Linde recorded third-quarter sales of $9.4 billion and EPS of $4.59, took a $425 million restructuring charge, and guided fourth-quarter EPS to $4.40 to $4.50 and full-year EPS to $17.82 to $17.92.
LIN · Linde PLC
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Linde's third-quarter 2026 sales were $9,404 million, up 9%; adjusted operating profit rose 8% to $2,763 million and adjusted EPS rose 9% to $4.59. Nine-month operating cash flow was $7,680 million, capital expenditures $4,172 million, and backlog approximately $7.9 billion.
Linde plc reported third-quarter 2026 sales of $9.4 billion, up 9%, and adjusted EPS of $4.59, up 9%. Full-year adjusted EPS guidance is $17.82 - $17.92, up 8% to 9%, while operating cash flow reached $3.2 billion.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Acquisitions/divestitures | 1% | third quarter of 2026 filing | — |
| Adjusted depreciation and amortization non-GAAP | 777M | Quarter Ended September 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported depreciation and amortization $965M
-$188M Less: Purchase accounting impacts - Linde AG (c)
= Adjusted depreciation and amortization $777M
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| Adjusted diluted earnings per share non-GAAP | $4.59 | the third quarter | — |
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| Adjusted EBITDA as a % of Sales non-GAAP | 38.5% | Quarter Ended September 30, 2026 filing | — |
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| Adjusted effective tax rate non-GAAP | 23.8% | Quarter Ended September 30, 2026 filing | — |
| Adjusted income from equity investments non-GAAP | 80M | Quarter Ended September 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported income from equity investments $61M
+$19M Add: Purchase accounting impacts - Linde AG (c)
+$0M Add: Cost reduction program and other charges
= Adjusted income from equity investments $80M
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| adjusted net income non-GAAP | $2.12B | the third quarter | — |
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| Adjusted net pension and OPEB cost (benefit), excluding service costs non-GAAP | -53M | Quarter Ended September 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported net pension and OPEB cost (benefit), excluding service cost -$49M
-$4M Add: Pension settlement charges
= Adjusted Net Pension and OPEB cost (benefit), excluding service costs -$53M
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| Adjusted noncontrolling interests non-GAAP | -50M | Quarter Ended September 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported noncontrolling interests -$48M
-$2M Add: Purchase accounting impacts - Linde AG (c)
= Adjusted noncontrolling interests -$50M
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| Adjusted operating profit non-GAAP | $2.76B | the third quarter | — |
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| adjusted operating profit margin non-GAAP | 29.4% | the third quarter | — |
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| Adjusted other income (expense) - net non-GAAP | 27M | Quarter Ended September 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Reported other income (expense) - net $27M
+$0M Add: Purchase accounting impacts - Linde AG (c)
= Adjusted other income (expense) - net $27M
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| Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Program (2)(Millions) | 4.68B | Third Quarter 2026 filing | — |
| AveragePrice PaidPer Share | $491.05 | Third Quarter 2026 filing | — |
| Currency | 1% | third quarter of 2026 filing | — |
| free cash flow non-GAAP | $1.78B | the third quarter | — |
| Linde Engineering order intake | $499M | the third quarter | — |
| Number of employees | 64,512 | Quarter Ended September 30, 2026 filing | — |
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| third-party sale of equipment backlog | $2.9B | the third quarter | — |
| Third-quarter operating cash flow | $3.17B | the third quarter | — |
| Total Number of Shares Purchased (Thousands) | 1.94M | Third Quarter 2026 filing | — |
| Total Numbers of Shares Purchased as Part of Publicly Announced Program (1) (Thousands) | 1.94M | Third Quarter 2026 filing | — |
| Volume | 2% | third quarter of 2026 filing | — |
| Adjusted EBITDA non-GAAP | $3.57B | Quarter Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net Income - Linde plc 1.93B
+44M Add: Noncontrolling interests
-53M Add: Net pension and OPEB cost (benefit), excluding service cost
+61M Add: Interest expense
+610M Add: Income taxes
+963M Add: Depreciation and amortization
+0M Add: Cost reduction program and other charges
+19M Add: Purchase accounting impacts - Linde AG (c)
= Adjusted EBITDA 3.57B
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| EBITDA | $3.55B | second quarter 2026 filing | — |
| Return on capital non-GAAP | 23.5% | second-quarter 2026 | — |
| Sale of gas backlog | $8.1B | second-quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Chemicals — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LIN
this stock
Linde PLC
|
$234.84B | +23.1% | +3.0% | 33.9 | 1.3% |
|
AIQUF
L Air Liquide SA
|
$130.70B | +11.6% | — | — | 0.0% |
|
ECL
Ecolab Inc.
|
$88.35B | +20.0% | +2.2% | 41.5 | 1.7% |
|
SHW
Sherwin Williams Co
|
$87.99B | +12.2% | +2.1% | 33.5 | 2.7% |
|
APD
Air Products & Chemicals, Inc.
|
$71.01B | +29.1% | -0.5% | — | 2.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 14
Linde plc reported third-quarter 2026 sales of $9.4 billion, up 9%, and adjusted EPS of $4.59, up 9%. Full-year adjusted EPS guidance is $17.82 - $17.92, up 8% to 9%, while operating cash flow reached $3.2 billion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LIN | +3.3% | +8.4% | +2.6% | +2.0% | +23.1% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | +4.0% | +9.8% | +0.1% | +0.6% | +10.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.