Company Analysis

Linde plc (LIN)

Nasdaq: LIN · Industrial Inorganic Chemicals · Woking Surrey, GB · filing with the SEC since 2017
Grade6.6
◀ Past 6.3● Present 7.3▶ Future 5.8

The grade of Linde plc

Nine metrics read from its own filings, by tense
Headline grade
6.6/10
◀ Past6.330% of the headline
● Present7.340% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.4/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2023-10-26.

weight 33% of this tense · 14th percentile among 11 sector filers · read for itself

From the record

Linde plc's filings since 2017 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2023-10-26); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-03-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
9.5/10

What has it actually done, year after year?

+13.9% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 95th percentile among 10 sector filers · read for its customers

From the record

Linde plc's 10 filed years say what it did: revenue went from $11 billion in fiscal 2016 to $34 billion in fiscal 2025, up 13.9% a year; it rose in 7 of 9 years; the deepest fall was 3% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span13.9%top 6% of its family
  • the share of years revenue rosetop 5% of its family
  • the share of filed years with a profittop 5% of its family
  • the deepest fall from a revenue peak3.5%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.3/10

How has it treated the people who own it?

Share count shrank 2.2% a year. 72% of cash flow returned. Insiders: 12 sales, 2 purchases.

weight 22% of this tense · 73rd percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Linde plc's diluted share count shrank about 2.2% a year, and dividends and buybacks returned about 72% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 12 sales (1 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-11-06, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 15% of its family
  • cash returned against operating cash flowtop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.5/10

Is it financially healthy right now?

ROE 17%: 17¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 45% of this tense · 75th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Linde plc earned about 17 cents of profit for every dollar of shareholders' money. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count shrank 2.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 45% of its family
  • return on equitytop 5% of its family
  • the share count against the year beforetop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
9.4/10

How strong is its position in its industry?

top 6% of 9 in its family; net margin 20.3%.

weight 33% of this tense · 94th percentile among 9 sector filers · read for its customers

From the record

Linde plc's standing among 9 graded names in its industry family: revenue of $34 billion in fiscal 2025 ranks in the top 6% by size; a net margin of 20.3% ranks in the top 6%; revenue growth of 0.6% a year over the last 3 filed years ranks in the top 6% (its annual reports).

What it rests on

  • revenue against the family$33.99Btop 6% of its family
  • net margin20.3%top 6% of its family
  • three-year revenue growth0.6%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.8/10

What are the people in charge doing?

bottom 38% of 9 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 38th percentile among 9 sector filers · read for its shareholders

From the record

Linde plc's leadership, from its insiders' filings and its current reports: the chief executive on the record is Lamba, Sanjiv (Chairman & CEO, as filed), filing under that title since 2022-03-08, 4.7 years (bottom 36% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 5 years (bottom 6%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 27%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 20 peopletop 27% of its family
  • the median years the people in charge have filed5.0 yearsbottom 6% of its family
  • the chief executive's years on the record4.7 yearsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 9 in its family for room to expand.

weight 45% of this tense · 49th percentile among 9 sector filers · read for itself

From the record

Linde plc's room to grow, from the newest filed statements (fiscal 2025): cash of $5.1 billion against debt of $22 billion leaves -20.1% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is 15% of revenue (top 6%); research spending of 0.4% of revenue (bottom 19%) (its annual report).

What it rests on

  • cash less debt against assets-20.1%bottom 35% of its family
  • cash from operations less capital spending against revenue15.0%top 6% of its family
  • research spending against revenue0.4%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.2/10

What could actually drive growth from here?

top 48% of 10 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 10 sector filers · read for its customers

From the record

Linde plc's growth drivers, from the filed years to fiscal 2025: revenue grew 0.6% a year over the last three filed years against 13.9% over all 10, slowing (bottom 28% of its family); the newest year grew 3% (top 28%); research spending grew 0.9% a year (bottom 31%); capital spending grew 18.4% a year (top 25%) (its annual reports). Linde plc reported 5 lines of business in fiscal 2025: Americas at $15 billion (45%), EMEA at $8.5 billion (25%), APAC at $6.7 billion (20%), and 2 more; 4 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-13.3 points a yearbottom 28% of its family
  • the newest year's revenue growth3.0%top 28% of its family
  • three-year growth of research spending0.9%bottom 31% of its family
  • three-year growth of capital spending18.4%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.7/10

Did its newest year beat what its own record pointed to?

top 13% of 9 in its family for expectations against reality.

weight 22% of this tense · 87th percentile among 9 sector filers · read for its shareholders

From the record

Linde plc's newest year against its own record: revenue of $34 billion in fiscal 2025 came in 3.5% above the $33 billion its prior three years' pace pointed to (top 28% of its family); net income of $6.9 billion against a prior three-year average of $5.6 billion (top 5%); a net margin of 20.3% against 17.1% before (top 6%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.5%top 28% of its family
  • net income against the prior three years' average+22%top 5% of its family
  • net margin against its prior average+3.2 pointstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LIN · research, not advice