Linde (LIN) Gross Margin (2017 - 2026)
Linde (LIN) recorded Gross Margin of 47.24% in Q3 2026, down 1.93 percentage points from 49.17% a year earlier and down 0.43 percentage points from the prior quarter.
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Analysis
Linde (LIN) Gross Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Linde's Gross Margin came in at 47.86% as of Sep 30, 2026, down 0.91 percentage points year-over-year; for FY2025, it came in at 48.83%, up 0.78 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +5.30 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 48.06% in FY2024 (+1.30 pp), 46.76% in FY2023 (+5.05 pp), 41.70% in FY2022 (-1.33 pp) and 43.03% in FY2021 (-0.50 pp).
- The Q3 2026 figure is the lowest quarterly Gross Margin since Q4 2023.
- On a year-over-year basis, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of +0.06 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 7.18 percentage points in Q3 2023, against a drop of 3.19 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 47.67% (Q2 2026), 48.49% (Q1 2026) and 48.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 47.24% |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 37.28% |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 47.77% |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 17.60% |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 30.67% |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 40.52% |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 47.75% |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 26.71% |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 12.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.24% |
| 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% |
API Access
Linde Gross 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=gross-margin&ticker=LIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=LIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();