Linde (LIN) FCF Margin (2018 - 2026)
Linde (LIN) reported FCF Margin of 18.90% for Q3 2026, down 0.51 percentage points from 19.41% a year earlier but up 9.93 percentage points from the prior quarter.
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Analysis
Linde (LIN) FCF Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Linde's FCF Margin came in at 14.02%, down 1.13 percentage points year-over-year; for FY2025, it came in at 14.97%, up 0.05 percentage points from FY2024.
- FCF Margin has a five-year change of +0.18 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 14.93% in FY2024 (-1.87 pp), 16.80% in FY2023 (-0.26 pp), 17.06% in FY2022 (-4.50 pp) and 21.56% in FY2021 (+6.77 pp).
- Five-year quarterly FCF Margin spans a low of 8.97% in Q2 2026 and a high of 28.85% in Q4 2021.
- Year over year, FCF Margin has now declined in each of the last five quarters, with an average year-over-year change of -0.46 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q4 2021 (a gain of 9.50 percentage points); the low point was Q4 2022 (a drop of 14.18 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 8.97% (Q2 2026), 10.23% (Q1 2026) and 17.94% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 18.90% |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 10.63% |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 14.22% |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | 9.79% |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 16.63% |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 1.65% |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 9.44% |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 12.40% |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 4.34% |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 10.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.90% |
| Jun 30, 2026 | 8.97% |
| 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% |
API Access
Linde FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=LIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "LIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=LIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();