Linde Posts 23% Net Income CAGR, Trades at 6x Sales and 29x Earnings

LINLIN

Linde delivered a 23% net income compound annual growth rate over the past five years driven by its successful Praxair integration. Shares trade at a 6x sales multiple and 29x earnings, suggesting an attractive valuation gap versus peers despite recent end market softness.

1. Fourth Quarter 2025 Earnings Release and Conference Call Schedule

Linde will publish its fourth quarter 2025 financial results by 06:00 EST/12:00 CET on Thursday, February 5, 2026, providing investors with a comprehensive view of its performance in a period that saw sustained demand across chemicals & energy, healthcare and electronics markets. The company generated $33 billion in sales in 2024, and management expects to discuss margin expansion driven by synergies from the Praxair integration, cost–efficiency programs and selective price adjustments. A live webcast and conference call will follow at 09:00 EST/15:00 CET, accessible via toll-free numbers in the US and UK, and a web replay of both the call and presentation materials will be available on demand beginning at 10:30 EST/16:30 CET on February 5, 2026.

2. Long-Term Growth Prospects and Valuation Opportunity

Linde has delivered a 23% compound annual growth rate in net income over the past five years, underpinned by its leadership in industrial gases, strategic focus on clean hydrogen production and carbon capture systems, and expansion into high-purity specialty gases for the electronics industry. With a dominant global footprint spanning metals & mining, food & beverage and manufacturing end markets, the company’s scale has enabled resilient free cash flow conversion and continued investment in decarbonization solutions. Shares currently trade at approximately six times trailing sales and 29 times trailing earnings, presenting an attractive entry point for long-term investors seeking exposure to a business built to compound earnings through cycle and drive sustainable returns over decades.

Sources

SB