Linde plc

NasdaqGS:LIN 주식 리포트

시가총액: US$239.6b

Linde 과거 순이익 실적

과거 기준 점검 4/6

Linde은 연평균 17.1%의 비율로 수입이 증가해 온 반면, Chemicals 산업은 수입이 4% 감소했습니다. 매출은 연평균 2.6%의 비율로 증가했습니다. Linde의 자기자본이익률은 18.1%이고 순이익률은 20.4%입니다.

핵심 정보

17.06%

순이익 성장률

19.15%

주당순이익(EPS) 성장률

Chemicals 산업 성장률12.93%
매출 성장률2.64%
자기자본이익률18.09%
순이익률20.44%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

분석 기사 • Jun 17

Linde (LIN) Stock Could Be 4.9% Undervalued As Space Launch Demand Draws Attention

Fresh analyst commentary on Linde (LIN) highlights its role in supplying industrial gases to the growing commercial space launch market, with expectations of a modest positive contribution to annual volume growth. See our latest analysis for Linde. Linde’s recent analyst attention around commercial space launch activity comes on top of strong share price momentum, with a roughly 21% year to date share price return and a 5 year total shareholder return close to 91%, suggesting that interest...
내러티브 업데이트 • Jun 06

LIN: Pricing Power And Capital Returns Will Support Fairly Valued Helium And Hydrogen Exposure

Linde's analyst price target has been raised by around $4 to $545, with analysts pointing to updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E as support for the move. Analyst Commentary Recent Street research around Linde has centered on a series of price target revisions and one rating upgrade, giving you a clearer sense of how professionals are thinking about valuation, execution risk, and growth opportunities.
내러티브 업데이트 • May 13

LIN: Pricing Power And Capital Returns Will Shape Fairly Valued Helium Exposure

Linde's analyst fair value estimate has moved from $525.49 to $540.61 as analysts factor in updated assumptions around revenue growth, profit margins, and P/E expectations, reflected in a series of recent price target increases from several banks. Analyst Commentary Recent research shows a cluster of higher price targets and one rating upgrade, which together help explain the modest rise in the consolidated fair value estimate for Linde.
Seeking Alpha • May 05

Linde: A Great Business That's A Bit Too Expensive

Summary Linde (LIN) remains a best-in-class industrial with robust margins, 33 years of dividend growth, and disciplined capital allocation. Q1'26 results reinforced business resilience: 10% EPS growth, 30% margins, and $1.5B returned to shareholders, despite only 1% underlying volume growth. Secular tailwinds in electronics, aerospace, and helium offer long-term upside, but near-term volume recovery is not yet visible, especially in EMEA. At 28x forward earnings and 7–9% EPS growth, I rate LIN a Hold, preferring entry in the $420–$440 range for better margin of safety. Read the full article on Seeking Alpha
내러티브 업데이트 • Apr 27

LIN: Pricing Power And Capital Returns Will Guide Fairly Valued Helium Exposure

The analyst price target for Linde has been raised to $525.49 from $516.41, as analysts point to updated assumptions for modestly higher revenue growth and a slightly richer future P/E multiple, even as margin expectations and the discount rate are adjusted. Analyst Commentary Recent research on Linde has been active, with several firms adjusting price targets and ratings in different directions.
내러티브 업데이트 • Apr 10

LIN: Pricing Power And Capital Returns Will Shape Helium And Inflation Response

The analyst price target for Linde has been revised higher, with fair value moving from $503.52 to $516.41 as analysts factor in updated views on helium market pressure, pricing power, and the company’s positioning relative to other materials names. Analyst Commentary Recent Street research on Linde shows a mix of optimism and caution, with several firms adjusting price targets and ratings based on views of helium supply, pricing power, and how the company compares with other materials names.
내러티브 업데이트 • Jan 23

LIN: Defensive Profile And Buybacks Poised To Support 2026 Rerating

Narrative Update Analysts have lifted their price target for Linde by about $0.31 to $503.52. This reflects updated assumptions around slightly lower revenue growth, a modestly higher discount rate, and a small uptick in expected profit margins and future P/E, in line with recent research citing earnings growth potential and perceived risk/reward.
분석 기사 • Jan 23

Linde plc's (NASDAQ:LIN) Popularity With Investors Is Under Threat From Overpricing

Linde plc's ( NASDAQ:LIN ) price-to-earnings (or "P/E") ratio of 29.3x might make it look like a sell right now...
내러티브 업데이트 • Jan 09

LIN: Defensive Profile And Buybacks Will Support 2026 Rerating Potential

Analysts have nudged their price target for Linde up from about $502.88 to $503.21, reflecting updated assumptions around revenue growth, profit margins and future P/E. They have also weighed recent research that includes an upgrade to Buy and removal from a top ideas list.
분석 기사 • Jan 09

Estimating The Intrinsic Value Of Linde plc (NASDAQ:LIN)

Key Insights The projected fair value for Linde is US$390 based on 2 Stage Free Cash Flow to Equity With US$440 share...
내러티브 업데이트 • Dec 14

LIN: Defensive Profile And Buybacks Will Support Shares Into 2026

Linde's analyst price target has been trimmed modestly, falling from about $505.61 to $502.88 as analysts weigh the stock's defensive growth profile, slightly lower fair value multiple assumptions, and a challenging near term macro backdrop against expectations for earnings growth acceleration in 2026. Analyst Commentary Recent research updates present a mixed but generally constructive view on Linde, with analysts balancing its defensive growth profile against persistent macro and volume headwinds across key end markets.
내러티브 업데이트 • Nov 26

LIN: Earnings Momentum And Defensive Appeal Will Drive Share Performance Into 2026

Linde's analyst price target saw a slight decrease, dropping from $507 to $500, as analysts revised their outlook based on expectations for future earnings growth acceleration and the company's continued positioning as a defensive growth stock, even with ongoing sector challenges. Analyst Commentary Recent analyst reports reflect a balanced but nuanced outlook for Linde, with both positive and cautious perspectives shaping market sentiment.
내러티브 업데이트 • Nov 12

LIN: Earnings Growth Acceleration Projected to Drive Share Price Momentum

Linde's analyst price target has shifted modestly lower from $511 to $505.61. Analysts factor in updated earnings forecasts and expectations for growth catalysts amid a challenging macroeconomic landscape.
분석 기사 • Sep 29

With EPS Growth And More, Linde (NASDAQ:LIN) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
분석 기사 • Sep 05

Linde (NASDAQ:LIN) Is Experiencing Growth In Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
내러티브 업데이트 • Sep 04

US Clean Energy And Hydrogen Trends Will Define Future Infrastructure

Analysts cite Linde’s resilient operational performance driven by effective pricing, strong project execution, and progress in clean energy initiatives as key positives, resulting in an unchanged consensus price target of $511. Analyst Commentary Continued resilience in the face of global industrial production headwinds, attributed to effective pricing strategies.
분석 기사 • Jun 30

Is Linde plc (NASDAQ:LIN) Potentially Undervalued?

Today we're going to take a look at the well-established Linde plc ( NASDAQ:LIN ). The company's stock saw a...
Seeking Alpha • Mar 30

The Linde Investment Case Is Continuing To Deliver

Summary Linde offers long-term investors a solid 10-12% return potential, backed by a 20% CAGR since 2017 and a 340% total return. The company's stability, geographical diversification, and crucial role in various industries make it a resilient and essential investment. Despite a forward PE ratio of 27, Linde's strong EPS growth, strategic location, and robust supply chain ensure continued profitability and shareholder returns. Risks include increasing long-term debt and geopolitical tensions, but Linde remains a strong buy for conservative portfolios seeking steady growth. Read the full article on Seeking Alpha
Seeking Alpha • Feb 28

Linde: Oligopoly Leader, Further Profitability Increase Ahead

Summary Linde plc is the leader in the oligopolistic industrial gases market. The on-site nature of the business and a low distribution radius form a natural moat for companies operating in the industrial gases market. Purchase Accounting effect from the Linde AG / Praxair merger back in 2018 led to Linde reporting artificially low GAAP earnings. Linde's organic growth outlook, coupled with ongoing margin increases and economies of scale, should allow Linde to grow earnings at a rate of at least 8% annually. I would add to my position at around 27x Adjusted EPS, implying an entry price of $420 on FY24 earnings or $445 on FY25 earnings. Read the full article on Seeking Alpha
Seeking Alpha • Feb 04

Linde: Looking For A Better Entry Point Despite Highly Attractive Fundamentals

Summary Following the $73 billion merger with Praxair completed at the end of October 2018, Linde is now the world's largest producer of industrial gases. The industrial gas industry is now highly consolidated, with the four largest players accounting for over 80% of worldwide sales. In retrospect, the merger between Linde and Praxair will likely be seen as the last step in the industry's consolidation process. I expect much of Linde's future growth to come from organic opportunities, specifically from the $10.1 billion project backlog. In my view, the inorganic growth vector has been largely exhausted. Linde's free cash flow yield of 2.3% is among the lowest in at least a decade. Even if EPS growth remains strong in the low teens, the valuation creates meaningful downside risks, hence my hold rating. Read the full article on Seeking Alpha
Seeking Alpha • Jan 11

Linde Keeps Its Momentum Alive

Summary Linde plc is a potential buy, showing steady growth with a 238% increase over 10 years, despite market fluctuations. The industrial gases market is projected to grow significantly, driven by clean energy, decarbonization, and expanding applications in healthcare and technology. Linde's strong financials, low volatility, and proactive management strategies position it well for future growth, despite risks like increased debt, economic vagaries, and a low dividend yield. Analysts are bullish on LIN, with 19 out of 28 recommending it as a buy or strong buy; we believe it sells at a fair price with positive growth potential. Read the full article on Seeking Alpha
Seeking Alpha • Nov 03

Linde: Dragged Down By Slowdown In Asia And Europe

Summary Linde is a growing low-risk business capable of generating 30%+ returns on capital invested. Elevated inflation levels as of late enabled Linde to raise prices and helped boost earnings growth. The economic backdrop is less favourable currently and the stock could re-rate to a lower valuation multiple. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Linde: Too Pricey, Neutral Rated

Summary Q3 Wall Street analysts' expectations exceed the company's outlook. Any negative surprise might significantly impact Linde's valuation. Linde's investment backlog declined, and the company is also exposed to cyclical sectors. Compared to peers, Linde is expensive on EV/EBITDA and P/E basis. FCF yield is also lower than peers. We are now neutral. Read the full article on Seeking Alpha
Seeking Alpha • Sep 11

Linde: TSMC Phoenix Facility Starting To Contribute Profits

Summary I reiterate a ‘Buy’ rating for Linde with a one-year target price of $520 per share, driven by double-digit EPS growth and effective cost management. Linde reported 3% growth in underlying revenue and 6% growth in adjusted operating profits, with strong pricing and productivity despite flattish volume growth. High-quality project backlog, including semiconductor manufacturing facilities and green energy initiatives, positions Linde for near-term business growth and profitability. Despite weak industrial production and growth challenges in China, Linde’s consistent capital allocation and cost pass-through model support sustained earnings growth. Read the full article on Seeking Alpha
Seeking Alpha • Jul 09

Linde: A Quality Company But Valuation Looks A Little Bloated

Summary Linde is a high-quality defensive company with strong share price performance in recent years, mostly driven by margin expansion. Revenue growth has been limited and with the rising share prices, valuation is looking bloated. We would like to see organic growth before we re-rate this company. With its current high PE ratios, we initiate with a sell rating. Read the full article on Seeking Alpha
Seeking Alpha • May 20

Linde: A Deserved Valuation Premium, Margin Growth Persists

Summary Linde plc is the largest industrial gas company in the world, with strong sales and a wide range of industries it serves. Despite a slightly light Q1 report, Linde's management expects a significant increase in adjusted EPS for FY 2024 with continued strong margins. Analysts project steady EPS growth for Linde over the next few years, though sell side downgrades have come along with a pullback in shares since the end of the first quarter. I highlight key price levels to watch on the chart as the stock nears key support. Read the full article on Seeking Alpha
Seeking Alpha • Mar 10

Linde: Maintain Buy, Strong EPS Growth Indicated In FY24 From Pricing, Cost Management

Summary Linde's stock price has surged by over 25% since the presentation of a 'Buy' thesis, with strong revenue and profit growth reported. The company's pricing strategy and cost management initiatives have contributed to margin expansion and strong earnings growth expected in FY24. The projection of 8%-11% adjusted EPS growth, backed by a high-quality project backlog, pricing growth, and share repurchases, further supports the 'Buy' rating. Read the full article on Seeking Alpha
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새로운 내러티브 • Feb 19

Strategic Sustainability and Clean Energy Investments Promise Future Growth

Linde's sustainability efforts and renewable energy initiatives signal a commitment to long-term operational efficiency and enhanced brand reputation, potentially boosting net margins.
Seeking Alpha • Jan 14

Linde: Robust Financials And A New Hydrogen Plant Make It A Strong Buy

Summary Linde plc operates in the industrial gases and engineering sector, providing essential gases for various industries. Despite a decrease in sales, Linde's Q3 profit margin increased through strategic actions and lowered costs. Linde's investment in a new hydrogen plant showcases their commitment to innovation, sustainability, and economic growth. Read the full article on Seeking Alpha
Seeking Alpha • Oct 30

Linde Q3: Stellar Execution Despite Macro Weakness; $15 Billion Of New Buybacks Announced

Summary On October 26, 2023, Linde released Q3 results with sales missing street consensus and down 7% YoY due to diminishing cost pass-through effects and a weak macro environment. Adjusting for cost pass-through and FX effects, underlying sales were up 3% YoY, driven by pricing and favorable mix, leading to a 550bps operating margin expansion vs. Q3 2022. Performance in EMEA was particularly strong with 820bps YoY margin expansion, cutting down the legacy EMEA/APAC assets margin gap vs. Americas segment to 1.3%. Prior to the results management also announced a new $15 billion buyback program which, together with the remaining authorized $2 billion, could retire up to 9.4% of the total outstanding shares. I reiterate my Buy rating and update my DCF model to calculate a target price of $442 per share, up 6.5%. Read the full article on Seeking Alpha
Seeking Alpha • Oct 07

Linde Should Definitely Be High On Your Watchlist

Summary Linde is a dividend aristocrat with a 30-year history of annual dividend increases. The company has shown significant organic growth and is expected to continue growing sales and EPS in the medium term. However, the current valuation of the shares is high, making them overvalued, and there are risks to the investment thesis, including competition and higher interest rates. Read the full article on Seeking Alpha
Seeking Alpha • Sep 15

Linde: Best Of Breed Defensive Growth Plus Hydrogen Upside Make It A Buy

Summary Linde plc is the global leader in industrial gases with a 33% market share and FY22 revenues of more than $33bn. The company has strong pricing power and is well-positioned to capitalize on the growing demand for industrial gases, particularly in the APAC region. Leveraging the high stability of its core business, Linde is investing heavily in clean hydrogen and can deploy its strong balance sheet for M&A, capital structure optimization and share buybacks. Read the full article on Seeking Alpha
Seeking Alpha • Aug 04

Linde: Double-Digit EPS Growth, Buy Confirmed

Summary Linde reported Q2 results with decreased sales but increased organic turnover and core operating profit. The company raised its Fiscal Year 2023 EPS guidance and expects double-digit EPS growth. Supportive backlog, higher market share vs. Air Liquide, and a solid balance sheet. Our buy rating is then confirmed. Read the full article on Seeking Alpha
Seeking Alpha • Jul 11

Hydrogen Revolution: Linde's Resilience Amid Recession And Inflation

Summary Linde, the largest industrial gas company worldwide, is well-positioned in the blue and green hydrogen industries, expecting this business to quadruple over the next decade. Linde's business model, which includes passing inflation onto customers and contractual fixed payments, provides significant protection during economic downturns. Despite potential risks from weak demand and sluggish volume growth, Linde's solid capital allocation, clean-energy projects, and growth in the hydrogen sector make it a resilient investment. Read the full article on Seeking Alpha

매출 및 비용 세부 내역

Linde가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NasdaqGS:LIN 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 2634,6557,0823,313147
31 Dec 2533,9866,8983,204147
30 Sep 2533,5047,0933,149151
30 Jun 2533,2456,7143,087152
31 Mar 2533,0176,6113,067150
31 Dec 2433,0056,5653,147150
30 Sep 2433,0256,3833,172150
30 Jun 2432,8246,3983,167149
31 Mar 2432,7616,3103,164148
31 Dec 2332,8546,1993,131146
30 Sep 2332,4515,9843,044143
30 Jun 2333,0935,6922,988142
31 Mar 2333,3464,4892,909144
31 Dec 2233,3644,1472,870143
30 Sep 2233,7633,8432,902145
30 Jun 2232,6343,5482,933146
31 Mar 2231,7614,0162,997143
31 Dec 2130,7933,8212,997143
30 Sep 2129,7673,5663,015143
30 Jun 2128,9543,2872,996143
31 Mar 2127,7472,9052,938143
31 Dec 2027,2432,4973,016152
30 Sep 2027,0512,2353,079163
30 Jun 2027,1962,2643,202171
31 Mar 2028,0232,3193,347182
31 Dec 1928,2282,1833,425184
30 Sep 1926,9494,5463,310177
30 Jun 1922,9574,2792,758156
31 Mar 1918,7974,2462,207135
31 Dec 1814,8364,2731,625113
30 Sep 1811,9881,4361,23695
30 Jun 1811,9021,3941,24295
31 Mar 1811,6921,3201,24094
31 Dec 1711,3581,2471,20393
30 Sep 1711,1281,6201,16092
30 Jun 1710,9221,5401,14591
31 Mar 1710,7531,5331,14692
31 Dec 1610,5341,5001,15492
30 Sep 1610,4851,5161,14892
30 Jun 1610,4551,5781,13893
31 Mar 1610,5281,4871,12792
31 Dec 1510,7761,5471,15293
30 Sep 1511,1711,4271,19794
30 Jun 1511,6291,5031,24396

양질의 수익: LIN는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: LIN의 현재 순 이익률 (20.4%)은 지난해 (20%)보다 높습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: LIN의 수익은 지난 5년 동안 연평균 17.1% 증가했습니다.

성장 가속화: 지난 1년간 LIN 의 수익 증가율(7.1%)은 5년 평균(연간 17.1%)보다 낮습니다.

수익 대 산업: LIN의 지난 1년 수익 증가율(7.1%)은 Chemicals 업계의 0.1%를 상회했습니다.

자기자본이익률

높은 ROE: LIN의 자본 수익률(18.1%)은 낮음으로 평가됩니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/17 04:19
종가2026/06/17 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
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시장 가격30년
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지분 구조10년
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경영진10년
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주요 개발10년
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분석가 소스

Linde plc는 51명의 분석가가 다루고 있습니다. 이 중 25명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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