Linde/$LIN
1D1W1MYTD1Y5YMAX
Capital at risk
About Linde
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $34 billion in revenue in 2025.
- Ticker
- $LIN
- Sector
- Materials
- Primary listing
- NASDAQ
- Employees
- 64,649
- Headquarters
- Woking, United Kingdom
- Website
- www.linde.com
Linde Metrics
BasicAdvanced
$217B
30.32
$15.50
0.73
$6.30
1.36%
Price and volume
Market cap
$217B
Beta
0.73
52-week high
$548.20
52-week low
$387.78
Average daily volume
2M
Dividend rate
$6.30
Financial strength
Current ratio
0.879
Quick ratio
0.68
Long term debt to equity
0.509
Total debt to equity
0.689
Dividend payout ratio (TTM)
39.73%
Interest coverage (TTM)
19.73%
Profitability
EBITDA (TTM)
13,822
Gross margin (TTM)
48.35%
Net profit margin (TTM)
20.43%
Operating margin (TTM)
28.20%
Effective tax rate (TTM)
21.95%
Revenue per employee (TTM)
$550,000
Management effectiveness
Return on assets (TTM)
7.16%
Return on equity (TTM)
18.40%
Valuation
Price to earnings (TTM)
30.321
Price to revenue (TTM)
6.166
Price to book
5.54
Price to tangible book (TTM)
-528.32
Price to free cash flow (TTM)
43.938
Free cash flow yield (TTM)
2.28%
Free cash flow per share (TTM)
10.694
Dividend yield (TTM)
1.34%
Forward dividend yield
1.36%
Growth
Revenue change (TTM)
6.63%
Earnings per share change (TTM)
10.16%
3-year revenue growth (CAGR)
2.32%
10-year revenue growth (CAGR)
12.99%
3-year earnings per share growth (CAGR)
10.60%
10-year earnings per share growth (CAGR)
10.93%
3-year dividend per share growth (CAGR)
8.23%
10-year dividend per share growth (CAGR)
7.78%
What the Analysts think about Linde
Analyst ratings (Buy, Hold, Sell) for Linde stock.
Analyst projections of the future price of Linde stock.
Bulls say / Bears say
Linde’s second-quarter sales rose 9% and adjusted EPS rose 10%, while it lifted the bottom of its 2026 adjusted EPS range to $17.70-$17.90. That implies 8%-9% growth even without an assumed improvement in the wider economy. (Reuters)
Linde secured a long-term semiconductor supply agreement and plans to invest about $1 billion in Arizona, with a further $800 million planned by its Taiwan joint venture. These projects support a record $8.1 billion sale-of-gas backlog and give the company multi-year visibility in advanced chip manufacturing. (Reuters, Linde)
Linde’s largely contracted business can cushion weaker industrial conditions because customer commitments remain in place through the cycle. Reuters also reported that the company was well positioned during recent helium shortages, adding potential support to supply and pricing. (Reuters)
Profitability is under pressure despite solid sales growth: adjusted operating margin fell to 29.5% from 30.1% a year earlier. Linde blamed part of the weakness on its US homecare business and is considering strategic options, so a recovery is not yet proven. (The Motley Fool, Investing.com)
The growth pipeline requires heavy upfront spending: Linde expects 2026 capital expenditure of $5.5-$6.0 billion and more than 20 project start-ups in the second half. Delays or cost overruns would postpone the cash returns from the backlog while leaving the company to fund the investment. (Linde, Investing.com)
Recent growth is becoming more tied to semiconductor investment: electronics sales rose 18% in the second quarter and a major new contract supports chip-fab expansion. A pause in AI or high-performance-computing capital spending could therefore weaken the pipeline, even if existing contracts soften the immediate impact. (Reuters, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.
Linde Financial Performance
Revenues and expenses
Linde Earnings Performance
Company profitability
Upcoming events
No upcoming events
Linde News
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Funds containing Linde
AllEURGBPUSD
Fund name | Fund size | $LIN weighting |
|---|---|---|
iShares S&P 500 Materials Sector€2B7B | €186M | 18.83% |
iShares S&P 500 Materials Sector£IMSU | £160M | 18.83% |
SPDR MSCI World Materials€WMAT | €198M | 7.35% |
Xtrackers S&P 500 Swap£XSPX | £3.1B | 1.35% |
iShares MSCI USA Islamic$ISDU | $594M | 1.25% |
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