Linde plc is a multinational chemical company. It is the largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
| Revenue (TTM) | $35.45B |
| Gross Profit (TTM) | $17.14B |
| EBITDA | $13.82B |
| Operating Margin | 28.10% |
| Return on Equity | 18.40% |
| Return on Assets | 7.16% |
| Revenue/Share (TTM) | $76.20 |
| Book Value | $84.78 |
| Price-to-Book | 5.69 |
| Price-to-Sales (TTM) | 6.17 |
| EV/Revenue | 6.93 |
| EV/EBITDA | 18.02 |
| Quarterly Earnings Growth (YoY) | 11.30% |
| Quarterly Revenue Growth (YoY) | 9.30% |
| Shares Outstanding | $460.98M |
| Float | $459.41M |
| % Insiders | 0.25% |
| % Institutions | 88.99% |
Volatility is currently contracting
Linde plc remains a 'Hold' due to excessive valuation, despite its world-class fundamentals and robust profitability. LIN trades at a 27x-30x P/E, requiring unrealistic growth or sector re-rating to justify current levels and deliver meaningful upside. Recent results show strong margins, cash generation, and backlog, but capital allocation—especially buybacks at high multiples—raises concerns.
Linde plc (LIN) Q2 2026 Earnings Call Transcript
Linde NASDAQ: LIN reported record second-quarter sales and earnings per share, while expanding its sale-of-gas project backlog to a record $8.1 billion following a new U.S. electronics contract. The industrial-gases company also said it expects to start more than 20 projects during the remainder of 2026, representing approximately $1.3 billion of investment.
Linde delivers Q2 earnings growth as pricing, volume gains, currency and acquisitions drive sales, with electronics leading end-market gains.
Although the revenue and EPS for Linde (LIN) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Linde (LIN) came out with quarterly earnings of $4.5 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $4.09 per share a year ago.
Linde , the world's largest industrial gases company, raised the bottom end of its full-year earnings forecast on Friday after posting second-quarter results that beat market expectations.
WOKING, England--(BUSINESS WIRE)--Linde plc (Nasdaq: LIN) today reported second-quarter 2026 net income of $1,928 million and diluted earnings per share of $4.15, up 9% and up 11%, respectively. Excluding Linde AG purchase accounting impacts, adjusted net income was $2,089 million, up 8% versus prior year. Adjusted diluted earnings per share was $4.50, 10% above prior year. Linde's sales for the second quarter were $9,289 million, up 9% versus prior year including 2% favorable currency impact.
Linde , the world's largest industrial gases company, said on Friday it had secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers and would invest about $1 billion in Arizona.
WOKING, England--(BUSINESS WIRE)--Linde (Nasdaq: LIN) today announced that it has been awarded a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers. The agreement will support the expansion of the customer's semiconductor manufacturing complex in Phoenix, Arizona. Linde will invest $1 billion to expand its existing on-site industrial gases complex in Phoenix, making the site one of Linde's largest investments for an ele.
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