LIN at a glance
Linde plc (LIN, SEC CIK 1707925) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 31, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Linde plc (LIN) reported revenue of $34.0 billion (up 3.0% from FY2024) and net income of $6.9 billion. Diluted EPS was $14.61.
- As of June 30, 2026, 63 institutional investment managers tracked by SignalX reported holding Linde plc (LIN) shares worth $97.2 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Reynolds Paula Rosput on August 18, 2026 of 100 shares at $479.12 per share.
- In the last 90 days, LIN insiders reported 1 open-market purchase ($48K) and 0 open-market sales ($0) on Form 4, a net purchase of $48K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $34.0B
- +3.0% vs prior year
- Insiders · 90 days
- 1 buy · 0 sells
- Net +$48K
- 13F holders
- 63 funds
- $97.2B · +4 vs prior quarter
- Latest 8-K
- Jul 31, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- World's largest industrial gas company; $33,986M revenue in FY2025, up ~3% YoY from $33,005M in FY2024
- ~64% of 2025 sales outside U.S., spanning ~85 countries across EMEA, APAC, and Americas
- Clean energy emphasis: portfolio covers full hydrogen value chain; green (electrolysis), blue (SMR/ATR + CCS), and recovered low-carbon hydrogen
- Notable leadership restructuring: new COO (Sean Durbin), new CHRO (Desiree Bacher), new Engineering SVP (Stefano Innocenzi), new Americas SVP (Ben Glazer); all effective 2025
- CEO Sanjiv Lamba added Chairman role effective January 31, 2026: combined CEO/Chairman structure
Management Discussion & Analysis
- Revenue $33,986M, up $981M (+3%) YoY; price/mix +2%, acquisitions +1%, volumes flat, currency and cost pass-through neutral
- Reported operating margin 26.3% vs 26.2%; adjusted operating margin 29.8% vs 29.5%; cost of sales fell to 51.2% of sales from 51.9%
- Best segment: EMEA operating margin 35.7% vs 33.3%, profit +$275M (+10%); worst: APAC flat sales, profit +$15M (+1%) at 29.0% vs 28.9% margin
- Operating cash flow $10,350M (+$927M YoY); capex $5,261M; share buybacks $4,578M; dividends $2,811M (8% per-share increase to $6.00)
- Backlog of large projects under construction ~$7.3B; key risks include GHG regulation, cost inflation, and base volume declines in EMEA and APAC
Risk Factors
- Goodwill and indefinite-lived intangible assets ~$30B combined ($28B + $2B) at risk of impairment from economic disruption or market cap decline
- Energy largest single cost item in gas production; regional supply disruptions unpredictable and not fully hedged via customer pass-through clauses
- IRS could challenge Linde's non-domestic U.S. tax status; UK exit charges possible if tax residency shifts from current UK-resident treatment
- Operations in 80+ countries exposed to tariffs, sanctions, currency devaluations, and potential asset nationalization/expropriation
- Key-person dependency on highly skilled technical workforce; loss of personnel in manufacturing, technology, or distribution threatens competitive advantage
AI summary of the LIN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $9,289M, up 9% YoY from $8,495M
- Reported operating margin 27.5% vs 27.7% YoY
- Adjusted operating margin 29.5% vs 30.1% YoY
- Adjusted diluted EPS $4.50, up 10% from $4.09
- Six-month dividends $1,479M, up $67M; quarterly dividend $1.60 vs $1.50 per share
Risk Factors
- No risk-factors section provided in the submitted excerpt
- Share-repurchase authorization: $5.6 billion remaining under the 2023 program as of June 30, 2026
- Debt documentation: amended dealer and fiscal-agency agreements dated May 4, 2026
- Credit-support structure: upstream guarantees from Linde GmbH and Linde Inc. confirmed in May 2026
AI summary of the LIN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Earnings disclosure covers Linde’s fiscal year 2026 results
- Detailed financial results and management commentary contained in Exhibit 99.1 press release
Item EX-99.1: Item EX-99.1
- Q2 sales $9.3B, up 9%; underlying growth 4% driven by pricing and volumes
- Adjusted EPS $4.50, up 10%; adjusted operating margin 29.5% despite cost inflation
Item 5.07: Submission of Matters to a Vote of Security Holders
- 396,007,872 shares represented, equal to 85.65% of outstanding shares, establishing a strong AGM quorum
- All nine director nominees re-elected, with support ranging from 93.55% to 99.42% of votes cast
Item 8.01: Other Events
- €1.6B debt issuance: €600M floating-rate 2028 notes, €500M 3.200% 2030 notes, and €500M 3.800% 2036 notes
- Approximately €1.595B net proceeds for general corporate purposes, increasing funding flexibility
AI summaries of LIN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LIN
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| GRANT HUGH | A | Oct 1, 2026 | 72.425 | - |
| Reynolds Paula Rosput | A | Oct 1, 2026 | 18.106 | - |
| Reynolds Paula Rosput | Buy | Aug 18, 2026 | 100 | $479.12 |
| Reynolds Paula Rosput | A | Jul 1, 2026 | 15.931 | - |
| GRANT HUGH | A | Jul 1, 2026 | 63.724 | - |
| Innocenzi Stefanos | M | Jun 8, 2026 | 4,035 | - |
| Innocenzi Stefanos | M | Jun 8, 2026 | 4,035 | - |
| Innocenzi Stefanos | F | Jun 8, 2026 | 2,062 | $507.90 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $33.0B | $34.0B |
| Operating Income | - | $8.6B | $8.9B |
| Net Income | $6.2B | $6.6B | $6.9B |
| Op. Margin | - | 26.2% | 26.3% |
| Net Margin | - | 19.9% | 20.3% |
| Balance Sheet | |||
| Total Assets | $80.8B | $80.1B | $86.8B |
| Equity | - | $38.1B | $38.2B |
| ROE | - | 17.2% | 18.0% |
| Per Share | |||
| EPS | $12.59 | $13.62 | $14.61 |
| Cash Flow | |||
| Operating CF | - | $9.4B | $10.3B |
| CapEx | $3.8B | $4.5B | $5.3B |
Source: XBRL data in Linde plc (LIN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LIN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 63 | $97.22B |
| Q1 2026 | 59 | $91.74B |
| Q4 2025 | 55 | $80.49B |
| Q3 2025 | 56 | $90.35B |
| Q2 2025 | 54 | $84.84B |
| Q1 2025 | 52 | $64.12B |
| Q4 2024 | 50 | $46.64B |
| Q3 2024 | 47 | $25.22B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 436 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LIN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 8-K | May 1, 2026 | - | Analysis | - |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 14, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Mar 12, 2026 | - | - | - |
| 4 | Mar 12, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
| 4 | Mar 11, 2026 | - | - | - |
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LIN SEC filings: frequently asked questions
Are LIN insiders buying or selling?
In the last 90 days, Linde plc (LIN) officers, directors and 10% owners reported 1 open-market purchase worth $47,912 by 1 insider and no open-market sales on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LIN stock?
As of June 30, 2026, the largest Linde plc (LIN) holders among the 13F filers tracked by SignalX were BlackRock ($19.4 billion), Vanguard Capital Management LLC ($15.7 billion), State Street Corp ($10.6 billion), Invesco Ltd ($8.0 billion), Vanguard Portfolio Management LLC ($6.5 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LIN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Linde plc (LIN) reported revenue of $34.0 billion (up 3.0% from FY2024) and net income of $6.9 billion. Diluted EPS was $14.61. The figures come from the XBRL data in the 10-K.
What are the main risks in LIN's latest 10-K?
In the 10-K filed February 25, 2026, Linde plc (LIN) flagged: Goodwill and indefinite-lived intangible assets ~$30B combined ($28B + $2B) at risk of impairment from economic disruption or market cap decline. Energy largest single cost item in gas production; regional supply disruptions unpredictable and not fully hedged via customer pass-through clauses. (AI summary of the Risk Factors section.)
What did LIN report in its latest 8-K?
Linde plc (LIN) filed an 8-K on July 31, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Earnings disclosure covers Linde’s fiscal year 2026 results.
What are the latest LIN SEC filings?
Linde plc (LIN) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 31, 2026 and a Form 4 insider filing on October 5, 2026.
What is LIN's SEC CIK number?
Linde plc (LIN)'s SEC Central Index Key (CIK) is 1707925. EDGAR lists every LIN filing under that number.
Ask anything about LIN
The research agent reads LIN's filings, financials, insider trades and 13F holders, then answers with sources.