Linde PLC
Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plant… Read more
Linde PLC (LIN) - Net Assets
Latest net assets as of December 2025: €39.74 Billion EUR
Based on the latest financial reports, Linde PLC (LIN) has net assets worth €39.74 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€86.82 Billion) and total liabilities (€47.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €39.74 Billion |
| % of Total Assets | 45.78% |
| Annual Growth Rate | 11.34% |
| 5-Year Change | -12.54% |
| 10-Year Change | 628.97% |
| Growth Volatility | 131.09 |
Linde PLC - Net Assets Trend (1991–2025)
This chart illustrates how Linde PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Linde PLC (1991–2025)
The table below shows the annual net assets of Linde PLC from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €39.74 Billion | +0.65% |
| 2024-12-31 | €39.49 Billion | -3.91% |
| 2023-12-31 | €41.09 Billion | -0.71% |
| 2022-12-31 | €41.39 Billion | -8.92% |
| 2021-12-31 | €45.44 Billion | -8.35% |
| 2020-12-31 | €49.58 Billion | -3.98% |
| 2019-12-31 | €51.63 Billion | -9.56% |
| 2018-12-31 | €57.10 Billion | +775.44% |
| 2017-12-31 | €6.52 Billion | +19.63% |
| 2016-12-31 | €5.45 Billion | +11.13% |
| 2015-12-31 | €4.91 Billion | -20.69% |
| 2014-12-31 | €6.19 Billion | -15.38% |
| 2013-12-31 | €7.31 Billion | +9.55% |
| 2012-12-31 | €6.67 Billion | +15.11% |
| 2011-12-31 | €5.80 Billion | -5.66% |
| 2010-12-31 | €6.14 Billion | +8.80% |
| 2009-12-31 | €5.65 Billion | +31.01% |
| 2008-12-31 | €4.31 Billion | -21.09% |
| 2007-12-31 | €5.46 Billion | +14.38% |
| 2006-12-31 | €4.78 Billion | +16.37% |
| 2005-12-31 | €4.10 Billion | +7.07% |
| 2004-12-31 | €3.83 Billion | +16.75% |
| 2003-12-31 | €3.28 Billion | +31.11% |
| 2002-12-31 | €2.50 Billion | -4.35% |
| 2001-12-31 | €2.62 Billion | +4.10% |
| 2000-12-31 | €2.52 Billion | -7.67% |
| 1999-12-31 | €2.72 Billion | -5.87% |
| 1998-12-31 | €2.89 Billion | +6.48% |
| 1997-12-31 | €2.72 Billion | +9.07% |
| 1996-12-31 | €2.49 Billion | +62.98% |
| 1995-12-31 | €1.53 Billion | +26.36% |
| 1994-12-31 | €1.21 Billion | +23.47% |
| 1993-12-31 | €980.00 Million | +3.70% |
| 1992-12-31 | €945.00 Million | -8.43% |
| 1991-12-31 | €1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Linde PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1660913100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €16.61 Billion | 43.43% |
| Common Stock | €1.00 Million | 0.00% |
| Other Comprehensive Income | €-6.23 Billion | -16.30% |
| Other Components | €27.87 Billion | 72.87% |
| Total Equity | €38.25 Billion | 100.00% |
Linde PLC Competitors by Market Cap
The table below lists competitors of Linde PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KLA-Tencor Corporation
NASDAQ:KLAC
|
$188.06 Billion |
|
KLA Corp.
LSE:0JPO
|
$188.21 Billion |
|
BHP Group Limited
NYSE:BHP
|
$188.50 Billion |
|
Australia and New Zealand Banking Group Ltd
AU:AN3PK
|
$189.74 Billion |
|
Morgan Stanley
NYSE:MS
|
$187.09 Billion |
|
Salesforce.com Inc
NYSE:CRM
|
$180.61 Billion |
|
Gilead Sciences Inc
NASDAQ:GILD
|
$179.76 Billion |
|
Shell PLC
PINK:RYDAF
|
$179.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Linde PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,092,000,000 to 38,247,605,000, a change of 155,605,000 (0.4%).
- Net income of 6,898,469,846 contributed positively to equity growth.
- Dividend payments of 2,811,191,466 reduced retained earnings.
- Share repurchases of 4,601,313,389 reduced equity.
- Other comprehensive income increased equity by 660,575,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.90 Billion | +18.04% |
| Dividends Paid | €2.81 Billion | -7.35% |
| Share Repurchases | €4.60 Billion | -12.03% |
| Other Comprehensive Income | €660.58 Million | +1.73% |
| Other Changes | €9.07 Million | +0.02% |
| Total Change | €- | 0.41% |
Book Value vs Market Value Analysis
This analysis compares Linde PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 168.77x to 5.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | €2.55 | €430.60 | x |
| 1992-12-31 | €2.09 | €430.60 | x |
| 1993-12-31 | €2.34 | €430.60 | x |
| 1994-12-31 | €3.00 | €430.60 | x |
| 1995-12-31 | €3.89 | €430.60 | x |
| 1996-12-31 | €6.28 | €430.60 | x |
| 1997-12-31 | €6.70 | €430.60 | x |
| 1998-12-31 | €7.37 | €430.60 | x |
| 1999-12-31 | €7.29 | €430.60 | x |
| 2000-12-31 | €7.38 | €430.60 | x |
| 2001-12-31 | €7.57 | €430.60 | x |
| 2002-12-31 | €7.10 | €430.60 | x |
| 2003-12-31 | €9.33 | €430.60 | x |
| 2004-12-31 | €10.89 | €430.60 | x |
| 2005-12-31 | €11.84 | €430.60 | x |
| 2006-12-31 | €13.83 | €430.60 | x |
| 2007-12-31 | €15.83 | €430.60 | x |
| 2008-12-31 | €12.59 | €430.60 | x |
| 2009-12-31 | €17.01 | €430.60 | x |
| 2010-12-31 | €18.60 | €430.60 | x |
| 2011-12-31 | €17.89 | €430.60 | x |
| 2012-12-31 | €20.09 | €430.60 | x |
| 2013-12-31 | €22.11 | €430.60 | x |
| 2014-12-31 | €19.02 | €430.60 | x |
| 2015-12-31 | €15.18 | €430.60 | x |
| 2016-12-31 | €17.45 | €430.60 | x |
| 2017-12-31 | €20.82 | €430.60 | x |
| 2018-12-31 | €154.42 | €430.60 | x |
| 2019-12-31 | €90.02 | €430.60 | x |
| 2020-12-31 | €89.08 | €430.60 | x |
| 2021-12-31 | €84.38 | €430.60 | x |
| 2022-12-31 | €79.41 | €430.60 | x |
| 2023-12-31 | €80.68 | €430.60 | x |
| 2024-12-31 | €79.01 | €430.60 | x |
| 2025-12-31 | €81.00 | €430.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Linde PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.30%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.27x
- Recent ROE (18.04%) is below the historical average (18.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 16.46% | 4.33% | 0.72x | 5.31x | €42.00 Million |
| 1992 | -11.03% | -2.30% | 0.78x | 6.15x | €-114.40 Million |
| 1993 | 18.58% | 4.84% | 0.75x | 5.13x | €54.50 Million |
| 1994 | 24.20% | 7.49% | 0.77x | 4.20x | €119.10 Million |
| 1995 | 23.37% | 8.33% | 0.76x | 3.69x | €149.90 Million |
| 1996 | 14.11% | 6.34% | 0.59x | 3.77x | €82.10 Million |
| 1997 | 18.43% | 8.55% | 0.61x | 3.55x | €185.30 Million |
| 1998 | 17.66% | 8.79% | 0.60x | 3.36x | €184.30 Million |
| 1999 | 18.22% | 9.29% | 0.60x | 3.27x | €194.50 Million |
| 2000 | 15.27% | 7.20% | 0.65x | 3.27x | €125.30 Million |
| 2001 | 17.36% | 8.34% | 0.67x | 3.11x | €182.30 Million |
| 2002 | 17.48% | 7.98% | 0.69x | 3.16x | €175.00 Million |
| 2003 | 18.94% | 10.42% | 0.68x | 2.69x | €276.20 Million |
| 2004 | 19.32% | 10.57% | 0.67x | 2.74x | €336.20 Million |
| 2005 | 18.61% | 9.48% | 0.73x | 2.69x | €335.80 Million |
| 2006 | 21.70% | 11.87% | 0.75x | 2.44x | €532.60 Million |
| 2007 | 22.89% | 12.52% | 0.70x | 2.60x | €662.80 Million |
| 2008 | 30.21% | 11.22% | 0.83x | 3.26x | €810.10 Million |
| 2009 | 23.59% | 14.00% | 0.63x | 2.69x | €722.50 Million |
| 2010 | 20.63% | 11.81% | 0.66x | 2.64x | €615.80 Million |
| 2011 | 30.47% | 14.86% | 0.69x | 2.98x | €1.12 Billion |
| 2012 | 27.90% | 15.07% | 0.62x | 2.98x | €1.09 Billion |
| 2013 | 26.55% | 14.72% | 0.59x | 3.06x | €1.09 Billion |
| 2014 | 30.13% | 13.80% | 0.62x | 3.52x | €1.13 Billion |
| 2015 | 35.25% | 14.36% | 0.59x | 4.17x | €1.11 Billion |
| 2016 | 29.87% | 14.24% | 0.54x | 3.85x | €997.90 Million |
| 2017 | 20.72% | 10.90% | 0.56x | 3.40x | €645.20 Million |
| 2018 | 8.49% | 29.40% | 0.16x | 1.81x | €-778.60 Million |
| 2019 | 4.66% | 8.09% | 0.33x | 1.76x | €-2.62 Billion |
| 2020 | 5.29% | 9.18% | 0.31x | 1.86x | €-2.23 Billion |
| 2021 | 8.69% | 12.42% | 0.38x | 1.85x | €-577.50 Million |
| 2022 | 10.36% | 12.43% | 0.42x | 1.99x | €144.20 Million |
| 2023 | 15.61% | 18.87% | 0.41x | 2.03x | €2.23 Billion |
| 2024 | 17.23% | 19.89% | 0.41x | 2.10x | €2.76 Billion |
| 2025 | 18.04% | 20.30% | 0.39x | 2.27x | €3.07 Billion |
Industry Comparison
This section compares Linde PLC's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $72,537,706,375
- Average return on equity (ROE) among peers: 7.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linde PLC (LIN) | €39.74 Billion | 16.46% | 1.18x | $187.60 Billion |
| DOW INC. DL-01 (2OY) | $17.52 Billion | -14.97% | 2.34x | $19.59 Billion |
| PT Surya Esa Perkasa Tbk (71S) | $525.36 Million | 26.43% | 0.58x | $9.61 Million |
| Green Oleo S.p.A. (77M) | $15.82 Million | 35.22% | 2.19x | $16.27 Million |
| BASF SE (BASA) | $36.65 Billion | 0.61% | 1.11x | $10.90 Billion |
| Advance NanoTek Limited (BBJ) | $35.28 Million | 4.71% | 0.11x | $6.22 Million |
| Denka Company Limited (DIK) | $254.01 Billion | 8.94% | 0.97x | $1.24 Billion |
| Indorama Ventures Public Company Limited (I93) | $138.17 Billion | 3.80% | 1.75x | $970.99 Million |
| IBU tec advanced materials AG (IBU) | $51.41 Million | -9.32% | 0.34x | $49.10 Million |
| Nippon Kayaku Co. Ltd (NP7) | $205.86 Billion | 7.59% | 0.33x | $1.35 Billion |