Your Best Stock

Linde LIN

US equityMarket cap rank #68Specialty ChemicalsHydrogen Energy
$469.62
−$0.11 (-0.02%)
Market open · Sep 24, 1:10 pm ET
After hours $469.72 0.00%
Open$469.53
Prev close$469.72
Day range$468.56 – $472.17
Volume1.05M
Market cap$216.48B
P/E (TTM)30.3
Dividend yield1.32%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$9.29B+9.3% YoY
Operating profit$2.54B+8.5% YoY
Net profit$1.97B+9.2% YoY
Diluted EPS$4.15+11.3% YoY
Free cash flow$833.00M-12.7% YoY
Operating cash flow$2.27B

Revenue, last 8 quarters

$8.4BSep '24$8.3BDec '24$8.1BMar '25$8.5BJun '25$8.6BSep '25$8.8BDec '25$8.8BMar '26$9.3BJun '26

Net profit, last 8 quarters

$1.6BSep '24$1.8BDec '24$1.7BMar '25$1.8BJun '25$2.0BSep '25$1.6BDec '25$1.9BMar '26$2.0BJun '26

Diluted EPS by quarter

3.22Sep '243.60Dec '243.51Mar '253.73Jun '254.09Sep '253.26Dec '253.98Mar '264.15Jun '26

Free cash flow by quarter

$1.7BSep '24$1.6BDec '24$891.0MMar '25$954.0MJun '25$1.7BSep '25$1.6BDec '25$898.0MMar '26$833.0MJun '26

Annual revenue

$27.2BFY20$30.8BFY21$33.4BFY22$32.9BFY23$33.0BFY24$34.0BFY25

Profitability & balance sheet

Gross margin48.3%
Operating margin27.1%
Net margin20.4%
Return on equity18.7%
Return on assets8.3%
Return on invested capital11.6%
Current ratio0.88
Liabilities / assets54.0%
Cash & investments$4.90B
Total debt$28.01B
Net cash (debt)-$23.12B
Free cash flow / sales14.0%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Americas$4.08B 44.0%
  • Europe, Middle East and Africa (EMEA)$2.30B 24.8%
  • Asia Pacific (APAC)$1.87B 20.1%
  • Engineering$625.00M 6.7%
  • Other$408.00M 4.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $9.29B $8.78B $33.99B $8.76B $8.62B
Total Operating Revenue $9.29B $8.78B $33.99B $8.76B $8.62B
Cost of Revenue $4.86B $4.52B $17.39B $4.55B $4.38B
Gross Profit $4.43B $4.26B $16.60B $4.22B $4.24B
Operating Expense $1.89B $1.88B $7.34B $1.87B $1.89B
Selling and Admin Expenses $891.00M $893.00M $3.43B $880.00M $897.00M
Research & Development $37.00M $38.00M $147.00M $35.00M $36.00M
Depreciation & Amortization & Depletion $963.00M $951.00M $3.76B $950.00M $961.00M
-Depreciation & Amortization $963.00M $951.00M $3.76B $950.00M $961.00M
Operating Profit $2.54B $2.38B $9.25B $2.35B $2.34B
Net Non-Operating Interest Income (Expense) -$61.00M -$62.00M -$255.00M -$64.00M -$64.00M
Non-Operating Interest Expense $61.00M $62.00M $464.00M $273.00M $64.00M
Other Income (Expense) $70.00M $117.00M -$102.00M -$277.00M $82.00M
Other Non-Operating Income (Expenses) $70.00M $54.00M $328.00M $153.00M $82.00M
Pretax Profit $2.55B $2.43B $8.90B $2.01B $2.36B
Tax $610.00M $571.00M $1.99B $481.00M $424.00M
Earnings from Equity Interest Net of Tax $36.00M $40.00M $150.00M $43.00M $36.00M
Net Profit $1.97B $1.90B $7.06B $1.57B $1.97B
Profit from Continuing Operations $1.97B $1.90B $7.06B $1.57B $1.97B
Minority Interests $44.00M $43.00M $160.00M $43.00M $43.00M
Net Income to Parent Company $1.93B $1.86B $6.90B $1.53B $1.93B
Net Income to Common Stockholders $1.93B $1.86B $6.90B $1.53B $1.93B
Basic EPS $4.17 $4.00 $14.69 $3.28 $4.11
Diluted EPS $4.15 $3.98 $14.61 $3.26 $4.09
Dividend Per Share $1.60 $1.60 $6.00 $1.50 $1.50
Special Income (Charges) $63.00M -$417.00M
-Gain on Sale Of Business $63.00M $35.00M
-Selling & Marketing Expense $1.35B
-General & Admin Expense $2.08B
Non-Operating Interest Income $209.00M
Gain on Sale of Security -$13.00M
-Less:Restructuring and Mergern & Acquisition $488.00M
-Less:Other Special Charges -$2.00M
-Gain on Sale of Property/Plant/Equipment $34.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $88.35B $86.32B $86.82B $86.82B $85.99B
Total Current Assets $14.18B $12.75B $13.33B $13.33B $13.33B
Cash and Cash Equivalents & Short-Term Investments $4.90B $3.96B $5.06B $5.06B $4.51B
-Cash and Cash Equivalents $4.90B $3.96B $5.06B $5.06B $4.51B
Receivables $6.06B $5.64B $5.46B $5.46B $5.56B
-Accounts Receivable $5.63B $5.32B $4.97B $4.97B $5.33B
-Other Receivables $432.00M $321.00M $269.00M $269.00M $228.00M
Inventory $2.12B $2.08B $2.06B $2.06B $2.13B
Other Current Assets $1.09B $1.07B $97.00M $97.00M $1.14B
Total Non-Current Assets $74.17B $73.56B $73.49B $73.49B $72.66B
Net PPE $29.17B $28.56B $29.34B $29.34B $27.54B
Goodwill and Other Intangible Assets $39.49B $39.56B $39.80B $39.80B $39.76B
-Goodwill $27.93B $27.88B $27.93B $27.93B $27.83B
-Other Intangible Assets $11.56B $11.67B $11.87B $11.87B $11.93B
Other Non-Current Assets $5.51B $5.45B $280.00M $280.00M $5.37B
Total Liabilities $47.72B $46.22B $47.08B $47.08B $45.91B
Total Current Liabilities $16.13B $15.39B $15.20B $15.20B $16.19B
Payables $2.84B $2.66B $3.83B $3.83B $2.65B
-Accounts Payable $2.84B $2.66B $2.81B $2.81B $2.65B
Short-Term Debt and Capital Lease Obligation $7.34B $6.46B $6.57B $6.57B $7.33B
-Current Debt $7.34B $6.46B $6.31B $6.31B $7.33B
Current Deferred Liabilities $1.13B $1.17B $1.23B $1.23B $1.28B
Other Current Liabilities $4.83B $5.11B $1.27B $1.27B $4.93B
Total Non-Current Liabilities $31.59B $30.83B $31.88B $31.88B $29.72B
Long Term Debt and Capital Lease Obligation $20.68B $19.86B $21.50B $21.50B $18.59B
-Long Term Debt $20.68B $19.86B $20.68B $20.68B $18.59B
Other Non-Current Liabilities $10.91B $10.97B $2.45B $2.45B $11.12B
Total Equity $40.63B $40.09B $39.74B $39.74B $40.09B
Stockholders' Equity $39.08B $38.57B $38.25B $38.25B $38.62B
Capital Stock $1.00M $1.00M $1.00M $1.00M $1.00M
-Common Stock $1.00M $1.00M $1.00M $1.00M $1.00M
Additional Paid-In Capital $39.13B $39.18B $39.43B $39.43B $39.41B
Retained Earnings $18.80B $17.64B $16.61B $16.61B $15.80B
Less: Treasury Stock $12.93B $12.10B $11.56B $11.56B $10.18B
Gains/Losses Not Affecting Retained Earnings -$5.93B -$6.15B -$6.23B -$6.23B -$6.41B
Minority Interests $1.55B $1.53B $1.50B $1.50B $1.47B
-Taxes Receivable $229.00M $229.00M
Prepaid Assets $546.00M $546.00M
-Gross PPE $69.16B $69.16B
-Accumulated Depreciation -$39.82B -$39.82B
Investments and Advances $2.12B $2.12B
-Long Term Equity Investment $2.02B $2.02B
Financial Assets $10.00M $10.00M
Non Current Accounts Receivables $96.00M $96.00M
Non-Current Prepaid Assets $62.00M $62.00M
Defined Pension Benefit $1.30B $1.30B
Non-Current Deferred Assets $486.00M $486.00M
-Total Tax Payable $1.02B $1.02B
Current Accrued Expenses $2.24B $2.24B
-Current Capital Lease Obligation $261.00M $261.00M
Current Provisions $21.00M $21.00M
Long Term Accounts Payable and Other Payables $230.00M $230.00M
-Long Term Capital Lease Obligation $819.00M $819.00M
Derivative Product Liabilities $2.00M $2.00M
Non-Current Liabilities $381.00M $381.00M
Non-Current Deferred Liabilities $6.84B $6.84B
Employee Benefits $473.00M $473.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $2.27B $2.24B $10.35B $3.03B $2.95B
Net cash flow from continuing operations $2.27B $2.24B $10.35B $3.03B $2.95B
Net Income from Continuing Operations $1.89B $1.90B $7.06B $1.69B $1.93B
Depreciation & Depletion & Amortization $963.00M $951.00M $3.76B $950.00M $961.00M
Deferred Tax -$20.00M $8.00M -$465.00M -$7.00M -$445.00M
Other Non-Cash Items -$196.00M -$51.00M $70.00M $145.00M -$28.00M
Change in Working Capital -$380.00M -$609.00M -$240.00M $221.00M $486.00M
-Change in Receivables -$290.00M -$361.00M -$122.00M $257.00M -$70.00M
-Change in Inventory -$41.00M -$48.00M $47.00M $84.00M -$1.00M
-Change in Prepaid Assets $0.00 -$52.00M $55.00M $59.00M $77.00M
-Change in Payables and Accrued Expense $56.00M $35.00M -$148.00M -$83.00M $434.00M
-Change In Other Working Capital -$105.00M -$183.00M -$72.00M -$96.00M $46.00M
Net cash flow from investing -$1.66B -$1.38B -$5.72B -$1.46B -$1.43B
Net Cash Flow from Continuing Investing Activities -$1.66B -$1.38B -$5.72B -$1.46B -$1.43B
Capital Expenditure -$1.44B -$1.34B -$5.26B -$1.46B -$1.28B
Net Business Purchase and Sale -$221.00M -$41.00M -$370.00M -$8.00M -$116.00M
Financing Cash Flow $321.00M -$1.97B -$4.55B -$1.02B -$1.78B
Net Cash Flow from Continuing Financing Activities $321.00M -$1.97B -$4.55B -$1.02B -$1.78B
Net Issuance Payments Of Debt $1.98B -$336.00M $2.91B $994.00M $78.00M
Net Common Stock Issuance -$852.00M -$804.00M -$4.58B -$1.39B -$984.00M
Cash Dividends Paid -$738.00M -$741.00M -$2.81B -$698.00M -$701.00M
Net Other Financing Charges -$70.00M -$87.00M -$76.00M $73.00M -$175.00M
Ending Cash Balance $4.90B $3.96B $5.06B $5.06B $4.51B
Net Change in Cash $934.00M -$1.11B $75.00M $551.00M -$268.00M
Beginning Cash Balance $3.96B $5.06B $4.85B $4.51B $4.79B
Effect of Exchange Rate Changes $5.00M $15.00M $131.00M -$4.00M -$9.00M
Free Cash Flow $833.00M $898.00M $5.09B $1.57B $1.67B
Net Other Investing Changes -$1.00M -$90.00M $5.00M -$42.00M
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