LINDE PLC (LIN) FY2025 Annual P&L / Income Statement
2025-01-01 to 2025-12-31
Revenue by Business Segment by Sales Channel
2025-01-01 to 2025-12-31
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LINDE PLC (LIN) FY2025 Annual P&L / Income Statement
Income statement for 2025-01-01 through 2025-12-31. View: Segments by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.
- Sales
- 33,986,000,000 US dollars
- Cost of revenue (calculated)
- 17,389,000,000 US dollars
- Gross profit (calculated)
- 16,597,000,000 US dollars
- Operating costs, including other operating expenses (calculated)
- 7,674,000,000 US dollars
- Operating Profit
- 8,923,000,000 US dollars
- Other income (expense), net (calculated)
- negative 26,000,000 US dollars
- Income Before Income Taxes and Equity Investments
- 8,897,000,000 US dollars
- Income taxes
- 1,989,000,000 US dollars
- Net Income – Linde plc
- 6,898,000,000 US dollars
- APAC Segment - Merchant
- 2,213,000,000 US dollars
- APAC Segment - On-Site
- 2,789,000,000 US dollars
- APAC Segment - Other
- 261,000,000 US dollars
- APAC Segment - Packaged Gas
- 1,398,000,000 US dollars
- Americas - Merchant
- 4,892,000,000 US dollars
- Americas - On-Site
- 3,609,000,000 US dollars
- Americas - Other
- 247,000,000 US dollars
- Americas - Packaged Gas
- 6,460,000,000 US dollars
- EMEA Segment - Merchant
- 2,860,000,000 US dollars
- EMEA Segment - On-Site
- 1,685,000,000 US dollars
- EMEA Segment - Other
- 34,000,000 US dollars
- EMEA Segment - Packaged Gas
- 3,970,000,000 US dollars
- Engineering - Merchant
- 0 US dollars
- Engineering - On-Site
- 0 US dollars
- Engineering - Other
- 2,250,000,000 US dollars
- Engineering - Packaged Gas
- 0 US dollars
- Other - Merchant
- 194,000,000 US dollars
- Other - On-Site
- 0 US dollars
- Other - Other
- 1,099,000,000 US dollars
- Other - Packaged Gas
- 25,000,000 US dollars
- Cost of sales, exclusive of depreciation and amortization
- 17,389,000,000 US dollars
- Selling, general and administrative
- 3,433,000,000 US dollars
- Depreciation and amortization
- 3,763,000,000 US dollars
- Research and development
- 147,000,000 US dollars
- Cost reduction program and other charges
- 273,000,000 US dollars
- Other income (expense) - net
- 58,000,000 US dollars
- Add: Noncontrolling interests
- negative 160,000,000 US dollars. Reported below-tax contribution to net income.
- Income from equity investments
- 150,000,000 US dollars. Reported below-tax contribution to net income.
Chart connections
- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.

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Gross margin
48.8%
Gross profit / revenue
Operating margin
26.3%
Operating profit / revenue
Cash conversion
150.0%
Operating cash / net income, same period
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