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Linde LIN APAC — Fixed costs and other

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CWKAPAC — Other direct costs
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CWKAPAC — Other indirect and overhead costs
$17.6M-33.3%
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CWKAPAC — Direct employment costs
$114.2M+8.3%
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CWKAPAC — Gross contract costs
$192.2M+9.4%
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CWKAPAC — Indirect and overhead employment costs
$35.8M+12.9%
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ESABEMEA and APAC Segment — Other Cost and Expense, Operating
$69.73M+59.3%

Other financials

Income statement

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Revenue$9.3B+9.3%
Gross profit$4.3B+7.7%
Operating income$2.4B+11.7%
Net income$1.9B+9.2%
EPS (diluted)$4.15+11.3%

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

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Market cap$226.36B+2.4%
Enterprise value$253.54B+5.6%
P/E31.3×-1.7×
P/S6.4×-0.3×

Profitability

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Gross margin48.8%+0.5pp
Operating margin26.5%+0.1pp
Net margin20.4%+0.2pp
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×

Where this comes from

Reported directly by Linde in its filing.

Tagged under the XBRL concept lin:FixedCostsAndOther.

The source filing: Linde’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 10:38 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-029165
(Millions of dollars)AmericasEMEAAPACEngineeringOtherTotal
2026
Sales (a)$4,025$2,171$1,701$517$367$8,781
Variable Costs (b)1,5767228411681573,464
Fixed Costs and other (c)7984902092411891,927
Depreciation and amortization (d)379175174725760
Operating Profit (e)$1,272$784$477$101$(4)$2,630
2025
Sales (a)$3,666$2,031$1,539$565$311$8,112

Item 1. Financial Statement

FAQ

What is Linde's APAC — fixed costs and other?
Linde (LIN) reported APAC — fixed costs and other of $209M in Q1 2026.
How has Linde's APAC — fixed costs and other changed year-over-year?
Linde's APAC — fixed costs and other increased by 17.4% year-over-year, from $178M to $209M.
What is the long-term trend for Linde's APAC — fixed costs and other?
Over 3 years (2022 to 2025), Linde's APAC — fixed costs and other has grown at a -0.4% compound annual growth rate (CAGR), from $794M to $784M.
What does APAC — fixed costs and other mean?
These are the costs incurred by the APAC segment that remain relatively constant regardless of the volume of production or sales. This typically includes facility overhead, administrative expenses, and other non-variable operational costs.

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