“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 ↗
Linde plc
LIN
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- Restructuring and cost reductions has repeated adverse evidence across 5 filings.
- EV/sales is 167% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
461.56Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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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.