Linde (LIN) Operating Margin (2017 - 2026)
Linde recorded quarterly Operating Margin of 27.78% in Q1 2026, up 20.63% quarter-over-quarter from 23.03% in Q4 2025, and up 85.0% year-over-year from 15.01% in Q1 2025.
Linde's Operating Margin history runs 10 years deep, the most recent figure standing at 27.78% for Q1 2026.
- In Q1 2026, Operating Margin rose 85.0% year-over-year to 27.78%; the TTM figure through Mar 2026 stood at 26.48% (up 6.0% YoY), while the FY2025 annual figure was 26.25%, up 9.0% from the prior year.
- Operating Margin came in at 27.78% for Q1 2026 at Linde, up from 23.03% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 27.78% in Q1 2026 to a low of 6.96% in Q2 2022.
- A 5-year average of 23.53% and a median of 24.96% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 809 bps in 2022 and surged 1755 bps in 2023, its largest moves.
- Linde's Operating Margin stood at 21.36% in 2022, then rose by 14 bps to 24.43% in 2023, then increased by 12 bps to 27.41% in 2024, then fell by 16 bps to 23.03% in 2025, then increased by 21 bps to 27.78% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 27.78%, 23.03%, and 27.48% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 27.78% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 47.01% |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 14.31% |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 16.97% |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 23.73% |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 14.05% |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 3.32% |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | 35.06% |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 17.85% |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 9.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.78% |
| Dec 31, 2025 | 23.03% |
| Sep 30, 2025 | 27.48% |
| Jun 30, 2025 | 27.71% |
| Mar 31, 2025 | 26.92% |
| Dec 31, 2024 | 27.41% |
| Sep 30, 2024 | 24.96% |
| Jun 30, 2024 | 26.42% |
| Mar 31, 2024 | 25.86% |
| Dec 31, 2023 | 24.43% |
| Sep 30, 2023 | 25.16% |
| Jun 30, 2023 | 24.51% |
| Mar 31, 2023 | 23.59% |
| Dec 31, 2022 | 21.36% |
| Sep 30, 2022 | 18.34% |
| Jun 30, 2022 | 6.96% |
| Mar 31, 2022 | 18.02% |
| Dec 31, 2021 | 16.11% |
| Sep 30, 2021 | 16.85% |
| Jun 30, 2021 | 15.06% |
| Mar 31, 2021 | 16.75% |
| Dec 31, 2020 | 14.15% |
| Sep 30, 2020 | 14.14% |
| Jun 30, 2020 | 9.27% |
| Mar 31, 2020 | 10.88% |
| Dec 31, 2019 | 9.25% |
| Sep 30, 2019 | 14.29% |
| Jun 30, 2019 | 9.29% |
| Mar 31, 2019 | 8.77% |
| Dec 31, 2018 | 55.78% |
| Sep 30, 2018 | 22.24% |
| Jun 30, 2018 | 22.63% |
| Mar 31, 2018 | 21.89% |
| Dec 31, 2017 | 21.64% |
| Sep 30, 2017 | 21.63% |
| Jun 30, 2017 | 21.38% |
| Mar 31, 2017 | 20.78% |