L'Air Liquide S.A. (AIQUY)
Similar size · 0.56x market cap
Industrial gases
No Charged Alpha episode is linked for this listing yet.
LIN · NasdaqGS
Linde PLC
Specialty Chemicals · United Kingdom
USD 460.400.4% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$212.24B
- Trailing P/E
- 29.66x
- Forward P/E
- 23.54x
- Quarterly revenue growth
- 9.3%
- Trailing net margin
- 20.4%
- Indicated dividend yield
- 1.4%
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-30 (provider estimate, not issuer-confirmed).
Company background
Linde plc operates as an industrial gas company worldwide. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants. The company serves the healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics industries. It operates in the United States, Brazil, Mexico, Canada, Germany, the United Kingdom, Eastern Europe, China, Australia, South Korea, and India. Linde plc was founded in 1879 and is based in Woking, the United Kingdom.
Company websiteQ1 2026
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Comparable businesses
LIN peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | LINLinde plcSnapshot 2026-09-20Financial period: 2026-06-30 | AIQUYL'Air Liquide S.A.Snapshot 2026-09-20Financial period: 2026-06-30 | APDAir Products and Chemicals, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$212.24B | US$119.40B | US$63.28B |
| Forward P/EProvider forward earnings estimate | 23.54x | 22.86x | 19.68x |
| EV / EBITDAEnterprise value / trailing EBITDA | 17.14x | — | 17.90x |
| Revenue growthLatest quarter vs prior-year quarter | 9.3% | 0.8% | 4.6% |
| Operating marginLatest reported quarter | 28.1% | 20.1% | 25.5% |
| Free cash flow yieldTrailing cash flow / market cap | 2.0% | — | -2.4% |
| Net debt / EBITDANet debt / trailing EBITDA | 1.67x | 1.99x | 3.71x |
| Debt / equityTotal debt / positive book equity | 0.69x | 0.63x | 1.10x |
| Trailing P/ETrailing twelve-month earnings | 29.66x | 29.46x | — |
| Price / bookPrice / positive book equity per share | 5.43x | 3.91x | 4.56x |
| EV / salesEnterprise value / trailing revenue | 6.68x | — | 6.61x |
| Earnings growthLatest quarter vs prior-year quarter | 11.3% | 0.7% | — |
| Gross marginTrailing twelve months | 48.3% | 64.6% | 32.1% |
| Net marginTrailing twelve months | 20.4% | 13.1% | -0.4% |
| Return on equityProvider trailing return; positive equity only | 18.4% | 14.0% | 0.0% |
| Free cash flow marginTrailing free cash flow / revenue | 11.7% | 0.9% | -11.9% |
| Dividend yieldIndicated annual dividend / price | 1.4% | 2.1% | 2.5% |
| Earnings payoutProvider trailing dividend payout | 40.0% | 60.1% | 75.7% |
| Current ratioCurrent assets / current liabilities | 0.88x | 0.88x | 1.08x |
| BetaProvider historical market sensitivity | 0.73 | 0.64 | 0.75 |
Air Products and Chemicals, Inc. (APD)
Smaller industry benchmark · 0.30x market cap
Industrial gases
YouTube · Q2 FY2026 · 2026-05-01
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
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Revenue
Reported figures
Financial data & calculation notes
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Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for LIN
Q1 20262026-05-01
LIN Stock: Q1 2026 Earnings Analysis
Presentation · 2026-05-01 · YouTube
LIN Q1 2026 earnings analysis
Presentation · 2026-04-10 · YouTube