Industrial Gases: approx. 70%
Engineering: approx. 20%
Healthcare: approx. 10%

TOP 3 Markets:

1. USA: approx. 35%
2. Germany: approx. 20%
3. China: approx. 15%

Linde plc generates the majority of its revenue from the industrial gases sector, which accounts for about 70% of total revenue. These gases are used in various sectors such as chemicals, metal processing, and food production. The engineering sector contributes around 20%, followed by the healthcare sector with approximately 10%.

The USA is the largest market for Linde, accounting for about 35% of total revenue. Germany and China follow with 20% and 15%, respectively. These markets are crucial for the company as they have both a strong industrial base and high demand for industrial gases.

Production Sites: Worldwide, with a focus on North America, Europe, and Asia.

Linde plc is a globally operating company in the field of industrial gases and engineering. The company operates production facilities in various regions of the world to efficiently serve the demand of its customers. The main production sites are located in North America, Europe, and Asia, with Linde also present in other regions such as Latin America and the Middle East.

The geographical diversification of the production sites enables Linde to effectively serve both local and international markets and benefit from regional growth opportunities. Linde continuously invests in expanding and modernizing its production capacities to support technological advancement and the increasing demand for industrial gases.

Revenue Growth: Estimated 8-10% annually (2025)

Investments in Sustainable Technologies: Over 1 billion USD annually (2025)

Linde plc pursues a growth strategy strongly focused on sustainability and innovation. The company invests significantly in the development and implementation of environmentally friendly technologies, especially in the field of hydrogen production and utilization. These investments aim to meet the increasing demand for cleaner energy sources and reduce CO2 emissions.

Furthermore, Linde is expanding into emerging markets and strengthening its presence in regions with growing demand for industrial gases. This includes strategic partnerships and acquisitions to solidify its market position and unlock new business opportunities.

The continuous focus on research and development enables Linde to offer innovative solutions that increase efficiency and reduce the ecological footprint. This strategy supports the company's long-term goal of achieving sustainable growth while making a positive contribution to the global energy transition.

Main raw materials: Natural gas, oxygen, nitrogen, argon

Main importing countries: USA, Germany, China, India

Linde plc is a leading company in the industrial gas sector and mainly requires raw materials such as natural gas, oxygen, nitrogen, and argon for its production. These are either extracted directly from the air or produced from natural gas.

The USA and Germany are significant locations for the production and import of these raw materials, as Linde operates large production facilities there. China and India are also important markets and production sites that serve as both suppliers and customers for Linde.

Linde utilizes a global supply chain to ensure the availability of these raw materials and optimize production costs. Geographic diversification helps the company minimize risks and benefit from different market conditions.

Market share: Approx. 25% in the industrial gas sector (2024, estimate)

EBITDA margin: 28.5% (2024)

Research & Development: 2.3% of revenue (2024)

Linde plc is one of the world's leading providers in the industrial gas sector and holds a significant market share of about 25%. This gives the company a strong competitive advantage as it benefits from economies of scale and a broad customer base.

The EBITDA margin of 28.5% demonstrates the efficiency and profitability of the company, indicating strong cost control and pricing power. Additionally, Linde continuously invests in research and development, accounting for approximately 2.3% of revenue. This underscores the commitment to innovation and the development of new technologies that can further enhance the competitive advantage.

Furthermore, Linde benefits from a global presence and a diversified product portfolio, enabling the company to react flexibly to market changes and seize new growth opportunities.

Institutional investor share: 75% (estimated, 2025)
Insider purchases: No significant purchases in the last year
Insider sales: Moderate, about 0.5% of shares in the last year

The institutional investor share in Linde plc typically stands at around 75%, indicating a high level of trust from institutional investors in the company. These investors include large investment funds, pension funds, and other institutional players who prefer long-term investments.

In 2025, there were no significant insider purchases, suggesting that executives and directors did not make major stock purchases. This could indicate that they are satisfied with the current stock valuation or do not expect short-term price increases.

Insider sales were moderate, with about 0.5% of shares sold in the last year. This is a normal behavior as executives and directors regularly sell shares to diversify their portfolios or meet personal financial needs.

Market share of Linde plc: 25% (estimated for 2025)

Main competitors and their market shares:

1. Air Liquide: 20%
2. Air Products and Chemicals: 15%
3. Praxair: 10%
4. Messer Group: 5%
5. Taiyo Nippon Sanso: 5%

Moat of Linde plc:

Linde plc has a significant moat, which is manifested by several factors. Firstly, the company has a strong global presence and an extensive network of production and distribution facilities, enabling it to operate efficiently and cost-effectively. This gives Linde an advantage over smaller competitors that do not have the same infrastructure.

Secondly, Linde continuously invests in research and development to develop innovative solutions and technologies that meet customer needs. This innovation strength enhances market position and creates high customer loyalty.

Compared to competitors, Linde has a broader range of products and services, making the company more resilient to market fluctuations. While Air Liquide and Air Products and Chemicals also have strong moats, especially through specialized products and regional dominance, Linde remains a leader due to its global reach and innovation leadership.

Overall, Linde has a significant advantage, but the competition is strong and is also investing in similar strategies to strengthen their market position.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share: Leading in the industrial gas sector

Linde plc recorded a revenue growth of 8.5% and a profit growth of 10.2% in 2024. These positive growth figures are an indicator of the company's strong operational performance. Linde continues to lead in the industrial gas sector, indicating a stable market position and high demand for its products.

The company continuously invests in research and development to promote innovative solutions and sustainable technologies. This could lead to further growth opportunities in the long term, especially in areas such as hydrogen technology and CO2 reduction.

In addition, Linde has a solid balance sheet and strong cash flow generation, providing the company with financial flexibility for future investments and potential acquisitions. These factors make Linde plc a potentially attractive investment for investors looking for long-term growth and stability.

Dividend yield: 1.5% (estimated for 2025)
Dividend history: Continuous distribution for over 25 years

Linde plc is known for its reliable dividend policy. The company has continuously distributed dividends over the past decades and regularly increased them. The estimated dividend yield of 1.5% for 2025 reflects the stable financial health and the company's confidence in its future earnings power.

Linde plc has a strong market position in the industrial gas sector, contributing to the stability of dividend payments. The long-term dividend history and the ability to pay dividends in various economic cycles underscore the reliability of the distributions.