Linde (LIN) Financials

$454.92 +6.93 (+1.55%)

As of 02:05 PM Eastern

Annual Income Statements for Linde

This table shows Linde's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1,500	1,247	4,381	2,285	2,501	3,826	4,147	6,199	6,565
Consolidated Net Income / (Loss)	1,538	1,308	4,405	2,381	2,626	3,961	4,281	6,341	6,737
Net Income / (Loss) Continuing Operations	1,538	1,308	4,288	2,272	2,622	3,956	4,281	6,341	6,737
Total Pre-Tax Income	2,048	2,287	5,049	2,927	3,384	5,099	5,543	7,988	8,569
Total Operating Income	2,247	2,444	5,247	2,933	3,322	4,984	5,369	8,024	8,635
Total Gross Profit	4,679	4,976	5,816	11,584	11,860	13,250	13,914	15,362	15,862
Total Revenue	10,534	11,358	14,836	28,228	27,243	30,793	33,364	32,854	33,005
Operating Revenue	10,534	11,358	14,836	28,228	27,243	30,793	33,364	32,854	33,005
Total Cost of Revenue	5,855	6,382	9,020	16,644	15,383	17,543	19,450	17,492	17,143
Operating Cost of Revenue	5,855	6,382	9,020	16,644	15,383	17,543	19,450	17,492	17,143
Total Operating Expenses	2,432	2,532	569	8,651	8,538	8,266	8,545	7,338	7,227
Selling, General & Admin Expense	1,145	1,207	1,629	3,457	3,193	3,189	3,107	3,295	3,337
Research & Development Expense	92	93	113	184	152	143	143	146	150
Depreciation Expense	1,122	1,184	1,830	4,675	4,626	4,635	4,204	3,816	3,780
Other Operating Expenses / (Income)	-23	-4.00	-3,312	-232	61	26	62	41	-185
Restructuring Charge	-	-	-	-	506	273	1,029	40	145
Total Other Income / (Expense), net	-199	-157	-198	-6.00	62	115	174	-36	-66
Interest Expense	190	161	202	38	115	77	63	200	256
Other Income / (Expense), net	-9.00	4.00	4.00	32	177	192	237	164	190
Income Tax Expense	551	1,026	817	769	847	1,262	1,434	1,814	2,002
Other Gains / (Losses), net	41	47	56	114	85	119	172	167	170
Net Income / (Loss) Attributable to Noncontrolling Interest	38	61	24	96	125	135	134	142	172
Weighted Average Basic Shares Outstanding	285.68M	286.26M	330.40M	541.09M	526.74M	516.90M	499.74M	488.19M	478.77M
Diluted Earnings per Share	$5.21	$4.32	$13.11	$4.19	$4.71	$7.33	$8.23	$12.59	$13.62
Weighted Average Diluted Shares Outstanding	287.76M	289.11M	334.13M	545.17M	531.16M	521.88M	504.04M	492.29M	482.09M
Weighted Average Basic & Diluted Shares Outstanding	-	286M	330.40M	532.96M	522.84M	507.74M	492.16M	481.58M	472.91M
Cash Dividends to Common per Share	$3.00	$3.15	$3.30	$3.50	$3.85	$4.24	$4.68	$5.10	$5.56

This table shows Linde's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1,273	1,328	1,516	1,575	1,565	1,543	1,627	1,663	1,550	1,725
Consolidated Net Income / (Loss)	1,300	1,361	1,552	1,612	1,601	1,576	1,665	1,700	1,603	1,769
Net Income / (Loss) Continuing Operations	1,300	1,361	1,552	1,612	1,601	1,576	1,665	1,700	1,603	1,769
Total Pre-Tax Income	1,648	1,714	1,941	2,004	2,047	1,996	2,080	2,163	2,063	2,263
Total Operating Income	1,613	1,687	1,933	2,011	2,052	2,028	2,095	2,184	2,086	2,270
Total Gross Profit	3,512	3,472	3,762	3,888	3,841	3,871	3,884	4,016	4,000	3,962
Total Revenue	8,797	7,899	8,193	8,204	8,155	8,302	8,100	8,267	8,356	8,282
Operating Revenue	8,797	7,899	8,193	8,204	8,155	8,302	8,100	8,267	8,356	8,282
Total Cost of Revenue	5,285	4,427	4,431	4,316	4,314	4,431	4,216	4,251	4,356	4,320
Operating Cost of Revenue	5,285	4,427	4,431	4,316	4,314	4,431	4,216	4,251	4,356	4,320
Total Operating Expenses	1,899	1,785	1,829	1,877	1,789	1,843	1,789	1,832	1,914	1,692
Selling, General & Admin Expense	770	764	822	833	808	832	860	840	823	814
Research & Development Expense	35	36	36	35	36	39	38	36	37	39
Depreciation Expense	1,045	956	948	960	959	949	949	958	960	913
Other Operating Expenses / (Income)	34	4.00	5.00	27	-16	25	-58	-2.00	-51	-74
Total Other Income / (Expense), net	35	27	8.00	-7.00	-5.00	-32	-15	-21	-23	-7.00
Interest Expense	18	31	37	52	40	71	65	70	68	53
Other Income / (Expense), net	53	58	45	45	35	39	50	49	45	46
Income Tax Expense	391	388	430	438	487	459	463	508	498	533
Other Gains / (Losses), net	43	35	41	46	41	39	48	45	38	39
Net Income / (Loss) Attributable to Noncontrolling Interest	27	33	36	37	36	33	38	37	53	44
Weighted Average Basic Shares Outstanding	497.19M	499.74M	491.82M	489.62M	487.12M	488.19M	481.95M	479.97M	477.66M	478.77M
Diluted Earnings per Share	$2.54	$2.65	$3.06	$3.19	$3.19	$3.15	$3.35	$3.44	$3.22	$3.61
Weighted Average Diluted Shares Outstanding	501.15M	504.04M	495.68M	493.55M	491.08M	492.29M	485.59M	483.18M	480.90M	482.09M
Weighted Average Basic & Diluted Shares Outstanding	494.38M	492.16M	490.25M	487.95M	484.89M	481.58M	480.68M	477.50M	476.16M	472.91M

This table details how cash moves in and out of Linde's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	723	-51	4,073	-1,752	1,054	-931	2,613	-772	186
Net Cash From Operating Activities	2,789	2,919	3,702	6,010	7,429	9,725	8,864	9,305	9,423
Net Cash From Continuing Operating Activities	2,789	3,041	3,654	6,119	7,429	9,725	8,864	9,305	9,423
Net Income / (Loss) Continuing Operations	1,538	1,308	4,288	2,272	2,622	3,956	4,281	6,341	6,737
Consolidated Net Income / (Loss)	1,538	1,186	4,396	2,374	2,622	3,826	4,281	6,341	6,737
Depreciation Expense	1,122	1,184	1,830	4,675	4,626	4,635	4,204	3,816	3,780
Non-Cash Adjustments To Reconcile Net Income	68	128	-2,646	-289	174	1,649	577	-18	-23
Changes in Operating Assets and Liabilities, net	61	421	-186	-551	7.00	-380	-198	-834	-1,071
Net Cash From Investing Activities	-1,407	-1,314	5,340	1,129	-2,986	-3,007	-3,088	-4,670	-4,644
Net Cash From Continuing Investing Activities	-1,407	-1,314	5,363	1,189	-2,986	-3,007	-3,088	-4,670	-4,644
Purchase of Property, Plant & Equipment	-1,465	-1,311	-1,883	-3,682	-3,400	-3,086	-3,173	-3,787	-4,497
Acquisitions	-	-33	-25	-225	-68	-88	-110	-953	-317
Divestitures	58	30	5,908	5,096	482	167	195	70	170
Net Cash From Financing Activities	-659	-1,656	-4,996	-8,992	-3,345	-7,588	-3,089	-5,400	-4,359
Net Cash From Continuing Financing Activities	-659	-1,656	-4,998	-8,997	-3,345	-7,588	-3,089	-5,400	-4,359
Repayment of Debt	-841	-874	-3,526	-4,843	-1,703	-1,791	-1,873	-1,735	-1,725
Repurchase of Common Equity	-228	-12	-599	-2,658	-2,457	-4,612	-5,168	-3,958	-4,482
Payment of Dividends	-856	-901	-1,166	-1,891	-2,028	-2,189	-2,344	-2,482	-2,655
Issuance of Debt	1,127	11	216	323	2,796	954	6,260	2,742	4,472
Issuance of Common Equity	139	120	77	72	47	50	36	33	31
Other Net Changes in Cash	0.00	0.00	27	-77	-	-61	-74	-7.00	-234
Cash Interest Paid	189	184	214	275	322	233	170	451	443
Cash Income Taxes Paid	585	565	757	1,357	1,066	1,710	1,735	1,955	2,216

This table details how cash moves in and out of Linde's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	101	1,680	-474	-1,605	537	770	184	3,202	-2,917	-283
Net Cash From Operating Activities	2,636	2,095	1,908	2,150	2,520	2,727	1,954	1,929	2,731	2,809
Net Cash From Continuing Operating Activities	2,535	2,196	1,904	2,215	2,350	2,836	1,951	5,222	-687	2,937
Net Income / (Loss) Continuing Operations	1,199	1,462	1,552	1,612	1,492	1,685	1,627	5,028	-1,815	1,897
Consolidated Net Income / (Loss)	1,199	1,462	1,516	1,648	1,492	1,685	1,627	5,028	-1,815	1,897
Depreciation Expense	1,045	956	948	960	959	949	949	958	960	913
Non-Cash Adjustments To Reconcile Net Income	235	-410	-61	66	6.00	-29	-17	-169	48	115
Changes in Operating Assets and Liabilities, net	56	188	-499	-459	-107	231	-608	-595	120	12
Net Cash From Investing Activities	-700	-881	-1,634	-864	-946	-1,226	-1,041	-1,270	-957	-1,376
Net Cash From Continuing Investing Activities	-700	-881	-1,634	-864	-946	-1,226	-1,041	-1,270	-957	-1,376
Purchase of Property, Plant & Equipment	-762	-936	-829	-859	-948	-1,151	-1,048	-1,133	-1,066	-1,250
Acquisitions	-61	-	-808	-26	-8.00	-111	0.00	-152	-23	-142
Divestitures	123	55	3.00	21	10	36	7.00	15	132	16
Net Cash From Financing Activities	-1,720	390	-764	-2,892	-964	-780	-668	-808	-1,273	-1,610
Net Cash From Continuing Financing Activities	-1,720	390	-764	-2,892	-964	-780	-668	-808	-1,273	-1,610
Repayment of Debt	2,180	-2,315	-554	-1,109	-314	242	-1,430	-1,080	41	744
Repurchase of Common Equity	-1,149	-690	-859	-908	-1,158	-1,033	-1,041	-1,440	-667	-1,334
Payment of Dividends	-581	-586	-623	-623	-620	-616	-669	-665	-662	-659
Issuance of Debt	-2,172	3,969	1,259	-260	1,124	619	2,456	2,372	8.00	-364
Issuance of Common Equity	2.00	12	13	8.00	4.00	8.00	16	5.00	7.00	3.00

This table presents Linde's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	20,436	93,386	86,612	88,229	81,605	79,658	80,811	80,147
Total Current Assets	3,285	17,272	10,352	10,924	10,159	13,047	12,620	12,945
Cash & Equivalents	617	4,466	2,700	3,754	2,823	5,436	4,664	4,850
Accounts Receivable	1,710	4,297	4,322	4,167	4,499	4,559	4,718	4,622
Inventories, net	614	1,651	1,697	1,729	1,733	1,978	2,115	1,946
Other Current Assets	344	1,360	1,633	1,274	1,104	1,074	1,123	1,527
Plant, Property, & Equipment, net	11,825	29,717	0.00	0.00	26,003	23,548	24,552	24,775
Total Noncurrent Assets	5,326	46,397	76,260	77,305	45,443	43,063	43,639	42,427
Long-Term Investments	727	1,838	2,027	2,061	2,619	2,350	2,190	2,130
Goodwill	3,233	26,874	27,019	28,201	27,038	25,817	26,751	25,937
Intangible Assets	785	16,223	16,137	16,184	13,802	12,420	12,399	11,330
Other Noncurrent Operating Assets	581	1,462	31,077	30,859	1,984	2,476	2,299	3,030
Total Liabilities & Shareholders' Equity	20,436	93,386	86,612	88,229	81,605	79,658	80,811	80,147
Total Liabilities	13,914	36,290	34,977	38,647	36,164	38,271	39,716	40,659
Total Current Liabilities	3,307	12,956	12,160	13,740	13,643	16,479	15,717	14,544
Short-Term Debt	1,217	3,008	3,263	4,002	2,872	5,716	5,976	6,280
Accounts Payable	922	3,219	3,266	3,095	3,503	2,995	3,020	2,507
Current Deferred Revenue	0.00	1,546	1,758	1,769	-	3,073	1,901	1,194
Current Deferred & Payable Income Tax Liabilities	242	657	370	542	429	613	664	637
Other Current Liabilities	926	3,758	3,503	4,332	6,839	4,082	4,156	3,926
Total Noncurrent Liabilities	10,607	23,334	22,817	24,907	22,521	21,792	23,999	26,115
Long-Term Debt	7,783	12,288	10,693	12,152	11,335	12,198	13,397	15,343
Noncurrent Deferred Revenue	1,236	7,611	7,236	7,236	6,998	6,799	6,798	6,757
Other Noncurrent Operating Liabilities	1,588	3,435	4,888	5,519	4,188	2,795	3,804	4,015
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	11	16	113	13	13	13	13	13
Total Equity & Noncontrolling Interests	6,511	57,080	51,522	49,569	45,428	41,374	41,082	39,475
Total Preferred & Common Equity	6,018	51,596	49,074	47,317	44,035	40,028	39,720	38,092
Total Common Equity	6,018	51,596	49,074	47,317	44,035	40,028	39,720	38,092
Common Stock	4,088	40,152	40,202	40,203	40,181	40,006	39,813	39,604
Retained Earnings	13,224	16,529	16,842	17,178	18,710	20,541	8,845	12,634
Treasury Stock	-7,196	-629	-3,156	-5,374	-9,808	-14,737	-3,133	-7,252
Accumulated Other Comprehensive Income / (Loss)	-4,098	-4,456	-4,814	-4,690	-5,048	-5,782	-5,805	-6,894
Noncontrolling Interest	493	5,484	2,448	2,252	1,393	1,346	1,362	1,383

This table presents Linde's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	74,323	79,658	80,308	78,718	77,827	80,811	80,347	80,215	82,546	80,147
Total Current Assets	11,203	13,047	12,904	11,411	11,737	12,620	13,102	12,843	13,460	12,945
Cash & Equivalents	3,756	5,436	4,962	3,357	3,894	4,664	4,848	4,626	5,187	4,850
Accounts Receivable	4,599	4,559	4,753	4,799	4,692	4,718	5,009	5,001	4,871	4,622
Inventories, net	1,855	1,978	2,054	2,079	2,078	2,115	2,100	2,094	2,087	1,946
Other Current Assets	993	1,074	1,135	1,176	1,073	1,123	1,145	1,122	1,315	1,527
Plant, Property, & Equipment, net	22,586	23,548	23,796	23,808	23,624	24,552	24,418	24,575	25,124	24,775
Total Noncurrent Assets	40,534	43,063	43,608	43,499	42,466	43,639	42,827	42,797	43,962	42,427
Long-Term Investments	-	2,350	-	-	-	2,190	-	-	-	2,130
Goodwill	24,565	25,817	26,418	26,456	25,955	26,751	26,289	26,365	27,108	25,937
Intangible Assets	11,810	12,420	12,638	12,510	12,092	12,399	12,001	11,851	12,113	11,330
Other Noncurrent Operating Assets	4,159	2,476	4,552	4,533	4,419	2,299	4,537	4,581	4,741	3,030
Total Liabilities & Shareholders' Equity	74,323	79,658	80,308	78,718	77,827	80,811	80,347	80,215	82,546	80,147
Total Liabilities	35,384	38,271	38,972	37,470	37,589	39,716	40,118	40,664	41,943	40,659
Total Current Liabilities	15,061	16,479	17,785	14,552	14,162	15,717	14,389	13,504	14,049	14,544
Short-Term Debt	4,730	5,716	7,033	3,962	4,771	5,976	5,092	4,587	4,787	6,280
Accounts Payable	3,067	2,995	2,941	2,977	2,750	3,020	2,885	2,859	2,845	2,507
Current Deferred Revenue	-	3,073	-	-	-	1,901	1,827	1,767	1,727	1,194
Current Deferred & Payable Income Tax Liabilities	-	613	-	-	-	664	-	-	-	637
Other Current Liabilities	7,264	4,082	7,811	7,613	6,641	4,156	4,585	4,291	4,690	3,926
Total Noncurrent Liabilities	20,323	21,792	21,187	22,918	23,427	23,999	25,729	27,160	27,894	26,115
Long-Term Debt	10,608	12,198	11,744	13,528	13,232	13,397	15,227	16,931	17,475	15,343
Noncurrent Deferred Revenue	-	6,799	-	-	-	6,798	-	-	-	6,757
Other Noncurrent Operating Liabilities	9,715	2,795	9,443	9,390	10,195	3,804	10,502	10,229	10,419	4,015
Commitments & Contingencies	-	0.00	-	-	-	0.00	-	-	-	0.00
Redeemable Noncontrolling Interest	13	13	13	13	13	13	13	13	13	13
Total Equity & Noncontrolling Interests	38,926	41,374	41,323	41,235	40,225	41,082	40,216	39,538	40,590	39,475
Total Preferred & Common Equity	37,628	40,028	39,970	39,911	38,898	39,720	38,829	38,179	39,173	38,092
Total Common Equity	37,628	40,028	39,970	39,911	38,898	39,720	38,829	38,179	39,173	38,092
Common Stock	40,012	40,006	39,859	39,797	39,803	39,813	39,571	39,561	39,574	39,604
Retained Earnings	19,845	20,541	6,092	7,024	7,940	8,845	9,708	10,721	11,585	12,634
Treasury Stock	-14,135	-14,737	-171	-1,011	-2,169	-3,133	-3,922	-5,309	-5,927	-7,252
Accumulated Other Comprehensive Income / (Loss)	-8,094	-5,782	-5,810	-5,899	-6,676	-5,805	-6,528	-6,794	-6,059	-6,894
Noncontrolling Interest	1,298	1,346	1,353	1,324	1,327	1,362	1,387	1,359	1,417	1,383

This table displays calculated financial ratios and metrics derived from Linde's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	7.82%	30.62%	90.27%	-3.49%	13.03%	8.35%	-1.53%	0.46%
EBITDA Growth	0.00%	8.10%	105.09%	2.73%	6.18%	20.75%	-0.01%	22.36%	5.01%
EBIT Growth	0.00%	9.38%	114.50%	-43.53%	18.01%	47.93%	8.31%	46.06%	7.78%
NOPAT Growth	0.00%	-17.95%	226.36%	-50.83%	15.17%	50.59%	6.12%	55.82%	6.70%
Net Income Growth	0.00%	-14.95%	236.77%	-45.95%	10.29%	50.84%	8.08%	48.12%	6.25%
EPS Growth	0.00%	-17.08%	203.47%	-68.04%	12.41%	55.63%	12.28%	52.98%	8.18%
Operating Cash Flow Growth	0.00%	4.66%	26.82%	62.34%	23.61%	30.91%	-8.85%	4.98%	1.27%
Free Cash Flow Firm Growth	0.00%	0.00%	-233.44%	106.21%	29.25%	175.68%	-29.52%	-38.50%	48.69%
Invested Capital Growth	0.00%	0.00%	332.77%	-0.81%	-1.55%	-9.54%	-4.96%	4.07%	0.96%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.75%	0.71%	3.45%	-1.18%	1.24%	-0.06%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-25.92%	5.52%	2.66%	1.87%	2.69%	1.72%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-46.43%	12.73%	6.39%	6.84%	4.09%	2.90%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-52.34%	12.74%	6.35%	8.21%	4.32%	2.70%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-50.36%	11.27%	6.79%	7.67%	3.51%	2.95%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-63.69%	12.14%	7.95%	8.72%	4.14%	3.50%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	12.61%	4.38%	8.95%	-11.38%	7.29%	0.88%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	7.94%	36.07%	-38.92%	93.60%	95.98%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-2.09%	-2.08%	-6.16%	1.97%	-1.35%	-6.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	44.42%	43.81%	39.20%	41.04%	43.53%	43.03%	41.70%	46.76%	48.06%
EBITDA Margin	31.90%	31.98%	50.21%	27.11%	29.82%	31.86%	29.40%	36.54%	38.19%
Operating Margin	21.33%	21.52%	35.37%	10.39%	12.19%	16.19%	16.09%	24.42%	26.16%
EBIT Margin	21.25%	21.55%	35.39%	10.50%	12.84%	16.81%	16.80%	24.92%	26.74%
Profit (Net Income) Margin	14.60%	11.52%	29.69%	8.43%	9.64%	12.86%	12.83%	19.30%	20.41%
Tax Burden Percent	75.10%	57.19%	87.25%	81.35%	77.60%	77.68%	77.23%	79.38%	78.62%
Interest Burden Percent	91.51%	93.42%	96.15%	98.72%	96.71%	98.51%	98.88%	97.56%	97.10%
Effective Tax Rate	26.90%	44.86%	16.18%	26.27%	25.03%	24.75%	25.87%	22.71%	23.36%
Return on Invested Capital (ROIC)	0.00%	19.01%	11.64%	3.54%	4.12%	6.57%	7.53%	11.80%	12.28%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	17.98%	11.76%	6.78%	5.51%	8.78%	10.72%	13.03%	13.16%
Return on Net Nonoperating Assets (RNNOA)	0.00%	21.10%	2.20%	0.84%	1.07%	1.76%	2.33%	3.58%	4.44%
Return on Equity (ROE)	0.00%	40.11%	13.85%	4.38%	5.19%	8.34%	9.86%	15.38%	16.72%
Cash Return on Invested Capital (CROIC)	0.00%	-180.99%	-113.28%	4.35%	5.69%	16.59%	12.62%	7.81%	11.32%
Operating Return on Assets (OROA)	0.00%	11.98%	9.23%	3.29%	4.00%	6.10%	6.95%	10.21%	10.97%
Return on Assets (ROA)	0.00%	6.40%	7.74%	2.65%	3.00%	4.66%	5.31%	7.90%	8.37%
Return on Common Equity (ROCE)	0.00%	37.01%	12.54%	4.05%	4.94%	8.01%	9.55%	14.87%	16.15%
Return on Equity Simple (ROE_SIMPLE)	0.00%	21.73%	8.54%	4.85%	5.55%	9.00%	10.70%	15.96%	17.69%
Net Operating Profit after Tax (NOPAT)	1,642	1,348	4,398	2,162	2,491	3,750	3,980	6,202	6,618
NOPAT Margin	15.59%	11.86%	29.64%	7.66%	9.14%	12.18%	11.93%	18.88%	20.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.03%	-0.12%	-3.24%	-1.38%	-2.20%	-3.19%	-1.23%	-0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	6.71%	10.26%	10.83%
Cost of Revenue to Revenue	55.58%	56.19%	60.80%	58.96%	56.47%	56.97%	58.30%	53.24%	51.94%
SG&A Expenses to Revenue	10.87%	10.63%	10.98%	12.25%	11.72%	10.36%	9.31%	10.03%	10.11%
R&D to Revenue	0.87%	0.82%	0.76%	0.65%	0.56%	0.46%	0.43%	0.44%	0.45%
Operating Expenses to Revenue	23.09%	22.29%	3.84%	30.65%	31.34%	26.84%	25.61%	22.34%	21.90%
Earnings before Interest and Taxes (EBIT)	2,238	2,448	5,251	2,965	3,499	5,176	5,606	8,188	8,825
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,360	3,632	7,449	7,652	8,125	9,811	9,810	12,004	12,605
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.54	2.19	2.80	3.92	3.93	5.03	5.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	9.35	18.19	45.16	53.99	87.74	350.35	249.76
Price to Revenue (P/Rev)	0.00	0.00	5.35	3.81	4.86	5.60	4.71	6.08	6.24
Price to Earnings (P/E)	0.00	0.00	18.13	47.11	52.94	45.08	37.89	32.21	31.39
Dividend Yield	2.03%	0.00%	1.14%	2.16%	1.53%	1.26%	1.47%	1.26%	1.33%
Earnings Yield	0.00%	35,488.52%	5.52%	2.12%	1.89%	2.22%	2.64%	3.10%	3.19%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.58	1.53	1.96	2.42	3.37	3.27	3.98	4.10
Enterprise Value to Revenue (EV/Rev)	0.00	0.72	6.33	4.23	5.32	5.93	5.05	6.50	6.73
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.25	12.61	15.61	17.85	18.62	17.19	17.79	17.62
Enterprise Value to EBIT (EV/EBIT)	0.00	3.33	17.89	40.29	41.44	35.29	30.08	26.09	25.17
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.06	21.36	55.24	58.23	48.70	42.37	34.44	33.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.80	25.37	19.87	19.52	18.78	19.02	22.95	23.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	44.97	42.23	19.30	25.28	52.06	36.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.38	0.27	0.27	0.33	0.31	0.43	0.47	0.55
Long-Term Debt to Equity	0.00	1.19	0.22	0.21	0.25	0.25	0.29	0.33	0.39
Financial Leverage	0.00	1.17	0.19	0.12	0.19	0.20	0.22	0.27	0.34
Leverage Ratio	0.00	3.13	1.79	1.66	1.73	1.79	1.86	1.95	2.00
Compound Leverage Factor	0.00	2.93	1.72	1.63	1.67	1.76	1.84	1.90	1.94
Debt to Total Capital	0.00%	57.98%	21.13%	21.28%	24.57%	23.82%	30.21%	32.04%	35.38%
Short-Term Debt to Total Capital	0.00%	7.84%	4.16%	4.97%	6.09%	4.81%	9.64%	9.88%	10.28%
Long-Term Debt to Total Capital	0.00%	50.14%	16.97%	16.30%	18.49%	19.00%	20.57%	22.16%	25.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.25%	7.60%	3.90%	3.45%	2.36%	2.29%	2.27%	2.28%
Common Equity to Total Capital	0.00%	38.77%	71.27%	74.82%	71.98%	73.82%	67.50%	65.69%	62.33%
Debt to EBITDA	0.00	2.48	2.05	1.82	1.99	1.45	1.83	1.61	1.72
Net Debt to EBITDA	0.00	2.11	1.21	1.21	1.27	0.89	1.03	1.04	1.16
Long-Term Debt to EBITDA	0.00	2.14	1.65	1.40	1.50	1.16	1.24	1.12	1.22
Debt to NOPAT	0.00	6.68	3.48	6.45	6.49	3.79	4.50	3.12	3.27
Net Debt to NOPAT	0.00	5.68	2.04	4.27	4.15	2.34	2.54	2.02	2.21
Long-Term Debt to NOPAT	0.00	5.78	2.79	4.94	4.88	3.02	3.06	2.16	2.32
Altman Z-Score	0.00	1.86	1.96	2.53	2.73	3.72	3.42	3.87	4.01
Noncontrolling Interest Sharing Ratio	0.00%	7.73%	9.44%	7.41%	4.77%	3.86%	3.18%	3.31%	3.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.99	1.33	0.85	0.80	0.74	0.79	0.80	0.89
Quick Ratio	0.00	0.70	0.68	0.58	0.58	0.54	0.61	0.60	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-12,830	-42,782	2,656	3,434	9,465	6,671	4,103	6,101
Operating Cash Flow to CapEx	190.38%	222.65%	196.60%	163.23%	218.50%	315.13%	279.36%	245.71%	209.54%
Free Cash Flow to Firm to Interest Expense	0.00	-79.69	-211.79	69.91	29.86	122.93	105.89	20.51	23.83
Operating Cash Flow to Interest Expense	14.68	18.13	18.33	158.16	64.60	126.30	140.70	46.53	36.81
Operating Cash Flow Less CapEx to Interest Expense	6.97	9.99	9.01	61.26	35.03	86.22	90.33	27.59	19.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.56	0.26	0.31	0.31	0.36	0.41	0.41	0.41
Accounts Receivable Turnover	0.00	6.64	4.94	6.55	6.42	7.11	7.37	7.08	7.07
Inventory Turnover	0.00	10.39	7.96	9.94	8.98	10.13	10.48	8.55	8.44
Fixed Asset Turnover	0.00	0.96	0.71	0.00	0.00	0.00	1.35	1.37	1.34
Accounts Payable Turnover	0.00	6.92	4.36	5.13	4.84	5.32	5.99	5.82	6.20
Days Sales Outstanding (DSO)	0.00	54.95	73.89	55.72	56.87	51.36	49.55	51.53	51.65
Days Inventory Outstanding (DIO)	0.00	35.12	45.83	36.71	40.65	36.02	34.82	42.70	43.23
Days Payable Outstanding (DPO)	0.00	52.73	83.78	71.11	75.47	68.64	60.97	62.76	58.84
Cash Conversion Cycle (CCC)	0.00	37.34	35.94	21.33	22.05	18.74	23.40	31.48	36.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	14,178	61,358	60,864	59,921	54,206	51,515	53,614	54,131
Invested Capital Turnover	0.00	1.60	0.39	0.46	0.45	0.54	0.63	0.63	0.61
Increase / (Decrease) in Invested Capital	0.00	14,178	47,180	-494	-943	-5,715	-2,691	2,099	517
Enterprise Value (EV)	0.00	8,164	93,920	119,447	145,014	182,653	168,627	213,594	222,092
Market Capitalization	0.00	3.51	79,428	107,657	132,410	172,482	157,140	199,700	206,053
Book Value per Share	$0.00	$240,720.00	$93.63	$91.36	$90.15	$85.91	$80.97	$81.92	$80.00
Tangible Book Value per Share	$0.00	$80,000.00	$15.42	$11.02	$5.59	$6.23	$3.62	$1.18	$1.73
Total Capital	0.00	15,522	72,392	65,591	65,736	59,648	59,301	60,468	61,111
Total Debt	0.00	9,000	15,296	13,956	16,154	14,207	17,914	19,373	21,623
Total Long-Term Debt	0.00	7,783	12,288	10,693	12,152	11,335	12,198	13,397	15,343
Net Debt	0.00	7,656	8,992	9,229	10,339	8,765	10,128	12,519	14,643
Capital Expenditures (CapEx)	1,465	1,311	1,883	3,682	3,400	3,086	3,173	3,787	4,497
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	578	2,858	-1,245	-2,568	-3,435	-3,152	-1,785	-169
Debt-free Net Working Capital (DFNWC)	0.00	1,195	7,324	1,455	1,186	-612	2,284	2,879	4,681
Net Working Capital (NWC)	0.00	-22	4,316	-1,808	-2,816	-3,484	-3,432	-3,097	-1,599
Net Nonoperating Expense (NNE)	104	40	-7.04	-219	-135	-211	-301	-139	-119
Net Nonoperating Obligations (NNO)	0.00	7,656	4,262	9,229	10,339	8,765	10,128	12,519	14,643
Total Depreciation and Amortization (D&A)	1,122	1,184	2,198	4,687	4,626	4,635	4,204	3,816	3,780
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	5.09%	19.26%	-4.41%	-9.43%	-11.16%	-9.45%	-5.43%	-0.51%
Debt-free Net Working Capital to Revenue	0.00%	10.52%	49.37%	5.15%	4.35%	-1.99%	6.85%	8.76%	14.18%
Net Working Capital to Revenue	0.00%	-0.19%	29.09%	-6.41%	-10.34%	-11.31%	-10.29%	-9.43%	-4.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$13.26	$4.22	$4.75	$7.40	$8.30	$12.70	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	330.40M	541.09M	526.74M	516.90M	499.74M	488.19M	478.77M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$13.11	$4.19	$4.71	$7.33	$8.23	$12.59	$13.62
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	334.13M	545.17M	531.16M	521.88M	504.04M	492.29M	482.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	544.91M	532.96M	522.84M	507.74M	492.16M	481.58M	472.91M
Normalized Net Operating Profit after Tax (NOPAT)	1,713	1,376	4,657	2,580	2,870	3,956	4,743	6,233	6,729
Normalized NOPAT Margin	16.26%	12.12%	31.39%	9.14%	10.53%	12.85%	14.22%	18.97%	20.39%
Pre Tax Income Margin	19.44%	20.14%	34.03%	10.37%	12.42%	16.56%	16.61%	24.31%	25.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.78	15.21	26.00	78.03	30.43	67.22	88.98	40.94	34.47
NOPAT to Interest Expense	8.64	8.37	21.77	56.91	21.66	48.71	63.17	31.01	25.85
EBIT Less CapEx to Interest Expense	4.07	7.06	16.67	-18.87	0.86	27.14	38.62	22.01	16.91
NOPAT Less CapEx to Interest Expense	0.93	0.23	12.45	-39.99	-7.91	8.63	12.81	12.07	8.28
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.66%	68.88%	26.47%	79.42%	77.23%	55.26%	54.75%	39.14%	39.41%
Augmented Payout Ratio	70.48%	69.80%	40.07%	191.05%	170.79%	171.70%	175.47%	101.56%	105.94%

This table displays calculated financial ratios and metrics derived from Linde's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.72%	-4.81%	-0.22%	-2.99%	-7.30%	5.10%	-1.14%	0.77%	2.46%	-0.24%
EBITDA Growth	8.44%	7.14%	10.17%	73.13%	12.36%	11.66%	5.74%	5.80%	1.48%	7.06%
EBIT Growth	24.61%	25.90%	28.11%	215.82%	25.27%	18.45%	8.44%	8.61%	2.11%	12.05%
NOPAT Growth	25.55%	30.19%	33.85%	378.76%	27.11%	19.66%	8.23%	6.34%	1.19%	11.12%
Net Income Growth	28.71%	28.88%	28.26%	293.17%	23.15%	15.80%	7.28%	5.46%	0.12%	12.25%
EPS Growth	35.11%	33.17%	33.04%	331.08%	25.59%	18.87%	9.48%	7.84%	0.94%	14.60%
Operating Cash Flow Growth	3.13%	-35.20%	-4.60%	0.80%	-4.40%	30.17%	2.41%	-10.28%	8.37%	3.01%
Free Cash Flow Firm Growth	92.14%	-40.51%	-32.10%	-105.88%	-126.70%	-113.45%	-60.54%	259.64%	22.71%	326.73%
Invested Capital Growth	-12.54%	-4.96%	-2.18%	3.66%	7.57%	4.07%	1.00%	1.92%	6.13%	0.96%
Revenue Q/Q Growth	4.02%	-10.21%	3.72%	0.13%	-0.60%	1.80%	-2.43%	2.06%	1.08%	-0.89%
EBITDA Q/Q Growth	55.63%	-0.37%	8.33%	3.08%	0.99%	-0.98%	2.59%	3.14%	-3.13%	4.46%
EBIT Q/Q Growth	155.91%	4.74%	13.35%	3.94%	1.51%	-0.96%	3.77%	4.10%	-4.57%	8.68%
NOPAT Q/Q Growth	274.82%	6.08%	15.30%	4.43%	-0.49%	-0.14%	4.29%	2.60%	-5.30%	9.66%
Net Income Q/Q Growth	217.07%	4.69%	14.03%	3.87%	-0.68%	-1.56%	5.65%	2.10%	-5.71%	10.36%
EPS Q/Q Growth	243.24%	4.33%	15.47%	4.25%	0.00%	-1.25%	6.35%	2.69%	-6.40%	12.11%
Operating Cash Flow Q/Q Growth	23.58%	-20.52%	-8.93%	12.68%	17.21%	8.21%	-28.35%	-1.28%	41.58%	2.86%
Free Cash Flow Firm Q/Q Growth	30.70%	-52.84%	-31.54%	-113.95%	-492.93%	76.25%	300.92%	-43.59%	-387.09%	169.68%
Invested Capital Q/Q Growth	-5.44%	1.97%	7.06%	0.42%	-1.87%	-1.35%	3.89%	1.33%	2.19%	-6.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.92%	43.95%	45.92%	47.39%	47.10%	46.63%	47.95%	48.58%	47.87%	47.84%
EBITDA Margin	30.82%	34.19%	35.71%	36.76%	37.35%	36.33%	38.20%	38.60%	36.99%	38.99%
Operating Margin	18.34%	21.36%	23.59%	24.51%	25.16%	24.43%	25.86%	26.42%	24.96%	27.41%
EBIT Margin	18.94%	22.09%	24.14%	25.06%	25.59%	24.90%	26.48%	27.01%	25.50%	27.96%
Profit (Net Income) Margin	14.78%	17.23%	18.94%	19.65%	19.63%	18.98%	20.56%	20.56%	19.18%	21.36%
Tax Burden Percent	78.88%	79.40%	79.96%	80.44%	78.21%	78.96%	80.05%	78.59%	77.70%	78.17%
Interest Burden Percent	98.92%	98.22%	98.13%	97.47%	98.08%	96.57%	96.97%	96.87%	96.81%	97.71%
Effective Tax Rate	23.73%	22.64%	22.15%	21.86%	23.79%	23.00%	22.26%	23.49%	24.14%	23.55%
Return on Invested Capital (ROIC)	8.72%	10.43%	10.98%	11.65%	11.87%	11.76%	11.88%	11.87%	11.17%	12.84%
ROIC Less NNEP Spread (ROIC-NNEP)	9.31%	11.02%	11.35%	11.96%	12.16%	11.88%	12.13%	12.05%	11.30%	13.08%
Return on Net Nonoperating Assets (RNNOA)	2.60%	2.40%	3.42%	3.85%	3.94%	3.26%	4.36%	4.63%	4.36%	4.41%
Return on Equity (ROE)	11.32%	12.83%	14.40%	15.51%	15.81%	15.02%	16.24%	16.50%	15.52%	17.25%
Cash Return on Invested Capital (CROIC)	20.17%	12.62%	10.02%	6.72%	4.04%	7.81%	10.42%	9.59%	5.56%	11.32%
Operating Return on Assets (OROA)	8.07%	9.14%	9.87%	10.59%	10.92%	10.19%	10.80%	11.16%	10.50%	11.47%
Return on Assets (ROA)	6.30%	7.13%	7.75%	8.30%	8.37%	7.77%	8.38%	8.49%	7.90%	8.76%
Return on Common Equity (ROCE)	10.95%	12.42%	13.93%	15.00%	15.28%	14.52%	15.69%	15.94%	14.99%	16.65%
Return on Equity Simple (ROE_SIMPLE)	10.57%	0.00%	11.57%	14.60%	15.75%	0.00%	16.62%	17.14%	16.71%	0.00%
Net Operating Profit after Tax (NOPAT)	1,230	1,305	1,505	1,571	1,564	1,562	1,629	1,671	1,582	1,735
NOPAT Margin	13.99%	16.52%	18.37%	19.15%	19.18%	18.81%	20.11%	20.21%	18.94%	20.95%
Net Nonoperating Expense Percent (NNEP)	-0.59%	-0.59%	-0.37%	-0.31%	-0.29%	-0.13%	-0.25%	-0.19%	-0.13%	-0.25%
Return On Investment Capital (ROIC_SIMPLE)	-	2.20%	-	-	-	2.58%	-	-	-	2.84%
Cost of Revenue to Revenue	60.08%	56.05%	54.08%	52.61%	52.90%	53.37%	52.05%	51.42%	52.13%	52.16%
SG&A Expenses to Revenue	8.75%	9.67%	10.03%	10.15%	9.91%	10.02%	10.62%	10.16%	9.85%	9.83%
R&D to Revenue	0.40%	0.46%	0.44%	0.43%	0.44%	0.47%	0.47%	0.44%	0.44%	0.47%
Operating Expenses to Revenue	21.59%	22.60%	22.32%	22.88%	21.94%	22.20%	22.09%	22.16%	22.91%	20.43%
Earnings before Interest and Taxes (EBIT)	1,666	1,745	1,978	2,056	2,087	2,067	2,145	2,233	2,131	2,316
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,711	2,701	2,926	3,016	3,046	3,016	3,094	3,191	3,091	3,229
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.48	3.93	4.32	4.64	4.65	5.03	5.89	5.66	5.99	5.41
Price to Tangible Book Value (P/TBV)	104.55	87.74	188.93	195.99	212.73	350.35	423.97	0.00	0.00	249.76
Price to Revenue (P/Rev)	3.88	4.71	5.18	5.60	5.58	6.08	6.98	6.58	7.11	6.24
Price to Earnings (P/E)	34.07	37.89	38.47	32.54	30.25	32.21	36.22	33.76	36.77	31.39
Dividend Yield	1.72%	1.47%	1.36%	1.30%	1.36%	1.26%	1.12%	1.21%	1.14%	1.33%
Earnings Yield	2.94%	2.64%	2.60%	3.07%	3.31%	3.10%	2.76%	2.96%	2.72%	3.19%
Enterprise Value to Invested Capital (EV/IC)	2.85	3.27	3.41	3.62	3.62	3.98	4.41	4.15	4.39	4.10
Enterprise Value to Revenue (EV/Rev)	4.26	5.05	5.63	6.06	6.05	6.50	7.49	7.14	7.67	6.73
Enterprise Value to EBITDA (EV/EBITDA)	14.94	17.19	18.64	17.68	16.81	17.79	20.16	18.97	20.43	17.62
Enterprise Value to EBIT (EV/EBIT)	27.42	30.08	31.10	26.96	24.98	26.09	29.37	27.45	29.52	25.17
Enterprise Value to NOPAT (EV/NOPAT)	39.12	42.37	43.10	35.77	33.05	34.44	38.79	36.46	39.29	33.56
Enterprise Value to Operating Cash Flow (EV/OCF)	14.39	19.02	21.42	22.83	22.66	22.95	26.24	25.65	27.11	23.57
Enterprise Value to Free Cash Flow (EV/FCFF)	13.18	25.28	33.61	54.86	92.72	52.06	42.48	43.67	81.34	36.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.43	0.45	0.42	0.45	0.47	0.51	0.54	0.55	0.55
Long-Term Debt to Equity	0.27	0.29	0.28	0.33	0.33	0.33	0.38	0.43	0.43	0.39
Financial Leverage	0.28	0.22	0.30	0.32	0.32	0.27	0.36	0.38	0.39	0.34
Leverage Ratio	1.87	1.86	1.90	1.90	1.92	1.95	1.97	1.97	1.98	2.00
Compound Leverage Factor	1.85	1.82	1.87	1.86	1.88	1.88	1.91	1.91	1.92	1.95
Debt to Total Capital	28.26%	30.21%	31.24%	29.78%	30.91%	32.04%	33.56%	35.24%	35.41%	35.38%
Short-Term Debt to Total Capital	8.71%	9.64%	11.70%	6.75%	8.19%	9.88%	8.41%	7.51%	7.61%	10.28%
Long-Term Debt to Total Capital	19.54%	20.57%	19.54%	23.03%	22.72%	22.16%	25.15%	27.72%	27.80%	25.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.42%	2.29%	2.27%	2.28%	2.30%	2.27%	2.31%	2.25%	2.27%	2.28%
Common Equity to Total Capital	69.33%	67.50%	66.49%	67.95%	66.79%	65.69%	64.13%	62.52%	62.31%	62.33%
Debt to EBITDA	1.59	1.83	1.86	1.54	1.54	1.61	1.67	1.74	1.80	1.72
Net Debt to EBITDA	1.20	1.03	1.37	1.24	1.21	1.04	1.27	1.37	1.38	1.16
Long-Term Debt to EBITDA	1.10	1.24	1.17	1.19	1.13	1.12	1.25	1.37	1.41	1.22
Debt to NOPAT	4.17	4.50	4.31	3.12	3.03	3.12	3.21	3.35	3.45	3.27
Net Debt to NOPAT	3.15	2.54	3.17	2.52	2.37	2.02	2.45	2.63	2.65	2.21
Long-Term Debt to NOPAT	2.88	3.06	2.69	2.41	2.23	2.16	2.41	2.64	2.71	2.32
Altman Z-Score	3.06	3.26	3.19	3.55	3.50	3.62	4.06	3.86	4.03	3.74
Noncontrolling Interest Sharing Ratio	3.22%	3.18%	3.26%	3.28%	3.35%	3.31%	3.39%	3.35%	3.43%	3.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.74	0.79	0.73	0.78	0.83	0.80	0.91	0.95	0.96	0.89
Quick Ratio	0.55	0.61	0.55	0.56	0.61	0.60	0.69	0.71	0.72	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8,473	3,996	2,736	-382	-2,262	-537	1,080	609	-1,749	1,218
Operating Cash Flow to CapEx	345.93%	223.82%	230.16%	250.29%	265.82%	236.92%	186.45%	170.26%	256.19%	224.72%
Free Cash Flow to Firm to Interest Expense	470.74	128.91	73.94	-7.34	-56.55	-7.57	16.61	8.70	-25.71	22.99
Operating Cash Flow to Interest Expense	146.44	67.58	51.57	41.35	63.00	38.41	30.06	27.56	40.16	53.00
Operating Cash Flow Less CapEx to Interest Expense	104.11	37.39	29.16	24.83	39.30	22.20	13.94	11.37	24.49	29.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.41	0.42	0.43	0.41	0.41	0.41	0.41	0.41
Accounts Receivable Turnover	7.53	7.37	6.95	6.89	6.99	7.08	6.71	6.70	6.91	7.07
Inventory Turnover	11.24	10.48	9.99	9.55	8.89	8.55	8.32	8.25	8.29	8.44
Fixed Asset Turnover	1.38	1.35	0.00	0.00	1.40	1.37	1.36	1.36	1.35	1.34
Accounts Payable Turnover	6.50	5.99	6.03	5.83	6.01	5.82	5.93	5.90	6.17	6.20
Days Sales Outstanding (DSO)	48.46	49.55	52.53	52.95	52.25	51.53	54.38	54.49	52.85	51.65
Days Inventory Outstanding (DIO)	32.47	34.82	36.53	38.21	41.04	42.70	43.88	44.25	44.05	43.23
Days Payable Outstanding (DPO)	56.13	60.97	60.52	62.65	60.70	62.76	61.54	61.88	59.18	58.84
Cash Conversion Cycle (CCC)	24.80	23.40	28.54	28.51	32.59	31.48	36.72	36.85	37.72	36.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	50,521	51,515	55,151	55,381	54,347	53,614	55,700	56,443	57,678	54,131
Invested Capital Turnover	0.62	0.63	0.60	0.61	0.62	0.63	0.59	0.59	0.59	0.61
Increase / (Decrease) in Invested Capital	-7,243	-2,691	-1,231	1,953	3,826	2,099	549	1,062	3,331	517
Enterprise Value (EV)	143,897	168,627	187,864	200,685	196,486	213,594	245,391	234,229	253,197	222,092
Market Capitalization	131,004	157,140	172,683	185,215	181,037	199,700	228,520	215,965	234,692	206,053
Book Value per Share	$75.50	$80.97	$81.21	$81.41	$79.72	$81.92	$80.57	$79.43	$82.04	$80.00
Tangible Book Value per Share	$2.51	$3.62	$1.86	$1.93	$1.74	$1.18	$1.12	($0.08)	($0.10)	$1.73
Total Capital	54,277	59,301	60,113	58,738	58,241	60,468	60,548	61,069	62,865	61,111
Total Debt	15,338	17,914	18,777	17,490	18,003	19,373	20,319	21,518	22,262	21,623
Total Long-Term Debt	10,608	12,198	11,744	13,528	13,232	13,397	15,227	16,931	17,475	15,343
Net Debt	11,582	10,128	13,815	14,133	14,109	12,519	15,471	16,892	17,075	14,643
Capital Expenditures (CapEx)	762	936	829	859	948	1,151	1,048	1,133	1,066	1,250
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,884	-3,152	-2,810	-2,536	-1,548	-1,785	-1,043	-700	-989	-169
Debt-free Net Working Capital (DFNWC)	872	2,284	2,152	821	2,346	2,879	3,805	3,926	4,198	4,681
Net Working Capital (NWC)	-3,858	-3,432	-4,881	-3,141	-2,425	-3,097	-1,287	-661	-589	-1,599
Net Nonoperating Expense (NNE)	-70	-56	-47	-41	-37	-14	-36	-29	-21	-34
Net Nonoperating Obligations (NNO)	11,582	10,128	13,815	14,133	14,109	12,519	15,471	16,892	17,075	14,643
Total Depreciation and Amortization (D&A)	1,045	956	948	960	959	949	949	958	960	913
Debt-free, Cash-free Net Working Capital to Revenue	-8.54%	-9.45%	-8.43%	-7.66%	-4.77%	-5.43%	-3.18%	-2.13%	-2.99%	-0.51%
Debt-free Net Working Capital to Revenue	2.58%	6.85%	6.45%	2.48%	7.23%	8.76%	11.61%	11.96%	12.71%	14.18%
Net Working Capital to Revenue	-11.43%	-10.29%	-14.64%	-9.49%	-7.47%	-9.43%	-3.93%	-2.01%	-1.78%	-4.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.56	$0.00	$3.08	$3.22	$3.21	$0.00	$3.38	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	497.19M	499.74M	491.82M	489.62M	487.12M	488.19M	481.95M	479.97M	477.66M	478.77M
Adjusted Diluted Earnings per Share	$2.54	$2.65	$3.06	$3.19	$3.19	$3.15	$3.35	$3.44	$3.22	$3.61
Adjusted Weighted Average Diluted Shares Outstanding	501.15M	504.04M	495.68M	493.55M	491.08M	492.29M	485.59M	483.18M	480.90M	482.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	494.38M	492.16M	490.25M	487.95M	484.89M	481.58M	480.68M	477.50M	476.16M	472.91M
Normalized Net Operating Profit after Tax (NOPAT)	1,242	1,324	1,519	1,589	1,565	1,560	1,629	1,671	1,692	1,735
Normalized NOPAT Margin	14.12%	16.77%	18.54%	19.36%	19.19%	18.79%	20.11%	20.21%	20.25%	20.95%
Pre Tax Income Margin	18.73%	21.70%	23.69%	24.43%	25.10%	24.04%	25.68%	26.16%	24.69%	27.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	92.56	56.29	53.46	39.54	52.18	29.11	33.00	31.90	31.34	43.70
NOPAT to Interest Expense	68.35	42.10	40.67	30.22	39.10	21.99	25.06	23.87	23.27	32.74
EBIT Less CapEx to Interest Expense	50.22	26.10	31.05	23.02	28.48	12.90	16.88	15.71	15.66	20.11
NOPAT Less CapEx to Interest Expense	26.02	11.91	18.26	13.70	15.40	5.78	8.93	7.69	7.59	9.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.82%	54.75%	51.37%	41.42%	40.03%	39.14%	39.17%	39.28%	39.91%	39.41%
Augmented Payout Ratio	204.68%	175.47%	144.56%	103.33%	99.04%	101.56%	103.32%	110.70%	103.81%	105.94%

Frequently Asked Questions About Linde's Financials

When does Linde's financial year end?

According to the most recent income statement we have on file, Linde's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Linde's net income changed over the last 8 years?

Linde's net income appears to be on an upward trend, with a most recent value of $6.74 billion in 2024, rising from $1.54 billion in 2016. The previous period was $6.34 billion in 2023.

What is Linde's operating income?

Linde's total operating income in 2024 was $8.64 billion, based on the following breakdown:

Total Gross Profit: $15.86 billion
Total Operating Expenses: $7.23 billion

How has Linde revenue changed over the last 8 years?

Over the last 8 years, Linde's total revenue changed from $10.53 billion in 2016 to $33.01 billion in 2024, a change of 213.3%.

How much debt does Linde have?

Linde's total liabilities were at $40.66 billion at the end of 2024, a 2.4% increase from 2023, and a 192.2% increase since 2017.

How much cash does Linde have?

In the past 7 years, Linde's cash and equivalents has ranged from $617 million in 2017 to $5.44 billion in 2022, and is currently $4.85 billion as of their latest financial filing in 2024.

How has Linde's book value per share changed over the last 8 years?

Over the last 8 years, Linde's book value per share changed from 0.00 in 2016 to 80.00 in 2024, a change of 7,999.9%.

Remove Ads

Related Companies

This page (NASDAQ:LIN) was last updated on 4/17/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Linde (LIN) Financials

Frequently Asked Questions About Linde's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Linde (LIN) Financials

Annual Income Statements for Linde

Quarterly Income Statements for Linde

Annual Cash Flow Statements for Linde

Quarterly Cash Flow Statements for Linde

Annual Balance Sheets for Linde

Quarterly Balance Sheets for Linde

Annual Metrics and Ratios for Linde

Quarterly Metrics and Ratios for Linde

Frequently Asked Questions About Linde's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools