Income StatementBalance SheetCash FlowSegments
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Linde Business Segments

Business, geographic, and product segment breakdowns

Linde generates $34.7B in annual revenue across 4 key segments: Americas ($15.6B), APAC ($6.8B), Other ($1.4B), and EMEA ($8.7B). The company-wide operating margin is 26.48%. Based on the Q1 2026 filing.

Americas (TTM)$15.6BAPAC (TTM)$6.8BOther (TTM)$1.4BEMEA (TTM)$8.7BEngineering (TTM)$2.7B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$239.30B
P/E Ratio33.79
ROE18.16%

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales$2.7B$2.8B$2.8B$2.8B$2.8B—
Total long-lived assets$9.0B———$10.3B—

Business Segments

Cumulative translation adjustment - net of taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas-$4.4B-$4.2B-$4.0B-$3.9B-$3.9B-$3.8B
APAC-$1.7B-$1.7B-$1.1B-$1.2B-$1.2B-$1.2B
EMEA-$1.2B-$1.1B-$854.0M-$960.0M-$958.0M-$1.1B
Other$858.0M$358.0M-$709.0M-$666.0M-$616.0M-$415.0M
Engineering-$432.0M-$206.0M$304.0M$269.0M$283.0M$179.0M
Total Segments-$7.0B———-$6.4B—

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$359.0M$367.0M$374.0M$380.0M$383.0M$379.0M
EMEA$161.0M$159.0M$169.0M$176.0M$177.0M$175.0M
APAC$154.0M$162.0M$168.0M$171.0M$173.0M$174.0M
Other$24.0M$23.0M$25.0M$24.0M$23.0M$25.0M
Engineering$9.0M$8.0M$8.0M$8.0M$8.0M$7.0M

Expenditures for long-lived assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$701.3M$857.0M$857.0M$857.0M$857.0M—
APAC$264.8M$294.3M$294.3M$294.3M$294.3M—
Other$55.8M$76.0M$76.0M$76.0M$76.0M—
EMEA$175.5M$182.3M$182.3M$182.3M$182.3M—
Engineering$6.3M$8.8M$8.8M$8.8M$8.8M—

Fixed costs and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$749.0M$767.0M$805.0M$813.0M$809.0M$798.0M
EMEA$441.0M$429.0M$480.0M$487.0M$474.0M$490.0M
Engineering$237.0M$228.0M$247.0M$235.0M$247.0M$241.0M
APAC$186.0M$178.0M$194.0M$213.0M$199.0M$209.0M
Other$158.0M$160.0M$191.0M$203.0M$191.0M$189.0M

Foreign currency translation and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas-$14.0M$10.3M$10.3M$10.3M$10.3M—
APAC-$63.3M$60.8M$60.8M$60.8M$60.8M—
Corporate And Other-$5.3M$2.8M$2.8M$2.8M$2.8M—
EMEA-$134.5M$284.3M$284.3M$284.3M$284.3M—
Engineering-$37.5M$76.5M$76.5M$76.5M$76.5M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$9.8B———$9.9B—
APAC$4.3B———$4.6B—
Corporate And Other$272.0M———$285.0M—
EMEA$9.3B———$10.6B—
Engineering$2.3B———$2.6B—

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$47.8M$7.8M$7.8M$7.8M$7.8M—
APAC$4.3M$24.8M$24.8M$24.8M$24.8M—
Corporate And Other$0.0$500.0K$500.0K$500.0K$500.0K—
EMEA$0.0$30.0M$30.0M$30.0M$30.0M—
Engineering$0.0$0.0$0.0$0.0$0.0—

Operating Income (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$1.2B$1.1B$1.2B$1.2B$1.2B$1.3B
EMEA$686.0M$722.0M$780.0M$781.0M$772.0M$784.0M
APAC$500.0M$451.0M$490.0M$490.0M$502.0M$477.0M
Engineering$106.0M$114.0M$90.0M$101.0M$103.0M$101.0M
Other$38.0M$14.0M-$13.0M-$13.0M—-$4.0M

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$3.6B$3.7B$3.8B$3.8B$3.9B$4.0B
EMEA$2.1B$2.0B$2.2B$2.2B$2.2B$2.2B
APAC$1.7B$1.5B$1.7B$1.7B$1.7B$1.7B
Engineering$628.0M$601.0M$619.0M$728.0M$754.0M$573.0M
Other$318.0M$311.0M$315.0M$331.0M$361.0M$367.0M

Variable costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$1.4B$1.4B$1.4B$1.5B$1.5B$1.6B
APAC$828.0M$748.0M$803.0M$867.0M$852.0M$841.0M
EMEA$771.0M$721.0M$733.0M$734.0M$755.0M$722.0M
Engineering$276.0M$215.0M$206.0M$175.0M$257.0M$168.0M
Other$98.0M$114.0M$112.0M$117.0M$141.0M$157.0M