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Linde PLC LIN
$ 506.32 -0.46%
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Annual report 2025
added 02-25-2026

Linde PLC Income Statement 2025-2011 | LIN

Brief overview of revenue and earnings at Linde PLC

The comparison covers a five-year financial horizon. According to figures from Linde PLC, revenue changed from 27.2 billion dollars to 34 billion dollars over five years. The total change was +24.8%, with a CAGR of approximately 4.5%. The scale of the core business was largely unchanged.

At the gross-profit level, the result moved from $11.9 billion to $16.6 billion, a change of +39.9%. Cost of revenue developed more favorably than sales, supporting gross profitability. Gross margin moved from 43.5% to 48.8%. The expansion indicates stronger pricing power or better control of direct costs.

EBITDA changed from 7.9 billion dollars to 12.7 billion dollars (+59.6%). The operating result outpaced sales and points to improving efficiency. EBITDA margin moved from 29.2% to 37.3%. Higher profitability strengthens the quality of operating growth.

The net result moved from 2.5 billion dollars to 6.9 billion dollars, or +175.8%. Net income reached a five-year high at the end of the interval.

The five-year change in capitalization reached +88.8%: from $126 billion to $238 billion. The valuation did not keep pace with the reported progress.

Summary assessment

The five-year picture requires weighing both strengths and weaknesses. The positive side is supported by improving gross profitability, improving net profitability and positive operating leverage. The most visible risks are a softer top-line trend. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.

Annual Income Statement Linde PLC

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

238 B 188 B 192 B 174 B 151 B 126 B 114 B 54.4 B 46.5 B 34.1 B 28.7 B 35.3 B 37.1 B 32.8 B 32.2 B

Shares

469 M 479 M 488 M 500 M 517 M 527 M 545 M 334 M 289 M 286 M 287 M 292 M 296 M 298 M 302 M

Historical Prices

508 393 393 349 292 240 184 164 139 107 89.6 110 110 93.3 88.2

Net Income

6.9 B 6.56 B 6.2 B 4.15 B 3.83 B 2.5 B 2.28 B 4.38 B 1.25 B 1.5 B 1.55 B 1.69 B 1.76 B 1.69 B 1.67 B

Revenue

34 B 33 B 32.9 B 33.4 B 30.8 B 27.2 B 28.2 B 14.8 B 11.4 B 10.5 B 10.8 B 12.3 B 11.9 B 11.2 B 11.3 B

Cost of Revenue

17.4 B 17.1 B 17.5 B 19.4 B 17.5 B 15.4 B 16.6 B 9.02 B 6.38 B - - - - - -

Gross Profit

- - - - - - 11.6 B 5.82 B 4.98 B 4.67 B 4.82 B 5.31 B 5.18 B 4.83 B 4.79 B

Operating Income

8.92 B 8.64 B 8.02 B 5.37 B 4.98 B 3.32 B 2.93 B 5.25 B 2.44 B 2.25 B - - - - -

Interest Expense

-255 M -256 M -200 M -63 M -77 M -115 M - - - - - - - - -

EBITDA

12.7 B 12.4 B 11.8 B 9.57 B 9.62 B 7.95 B 7.61 B 7.08 B 3.63 B 3.44 B 3.57 B 3.91 B 3.73 B 3.46 B 3.46 B

Operating Expenses

- - - - - - 8.32 B 3.57 B 2.48 B 2.36 B 2.35 B 2.57 B 2.56 B 2.37 B 2.34 B

General and Administrative Expenses

2.08 B 2 B 1.96 B 1.81 B 1.85 B 1.89 B 3.46 B 1.63 B 1.21 B 652 M 645 M 736 M 782 M 723 M -

All numbers in USD currency

Quarterly Income Statement Linde PLC

2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

469 M 471 M 473 M 478 M 480 M 482 M 487 M 490 M 492 M - 497 M 501 M 507 M 509 M 515 M 519 M 522 M 523 M 526 M 526 M 531 M 537 M 540 M 543 M 546 M 458 M 288 M 288 M 288 M 287 M 286 M 286 M 286 M - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

1.93 B 1.77 B 1.67 B 1.55 B 1.66 B 1.63 B 1.56 B 1.58 B 1.52 B - 1.27 B 372 M 1.17 B - 979 M 841 M 980 M - 700 M 458 M 573 M 511 M 735 M 522 M 517 M 2.98 B 461 M 480 M 462 M 33 M 419 M 406 M 389 M - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

8.62 B 8.5 B 8.11 B 8.36 B 8.27 B 8.1 B 8.16 B 8.2 B 8.19 B - 8.8 B 8.46 B 8.21 B - 7.67 B 7.58 B 7.24 B - 6.86 B 6.38 B 6.74 B 7.08 B 7 B 7.2 B 6.94 B 5.8 B 3.01 B 3.04 B 2.98 B 2.95 B 2.92 B 2.83 B 2.73 B - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

4.38 B 4.31 B 4.16 B 4.36 B 4.25 B 4.22 B 4.31 B 4.32 B 4.43 B - 5.28 B 4.94 B 4.8 B - 4.37 B 4.19 B 4.05 B - 3.84 B 3.62 B 3.84 B 4.19 B 4.06 B 4.28 B 4.12 B 3.96 B 1.7 B 1.71 B 1.66 B - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

2.37 B 2.35 B 2.18 B 2.09 B 2.18 B 2.1 B 2.05 B 2.01 B 1.93 B - 1.61 B 589 M 1.48 B - 1.29 B 1.14 B 1.21 B - 969 M 591 M 733 M 655 M 1 B 669 M 609 M 3.24 B 669 M 689 M 653 M 639 M 632 M 606 M 567 M - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

- - - - - -65 M -40 M -52 M -37 M - -18 M -5 M -9 M - -8 M -18 M -20 M - -38 M -18 M -24 M - 3 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

3.33 B 3.3 B 3.09 B 3.05 B 3.14 B 3.04 B 3.01 B 2.97 B 2.88 B - 2.66 B 1.68 B 2.59 B - 2.46 B 2.31 B 2.38 B - 2.14 B 1.72 B 1.88 B 1.82 B 2.1 B 1.86 B 1.83 B 4.14 B 975 M 1 B 964 M 946 M 930 M 898 M 854 M - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

897 M 870 M 786 M 823 M 840 M 860 M 808 M 833 M 822 M - 770 M 771 M 802 M - 793 M 822 M 787 M - 770 M 760 M 861 M - 850 M 884 M 879 M - 294 M 307 M 310 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Linde PLC (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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