L

LINDE PLC

LIN · CIK 0001707925

10 fiscal years · 34 SEC filings · every number carries its receipt

Revenue (FY)
$33.99B3.0%
FY2025
Net income (FY)
$6.90B5.1%
FY2025
Free cash flow (FY)
$5.09B3.3%
FY2025
Diluted EPS (FY)
$14.617.3%
FY2025
The story, charted

The shape of the business

FY2016–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2016 · Revenue $10.53B · Net income $1.50B · 0001628280-19-003050 · filed 2019-03-18FY16Revenue $10.53BNet income $1.50B0001628280-19-003050 · filed 2019-03-18FY2017 · Revenue $11.36B · Net income $1.25B · 0001707925-20-000015 · filed 2020-03-02FY17Revenue $11.36BNet income $1.25B0001707925-20-000015 · filed 2020-03-02FY2018 · Revenue $14.84B · Net income $4.38B · 0001628280-21-003574 · filed 2021-03-01FY18Revenue $14.84BNet income $4.38B0001628280-21-003574 · filed 2021-03-01FY2019 · Revenue $28.23B · Net income $2.29B · 0001628280-22-004180 · filed 2022-02-28FY19Revenue $28.23BNet income $2.29B0001628280-22-004180 · filed 2022-02-28FY2020 · Revenue $27.24B · Net income $2.50B · 0001628280-23-005434 · filed 2023-02-28FY20Revenue $27.24BNet income $2.50B0001628280-23-005434 · filed 2023-02-28FY2021 · Revenue $30.79B · Net income $3.83B · 0001628280-24-007424 · filed 2024-02-28FY21Revenue $30.79BNet income $3.83B0001628280-24-007424 · filed 2024-02-28FY2022 · Revenue $33.36B · Net income $4.15B · 0001628280-25-007990 · filed 2025-02-26FY22Revenue $33.36BNet income $4.15B0001628280-25-007990 · filed 2025-02-26FY2023 · Revenue $32.85B · Net income $6.20B · 0001628280-26-011430 · filed 2026-02-25FY23Revenue $32.85BNet income $6.20B0001628280-26-011430 · filed 2026-02-25FY2024 · Revenue $33.01B · Net income $6.57B · 0001628280-26-011430 · filed 2026-02-25FY24Revenue $33.01BNet income $6.57B0001628280-26-011430 · filed 2026-02-25FY2025 · Revenue $33.99B · Net income $6.90B · 0001628280-26-011430 · filed 2026-02-25FY25Revenue $33.99BNet income $6.90B0001628280-26-011430 · filed 2026-02-25FY25Revenue $33.99BNet income $6.90B0001628280-26-011430 · filed 2026-02-25FY17FY19FY21FY23FY25

revenue 3.2× since FY2016 · net margin 14.2% → 20.3%

MarginsNet marginFCF margin
0%10%20%30%FY2016 · Net margin 14.2% · FCF margin 12.6%FY16Net margin 14.2%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 11.0% · FCF margin 15.2%FY17Net margin 11.0%FCF margin 15.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 29.5% · FCF margin 11.9%FY18Net margin 29.5%FCF margin 11.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.1% · FCF margin 8.6%FY19Net margin 8.1%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 9.2% · FCF margin 14.8%FY20Net margin 9.2%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 12.4% · FCF margin 21.6%FY21Net margin 12.4%FCF margin 21.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 12.4% · FCF margin 17.1%FY22Net margin 12.4%FCF margin 17.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 18.9% · FCF margin 16.8%FY23Net margin 18.9%FCF margin 16.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 19.9% · FCF margin 14.9%FY24Net margin 19.9%FCF margin 14.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 20.3% · FCF margin 15.0%FY25Net margin 20.3%FCF margin 15.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 20.3%FCF margin 15.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’17’19’21’23’25

FY2025: net 20.3% · free cash flow 15.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$5B$10BFY2016 · OCF $2.79B · FCF $1.32B · 0001628280-19-003050 · filed 2019-03-18FY16OCF $2.79BFCF $1.32B0001628280-19-003050 · filed 2019-03-18FY2017 · OCF $3.04B · FCF $1.73B · 0001707925-20-000015 · filed 2020-03-02FY17OCF $3.04BFCF $1.73B0001707925-20-000015 · filed 2020-03-02FY2018 · OCF $3.65B · FCF $1.77B · 0001628280-21-003574 · filed 2021-03-01FY18OCF $3.65BFCF $1.77B0001628280-21-003574 · filed 2021-03-01FY2019 · OCF $6.12B · FCF $2.44B · 0001628280-22-004180 · filed 2022-02-28FY19OCF $6.12BFCF $2.44B0001628280-22-004180 · filed 2022-02-28FY2020 · OCF $7.43B · FCF $4.03B · 0001628280-23-005434 · filed 2023-02-28FY20OCF $7.43BFCF $4.03B0001628280-23-005434 · filed 2023-02-28FY2021 · OCF $9.72B · FCF $6.64B · 0001628280-24-007424 · filed 2024-02-28FY21OCF $9.72BFCF $6.64B0001628280-24-007424 · filed 2024-02-28FY2022 · OCF $8.86B · FCF $5.69B · 0001628280-25-007990 · filed 2025-02-26FY22OCF $8.86BFCF $5.69B0001628280-25-007990 · filed 2025-02-26FY2023 · OCF $9.30B · FCF $5.52B · 0001628280-26-011430 · filed 2026-02-25FY23OCF $9.30BFCF $5.52B0001628280-26-011430 · filed 2026-02-25FY2024 · OCF $9.42B · FCF $4.93B · 0001628280-26-011430 · filed 2026-02-25FY24OCF $9.42BFCF $4.93B0001628280-26-011430 · filed 2026-02-25FY2025 · OCF $10.35B · FCF $5.09B · 0001628280-26-011430 · filed 2026-02-25FY25OCF $10.35BFCF $5.09B0001628280-26-011430 · filed 2026-02-25FY25OCF $10.35BFCF $5.09B0001628280-26-011430 · filed 2026-02-25’17’19’21’23’25

FY2025: $10.35B operating cash − $5.26B capex = $5.09B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2017 · ROE 20.7% · ROA 6.1%FY17ROE 20.7%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 8.5% · ROA 4.7%FY18ROE 8.5%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 4.7% · ROA 2.6%FY19ROE 4.7%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 5.3% · ROA 2.8%FY20ROE 5.3%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 8.7% · ROA 4.7%FY21ROE 8.7%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 10.4% · ROA 5.2%FY22ROE 10.4%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 15.6% · ROA 7.7%FY23ROE 15.6%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 17.2% · ROA 8.2%FY24ROE 17.2%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 18.0% · ROA 7.9%FY25ROE 18.0%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 18.0%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assets’17’19’21’23’25

return on equity 21% (FY2017) → 18% (FY2025) · on assets 7.9%

Balance sheetLiabilitiesEquity
$0$50BFY2017 · Liabilities $13.91B · Equity $6.02BFY17Liabilities $13.91BEquity $6.02B0001628280-19-003050 · filed 2019-03-18FY2018 · Liabilities $36.29B · Equity $51.60BFY18Liabilities $36.29BEquity $51.60B0001707925-20-000015 · filed 2020-03-02FY2019 · Liabilities $34.98B · Equity $49.07BFY19Liabilities $34.98BEquity $49.07B0001628280-21-003574 · filed 2021-03-01FY2020 · Liabilities $38.65B · Equity $47.32BFY20Liabilities $38.65BEquity $47.32B0001628280-22-004180 · filed 2022-02-28FY2021 · Liabilities $36.16B · Equity $44.03BFY21Liabilities $36.16BEquity $44.03B0001628280-23-005434 · filed 2023-02-28FY2022 · Liabilities $38.27B · Equity $40.03BFY22Liabilities $38.27BEquity $40.03B0001628280-24-007424 · filed 2024-02-28FY2023 · Liabilities $39.72B · Equity $39.72BFY23Liabilities $39.72BEquity $39.72B0001628280-25-007990 · filed 2025-02-26FY2024 · Liabilities $40.66B · Equity $38.09BFY24Liabilities $40.66BEquity $38.09B0001628280-26-011430 · filed 2026-02-25FY2025 · Liabilities $47.08B · Equity $38.24BFY25Liabilities $47.08BEquity $38.24B0001628280-26-011430 · filed 2026-02-25FY25Liabilities $47.08BEquity $38.24B0001628280-26-011430 · filed 2026-02-25’17’19’21’23’25

FY2025: $86.82B assets · $47.08B liabilities · $38.24B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.