Linde (LIN) Net Margin (2017 - 2026)
Linde (LIN) recorded Net Margin of 17.99% in Q3 2026, down 4.40 percentage points from 22.39% a year earlier and down 2.76 percentage points from the prior quarter.
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Analysis
Linde (LIN) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Linde's Net Margin came in at 19.34% as of Sep 30, 2026, down 1.83 percentage points year-over-year; for FY2025, it came in at 20.30%, up 0.41 percentage points from FY2024.
- Annual Net Margin has increased for three straight years, with a five-year change of +11.12 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 19.89% in FY2024 (+1.02 pp), 18.87% in FY2023 (+6.44 pp), 12.43% in FY2022 (unchanged) and 12.42% in FY2021 (+3.24 pp).
- Quarterly Net Margin has ranged from 4.40% in Q2 2022 to 22.39% in Q3 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in five of the last eight quarters, with an average year-over-year change of 0.00 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 14.80 percentage points in Q2 2023, against a drop of 6.69 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.76% (Q2 2026), 21.15% (Q1 2026) and 17.46% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 238.84 Bn | 220.98 Bn | 4.44 Bn | 17.99% |
| 2 | Corning | 98.69 Bn | 90.37 Bn | 1.81 Bn | 14.01% |
| 3 | Sherwin Williams | 85.12 Bn | 84.13 Bn | 3.28 Bn | 11.97% |
| 4 | Air Products & Chemicals | 69.02 Bn | 64.21 Bn | 1.04 Bn | -45.58% |
| 5 | LyondellBasell Industries | 38.36 Bn | 26.43 Bn | 1.50 Bn | 8.90% |
| 6 | Nutrien | 34.35 Bn | 30.38 Bn | - | - |
| 7 | Ppg Industries | 27.44 Bn | 20.36 Bn | 1.76 Bn | 10.36% |
| 8 | Qnity Electronics | 26.06 Bn | 22.20 Bn | 743.00 Mn | 11.76% |
| 9 | Ati | 25.56 Bn | 23.51 Bn | 380.20 Mn | 13.33% |
| 10 | Dow | 22.14 Bn | 6.10 Bn | 1.38 Bn | 4.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.99% |
| Jun 30, 2026 | 20.76% |
| Mar 31, 2026 | 21.15% |
| Dec 31, 2025 | 17.46% |
| Sep 30, 2025 | 22.39% |
| Jun 30, 2025 | 20.79% |
| Mar 31, 2025 | 20.62% |
| Dec 31, 2024 | 20.83% |
| Sep 30, 2024 | 18.55% |
| Jun 30, 2024 | 20.12% |
| Mar 31, 2024 | 20.09% |
| Dec 31, 2023 | 18.59% |
| Sep 30, 2023 | 19.19% |
| Jun 30, 2023 | 19.20% |
| Mar 31, 2023 | 18.50% |
| Dec 31, 2022 | 16.81% |
| Sep 30, 2022 | 14.47% |
| Jun 30, 2022 | 4.40% |
| Mar 31, 2022 | 14.30% |
| Dec 31, 2021 | 12.36% |
API Access
Linde Net 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=net-margin&ticker=LIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();