Linde profit margin LIN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2008.
- Net margin, 12 months
- 20.4%
- Operating margin, 12 months
- 26.5%
- Net margin on a year earlier
- +0.2 pts
- Peer median
- 9.6%
Over the twelve months to Jun 30, 2026, Linde kept 20.4% of its revenue as net profit, with an operating margin of 26.5% and a gross margin of 48.3%.
Five years earlier its net margin was 11.4%.
The median for 5 specialty chemicals stocks of a similar size is 9.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 20.3% | 26.3% | 48.8% |
| FY2024 | 19.9% | 26.2% | 48.1% |
| FY2023 | 18.9% | 24.4% | 46.8% |
| FY2022 | 12.4% | 16.1% | 41.7% |
| FY2021 | 12.4% | 16.2% | 43.0% |
| FY2020 | 9.2% | 12.2% | 43.5% |
| FY2019 | 8.1% | 10.4% | 41.0% |
| FY2018 | 29.5% | 35.4% | 39.2% |
| FY2017 | 10.9% | 21.4% | 43.5% |
| FY2016 | 14.2% | 21.2% | 44.4% |
| FY2015 | 14.4% | 21.5% | 44.7% |
| FY2014 | 13.8% | 21.2% | 43.3% |
| FY2013 | 14.7% | 22.0% | 43.4% |
| FY2012 | 15.1% | 21.7% | 43.0% |
| FY2011 | 14.9% | 21.9% | 42.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 20.4% | +0.2 pts | 26.5% | |
| Q1 FY26 | 20.4% | +0.4 pts | 26.5% | |
| Q4 FY25 | 20.3% | +0.4 pts | 26.3% | |
| Q3 FY25 | 21.2% | +1.8 pts | 27.4% | |
| Q2 FY25 | 20.2% | +0.7 pts | 26.8% | |
| Q1 FY25 | 20.0% | +0.8 pts | 26.4% | |
| Q4 FY24 | 19.9% | +1.0 pts | 26.2% | |
| Q3 FY24 | 19.3% | +0.9 pts | 25.4% | |
| Q2 FY24 | 19.5% | +2.3 pts | 25.5% | |
| Q1 FY24 | 19.3% | +5.8 pts | 25.0% | |
| Q4 FY23 | 18.9% | +6.4 pts | 24.4% | |
| Q3 FY23 | 18.4% | +7.1 pts | 23.7% |
Against its peers
Companies in Chemicals - Specialty nearest Linde's size, closest first, today.
| Company | Profit margin |
|---|---|
| LINLinde | 20.4% |
| SHWSherwin-Williams | 11.0% |
| ECLEcolab | 12.6% |
| APDAir Products and Chemicals | −0.4% |
| PPGPPG Industries | 9.6% |
| IFFInternational Flavors & Fragrances | 2.9% |
| Peer median | 9.6% |
Where Linde ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Linde
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.