Linde plc
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.99B | $33.01B | $32.85B | $33.36B | $30.79B | $27.24B | $28.23B | $14.84B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $147.0M | $150.0M | $146.0M | $143.0M | $143.0M | $152.0M | $184.0M | $113.0M |
| SG&A Expense | $3.43B | $3.34B | $3.30B | $3.11B | $3.19B | $3.19B | $3.46B | $1.63B |
| Operating Income | $8.92B | $8.64B | $8.02B | $5.37B | $4.98B | $3.32B | $2.93B | $5.25B |
| Operating Margin | 26.3% | 26.2% | 24.4% | 16.1% | 16.2% | 12.2% | 10.4% | 35.4% |
| Interest Expense | $575.0M | $555.0M | $480.0M | $277.0M | $227.0M | $277.0M | $284.0M | $297.0M |
| Pretax Income | $8.90B | $8.57B | $7.99B | $5.54B | $5.10B | $3.38B | $2.93B | $5.05B |
| Income Tax Expense | $1.99B | $2.00B | $1.81B | $1.43B | $1.26B | $847.0M | $769.0M | $817.0M |
| Net Income | $6.90B | $6.57B | $6.20B | $4.15B | $3.83B | $2.50B | $2.29B | $4.38B |
| Net Margin | 20.3% | 19.9% | 18.9% | 12.4% | 12.4% | 9.2% | 8.1% | 29.5% |
| EPS (Basic) | $14.69 | $13.71 | $12.70 | $8.30 | $7.40 | $4.75 | $4.22 | $13.26 |
| EPS (Diluted) | $14.61 | $13.62 | $12.59 | $8.23 | $7.33 | $4.71 | $4.19 | $13.11 |
| Shares Outstanding (Basic) | 469.5M | 478.8M | 488.2M | 499.7M | 516.9M | 526.7M | 541.1M | 330.4M |
| Shares Outstanding (Diluted) | 472.2M | 482.1M | 492.3M | 504.0M | 521.9M | 531.2M | 545.2M | 334.1M |
| Dividends Per Share | $6.00 | $5.56 | $5.10 | $4.68 | $4.24 | $3.85 | $3.50 | $3.30 |