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LINDE PLC FY 2025 10-K, explained in plain English

LIN · 10-K for the period ending December 31, 2025, filed February 25, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$34.0B
Gross margin— not reported
Operating income$8.9B
Net income$6.9B
Diluted EPS$14.61
Cash & equivalents$5.1B
Total assets$86.8B
Long-term debt$22.5B

Key takeaway

2025 sales grew 3% to $33,986 million on higher pricing (2%) and acquisitions (1%), while volumes were flat as new project start-ups offset base declines.

🔒 4 more takeaways in the full analysis

Beneath the surface

Total debt of $26,989 million against cash of $5,056 million implies net debt of roughly $21.9 billion, a meaningful leverage position despite strong cash generation.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for LIN.

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