Linde plc

Materials Industrial Gases Guildford, United Kingdom Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$34.0B
                    3y CAGR +0.6%
                    
                    P73
                    
                    n/a
                    
                    Net income
                    FY2025
                
$6.9B
                    Net margin +20.3%
                    
                    P91
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$86.8B
                    ROA +7.9%
                    
                    P82
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$10.3B
                    FCF margin +15.0%
                    
                    P82
                    
                    n/a

10 yrs · FY2016–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 1 year

Total assets $86.8B

Total liabilities $47.1B

Shareholders equity $38.2B

Account	2025	Trend
Assets
Cash and Cash Equivalents	14.9%
Accounts Receivable	14.6%
Inventory	6.0%
Other Current Assets	3.7%
Total Current Assets	39.2%
Property,Plant and Equipment	83.2%
Goodwill	82.2%
Intangible Assets	34.9%
Long Term Investments	5.9%
Other Noncurrent Assets	10.1%
Total Assets	255.4%
Liabilities
Accounts Payable	8.3%
Accrued Liabilities	2.0%
Deferred Revenue	3.6%
Current Portion of Long Term Debt	18.6%
Other Current Liabilities	12.3%
Total Current Liabilities	44.7%
Long Term Debt	60.9%
Deferred Revenue Noncurrent	20.1%
Other Noncurrent Liabilities	12.8%
Total Liabilities	138.5%
Equity
Common Stock	0.0%
Additional Paid In Capital	116.0%
Retained Earnings	48.9%
Treasury Stock	34.0%
Accumulated Other Comprehensive Income	-18.3%
Total Stockholders Equity	112.5%
Noncontrolling Interest	4.4%
Temporary Equity and Other	0.0%
Total Liabilitiesand Equity	255.4%

Income Statement

Revenue, expense, and profitability

18 accounts · 1 year

Revenue $34.0B

Operating income $8.9B

Net income $6.9B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	51.2%
Expenses Research and Development	0.4%
Expenses Selling,General and Administrative	10.1%
Expenses Depreciation and Amortization	11.1%
Expenses Restructuring and Asset Impairment	0.8%
Expenses Other Operating Expenses	0.2%
Other Income Expense Operating Income	26.3%
Other Income Expense Interest Expense	0.8%
Other Income Expense Other Income/expense	0.7%
Other Income Expense Income Before Tax	26.2%
Income Tax Income Tax Expense	5.9%
net Income Other Items Below Tax	-0.0%
net Income net Income	20.3%
net Income Comprehensive Income	22.2%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.4%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 1 year

Operating cash flow $10.3B

Investing cash flow $-5.7B

Financing cash flow $-4.6B

Account	2025	Trend
CashFlow
Operating Activities net Income	20.3%
Operating Activities Depreciation and Amortization	11.1%
Operating Activities Stock Based Compensation	0.5%
Operating Activities Deferred Income Taxes	-1.4%
Operating Activities Changes In Operating Assets and Liabilities	-0.9%
Operating Activities Other Non Cash Items	0.4%
Operating Activities net Cash From Operating Activities	30.5%
Investing Activities Capital Expenditures	-15.5%
Investing Activities Business Acquisitions	-1.2%
Investing Activities Other Investing Activities	-0.1%
Investing Activities net Cash From Investing Activities	-16.8%
Financing Activities Proceeds From Debt	15.1%
Financing Activities Repayment of Debt	-6.6%
Financing Activities Repurchase of Common Stock	-13.5%
Financing Activities Dividends Paid	-8.3%
Financing Activities Proceeds From Stock Issuance	0.1%
Financing Activities Other Financing Activities	-0.2%
Financing Activities net Cash From Financing Activities	-13.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.4%
Cash Reconciliation net Change In Cash	0.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+48.8%
Operating margin	+26.3%
Net margin	+20.3%
FCF margin	+15.0%
Growth
Revenue CAGR (3y)	+0.6%
Returns
ROE	+18.0%
ROA	+7.9%
ROIC	+11.5%
Liquidity
Current ratio	0.88x
Quick ratio	0.66x
Leverage
D/E	1.23x
Interest coverage	34.99x
Efficiency
Asset turnover	0.39x
Cash conversion cycle	+37d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Linde plc

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