Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Linde plc, profitability ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Return on Sales
Gross profit margin 48.06% 46.76% 41.70% 43.03% 43.53%
Operating profit margin 26.16% 24.42% 16.09% 16.19% 12.19%
Net profit margin 19.89% 18.87% 12.43% 12.42% 9.18%
Return on Investment
Return on equity (ROE) 17.23% 15.61% 10.36% 8.69% 5.29%
Return on assets (ROA) 8.19% 7.67% 5.21% 4.69% 2.83%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Linde plc gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Linde plc operating profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Linde plc net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Linde plc ROE improved from 2022 to 2023 and from 2023 to 2024.
ROA A profitability ratio calculated as net income divided by total assets. Linde plc ROA improved from 2022 to 2023 and from 2023 to 2024.

Gross Profit Margin

Linde plc, gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Gross margin 15,862 15,362 13,914 13,250 11,860
Sales 33,005 32,854 33,364 30,793 27,243
Profitability Ratio
Gross profit margin1 48.06% 46.76% 41.70% 43.03% 43.53%
Benchmarks
Gross Profit Margin, Competitors2
Sherwin-Williams Co. 48.47% 46.67% 42.10% 42.83% 47.29%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Gross profit margin = 100 × Gross margin ÷ Sales
= 100 × 15,862 ÷ 33,005 = 48.06%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Linde plc gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Operating Profit Margin

Linde plc, operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Operating profit 8,635 8,024 5,369 4,984 3,322
Sales 33,005 32,854 33,364 30,793 27,243
Profitability Ratio
Operating profit margin1 26.16% 24.42% 16.09% 16.19% 12.19%
Benchmarks
Operating Profit Margin, Competitors2
Sherwin-Williams Co. 16.50% 15.48% 13.56% 12.83% 15.58%
Operating Profit Margin, Sector
Chemicals 20.73% 15.08% 14.87% 13.56%
Operating Profit Margin, Industry
Materials 22.62% 19.68% 21.62% 14.41%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Operating profit margin = 100 × Operating profit ÷ Sales
= 100 × 8,635 ÷ 33,005 = 26.16%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Linde plc operating profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Net Profit Margin

Linde plc, net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income, Linde plc 6,565 6,199 4,147 3,826 2,501
Sales 33,005 32,854 33,364 30,793 27,243
Profitability Ratio
Net profit margin1 19.89% 18.87% 12.43% 12.42% 9.18%
Benchmarks
Net Profit Margin, Competitors2
Sherwin-Williams Co. 11.61% 10.36% 9.12% 9.35% 11.06%
Net Profit Margin, Sector
Chemicals 15.36% 11.11% 11.22% 9.94%
Net Profit Margin, Industry
Materials 13.25% 12.31% 13.59% 8.58%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net profit margin = 100 × Net income, Linde plc ÷ Sales
= 100 × 6,565 ÷ 33,005 = 19.89%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Linde plc net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Return on Equity (ROE)

Linde plc, ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income, Linde plc 6,565 6,199 4,147 3,826 2,501
Total Linde plc shareholders’ equity 38,092 39,720 40,028 44,035 47,317
Profitability Ratio
ROE1 17.23% 15.61% 10.36% 8.69% 5.29%
Benchmarks
ROE, Competitors2
Sherwin-Williams Co. 66.19% 64.29% 65.12% 76.50% 56.23%
ROE, Sector
Chemicals 19.77% 14.30% 12.24% 8.90%
ROE, Industry
Materials 17.36% 16.42% 16.54% 8.40%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROE = 100 × Net income, Linde plc ÷ Total Linde plc shareholders’ equity
= 100 × 6,565 ÷ 38,092 = 17.23%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Linde plc ROE improved from 2022 to 2023 and from 2023 to 2024.

Return on Assets (ROA)

Linde plc, ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net income, Linde plc 6,565 6,199 4,147 3,826 2,501
Total assets 80,147 80,811 79,658 81,605 88,229
Profitability Ratio
ROA1 8.19% 7.67% 5.21% 4.69% 2.83%
Benchmarks
ROA, Competitors2
Sherwin-Williams Co. 11.35% 10.41% 8.94% 9.02% 9.95%
ROA, Sector
Chemicals 8.28% 6.03% 5.56% 4.17%
ROA, Industry
Materials 6.68% 6.28% 6.65% 3.40%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROA = 100 × Net income, Linde plc ÷ Total assets
= 100 × 6,565 ÷ 80,147 = 8.19%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Linde plc ROA improved from 2022 to 2023 and from 2023 to 2024.