Linde (LIN) Operating Margin (2017 - 2026)

Linde (LIN) reported Operating Margin of 27.78% for Q1 2026, up 85.0% on a YoY basis from 15.01% in Q1 2025, and up 20.63% sequentially from 23.03% in Q4 2025.

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

Linde (LIN) has 10 years of Operating Margin data on file, last reported at 27.78% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 85.0% year-over-year to 27.78%; the trailing twelve-month figure through Mar 2026 stood at 26.48% (up 6.0% YoY), and the FY2025 full-year result was 26.25%, up 9.0% from the prior year.
  • Operating Margin improved to 27.78% in Q1 2026, 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 sank 809 bps in 2022 and jumped 1755 bps in 2023, its largest moves.
  • Tracing LIN's Operating Margin over 5 years: stood at 21.36% in 2022, then grew by 14 bps to 24.43% in 2023, then climbed by 12 bps to 27.41% in 2024, then dropped by 16 bps to 23.03% in 2025, then climbed by 21 bps to 27.78% in 2026.
  • Business Quant data shows LIN's Operating Margin at 27.78% in Q1 2026, 23.03% in Q4 2025, and 27.48% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Linde 237.95 Bn 233.99 Bn 4.26 Bn 27.78%
2 Sherwin Williams 78.17 Bn 77.95 Bn 2.78 Bn 14.31%
3 Ecolab 76.02 Bn 75.37 Bn 1.85 Bn 16.97%
4 Air Products & Chemicals 66.38 Bn 65.43 Bn 987.40 Mn 23.73%
5 Ppg Industries 26.02 Bn 24.40 Bn 1.66 Bn 16.72%
6 LyondellBasell Industries 22.51 Bn 19.87 Bn 701.00 Mn 3.32%
7 Chemical & Mining Co Of Chile 19.70 Bn 15.83 Bn 778.60 Mn 47.01%
8 International Flavors & Fragrances 19.51 Bn 18.95 Bn 1.02 Bn 9.96%
9 DuPont de Nemours 18.80 Bn 18.71 Bn 602.00 Mn 17.85%
10 Rpm International 13.63 Bn 13.32 Bn 950.03 Mn 13.68%

Historic Data

Download Data
DateValue
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%