Linde (LIN) FY2024 results: revenue $33.0 billion, up 0.5% on the year
Linde plc (LIN) reported revenue of $33.0 billion for fiscal 2024, the year ended 31 December 2024, up 0.5% on the year before. Net income was $6.6 billion, up 5.9%, and diluted earnings per share $13.62. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$33.0 billion
+0.5% on the year
FY2017FY2024
Operating margin
26.2%
24.4% a year earlier
FY2017FY2024
Net income
$6.6 billion
+5.9% on the year
FY2017FY2024
Diluted EPS
$13.62
+8.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
9,423
9,305
8,864
+1.3%
Capital expenditure
4,497
3,787
3,173
+18.7%
Free cash flow
4,926
5,518
5,691
-10.7%
Free cash flow margin
14.9%
16.8%
17.1%
Cash from investing
-4,644
-4,670
-3,088
Cash from financing
-4,359
-5,400
-3,089
Depreciation and amortisation
3,780
3,816
4,204
-0.9%
Share-based compensation
160
141
107
+13.5%
Buybacks
4,482
3,958
5,168
+13.2%
Dividends paid
2,655
2,482
2,344
+7.0%
Dividend per share
$5.56
$5.10
$4.68
+9.0%
Diluted shares, weighted
482m
492m
504m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
38,092
39,720
40,028
-4.1%
Non-controlling interest
1,383
1,362
1,346
+1.5%
Redeemable equity
13.0
13.0
13.0
0.0%
Debt
21,623
19,373
17,914
+11.6%
Operating lease liabilities
606
572
540
+5.9%
Finance lease liabilities
150
143
114
+4.9%
Other liabilities
18,280
19,628
19,703
-6.9%
Total liabilities and equity
80,147
80,811
79,658
-0.8%
Fixed assets
24,775
24,552
23,548
+0.9%
Goodwill
25,937
26,751
25,817
-3.0%
Intangible assets
11,330
12,399
12,420
-8.6%
Cash and equivalents
4,850
4,664
5,436
+4.0%
Receivables
4,622
4,718
4,559
-2.0%
Inventory
1,946
2,115
1,978
-8.0%
Other assets
6,687
5,612
5,900
+19.2%
Total assets
80,147
80,811
79,658
-0.8%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.