LINDE PLC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 26,989 | 41.4 |
| Stockholders' equity | 38,245 | 58.6 |
| Total capitalization | 65,234 | 100.0 |
460,980,163 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 31 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 22,479 |
| Long-term debt, noncurrent | 20,683 |
| Current maturities | 1,796 |
| Short-term borrowings / commercial paper | 4,510 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,750,000,000 |
| Common shares issued | 490,766,972 |
| Treasury shares | 27,086,030 |
| Outstanding at 6/30/26 | 460,980,163 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 6.00 | 41.1 |
| 2024 | 5.56 | 40.8 |
| 2023 | 5.10 | 40.5 |
| 2022 | 4.68 | 56.9 |
| 2021 | 4.24 | 57.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Ireland. Formerly known as ZAMALIGHT PLC (to 12 July 2017).
BUSINESS: Classified by the SEC under Standard Industrial Classification 2810, Industrial Inorganic Chemicals. Large accelerated filer. Principal executive office: Forge, 43 Church Street West, Woking Surrey, X0 GU216HT. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 33,986 | 33,005 | 32,854 |
| Research and development | 147 | 150 | 146 |
| Selling, general and administrative | 3,433 | 3,337 | 3,295 |
| Depreciation and amortization | 3,763 | 3,780 | 3,816 |
| Operating income | 8,923 | 8,635 | 8,024 |
| Interest expense | 255 | 256 | 200 |
| Income before income taxes | 8,897 | 8,569 | 7,988 |
| Income taxes | 1,989 | 2,002 | 1,814 |
| Net income | 6,898 | 6,565 | 6,199 |
| Earned per share, diluted ($) | 14.61 | 13.62 | 12.59 |
| Dividends per share ($) | 6.00 | 5.56 | 5.10 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 5,056 | 4,850 |
| Receivables, net | 4,966 | 4,622 |
| Inventories | 2,055 | 1,946 |
| Total current assets | 13,325 | 12,945 |
| Property, plant and equipment, net | 28,260 | 24,775 |
| Goodwill | 27,927 | 25,937 |
| Total assets | 86,817 | 80,147 |
| Total current liabilities | 15,198 | 14,544 |
| Long-term debt | 20,683 | 15,343 |
| Total liabilities | 47,076 | 40,659 |
| Stockholders' equity | 38,245 | 38,092 |
| Total liabilities and equity | 86,817 | 80,147 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 33,986 | 8,923 | 6,898 | 20.3 | 14.61 | 6.00 | 10,350 | 5,261 | 5,089 | 86,817 | 47,076 | 26,989 | 38,245 | 18.0 | 0.71 |
| 12/31/24 | 33,005 | 8,635 | 6,565 | 19.9 | 13.62 | 5.56 | 9,423 | 4,497 | 4,926 | 80,147 | 40,659 | 21,623 | 38,092 | 17.2 | 0.57 |
| 12/31/23 | 32,854 | 8,024 | 6,199 | 18.9 | 12.59 | 5.10 | 9,305 | 3,787 | 5,518 | 80,811 | 39,716 | 19,373 | 39,720 | 15.6 | 0.49 |
| 12/31/22 | 33,364 | 5,369 | 4,147 | 12.4 | 8.23 | 4.68 | 8,864 | 3,173 | 5,691 | 79,658 | 38,271 | 17,914 | 40,028 | 10.4 | 0.45 |
| 12/31/21 | 30,793 | 4,984 | 3,826 | 12.4 | 7.33 | 4.24 | 9,725 | 3,086 | 6,639 | 81,605 | 36,164 | 14,207 | 44,035 | 8.7 | 0.32 |
| 12/31/20 | 27,243 | 3,322 | 2,501 | 9.2 | 4.71 | 3.85 | 7,429 | 3,400 | 4,029 | 88,229 | 38,647 | 16,154 | 47,317 | 5.3 | 0.34 |
| 12/31/19 | 28,228 | 2,933 | 2,285 | 8.1 | 4.19 | 3.50 | 6,119 | 3,682 | 2,437 | 86,612 | 34,977 | 13,956 | 49,074 | 4.7 | 0.28 |
| 12/31/18 | 14,836 | 5,247 | 4,381 | 29.5 | 13.11 | 3.30 | 3,654 | 1,883 | 1,771 | 93,386 | 36,290 | 15,296 | 51,596 | 8.5 | 0.30 |
| 12/31/17 | 11,358 | 2,444 | 1,247 | 11.0 | 4.32 | 3.15 | 3,041 | 1,311 | 1,730 | 20,436 | 13,914 | 9,000 | 6,018 | 20.7 | 1.50 |
| 12/31/16 | 10,534 | 2,247 | 1,500 | 14.2 | 5.21 | 3.00 | 2,789 | 1,465 | 1,324 | – | – | – | 5,441 | 27.6 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
LINDE PLC
CIK 1707925 · EIN 00-0000000
PRINCIPAL OFFICE:
Forge, 43 Church Street West, Woking Surrey, X0 GU216HT
Tel.: 00441483242200
INCORPORATED:
Ireland
INDUSTRY (SEC SIC CODE):
2810 · Industrial Inorganic Chemicals
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 25 February 2026
FORMER NAMES:
ZAMALIGHT PLC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/25/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2023 (filed 2/28/24) · 10-K FY2022 (filed 2/28/23) · 10-K FY2021 (filed 2/28/22) · 10-K FY2020 (filed 3/1/21) · 10-K FY2019 (filed 3/2/20) · 10-K FY2018 (filed 3/18/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.