Company / Operating Margin
Linde plc Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
26.3%
FY2025
5-year range
10.4% / 26.3%
FY2021-FY2025
Trend
+0.3%
vs FY2024
Sector context
#10 of 84
Materials
What the data says
Linde plc's operating margin of 26.3% is higher than 88% of companies in the Materials sector (FY2025). Operating Margin has increased for 4 consecutive years, from 10.4% in FY2021 to 26.3% in FY2025.
Based on SEC 10-K filings.
26.3% in FY2025 with a 5-year CAGR of -9.1%. Top quartile in the Materials sector.
Improved from 16.2% to 26.3% over the past 2 years.
Materials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +14.1pp
- 5-Year Change
- -9.1pp
- 10-Year Change
- -
Sector benchmark
Top 12% in MaterialsTop 12% of 84This company 26.3% Sector average -70.2%
▼
+137.4% above sector average
Key checks
Key Insights
- Linde plc's operating margin has grown for 4 consecutive years.
- In FY2025, operating margin increased 0.3% year-over-year.
- Currently 96.5pp above the Materials sector average.
- Peak operating margin was recorded in FY2020.
Company context
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- Strong profit margin: 21.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 26.3% | +0.3% |
| FY2024 | 26.2% | +61.6% |
| FY2023 | 16.2% | +32.8% |
| FY2022 | 12.2% | +17.3% |
| FY2021 | 10.4% | -70.6% |
| FY2020 | 35.4% | +64.4% |
| FY2019 | 21.5% | +0.9% |
| FY2018 | 21.3% | -0.9% |
| FY2017 | 21.5% | +0.9% |
| FY2016 | 21.3% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026