LIN Linde margins

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Relative Growth: Rel. Growth: 64
Relative Strength: Rel. Strength: 67
Relative Valuation: Rel. Valuation: 23
Relative Profitability: Rel. Profitability: 74
Gross margin
47.9%
Operating margin
25.3%
EBITDA margin
36.4%
Net margin
19.3%

Based on the latest figures, Linde reports a gross margin of 47.9%, an operating margin of 25.3%, an EBITDA margin of 36.4%, and a net margin of 19.3%. EBITDA margin had the largest decline, falling by 2.7 percentage points, while the other available margins also weakened.

LIN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Linde recorded average margins of 48.08% gross, 25.79% operating, 37.79% EBITDA, and 19.89% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

LIN margin expansion

Year-over-year margin changes in percentage points

EBITDA margin led the decline, falling by 2.7 percentage points, while the other available margins also decreased.

Gross margin expansion
-0.9pp
Operating margin expansion
-1.7pp
EBITDA margin expansion
-2.7pp
Net margin expansion
-1.9pp

LIN Gross margin

Over the last 3 years, Linde's gross margin averaged 48.08%. At present, Linde's current gross margin is 47.9%, which is 0.2 percentage points below its three-year average. During this period, gross margin reached a high of 48.8% in Mar 2026 and a low of 46.8% in Dec 2023.

LIN Operating margin

Over the last 3 years, Linde's operating margin averaged 25.79%. Right now, Linde's current operating margin is 25.3%, which is 0.5 percentage points below its three-year average. During this period, operating margin reached a high of 27% in Sep 2025 and a low of 24.5% in Dec 2023.

LIN EBITDA margin

Over the last 3 years, Linde's EBITDA margin averaged 37.79%. Right now, Linde's current EBITDA margin is 36.4%, which is 1.4 percentage points below its three-year average. During this period, EBITDA margin reached a high of 39.1% in Sep 2025 and a low of 36.4% in Sep 2026.

LIN Net margin

The average net margin for Linde was 19.89% over the last 3 years. Linde currently reports a net margin of 19.3%, 0.6 percentage points below its three-year average. The net margin for Linde moved between 18.9% in Dec 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 47.9%, LIN is above the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 32%, 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 Sep 30, 2026, LIN recorded a gross margin of 47.9%.

What is Linde's operating margin?

The current operating margin for LIN is 25.3% as of Sep 30, 2026.

What is Linde's EBITDA margin?

The current EBITDA margin for LIN is 36.4% as of Sep 30, 2026.

What is Linde's net margin?

The current net margin for LIN is 19.3% as of Sep 30, 2026.

What are the average margins of LIN?

Over the last 3 years, Linde's margins averaged 48.1% gross, 25.8% operating, 37.8% EBITDA, and 19.9% 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.