Linde plc logo LIN - Linde plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 24
HOLD 4
SELL 0
STRONG
SELL 0
| PRICE TARGET: $559.14 DETAILS
HIGH: $579.00
LOW: $525.00
MEDIAN: $570.00
CONSENSUS: $559.14
UPSIDE: 8.03%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 33,986 33,005 32,854 33,364 30,793 27,243 28,228 14,836 11,437 10,534 10,776 12,273 11,925 11,224 11,252 10,116 8,956 10,796 9,402 8,324 7,656 6,594 5,613 5,128 5,158 5,043 4,639 4,833 4,735 4,449 3,146 2,711 2,438
Cost of Revenue 19,260 20,923 21,308 23,654 22,178 20,009 21,319 10,850 7,645 6,982 7,066 8,132 7,853 7,397 7,461 6,679 5,878 7,345 6,331 5,664 5,306 4,565 3,328 2,950 3,060 3,075 2,732 2,807 2,764 2,564 1,777 1,507 1,387
Gross Profit 14,726 12,082 11,546 9,710 8,615 7,234 6,909 3,986 3,792 3,552 3,710 4,141 4,072 3,827 3,791 3,437 3,078 3,451 3,071 2,660 2,350 2,029 2,285 2,178 2,098 1,968 1,907 2,026 1,971 1,885 1,369 1,204 1,051
Operating Expenses
R&D Expenses 147 150 146 143 143 152 184 113 93 92 93 96 98 98 90 79 74 97 98 87 80 77 75 69 66 65 67 72 79 72 61 58 0
SG&A Expenses 3,433 3,337 3,295 3,107 3,189 3,193 3,457 1,629 1,207 1,145 1,152 1,308 1,293 1,270 1,239 1,196 1,088 1,312 1,190 1,086 987 869 766 751 699 683 641 644 662 688 496 409 450
Other Expenses 2,211 0 0 0 0 0 0 0 0 0 (6) 20 17 0 0 0 0 0 0 15 10 0 522 435 533 513 445 467 392 420 279 273 262
Operating Expenses 5,791 3,487 3,441 3,250 3,332 3,345 3,641 1,742 1,300 1,237 1,239 1,424 1,408 1,368 1,329 1,275 1,162 1,409 1,288 1,188 1,077 946 1,363 1,255 1,298 1,261 1,153 1,183 1,133 1,180 836 740 712
Operating Income
Operating Income 8,935 8,595 8,105 6,460 5,283 3,889 3,268 2,244 2,492 2,315 2,471 2,717 2,664 2,459 2,462 2,162 1,916 2,042 1,783 1,472 1,273 1,083 922 923 800 707 754 843 838 705 533 464 339
Interest Expense 212 572 488 192 159 114 499 238 282 208 0 144 132 174 120 108 164 198 173 160 168 155 0 0 0 0 0 0 0 0 0 0 0
Interest Income 29 228 197 117 40 55 112 80 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 12,946 12,921 12,292 9,939 9,893 8,124 8,101 7,117 3,753 3,378 3,266 3,709 3,688 3,471 3,446 2,997 2,452 2,733 2,560 2,220 1,963 1,681 1,439 1,406 1,299 1,178 1,199 1,310 1,282 1,125 812 737 601
EBIT 9,183 9,141 8,476 5,735 5,258 3,498 3,426 5,287 2,569 2,256 2,160 2,539 2,579 2,470 2,443 2,072 1,606 1,883 1,786 1,524 1,298 1,103 922 923 800 707 754 843 838 705 533 464 339
Income Before Tax 8,971 8,739 8,155 5,715 5,218 3,469 3,041 5,105 2,334 2,089 2,203 2,437 2,485 2,330 2,363 2,002 1,466 1,721 1,639 1,374 1,145 948 771 717 576 483 593 552 622 392 384 285 191
Income Tax Expense 1,956 2,002 1,814 1,434 1,262 847 769 817 1,026 551 612 691 649 586 641 768 169 465 419 355 376 232 174 158 135 103 152 127 151 110 122 82 48
Net Income 6,898 6,565 6,199 4,147 3,826 2,501 2,285 4,381 1,247 1,500 1,547 1,694 1,755 1,692 1,672 1,195 1,254 1,211 1,177 988 726 697 585 409 430 363 431 425 405 282 262 203 118
Per Share Data
EPS (Basic) 14.67 13.71 12.70 8.30 7.40 4.75 4.22 13.26 4.36 5.25 5.39 5.79 5.94 5.67 5.53 3.90 4.08 3.87 3.69 3.05 2.24 2.14 1.79 1.25 1.33 1.14 1.36 1.34 1.28 0.93 0.95 0.75 0.44
EPS (Diluted) 14.59 13.62 12.59 8.23 7.33 4.71 4.19 13.11 4.32 5.21 5.35 5.73 5.87 5.61 5.45 3.84 4.01 3.80 3.62 3.00 2.20 2.10 1.77 1.24 1.31 1.13 1.33 1.30 1.23 0.89 0.91 0.73 0.44
Shares Outstanding 466.2 478.8 488.2 499.7 516.9 526.7 541.1 330.4 286.3 285.7 287.0 292.5 295.5 298.3 302.2 306.7 307.7 312.7 319.0 323.5 323.8 325.9 326.4 325.5 323.0 318.2 318.6 316.9 316.2 305.3 288.3 280.0 268.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 5,056 4,850 4,664 5,436 2,823 3,754 2,700 4,466 617 524 45 32 25 50 39 39 31 76 34 43 63 15 63 34
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 5,235 5,062 5,092 4,908 4,829 4,590 4,965 4,830 1,804 1,641 1,579 1,604 1,231 962 860 857 876 848 919 971 914 617 549 459
Inventory 2,055 1,946 2,115 1,978 1,733 1,729 1,697 1,651 614 550 377 445 328 302 277 287 297 310 319 329 312 228 163 137
Other Current Assets 979 508 166 128 247 335 474 5,792 65 57 0 0 126 0 0 0 0 0 0 0 0 70 65 61
Total Current Assets 13,325 12,945 12,620 13,047 10,159 10,924 10,352 17,272 3,285 2,880 2,223 2,301 1,744 1,449 1,286 1,276 1,361 1,335 1,394 1,497 1,666 930 840 691
Non-Current Assets
Property, Plant & Equipment 28,260 25,764 25,490 23,548 26,003 28,711 29,064 29,717 12,057 11,477 8,990 7,922 5,946 5,252 4,666 4,817 4,771 4,720 4,875 4,607 4,269 2,737 2,350 2,273
Goodwill 27,927 25,937 26,751 25,817 27,038 28,201 27,019 26,874 3,233 3,117 2,070 1,909 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 11,871 11,330 12,399 12,420 13,802 16,184 16,137 16,223 553 583 142 121 1,639 1,131 1,035 0 0 1,113 1,272 1,213 1,173 174 90 0
Long-Term Investments 0 2,236 2,377 2,534 2,637 2,084 2,067 1,914 739 731 435 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 5,434 1,935 948 2,062 1,724 1,857 1,730 876 371 359 892 801 549 473 414 1,622 1,630 554 555 493 430 293 240 291
Total Non-Current Assets 73,492 67,202 68,191 66,611 71,446 77,305 76,260 76,114 17,151 16,452 12,094 10,753 8,134 6,856 6,115 6,439 6,401 6,387 6,702 6,313 5,872 3,204 2,680 2,564
Total Assets 86,817 80,147 80,811 79,658 81,605 88,229 86,612 93,386 20,436 19,332 14,317 13,054 9,878 8,305 7,401 7,715 7,762 7,722 8,096 7,810 7,538 4,134 3,520 3,255
Current Liabilities
Account Payables 2,810 2,507 3,020 2,995 3,503 3,095 3,266 3,219 922 906 730 820 502 413 378 413 409 361 378 383 408 272 215 153
Short-Term Debt 6,306 6,280 5,976 5,716 2,872 4,002 3,263 3,008 1,217 598 298 1,316 649 155 238 264 500 884 379 431 1,562 385 372 396
Deferred Revenue 1,231 1,194 1,901 3,073 2,940 1,769 1,758 1,788 9 0 0 150 0 104 74 80 0 0 0 0 0 0 0 0
Other Current Liabilities 4,851 1,274 3,220 3,194 2,889 3,370 2,509 5,193 694 786 472 322 724 445 410 437 530 480 532 552 580 372 302 282
Total Current Liabilities 15,198 14,544 15,717 16,479 13,643 13,740 12,160 12,956 3,307 2,478 1,813 2,979 1,875 1,117 1,100 1,194 1,439 1,725 1,289 1,366 2,550 1,029 889 831
Non-Current Liabilities
Long-Term Debt 20,683 15,343 13,397 12,198 11,335 12,152 10,693 12,288 7,783 8,917 4,757 3,709 2,876 2,661 2,510 2,725 2,641 2,111 2,895 2,874 1,703 933 893 964
Deferred Tax Liabilities 0 0 5,749 0 (6,998) (7,236) (7,236) 2,293 1,167 1,209 0 0 0 0 0 0 0 434 357 0 0 0 0 0
Other Non-Current Liabilities 11,195 10,016 3,089 8,940 10,439 11,961 11,408 3,354 2,820 1,213 1,377 1,356 1,294 1,244 1,287 1,178 1,167 728 661 852 793 643 528 480
Total Non-Current Liabilities 31,878 26,115 23,999 21,792 22,521 24,907 22,817 23,334 10,607 11,402 6,856 5,764 4,170 3,905 3,797 3,903 3,808 3,273 3,913 3,726 2,496 1,576 1,421 1,444
Total Liabilities 47,076 40,659 39,716 38,271 36,164 38,647 34,977 36,290 13,914 13,880 8,669 8,743 6,045 5,022 4,897 5,097 5,247 4,998 5,202 5,092 5,046 2,605 2,310 2,275
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 4 4 4 4 4 4 2 2 2 2 2 2 2 0 0 0
Retained Earnings 16,608 12,634 8,845 20,541 18,710 17,178 16,842 16,529 13,224 12,879 6,831 6,068 3,529 3,027 2,593 2,307 1,987 1,722 1,380 1,034 698 474 257 91
Accumulated Other Comprehensive Income (6,233) (6,894) (5,805) (5,782) (5,048) (4,690) (4,814) (4,456) (4,098) (4,600) (1,155) (1,768) (1,180) (1,352) (1,673) (1,297) (1,011) (828) (412) (256) (126) 0 0 0
Total Stockholders' Equity 38,245 38,092 39,720 40,028 44,035 47,317 49,074 51,596 6,018 5,021 5,315 4,009 3,608 3,088 2,340 2,477 2,377 2,365 2,407 2,197 1,999 1,121 839 635
Total Liabilities & Equity 86,817 80,147 80,811 79,658 81,605 88,229 86,612 93,386 20,436 19,332 14,317 13,054 9,878 8,305 7,401 7,715 7,762 7,722 8,096 7,810 7,538 4,134 3,520 3,255
Debt Metrics
Total Debt 26,989 22,609 20,315 18,791 15,216 17,223 14,932 15,296 9,000 9,515 5,055 5,025 3,525 2,816 2,748 2,989 3,141 2,995 3,274 3,305 3,265 1,318 1,265 1,360
Net Debt 21,933 17,759 15,651 13,355 12,393 13,469 12,232 10,830 8,383 8,991 5,010 4,993 3,500 2,766 2,709 2,950 3,110 2,919 3,240 3,262 3,202 1,303 1,202 1,326
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 6,941 6,565 6,199 4,281 3,956 2,622 2,272 4,288 1,308 1,538 726 697 585 409 430 363 441 425 416 282 262 203 143
Depreciation & Amortization 3,763 3,780 3,816 4,204 4,635 4,626 4,675 1,830 1,184 1,122 665 578 517 483 499 471 445 467 444 420 279 273 262
Stock-Based Compensation 133 0 141 107 128 133 95 62 59 39 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (313) (1,071) (483) (198) 1,072 236 (88) 202 (92) 46 (123) (132) (19) (70) 8 (138) 5 (5) (186) (226) (12) 1 (3)
Other Non-Cash Items 144 291 (284) 789 (72) 34 (452) (2,432) (52) 33 1 11 21 3 47 10 19 22 42 49 39 44 42
Operating Cash Flow 10,350 9,423 9,305 8,864 9,725 7,429 6,188 3,702 3,041 2,773 1,475 1,243 1,137 1,001 1,020 899 953 936 752 606 611 548 415
Investing Activities
Capital Expenditure (5,261) (4,497) (3,787) (3,173) (3,086) (3,400) (3,682) (1,883) (1,311) (1,465) (877) (668) (983) (498) (595) (704) (653) (781) (902) (893) (600) (326) (240)
Acquisitions (412) (317) (883) 85 79 414 4,871 7,246 (3) (305) (44) (929) (73) (113) (213) (290) (136) (241) (101) 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,705) (202) (59) (110)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (48) 170 0 0 0 0 (60) (23) 30 58 34 45 64 24 45 106 103 206 300 264 82 23 65
Investing Cash Flow (5,721) (4,644) (4,670) (3,088) (3,007) (2,986) 1,129 5,340 (1,314) (1,770) (887) (1,552) (992) (587) (763) (888) (686) (816) (703) (2,334) (720) (362) (285)
Financing Activities
Net Debt Issuance 2,911 3,167 1,060 4,475 (514) 1,313 (1,260) (2,908) (771) 357 (3) 666 43 (245) (189) 127 (247) (36) 59 1,227 50 (153) (5)
Stock Repurchased (4,601) (4,482) (3,958) (5,168) (4,612) (2,457) (2,658) (599) (12) (228) (396) (394) (271) (276) (76) (144) (73) (97) (137) (7) (45) (8) 0
Dividends Paid (2,811) (2,655) (2,482) (2,344) (2,189) (2,028) (1,891) (1,166) (901) (856) (233) (195) (149) (123) (110) (98) (89) (79) (69) (58) (45) (37) (32)
Other Financing Activities (76) (420) (20) (88) (323) (220) (3,183) (323) (92) 84 (48) (8) (5) 27 (14) (64) 78 (31) (31) 4 (10) (22) (105)
Financing Cash Flow (4,554) (4,359) (5,400) (3,089) (7,588) (3,345) (8,992) (4,996) (1,656) (643) (438) 281 (136) (411) (247) (55) (226) (126) (68) 1,777 61 (149) (94)
Cash Position
Net Change in Cash 206 186 (772) 2,613 (931) 1,054 (1,766) 3,986 93 377 148 (25) 11 0 8 (45) 42 (9) (20) 48 (48) 29 10
Cash at Beginning 4,850 4,664 5,436 2,823 3,754 2,700 4,466 617 524 147 25 50 39 39 31 76 34 43 63 15 63 34 24
Cash at End 5,056 4,850 4,664 5,436 2,823 3,754 2,700 4,603 617 524 173 25 50 39 39 31 76 34 43 63 15 63 34
Free Cash Flow 5,089 4,926 5,518 5,691 6,639 4,029 2,506 1,819 1,730 1,308 598 575 154 503 425 195 300 155 (150) (287) 11 222 175
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 33,986 33,005 32,854 33,364 30,793 27,243 28,228 14,836 11,437 10,534 10,776 12,273 11,925 11,224 11,252 10,116 8,956 10,796 9,402 8,324 7,656 6,594 5,613 5,128 5,158 5,043 4,639 4,833 4,735 4,449 3,146 2,711 2,438
Gross Profit 14,726 12,082 11,546 9,710 8,615 7,234 6,909 3,986 3,792 3,552 3,710 4,141 4,072 3,827 3,791 3,437 3,078 3,451 3,071 2,660 2,350 2,029 2,285 2,178 2,098 1,968 1,907 2,026 1,971 1,885 1,369 1,204 1,051
Operating Income 8,935 8,595 8,105 6,460 5,283 3,889 3,268 2,244 2,492 2,315 2,471 2,717 2,664 2,459 2,462 2,162 1,916 2,042 1,783 1,472 1,273 1,083 922 923 800 707 754 843 838 705 533 464 339
Net Income 6,898 6,565 6,199 4,147 3,826 2,501 2,285 4,381 1,247 1,500 1,547 1,694 1,755 1,692 1,672 1,195 1,254 1,211 1,177 988 726 697 585 409 430 363 431 425 405 282 262 203 118
EPS (Diluted) 14.59 13.62 12.59 8.23 7.33 4.71 4.19 13.11 4.32 5.21 5.35 5.73 5.87 5.61 5.45 3.84 4.01 3.80 3.62 3.00 2.20 2.10 1.77 1.24 1.31 1.13 1.33 1.30 1.23 0.89 0.91 0.73 0.44
Balance Sheet
Cash & Equivalents 5,056 4,850 4,664 5,436 2,823 3,754 2,700 4,466 617 524 45 32 25 50 39 39 31 76 34 43 63 15 63 34
Total Assets 86,817 80,147 80,811 79,658 81,605 88,229 86,612 93,386 20,436 19,332 14,317 13,054 9,878 8,305 7,401 7,715 7,762 7,722 8,096 7,810 7,538 4,134 3,520 3,255
Total Debt 26,989 22,609 20,315 18,791 15,216 17,223 14,932 15,296 9,000 9,515 5,055 5,025 3,525 2,816 2,748 2,989 3,141 2,995 3,274 3,305 3,265 1,318 1,265 1,360
Stockholders' Equity 38,245 38,092 39,720 40,028 44,035 47,317 49,074 51,596 6,018 5,021 5,315 4,009 3,608 3,088 2,340 2,477 2,377 2,365 2,407 2,197 1,999 1,121 839 635
Cash Flow
Operating Cash Flow 10,350 9,423 9,305 8,864 9,725 7,429 6,188 3,702 3,041 2,773 1,475 1,243 1,137 1,001 1,020 899 953 936 752 606 611 548 415
Capital Expenditure (5,261) (4,497) (3,787) (3,173) (3,086) (3,400) (3,682) (1,883) (1,311) (1,465) (877) (668) (983) (498) (595) (704) (653) (781) (902) (893) (600) (326) (240)
Free Cash Flow 5,089 4,926 5,518 5,691 6,639 4,029 2,506 1,819 1,730 1,308 598 575 154 503 425 195 300 155 (150) (287) 11 222 175