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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Linde (LIN) Operating Margin (2017 - 2025)

Linde's Operating Margin history spans 9 years, with the latest figure at 23.03% for Q4 2025.

  • For Q4 2025, Operating Margin fell 438.0% year-over-year to 23.03%; the TTM value through Dec 2025 reached 26.25%, up 9.0%, while the annual FY2025 figure was 26.25%, 9.0% up from the prior year.
  • Operating Margin for Q4 2025 was 23.03% at Linde, down from 27.48% in the prior quarter.
  • Across five years, Operating Margin topped out at 27.71% in Q2 2025 and bottomed at 6.96% in Q2 2022.
  • The 5-year median for Operating Margin is 24.01% (2023), against an average of 21.85%.
  • The largest annual shift saw Operating Margin crashed -809bps in 2022 before it surged 1755bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 16.11% in 2021, then skyrocketed by 33bps to 21.36% in 2022, then rose by 14bps to 24.43% in 2023, then increased by 12bps to 27.41% in 2024, then fell by -16bps to 23.03% in 2025.
  • Per Business Quant, the three most recent readings for LIN's Operating Margin are 23.03% (Q4 2025), 27.48% (Q3 2025), and 27.71% (Q2 2025).