Companies / Materials
LIN
Linde plc
Industrial Gases
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health64
Growth31
Profitability80
Cash generation59
Balance sheet54
Dilution control93
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)9.2%Revenue growth (FY)3.0%Revenue CAGR (3y)0.6%Gross margin—Operating margin26.3%Net margin20.3%Free cash flow margin15.0%R&D / revenue0.4%Stock comp / revenue0.5%Net debt / operating cash flow2.29xCurrent ratio0.88Diluted share count change-2.1%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $30.8B | $33.4B | $32.9B | $33.0B | $34.0B |
| Operating income | $5.0B | $5.4B | $8.0B | $8.6B | $8.9B |
| Net income | $3.8B | $4.1B | $6.2B | $6.6B | $6.9B |
| Operating cash flow | $9.7B | $8.9B | $9.3B | $9.4B | $10.3B |
| Capital expenditure | $3.1B | $3.2B | $3.8B | $4.5B | $5.3B |
| Free cash flow | $6.6B | $5.7B | $5.5B | $4.9B | $5.1B |
| R&D | $143M | $143M | $146M | $150M | $147M |
| Stock-based comp | $128M | $107M | $141M | $160M | $164M |
| Buybacks | $4.6B | $5.2B | $4.0B | $4.5B | $4.6B |
| Dividends | $2.2B | $2.3B | $2.5B | $2.7B | $2.8B |
| Cash | $2.8B | $5.4B | $4.7B | $4.8B | $5.1B |
| Total debt | $15.9B | $19.5B | $20.6B | $23.7B | $28.8B |
| Equity | $44.0B | $40.0B | $39.7B | $38.1B | $38.2B |
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