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Linde Valuation Multiples
Discover revenue and EBITDA valuation multiples for Linde and similar public comparables like Sherwin-Williams, Ecolab, Shin-Etsu, Air Products and more.
Linde Overview
About Linde
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 $34 billion in revenue in 2025.
Founded
2017
HQ
Employees
65.2K
Website
Sectors
Financials (LTM)
EV
$259B
Linde Financials
Linde reported last 12-month revenue of $34B and EBITDA of $14B.
In the same LTM period, Linde generated $16B in gross profit, $14B in EBITDA, and $8B in net income.
Revenue (LTM)
Linde P&L
In the most recent fiscal year, Linde reported revenue of $34B and EBITDA of $13B.
Linde expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34B | XXX | $34B | XXX | XXX | XXX |
| Gross Profit | $16B | XXX | $17B | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $14B | XXX | $13B | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $22B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Linde Stock Performance
Linde has current market cap of $236B, and enterprise value of $259B.
Market Cap Evolution
Linde's stock price is $508.87.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $259B | $236B | 1.1% | XXX | XXX | XXX | $16.78 |
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Start Free TrialLinde Valuation Multiples
Linde trades at 7.5x EV/Revenue multiple, and 19.0x EV/EBITDA.
EV / Revenue (LTM)
Linde Financial Valuation Multiples
As of April 14, 2026, Linde has market cap of $236B and EV of $259B.
Equity research analysts estimate Linde's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Linde has a P/E ratio of 29.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $236B | XXX | $236B | XXX | XXX | XXX |
| EV (current) | $259B | XXX | $259B | XXX | XXX | XXX |
| EV/Revenue | 7.5x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBITDA | 19.0x | XXX | 19.3x | XXX | XXX | XXX |
| EV/EBIT | 25.0x | XXX | 25.5x | XXX | XXX | XXX |
| EV/Gross Profit | 15.9x | XXX | 15.6x | XXX | XXX | XXX |
| P/E | 29.8x | XXX | 30.3x | XXX | XXX | XXX |
| EV/FCF | 47.5x | XXX | 48.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Linde Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Linde Margins & Growth Rates
Linde's revenue in the last 12 month grew by 5%.
Linde's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Linde's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Linde's rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Linde Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Linde Public Comps
See public comps and valuation multiples for other Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Linde | XXX | XXX | XXX | XXX | XXX | XXX |
| Sherwin-Williams | XXX | XXX | XXX | XXX | XXX | XXX |
| Ecolab | XXX | XXX | XXX | XXX | XXX | XXX |
| Shin-Etsu | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Products | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Products | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Linde M&A Activity
Linde acquired XXX companies to date.
Last acquisition by Linde was on XXXXXXXX, XXXXX. Linde acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Linde
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialLinde Investment Activity
Linde invested in XXX companies to date.
Linde made its latest investment on XXXXXXXX, XXXXX. Linde invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Linde
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Linde
| When was Linde founded? | Linde was founded in 2017. |
| Where is Linde headquartered? | Linde is headquartered in United States. |
| How many employees does Linde have? | As of today, Linde has over 65K employees. |
| Who is the CEO of Linde? | Linde's CEO is Sanjiv Lamba. |
| Is Linde publicly listed? | Yes, Linde is a public company listed on Nasdaq. |
| 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? | Linde main competitors are Sherwin-Williams, Ecolab, Shin-Etsu, Air Products. |
| What is the current market cap of Linde? | Linde's current market cap is $236B. |
| What is the current revenue of Linde? | Linde's last 12 months revenue is $34B. |
| What is the current revenue growth of Linde? | Linde revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Linde? | Current revenue multiple of Linde is 7.5x. |
| Is Linde profitable? | Yes, Linde is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Linde? | Linde's last 12 months EBITDA is $14B. |
| What is Linde's EBITDA margin? | Linde's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of Linde? | Current EBITDA multiple of Linde is 19.0x. |
| What is the current FCF of Linde? | Linde's last 12 months FCF is $5B. |
| What is Linde's FCF margin? | Linde's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Linde? | Current FCF multiple of Linde is 47.5x. |
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