Linde reported a gross margin of 47.67% and a net margin of 20.84% for the quarter ended Jun 2026. These financial ratios cover 38 quarters of results from Dec 2016 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2016 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||||||||||||
| Gross Margin | 43.04% | 40.62% | 41.57% | 41.59% | 39.92% | 43.95% | 45.92% | 47.39% | 47.10% | 46.63% | 47.95% | 48.58% | 47.87% | 47.84% | 48.75% | 49.31% | 49.17% | 48.12% | 48.49% | 47.67% | ||||||||||||||||||
| EBT Margin | 17.33% | 16.33% | 18.69% | 7.64% | 18.73% | 21.70% | 23.69% | 24.43% | 25.10% | 24.04% | 25.68% | 26.16% | 24.69% | 27.32% | 26.87% | 27.62% | 27.39% | 22.95% | 27.68% | 27.41% | ||||||||||||||||||
| EBIT Margin | 16.85% | 16.11% | 18.02% | 6.96% | 18.34% | 21.36% | 23.59% | 24.51% | 25.16% | 24.43% | 25.86% | 26.42% | 24.96% | 27.41% | 26.92% | 27.71% | 27.48% | 23.03% | 27.78% | 27.49% | ||||||||||||||||||
| EBITDA Margin | 16.85% | 16.11% | 18.02% | 6.96% | 18.34% | 21.36% | 23.59% | 24.51% | 25.16% | 24.43% | 25.86% | 26.42% | 24.96% | 27.41% | 26.92% | 27.71% | 27.48% | 23.03% | 27.78% | 27.49% | ||||||||||||||||||
| Operating Margin | 16.85% | 16.11% | 18.02% | 6.96% | 18.34% | 21.36% | 23.59% | 24.51% | 25.16% | 24.43% | 25.86% | 26.42% | 24.96% | 27.41% | 26.92% | 27.71% | 27.48% | 23.03% | 27.78% | 27.49% | ||||||||||||||||||
| Net Margin | 13.16% | 12.27% | 14.20% | 4.26% | 14.29% | 16.79% | 18.44% | 19.09% | 19.13% | 18.51% | 19.96% | 20.02% | 18.73% | 20.89% | 20.57% | 20.87% | 22.47% | 17.46% | 21.18% | 20.84% | ||||||||||||||||||
| FCF Margin | 23.67% | 28.85% | 16.45% | 15.45% | 21.30% | 14.67% | 13.17% | 15.74% | 19.28% | 18.98% | 11.19% | 9.63% | 19.93% | 18.82% | 10.98% | 11.23% | 19.41% | 17.94% | 10.23% | 8.97% | ||||||||||||||||||
| Efficiency | ||||||||||||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 1.69B | 1.71B | 1.75B | 1.78B | 1.82B | 1.92B | 2.02B | 2.07B | 2.08B | 2.10B | 2.11B | 2.10B | 2.09B | 2.02B | 1.97B | 2.05B | 2.12B | 2.09B | 2.07B | 2.10B | ||||||||||||||||||
| Assets AverageAssets Avg. | 84.27B | 82.90B | 82.19B | 80.33B | 76.10B | 76.99B | 79.98B | 79.51B | 78.27B | 79.32B | 80.58B | 80.28B | 81.38B | 81.35B | 81.43B | 84.39B | 86.04B | 86.41B | 86.57B | 87.33B | ||||||||||||||||||
| Invested CapitalInvested Cap. | 65.35B | 61.34B | 63.38B | 60.28B | 57.44B | 63.41B | 65.44B | 61.74B | 62.08B | 65.17B | 64.58B | 64.38B | 66.36B | 65.32B | 67.81B | 70.77B | 70.96B | 71.23B | 71.22B | 73.49B | ||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.35 | 0.37 | 0.39 | 0.41 | 0.44 | 0.43 | 0.42 | 0.42 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.39 | 0.39 | 0.39 | 0.40 | 0.41 | ||||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 164.44 | 38.67 | 51.30 | 28.56 | 32.23 | 31.20 | 30.68 | 42.83 | 36.40 | 35.13 | 36.98 | 31.53 | 39.34 | 41.87 | ||||||||||||||||||||||||
| Debt Ratio | 0.23 | 0.20 | 0.23 | 0.25 | 0.25 | 0.28 | 0.30 | 0.26 | 0.28 | 0.30 | 0.30 | 0.31 | 0.31 | 0.32 | 0.34 | 0.36 | 0.36 | 0.36 | 0.36 | 0.37 | ||||||||||||||||||
| Times Interest Earned | 164.44 | 38.67 | 51.30 | 28.56 | 32.23 | 31.20 | 30.68 | 42.83 | 36.40 | 35.13 | 36.98 | 31.53 | 39.34 | 41.87 | ||||||||||||||||||||||||
| Dividends & Payouts | ||||||||||||||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 1.85 | 1.88 | 1.97 | 0.62 | 2.16 | 2.26 | 2.43 | 2.51 | 2.52 | 2.50 | 2.42 | 2.49 | 2.36 | 2.63 | 2.36 | 2.52 | 2.76 | 2.19 | 2.51 | 2.62 | ||||||||||||||||||
| FCF Payout RatioFCF Cover | 0.30 | 0.23 | 0.44 | 0.45 | 0.31 | 0.51 | 0.58 | 0.48 | 0.39 | 0.39 | 0.74 | 0.84 | 0.40 | 0.42 | 0.79 | 0.74 | 0.42 | 0.44 | 0.83 | 0.89 | ||||||||||||||||||
| Dividend YieldDiv. Yield | 0.36% | 0.31% | 0.37% | 0.41% | 0.44% | 0.37% | 0.36% | 0.34% | 0.34% | 0.31% | 0.30% | 0.32% | 0.29% | 0.33% | 0.32% | 0.32% | 0.32% | 0.35% | 0.32% | 0.31% | ||||||||||||||||||
| Payout Ratio | 0.54 | 0.53 | 0.51 | 1.63 | 0.46 | 0.44 | 0.41 | 0.40 | 0.40 | 0.40 | 0.41 | 0.40 | 0.42 | 0.38 | 0.42 | 0.40 | 0.36 | 0.46 | 0.40 | 0.38 | ||||||||||||||||||
| Valuation | ||||||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | 149.03 | 173.11 | 137.88 | 398.04 | 106.03 | 121.07 | 115.32 | 118.74 | 115.74 | 128.68 | 138.03 | 126.61 | 145.09 | 114.45 | 131.49 | 124.09 | 114.57 | 129.14 | 123.30 | 123.56 | ||||||||||||||||||
| Price to SalesP/S | 19.61 | 21.24 | 19.58 | 16.94 | 15.15 | 20.32 | 21.27 | 22.67 | 22.14 | 23.82 | 27.55 | 25.35 | 27.17 | 23.91 | 27.05 | 25.90 | 25.75 | 22.55 | 26.12 | 25.75 | ||||||||||||||||||
| Price to BookP/B | 3.29 | 3.88 | 3.62 | 3.49 | 3.42 | 3.88 | 4.22 | 4.51 | 4.49 | 4.81 | 5.55 | 5.30 | 5.59 | 5.02 | 5.56 | 5.50 | 5.53 | 4.97 | 5.72 | 5.89 | ||||||||||||||||||
| Enterprise Value | 147.07B | 174.79B | 157.71B | 140.99B | 130.82B | 156.44B | 170.65B | 183.91B | 177.98B | 194.49B | 219.73B | 206.27B | 223.29B | 194.53B | 215.58B | 216.67B | 218.75B | 194.01B | 226.89B | 235.86B | ||||||||||||||||||
| EV to EBIT | 113.83 | 130.73 | 106.56 | 239.38 | 81.10 | 92.73 | 88.28 | 91.45 | 86.74 | 95.90 | 104.88 | 94.44 | 107.04 | 85.69 | 98.71 | 92.05 | 92.42 | 96.14 | 93.03 | 92.35 | ||||||||||||||||||
| EV to EBITDA | 113.83 | 130.73 | 106.56 | 239.38 | 81.10 | 92.73 | 88.28 | 91.45 | 86.74 | 95.90 | 104.88 | 94.44 | 107.04 | 85.69 | 98.71 | 92.05 | 92.42 | 96.14 | 93.03 | 92.35 | ||||||||||||||||||
| Market Capitalization | 150.37B | 176.22B | 160.76B | 143.30B | 133.28B | 160.53B | 174.26B | 185.95B | 180.55B | 197.79B | 223.19B | 209.53B | 227.06B | 197.99B | 219.45B | 220.00B | 221.80B | 197.59B | 229.34B | 239.22B | ||||||||||||||||||
| Price to FCFP/FCF | 82.85 | 73.61 | 119.00 | 109.64 | 71.12 | 138.51 | 161.50 | 144.03 | 114.85 | 125.50 | 246.34 | 263.23 | 136.37 | 127.00 | 246.30 | 230.61 | 132.66 | 125.69 | 255.39 | 287.18 | ||||||||||||||||||
| EV to FCF | 81.03 | 73.01 | 116.74 | 107.88 | 69.81 | 134.98 | 158.15 | 142.46 | 113.22 | 123.40 | 242.52 | 259.13 | 134.11 | 124.78 | 241.95 | 227.12 | 130.83 | 123.42 | 252.66 | 283.14 | ||||||||||||||||||
| EV to CFO | 57.54 | 54.07 | 78.86 | 66.10 | 49.63 | 74.67 | 89.44 | 85.54 | 70.63 | 71.32 | 112.45 | 106.93 | 81.76 | 69.25 | 99.76 | 98.00 | 74.20 | 64.03 | 101.29 | 103.86 | ||||||||||||||||||
| Return Ratios | ||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 16.85% | 16.11% | 18.02% | 6.96% | 18.34% | 21.36% | 23.59% | 24.51% | 25.16% | 24.43% | 25.86% | 26.42% | 24.96% | 27.41% | 26.92% | 27.71% | 27.48% | 23.03% | 27.78% | 27.49% | ||||||||||||||||||
| Return on Capital Employed [ROCE]ROCE | 6.73% | 7.20% | 7.76% | 7.22% | 8.22% | 8.87% | 9.36% | 11.15% | 11.98% | 12.62% | 12.37% | 12.52% | 12.47% | 12.93% | 13.03% | 12.76% | 13.14% | 12.53% | 12.89% | 13.17% | ||||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | 5.35% | 5.92% | 6.29% | 5.54% | 6.25% | 6.59% | 6.77% | 8.82% | 9.60% | 9.75% | 9.75% | 9.96% | 9.86% | 10.05% | 10.01% | 9.77% | 10.06% | 9.75% | 10.00% | 10.07% | ||||||||||||||||||
| Return on Assets [ROA]ROA | 4.29% | 4.63% | 4.91% | 4.42% | 4.99% | 5.34% | 5.57% | 7.12% | 7.62% | 7.78% | 7.79% | 7.93% | 7.83% | 8.07% | 8.13% | 7.98% | 8.26% | 7.99% | 8.20% | 8.32% |