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Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2024.
2017
66.3K+
LTM Revenue $33.2B
LTM EBITDA $13.0B
$235B
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Linde has a last 12-month revenue of $33.2B and a last 12-month EBITDA of $13.0B.
In the most recent fiscal year, Linde achieved revenue of $32.9B and an EBITDA of $12.2B.
Linde expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Linde valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $30.8B | $33.4B | $32.9B | $33.2B | XXX |
| Gross Profit | $13.3B | $13.9B | $15.4B | XXX | XXX |
| Gross Margin | 43% | 42% | 47% | XXX | XXX |
| EBITDA | $9.9B | $10.0B | $12.2B | $13.0B | XXX |
| EBITDA Margin | 32% | 30% | 37% | 39% | XXX |
| Net Profit | $3.8B | $4.1B | $6.2B | XXX | XXX |
| Net Margin | 12% | 12% | 19% | XXX | XXX |
| Net Debt | $11.4B | $12.5B | $14.7B | XXX | XXX |
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As of February 21, 2025, Linde's stock price is $458.
Linde has current market cap of $218B, and EV of $235B.
See Linde trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $235B | $218B | XXX | XXX | XXX | XXX | $15.66 |
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Sign UpAs of February 21, 2025, Linde has market cap of $218B and EV of $235B.
Linde's trades at 7.1x LTM EV/Revenue multiple, and 18.1x LTM EBITDA.
Analysts estimate Linde's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Linde and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $235B | XXX | XXX | XXX |
| EV/Revenue | 7.2x | XXX | XXX | XXX |
| EV/EBITDA | 19.2x | XXX | XXX | XXX |
| P/E | 35.2x | XXX | XXX | XXX |
| P/E/Growth | 2.1x | XXX | XXX | XXX |
| EV/FCF | 42.6x | XXX | XXX | XXX |
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Sign UpLinde's NTM/LTM revenue growth is 3%
Linde's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Linde's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Linde's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Linde and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 41% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 22% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Borouge | XXX | XXX | XXX | XXX | XXX | XXX |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Akzo Nobel | XXX | XXX | XXX | XXX | XXX | XXX |
| DSM Firmenich | XXX | XXX | XXX | XXX | XXX | XXX |
| Arvind | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Linde acquired XXX companies to date.
Last acquisition by Linde was XXXXXXXX, XXXXX XXXXX XXXXXX . Linde acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Linde founded? | Linde was founded in 2017. |
| Where is Linde headquartered? | Linde is headquartered in United States of America. |
| How many employees does Linde have? | As of today, Linde has 66.3K+ employees. |
| Who is the CEO of Linde? | Linde's CEO is Mr. Sanjiv Lamba. |
| Is Linde publicy listed? | Yes, Linde is a public company listed on NAS. |
| What is the stock symbol of Linde? | Linde trades under LIN ticker. |
| When did Linde go public? | Linde went public in 1992. |
| Who are competitors of Linde? | Similar companies to Linde include e.g. Borouge, Fertiglobe, Akzo Nobel, DSM Firmenich. |
| What is the current market cap of Linde? | Linde's current market cap is $218B |
| What is the current revenue of Linde? | Linde's last 12-month revenue is $33.2B. |
| What is the current EBITDA of Linde? | Linde's last 12-month EBITDA is $13.0B. |
| What is the current EV/Revenue multiple of Linde? | Current revenue multiple of Linde is 7.1x. |
| What is the current EV/EBITDA multiple of Linde? | Current EBITDA multiple of Linde is 18.1x. |
| What is the current revenue growth of Linde? | Linde revenue growth between 2023 and 2024 was -2%. |
| Is Linde profitable? | Yes, Linde is EBITDA-positive (as of the last 12 months). |
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