The Tip Desk

LINDE PLC

Company Stats

Market Cap
$218.8B
as of Sep 30, 2026
Enterprise Value
$240.7B
Shares Outstanding
461.0M
Free Float
99.9%

Income Statement

Revenue
$34.0B
Operating Income
$8.9B
Net Income
$6.9B
EBITDA
$12.2B
Revenue Growth, 3Y
0.6%
FCF Margin, 3Y Avg
15.6%
FCF Margin, Worst Year
14.9%

Cash Flow

Free Cash Flow
$5.1B
FCF Yield
2.3%
Owner FCF Yield
2.3%

Balance Sheet

Cash & Equivalents
$5.1B
Total Debt
$27.0B
Net Debt
$21.9B
Net Debt / EBITDA
1.80x
EV / EBITDA
19.78x
Net Debt / EBIT
2.46x

Returns & Capital

Dividends Paid
$2.8B
Dividend Yield
1.3%
Dividend Payout, 3Y Avg
40.4%
Share Repurchases
$4.6B
Buyback Yield, 3Y Avg
2.0%
SBC, 3Y Avg
$155.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$34.0B$5.1B15.0%
FY2024$33.0B$4.9B14.9%
FY2023$32.9B$5.5B16.8%
FY2022$33.4B$5.7B17.1%
FY2021$30.8B$6.6B21.6%

Annual filing data through FY ended December 31, 2025; shares and float as of November 3, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage