Linde (LIN) FCF Margin (2017 - 2026)
Linde's (LIN) quarterly FCF Margin came in at 10.23% in Q1 2026, down 76.0% year-on-year from 42.61% in Q1 2025, and down 42.99% quarter-over-quarter from 17.94% in Q4 2025.
Linde (LIN) FCF Margin (2017 - 2026) Analysis & Trends
Linde has disclosed FCF Margin across 10 years of filings, most recently posting 10.23% for Q1 2026.
- FCF Margin for Q1 2026 came in at 10.23%, down 76.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.7% (down 17.0% YoY), and the FY2025 annual result was 14.97%, up 5.0% from the prior year.
- FCF Margin came in at 10.23% for Q1 2026 at Linde, down from 17.94% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 21.3% in Q3 2022 to a low of 9.63% in Q2 2024.
- The 5-year median for FCF Margin is 15.74% (2023), against an average of 15.55%.
- Across the five-year window, FCF Margin slumped 1418 bps in 2022 and soared 431 bps in 2023, its largest moves.
- Linde's FCF Margin stood at 14.67% in 2022, then increased by 29 bps to 18.98% in 2023, then retreated by 1 bps to 18.82% in 2024, then decreased by 5 bps to 17.94% in 2025, then plunged by 43 bps to 10.23% in 2026.
- The last three FCF Margin figures came in at 10.23% (Q1 2026), 17.94% (Q4 2025), and 19.41% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.64 Bn | 233.69 Bn | 4.26 Bn | 10.23% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | - |
| 3 | Sherwin Williams | 78.87 Bn | 78.66 Bn | 2.78 Bn | 0.01% |
| 4 | Ecolab | 76.59 Bn | 75.97 Bn | 1.85 Bn | 18.06% |
| 5 | Air Products & Chemicals | 62.39 Bn | 63.94 Bn | 987.40 Mn | 34.80% |
| 6 | Ppg Industries | 26.44 Bn | 24.97 Bn | 1.66 Bn | -0.48% |
| 7 | International Flavors & Fragrances | 19.67 Bn | 19.14 Bn | 1.02 Bn | 3.36% |
| 8 | DuPont de Nemours | 19.57 Bn | 19.68 Bn | 602.00 Mn | 7.73% |
| 9 | LyondellBasell Industries | 19.28 Bn | 19.39 Bn | 701.00 Mn | -7.48% |
| 10 | Albemarle | 18.85 Bn | 18.02 Bn | 500.97 Mn | 17.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.23% |
| Dec 31, 2025 | 17.94% |
| Sep 30, 2025 | 19.41% |
| Jun 30, 2025 | 11.23% |
| Mar 31, 2025 | 10.98% |
| Dec 31, 2024 | 18.82% |
| Sep 30, 2024 | 19.93% |
| Jun 30, 2024 | 9.63% |
| Mar 31, 2024 | 11.19% |
| Dec 31, 2023 | 18.98% |
| Sep 30, 2023 | 19.28% |
| Jun 30, 2023 | 15.74% |
| Mar 31, 2023 | 13.17% |
| Dec 31, 2022 | 14.67% |
| Sep 30, 2022 | 21.30% |
| Jun 30, 2022 | 15.45% |
| Mar 31, 2022 | 16.45% |
| Dec 31, 2021 | 28.85% |
| Sep 30, 2021 | 23.67% |
| Jun 30, 2021 | 14.28% |