LINLINDE PLC
Industrial Inorganic Chemicals
- Revenue
- $34.0B
- 3.0% YoY
- Operating margin
- 26.3%
- 0.4% YoY
- EBITDA
- $12.7B
- 2.2% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.8×
- $22.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear150% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear72% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $30.8B | $33.4B | $32.9B | $33.0B | $34.0B | 3.0% |
| Operating income | $5.0B | $5.4B | $8.0B | $8.6B | $8.9B | 3.3% |
| Net income | $3.8B | $4.1B | $6.2B | $6.6B | $6.9B | 5.1% |
| Operating cash flow | $9.7B | $8.9B | $9.3B | $9.4B | $10.3B | 9.8% |
| Capex | $3.1B | $3.2B | $3.8B | $4.5B | $5.3B | 17% |
| Stock-based comp | $128M | $107M | $141M | $160M | $164M | 2.5% |
| Buybacks | $4.6B | $5.2B | $4.0B | $4.5B | $4.6B | 2.7% |
| Dividends | $2.2B | $2.3B | $2.5B | $2.7B | $2.8B | 5.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $22M | $16M | 173 | 139 |
| FY2024 | — | — | 168 | 126 |
| FY2023 | — | — | 163 | 126 |
| FY2022 | — | — | 128 | 112 |
| FY2021 | — | — | 133 | 127 |