Linde plc (NASDAQ: LIN)

Specialty Chemicals · Guildford, Ireland · Founded 1879

$220.0B

Market Cap

$33.99B

Revenue

66,000

Employees

$6.9B

Net Income

📊 Key Statistics for Linde plc (LIN)

Market capitalization: $220.0 billion
Annual revenue: $33.99 billion
Net income: $6.9 billion
Employees: 66,000
Sector: Basic Materials
Headquarters: Guildford, Ireland
Founded: 1879

Source: Statvoo company profile for Linde plc. Browse all 500+ companies

📋 About Linde plc

Linde is the world's largest industrial gas company, supplying oxygen, nitrogen, argon, hydrogen, and specialty gases to virtually every industry imaginable. Revenue runs about $33 billion annually. The company was formed from the 2018 merger of Praxair (U.S.) and Linde AG (Germany), creating a global giant. Its gases are essential for everything from hospital ventilators to semiconductor fabs to steel mills.

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💰 How Linde plc Makes Money

Three delivery models: on-site (dedicated plants at customer facilities with 15-20 year contracts), merchant (bulk liquid delivery by truck), and packaged (cylinders). On-site contracts provide extremely predictable, inflation-protected revenue. The business is inherently local — gas is expensive to transport, creating natural geographic moats.

📜 Key Milestones

Carl von Linde founded the original German company in 1879 after inventing a process to liquefy air. Praxair was spun off from Union Carbide in 1992. The $90 billion merger of equals in 2018 created the current Linde plc, domiciled in Ireland. The company delisted from the Frankfurt Stock Exchange in 2023, consolidating its listing on the NYSE.

📊 Financial Overview

Market Capitalization	$220.0B
Annual Revenue	$33.99B
Net Income	$6.9B
Profit Margin	20%
Revenue per Employee	$515000K
Stock Exchange	NASDAQ
Ticker Symbol	LIN

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

Linde's gases are in products you'd never expect — the bubbles in your beer, the atmosphere in chip fabrication clean rooms, and the oxygen in hospital ICUs all come from industrial gas companies. The industry is essentially an oligopoly: Linde, Air Liquide, and Air Products control the vast majority of the global market. Linde's on-site contracts often include automatic cost pass-through clauses, making the business nearly recession-proof.

📝 Analyst Take

Linde is the most boring great business you've never heard of. The hydrogen economy and semiconductor expansion are secular tailwinds, and the oligopoly structure means pricing power is structural, not cyclical.

❓ Frequently Asked Questions