LIN Linde margins

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Relative Growth: Rel. Growth: 71
Relative Strength: Rel. Strength: 44
Relative Valuation: Rel. Valuation: 34
Relative Profitability: Rel. Profitability: 77
Gross margin
48.3%
Operating margin
26.5%
EBITDA margin
37.8%
Net margin
20.4%

Based on the latest figures, Linde reports a gross margin of 48.3%, an operating margin of 26.5%, an EBITDA margin of 37.8%, and a net margin of 20.4%. Margin expansion was strongest in operating margin, which gained by 0.2 percentage points. EBITDA margin had the strongest contraction, dropping by 0.7 percentage points.

LIN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Linde recorded average margins of 47.93% gross, 25.66% operating, 37.77% EBITDA, and 19.82% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

LIN margin expansion

Year-over-year margin changes in percentage points

The largest gain was in operating and net margins, up 0.2 percentage points. The expansion was limited to operating and net margins, while gross margin contracted by 0.1 percentage points and EBITDA margin by 0.7 percentage points.

Gross margin expansion
-0.1pp
Operating margin expansion
0.2pp
EBITDA margin expansion
-0.7pp
Net margin expansion
0.2pp

LIN Gross margin

Over the last 3 years, Linde's gross margin averaged 47.93%. At present, Linde's current gross margin is 48.3%, which is 0.4 percentage points above its three-year average. During this period, gross margin reached a high of 48.8% in Mar 2026 and a low of 46.1% in Sep 2023.

LIN Operating margin

Over the last 3 years, Linde's operating margin averaged 25.66%. Right now, Linde's current operating margin is 26.5%, which is 0.8 percentage points above its three-year average. During this period, operating margin reached a high of 27% in Sep 2025 and a low of 23.7% in Sep 2023.

LIN EBITDA margin

Over the last 3 years, Linde's EBITDA margin averaged 37.77%. Right now, Linde's current EBITDA margin is 37.8%, which is 0 percentage points above its three-year average. During this period, EBITDA margin reached a high of 39.1% in Sep 2025 and a low of 36.1% in Sep 2023.

LIN Net margin

The average net margin for Linde was 19.82% over the last 3 years. Linde currently reports a net margin of 20.4%, 0.6 percentage points above its three-year average. The net margin for Linde moved between 18.4% in Sep 2023 and 21.2% in Sep 2025.

LIN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 48.3%, LIN is above the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 32.3%, Linde's gross margin is 50% higher.

LIN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Linde's gross margin?

For the period ending Jun 30, 2026, LIN recorded a gross margin of 48.3%.

What is Linde's operating margin?

The current operating margin for LIN is 26.5% as of Jun 30, 2026.

What is Linde's EBITDA margin?

The current EBITDA margin for LIN is 37.8% as of Jun 30, 2026.

What is Linde's net margin?

The current net margin for LIN is 20.4% as of Jun 30, 2026.

What are the average margins of LIN?

Over the last 3 years, Linde's margins averaged 47.9% gross, 25.7% operating, 37.8% EBITDA, and 19.8% net.

What are the highest historical margins of LIN?

Over the last 5 years, Linde's highest margins were 48.8% gross in Mar 2026, 27% operating in Sep 2025, 39.1% EBITDA in Sep 2025, and 21.2% net in Sep 2025.

What are the lowest historical margins of LIN?

In the last 5 years, the lowest margins reported by LIN were 40.9% gross in Sep 2022, 14.5% operating in Jun 2022, 28.7% EBITDA in Sep 2022, and 10.9% net in Jun 2022.