Investing
CapEx
Linde CapEx increased by 14.3% to $1.46B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.6%, from $1.25B to $1.46B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 14.3% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $744.00M | $741.00M | $839.00M | $649.00M | $826.00M | $762.00M | $936.00M | $829.00M | $859.00M | $948.00M | $1.15B | $1.05B | $1.13B | $1.07B | $1.25B | $1.27B | $1.26B | $1.28B | $1.46B |
| QoQ Change | — | -0.4% | +13.2% | -22.6% | +27.3% | -7.7% | +22.8% | -11.4% | +3.6% | +10.4% | +21.4% | -8.9% | +8.1% | -5.9% | +17.3% | +1.6% | -1.0% | +1.5% | +14.3% |
| YoY Change | — | — | — | — | +11.0% | +2.8% | +11.6% | +27.7% | +4.0% | +24.4% | +23.0% | +26.4% | +31.9% | +12.4% | +8.6% | +21.2% | +10.9% | +19.7% | +16.6% |
Range$649.00M – $1.46B
CAGR+16.1%
Avg YoY Growth+16.8%
Median YoY Growth+16.6%
Current Streak2 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Linde's capex?
- Linde (LIN) reported capex of $1.46B in Q4 2025.
- How has Linde's capex changed year-over-year?
- Linde's capex increased by 16.6% year-over-year, from $1.25B to $1.46B.
- What is the long-term trend for Linde's capex?
- Over 4 years (2021 to 2025), Linde's capex has grown at a 14.3% compound annual growth rate (CAGR), from $3.09B to $5.26B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.