Linde plc

LINNASDAQBasic Materials● Active

$501.92

$-5.98(-1.18%)

Market Cap$232.2B

P/E Ratio—

52W High$521.28

52W Low$387.78

Avg Volume2.3M

Open$507.13

Beta0.73

Free Cash Flow Financials Revenue

Linde plc (LIN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LIN · free cash flow · updated Jun 8, 2026

Core FCF metrics

LIN · FCF · TTM · margin & CAGR

Free cash flow was $5.09B for FY2025 (fiscal year ending 2025-12-31), up 3.3% year-over-year The FCF margin was 15.0%. Five-year CAGR stands at +4.8%.

FY2025 Free Cash Flow$5.09B▲ +3.3% YoY

Trailing 12M (TTM)$5.10Btrailing 4 quarters sum

FCF Margin15.0%$5.09B ÷ revenue

3-Year CAGR-3.7%FY2022 → FY2025

5-Year CAGR+4.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LIN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$10.35B(5.26B)$5.09B▲ +3.3%15.0%

FY2024$9.42B(4.50B)$4.93B▼ 10.7%14.9%

FY2023$9.30B(3.79B)$5.52B▼ 3.0%16.8%

FY2022$8.86B(3.17B)$5.69B▼ 14.3%17.1%

FY2021$9.72B(3.09B)$6.64B▲ +64.8%21.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LIN · P/FCF · FCF yield · FCF per share

Linde plc (LIN) trades at a FCF yield of 2.20% and a price-to-free-cash-flow ratio of 45.9x. FCF per share stands at $10.93, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.20%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.93

TTM FCF ÷ Shares Outstanding

Price / FCF

x45.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x49.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LIN · cash flow statement · operating / investing / financing

For FY2025, Linde plc generated $10.35B in operating cash flow and spent 5.26B in capital expenditures, yielding $5.09B in free cash flow.

Operating Activities

+$10.35B

Cash from core business operations

2025-12-31

Investing Activities

−$5.72B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.55B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($10.35B) − |CapEx| (5.26B) = FCF ($5.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

LIN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Linde plcYOU

LIN

$5.09B+3.3%15.0%

55%

Agnico Eagle Mines Limited

AEM.TO

$4.45B+109.4%36.7%

48%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Linde plc (LIN) reported free cash flow of $5.09B for FY2025 (fiscal year ending 2025-12-31), up 3.3% year-over-year. The FCF margin was 15.0%.

Based on available data, Linde plc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $6.64B in FY2021. The 5-year CAGR stands at +4.8%.

Linde plc's FCF yield is 2.20% and price-to-FCF ratio is 45.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LIN free cash flow · 8 questions

Linde plc free cash flow was $5.09B for FY2025, up 3.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $5.10B.

LIN free cash flowLIN FCFLIN FCF 2025LIN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Linde plc · Linde plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026