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Linde plcLSE:0M2B Stock Report

Market Cap €195.5b
Share Price
n/a
1Y5.2%
7D1.5%
1D-0.3%
Portfolio Value
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Linde plc

LSE:0M2B Stock Report

Market Cap: €195.5b

Last Earnings Call

Q2 2026 · 31 Jul 2026
Full Transcript

Linde plc reported Q2 2026 sales of $9.29 billion, a 9% year-over-year increase, and adjusted EPS of $4.50, up 10% year-over-year. The results beat the analyst consensus estimates, which stood at approximately $9.02 billion for revenue and $4.49 for EPS.

Management highlighted a record sale-of-gas backlog of $8.1 billion, driven by electronics wins. However, they expressed dissatisfaction with operating margins, which declined 60 basis points to 29.5%, primarily due to cost inflation and headwinds in the U.S. homecare (Lincare) business. Management reiterated full-year 2026 adjusted EPS guidance of $17.70–$17.90.

Market Reaction

Linde shares fell sharply on July 31, 2026, dropping by approximately 5% to 6% (reported figures range from 5.06% to 5.95%). Analysts cited concerns over the reported operating margin compression and persistent headwinds within the U.S. homecare segment as the primary drivers for the negative market response.

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Linde plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Linde
Historical stock prices
Current Share PriceUS$425.20
52 Week HighUS$479.40
52 Week LowUS$332.60
Beta0.73
1 Month Change-8.64%
3 Month Change-0.75%
1 Year Change5.30%
3 Year Change21.84%
5 Year Change61.29%
Change since IPO197.98%

Recent News & Updates

Recent updates

Shareholder Returns

0M2BGB ChemicalsGB Market
7D1.6%5.0%1.0%
1Y5.3%23.6%19.3%

Return vs Industry: 0M2B underperformed the UK Chemicals industry which returned 23.6% over the past year.

Return vs Market: 0M2B underperformed the UK Market which returned 19.3% over the past year.

Price Volatility

Is 0M2B's price volatile compared to industry and market?
0M2B volatility
0M2B Average Weekly Movement3.1%
Chemicals Industry Average Movement6.3%
Market Average Movement5.1%
10% most volatile stocks in GB Market10.4%
10% least volatile stocks in GB Market2.7%

Stable Share Price: 0M2B has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0M2B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187964,649Sanjiv Lambawww.linde.com

Linde plc operates as an industrial gas company worldwide. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants.

Linde plc Fundamentals Summary

How do Linde's earnings and revenue compare to its market cap?
0M2B fundamental statistics
Market cap€195.54b
Earnings (TTM)€6.27b
Revenue (TTM)€30.69b
31.2x
P/E Ratio
6.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0M2B income statement (TTM)
RevenueUS$35.45b
Cost of RevenueUS$18.31b
Gross ProfitUS$17.14b
Other ExpensesUS$9.90b
EarningsUS$7.24b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)15.71
Gross Margin48.35%
Net Profit Margin20.44%
Debt/Equity Ratio68.9%

How did 0M2B perform over the long term?

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Dividends

1.3%
Current Dividend Yield
40%
Payout Ratio

Does 0M2B pay a reliable dividends?

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When do you need to buy 0M2B by to receive an upcoming dividend?
Linde dividend dates
Ex Dividend DateSep 03 2026
Dividend Pay DateSep 17 2026
Days until Ex dividend24 days
Days until Dividend pay date38 days

Does 0M2B pay a reliable dividends?

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/10 08:10
End of Day Share Price 2026/08/07 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Linde plc is covered by 52 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
David MantheyBaird
null nullBanco de Sabadell. S.A.