Linde
At a glance
Linde reported 2025 revenue of $33.99B, up 3% from $33.01B in 2024. Over 4 years since 2021 ($30.79B), that is growth of about 2.5% a year. Operating margin was 26.3%, up from 16.2% in 2021. 2025 was the highest revenue year in this period.
In the last 12 months 6 insiders reported 2 open-market purchases ($1M) and 5 sales ($12.9M). 1 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $4.5M by Exec VP & Chief Legal Officer Guillermo Bichara on Feb 18, 2026. Net, insiders were sellers of $11.8M.
Linde filed 9 current reports (Form 8-K) in the last 12 months, most often for results of operations (5), other events (2), shareholder vote results (1) and material agreement (1). It reported a material agreement or a completed acquisition or disposal 1 time.
5 of the 20 investors tracked here held Linde at the last quarter end, worth $1.57B combined. It is the largest weight for Lone Pine Capital (4.9% of its portfolio), followed by Soros Fund Management (2.3%). New this quarter: Lone Pine Capital. Added: Soros Fund Management. Reduced: Renaissance Technologies.
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | $3.83B | $4.15B | $6.2B | $6.57B | $6.9B |
| Diluted EPS | $7.33 | $8.23 | $12.59 | $13.62 | $14.61 |
| Dividend per share | $4.24 | $4.68 | $5.10 | $5.56 | $6.00 |
Fiscal year ends Dec 31 · incorporated in L2
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined