Company / R&D Expense
Linde plc R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$147.0M
FY2025
5-year range
$143.0M / $184.0M
FY2021-FY2025
Trend
-2.0%
vs FY2024
Sector context
#10 of 53
Materials
What the data says
Linde plc's r&d expense of $147M is higher than 81% of companies in the Materials sector (FY2025). R&D Expense has fluctuated over the past 10 years, ranging from $92M in FY2018 to $184M in FY2021.
Based on SEC 10-K filings.
$147M in FY2025 with a 5-year CAGR of +5.4%. Top quartile in the Materials sector.
Improved from $143M to $147M over the past 2 years.
Materials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -1.1%
- 5-Year CAGR
- +5.4%
- 10-Year CAGR
- -
Sector benchmark
Top 19% in MaterialsTop 19% of 53This company $147.0M Sector average $131.8M
▼
+11.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +5.4%, indicating consistent growth.
- In FY2025, r&d expense decreased 2.0% year-over-year.
- Ranks #10 out of 53 companies in the Materials sector.
- Peak r&d expense was recorded in FY2021.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $147.0M | -2.0% |
| FY2024 | $150.0M | +4.9% |
| FY2023 | $143.0M | -5.9% |
| FY2022 | $152.0M | -17.4% |
| FY2021 | $184.0M | +62.8% |
| FY2020 | $113.0M | +21.5% |
| FY2019 | $93.0M | +1.1% |
| FY2018 | $92.0M | -1.1% |
| FY2017 | $93.0M | +1.1% |
| FY2016 | $92.0M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026