Linde (LIN) Financial History
Review Linde annual and quarterly financial results, key ratios, insider transactions and SEC filing history in one chronological view. Data available from FY2016 through FY2025.
Financials
10 fiscal years, FY2016 to FY2025
Insider trades
529 trades
Risk factor changes
15 changes in the latest 10-K
Filings
Annual and quarterly reports
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Linde Financial Statements
History since FY2016. Annual, in US dollars. Source: 10-K XBRL data.
Linde Revenue and Growth
Compare reported revenue and year-over-year revenue growth across available fiscal years.
Linde Income Statements
Review revenue, gross profit, operating income, net income and earnings per share.
Linde Balance Sheets
Review reported debt and book-value-based ratios where company data is available.
Linde Cash Flow Statements
Compare reported free cash flow across the available fiscal history.
Linde Financial Ratios
Compare net margin, price-to-earnings and price-to-book ratios by fiscal year.
| Fiscal year | FY2016 🔒 | FY2017 🔒 | FY2018 🔒 | FY2019 🔒 | FY2020 🔒 | FY2021 | FY2022 | FY20231 new risk factorsInsiders net sold $45.9M | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ••••• | ••••• | ••••• | ••••• | ••••• | $30.8B | $33.4B | $32.9B | $33.0B | $34.0B |
| Revenue growth | ••••• | ••••• | ••••• | ••••• | ••••• | — | +8.3% | -1.5% | +0.5% | +3.0% |
| Gross profit | ••••• | ••••• | ••••• | ••••• | ••••• | — | — | — | — | — |
| Operating income | ••••• | ••••• | ••••• | ••••• | ••••• | $5.0B | $5.4B | $8.0B | $8.6B | $8.9B |
| Net income | ••••• | ••••• | ••••• | ••••• | ••••• | $3.8B | $4.1B | $6.2B | $6.6B | $6.9B |
| Debt | ••••• | ••••• | ••••• | ••••• | ••••• | $14.2B | $17.9B | $19.4B | $21.6B | $27.0B |
| Free cash flow | ••••• | ••••• | ••••• | ••••• | ••••• | $6.6B | $5.7B | $5.5B | $4.9B | $5.1B |
| Net margin | ••••• | ••••• | ••••• | ••••• | ••••• | 12.4% | 12.4% | 18.9% | 19.9% | 20.3% |
| EPS (diluted) | ••••• | ••••• | ••••• | ••••• | ••••• | $7.33 | $8.23 | $12.59 | $13.62 | $14.61 |
| P/E ratio | ••••• | ••••• | ••••• | ••••• | ••••• | 47.3× | 39.6× | 32.6× | 30.7× | 29.2× |
| P/B ratio | ••••• | ••••• | ••••• | ••••• | ••••• | 4.0× | — | — | — | — |
Daily closing prices, aggregated by calendar year.
| Year | 2018 🔒 | 2019 🔒 | 2020 🔒 | 2021 🔒 | 2022 | 2023 | 2024 | 2025 | 2026 (YTD) |
|---|---|---|---|---|---|---|---|---|---|
| Open | ••••• | ••••• | ••••• | ••••• | $346.16 | $317.75 | $409.29 | $421.32 | $425.95 |
| Close | ••••• | ••••• | ••••• | ••••• | $326.25 | $410.71 | $418.73 | $426.40 | $527.92 |
| High | ••••• | ••••• | ••••• | ••••• | $352.59 | $434.21 | $487.40 | $486.27 | $547.75 |
| Low | ••••• | ••••• | ••••• | ••••• | $262.50 | $302.14 | $396.25 | $388.46 | $422.36 |
| Annual return | ••••• | ••••• | ••••• | ••••• | -5.8% | +25.9% | +2.0% | +1.8% | +23.8% |
Linde Insider Transactions
From Form 4 filings. Showing the latest 5 of 529 trades.
| Traded | Filed | Insider | Type | Shares | Value | % of holdings |
|---|---|---|---|---|---|---|
| 2026-11-02 | 2026-11-04 | Guillermo Bichara Exec VP & Chief Legal Officer | Option exercise (2 trades) | 52,310 | $4.5M | — |
| 2026-11-02 | 2026-11-04 | Guillermo Bichara Exec VP & Chief Legal Officer | Tax withholding | 16,805 | $8.7M | — |
| 2026-11-02 | 2026-11-04 | Guillermo Bichara Exec VP & Chief Legal Officer | Sold | 9,350 | $4.9M at ~$519 | 30% |
| 2026-10-01 | 2026-10-05 | Paula Rosput Reynolds Director | Grant or award | 18.106 | — | — |
| 2026-10-01 | 2026-10-05 | Hugh Grant Director | Grant or award | 72.425 | — | — |
Linde Risk Factor Changes
Latest 10-K compared with the year before. 15 changes found.
Linde and its subsidiaries are subject to the tax rules and regulations in the U.S., Germany, Ireland, the U.K.
•environmental protection, including climate change and energy efficiency laws and policies, and environmental related reporting and disclosures;
Also, the anticipated benefit of potential future acquisitions may not materialize.
Linde has evaluated and expects to continue to evaluate, a wide array of potential strategic acquisitions and joint ventures.
Linde relies on information technology systems and networks, including systems that utilize advanced technologies for business and operational activities, and also stores and processes sensitive business and proprieta…
Linde may be subject to information technology system failures, network disruptions and cybersecurity breaches or other related incidents.
Linde’s research and development is directed toward developing new and improved methods for the production and distribution of industrial gases, the design and construction of plants and toward developing new markets…
Linde's operations are exposed to physical risks associated with the occurrence of natural disasters linked to climate change, such as extreme weather events including hurricanes and floods, as well as catastrophic ev…
funds, trade conflicts and the imposition of duties and tariffs, import and export controls, changes in governmental policies, labor unrest, possible nationalization and/or expropriation of assets, changes in U.S.
development activities do not keep pace with competitors or if Linde does not create new technologies that benefit customers, future results of operations could be adversely affected.
tax.
•data protection including artificial intelligence;
difficulties and expenditures.
Linde evaluates the direct and indirect business risks, consults with vendors, insurance providers and industry experts, makes investments in suitably resilient design and technology, and conducts regular reviews of t…
Linde has substantial international operations which are subject to risks including devaluations in currency exchange rates, transportation delays and interruptions, political and economic instability and disruptions,…
Linde SEC Filings
Latest annual and quarterly reports, current reports, proxy statements and ownership filings.
| Form | Filed | Description | Document |
|---|---|---|---|
| Quarterly report (10-Q) | 2026-10-29 | Quarter ended Sep 30, 2026 | View document |
| Current report (8-K) | 2026-10-29 | Quarterly results | View document |
| Quarterly report (10-Q) | 2026-07-31 | Quarter ended Jun 30, 2026 | View document |
| Current report (8-K) | 2026-07-31 | Quarterly results | View document |
| Current report (8-K) | 2026-07-30 | Shareholder vote results | View document |
Linde financial metrics by year
Linde in the S&P 500 rankings
- #63 by net income as of FY2025
- #44 by operating income as of FY2025
- #79 by free cash flow as of FY2025
- #69 by diluted earnings per share as of FY2025
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