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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 (Nasdaq: LIN) is a global industrial gases and engineering company serving customers in healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Its products include atmospheric gases such as oxygen, nitrogen and argon, and process gases including hydrogen,… From the company’s description.

In fiscal 2025, Linde plc reported revenue of $33.99B, up 3.0% from fiscal 2024, and net income of $7.06B. Its operating margin was 26.3%, and operations generated $10.35B in cash. Over the twelve months to Jun 30, 2026, revenue was $35.45B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$33.99BFY2025
+3.0% year over year
Last 12 mo $35.45B
26.25%FY2025
+0.1 percentage points
Last 12 mo 26.45%
$7.06BFY2025
+4.8% year over year
Last 12 mo $7.42B
18.59%FY2025
+1.1 percentage points
Last 12 mo 18.54%
Cash & financing
$10.35BFY2025
+9.8% year over year
Last 12 mo $10.49B
$5.09BFY2025
+3.3% year over year
Last 12 mo $4.97B
0.71FY2025
Was 0.57× a year earlier
Last 12 mo 0.72
472.2MFY2025
−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 (Nasdaq: LIN) is a global industrial gases and engineering company serving customers in healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Its products include atmospheric gases such as oxygen, nitrogen and argon, and process gases including hydrogen, helium, carbon dioxide, carbon monoxide, electronic and specialty gases, and acetylene. The company supplies gases through on-site plants and pipelines, bulk liquid deliveries, and packaged cylinders, and designs and builds plants for gas production and processing. Its reportable segments are Americas, EMEA, APAC and Engineering; the regional gases businesses produce and distribute gases, while Engineering plans, designs and constructs process plants for third-party customers and Linde’s gases businesses. Linde reported sales of $33,986 million for fiscal 2025 and employed 65,177 people worldwide at year-end. It operates in more than 80 countries and serves a diverse range of industries rather than relying on a small number of customers. Its website is www.linde.com.

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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  • “How do Linde plc and its peers compare on margins and cash generation over ten years?”
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