Stock research

Linde plc (LIN) Stock Research

Linde is the world's largest industrial-gases company, supplying oxygen, nitrogen, and hydrogen to healthcare, manufacturing, and energy customers.

For the fiscal year ended December 31, 2025, Linde plc reported revenue of $34.0B and net income of $6.9B, with operating cash flow of $10.3B. Source: Form 10-K filed February 25, 2026

SEC data as of

Revenue
$34.0B
FY ending 2025-12-31
Net income
$6.9B
FY ending 2025-12-31
Diluted EPS
$14.61
Net margin
20.3%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Linde

Long-term supply contracts give it unusually stable revenue for the sector.

Exchange
NASDAQ: LIN
Sector
Materials
SEC industry
Industrial Inorganic Chemicals (SIC 2810)
Fiscal year end
December 31
Headquarters
Woking, United Kingdom
Founded
1879

LIN key financials

Reported figures from Linde plc's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$34.0B2025-01-01 – 2025-12-31SEC filing
Net income$6.9B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$10.3B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$14.612025-01-01 – 2025-12-31SEC filing
Net margin20.3%2025-01-01 – 2025-12-31SEC filing
Shares outstanding463MAs of 2026-01-31SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in LIN

Linde plc sits in Materials. Miners, chemicals, and building materials — an early-cycle, China-sensitive read on global industrial demand. We have not yet written company-specific drivers for LIN; the forces that matter most for the sector are:

  • ◆Chinese industrial and construction demand
  • ◆The US dollar and commodity prices
  • ◆Energy-transition metals like copper and lithium
  • ◆Tariffs and global trade flows

Key questions for the LIN thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does LIN's reported profit turn into cash?

Operating cash flow was $10.3B, 1.50 times net income of $6.9B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 25, 2026

How much of LIN's revenue is left as profit?

Net income was 20.3% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 25, 2026

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Congressional trading in LIN

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-09-02SaleJoint$15,001 - $50,000Filing #20035491
Kevin Hern2026-08-31SaleJoint$15,001 - $50,000Filing #20035491
Thomas Kean2026-08-10PurchaseSelf$1,001 - $15,000Filing #20035431
Alan Armstrong2026-03-27SaleSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Thomas Kean2026-03-26PurchaseSelf$1,001 - $15,000Filing #20034327
Thomas Kean2026-02-18PurchaseSelf$1,001 - $15,000Filing #20034190
Gilbert Cisneros2026-01-09PurchaseSelf$1,001 - $15,000Filing #20033983
Gilbert Cisneros2025-12-19PurchaseSelf$1,001 - $15,000Filing #20033762
Valerie Hoyle2025-09-23SaleSpouse$1,001 - $15,000Filing #20032211
Lisa McClain2025-07-16SaleSpouse$1,001 - $15,000Filing #20030891

All verified LIN congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

LIN — frequently asked questions

What does Linde plc do?

Linde is the world's largest industrial-gases company, supplying oxygen, nitrogen, and hydrogen to healthcare, manufacturing, and energy customers.

What were LIN's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Linde plc reported revenue of $34.0B and net income of $6.9B, with operating cash flow of $10.3B. The figures come from Linde plc's SEC XBRL filings.

When does Linde plc's fiscal year end?

The SEC lists Linde plc's fiscal year end as December 31.

Do members of Congress trade LIN?

The current verified House and Senate snapshot contains 21 transaction rows for LIN, each linked to the original filing.

Where is Linde plc headquartered?

Linde plc is headquartered in Woking, United Kingdom and was founded in 1879.

Is LIN a good investment?

This page does not rate LIN as a buy or sell. It sets out what Linde plc reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the LIN numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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