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Companies / Materials / Linde plc
LIN

Linde plc

MaterialsChemicalsS&P 500
Ticker LINWOKING SURREY, X0Fiscal year ends DecemberBook value per share $83.99Diluted shares 465.3M

Linde plc operates as the world's largest industrial gas company, serving diverse industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics across more than 80 countries. The company's website is www.linde.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$33.99B
+3.0% year over year
Last 12 mo $35.45B
26.25%
+0.1 percentage points
Last 12 mo 26.45%
$7.06B
+4.8% year over year
Last 12 mo $7.42B
18.59%
+1.1 percentage points
Last 12 mo 18.54%
Cash & financing
$10.35B
+9.8% year over year
Last 12 mo $10.49B
$5.09B
+3.3% year over year
Last 12 mo $4.97B
0.71
Was 0.57× a year earlier
Last 12 mo 0.72
472.2M
−2.1% year over year
Last 12 mo 465.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Linde plc does

In the company’s own words

Linde plc operates as the world's largest industrial gas company, serving diverse industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics across more than 80 countries. The company's website is www.linde.com.

Linde's core business centers on the production and distribution of atmospheric gases—oxygen, nitrogen, argon, and rare gases—as well as process gases including hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. The company designs and constructs equipment and plants for gas production and processing, offering customers comprehensive gas production and processing services such as olefin plants, natural gas plants, air separation plants, and hydrogen and synthesis gas plants.

The company operates through three primary reportable segments: Americas, EMEA (Europe, Middle East, and Africa), and APAC (Asia-Pacific), with approximately 64 percent of 2025 sales generated outside the United States. The Americas segment operates roughly 350 production facilities, primarily cryogenic air separation plants, hydrogen plants, and carbon dioxide plants, along with five major pipeline complexes in North America. The EMEA segment maintains approximately 275 cryogenic air separation and carbon dioxide plants across Germany, the United Kingdom, Eastern Europe, France, Sweden, and South Africa. The APAC segment operates approximately 230 cryogenic air separation and carbon dioxide plants in China, Australia, India, South Korea, and Thailand.

Linde distributes products through three primary methods: on-site or tonnage supply for large-volume customers with constant demand; merchant or bulk liquid delivery via tanker trucks; and packaged gases in cylinders for smaller-volume customers. The company's Engineering business designs and constructs turnkey process plants globally, with manufacturing facilities in Germany, France, the United States, and China.

With 65,177 employees worldwide as of December 31, 2025, Linde generated sales of $33.986 billion in 2025. The company maintains competitive advantages through its extensive pipeline networks, proprietary production technologies, global distribution infrastructure, and long-term customer contracts with price escalation provisions. Linde owns numerous patents and trademarks, with the Linde trademark being its most significant brand asset.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
WOKING SURREY, X0
Fiscal year end
December
CIK
1707925
SIC
2810

Financial performance, year by year

Fiscal 2018–2025 · USD
$-3.54B$7.09B$17.72B$28.36B$38.99B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Linde plc — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

411
funds hold it
4 of 35
superinvestors hold it
$40.10B
held by funds, at market
16.9%
of shares held by funds

Superinvestors in Linde plc · what they did last quarter

Stephen MandelNEW
Lone Pine Capital
4.9%of 13F portfolio
Tom GaynerINCREASED +5.4%
Markel Group (Markel-Gayner)
0.9%of 13F portfolio
Stanley DruckenmillerUNCHANGED
Duquesne Family Office
0.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Linde plc’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.33%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.37%of fund net assets
1.04%of fund net assets
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.90%of fund net assets
VANGUARD DIVIDEND APPRECIATION INDEX FUND
VIG · VANGUARD SPECIALIZED FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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