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Linde

LIN

Linde plc is the world's largest industrial gas company, specializing in the production, sale, and distribution of atmospheric and process gases.

Market cap
$243.97B+9.0%
Revenue$34.7B+5.0%
Net income$7.1B+7.1%
Free cash flow$5.1B+3.8%
EPS (diluted)$15.07+9.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 31, 2026 (In 3 weeks)
Revenue estimate$9.0B
EPS estimate$4.48

Financials

Q1 2026

Income statement

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Revenue$8.8B+8.2%
Gross profit$4.3B+7.7%
Operating income$2.4B+11.7%
Net income$1.9B+11.0%
EPS (diluted)$3.98+13.4%

Balance sheet

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Cash & equivalents$4.0B-25.2%
Total debt$31.1B+9.8%
Total equity$38.6B+1.4%
Total assets$86.3B+4.4%

Cash flow

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Operating cash flow$2.2B+3.7%
CapEx$1.3B+5.7%
Free cash flow$898.0M+0.8%

Valuation & ratios

Valuation

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Market cap$243.97B+9.0%
Enterprise value$271.15B+8.5%
P/E34.5×+1.1×
P/S+0.3×

Profitability

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Gross margin48.8%+0.5pp
Operating margin26.5%+0.1pp
Net margin20.4%+0.4pp
FCF margin14.7%-0.2pp

Returns & leverage

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Return on equity18.5%+1.3pp
Debt / equity0.8×+0.1×
Current ratio0.8×-0.1×

Segments

By segment

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Americas$4.0B+9.8%
EMEA$2.2B+6.9%
APAC$1.7B+10.5%
Engineering$573.0M-4.7%
Other$367.0M+18.0%

Competitors

Profile

Linde plc is the world's largest industrial gas company, specializing in the production, sale, and distribution of atmospheric and process gases. The company provides essential gas supply and infrastructure solutions, leveraging proprietary technology to design and build complex gas processing plants for a wide range of industrial applications.

Competitive position

Linde is the global market leader in the industrial gas industry with a dominant technological position in gas processing and plant engineering.

GeographiesGlobal, United Kingdom, United States, Ireland
Customer segmentsHealthcare, Chemicals and Energy, Manufacturing, Metals and Mining, Food and Beverage, Electronics
Business modelManufacturing, Engineering and Construction (EPC), Long-term take-or-pay contracts
SuppliersElectricity and energy providers, Raw material suppliers for plant construction, Natural gas feedstock
CustomersHospitals, Semiconductor manufacturers, Steel mills, Oil refineries, Food preservation facilities
Listed1992
Employees66.2K
CEOSanjiv Lamba
Websitelinde.com
FilingsSEC EDGAR

Questions, answered.

What is Linde's market cap?
Linde (LIN) has a market capitalization of $243.97B and trades on NASDAQ.
What is Linde's revenue and profitability?
Linde generated $34.7B in trailing twelve-month revenue with net income of $7.1B, representing a net margin of 20.4%. Gross margin stands at 48.8%, with free cash flow of $5.1B. These figures are based on the Q1 2026 filing.
Who are Linde's competitors?
Linde's key competitors include Air Products and Chemicals, LSB INDUSTRIES INC, ASP Isotopes Inc. Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Linde have?
Linde's subsidiaries include Praxair.
Where is Linde headquartered?
Linde is headquartered in United Kingdom and employs approximately 66,195 people. It has been publicly traded since 1992.