Linde LIN
$515.25 −$5.98 (-1.15%)
Market closed · Nov 8, 9:50 pm ET · Last extended-hours $514.89 -0.07%
Open$510.86
Prev close$521.23
Day range$510.01 – $522.00
Volume2.39M
Market cap$236.54B
P/E (TTM)34.2
Dividend yield1.22%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$9.40B+9.2% YoY
Operating profit$2.55B+8.8% YoY
Net profit$1.74B-11.8% YoY
Diluted EPS$3.66-10.5% YoY
Free cash flow$1.78B+6.3% YoY
Operating cash flow$3.17B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin47.9%
Operating margin27.1%
Net margin19.3%
Return on equity18.0%
Return on assets8.1%
Return on invested capital11.3%
Current ratio0.86
Liabilities / assets53.5%
Cash & investments$3.95B
Total debt$26.70B
Net cash (debt)-$22.76B
Free cash flow / sales14.0%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $9.40B | $9.29B | $8.78B | $33.99B | $8.76B |
| Total Operating Revenue | $9.40B | $9.29B | $8.78B | $33.99B | $8.76B |
| Cost of Revenue | $4.96B | $4.86B | $4.52B | $17.39B | $4.55B |
| Gross Profit | $4.44B | $4.43B | $4.26B | $16.60B | $4.22B |
| Operating Expense | $1.89B | $1.89B | $1.88B | $7.34B | $1.87B |
| Selling and Admin Expenses | $892.00M | $891.00M | $893.00M | $3.43B | $880.00M |
| Research & Development | $37.00M | $37.00M | $38.00M | $147.00M | $35.00M |
| Depreciation & Amortization & Depletion | $965.00M | $963.00M | $951.00M | $3.76B | $950.00M |
| -Depreciation & Amortization | $965.00M | $963.00M | $951.00M | $3.76B | $950.00M |
| Operating Profit | $2.55B | $2.54B | $2.38B | $9.25B | $2.35B |
| Net Non-Operating Interest Income (Expense) | -$71.00M | -$61.00M | -$62.00M | -$255.00M | -$64.00M |
| Non-Operating Interest Expense | $71.00M | $61.00M | $62.00M | $464.00M | $273.00M |
| Other Income (Expense) | -$349.00M | $70.00M | $117.00M | -$102.00M | -$277.00M |
| Other Non-Operating Income (Expenses) | -$349.00M | $70.00M | $54.00M | $328.00M | $153.00M |
| Pretax Profit | $2.13B | $2.55B | $2.43B | $8.90B | $2.01B |
| Tax | $449.00M | $610.00M | $571.00M | $1.99B | $481.00M |
| Earnings from Equity Interest Net of Tax | $61.00M | $36.00M | $40.00M | $150.00M | $43.00M |
| Net Profit | $1.74B | $1.97B | $1.90B | $7.06B | $1.57B |
| Profit from Continuing Operations | $1.74B | $1.97B | $1.90B | $7.06B | $1.57B |
| Minority Interests | $48.00M | $44.00M | $43.00M | $160.00M | $43.00M |
| Net Income to Parent Company | $1.69B | $1.93B | $1.86B | $6.90B | $1.53B |
| Net Income to Common Stockholders | $1.69B | $1.93B | $1.86B | $6.90B | $1.53B |
| Basic EPS | $3.67 | $4.17 | $4.00 | $14.69 | $3.28 |
| Diluted EPS | $3.66 | $4.15 | $3.98 | $14.61 | $3.26 |
| Dividend Per Share | $1.60 | $1.60 | $1.60 | $6.00 | $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 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $88.08B | $88.35B | $86.32B | $86.82B | $86.82B |
| Total Current Assets | $13.42B | $14.18B | $12.75B | $13.33B | $13.33B |
| Cash and Cash Equivalents & Short-Term Investments | $3.95B | $4.90B | $3.96B | $5.06B | $5.06B |
| -Cash and Cash Equivalents | $3.95B | $4.90B | $3.96B | $5.06B | $5.06B |
| Receivables | $6.04B | $6.06B | $5.64B | $5.46B | $5.46B |
| -Accounts Receivable | $5.60B | $5.63B | $5.32B | $4.97B | $4.97B |
| -Other Receivables | $447.00M | $432.00M | $321.00M | $269.00M | $269.00M |
| Inventory | $2.13B | $2.12B | $2.08B | $2.06B | $2.06B |
| Other Current Assets | $1.30B | $1.09B | $1.07B | $97.00M | $97.00M |
| Total Non-Current Assets | $74.66B | $74.17B | $73.56B | $73.49B | $73.49B |
| Net PPE | $29.83B | $29.17B | $28.56B | $29.34B | $29.34B |
| Goodwill and Other Intangible Assets | $39.33B | $39.49B | $39.56B | $39.80B | $39.80B |
| -Goodwill | $27.90B | $27.93B | $27.88B | $27.93B | $27.93B |
| -Other Intangible Assets | $11.43B | $11.56B | $11.67B | $11.87B | $11.87B |
| Other Non-Current Assets | $5.50B | $5.51B | $5.45B | $280.00M | $280.00M |
| Total Liabilities | $47.08B | $47.72B | $46.22B | $47.08B | $47.08B |
| Total Current Liabilities | $15.64B | $16.13B | $15.39B | $15.20B | $15.20B |
| Payables | $2.85B | $2.84B | $2.66B | $3.83B | $3.83B |
| -Accounts Payable | $2.85B | $2.84B | $2.66B | $2.81B | $2.81B |
| Short-Term Debt and Capital Lease Obligation | $6.11B | $7.34B | $6.46B | $6.57B | $6.57B |
| -Current Debt | $6.11B | $7.34B | $6.46B | $6.31B | $6.31B |
| Current Deferred Liabilities | $1.17B | $1.13B | $1.17B | $1.23B | $1.23B |
| Other Current Liabilities | $5.51B | $4.83B | $5.11B | $1.27B | $1.27B |
| Total Non-Current Liabilities | $31.44B | $31.59B | $30.83B | $31.88B | $31.88B |
| Long Term Debt and Capital Lease Obligation | $20.59B | $20.68B | $19.86B | $21.50B | $21.50B |
| -Long Term Debt | $20.59B | $20.68B | $19.86B | $20.68B | $20.68B |
| Other Non-Current Liabilities | $10.84B | $10.91B | $10.97B | $2.45B | $2.45B |
| Total Equity | $41.00B | $40.63B | $40.09B | $39.74B | $39.74B |
| Stockholders' Equity | $39.42B | $39.08B | $38.57B | $38.25B | $38.25B |
| 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 | $39.17B | $39.13B | $39.18B | $39.43B | $39.43B |
| Retained Earnings | $19.75B | $18.80B | $17.64B | $16.61B | $16.61B |
| Less: Treasury Stock | $13.86B | $12.93B | $12.10B | $11.56B | $11.56B |
| Gains/Losses Not Affecting Retained Earnings | -$5.63B | -$5.93B | -$6.15B | -$6.23B | -$6.23B |
| Minority Interests | $1.57B | $1.55B | $1.53B | $1.50B | $1.50B |
| -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 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $3.17B | $2.27B | $2.24B | $10.35B | $3.03B |
| Net cash flow from continuing operations | $3.17B | $2.27B | $2.24B | $10.35B | $3.03B |
| Net Income from Continuing Operations | $1.69B | $1.89B | $1.90B | $7.06B | $1.69B |
| Depreciation & Depletion & Amortization | $965.00M | $963.00M | $951.00M | $3.76B | $950.00M |
| Deferred Tax | -$154.00M | -$20.00M | $8.00M | -$465.00M | -$7.00M |
| Other Non-Cash Items | $408.00M | -$196.00M | -$51.00M | $70.00M | $145.00M |
| Change in Working Capital | $214.00M | -$380.00M | -$609.00M | -$240.00M | $221.00M |
| -Change in Receivables | -$45.00M | -$290.00M | -$361.00M | -$122.00M | $257.00M |
| -Change in Inventory | -$11.00M | -$41.00M | -$48.00M | $47.00M | $84.00M |
| -Change in Prepaid Assets | -$142.00M | $0.00 | -$52.00M | $55.00M | $59.00M |
| -Change in Payables and Accrued Expense | $386.00M | $56.00M | $35.00M | -$148.00M | -$83.00M |
| -Change In Other Working Capital | $26.00M | -$105.00M | -$183.00M | -$72.00M | -$96.00M |
| Net cash flow from investing | -$1.33B | -$1.66B | -$1.38B | -$5.72B | -$1.46B |
| Net Cash Flow from Continuing Investing Activities | -$1.33B | -$1.66B | -$1.38B | -$5.72B | -$1.46B |
| Capital Expenditure | -$1.39B | -$1.44B | -$1.34B | -$5.26B | -$1.46B |
| Net Business Purchase and Sale | $29.00M | -$221.00M | -$41.00M | -$370.00M | -$8.00M |
| Financing Cash Flow | -$2.80B | $321.00M | -$1.97B | -$4.55B | -$1.02B |
| Net Cash Flow from Continuing Financing Activities | -$2.80B | $321.00M | -$1.97B | -$4.55B | -$1.02B |
| Net Issuance Payments Of Debt | -$1.14B | $1.98B | -$336.00M | $2.91B | $994.00M |
| Net Common Stock Issuance | -$950.00M | -$852.00M | -$804.00M | -$4.58B | -$1.39B |
| Cash Dividends Paid | -$735.00M | -$738.00M | -$741.00M | -$2.81B | -$698.00M |
| Net Other Financing Charges | $28.00M | -$70.00M | -$87.00M | -$76.00M | $73.00M |
| Ending Cash Balance | $3.95B | $4.90B | $3.96B | $5.06B | $5.06B |
| Net Change in Cash | -$955.00M | $934.00M | -$1.11B | $75.00M | $551.00M |
| Beginning Cash Balance | $4.90B | $3.96B | $5.06B | $4.85B | $4.51B |
| Effect of Exchange Rate Changes | $4.00M | $5.00M | $15.00M | $131.00M | -$4.00M |
| Free Cash Flow | $1.78B | $833.00M | $898.00M | $5.09B | $1.57B |
| Net Other Investing Changes | – | – | -$1.00M | -$90.00M | $5.00M |
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