To the full analysis
Linde stock: growth
LINLinde reported $33.99B in revenue for fiscal 2025, up 3% on the prior year, up 4.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
7.7%
per year from 2006 to 2025, per share 5.6%
Earnings (Annual rate)
10.8%
per year from 2006 to 2025, per share 8.6%
Free cash flow (Annual rate)
11.4%
per year from 2006 to 2025, per share 9.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 4.5% | 12.2% | 7.7% |
| Revenue per share | 7.1% | 6.9% | 5.6% |
| Earnings | 22.5% | 16.1% | 10.8% |
| Earnings per share | 25.3% | 10.5% | 8.6% |
| Free cash flow | 4.8% | 16.1% | 11.4% |
| Free cash flow per share | 7.4% | 10.6% | 9.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $8.32B | $988M | $652M |
| 2007 | $9.4B | $1.18B | $582M |
| 2008 | $10.8B | $1.21B | $427M |
| 2009 | $8.96B | $1.25B | $816M |
| 2010 | $10.12B | $1.2B | $517M |
| 2011 | $11.25B | $1.67B | $658M |
| 2012 | $11.22B | $1.69B | $572M |
| 2013 | $11.93B | $1.76B | $897M |
| 2014 | $12.27B | $1.69B | $1.18B |
| 2015 | $10.78B | $1.55B | $1.14B |
| 2016 | $10.53B | $1.5B | $1.31B |
| 2017 | $11.44B | $1.25B | $1.73B |
| 2018 | $14.84B | $4.38B | $1.82B |
| 2019 | $28.23B | $2.29B | $2.51B |
| 2020 | $27.24B | $2.5B | $4.03B |
| 2021 | $30.79B | $3.83B | $6.64B |
| 2022 | $33.36B | $4.15B | $5.69B |
| 2023 | $32.85B | $6.2B | $5.52B |
| 2024 | $33.01B | $6.57B | $4.93B |
| 2025 | $33.99B | $6.9B | $5.09B |
Revenue by segment
How Linde plc makes its money and how that has shifted. Names are as the company reports them.
- Americas45%
- EMEA25%
- APAC20%
- Engineering8%
- Other3%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| Americas | $10.99B | $10.46B | $12.1B | $13.87B | $14.3B | $14.44B | $15.21B | 44.7% |
| EMEA | $6.64B | $6.45B | $7.64B | $8.44B | $8.54B | $8.35B | $8.55B | 25.2% |
| APAC | $5.84B | $5.69B | $6.13B | $6.48B | $6.56B | $6.63B | $6.66B | 19.6% |
| Engineering | $2.8B | $2.85B | $2.87B | $2.76B | $2.16B | $2.32B | $2.7B | 8% |
| Other | $1.95B | $1.8B | $2.05B | $1.81B | $1.29B | $1.26B | $866M | 2.5% |
| Total revenue | $28.23B | $27.24B | $30.79B | $33.36B | $32.85B | $33.01B | $33.99B | 100% |
Revenue by region
Where Linde plc generates its revenue.
- United States36%
- China8%
- Germany7%
- United Kingdom4%
- Mexico4%
- Brazil4%
- Other37%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| United States | $5.94B | $8.6B | $8.48B | $9.12B | $10.55B | $10.57B | $11.5B | $12.18B | 35.8% |
| China | $1.03B | $2.01B | $2.06B | $2.56B | $2.64B | $2.59B | $2.65B | $2.6B | 7.7% |
| Germany | $868M | $3.63B | $3.74B | $3.6B | $3.66B | $2.83B | $2.51B | $2.43B | 7.2% |
| United Kingdom | no data | $1.65B | $1.6B | $2.06B | $1.95B | $1.51B | $1.54B | $1.51B | 4.4% |
| Mexico | no data | no data | no data | no data | no data | no data | $1.35B | $1.39B | 4.1% |
| Brazil | $1.07B | $994M | $822M | $1.07B | $1.16B | $1.3B | $1.26B | $1.33B | 3.9% |
| Other | $5.93B | $11.34B | $10.55B | $12.38B | $13.39B | $14.07B | $12.2B | $12.55B | 36.9% |
| Total revenue | $14.84B | $28.23B | $27.24B | $30.79B | $33.36B | $32.85B | $33.01B | $33.99B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 17 Jul 2026)
- Valuation signal Overvalued since 10 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.