Linde plc (LIN): financials, SEC filings and peers
Linde plc (LIN) is an industrial gases company in the Materials sector of the S&P 500, headquartered in Guildford, United Kingdom.
It was founded in 1879 and joined the S&P 500 on July 1, 1992.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Industrial Inorganic Chemicals”.
Linde plc at a glance
- Revenue (12 months)
- $36.2B
- Revenue growth
- +8.2%
- Operating margin
- 25.3%
- Net income (12 months)
- $7.0B
- Free cash flow (12 months)
- $5.1B
- Cash
- $3.9B
- Debt
- $26.7B
- Diluted EPS (12 months)
- $15.06
Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Linde plc reported revenue of $36.2 billion, up 8.2% from a year earlier.
Its operating margin was 25.3%, down 2.1 percentage points from a year earlier: for every $100 of sales, about $25 was left as operating profit.
Net income was $7.0 billion (19.3% of revenue), 1.2% lower than a year earlier.
Operating cash flow was $10.7 billion and capital spending $5.6 billion, leaving free cash flow of $5.1 billion (14.0% of revenue). Capital spending equal to 16% of revenue is high; the company is investing heavily.
At the end of the period it held $3.9 billion in cash and $26.7 billion in debt, a net debt position of $22.8 billion.
The diluted share count fell 1.9% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $27.2 billion in fiscal 2020 to $34.0 billion in fiscal 2025, about 4.5% a year.
- Operating margin widened from 12.2% to 26.3% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $30.8B | $33.4B | $32.9B | $33.0B | $34.0B |
| Revenue growth | 13.0% | 8.3% | -1.5% | 0.5% | 3.0% |
| Operating margin | 16.2% | 16.1% | 24.4% | 26.2% | 26.3% |
| Net income | $3.8B | $4.1B | $6.2B | $6.6B | $6.9B |
| Free cash flow | $6.6B | $5.7B | $5.5B | $4.9B | $5.1B |
| Diluted EPS | $7.33 | $8.23 | $12.59 | $13.62 | $14.61 |
Fiscal years as reported in Linde plc’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 29, 2026 — quarterly report
- 8-K filed October 29, 2026 — Earnings results
- 10-Q filed July 31, 2026 — quarterly report
- 8-K filed July 31, 2026 — Earnings results
- 8-K filed July 30, 2026 — Shareholder vote results
- 8-K filed May 13, 2026 — Other event
- 10-Q filed May 1, 2026 — quarterly report
- 8-K filed May 1, 2026 — Earnings results
Companies like Linde plc
Other S&P 500 companies in Industrial Gases:
More from Materials
- ALBAlbemarle CorporationSpecialty Chemicals
- AMCRAmcorPaper & Plastic Packaging Products & Materials
- AVYAvery DennisonPaper & Plastic Packaging Products & Materials
- BALLBall CorporationMetal, Glass & Plastic Containers
- CFCF IndustriesFertilizers & Agricultural Chemicals
- CTVACortevaFertilizers & Agricultural Chemicals
Questions about Linde plc
Is Linde plc's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $36.2 billion, up 8.2% from a year earlier, according to its SEC filings.
Is Linde plc profitable?
Yes. It earned $7.0 billion in net income over the twelve months to September 30, 2026, a net margin of 19.3%.
Does Linde plc have more cash or more debt?
At September 30, 2026 it had $3.9 billion in cash and $26.7 billion in debt, so more debt than cash.
When did Linde plc last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.
Which companies are similar to Linde plc?
In the S&P 500, Linde plc is grouped in Industrial Gases within the Materials sector. Air Products (APD) are in the same group.
Understand the numbers
Source: Linde plc’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.