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LI

Linde plc

LINBasic MaterialsNASDAQ

Specialty Chemicals · Last scanned Jun 2, 2026

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Financials · Annual
Revenue
$33.99B
+3.0% YoY
Net Income
$6.90B
+5.1% YoY
EBITDA
$13.12B
+2.2% YoY
Free Cash Flow
$4.69B

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About Linde plc

Headquartered within the basic materials sector, Linde plc focuses on Specialty Chemicals services and products. Linde plc operates as an industrial gas company worldwide. With a market capitalization of $229.98B, it sits in mega-cap territory. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene.

Key stats
Market Cap$229.98B
P/E (TTM)33.01
Fwd P/E25.24
EPS$15.07
Beta0.74
52W Change+5.4%
Dividend Yield1.29%
ROE18.2%
Analysis

Linde plc carries $26.32B in total debt against $3.96B in cash reserves — debt is roughly 6.6x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $4.69B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 18.2% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 7.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $33.36B (2022) to $33.99B (2025).

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing LIN.

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