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
DateValue
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%