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How Does Linde Make its Money?
Linde is the world’s largest industrial gas company, producing and distributing atmospheric gases (oxygen, nitrogen, argon) and process gases (hydrogen, carbon dioxide, helium) that are essential to manufacturing, healthcare, food processing, electronics fabrication, and energy production. Formed through the 2018 merger of Linde AG and Praxair, the company serves customers in over 100 countries. Linde’s business model generates reliable, recurring revenue through long-term supply contracts, many of which include cost pass-through provisions, making the business highly resilient through economic cycles.
Linde (LIN) Business Model
Linde operates in the industrial sector. Below is a summary of Linde’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Linde’s 2024 fiscal year filings with the SEC.
Linde Competitors
Linde’s key competitors and comparable public companies in the industrials sector include Honeywell and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Linde stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
Linde’s total revenue in 2024 grew 0.0% year-over-year. Here is how their revenue breaks down by segment:
| Revenue Stream | 2024 | 2023 |
|---|---|---|
| Americas | $9,500 | $9,100 |
| EMEA (Europe, Middle East, Africa) | $8,600 | $8,700 |
| APAC (Asia Pacific) | $6,200 | $6,300 |
| Engineering | $3,200 | $2,400 |
| Other | $5,500 | $5,700 |
| Total | $33,000 | $33,000 |
All values in millions USD unless otherwise stated.
Income Statement Breakdown
Here is a summary of Linde’s income statement comparing 2024 to 2023:
| Item | 2024 | 2023 |
|---|---|---|
| Total Revenue | $33,000 | $33,000 |
| Cost of Revenue | $20,600 | $21,000 |
| Gross Profit | $12,400 | $12,000 |
| Operating Expenses | $5,100 | $5,000 |
| Operating Income | $7,300 | $7,000 |
| Net Income | $6,200 | $6,000 |
All values in millions USD.
Key Financial Metrics
Gross Margin: 37.6% — This tells us how much profit Linde keeps after direct costs of delivering their product or service.
Operating Margin: 22.1% — After accounting for all operating expenses like R&D, sales, and administration, this is the profit margin from core operations.
Revenue Growth: 0.0% — Year-over-year revenue growth from 2023 to 2024.
Is Linde Profitable?
Yes, Linde is profitable. The company reported net income of $6,200 on total revenue of $33,000.
Linde (LIN) Financial Summary
Linde (LIN) is an industrial company that generated $33,000 in total revenue in fiscal year 2024. The company earned $6,200 in net income, making it profitable. For a deeper look at Linde’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.