Linde plc income statement & cash flow
In the fiscal year ended Dec 31, 2025, Linde plc reported net income of $6.90B on revenue of $33.99B. Operating cash flow was $10.35B and capital expenditures were $5.26B, leaving $5.09B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.53B | $11.36B | $14.84B | $28.23B | $27.24B | $30.79B | $33.36B | $32.85B | $33.01B | $33.99B |
| Operating income | $2.25B | $2.44B | $5.25B | $2.93B | $3.32B | $4.98B | $5.37B | $8.02B | $8.63B | $8.92B |
| Net income | $1.50B | $1.25B | $4.38B | $2.29B | $2.50B | $3.83B | $4.15B | $6.20B | $6.57B | $6.90B |
| Diluted EPS | $5.21 | $4.32 | $13.11 | $4.19 | $4.71 | $7.33 | $8.23 | $12.59 | $13.62 | $14.61 |
| Operating cash flow | $2.79B | $3.04B | $3.65B | $6.12B | $7.43B | $9.72B | $8.86B | $9.30B | $9.42B | $10.35B |
| Capital expenditures | $1.47B | $1.31B | $1.88B | $3.68B | $3.40B | $3.09B | $3.17B | $3.79B | $4.50B | $5.26B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 26.3% | 20.3% |
| Dec 2024 | — | 26.2% | 19.9% |
| Dec 2023 | — | 24.4% | 18.9% |
| Dec 2022 | — | 16.1% | 12.4% |
| Dec 2021 | — | 16.2% | 12.4% |
Source: SEC EDGAR XBRL company facts for CIK 1707925 (raw data). Most recent filing in this dataset: 10-Q filed Oct 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.