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Linde

LIN · Nasdaq · Industrial Inorganic Chemicals
Insider buys (12 months)
$1M
Insider sales (12 months)
$12.9M
8-K reports (12 months)
9
Tracked investors holding
5

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

2021
Revenue $30.79B
Op. $4.98B
2022
Revenue $33.36B
Op. $5.37B
2023
Revenue $32.85B
Op. $8.02B
2024
Revenue $33.01B
Op. $8.63B
2025
Revenue $33.99B
Op. $8.92B
RevenueOperating income (or net income)SEC XBRL annual filings, fiscal years mapped to calendar years
Year20212022202320242025
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)

Lone Pine CapitalNew$808.6M · 4.9%
National Pension Service (Korea)Unchanged$623.7M · 0.4% · held 7 quarters
Soros Fund ManagementAdded$138.7M · 2.3% · held 2 quarters
Renaissance TechnologiesReduced$2.6M · 0.0% · held 4 quarters
Duquesne Family OfficeUnchanged$21K · 0.5% · held 2 quarters

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