Linde (LIN) Gross Margin (2017 - 2026)
Linde (LIN) posted quarterly Gross Margin of 47.67% for Q2 2026, down 164.0% year-over-year from 74.48% in Q2 2025, and down 1.69% on a QoQ basis from 48.49% in Q1 2026.
Linde (LIN) Gross Margin (2017 - 2026) Analysis & Trends
Linde has reported Gross Margin for 10 years, with the latest figure at 47.67% in Q2 2026.
- Gross Margin for Q2 2026 came in at 47.67%, down 164.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 48.35% (down 10.0% YoY), and the FY2025 annual result was 48.83%, up 78.0% from the prior year.
- Gross Margin retreated to 47.67% in Q2 2026, from 48.49% in the prior quarter.
- Over five years, Gross Margin peaked at 49.31% in Q2 2025 and troughed at 39.92% in Q3 2022.
- A 5-year average of 46.55% and a median of 47.75% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin slumped 311 bps; it then jumped 718 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 43.95% in 2022, then rose by 6 bps to 46.63% in 2023, then rose by 3 bps to 47.84% in 2024, then climbed by 1 bps to 48.12% in 2025, then dropped by 1 bps to 47.67% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 47.67% in Q2 2026, 48.49% in Q1 2026, and 48.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 222.77 Bn | 217.87 Bn | 4.43 Bn | 47.67% |
| 2 | Sherwin Williams | 84.55 Bn | 84.26 Bn | 3.34 Bn | 49.17% |
| 3 | Ecolab | 78.89 Bn | 73.75 Bn | 1.95 Bn | 44.07% |
| 4 | Air Products & Chemicals | 66.91 Bn | 65.93 Bn | 1.04 Bn | 32.77% |
| 5 | Ppg Industries | 25.15 Bn | 23.56 Bn | 1.81 Bn | 40.22% |
| 6 | Chemical & Mining Co Of Chile | 22.35 Bn | 18.48 Bn | 778.60 Mn | 44.24% |
| 7 | LyondellBasell Industries | 22.02 Bn | 19.39 Bn | 2.04 Bn | 22.21% |
| 8 | International Flavors & Fragrances | 21.27 Bn | 20.70 Bn | 853.00 Mn | 43.65% |
| 9 | DuPont de Nemours | 18.86 Bn | 17.12 Bn | 639.00 Mn | 35.13% |
| 10 | Albemarle | 15.88 Bn | 14.25 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.67% |
| 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% |