Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.

Linde plc (LIN)

Basic Materials Balanced

Linde is a global giant that supplies the essential gases—like oxygen, nitrogen, and hydrogen—that keep industries from healthcare to manufacturing running.

$478.38

Is Linde plc a good stock for a UK beginner?

The honest version: Linde is a global giant that supplies the essential gases—like oxygen, nitrogen, and hydrogen—that keep industries from healthcare to manufacturing running.

No rating · no target price · nothing for sale here
Price+5.5%
Priced in USD - as a UK investor your £ return also moves with the pound-to-dollar exchange rate, on top of the share price itself.
52-week range+8% past year
$478.38
Low $387.78High $548.20
Where today's price sits versus its past year - context, not a signal.
If you had put $1,000 into Linde plc
$1,055+6%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$221.18B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
2.29M
Day range: The lowest and highest price the shares traded at during the latest day.
$466.88 – $483.95
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$387.78 – $548.20
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
30.9
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
1.3%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.72
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.72
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -1% past week · ▲ +8% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Linde becomes the dominant player in the global hydrogen economy.

The bear case

Technological shifts make their current gas delivery model less relevant.

What does Linde plc do?

Think of Linde as the invisible backbone of modern industry; they capture, purify, and deliver gases that are vital for everything from welding steel to keeping hospital patients breathing. They make money through long-term contracts, often building their plants right next to their customers' factories to ensure a steady, reliable supply. Their push into 'green hydrogen' is worth following, as it could become a major growth engine while the world shifts toward cleaner energy sources.

VQGMI
Factor profile

On our factor screen it looks strongest on quality and income, and weakest on value.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 31Quality: How profitable and financially healthy the company is (higher = stronger). 61Growth: How fast revenue and earnings are growing (higher = faster). 45Momentum: How the share price has been trending recently (higher = stronger recent run). 41Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 52
Quick checks
What's strong
  • Dominant market position with high barriers to entry
  • Very stable, long-term contract-based business model
  • Strong profit margins compared to many industrial peers
What to watch
  • Value screens low (31/100)
  • Global economic downturns reducing industrial gas demand
  • Rising energy costs impacting production margins
  • Regulatory changes affecting hydrogen project subsidies

What do Linde plc's numbers mean?

P/E
35.1
This shows how much investors are currently willing to pay for every pound of the company's annual profit.
Net margin
20.4%
This reveals that for every pound of sales, the company keeps about 20 pence as actual profit after all costs are paid.
Beta
0.7
A number below 1 suggests the share price tends to be less jumpy and volatile than the wider stock market.
Dividend yield
1.2%
This is the annual cash payout to shareholders as a percentage of the current share price.

How much money does Linde plc make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$2.20B$4.39B$6.59B$8.78BQ1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
48.8%
Net margin
20.4%
Return on equity
18.2%

Does Linde plc pay a dividend?

Yes - Linde plc currently pays a dividend of about 1.3% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

When does Linde plc report earnings, and how did recent quarters go?

Linde plc is next scheduled to report on about 2026-10-30 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-07-31$4.12$4.15In line
2026-05-01$4.27$4.33Beat +1%
2026-02-05$4.18$4.20In line
2025-10-31$4.18$4.21In line
2025-08-01$4.04$4.09Beat +1%
2025-05-01$3.92$3.95In line

Across the last 6 quarters here, Linde plc came in ahead of what analysts expected 2 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Basic Materials

CF IndustriesNewmontEndeavour MiningFresnilloNucorSteel Dynamics, Inc.Freeport-McMoRan Inc.Corteva, Inc.

What are the scenarios for Linde plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

$552$478$381today · $478▲ Bull · $514• Base · $478▼ Bear · $443in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +10%Stronger industrial demand boosts gas volumes.
Base
-2% to +2%Steady, predictable contract renewals.
Bear
-5% to -10%A slowdown in global manufacturing activity.

What are the pros and cons of Linde plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Dominant market position with high barriers to entry
  • Very stable, long-term contract-based business model
  • Strong profit margins compared to many industrial peers
The catch3
  • High valuation multiples compared to the broader market
  • Heavy reliance on large-scale industrial customers
  • Significant capital expenditure required for new projects
Key risks3
  • Global economic downturns reducing industrial gas demand
  • Rising energy costs impacting production margins
  • Regulatory changes affecting hydrogen project subsidies
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: USD · flags: none · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.