LINDE PLC (LIN) closed fiscal year 2025 with a gross margin of 48.8 % and a net margin of 20.3 %.
LINDE PLC (LIN) closed fiscal year 2025 with a gross margin of 48.8 % and a net margin of 20.3 %. The same year shows an EBITDA margin of 37.3 % and an EBIT margin of 26.3 %. The free cash flow margin was 15.0 %. Against the previous year the gross margin moved +0.8 pp and the net margin +0.4 pp. Across the period the gross margin ranges between 41.7 % in 2022 and 48.8 % in 2025. The series covers 10 fiscal years, from 2016 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | 41.70 % | 46.76 % | 48.06 % | 48.83 % |
| EBITDA margin (%) | 31.98 % | 31.94 % | 47.70 % | 26.95 % | 29.17 % | 31.24 % | 28.69 % | 36.04 % | 37.62 % | 37.33 % |
| EBIT margin (%) | 21.33 % | 21.52 % | 35.37 % | 10.39 % | 12.19 % | 16.19 % | 16.09 % | 24.42 % | 26.16 % | 26.25 % |
| Net margin (%) | 14.24 % | 10.98 % | 29.53 % | 8.09 % | 9.18 % | 12.42 % | 12.43 % | 18.87 % | 19.89 % | 20.30 % |
| FCF margin (%) | 12.57 % | 15.23 % | 12.26 % | 8.88 % | 14.79 % | 21.56 % | 17.06 % | 16.80 % | 14.93 % | 14.97 % |
