Linde plc (LIN) Q3 2025 10-Q Quarterly Report
Linde plc (LIN) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Linde plc Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $8,615M Q3 2025, up 3% YoY from $8,356M Q3 2024; nine months $25,222M vs $24,723M, up 2%
- • Reported operating margin 27.5% Q3 2025 vs 25.0% Q3 2024; adjusted margin 29.7% vs 29.6% YoY Q3
- • Best segment Americas: sales $3,846M +6%, operating profit margin 31.2% Q3 2025; Worst segment Engineering: sales down 15%, profit margin 19.5% Q3 2025
- • Operating cash flow $7,320M YTD 2025, up 11% YoY; capital expenditures $3,803M, up 17% YoY; net investing outflow $4,260M, financing outflow $3,536M
- • Management notes strong pricing and productivity offset cost inflation; adjusted full year outlook ongoing via earnings releases; risks include currency volatility and cost inflation
Risk Factors
- • No material changes to risk factors from 2024 10-K for fiscal 2025 quarter
- • Carried-forward regulatory risk: compliance with evolving environmental laws impacting operations
- • Carried-forward market risk: volatility in industrial gas demand due to global economic conditions
- • Carried-forward financial risk: exposure to foreign currency fluctuations affecting reported earnings
- • Carried-forward operational risk: supply chain disruptions affecting production continuity
Linde plc Q3 2025 Quarterly FinancialsXBRL
Revenue
$8.6B
▲ +3.1% YoY▲ +1.4% QoQ
Net Income
$1.9B
▲ +24.5% YoY▲ +9.2% QoQ
Operating Margin
27.5%
▲ +251bp YoY▼ -24bp QoQ
Net Margin
22.4%
▲ +384bp YoY▲ +160bp QoQ
ROE
5.0%
Total Assets
$86.0B
EPS (Diluted)
$4.10
▲ +26.9% YoY▲ +9.9% QoQ
Operating Cash Flow
$2.9B
▲ +7.9% YoY▲ +33.3% QoQ
Source: XBRL data from Linde plc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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