Linde (LIN) Gross Margin (2017 - 2026)

Linde's (LIN) quarterly Gross Margin came in at 48.49% in Q1 2026, down 26.0% year-on-year from 65.53% in Q1 2025, and up 0.78% quarter-over-quarter from 48.12% in Q4 2025.

Linde (LIN) Gross Margin (2017 - 2026) Analysis & Trends

Linde has disclosed Gross Margin across 10 years of filings, most recently posting 48.49% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 48.49%, down 26.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 48.77% (up 51.0% YoY), and the FY2025 annual result was 48.83%, up 78.0% from the prior year.
  • Gross Margin came in at 48.49% for Q1 2026 at Linde, up 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.
  • The 5-year median for Gross Margin is 47.84% (2024), against an average of 46.48%.
  • Across the five-year window, Gross Margin slumped 311 bps in 2022 and jumped 718 bps in 2023, its largest moves.
  • Linde's Gross Margin stood at 43.95% in 2022, then grew by 6 bps to 46.63% in 2023, then grew by 3 bps to 47.84% in 2024, then gained by 1 bps to 48.12% in 2025, then climbed by 1 bps to 48.49% in 2026.
  • The last three Gross Margin figures came in at 48.49% (Q1 2026), 48.12% (Q4 2025), and 49.17% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 48.49%
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 44.24%
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 49.07%
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 44.03%
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 31.13%
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 42.11%
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 37.14%
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 35.81%
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn 9.74%
10 Albemarle 18.85 Bn 18.02 Bn 500.97 Mn 35.06%

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%