Linde (LIN) Return on Capital Employed (2017 - 2026)

Linde's (LIN) quarterly Return on Capital Employed came in at 12.89% in Q1 2026, down 14.0% year-on-year from 14.99% in Q1 2025, and up 2.9% quarter-over-quarter from 12.53% in Q4 2025.

Linde (LIN) Return on Capital Employed (2017 - 2026) Analysis & Trends

Linde has disclosed Return on Capital Employed across 10 years of filings, most recently posting 12.89% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 12.89%, down 14.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.89% (down 14.0% YoY), and the FY2025 annual result was 13.07%, down 3.0% from the prior year.
  • Return on Capital Employed came in at 12.89% for Q1 2026 at Linde, up from 12.53% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 13.14% in Q3 2025 to a low of 7.22% in Q2 2022.
  • The 5-year median for Return on Capital Employed is 12.47% (2024), against an average of 11.28%.
  • Across the five-year window, Return on Capital Employed surged 393 bps in 2023 and tumbled 40 bps in 2025, its largest moves.
  • Linde's Return on Capital Employed stood at 8.87% in 2022, then surged by 42 bps to 12.62% in 2023, then grew by 2 bps to 12.93% in 2024, then retreated by 3 bps to 12.53% in 2025, then climbed by 3 bps to 12.89% in 2026.
  • The last three Return on Capital Employed figures came in at 12.89% (Q1 2026), 12.53% (Q4 2025), and 13.14% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 12.89%
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 16.08%
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 20.78%
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 14.59%
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 6.05%
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 13.59%
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 3.66%
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 7.03%
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn -1.10%
10 Albemarle 18.85 Bn 18.02 Bn 500.97 Mn 6.09%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.89%
Dec 31, 2025 12.53%
Sep 30, 2025 13.14%
Jun 30, 2025 12.76%
Mar 31, 2025 13.03%
Dec 31, 2024 12.93%
Sep 30, 2024 12.47%
Jun 30, 2024 12.52%
Mar 31, 2024 12.37%
Dec 31, 2023 12.62%
Sep 30, 2023 11.98%
Jun 30, 2023 11.15%
Mar 31, 2023 9.36%
Dec 31, 2022 8.87%
Sep 30, 2022 8.22%
Jun 30, 2022 7.22%
Mar 31, 2022 7.76%
Dec 31, 2021 7.20%
Sep 30, 2021 6.73%
Jun 30, 2021 6.22%