officer for future sales of Ordinary Shares through March 31, 2026.

Peer Comparison

Revenue (TTM)

Linde plcLIN
$33.50B
+1.5%
The Sherwin-Williams CompanySHW
$23.28B
+1.0%
Ecolab Inc.ECL
$15.89B
+1.4%

Gross Margin (Latest Quarter)

WD-40 CompanyWDFC
54.7%
+0.6pp
The Sherwin-Williams CompanySHW
49.2%
+0.0pp
Ecolab Inc.ECL
44.8%
+1.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LIN$183.33B25.918.5%27.4%
SHW$81.07B31.260.5%51.8%
ECL$72.99B36.821.6%36.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.3%
Moderate Growth
4Q Net Income CAGR
3.8%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$4.18
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 31, 2025|
    Revenue: $8.62B+3.1%
    |
    EPS: $4.11+26.9%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $8.50B+2.8%
    |
    EPS: $3.75+8.4%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $8.11B+0.1%
    |
    EPS: $3.53+4.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $33.01B+0.5%
    |
    EPS: $13.71+8.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $8.36B+2.5%
    |
    EPS: $3.24+0.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $8.27B+0.8%
    |
    EPS: $3.46+7.5%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $8.10B-1.1%
    |
    EPS: $3.38+10.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $32.85B-1.5%
    |
    EPS: $12.70+53.0%
    Beat