Linde (LIN) Gross Margin (2017 - 2026)
Linde (LIN) reported Gross Margin of 48.49% for Q1 2026, down 26.0% on a YoY basis from 65.53% in Q1 2025, and up 0.78% sequentially from 48.12% in Q4 2025.
Linde (LIN) Gross Margin (2017 - 2026) Analysis & Trends
Linde (LIN) has 10 years of Gross Margin data on file, last reported at 48.49% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 26.0% year-over-year to 48.49%; the trailing twelve-month figure through Mar 2026 stood at 48.77% (up 51.0% YoY), and the FY2025 full-year result was 48.83%, up 78.0% from the prior year.
- Gross Margin improved to 48.49% in Q1 2026, from 48.12% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.31% in Q2 2025 to a low of 39.92% in Q3 2022.
- A 5-year average of 46.48% and a median of 47.84% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 311 bps in 2022 and jumped 718 bps in 2023, its largest moves.
- Tracing LIN's Gross Margin over 5 years: stood at 43.95% in 2022, then climbed by 6 bps to 46.63% in 2023, then climbed by 3 bps to 47.84% in 2024, then rose by 1 bps to 48.12% in 2025, then advanced by 1 bps to 48.49% in 2026.
- Business Quant data shows LIN's Gross Margin at 48.49% in Q1 2026, 48.12% in Q4 2025, and 49.17% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 48.49% |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 49.07% |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 44.03% |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 31.13% |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | 42.11% |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 9.74% |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | 44.24% |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 37.14% |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 35.81% |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 42.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 48.49% |
| Dec 31, 2025 | 48.12% |
| Sep 30, 2025 | 49.17% |
| Jun 30, 2025 | 49.31% |
| Mar 31, 2025 | 48.75% |
| Dec 31, 2024 | 47.84% |
| Sep 30, 2024 | 47.87% |
| Jun 30, 2024 | 48.58% |
| Mar 31, 2024 | 47.95% |
| Dec 31, 2023 | 46.63% |
| Sep 30, 2023 | 47.10% |
| Jun 30, 2023 | 47.39% |
| Mar 31, 2023 | 45.92% |
| Dec 31, 2022 | 43.95% |
| Sep 30, 2022 | 39.92% |
| Jun 30, 2022 | 41.59% |
| Mar 31, 2022 | 41.57% |
| Dec 31, 2021 | 40.62% |
| Sep 30, 2021 | 43.04% |
| Jun 30, 2021 | 44.70% |