Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $34 billion in revenue in 2025.
The chart shows the growth of an initial investment of $10,000 in Linde plc Ordinary Share, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Linde plc Ordinary Share (LIN) has returned 17.90% so far this year and 17.13% over the past 12 months. Looking at the last ten years, LIN has achieved an annualized return of 12.01%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Linde plc Ordinary Share (LIN) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.20% | 10.61% | -2.41% | 1.98% | ||||||||
| 2025 | 6.03% | 4.95% | -0.74% | -1.90% | 6.89% | 0.86% | -2.03% | 4.35% | -0.45% | -11.52% | -2.83% | 3.99% |
| 2024 | -1.21% | 9.93% | 3.64% | -5.36% | -1.64% | 1.08% | 3.27% | 4.86% | 0.62% | -4.36% | 0.98% | -9.18% |
| 2023 | 4.18% | 5.33% | 1.53% | 4.53% | -4.62% | 7.26% | 2.27% | -0.72% | -4.32% | 3.02% | 8.24% | -0.42% |
| 2022 | -8.01% | -8.49% | 9.39% | -2.78% | 3.22% | -11.13% | 6.52% | -5.85% | -2.97% | 9.11% | 10.68% | -3.29% |
| 2021 | -7.99% | -1.60% | 13.22% | 2.40% | 4.61% | -5.27% | 6.11% | 1.90% | -6.41% | 8.01% | -1.02% | 7.69% |
| 2020 | -4.89% | -6.26% | -9.57% | 11.09% | 9.82% | 4.75% | 15.86% | 0.86% | -4.74% | -6.91% | 13.90% | 1.04% |
| 2019 | 6.17% | 5.69% | -0.24% | 1.93% | 0.37% | 10.65% | -5.78% | -0.37% | 3.44% | 2.28% | 3.69% | 4.95% |
| 2018 | 2.31% | -3.41% | -3.86% |
The charts below present risk-adjusted performance metrics for Linde plc Ordinary Share (LIN) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of LIN compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Linde plc Ordinary Share volatility is 1.23%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 86.82B | 80.15B | 80.81B | 79.66B | 81.61B | 88.23B | 86.61B | 93.39B | 1.22B |
| Temporary Equity (USD) | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M | 113.00M | 16.00M | 12.85M |
| Equity Attributable To Parent (USD) | 38.25B | 38.09B | 39.72B | 40.03B | 44.04B | 47.32B | 49.07B | 51.60B | 89.13M |
| Equity Attributable To Noncontrolling Interest (USD) | 1.48B | 1.38B | 1.36B | 1.35B | 1.39B | 2.25B | 2.45B | 5.48B | - |
| Equity (USD) | 39.73B | 39.48B | 41.08B | 41.37B | 45.43B | 49.57B | 51.52B | 57.08B | 89.13M |
| Redeemable Noncontrolling Interest (USD) | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M | 113.00M | 16.00M | 12.85M |
| Other Non-current Liabilities (USD) | 9.40B | 8.72B | 9.34B | 8.00B | 9.48B | 12.00B | 10.59B | 9.52B | 93.28M |
| Long-term Debt (USD) | 22.48B | 17.40B | 14.66B | 13.80B | 13.04B | 12.90B | 12.22B | 13.81B | 930.09M |
| Noncurrent Liabilities (USD) | 31.88B | 26.12B | 24.00B | 21.79B | 22.52B | 24.91B | 22.82B | 23.33B | 1.02B |
| Other Current Liabilities (USD) | 12.39B | 12.04B | 12.70B | 13.48B | 10.14B | 10.65B | 8.89B | 9.74B | 65.69M |
| Wages (USD) | - | - | - | - | - | - | - | - | 11.82M |
| Accounts Payable (USD) | 2.81B | 2.51B | 3.02B | 3.00B | 3.50B | 3.10B | 3.27B | 3.22B | 14.00M |
| Current Liabilities (USD) | 15.20B | 14.54B | 15.72B | 16.48B | 13.64B | 13.74B | 12.16B | 12.96B | 91.51M |
| Liabilities (USD) | 47.08B | 40.66B | 39.72B | 38.27B | 36.16B | 38.65B | 34.98B | 36.29B | 1.11B |
| Other Non-current Assets (USD) | 33.30B | 31.04B | 31.18B | 30.58B | 31.58B | 32.31B | 30.97B | 30.03B | 232.28M |
| Non-current Prepaid Expenses (USD) | 63.00M | 58.00M | 60.00M | 66.00M | 62.00M | 96.00M | 90.00M | 148.00M | - |
| Intangible Assets (USD) | 11.87B | 11.33B | 12.40B | 12.42B | 13.80B | 16.18B | 16.14B | 16.22B | 583.56M |
| Fixed Assets (USD) | 28.26B | 24.78B | 24.55B | 23.55B | 26.00B | 28.71B | 29.06B | 29.72B | 221.08M |
| Noncurrent Assets (USD) | 73.49B | 67.20B | 68.19B | 66.61B | 71.45B | 77.31B | 76.26B | 76.11B | 1.04B |
| Other Current Assets (USD) | 10.72B | 10.42B | 9.92B | 10.47B | 7.90B | 8.68B | 8.14B | 15.25B | - |
| Prepaid Expenses (USD) | 546.00M | 579.00M | 583.00M | 597.00M | 527.00M | 516.00M | 516.00M | 367.00M | - |
| Inventory (USD) | 2.06B | 1.95B | 2.12B | 1.98B | 1.73B | 1.73B | 1.70B | 1.65B | - |
| Current Assets (USD) | 13.33B | 12.95B | 12.62B | 13.05B | 10.16B | 10.92B | 10.35B | 17.27B | 179.93M |
| Assets (USD) | 86.82B | 80.15B | 80.81B | 79.66B | 81.61B | 88.23B | 86.61B | 93.39B | 1.22B |
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The U.S. liquid nitrogen market is expected to grow at a CAGR of 5.01% through 2035, driven by increasing demand in food processing, pharmaceuticals, healthcare, semiconductors, and cryogenic applications. The global market is valued at $89.70 billion in 2025 and projected to reach $151.48 billion by 2035 at a 5.46% CAGR, with Asia-Pacific leading at 39% market share. Cryogenic distillation technology dominates with 67% share, while coolant applications account for 61% of the market.
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The global aircraft fuel cells market is projected to grow at a CAGR of 21.78% from $2.82 billion in 2025 to $24.63 billion by 2035, driven by sustainability demands and hydrogen segment efficiency. Hydrogen fuel cells lead the market, while proton exchange membrane fuel cells (PEMFC) technology dominates. Asia is expected to experience the highest growth rates due to industrial development and government hydrogen infrastructure support.
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CSX Corp. announced Steve Angel as its new President and CEO, replacing Joe Hinrichs. Angel, with over 45 years of executive experience from Linde and General Electric, aims to drive safety, customer service, and shareholder value.
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