Linde (LIN) Stock Price

Linde Price

LSE·CLOSED
490.11USD-1.26 (-0.26 %)
Market closed

Revenue has compounded at 7.7% per year over the past 19 years to 33.99 B USD. Earnings per share have grown at 8.6% per year over the last 19 years. Linde's net margin stands at 20.3%, up from 12.4% several years earlier. Linde currently offers a dividend yield of about 1.22%. The payout ratio is around 41% of earnings. The dividend has grown at 9.9% per year over the past 19 years. Analysts set a median price target of 510.51 USD, implying 4.2% above the current price. Of 31 analysts, 26 rate the stock a buy — an overall Buy consensus. The stock trades about 26% above its 52-week low.

Linde stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Linde over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Linde stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Linde's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Linde Stock Price History
DateLinde Price
8/6/2026490.11 USD
8/5/2026491.37 USD
8/4/2026484.48 USD
8/3/2026480.46 USD
7/31/2026478.38 USD
7/30/2026508.64 USD
7/29/2026505.82 USD
7/27/2026509.18 USD
7/23/2026506.32 USD
7/22/2026508.67 USD
7/21/2026505.03 USD
7/20/2026512.05 USD
7/17/2026513.22 USD
7/16/2026520.74 USD
7/15/2026514.15 USD
7/14/2026522.54 USD
7/13/2026523.23 USD
7/10/2026529.79 USD
7/9/2026525.56 USD
7/8/2026528.26 USD
7/7/2026538.23 USD
7/6/2026534.39 USD
7/2/2026546.64 USD
7/1/2026533.55 USD
6/30/2026518.94 USD
6/29/2026507.43 USD
6/26/2026519.62 USD
6/25/2026522.28 USD
6/24/2026515.73 USD
6/23/2026512.26 USD
6/22/2026514.45 USD
6/18/2026512.15 USD
6/17/2026515.85 USD
6/16/2026518.17 USD
6/15/2026521.48 USD
6/12/2026523.57 USD
6/11/2026515.44 USD
6/10/2026509.16 USD
6/5/2026507.90 USD
6/4/2026507.45 USD
6/3/2026507.57 USD
6/2/2026495.91 USD
6/1/2026497.41 USD
5/29/2026497.69 USD
5/28/2026501.98 USD
5/27/2026507.87 USD
5/26/2026514.97 USD
5/22/2026517.58 USD
5/21/2026514.51 USD
5/20/2026506.63 USD
5/19/2026506.07 USD
5/14/2026511.65 USD
5/13/2026513.26 USD
5/4/2026493.55 USD
5/1/2026507.92 USD
4/30/2026501.14 USD
4/29/2026504.71 USD
4/28/2026510.29 USD
4/27/2026510.75 USD
4/24/2026510.30 USD
4/23/2026508.06 USD
4/22/2026494.62 USD
4/21/2026494.84 USD
4/20/2026498.15 USD
4/17/2026492.23 USD
4/16/2026499.22 USD
4/15/2026497.94 USD
4/14/2026499.65 USD
4/13/2026508.87 USD
4/10/2026503.15 USD
4/9/2026503.30 USD
4/8/2026500.48 USD
4/7/2026494.59 USD
4/6/2026499.47 USD
4/2/2026504.89 USD
4/1/2026493.83 USD
3/31/2026495.76 USD
3/30/2026499.26 USD
3/27/2026491.01 USD
3/26/2026495.50 USD
3/25/2026493.61 USD
3/24/2026480.11 USD
3/23/2026478.08 USD
3/20/2026495.01 USD
3/19/2026491.01 USD
3/18/2026489.80 USD
3/17/2026494.05 USD
3/16/2026497.41 USD
3/13/2026497.63 USD
3/12/2026490.41 USD
3/11/2026477.33 USD
3/10/2026477.94 USD
3/9/2026483.62 USD
3/6/2026484.74 USD
3/5/2026490.06 USD
3/4/2026499.19 USD
3/3/2026501.68 USD
3/2/2026509.34 USD
2/27/2026508.08 USD
2/26/2026499.01 USD
2/25/2026509.69 USD
2/24/2026504.00 USD
2/23/2026498.19 USD
2/20/2026496.51 USD
2/19/2026490.11 USD
2/18/2026485.28 USD
2/17/2026482.22 USD
2/13/2026481.00 USD
2/12/2026472.86 USD
2/11/2026467.51 USD
2/10/2026460.51 USD
2/9/2026456.34 USD
2/6/2026448.24 USD
2/5/2026459.69 USD
2/4/2026473.33 USD
2/3/2026465.48 USD
2/2/2026460.16 USD
1/30/2026455.58 USD
1/29/2026455.00 USD
1/28/2026449.83 USD
1/27/2026453.04 USD
1/26/2026455.03 USD
1/23/2026451.58 USD
1/22/2026445.65 USD
1/21/2026439.36 USD
1/20/2026433.16 USD
1/16/2026438.96 USD
1/15/2026440.04 USD
1/14/2026440.95 USD
1/13/2026442.90 USD
1/12/2026446.01 USD
1/9/2026444.08 USD
1/8/2026439.69 USD
1/7/2026433.06 USD
1/6/2026437.16 USD
1/5/2026433.10 USD
1/2/2026429.11 USD
12/31/2025426.39 USD
12/30/2025428.36 USD
12/29/2025426.54 USD
12/26/2025424.77 USD
12/24/2025424.90 USD
12/23/2025425.10 USD
12/22/2025423.54 USD
12/19/2025421.43 USD
12/18/2025418.99 USD
12/17/2025423.29 USD
12/16/2025423.52 USD
12/15/2025416.99 USD
12/12/2025415.01 USD
12/11/2025404.31 USD
12/10/2025392.68 USD
12/9/2025390.38 USD
12/8/2025389.38 USD
12/5/2025401.01 USD
12/4/2025403.99 USD
12/3/2025409.15 USD
12/2/2025408.79 USD
12/1/2025407.14 USD
11/28/2025410.32 USD
11/26/2025407.90 USD
11/25/2025407.85 USD
11/24/2025407.03 USD
11/21/2025412.74 USD
11/20/2025408.51 USD
11/19/2025410.23 USD
11/18/2025413.78 USD
11/17/2025417.85 USD
11/14/2025423.39 USD
11/13/2025430.00 USD
11/12/2025428.96 USD
11/11/2025426.65 USD
11/10/2025420.67 USD
11/7/2025420.51 USD
11/6/2025415.32 USD
11/5/2025418.03 USD
11/4/2025420.81 USD
11/3/2025412.18 USD
10/31/2025418.30 USD
10/30/2025423.03 USD
10/29/2025434.36 USD
10/28/2025442.73 USD
10/27/2025444.82 USD
10/24/2025446.74 USD
10/23/2025450.08 USD
10/22/2025449.92 USD
10/21/2025450.08 USD
10/20/2025451.56 USD
10/17/2025450.90 USD
10/16/2025444.24 USD
10/15/2025451.42 USD
10/14/2025459.25 USD
10/13/2025456.64 USD
10/10/2025461.58 USD
10/9/2025458.16 USD
10/8/2025467.83 USD
10/7/2025470.37 USD
10/6/2025468.55 USD
10/3/2025467.49 USD
10/2/2025469.48 USD
10/1/2025466.81 USD
9/30/2025475.00 USD
9/29/2025476.49 USD
9/28/2025476.49 USD
9/25/2025474.41 USD
9/24/2025473.78 USD
9/23/2025479.94 USD
9/22/2025477.76 USD
9/19/2025479.02 USD
9/18/2025476.00 USD
9/17/2025479.86 USD
9/16/2025471.47 USD
9/15/2025476.73 USD
9/12/2025481.91 USD
9/11/2025483.59 USD
9/10/2025472.70 USD
9/9/2025473.45 USD
9/8/2025474.63 USD
9/5/2025468.63 USD
9/4/2025472.39 USD
9/3/2025471.78 USD
9/2/2025474.14 USD
8/29/2025478.30 USD
8/28/2025482.15 USD
8/27/2025482.71 USD
8/26/2025481.92 USD
8/25/2025477.85 USD
8/22/2025480.24 USD
8/21/2025480.71 USD
8/20/2025482.36 USD
8/19/2025479.92 USD
8/18/2025478.51 USD
8/15/2025480.09 USD
8/14/2025482.25 USD
8/13/2025475.63 USD
8/12/2025473.23 USD
8/11/2025470.38 USD
Access this data via the Eulerpool API

Linde Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
32.85 B USD
8.31 B USD
6.20 B USD
Jan 1, 2024
33.01 B USD
8.85 B USD
6.57 B USD
Jan 1, 2025
33.99 B USD
9.18 B USD
6.90 B USD
Jan 1, 2026 (e)
35.97 B USD
14.38 B USD
8.36 B USD
Jan 1, 2027 (e)
37.75 B USD
15.09 B USD
9.16 B USD
Jan 1, 2028 (e)
39.95 B USD
15.98 B USD
10.07 B USD
Jan 1, 2029 (e)
43.63 B USD
17.45 B USD
11.93 B USD
Jan 1, 2030 (e)
44.14 B USD
17.65 B USD
11.70 B USD

Linde Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 9, 2026, 9:55 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
10.7810.5311.4414.8428.2327.2430.7933.3632.8533.0133.9935.9737.7539.9543.6344.14
-12.20-2.258.5729.7290.27-3.4913.038.35-1.530.462.975.834.965.849.201.17
34.4333.7233.1626.8724.4826.5527.9829.1035.1436.6143.3343.3343.3343.3343.3343.33
3.713.553.793.996.917.238.629.7111.5512.0814.7315.5816.3617.3118.9019.13
2.472.322.492.453.273.895.286.468.318.859.1814.3815.0915.9817.4517.65
22.9321.9821.7916.4911.5814.2817.1619.3625.2826.8227.0239.9839.9939.9839.9839.98
1.551.501.254.382.292.503.834.156.206.576.908.369.1610.0711.9311.70
-8.68-3.04-16.87251.32-47.849.4552.988.3949.485.905.0721.229.599.8318.54-1.96
2.863.003.153.303.503.854.244.686.205.566.006.406.997.64
10.004.905.004.766.0610.0010.1310.3832.48-10.327.916.679.229.30
286.86287.96290.46462.68540.92529.04516.28497.92488.25478.88468.70468.70468.70468.70468.70468.70
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Linde generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Linde retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Linde's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Linde has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Linde's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Linde stock margins

The Linde margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Linde. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Linde.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
27.98 %
17.16 %
12.42 %
Jan 1, 2022
29.10 %
19.36 %
12.43 %
Jan 1, 2023
35.14 %
25.28 %
18.87 %
Jan 1, 2024
36.61 %
26.82 %
19.89 %
Jan 1, 2025
43.33 %
27.02 %
20.30 %
Jan 1, 2026 (e)
43.33 %
39.98 %
23.25 %
Jan 1, 2027 (e)
43.33 %
39.98 %
24.28 %
Jan 1, 2028 (e)
43.33 %
39.98 %
25.19 %

Linde Stock Revenue, EBIT, Earnings per Share

The Linde earnings per share therefore indicates how much revenue Linde has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
59.64 USD
10.23 USD
7.41 USD
Jan 1, 2022
67.01 USD
12.97 USD
8.33 USD
Jan 1, 2023
67.29 USD
17.01 USD
12.70 USD
Jan 1, 2024
68.92 USD
18.48 USD
13.71 USD
Jan 1, 2025
72.51 USD
19.59 USD
14.72 USD
Jan 1, 2026 (e)
77.02 USD
30.68 USD
17.91 USD
Jan 1, 2027 (e)
80.84 USD
32.20 USD
19.63 USD
Jan 1, 2028 (e)
85.56 USD
34.08 USD
21.56 USD

Linde business model & stock analysis

Linde PLC was founded in 1879 by Carl von Linde in Munich, Germany. The company produces and sells technical gases and air gases such as oxygen, nitrogen, argon, and carbon dioxide. They also provide equipment for gas production, storage, and distribution. Linde is divided into different divisions, including industrial gases, engineering, cryotechnology, and medical technology. They are also focused on hydrogen and fuel cell technology. Linde aims to provide high-quality products and services to their customers while promoting a sustainable future.

Linde SWOT Analysis

Strengths

Linde PLC possesses several strengths that contribute to its competitive advantage in the market. Firstly, the company benefits from a strong global presence, operating in numerous countries with a well-established network of facilities and distribution channels.

Additionally, Linde PLC boasts extensive expertise and experience in the industrial gases industry, allowing it to provide reliable and high-quality products and services to its customers. This expertise is reinforced by the company's significant investment in research and development, enabling them to stay at the forefront of innovation in their field.

Weaknesses

Despite its strengths, Linde PLC also faces a few weaknesses that could hinder its performance. One notable weakness is the company's reliance on a few major customers for a significant portion of its revenue. This dependency exposes the company to the risk of losing business if these key customers shift their preferences or reduce their demand.

Furthermore, Linde PLC may face challenges in adapting to rapidly changing environmental regulations. Compliance with new regulations and the associated costs could strain the company's resources and profitability.

Opportunities

Linde PLC has several opportunities that can be capitalized on to drive growth and expansion. The increasing demand for clean energy solutions presents a significant opportunity for the company to leverage its expertise in industrial gases and contribute to the development of sustainable technologies.

Moreover, Linde PLC can explore emerging markets, particularly in developing countries, where industrialization and urbanization are driving the need for industrial gases and related services. By strategically expanding its operations into these markets, the company can tap into new revenue streams.

Threats

In addition to opportunities, Linde PLC also faces various threats that could impact its business. One such threat is intense competition within the industrial gases industry, with numerous competitors vying for market share. This competition puts pressure on pricing and profitability.

Furthermore, economic downturns and fluctuations in global macroeconomic factors pose risks to Linde PLC's performance. Reduced industrial activities and investment during economic downturns can lead to decreased demand for the company's products and services.

Linde Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Linde Employees
Details
Date
Linde Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Linde Segments

Linde Revenue by Segment (1/4)

  • 3 Years

  • 5 Years

  • Max

Americas
EMEA
APAC
Engineering
Other
Surface Technologies
Details
Date
Americas
EMEA
APAC
Engineering
Other
Surface Technologies
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
682.00 M USD
Jan 1, 2019
10.99 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
10.46 B USD
6.45 B USD
5.69 B USD
2.85 B USD
1.80 B USD
0.00 USD
Jan 1, 2021
12.10 B USD
7.64 B USD
0.00 USD
2.87 B USD
2.05 B USD
0.00 USD
Jan 1, 2022
13.87 B USD
8.44 B USD
6.48 B USD
2.76 B USD
1.81 B USD
0.00 USD
Jan 1, 2023
14.30 B USD
8.54 B USD
6.56 B USD
2.16 B USD
1.29 B USD
0.00 USD
Jan 1, 2024
14.44 B USD
8.35 B USD
6.63 B USD
2.32 B USD
1.26 B USD
0.00 USD
Jan 1, 2025
15.21 B USD
8.55 B USD
6.66 B USD
2.25 B USD
1.32 B USD
0.00 USD

Linde Revenue by Segment (2/4)

  • 3 Years

  • 5 Years

  • Max

EMEA
APAC
Engineering
Other
Details
Date
EMEA
APAC
Engineering
Other
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
6.64 B USD
5.84 B USD
2.80 B USD
1.95 B USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
6.13 B USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Linde Revenue by Segment (3/4)

  • 3 Years

  • 5 Years

  • Max

North America
Linde AG
Asia
Europe
South America
Details
Date
North America
Linde AG
Asia
Europe
South America
Jan 1, 2018
6.42 B USD
2.87 B USD
1.96 B USD
1.59 B USD
1.37 B USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Linde Revenue by Segment (4/4)

  • 3 Years

  • 5 Years

  • Max

Total
Details
Date
Total
Jan 1, 2018
14.90 B USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
0.00 USD
Jan 1, 2023
0.00 USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
0.00 USD

Linde Revenue by Region

  • 3 Years

  • 5 Years

  • Max

United States
Other – non-U.S
Other – foreign
Other International
China
Europe, excluding Germany
Germany
United Kingdom
Mexico
Brazil
Australia
Details
Date
United States
Other – non-U.S
Other – foreign
Other International
China
Europe, excluding Germany
Germany
United Kingdom
Mexico
Brazil
Australia
Jan 1, 2018
5.94 B USD
0.00 USD
3.56 B USD
0.00 USD
1.03 B USD
2.44 B USD
868.00 M USD
0.00 USD
0.00 USD
1.07 B USD
0.00 USD
Jan 1, 2019
8.60 B USD
0.00 USD
10.22 B USD
0.00 USD
2.01 B USD
0.00 USD
3.63 B USD
1.65 B USD
0.00 USD
994.00 M USD
1.13 B USD
Jan 1, 2020
8.48 B USD
0.00 USD
0.00 USD
9.48 B USD
2.06 B USD
0.00 USD
3.74 B USD
1.60 B USD
0.00 USD
822.00 M USD
1.07 B USD
Jan 1, 2021
9.12 B USD
11.08 B USD
0.00 USD
0.00 USD
2.56 B USD
0.00 USD
3.60 B USD
2.06 B USD
0.00 USD
1.07 B USD
1.31 B USD
Jan 1, 2022
10.55 B USD
12.02 B USD
0.00 USD
0.00 USD
2.64 B USD
0.00 USD
3.66 B USD
1.95 B USD
0.00 USD
1.16 B USD
1.37 B USD
Jan 1, 2023
10.57 B USD
12.76 B USD
0.00 USD
0.00 USD
2.59 B USD
0.00 USD
2.83 B USD
1.51 B USD
0.00 USD
1.30 B USD
1.30 B USD
Jan 1, 2024
11.50 B USD
10.85 B USD
0.00 USD
0.00 USD
2.65 B USD
0.00 USD
2.51 B USD
1.54 B USD
1.35 B USD
1.26 B USD
1.35 B USD
Jan 1, 2025
12.18 B USD
11.26 B USD
0.00 USD
0.00 USD
2.60 B USD
0.00 USD
2.43 B USD
1.51 B USD
1.39 B USD
1.33 B USD
1.29 B USD

Linde Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Linde historical P/E ratio, EBIT multiple, and P/S ratio

Linde annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Linde shares outstanding

The number of shares of Linde was 468.7 M in 2025. This indicates how many shares Linde is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
516.28 M Stocks
Jan 1, 2022
497.92 M Stocks
Jan 1, 2023
488.25 M Stocks
Jan 1, 2024
478.88 M Stocks
Jan 1, 2025
468.70 M Stocks
Jan 1, 2026 (e)
468.70 M Stocks
Jan 1, 2027 (e)
468.70 M Stocks
Jan 1, 2028 (e)
468.70 M Stocks

Linde stock splits

In Linde's history, there have been no stock splits.

Linde Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20264.80USDYTD
Mar 11, 20261.60USD 6.7%1/3
Jun 4, 20261.60USD 0.0%2/3
Sep 3, 2026Declared1.60USD 0.0%3/3
20256.00USD 7.9%
Mar 13, 20251.50USD 7.9%1/4
Jun 4, 20251.50USD 0.0%2/4
Sep 4, 20251.50USD 0.0%3/4
Dec 3, 20251.50USD 0.0%4/4
20245.56USD 10.3%
20236.20USD 32.5%
20224.68USD 10.4%
20214.24USD 10.1%
20203.85USD 10.1%
20193.50USD 6.1%
20183.30USD 4.8%
20173.15USD 5.0%

Linde dividend history and estimates

In 2025, Linde paid a dividend amounting to 6.00 USD. Dividend means that Linde distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
4.24 USD
0.00 USD
Jan 1, 2022
4.68 USD
0.00 USD
Jan 1, 2023
6.20 USD
0.00 USD
Jan 1, 2024
5.56 USD
0.00 USD
Jan 1, 2025
6.00 USD
0.00 USD
Jan 1, 2026 (e)
4.80 USD
1.60 USD
Jan 1, 2027 (e)
0.00 USD
6.99 USD
Jan 1, 2028 (e)
0.00 USD
7.64 USD

Linde dividend payout ratio

In 2025, Linde had a payout ratio of 40.77%. The payout ratio indicates the percentage of the company's profits that Linde distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
57.21 %
Jan 1, 2022
56.19 %
Jan 1, 2023
50.21 %
Jan 1, 2024
40.56 %
Jan 1, 2025
40.77 %
Jan 1, 2026 (e)
35.74 %
Jan 1, 2027 (e)
35.63 %
Jan 1, 2028 (e)
35.45 %

Current Linde forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.10 %
Buy
83.87 % (26)
Hold
12.90 % (4)
Sell
3.23 % (1)
12M Price Target
510.51
Last Price
489.98
Currency
USD
12M Return Potential
4.19 %
LTM Return
0 %

Linde Analyst Rating Actions

DateFirmActionRatingReliability
7/17/2026
Bernstein
Bernstein
MaintainedOutperform
7/10/2026
Evercore ISI Group
Evercore ISI Group
MaintainedOutperform62
6/24/2026
Citigroup
Citigroup
MaintainedBuy48
5/5/2026
RBC Capital
RBC Capital
MaintainedOutperform52
5/4/2026
JP Morgan
JP Morgan
MaintainedOverweight80
5/4/2026
Citigroup
Citigroup
MaintainedBuy48
4/24/2026
RBC Capital
RBC Capital
MaintainedOutperform52
4/17/2026
Seaport Global
Seaport Global
MaintainedBuy
4/13/2026
Citigroup
Citigroup
MaintainedBuy48
4/9/2026
UBS
UBS
MaintainedBuy51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Linde Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/31/20264.53USD-9.07 BUSD-2026 Q2
5/1/20264.30USD-8.67 BUSD-2026 Q1
2/5/20264.22USD-8.73 BUSD-2025 Q4
2/5/20243.53USD-8.15 BUSD-2023 Q4
10/27/20222.96USD-8.45 BUSD-2022 Q3
7/28/20222.99USD-8.47 BUSD-2022 Q2
4/28/20222.80USD-8.21 BUSD-2022 Q1
2/10/20222.70USD-7.95 BUSD-2021 Q4
10/28/20212.69USD-7.63 BUSD-2021 Q3
7/30/20212.56USD-7.46 BUSD-2021 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Linde stock

84/100
99
Environment
99
Social
53
Governance
E

Environment

20
Scope 1 - Direct Emissions16,470,000
Scope 2 - Indirect emissions from purchased energy20,943,000
Scope 3 - Indirect emissions within the value chain24,366,533
Total CO₂ emissions37,413,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees28
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Linde shareholder structure

% Name
7.89641%
BLACKROCK, INC.
BLACKROCK, INC.
6.47458%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.20283%
STATE STREET CORP
STATE STREET CORP
3.43761%
CAPITAL RESEARCH GLOBAL INVESTORS
CAPITAL RESEARCH GLOBAL INVESTORS
2.63182%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
2.53394%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
...

Linde Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
8.93%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
7.60%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
7.52%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗

Linde Executives and Management Board

18 members · avg. age 59 · 17 % women

SL

Mr. Sanjiv Lamba (58)

Chief Executive Officer, Director · since 2018

12.84 M USD

Management

JP

Mr. John Panikar (54)

Executive Vice President - APAC of Linde

9.43 M USD
MW

Mr. Matthew White (49)

Chief Financial Officer, Executive Vice President

6.92 M USD
SD

Mr. Sean Durbin (51)

Executive Vice President, EMEA

4.87 M USD
AO

Mr. Andreas Opfermann (50)

Executive Vice President - Clean Energy

3.81 M USD
JN

Mr. Juergen Nowicki (58)

Executive Vice President, Chief Executive Officer - Linde Engineering

KH

Ms. Kelcey Hoyt (52)

Chief Accounting Officer

Board of Directors

SA

Mr. Stephen Angel (66)

Chairman of the Board · since 2018

31.43 M USD
RW

Mr. Robert Wood (68)

Lead Independent Director

358,297.00 USD
EG

Mr. Edward Galante (71)

Independent Director

358,297.00 USD
PA

Prof. Dr. Ann-Kristin Achleitner (56)

Independent Director

308,297.00 USD
TE

Dr. Thomas Enders (63)

Independent Director

308,297.00 USD
VO

Dr. Victoria Ossadnik (54)

Independent Director

308,297.00 USD

Frequently asked questions about Linde

The main competitors of Linde PLC in the market are Air Products and Chemicals Inc., Praxair Inc., and Air Liquide SA.

The business model of Linde PLC revolves around the production and supply of industrial gases and engineering solutions worldwide. Linde PLC operates through two main segments: the Americas and EMEA (Europe, Middle East, and Africa). The company caters to a diverse range of industries including healthcare, chemical manufacturing, food and beverage, electronics, and energy. Linde PLC's extensive portfolio includes gases such as oxygen, nitrogen, hydrogen, and specialty gases, as well as solutions for improving productivity, enhancing environmental performance, and optimizing energy usage. With its global presence and innovative approach, Linde PLC aims to meet the evolving needs of its customers while driving sustainable growth.

Linde PLC is primarily active in the industrial gases and engineering sectors.

Linde PLC is a multinational industrial gases and engineering company. It traces its origins back to 1879 when Carl von Linde established the Linde Air Products Company in Germany. Over the years, Linde has grown significantly through mergers and acquisitions, notably the merger with The BOC Group in 2006. Today, Linde PLC operates in over 100 countries, providing a wide range of industrial and medical gases for various industries such as healthcare, manufacturing, and energy. With a rich history spanning over a century, Linde PLC has established itself as a global leader in the industrial gases industry, delivering innovative solutions to meet customer needs.

Linde PLC has achieved numerous significant milestones throughout its history. Some notable achievements include the merger of Linde AG and Praxair Inc. in 2018, creating one of the largest industrial gas companies globally. The company's commitment to sustainability is commendable, as it has been recognized for its efforts in reducing carbon emissions and promoting renewable energy. Linde PLC has also made advancements in technology, such as the development of innovative gas applications and solutions for various industries. With a strong presence in over 100 countries, Linde PLC continues to drive innovation and deliver exceptional value to its customers worldwide.

Linde PLC, a leading global industrial gases and engineering company, has a vast presence across various countries and regions worldwide. The company operates in several key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East. With a significant global footprint, Linde PLC serves clients in numerous countries, such as the United States, Germany, China, Brazil, Saudi Arabia, and many others. This extensive geographic presence enables Linde PLC to cater to diverse industries and provide essential gases, chemicals, and engineering services to customers around the globe.

As a global leader in industrial gases and engineering, Linde PLC represents values of integrity, innovation, and sustainability. Linde is committed to providing customers with high-quality and reliable products and services to meet their diverse needs. The company is driven by a corporate philosophy that emphasizes safety, environmental responsibility, and community engagement. Linde aims to deliver value to its shareholders while fostering a culture of collaboration and excellence among its employees worldwide. With a rich history and a focus on delivering efficient and sustainable solutions, Linde PLC continues to shape the industries it serves.

Analysts currently set an average price target of 512.60 USD for the Linde stock (median: 510.51 USD), implying +4.6 % versus the latest price. The consensus is based on 31 analyst ratings.

31 analysts currently rate the Linde stock: 26 recommend buying, 4 holding and 1 selling. For 2026, analysts expect Linde to generate revenue of 35.97 B USD and earnings per share of 17.84 USD.

Converted at the current exchange rate, the Linde share trades at 424.40 EUR (490.11 USD).

The Linde share (LIN) is listed on 9 stock exchanges, including: NYSE (LIN), XETRA (LIN.DE), Frankfurt (LIN.F), München (LIN.MU), Düsseldorf (LIN.DU), Hamburg (LIN.HM), London (0M2B.L), SIX (Zürich) (LIN1.SW).

The business model of Linde PLC is based on the production and marketing of industrial gases and plants. The company's core business consists of the manufacturing and distribution of liquefied natural gas, mainly for industrial and medical use. Linde PLC offers products for various industries under the "Gases" segment, such as aviation, automotive, food, biotechnology, and chemistry. They also provide engineering services for designing and building gas plants for different applications worldwide. In addition, Linde PLC is involved in the development of innovative and sustainable technologies for hydrogen mobility. The success of Linde PLC lies in its ability to adapt to global challenges and operate successfully in different regions. With its extensive customer base and focus on sustainability and innovation, Linde PLC has established itself as a leading provider in the industry.

The expected revenue of Linde is 35.97 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Linde is 8.36 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Linde is currently 27.47. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Linde stock.

The price-to-sales ratio (P/S) of Linde is currently 6.39. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Linde stock.

The Eulerpool Quality Score for Linde is 6/10.

The ISIN of Linde is IE00BZ12WP82. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Linde is A2DSYC. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Linde is LIN. The ticker symbol is used to trade Linde shares on the stock exchange.

Over the past 12 months, Linde paid a dividend of 6.00 USD . This corresponds to a dividend yield of about 1.22 %. For the coming 12 months, Linde is expected to pay a dividend of 6.99 USD.

The current dividend yield of Linde is 1.22 %.

Linde pays a dividend, distributed in the months of , , , .

Linde paid dividends every year for the past 34 years.

For the upcoming 12 months, dividends amounting to 6.99 USD are expected. This corresponds to a dividend yield of 1.43 %.

Linde is assigned to the 'Commodities' sector.

To receive the latest dividend of Linde from amounting to 1.6 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Linde distributed 5.56 USD as dividends.

The dividends of Linde are distributed in USD.

All fundamentals and in-depth analysis of Linde

Our stock analysis for Linde stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Linde. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.