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Linde plc

LIN

Basic Materials · 461.56 -1.1% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Linde plc's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-1.1% todayVolume comparison unavailable
Market group0 of 23 activeDefensive Income · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • Cost of sales ex D&A increased $555M (13%) in Q2, signaling meaningful input-cost pressure partially offset by productivity.

Invalidation: The isolated read changes if LIN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Basic Materials · Specialty Chemicals

No new filing conclusion is available. 0 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Cost of sales ex D&A increased $555M (13%) in Q2, signaling meaningful input-cost pressure partially offset by productivity.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations593
Usable filing statements159
Verified relationships0
Evidence supporting the case
  • Operating cash flow covered net income at 1.50x in the latest annual period.
  • Input and raw-material costs has repeated favorable evidence across 5 filings.
  • Macroeconomic conditions has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 5 filings.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Restructuring and cost reductions has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 167% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

461.56
6m-9.2%12m-4.4%24m-0.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$30.8B+13.0%$7.33-1.7%
2022-12-31$33.4B+8.3%$8.23-3.4%
2023-12-31$32.9B-1.5%$12.59-2.3%
2024-12-31$33.0B+0.5%$13.62-2.1%
2025-12-31$34.0B+3.0%$14.61-2.1%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
Capital expenditures for the six months ended June 30, 2026 were $2,780 million, $253 million higher than the prior year, primarily due to investments in new plant and production equipment for backlog growth requirements.
10-Q · Jul 31, 2026
Input and raw-material costsmixed · 5 filings
The increase was driven by continued productivity initiatives, currency translation, and higher pricing, which more than offset cost inflation and lower volumes.
10-Q · Jul 31, 2026
Macroeconomic conditionsmixed · 5 filings
The increase was driven by continued productivity initiatives, currency translation, and higher pricing, which more than offset cost inflation and lower volumes.
10-Q · Jul 31, 2026
Pricing and mixmixed · 5 filings
The increase was driven by continued productivity initiatives, currency translation, and higher pricing, which more than offset cost inflation and lower volumes.
10-Q · Jul 31, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.4× · EV/sales 6.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

461.56-1.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for LIN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for LIN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind LIN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

LIN is currently a Participant in the organic co-movement group Defensive Income. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for LIN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.